Baltic Works OÜRegistered
Key figures
10 052 247 €+14,5%
Revenue 2025
+7,3%
Average annual growth 2019–2025
Ratios
20256,6%
Profit margin
9,2%
EBITDA margin
81,3%
Equity ratio
4,8×
Current ratio
14,5%
Return on equity
2195 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 4 565 097 € | 38 | 132 619 € |
| Q1 2026 | 3 624 540 € | 37 | 136 945 € |
| Q4 2025 | 4 325 190 € | 37 | 137 883 € |
| Q3 2025 | 4 418 313 € | 37 | 141 232 € |
| Q2 2025 | 3 571 900 € | 39 | 139 423 € |
| Q1 2025 | 3 072 182 € | 38 | 133 380 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 480 000 € (11% of distributable profit).
History
2025480 000 €
2024480 000 €
2023180 000 €
2022200 000 €
2021150 000 €
2020 ~300 000 €
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 | 3 871 429 | 3 590 374 | 4 016 593 | 4 360 856 | 4 677 931 | 4 494 218 | 5 085 963 |
| Total non-current assets | 230 311 | 362 632 | 296 318 | 552 367 | 872 080 | 731 334 | 544 607 |
| Total assets | 4 101 740 | 3 953 006 | 4 312 911 | 4 913 223 | 5 550 011 | 5 225 552 | 5 630 570 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 754 494 | 545 273 | 745 225 | 1 259 954 | 1 272 687 | 832 846 | 1 055 644 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 754 494 | 545 273 | 745 225 | 1 259 954 | 1 272 687 | 832 846 | 1 055 644 |
| Share capital | 2680 | 2680 | 2680 | 2680 | 2680 | 2680 | 2680 |
| Retained earnings of previous periods | 2 908 336 | 3 044 298 | 3 254 785 | 3 364 738 | 3 470 321 | 3 794 376 | 3 909 758 |
| Profit for the year | 435 962 | 360 487 | 309 953 | 285 583 | 804 055 | 595 382 | 662 220 |
| Reserves and other equity | 268 | 268 | 268 | 268 | 268 | 268 | 268 |
| Total equity | 3 347 246 | 3 407 733 | 3 567 686 | 3 653 269 | 4 277 324 | 4 392 706 | 4 574 926 |
| Income statement | |||||||
| Sales revenue | 6 593 258 | 6 265 551 | 7 037 704 | 7 566 721 | 9 265 689 | 8 781 286 | 10 052 247 |
| Operating profit | 528 569 | 409 164 | 333 612 | 316 958 | 816 238 | 682 849 | 787 664 |
| EBITDA | 582 206 | 483 888 | 414 197 | 415 975 | 962 162 | 828 992 | 921 948 |
| Profit before income tax | 531 020 | 409 324 | 334 372 | 318 141 | 833 357 | 699 975 | 797 605 |
| Profit for the reporting year | 435 962 | 360 487 | 309 953 | 285 583 | 804 055 | 595 382 | 662 220 |
| Labour costs | 805 171 | 860 940 | 843 759 | 935 647 | 1 180 135 | 1 241 468 | 1 310 045 |
| Depreciation of non-current assets | 53 637 | 74 724 | 80 585 | 99 017 | 145 924 | 146 143 | 134 284 |
| Other indicators | |||||||
| Employees | 32 | 32 | 33 | 0 | 37 | 37 | 38 |
| Calculated dividend | — | 300 000 | 150 000 | 200 000 | 180 000 | 480 000 | 480 000 |
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.
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