FORMULA AIR BALTIC - Company finances
|
EUR
|
2018
From: 2018-01-01
To: 2018-12-31
|
2019
From: 2019-01-01
To: 2019-12-31
|
2020
From: 2020-01-01
To: 2020-12-31
|
2021
From: 2021-01-01
To: 2021-12-31
|
2022
From: 2022-01-01
To: 2022-12-31
|
2023
From: 2023-01-01
To: 2023-12-31
|
2024
From: 2024-01-01
To: 2024-12-31
|
2025
From: 2025-01-01
To: 2025-12-31
|
|---|---|---|---|---|---|---|---|---|
|
Financial data
|
||||||||
| Sales revenue | 3,184,541 | 3,867,593 | 3,090,881 | 4,267,281 | 4,435,343 | 4,086,156 | 4,236,311 | 4,684,791 |
| Profit before tax | -38,779 | 549,942 | 107,603 | 127,878 | 154,605 | 47,953 | 22,516 | 57,203 |
| Net profit | -38,779 | 501,294 | 88,009 | 106,011 | 126,300 | 36,222 | 10,003 | 41,675 |
| Equity | 950,071 | 1,451,364 | 1,539,373 | 1,645,384 | 1,771,684 | 1,807,906 | 1,817,909 | 1,859,584 |
| Liabilities | 3,706,108 | 3,043,142 | 2,406,889 | 2,062,205 | 1,509,872 | 2,171,475 | 1,426,427 | 1,282,978 |
| Non-current assets | 5,203,747 | 4,526,196 | 4,001,664 | 3,474,553 | 3,128,169 | 3,866,136 | 3,441,362 | 2,828,529 |
| Current assets | 911,154 | 1,474,326 | 1,239,893 | 1,402,038 | 1,032,964 | 813,621 | 994,259 | 1,252,658 |
| Total assets | 6,114,901 | 6,000,522 | 5,241,557 | 4,876,591 | 4,161,133 | 4,679,757 | 4,435,621 | 4,081,187 |
|
Taxes paid
|
||||||||
| STI taxes | - | - | - | - | - | 280,670 | 220,314 | 215,921 |
| Social insurance contributions | - | - | - | - | - | 293,185 | 300,550 | 290,940 |
|
Financial indicators
|
||||||||
| Revenue change y/y | -6.9% | +21.4% | -20.1% | +38.1% | +3.9% | -7.9% | +3.7% | +10.6% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | -0.6% | 8.4% | 1.7% | 2.2% | 3.0% | 0.8% | 0.2% | 1.0% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | -4.1% | 34.5% | 5.7% | 6.4% | 7.1% | 2.0% | 0.6% | 2.2% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | -1.2% | 13.0% | 2.8% | 2.5% | 2.8% | 0.9% | 0.2% | 0.9% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | -1.2% | 14.2% | 3.5% | 3.0% | 3.5% | 1.2% | 0.5% | 1.2% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | 3.9 | 2.1 | 1.6 | 1.3 | 0.9 | 1.2 | 0.8 | 0.7 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | 77,357 | 73,668 | 61,004 | 82,327 | 83,686 | 82,968 | 91,761 | 102,214 |
Sales revenue
See Scoris data in Google Search
Mark Scoris as a favorite source. One click, no registration.
FORMULA AIR BALTIC - Social security debts
| From | To | Debt, € |
|---|---|---|
| 2025-11-18 | 2025-11-20 | 0.03 |
| 2025-10-16 | 2025-11-09 | 0.03 |
| 2025-09-16 | 2025-10-06 | 0.03 |
| 2025-08-31 | 2025-09-02 | 0.03 |
| 2025-08-19 | 2025-08-29 | 0.03 |
| 2025-05-04 | 2025-05-06 | 0.03 |
| 2025-04-16 | 2025-05-01 | 0.03 |
| 2025-03-18 | 2025-04-03 | 0.03 |
| 2025-02-18 | 2025-03-06 | 0.03 |
| 2025-02-10 | 2025-02-10 | 0.03 |
| 2025-01-16 | 2025-02-04 | 0.03 |
| 2024-12-22 | 2024-12-29 | 0.03 |
| 2024-12-17 | 2024-12-20 | 0.03 |
| 2024-11-18 | 2024-12-05 | 0.03 |
| 2024-10-16 | 2024-11-05 | 0.03 |
| 2024-08-19 | 2024-09-03 | 0.01 |
| 2024-07-16 | 2024-08-01 | 0.01 |
| 2024-05-16 | 2024-06-04 | 0.01 |
| 2024-04-23 | 2024-05-08 | 0.01 |
| 2024-01-16 | 2024-01-18 | 5.33 |
FORMULA AIR BALTIC - 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.
FORMULA AIR BALTIC, UAB (code 145837754) is a Private Limited Liability Company engaged in the manufacture of steel tubes, pipes, hollow profiles and related fittings. In 2025, revenue increased to €4.68M, up 10.6% year on year and 14.7% over two years. Net profit improved to €41.7K from €10.0K in 2024 and €36.2K in 2023, indicating a recovery in profitability after a weaker 2024. The 2025 net profit margin was 0.9%, broadly in line with 2023 and above 2024. The balance sheet remained moderate in size, with total assets of €4.08M, equity of €1.86M and liabilities of €1.28M. Equity represented 45.6% of assets, and debt-to-equity stood at 0.69. Long-term assets declined from €3.87M in 2023 to €2.83M in 2025, while short-term assets increased to €1.25M. Return on equity was 2.2% and return on assets 1.0% in 2025. Asset turnover was 1.15x, and revenue per employee was €104.1K.