Heavy Finance published its audited annual financial report for 2022

The auditing firm commented: "Heavy Finance ended 2022 with a loss of €1,106,571. The company's equity for that day is €57,981; current liabilities exceed assets of €72,719. These circumstances indicate significant uncertainties that could cause significant doubt about the Company's ability to address ongoing concern. " Heavy Finance raised €3,000,000 earlier this year to fund its growth.