Small companies in the Republic of Croatia are companies that meet at least two of the following three criteria: assets do not exceed HRK 30 million, revenue of HRK 60 million and between 10 and 50 employees. These companies are required to prepare the financial statements, including the balance sheet, the profit and loss account and the notes to the financial statements. The financial statements provide to internal and external sources informations on the business that they need to make economic decisions. The analysis of the financial statements also uses the analysis of various financial ratios: liquidity ratios, leverage ratios, activity ratios, economic ratios and profitability ratios. Based on the financial statements and financial indicators was analyzed business performance of the small company Omega Still d.o.o. To determine the business performance, it was made a vertical and horizontal analysis of the balance sheet and profit and loss account and the analysis of the financial indicators for the period from 2014 to 2017. The results of the analysis of financial statements for the period from 2014 to 2017 have shown that the company has been operating successfully. Liquidity indicators have shown that the company is not liquid, leverage indicators that the company has not leverage, activity ratios that the company effectively uses a property assets, economic ratios that company operates with profit and profitability ratios that the company doesn’t operate profitable.