Codevel - Company finances
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EUR
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2024
From: 2024-01-04
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 | 188,766 | 217,788 |
| Profit before tax | 159,366 | 181,536 |
| Net profit | 159,366 | 170,644 |
| Equity | 159,466 | 170,743 |
| Liabilities | 0 | 3,746 |
| Non-current assets | 3,037 | 32,768 |
| Current assets | 156,429 | 141,721 |
| Total assets | 159,466 | 174,489 |
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Financial indicators
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| Revenue change y/y | - | +15.4% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | 99.9% | 97.8% |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | 99.9% | 99.9% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | 84.4% | 78.4% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | 84.4% | 83.4% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | - | 0.0 |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | - | - |
Sales revenue
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Codevel - Social security debts
The company had no debts to Sodra
Codevel - 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.
Codevel, MB (company code 306653452) is a Lithuanian small partnership operating in other information technology and computer service activities. In 2025, the company generated revenue of €217.8K, up 15.4% year on year from €188.8K in 2024. Net profit increased to €170.6K in 2025 from €159.4K a year earlier, while profit margin remained very high at 78.4% in 2025 compared with 84.4% in 2024. Over the two-year period, the business expanded sales while maintaining strong profitability. At the same time, the 2025 balance sheet remained compact, with total assets of €174.5K, equity of €170.7K and liabilities of €3.7K. Long-term assets rose to €32.8K in 2025 from €3.0K in 2024, while short-term assets amounted to €141.7K. The latest ratios indicate a very strong equity position, low leverage, and efficient asset use, with asset turnover at 1.25x, ROE at 99.9% and ROA at 97.8% in 2025.