Company overview
Basic information
Company name
Modern concept, MB
Company code
305319439
VAT code
LT100013087312
Registered address
Vilnius, Šeškinės Sodų 1-oji g. 7-1, LT-08343
Registration date
2019-11-04
Company age: 6 y. 11 mo.
Contact information
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Phone
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Email
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Website
https://www.modernconcept.lt
Company manager
For registered members only
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Indicators
Risk factors
Activity
Legal form
Small partnership
NACE activity
Development of building projects
Ownership form
Private without foreign capital
MB "Modern concept"
Company code: 305319439
Address: Vilnius, Šeškinės Sodų 1-oji g. 7-1, LT-08343
VAT code: LT100013087312
Description
This description was generated by artificial intelligence.
Modern concept, MB (company code 305319439) is an operational private small partnership registered on 4 November 2019. It is classified as a micro company within the national private non-financial sector and is under private ownership, with Lithuanian natural and legal persons holding more than 50% of the authorised capital and no foreign investor capital. The company is governed by a CEO only. Its registered address is in Vilnius, Šeškines Sodu 1-oji g. 7-1, Vilniaus m. sav., Vilniaus apskr.
The company’s main activity is EVRK M.68.12.00, Development of building projects. Financially, 2025 was a stronger year than the previous one: revenue reached €1.90M, up 58.8% year on year, and net profit was €212.1K with an 11.2% profit margin. In 2024, revenue was €1.19M and net profit €33.4K, following €1.45M revenue and €173.3K net profit in 2023. Equity turned positive in 2025 at €103.8K after negative equity in 2023 and 2024. At the end of 2025, liabilities were €345.8K and total assets €449.6K. The business employed an average of 3 people in 2025, with average monthly wage rising to €2,819.47 from €1,474.51 in 2024; so far in 2026, average employment stands at 2.
The company’s main activity is EVRK M.68.12.00, Development of building projects. Financially, 2025 was a stronger year than the previous one: revenue reached €1.90M, up 58.8% year on year, and net profit was €212.1K with an 11.2% profit margin. In 2024, revenue was €1.19M and net profit €33.4K, following €1.45M revenue and €173.3K net profit in 2023. Equity turned positive in 2025 at €103.8K after negative equity in 2023 and 2024. At the end of 2025, liabilities were €345.8K and total assets €449.6K. The business employed an average of 3 people in 2025, with average monthly wage rising to €2,819.47 from €1,474.51 in 2024; so far in 2026, average employment stands at 2.
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