Baltic Workboats ASRegistered
Qualified audit opinion. 2020 report: Qualified.
Key figures
65 695 343 €+26,6%
Revenue 2025
+17,5%
Average annual growth 2019–2025
Ratios
20254,9%
Profit margin
7,8%
EBITDA margin
16,7%
Equity ratio
1,0×
Current ratio
39,0%
Return on equity
3426 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 22 622 960 € | 191 | 1 080 011 € |
| Q1 2026 | 28 357 133 € | 193 | 1 028 053 € |
| Q4 2025 | 11 544 830 € | 193 | 1 089 947 € |
| Q3 2025 | 7 437 454 € | 191 | 1 126 478 € |
| Q2 2025 | 8 315 547 € | 193 | 1 012 122 € |
| Q1 2025 | 28 297 073 € | 195 | 1 006 445 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
No dividends were distributed.
History
20250 €
202414 470 118 €
20230 €
20220 €
2021161 412 €
20200 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 11 669 457 | 20 644 740 | 25 594 611 | 36 078 498 | 57 307 280 | 30 943 912 | 33 737 768 |
| Total non-current assets | 23 279 263 | 26 294 605 | 24 009 172 | 22 961 517 | 27 454 577 | 14 835 436 | 15 273 323 |
| Total assets | 34 948 720 | 46 939 345 | 49 603 783 | 59 040 015 | 84 761 857 | 45 779 348 | 49 011 091 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 21 298 222 | 27 997 350 | 27 267 287 | 29 707 366 | 49 430 400 | 31 821 744 | 32 227 560 |
| Non-current liabilities | 3 145 780 | 5 903 817 | 7 138 556 | 12 198 728 | 17 072 124 | 8 949 312 | 8 574 490 |
| Total liabilities | 24 444 002 | 33 901 167 | 34 405 843 | 41 906 094 | 66 502 524 | 40 771 056 | 40 802 050 |
| Share capital | 31 956 | 31 956 | 31 956 | 31 956 | 31 956 | 31 956 | 31 956 |
| Retained earnings of previous periods | 10 832 303 | 10 469 567 | 12 841 615 | 15 162 789 | 17 098 770 | 3 754 064 | 4 973 141 |
| Profit for the year | −362 097 | 2 533 460 | 2 321 174 | 1 935 981 | 1 125 412 | 1 219 077 | 3 200 749 |
| Reserves and other equity | 2556 | 3195 | 3195 | 3195 | 3195 | 3195 | 3195 |
| Total equity | 10 504 718 | 13 038 178 | 15 197 940 | 17 133 921 | 18 259 333 | 5 008 292 | 8 209 041 |
| Income statement | |||||||
| Sales revenue | 24 954 715 | 36 739 161 | 39 609 848 | 39 087 493 | 42 292 151 | 51 910 493 | 65 695 343 |
| Operating profit | 1 161 029 | 3 230 118 | 3 214 392 | 3 139 542 | 2 638 550 | 1 996 958 | 4 326 533 |
| EBITDA | 1 971 793 | 4 030 376 | 4 071 425 | 3 970 184 | 3 426 074 | 2 934 782 | 5 095 498 |
| Profit before income tax | −362 097 | 2 533 460 | 2 321 174 | 1 935 981 | 1 125 412 | 1 219 077 | 3 200 749 |
| Profit for the reporting year | −362 097 | 2 533 460 | 2 321 174 | 1 935 981 | 1 125 412 | 1 219 077 | 3 200 749 |
| Labour costs | 5 875 679 | 5 370 030 | 5 784 771 | 6 638 333 | 6 863 435 | 8 919 198 | 9 741 590 |
| Depreciation of non-current assets | 810 764 | 800 258 | 857 033 | 830 642 | 787 524 | 937 824 | 768 965 |
| Other indicators | |||||||
| Employees | 183 | 157 | 159 | 170 | 161 | 191 | 204 |
| Calculated dividend | — | 0 | 161 412 | 0 | 0 | 14 470 118 | 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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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.