Turto bankas - Company finances
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EUR
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2018
From: 2018-01-01
To: 2018-12-31
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2019
From: 2019-01-01
To: 2019-12-31
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2020
From: 2020-01-01
To: 2020-12-31
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2021
From: 2021-01-01
To: 2021-12-31
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2022
From: 2022-01-01
To: 2022-12-31
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2023
From: 2023-01-01
To: 2023-12-31
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2024
From: 2024-01-01
To: 2024-12-31
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2025
From: 2025-01-01
To: 2025-12-31
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|---|---|---|---|---|---|---|---|---|
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Financial data
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| Sales revenue | 5,449,170 | 8,061,600 | 11,537,675 | 24,175,724 | 30,939,412 | 33,353,322 | 41,350,272 | 41,552,000 |
| Profit before tax | 168,062 | 49,882 | 52,569 | 3,368,582 | 616,732 | 1,453,644 | 7,423,060 | 2,694,000 |
| Net profit | 151,282 | 23,886 | 24,931 | 2,740,373 | 84,427 | 357,102 | 5,858,361 | 1,061,000 |
| Equity | 173,768,664 | 268,127,413 | 304,097,149 | 350,320,495 | 352,706,926 | 361,740,403 | 376,665,129 | 561,478,000 |
| Liabilities | 109,679,121 | 126,072,586 | 138,829,942 | 127,509,186 | 128,071,771 | 167,534,163 | 157,635,670 | 103,098,000 |
| Non-current assets | 174,445,421 | 265,594,177 | 299,839,586 | 349,365,426 | 352,697,701 | 390,521,233 | 404,939,746 | 634,716,000 |
| Current assets | 107,954,232 | 128,602,239 | 145,301,260 | 137,656,696 | 138,802,776 | 152,021,373 | 149,008,053 | 92,939,000 |
| Total assets | 282,399,653 | 394,196,416 | 445,140,846 | 487,022,122 | 491,500,477 | 542,542,606 | 553,947,799 | 727,655,000 |
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Taxes paid
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| STI taxes | - | - | - | - | - | 14,666,984 | 8,603,404 | 10,406,221 |
| Social insurance contributions | - | - | - | - | - | 2,188,150 | 2,414,332 | 2,548,383 |
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Financial indicators
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| Revenue change y/y | +56.1% | +47.9% | +43.1% | +109.5% | +28.0% | +7.8% | +24.0% | +0.5% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | 0.1% | 0.0% | 0.0% | 0.6% | 0.0% | 0.1% | 1.1% | 0.1% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | 0.1% | 0.0% | 0.0% | 0.8% | 0.0% | 0.1% | 1.6% | 0.2% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | 2.8% | 0.3% | 0.2% | 11.3% | 0.3% | 1.1% | 14.2% | 2.6% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | 3.1% | 0.6% | 0.5% | 13.9% | 2.0% | 4.4% | 18.0% | 6.5% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 | 0.2 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | 34,763 | 44,153 | 53,956 | 104,094 | 124,006 | 122,173 | 158,077 | 162,630 |
Sales revenue
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Turto bankas - Social security debts
| From | To | Debt, € |
|---|---|---|
| 2026-01-21 | 2026-01-31 | 4.31 |
| 2025-01-22 | 2025-01-22 | 1.42 |
Turto bankas - VMI tax arrears
The company had no tax arrears (debts) to the State Tax Inspectorate
VMI debt information has been collected since 2024-10-07. Debts for older periods will not be displayed.
Analysis of the company's financial position
This description was generated by artificial intelligence.
Report if inaccurate.
Turto bankas, AB (code 112021042) is a Public Limited Liability Company engaged in legislative and executive activities of central administrative bodies. In 2025, the company generated revenue of €41.55M, broadly in line with 2024 revenue of €41.35M and above €33.35M in 2023. Net profit was €1.06M in 2025, down from €5.86M in 2024 after a much weaker result than the prior year’s peak, while 2023 net profit was €357.1K. The latest profit margin was 2.6%, compared with 14.2% in 2024 and 1.1% in 2023. The balance sheet expanded further in 2025: total assets reached €727.65M, equity increased to €561.48M, and liabilities declined to €103.10M. Long-term assets rose to €634.72M, while short-term assets were €92.94M. Key ratios point to a very strong equity base and modest leverage, with an equity ratio of 77.2% and debt-to-equity of 0.18. Asset turnover remained low at 0.06x, reflecting the asset-intensive structure. Revenue per employee was €162.9K and profit per employee €4.2K in the latest year.