The main objective of this thesis was to identify the symptoms and development of the business crisis with the tools of analysis of financial statements of the company Uljanik d.d. The company Uljanik d.d. is the holding company of the Uljanik Group, which has its roots in 1856 and is thus one of the oldest companies in the Republic of Croatia. Due to its size, importance for the Croatian economy and recognition in the world for its products, the company is also of strategic importance for the Republic of Croatia. Horizontal and vertical analysis of the company's financial statements and analysis of financial indicators provided an insight into the company's operations in the period from 2008 to 2017. The size of assets, indebtedness of the company, the amount of income and expenses and finally, the result of the period are considered. Based on the analysis conducted, conclusions were made on the safety and performance of the company. In the observed period, the company found itself in a business crisis, which was evident from all financial statements and indicators presented in the thesis. Crisis management and crisis strategies undertaken by the management did not result in the desired outcome, and in the end most companies within the Uljanik Group declared bankruptcy. Due to all the above and analyzed in the thesis, from the financial statements of the observed company it was possible to see the situation in which the company was and identify the symptoms and development of the business crisis.