AB Turtas - 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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Financial data
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| Sales revenue | 370,809 | 617,152 | 556,871 | 977,447 | 408,359 | 348,163 | 798,795 | 2,036,671 |
| Profit before tax | -6,526 | 11,956 | 4,148 | -10,247 | -9,675 | 5,383 | 18,534 | -596 |
| Net profit | -6,526 | 11,402 | 3,949 | -10,247 | -9,675 | 5,072 | 14,950 | -596 |
| Equity | -42,558 | -31,156 | -27,207 | -37,454 | -47,129 | -42,057 | -27,107 | 551,793 |
| Liabilities | 358,429 | 435,483 | 467,962 | 463,976 | 495,978 | 545,136 | 655,281 | 237,502 |
| Non-current assets | 20,537 | 20,222 | 12,938 | 30,141 | 25,880 | 28,635 | 25,849 | 16,540 |
| Current assets | 295,307 | 384,033 | 427,731 | 396,243 | 422,883 | 474,444 | 602,174 | 772,755 |
| Total assets | 315,844 | 404,255 | 440,669 | 426,384 | 448,763 | 503,079 | 628,023 | 789,295 |
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Taxes paid
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| STI taxes | - | - | - | - | - | 4,312 | 18,673 | 26,427 |
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Financial indicators
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| Revenue change y/y | +1.9% | +66.4% | -9.8% | +75.5% | -58.2% | -14.7% | +129.4% | +155.0% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | -2.1% | 2.8% | 0.9% | -2.4% | -2.2% | 1.0% | 2.4% | -0.1% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | - | - | - | - | - | - | - | -0.1% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | -1.8% | 1.8% | 0.7% | -1.0% | -2.4% | 1.5% | 1.9% | 0.0% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | -1.8% | 1.9% | 0.7% | -1.0% | -2.4% | 1.5% | 2.3% | 0.0% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | - | - | - | - | - | - | - | 0.4 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | 123,603 | 205,717 | 185,624 | 586,456 | 408,359 | 348,163 | 639,036 | 1,018,336 |
Sales revenue
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AB Turtas - Social security debts
| From | To | Debt, € |
|---|---|---|
| 2025-11-18 | 2025-11-23 | 0.06 |
| 2025-10-23 | 2025-11-16 | 0.06 |
| 2025-09-07 | 2025-09-14 | 8.68 |
| 2025-08-31 | 2025-09-03 | 8.68 |
| 2025-08-19 | 2025-08-29 | 8.68 |
| 2021-12-16 | 2021-12-26 | 3.40 |
| 2021-12-07 | 2021-12-14 | 3.40 |
AB Turtas - VMI tax arrears
| From | To | Overdue, € |
|---|---|---|
| 2026-03-29 | 2026-03-30 | 2.55 |
| 2025-10-03 | 2025-10-16 | 398.26 |
| 2025-06-20 | 2025-06-20 | 6717.99 |
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.
AB Turtas, UAB is a Private Limited Liability Company engaged in retail sale of motor vehicles. In 2025, it generated EUR 2.04M in revenue, up 155.0% year on year and 485.0% over two years, showing a strong expansion from EUR 348.2K in 2023 and EUR 798.8K in 2024. Despite this revenue growth, profitability weakened in 2025: the company posted a net loss of EUR 596 after net profit of EUR 14.9K in 2024 and EUR 5.1K in 2023, leaving it close to break-even. The balance sheet improved significantly. Equity rose to EUR 551.8K from negative EUR 27.1K in 2024 and negative EUR 42.1K in 2023, while liabilities declined to EUR 237.5K from EUR 655.3K a year earlier. Total assets reached EUR 789.3K, supported mainly by short-term assets of EUR 772.8K. Key ratios point to efficient asset use and a stronger capital structure, with asset turnover at 2.58x, an equity ratio of 69.9%, debt-to-equity of 0.43, and revenue per employee of EUR 1.02M.