Bachelor's thesis "Economic analysis of VCES, a.s." has the main aim to assess the financial situation and the overall viability of mentioned company. Analysis is constructed for a five-year period from the year 2007 to 2011. Dissertation is divided into two main chapters, whereas in first, theoretical part, are introduced methods of analysis and their theoretical characteristics. These methods are applied to the company VCES, a.s. in second, practical part. There is also comparison of results with competitive company UNISTAV, a.s.. Economic analysis is focused on vertical and horizontal analysis, useful ratios, analysis of working capital and others. We also look at some creditworthy and bankruptcy methods of valuation of company. In summa...