The main goal of this work is to analyze the business of the enterprise called Saponia d.d in the time frame from 2015. until 2018. year. For this analysis, consolidated financial reports were used and they were also being analyzed with the help of a horizontal and vertical analysis and with the help of financial ratios. Based on the results, business of the enterprise Saponia d.d. was tested, more specifically in which measure the business is safe and successful and what has the most influence on the business itself.One of the main parts of the Business analysis is the analysis of the company’s financial statements. The most important financial statements include balance sheet, profit and loss account and cash flow statement. Profit and loss statement show the level of success in business, balance sheet displays assets, liability and capital and cash flow statement displays sources of financing and the way how money is being spent. Their analyses are carried out in the form of horizontal and vertical analysis and with the help of the financial ratio. Horizontal analysis displays quickness in a way how positions are changing, but vertical displays the very structure of the financial statement. Financial ratios show profits and liquidity but activities and indebtedness as well. This data serves as a foundation in a further decision making which should ultimately lead towards better business. Saponia, as far as the profit goes, had the one unsuccessful year where it has recorded loss because the crisis in Agrokor reflected to its business as well. Analysis of the balance sheet and financial ratio tells that there is not safe business and that the ratios mostly find themselves in the lower limits that are being permitted or even under the permitted limits