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SpA share capital: three figures, one financial biography

Italian registers publish an SpA's resolved, subscribed and paid-in capital separately — plus every dated capital operation. Legal minimum: EUR 50,000. Live record from €4.99.

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Capital entries as distress markers

Italian corporate law forces capital adjustments when losses bite, and those adjustments are public: the register effectively timestamps financial distress episodes of unlisted SpAs that publish little else.

Comparing paid-in capital with the company's declared scale flags undercapitalised structures before they become your bad debt.

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Frequently asked questions

Why three capital figures?

Resolved is what shareholders approved, subscribed what they committed, paid-in what was actually contributed. A wide subscribed/paid-in gap is a credit-relevant finding.

Which operations are registered?

Paid and bonus increases, voluntary reductions, loss-driven reductions and post-wipeout reconstitutions — each with its registration date.

What does a loss-driven reduction signal?

That losses breached statutory capital thresholds — objective evidence of past distress, to be read with status and governance data.

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