MG inovacija - Company finances
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EUR
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2022
From: 2022-06-08
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 | 16,523 | 36,040 | 39,586 | 44,007 |
| Profit before tax | 3,639 | 8,420 | 3,093 | -3,842 |
| Net profit | 3,639 | 7,976 | 2,938 | -3,842 |
| Equity | 3,640 | 11,617 | 14,554 | 10,712 |
| Liabilities | 944 | 4,453 | 6,243 | 7,374 |
| Non-current assets | 1,573 | 7,385 | 9,437 | 9,130 |
| Current assets | 3,011 | 8,685 | 11,360 | 8,956 |
| Total assets | 4,584 | 16,070 | 20,797 | 18,086 |
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Taxes paid
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| STI taxes | - | 459 | - | - |
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Financial indicators
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| Revenue change y/y | - | +118.1% | +9.8% | +11.2% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | 79.4% | 49.6% | 14.1% | -21.2% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | 100.0% | 68.7% | 20.2% | -35.9% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | 22.0% | 22.1% | 7.4% | -8.7% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | 22.0% | 23.4% | 7.8% | -8.7% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | 0.3 | 0.4 | 0.4 | 0.7 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | - | - | - | - |
Sales revenue
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MG inovacija - Social security debts
| From | To | Debt, € |
|---|---|---|
| 2024-11-04 | 2024-11-30 | 64.50 |
| 2022-07-01 | 2022-07-31 | 40.76 |
MG inovacija - 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.
MG inovacija, MB (code 306095549) is a Lithuanian small partnership engaged in plumbing, heat and air-conditioning installation. In 2025, the company generated EUR 44.0K in revenue, up 11.2% year on year and 22.1% over two years. Despite this growth, profitability weakened materially: net profit fell to EUR -3.8K in 2025 from EUR 2.9K in 2024 and EUR 8.0K in 2023, pushing the profit margin to -8.7% after 7.4% in 2024 and 22.1% in 2023. The balance sheet remained modest, with total assets of EUR 18.1K at year-end 2025, supported by EUR 10.7K in equity and EUR 7.4K in liabilities. Equity declined from EUR 14.6K in 2024, while liabilities increased from EUR 6.2K. Key efficiency indicators were also weak in 2025, with ROE at -35.9%, ROA at -21.2%, debt-to-equity at 0.69, and asset turnover at 2.43x. Over the three-year period, revenue rose steadily, but earnings reversed sharply in the latest year.