Product · Ownership and group
We build the ownership chain from notices and multiply stakes along it. Natural persons above 25% are shown as beneficial owner candidates: calculated, not declared.
Ownership chain
If a shareholder is a company we step to its shareholders; ratios are multiplied along the chain and stakes from several paths are added. The result is one effective stake per person.
Declared and calculated
Direct shareholders are what the notice says. Beneficial owner candidates are our calculation. We never mix the two in one table.
Declared · from the notice
Gazette · 22.07.2026 · full list
Calculated · by us
“Candidate”: may not be the same person; confirm with the share ledger and declaration.
Definition and threshold
The calculation rules are fixed and written on screen. The same notices always give the same result.
A natural person whose combined direct and indirect stake exceeds 25% becomes a candidate.
The natural person at the end of a control chain built with stakes above 50% is also a candidate.
If nobody crosses the threshold, senior management is shown, and this is stated.
Without a notice listing all shareholders the screen says “could not be calculated”; no guessing from a partial list.
The chain is followed four levels by default, six at most.
When a person crosses 25% up or down the change is recorded with its date.
Group map
Shareholders, shared officers, absorbed companies and records at the same address on one map. There is a portfolio map for your whole watchlist as well.
Every company on your watchlist on one map, with shared officer, shareholding and address links.
The gazette carries no ID numbers; people are matched by name. Each link carries a “may not be the same person” note.
Relationships and group structure can be added to the trade registry report.
Cross-border structures
Foreign shareholders, 100% owners and corporate board members are found by rule in Turkish notices. Each finding comes with its date, notice and verbatim quote.
| Finding | Who | Country | Source |
|---|---|---|---|
| Foreign shareholder | Harbor Foods B.V. | Netherlands | Gazette · 03.03.2025 · p. 712 |
| 100% owner | Harbor Foods B.V. | Netherlands | Gazette · 03.03.2025 · p. 712 |
| Corporate board member | Pieter de Vries for Harbor Foods B.V. | Not stated in the notice | Gazette · 11.06.2025 · p. 1,204 |
A country is written only if the notice text states it; never guessed. You can also follow the foreign shareholder itself by its company number; its profile then comes from that country’s official register.
Relationship engine
When a new notice is read, the people and companies in it are compared with the other records on your watchlist.
When the same person appears in the management of two companies, the companies are linked.
Corporate shareholders link companies to each other; the chain is built from here.
Other companies registered at the same address are shown as a separate link type.
A company that ended by merger stays linked to the absorbing company; history is not lost.
How the chain is built
The only source is notices; no ratio is filled in by guesswork.
The chain is built from the notices of the companies on your watchlist.
If a corporate shareholder is not on your list the chain stops there and we show it; add the shareholder to extend the chain.
The split in incorporation and capital notices is read; each ratio tied to its notice.
If a shareholder is a company we move on to the shareholders in its notices.
Ratios are multiplied along the chain; stakes from several paths are added.
Natural persons with an effective stake above 25% are shown as candidates, marked as a calculation.
Ownership alerts
Ownership is not a file you look at once and close. When it changes, monitoring tells you.
Monitoring
Share transfers, shareholders joining or leaving and capital notices reach your e-mail, webhook and API under the “Ownership” and “Capital” categories.
Sanctions
If listed persons and entities together hold 50% or more of a company directly, the company is flagged separately. Matching uses exact names only.
Our limits
The beneficial owner calculation is a strong starting point; it does not replace an official declaration.
Usually not published in joint-stock companies; the last split may be old.
Every split is shown with its notice date; you see how old it is.
The same name may be a different person; that is why we say “candidate”.
For credit and compliance decisions confirm with the share ledger and the company’s declaration.
Keep reading
The other parts of the product, plus coverage, pricing and service status.
It is calculated from the shareholding splits in the Trade Registry Gazette. Direct and indirect stakes are multiplied; natural persons above 25% are shown as “beneficial owner candidates”, marked as a calculation.
Because people are matched by name and recent share transfers in joint-stock companies may not appear in notices. A candidate is a strong start for review; decide after confirming with the share ledger and declaration.
The chain is built from the notices of companies on your watchlist. If a corporate shareholder is not on your list or its ratio is unknown the chain stops there; add the shareholder and the calculation extends.
Foreign shareholders, 100% owners and corporate board members appearing in Turkish notices are shown with quotes. You can also follow the foreign company itself.
Relationships and group structure can be added as an appendix to the trade registry report.
Send the companies of a group; we will show the chain, effective stakes and links with their sources.
Enterprise quote
Plans differ only in the number of companies you follow; every feature and every country is included. Fill in the form and we will prepare the right offer together.
[email protected]