Proginsec, MB - financials and debts

Company age: 3 y. 1 mo.

Update

Proginsec - Company finances

EUR
2023
From: 2023-08-18
To: 2023-12-31
2024
From: 2024-01-01
To: 2024-12-31
2025
From: 2025-01-01
To: 2025-12-31
Financial data
Sales revenue 44,000 64,697 54,617
Profit before tax 37,987 7,933 3,020
Net profit 37,987 7,535 2,838
Equity 21,447 19,833 22,671
Liabilities 41,050 552 338
Non-current assets 0 0 1,140
Current assets 62,497 20,355 21,869
Total assets 62,497 20,355 23,009
Taxes paid
STI taxes - 11,965 10,711
Financial indicators
Revenue change y/y - +47.0% -15.6%
ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. 60.8% 37.0% 12.3%
ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. 177.1% 38.0% 12.5%
Profit margin Net profit margin. Shows the overall profitability of the company. 86.3% 11.6% 5.2%
EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. 86.3% 12.3% 5.5%
Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. 1.9 0.0 0.0
Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. - - -

Purchase full financial statements

Profit/Loss, Balance Sheet, Cash Flow, Equity

9.99 € + PVM Buy

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Proginsec - Social security debts

The company had no debts to Sodra

Proginsec - VMI tax arrears

From To Overdue, €
2024-12-30 2024-12-30 3294.0

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.
Proginsec, MB (code 306383117) is a Lithuanian small partnership engaged in other information technology and computer service activities. In the latest financial year, 2025, the company generated revenue of €54.6K and net profit of €2.8K, corresponding to a profit margin of 5.2%. Revenue declined by 15.6% year on year, but remained above the 2023 level, with 2-year growth at 24.1%. Profitability has eased materially over the period: net profit was €38.0K in 2023 for a 135-day period, €7.5K in 2024, and €2.8K in 2025. Balance sheet size in 2025 was modest, with total assets of €23.0K, equity of €22.7K, and liabilities of €338. The company is financed almost entirely by equity, with an equity ratio of 98.5% and a debt-to-equity ratio of 0.01. Efficiency indicators for 2025 were positive, with ROE at 12.5%, ROA at 12.3%, and asset turnover at 2.37x. Overall, the company remains lightly leveraged and profitable, although margins and earnings weakened in 2025 compared with prior years.