Forsage Baltic - Company finances
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EUR
|
2023
From: 2023-02-17
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 | 39,934 | 508,169 | 486,291 |
| Profit before tax | - | - | 26,162 |
| Net profit | -34,123 | 33,438 | 23,482 |
| Equity | -31,623 | 1,815 | 25,297 |
| Liabilities | 181,342 | 141,877 | 74,164 |
| Non-current assets | 0 | 0 | 0 |
| Current assets | 149,719 | 143,692 | 99,461 |
| Total assets | 149,719 | 143,692 | 99,461 |
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Taxes paid
|
|||
| STI taxes | 2,510 | 68,043 | 71,330 |
| Social insurance contributions | - | - | 3,198 |
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Financial indicators
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| Revenue change y/y | - | +1172.5% | -4.3% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | -22.8% | 23.3% | 23.6% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | - | 1842.3% | 92.8% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | -85.4% | 6.6% | 4.8% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | - | - | 5.4% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | - | 78.2 | 2.9 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | 17,115 | 169,390 | 157,718 |
Sales revenue
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Forsage Baltic - Social security debts
| From | To | Debt, € |
|---|---|---|
| 2024-03-18 | 2024-04-08 | 0.16 |
| 2024-02-19 | 2024-03-11 | 0.16 |
| 2024-01-23 | 2024-02-05 | 0.16 |
| 2023-08-17 | 2023-09-06 | 0.41 |
| 2023-07-27 | 2023-08-06 | 0.41 |
| 2023-07-24 | 2023-07-26 | 0.43 |
| 2023-06-16 | 2023-07-03 | 67.96 |
| 2023-05-17 | 2023-05-17 | 48.54 |
Forsage Baltic - 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.
Forsage Baltic, UAB (code 306250280) is a private limited liability company engaged in the retail sale of electrical household appliances. In 2025, the latest financial year, the company generated revenue of €486.3K, down 4.3% year on year from €508.2K in 2024, while still remaining well above the 2023 level of €39.9K. Over the two-year period, revenue increased strongly overall, reflecting a much larger operating scale than in 2023. Net profit was €23.5K in 2025, compared with €33.4K in 2024 and a loss of €34.1K in 2023, with the 2025 profit margin at 4.8%. The balance sheet weakened in size but remained positive: total assets were €99.5K, equity €25.3K and liabilities €74.2K at year-end 2025. Key ratios point to efficient asset use and a leveraged capital structure, with asset turnover of 4.89x, debt-to-equity of 2.93 and an equity ratio of 25.4%. Return on equity was 92.8% and return on assets 23.6%, supported by relatively modest equity. Revenue per employee reached €162.1K and profit per employee €7.8K.