Baltic Logistic Solutions OÜRegistered
Going concern uncertainty. In the 2021 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Qualified audit opinion. 2025 report: Qualified.
Key figures
12 366 747 €−11,8%
Revenue 2025
+5,7%
Average annual growth 2019–2025
Ratios
2025−16,0%
Profit margin
−131,4%
Equity ratio
0,2×
Current ratio
52,6%
Return on equity
1746 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 3 433 558 € | 186 | 502 267 € |
| Q1 2026 | 3 343 501 € | 176 | 516 751 € |
| Q4 2025 | 3 205 603 € | 186 | 554 891 € |
| Q3 2025 | 3 183 399 € | 189 | 579 584 € |
| Q2 2025 | 3 408 469 € | 198 | 609 508 € |
| Q1 2025 | 3 486 892 € | 218 | 585 926 € |
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 | 1 381 911 | 1 158 387 | 2 676 669 | 2 112 207 | 1 814 003 | 2 017 971 | 1 603 836 |
| Total non-current assets | 832 674 | 676 046 | 642 381 | 1 159 154 | 1 405 293 | 1 535 011 | 1 262 447 |
| Total assets | 2 214 585 | 1 834 433 | 3 319 050 | 3 271 361 | 3 219 296 | 3 552 982 | 2 866 283 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 4 916 126 | 6 093 538 | 1 665 001 | 2 225 655 | 3 031 898 | 5 289 066 | 6 601 712 |
| Non-current liabilities | 2601 | 0 | 0 | 1 631 000 | 0 | 51 408 | 31 697 |
| Total liabilities | 4 918 727 | 6 093 538 | 1 665 001 | 3 856 655 | 3 031 898 | 5 340 474 | 6 633 409 |
| Share capital | 20 000 | 20 000 | 25 000 | 25 000 | 25 000 | 25 000 | 25 000 |
| Retained earnings of previous periods | −3 644 921 | −5 920 642 | −7 475 605 | −9 025 131 | −11 264 474 | −12 122 782 | −14 097 672 |
| Profit for the year | −2 275 721 | −1 554 963 | −1 549 526 | −2 239 343 | −858 308 | −1 974 890 | −1 979 634 |
| Reserves and other equity | 3 196 500 | 3 196 500 | 10 654 180 | 10 654 180 | 12 285 180 | 12 285 180 | 12 285 180 |
| Total equity | −2 704 142 | −4 259 105 | 1 654 049 | −585 294 | 187 398 | −1 787 492 | −3 767 126 |
| Income statement | |||||||
| Sales revenue | 8 859 711 | 7 763 712 | 10 856 767 | 12 722 001 | 12 149 753 | 14 025 674 | 12 366 747 |
| Operating profit | −2 246 200 | −1 497 467 | −1 476 385 | −2 225 667 | −776 036 | −1 898 402 | −1 889 990 |
| EBITDA | −1 950 535 | — | −1 208 608 | −1 916 789 | −330 735 | −1 596 186 | — |
| Profit before income tax | −2 275 721 | −1 554 963 | −1 549 526 | −2 239 343 | −858 308 | −1 974 890 | −1 979 634 |
| Profit for the reporting year | −2 275 721 | −1 554 963 | −1 549 526 | −2 239 343 | −858 308 | −1 974 890 | −1 979 634 |
| Labour costs | 2 974 174 | 3 090 611 | 4 135 240 | 4 701 322 | 5 211 759 | 6 411 664 | 5 587 118 |
| Depreciation of non-current assets | 295 665 | — | 267 777 | 308 878 | 445 301 | 302 216 | — |
| Other indicators | |||||||
| Employees | 171 | 142 | 193 | 189 | 190 | 232 | 203 |
| 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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