Baltic Merchants - 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 | 213,000 | 167,071 | 186,060 | 118,000 | 98,000 | 143,000 | 134,000 | 86,000 |
| Profit before tax | 167,706 | 120,012 | 143,524 | 74,677 | 45,580 | 74,364 | 70,627 | 15,749 |
| Net profit | 158,497 | 113,065 | 135,379 | 69,958 | 42,711 | 69,999 | 66,522 | 14,184 |
| Equity | 74,919 | 82,563 | 99,679 | 49,022 | 37,473 | 52,343 | 66,605 | 27,846 |
| Liabilities | 26,129 | - | - | - | 16,550 | 7,175 | 6,082 | 2,039 |
| Non-current assets | 1 | 1,224 | 54,875 | 45,157 | 35,550 | 26,277 | 17,004 | 7,730 |
| Current assets | 100,779 | 104,202 | 132,799 | 48,932 | 18,473 | 32,055 | 54,723 | 21,153 |
| Total assets | 100,780 | 105,426 | 187,674 | 94,089 | 54,023 | 58,332 | 71,727 | 28,883 |
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Taxes paid
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| STI taxes | - | - | - | - | - | 37,990 | 40,910 | 31,740 |
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Financial indicators
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| Revenue change y/y | +280.4% | -21.6% | +11.4% | -36.6% | -16.9% | +45.9% | -6.3% | -35.8% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | 157.3% | 107.2% | 72.1% | 74.4% | 79.1% | 120.0% | 92.7% | 49.1% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | 211.6% | 136.9% | 135.8% | 142.7% | 114.0% | 133.7% | 99.9% | 50.9% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | 74.4% | 67.7% | 72.8% | 59.3% | 43.6% | 49.0% | 49.6% | 16.5% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | 78.7% | 71.8% | 77.1% | 63.3% | 46.5% | 52.0% | 52.7% | 18.3% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | 0.3 | - | - | - | 0.4 | 0.1 | 0.1 | 0.1 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | - | - | - | - | - | - | - | - |
Sales revenue
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Baltic Merchants - Social security debts
The company had no debts to Sodra
Baltic Merchants - 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.
Baltic Merchants, MB (code 303014182) is a Small partnership engaged in business and other management consultancy activities. In 2025, the company generated revenue of €86.0K and net profit of €14.2K, with a profit margin of 16.5%. Revenue fell by 35.8% year on year and by 39.9% compared with 2023, marking a clear slowdown after two stronger years. Net profit also declined from €70.0K in 2023 and €66.5K in 2024 to €14.2K in 2025.
The balance sheet remained conservative. Total assets amounted to €28.9K at the end of 2025, with equity of €27.8K and liabilities of €2.0K. The equity ratio stood at 96.4%, while debt-to-equity was 0.07. Return on equity was 50.9% and return on assets 49.1%, reflecting profitability despite the lower scale of operations. Asset turnover was 2.98x, indicating relatively efficient use of assets. In 2024, revenue was €134.0K and net profit €66.5K; in 2023, revenue was €143.0K and net profit €70.0K.
The balance sheet remained conservative. Total assets amounted to €28.9K at the end of 2025, with equity of €27.8K and liabilities of €2.0K. The equity ratio stood at 96.4%, while debt-to-equity was 0.07. Return on equity was 50.9% and return on assets 49.1%, reflecting profitability despite the lower scale of operations. Asset turnover was 2.98x, indicating relatively efficient use of assets. In 2024, revenue was €134.0K and net profit €66.5K; in 2023, revenue was €143.0K and net profit €70.0K.