Ginto švara, MB - financials and debts

Ginto švara, MB (code 306241833) is a Lithuanian small partnership providing general cleaning of buildings. In 2025, the latest financial year, the company generated EUR 21.2K in revenue, down 7.5% year on year and 33.8% versus 2023. Despite the lower turnover, profitability improved materially: net profit reached EUR 3.1K in 2025 after a small loss of EUR 50 in 2024 and a loss of EUR 967 in 2023. The 2025 profit margin was 14.6%, indicating a stronger conversion of revenue into earnings than in the previous two years. Over the three-year period, the business moved from a loss-making position to profitability while operating on a smaller revenue base. At the end of 2025, total assets stood at EUR 12.8K, liabilities at EUR 12.9K, and equity at negative EUR 103. Asset turnover was 1.65x, showing relatively efficient use of the asset base. Return on equity is heavily distorted by the very small negative equity position, so it should be interpreted cautiously.