ME Group Baltic OÜRegistered
Going concern uncertainty. In the 2019 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Qualified audit opinion. 2020 report: Qualified.
Key figures
29 968 355 €−11,5%
Revenue 2025
+0,2%
Average annual growth 2019–2025
Ratios
20250,2%
Profit margin
0,5%
EBITDA margin
16,1%
Equity ratio
1,2×
Current ratio
10,4%
Return on equity
3948 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 14 584 760 € | 6 | 39 429 € |
| Q1 2026 | 7 997 778 € | 6 | 39 606 € |
| Q4 2025 | 9 363 250 € | 6 | 41 586 € |
| Q3 2025 | 15 642 642 € | 6 | 45 053 € |
| Q2 2025 | 12 696 261 € | 6 | 39 943 € |
| Q1 2025 | 8 665 582 € | 6 | 39 615 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 3 809 198 | 2 891 248 | 2 568 367 | 3 566 886 | 3 534 288 | 3 181 010 | 2 978 631 |
| Total non-current assets | 267 486 | 192 721 | 126 815 | 164 709 | 133 022 | 107 218 | 90 680 |
| Total assets | 4 076 684 | 3 083 969 | 2 695 182 | 3 731 595 | 3 667 310 | 3 288 228 | 3 069 311 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 3 507 821 | 2 834 364 | 2 714 921 | 3 549 202 | 3 298 834 | 2 846 008 | 2 575 828 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 3 507 821 | 2 834 364 | 2 714 921 | 3 549 202 | 3 298 834 | 2 846 008 | 2 575 828 |
| Share capital | 19 173 | 19 173 | 19 173 | 19 200 | 19 200 | 19 200 | 19 200 |
| Retained earnings of previous periods | 633 253 | 536 936 | 217 677 | −51 667 | 45 587 | 231 670 | 305 414 |
| Profit for the year | −96 318 | −319 259 | −269 344 | 97 254 | 186 083 | 73 744 | 51 263 |
| Reserves and other equity | 12 755 | 12 755 | 12 755 | 117 606 | 117 606 | 117 606 | 117 606 |
| Total equity | 568 863 | 249 605 | −19 739 | 182 393 | 368 476 | 442 220 | 493 483 |
| Income statement | |||||||
| Sales revenue | 29 534 397 | 15 630 449 | 20 280 905 | 31 101 759 | 34 858 783 | 33 870 304 | 29 968 355 |
| Operating profit | −62 060 | −290 726 | −239 242 | 122 658 | 256 781 | 148 032 | 100 488 |
| EBITDA | 6723 | −206 986 | −156 515 | 169 404 | 314 724 | 188 336 | 138 190 |
| Profit before income tax | −96 318 | −319 259 | −269 344 | 97 254 | 186 083 | 73 744 | 51 263 |
| Profit for the reporting year | −96 318 | −319 259 | −269 344 | 97 254 | 186 083 | 73 744 | 51 263 |
| Labour costs | 439 071 | 385 835 | 372 644 | 326 433 | 342 982 | 360 520 | 383 402 |
| Depreciation of non-current assets | 68 783 | 83 740 | 82 727 | 46 746 | 57 943 | 40 304 | 37 702 |
| Other indicators | |||||||
| Employees | 11 | 13 | 10 | 6 | 5 | 6 | 6 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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