Sourcing-roadmap

Mandatory annual filings for ~440k Belgian companies (full and abbreviated schedules). Primary source for Layer 1 country-native row-level evidence.

apps/delphi/src/data_sources/cbs_client.py

NACE-BEL Structural Business Statistics. Sector-level context for Layer 1 / Layer 5 size-banded ratios.

apps/delphi/src/data_sources/statbel_client.py

M&A and corporate-action announcements. Powers AI deal extraction for proprietary observation evidence.

apps/delphi/src/data_sources/staatsbladmonitor_client.py

Local listed-SME comparable set. DLOM applies (Layer 2 listed-style anchor).

apps/delphi/src/data_sources/eu_smallcap_client.py

Mandatory XBRL filings for Dutch BV/NV via Standard Business Reporting. Aggregated by NACE / SBI for Layer 1 peer financials.

apps/delphi/src/data_sources/kvk_financials_client.py

Dutch SBS by SBI 2008. Sector context for Dutch SME bands.

apps/delphi/src/data_sources/cbs_client.py

Local listed-SME comparable set. DLOM applies (Layer 2).

apps/delphi/src/data_sources/eu_smallcap_client.py

Mandatory filings for SARL/SA — paid per-document access; ingestion path scoped after BE/NL backfill.

Sector aggregates by NACE for Luxembourg's services-heavy mix.

Free public API + XBRL-tagged accounts (FRS 102/101/105) for ~5M UK companies. Mandatory full P&L for medium and large; abridged for small. The single best Layer-1 SME source in Europe — ingestion is the critical-path Delphi client for GB native coverage.

apps/delphi/src/data_sources/companies_house_client.py

UK SIC sector aggregates and SME profitability series.

AIM micro/small-cap listed comparables for Layer 2 coverage. DLOM applies.

Annual European M&A deal-term study covering UK, DE, FR, NL — citable corroboration on multiples bands.

Quarterly EV/EBITDA reading for Eurozone mid-market unlisted transactions (€15–500m). Published as a free PDF — used as a calibration cross-check.

Statutory filings (bilan, compte de résultat) for SAS/SARL/SA. Per-document fee for full bilan; aggregates are free.

apps/delphi/src/data_sources/infogreffe_client.py

French commercial-court announcements: M&A, share transfers, asset disposals.

French SBS by NAF (≈NACE Rev.2). Free API.

Open-data layer over French commercial registry. Useful for cross-validation and entity resolution.

Eurozone mid-market multiples — France is the largest cohort in the index population.

Mandatory annual filings for GmbH, AG, KGaA. Full P&L for medium and large; abbreviated for small.

apps/delphi/src/data_sources/bundesanzeiger_client.py

Central German business register; cross-validates Bundesanzeiger filings and adds beneficial-owner data.

German SBS by WZ 2008 (≈NACE Rev.2). Already partially covered via Eurostat SBS (Layer 4); Destatis-direct unlocks finer size-band cuts.

Quarterly DACH small-cap and mid-cap multiples by sector — citable industry reference.

Annual deal-term study; Germany is a top-3 cohort.

Mandatory filings via the Mercantile Registry. BORME gazette announcements are free; full balance sheets are paid per-document via eInforma / Insight View.

Spanish SBS by CNAE-2009 (≈NACE Rev.2).

Spanish small-cap and BME Growth (formerly MAB) listed peers for Layer 2.

De-facto standard for Italian private-company financials. Used by every major Italian PE house and bank — under partnership evaluation.

Mandatory bilancio filings via the Italian chambers of commerce. Per-document fee.

Italian SBS by ATECO 2007 (≈NACE Rev.2). Sector-level context.

Italian small-cap and STAR segment. Layer 2 listed comparables.

Annual Italian PE/VC market report with deal multiples breakdown.

Mandatory simplified electronic filings for all Portuguese commercial companies.

BdP harmonized SME financials by CAE-Rev.3 (≈NACE Rev.2) — directly usable for Layer 1 size-banded ratios. Standard reference for Portuguese SME work.

Portuguese SBS. Sector-level supplement to BdP CBSD.

Polish National Court Register. Mandatory filings for sp. z o.o., S.A., and other Polish companies.

Polish SBS by PKD 2007 (≈NACE Rev.2).

Mandatory filings for GmbH and AG via Justiz-Online. Per-document fee.

Austrian SBS by ÖNACE 2008.

Quarterly DACH multiples cover Austria alongside Germany and Switzerland.

Swiss Official Gazette of Commerce. M&A and corporate-action announcements.

Swiss commercial register entry data. Note: many Swiss SMEs are not required to publish full financials, limiting Layer 1 row-level coverage.

Swiss SBS by NOGA 2008 (≈NACE Rev.2).

Swiss small-cap listed comparables for Layer 2.

Mandatory annual reports for AB and HB. API access via paid subscription.

Swedish SBS by SNI 2007 (≈NACE Rev.2).

Swedish small-cap and First North growth-market listed peers for Layer 2.

Widely used commercial wrapper over Bolagsverket data with sector tagging.

Annual Swedish PE & VC report with deal multiples context.

Mandatory annual reports for Oy / Oyj. Trade Register data available via API.

Finnish SBS by TOL 2008 (≈NACE Rev.2).

Annual Finnish PE/VC market report with multiples context.

Free public API; mandatory annual reports for ApS, A/S, and other Danish entities. One of the most open SME data registries in Europe.

Danish SBS by DB07 (≈NACE Rev.2).

Annual Danish PE/VC market report.

Free public API. Mandatory annual reports for AS and ASA.

Norwegian SBS by SN 2007 (≈NACE Rev.2).

Commercial wrapper over Brreg with sector enrichment.