IT Baltics - Company finances
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EUR
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2021
From: 2021-12-21
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 | - | 462,898 | 480,897 | 170,165 | 145,830 |
| Profit before tax | - | - | - | - | - |
| Net profit | -198 | 129,667 | 157,514 | 48,871 | 31,226 |
| Equity | 2,302 | 131,968 | 259,482 | 278,353 | 279,579 |
| Liabilities | 198 | 108,412 | 31,587 | 9,825 | 5,601 |
| Non-current assets | 0 | 10,522 | 11,639 | 7,073 | 2,645 |
| Current assets | 2,500 | 173,106 | 277,796 | 277,836 | 281,048 |
| Total assets | 2,500 | 183,628 | 289,435 | 284,909 | 283,693 |
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Taxes paid
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| STI taxes | - | - | 75,940 | 54,195 | 26,074 |
| Social insurance contributions | - | - | 44,205 | 3,554 | - |
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Financial indicators
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| Revenue change y/y | - | - | +3.9% | -64.6% | -14.3% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | -7.9% | 70.6% | 54.4% | 17.2% | 11.0% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | -8.6% | 98.3% | 60.7% | 17.6% | 11.2% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | - | 28.0% | 32.8% | 28.7% | 21.4% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | - | - | - | - | - |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | 0.1 | 0.8 | 0.1 | 0.0 | 0.0 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | - | 82,660 | 91,599 | 60,059 | 48,610 |
Sales revenue
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IT Baltics - Social security debts
| From | To | Debt, € |
|---|---|---|
| 2022-06-16 | 2022-06-27 | 4.25 |
IT Baltics - VMI tax arrears
| From | To | Overdue, € |
|---|---|---|
| 2025-02-22 | 2025-02-22 | 247.87 |
| 2025-02-19 | 2025-02-21 | 244.0 |
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.
IT Baltics, UAB (code 305960306) is a Private Limited Liability Company engaged in other computer programming activities. In 2025, the company generated revenue of €145.8K and net profit of €31.2K, resulting in a profit margin of 21.4%. Performance remained profitable, but both revenue and profit declined versus 2024, with revenue down 14.3% year on year and down 69.7% over two years from the 2023 level of €480.9K. Net profit also eased from €157.5K in 2023 to €48.9K in 2024 and €31.2K in 2025. Despite the lower turnover, the balance sheet remained strong. Total assets stood at €283.7K at the end of 2025, supported by equity of €279.6K and liabilities of only €5.6K, giving an equity ratio of 98.5% and a debt-to-equity ratio of 0.02. Asset turnover was 0.51x, while return on equity was 11.2% and return on assets 11.0%. Revenue per employee was €48.6K and profit per employee €10.4K.