Company overview
Basic information
Company name
Baltik vairas, UAB
Company code
110599930
VAT code
LT105999314
Registered address
Šiauliai, Pramonės g. 3, LT-78137
Registration date
1994-03-07
Company age: 32 y. 7 mo.
Contact information
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Phone
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Email
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Website
https://www.baltikvairas.lt
Company manager
For registered members only
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Indicators
Risk factors
Activity
Legal form
Private Limited Liability Company
NACE activity
Manufacture of bicycles and invalid carriages
Sector
Užsienio subjektų kontroliuojamos ne finansų bendrovės
Ownership form
Private foreign capital
UAB Baltik vairas
Company code: 110599930
Address: Šiauliai, Pramonės g. 3, LT-78137
VAT code: LT105999314
Description
This description was generated by artificial intelligence.
Baltik vairas, UAB (company code 110599930) is an operational private limited liability company registered in 1994. It is classified as a large private enterprise in the sector of non-financial companies controlled by foreign entities, under private ownership where foreign natural and legal persons hold more than 50% of the authorised capital. Governance is described as CEO with board/council. The company is located in Šiauliai, Pramones g. 3, Šiauliu m. sav., Šiauliu apskr. Its main activity under EVRK code C.30.92.00 is Manufacture of bicycles and invalid carriages. Share capital amounts to €7.45M.
Financially, the company generated €170.96M in revenue in 2023 and €113.90M in 2024. Net profit remained negative, at -€648.0K in 2023 and -€630.0K in 2024, with profit margins of -0.4% and -0.6% respectively. Equity was €29.67M in 2024, total assets €49.45M, and liabilities €18.73M.
The workforce has declined over recent years, from 563 average employees in 2023 to 443 in 2024 and 350 in 2025, with 293 average employees so far in 2026. Average monthly wage increased from €1,727.03 in 2023 to €1,912.08 in 2025, before standing at €1,889.29 so far in 2026. Estimated annual payroll is €6.64M.
Financially, the company generated €170.96M in revenue in 2023 and €113.90M in 2024. Net profit remained negative, at -€648.0K in 2023 and -€630.0K in 2024, with profit margins of -0.4% and -0.6% respectively. Equity was €29.67M in 2024, total assets €49.45M, and liabilities €18.73M.
The workforce has declined over recent years, from 563 average employees in 2023 to 443 in 2024 and 350 in 2025, with 293 average employees so far in 2026. Average monthly wage increased from €1,727.03 in 2023 to €1,912.08 in 2025, before standing at €1,889.29 so far in 2026. Estimated annual payroll is €6.64M.
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