IREC Baltic - 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 | 5,463,353 | 16,606,484 | 12,308,037 | 3,986,610 | 2,127,924 | 3,428,920 | 10,857,759 | 2,900,134 |
| Profit before tax | -792,752 | 2,875,039 | 5,616,722 | -845 | 173,503 | -4,170 | 339,398 | 8,119 |
| Net profit | -792,752 | 2,603,060 | 4,763,026 | -845 | 147,478 | -4,170 | 288,488 | 6,820 |
| Equity | 5,825,416 | 3,487,051 | 8,250,077 | 8,249,232 | 8,396,710 | 8,395,436 | 8,683,924 | 8,690,744 |
| Liabilities | 49,581,226 | 47,606,479 | 22,339,107 | 1,366,624 | 6,753,427 | 22,159,335 | 21,739,075 | 32,187,886 |
| Non-current assets | 3,588,235 | 26,354,774 | 5,227,143 | 1,369,184 | 1,309,569 | 13,871,625 | 13,820,738 | 15,206,433 |
| Current assets | 51,818,407 | 10,407,983 | 25,362,041 | 8,246,672 | 13,840,568 | 16,683,146 | 16,602,261 | 25,672,197 |
| Total assets | 55,406,642 | 36,762,757 | 30,589,184 | 9,615,856 | 15,150,137 | 30,554,771 | 30,422,999 | 40,878,630 |
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Taxes paid
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| STI taxes | - | - | - | - | - | 170,997 | 83,271 | 56,271 |
| Social insurance contributions | - | - | - | - | - | 127,054 | 141,792 | 155,491 |
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Financial indicators
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| Revenue change y/y | +446.7% | +204.0% | -25.9% | -67.6% | -46.6% | +61.1% | +216.7% | -73.3% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | -1.4% | 7.1% | 15.6% | 0.0% | 1.0% | 0.0% | 0.9% | 0.0% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | -13.6% | 74.6% | 57.7% | 0.0% | 1.8% | 0.0% | 3.3% | 0.1% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | -14.5% | 15.7% | 38.7% | 0.0% | 6.9% | -0.1% | 2.7% | 0.2% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | -14.5% | 17.3% | 45.6% | 0.0% | 8.2% | -0.1% | 3.1% | 0.3% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | 8.5 | 13.7 | 2.7 | 0.2 | 0.8 | 2.6 | 2.5 | 3.7 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | 252,154 | 735,344 | 647,791 | 265,774 | 138,027 | 233,789 | 700,501 | 165,722 |
Sales revenue
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IREC Baltic - Social security debts
| From | To | Debt, € |
|---|---|---|
| 2026-03-27 | 2026-03-27 | 75.52 |
| 2026-03-17 | 2026-03-25 | 75.52 |
| 2024-05-16 | 2024-05-28 | 136.60 |
| 2024-04-23 | 2024-05-05 | 27.31 |
| 2024-04-16 | 2024-04-22 | 24.80 |
| 2023-03-17 | 2023-04-06 | 61.98 |
| 2023-03-16 | 2023-03-16 | 240.65 |
| 2023-02-17 | 2023-03-13 | 120.51 |
IREC 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.
IREC Baltic, UAB (code 302290726) is a Private Limited Liability Company active in development of building projects. In the latest financial year, 2025, the company generated revenue of €2.90M and net profit of €6.8K, corresponding to a slim 0.2% profit margin. Revenue declined by 73.3% year on year from 2024 and was also 15.4% lower than two years earlier, showing a volatile top-line pattern after the strong 2024 level of €10.86M. In 2023, revenue stood at €3.43M and the company recorded a small loss of €4.2K, before turning profitable in 2024 with net profit of €288.5K. The balance sheet expanded in 2025 to €40.88M in total assets, funded by €8.69M in equity and €32.19M in liabilities. The equity ratio was 21.3% and debt-to-equity stood at 3.70, indicating meaningful leverage. Asset turnover remained low at 0.07x, while revenue per employee was €170.6K and profit per employee €401.