*Evaluation of VIA SMS Group Annual Report 2023* Nothing is older than yesterday’s newspaper. Except for the Viainvest annual report from the year before last (2023). After reviewing the numbers, here are the key takeaways: *Profitability* Viainvest achieved a record profit of EUR 5.4 million in 2023. With the exception of the COVID years (2020 and 2021), the company has been consistently profitable over the past decade. Hats off! *Balance Sheet* Viainvest regularly distributes dividends to its shareholders, which means that while the balance sheet figures are presentable, they are not outstanding either. For instance, EUR 6.7 million was distributed in 2023, leading to a EUR 1.6 million decrease in equity. Despite the record profit of EUR 5.4 million. • The equity ratio stands at a reasonable 10%. • The liquidity ratio is at 1.12, which is also acceptable. • The debt ratio has recently increased to 9.28, driven by a rise in short-term liabilities. *My Criticism* Despite these solid numbers, some issues bother me as well: 1. While other platforms have already presented provisional results for 2024 (such as Debitum), Viainvest takes more than a year to publish outdated figures. 2. The annual report contains multiple inaccuracies or errors. The reported short-term liabilities for 2022 don’t make sense, nor do the equity change timelines. 3. The notes explaining individual financial positions are missing from the report. If investors are forced to wait this long, then a complete and logically consistent annual report shouldn’t be too much to ask for. *Viainvest Review + Bonus:* https://rethink-p2p.de/en/viainvest-review/