Turtėk - Company finances
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EUR
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2019
From: 2019-09-17
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 | 48,442 | 100,151 | 85,178 | 81,234 | 48,449 | 36,180 | 23,788 |
| Profit before tax | 32,270 | 2,302 | 2,072 | -2,531 | -11,056 | 8,568 | -10,751 |
| Net profit | 32,270 | 2,010 | 2,081 | -2,531 | -11,056 | 8,568 | -10,751 |
| Equity | 32,276 | 34,286 | 36,886 | 34,355 | 23,299 | 31,867 | 21,116 |
| Liabilities | - | - | - | 31,549 | 25,793 | 18,215 | 12,113 |
| Non-current assets | 0 | 66,343 | 57,938 | 49,533 | 41,128 | 32,723 | 24,318 |
| Current assets | 34,563 | 16,907 | 16,968 | 16,371 | 7,964 | 16,312 | 8,303 |
| Total assets | 34,563 | 83,250 | 74,906 | 65,904 | 49,092 | 49,035 | 32,621 |
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Taxes paid
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| STI taxes | - | - | - | - | 21 | 23 | - |
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Financial indicators
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| Revenue change y/y | - | +106.7% | -15.0% | -4.6% | -40.4% | -25.3% | -34.3% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | 93.4% | 2.4% | 2.8% | -3.8% | -22.5% | 17.5% | -33.0% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | 100.0% | 5.9% | 5.6% | -7.4% | -47.5% | 26.9% | -50.9% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | 66.6% | 2.0% | 2.4% | -3.1% | -22.8% | 23.7% | -45.2% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | 66.6% | 2.3% | 2.4% | -3.1% | -22.8% | 23.7% | -45.2% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | - | - | - | 0.9 | 1.1 | 0.6 | 0.6 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | - | - | - | - | - | - | - |
Sales revenue
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Turtėk - Social security debts
The company had no debts to Sodra
Turtėk - 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.
Turtek, MB (company code 305252481) is a Small partnership operating in activities of insurance agents and brokers. In 2025, the company generated revenue of EUR 23.8K, down 34.2% year on year and 50.9% compared with 2023. After a profitable 2024, it returned to a net loss of EUR 10.8K in 2025, with a profit margin of -45.2%. The three-year trajectory shows a volatile pattern: revenue declined from EUR 48.4K in 2023 to EUR 36.2K in 2024 and then to EUR 23.8K in 2025, while net profit moved from a loss of EUR 11.1K in 2023 to a profit of EUR 8.6K in 2024 before slipping back to a loss in 2025. At the end of 2025, total assets stood at EUR 32.6K, equity at EUR 21.1K and liabilities at EUR 12.1K. Key ratios indicate a weaker 2025 performance, with ROE at -50.9%, ROA at -33.0%, debt-to-equity at 0.57 and asset turnover at 0.73x. Long-term assets amounted to EUR 24.3K and short-term assets to EUR 8.3K.