Company overview
Basic information
Company name
MG MOTORSPORT, VšĮ
Company code
306656128
VAT code
LT100016583913
Registered address
Kaunas, Kranto 16-oji g. 21, LT-45292
Registration date
2024-01-09
Company age: 2 y. 8 mo.
Contact information
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Phone
Email
Presented as an image – cannot be copied
Presented as an image – cannot be copied
Website
https://www.mgmotorsport.eu
Company manager
For registered members only
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Indicators
Risk factors
Activity
Legal form
Public Institution
NACE activity
Amusement and recreation activities n.e.c.
Sector
Namų ūkiams paslaugas teikiančios ne pelno institucijos
Ownership form
Private without foreign capital
Beneficiary of support
Yes, since 2024-02-02
NVO
Non-governmental organization since 2024-12-13
MG MOTORSPORT VšĮ
Company code: 306656128
Address: Kaunas, Kranto 16-oji g. 21, LT-45292
VAT code: LT100016583913
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Description
This description was generated by artificial intelligence.
MG MOTORSPORT, VšI (company code 306656128) is an operational public institution registered in 2024. It is classified as a public entity in the non-profit institutions providing services to households sector and is described as privately owned, with governance limited to a CEO. The company is based in Kaunas, Kauno m. sav., Kauno apskr., at Kranto 16-oji g. 21.
The company’s registered activity is EVRK S.93.29.00, Amusement and recreation activities n.e.c. In financial year 2025, revenue increased to €61.5K from €11.3K in 2024, while the business remained small in scale. The 2025 balance sheet shows total assets of €190.2K, including €32.1K in long-term assets and €158.1K in short-term assets, with liabilities of €189.2K and equity of €1.0K. In 2024, the company reported a net loss of €2.6K and a negative profit margin of 22.9%; by 2025 it had returned to a positive equity position, although leverage remained high relative to equity.
Average employment was 1 person in 2024, 2025 and so far in 2026.
The company’s registered activity is EVRK S.93.29.00, Amusement and recreation activities n.e.c. In financial year 2025, revenue increased to €61.5K from €11.3K in 2024, while the business remained small in scale. The 2025 balance sheet shows total assets of €190.2K, including €32.1K in long-term assets and €158.1K in short-term assets, with liabilities of €189.2K and equity of €1.0K. In 2024, the company reported a net loss of €2.6K and a negative profit margin of 22.9%; by 2025 it had returned to a positive equity position, although leverage remained high relative to equity.
Average employment was 1 person in 2024, 2025 and so far in 2026.