Baltholding OÜRegistered
Going concern uncertainty. In the 2024 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Qualified audit opinion. 2025 report: Adverse.
Key figures
5 742 124 €−34,9%
Revenue 2025
−21,6%
Average annual change 2019–2025
Ratios
2025−0,5%
Profit margin
−0,0%
EBITDA margin
19,9%
Equity ratio
0,4×
Current ratio
−1,8%
Return on equity
1774 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 331 850 € | 5 | 13 746 € |
| Q1 2026 | 355 761 € | 5 | 13 716 € |
| Q4 2025 | 589 038 € | 5 | 17 143 € |
| Q3 2025 | 549 966 € | 5 | 16 048 € |
| Q2 2025 | 677 370 € | 5 | 19 452 € |
| Q1 2025 | 224 268 € | 5 | 16 166 € |
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 | 5 322 444 | 4 312 065 | 5 796 964 | 5 255 249 | 4 293 313 | 3 427 669 | 2 418 543 |
| Total non-current assets | 8 771 185 | 8 367 761 | 6 770 154 | 7 623 529 | 8 495 060 | 5 544 937 | 5 247 242 |
| Total assets | 14 093 629 | 12 679 826 | 12 567 118 | 12 878 778 | 12 788 373 | 8 972 606 | 7 665 785 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 5 365 950 | 5 682 321 | 6 708 654 | 5 852 187 | 5 687 033 | 7 286 838 | 6 007 597 |
| Non-current liabilities | 1 661 750 | 1 349 250 | 130 500 | 1 230 500 | 1 230 500 | 130 500 | 130 500 |
| Total liabilities | 7 027 700 | 7 031 571 | 6 839 154 | 7 082 687 | 6 917 533 | 7 417 338 | 6 138 097 |
| Share capital | 2508 | 2508 | 2508 | 2508 | 2508 | 2508 | 2508 |
| Retained earnings of previous periods | 7 827 031 | 7 063 421 | 5 645 747 | 5 725 456 | 5 793 583 | 5 868 332 | 1 552 759 |
| Profit for the year | −763 610 | −1 417 674 | 79 709 | 68 127 | 74 749 | −4 315 572 | −27 579 |
| Total equity | 7 065 929 | 5 648 255 | 5 727 964 | 5 796 091 | 5 870 840 | 1 555 268 | 1 527 688 |
| Income statement | |||||||
| Sales revenue | 24 767 827 | 18 146 880 | 25 309 813 | 13 656 841 | 11 262 156 | 8 825 514 | 5 742 124 |
| Operating profit | −48 980 | −1 033 231 | 37 218 | −33 485 | 25 700 | −4 397 140 | −98 629 |
| EBITDA | −31 696 | −1 018 686 | 62 672 | −33 485 | 99 394 | −4 245 949 | −250 |
| Profit before income tax | −763 610 | −1 417 674 | 79 709 | 68 127 | 74 749 | −4 315 572 | −27 579 |
| Profit for the reporting year | −763 610 | −1 417 674 | 79 709 | 68 127 | 74 749 | −4 315 572 | −27 579 |
| Labour costs | 27 463 | 71 660 | 57 181 | 51 108 | 53 876 | 74 383 | 164 313 |
| Depreciation of non-current assets | 17 284 | 14 545 | 25 454 | 0 | 73 694 | 151 191 | 98 379 |
| Other indicators | |||||||
| Employees | 3 | 4 | 4 | 3 | 3 | 3 | 5 |
| 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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