AS BaltwoodRegistered
Qualified audit opinion. 2025 report: Qualified.
Key figures
8 211 244 €−15,8%
Revenue 2025
+6,3%
Average annual growth 2019–2025
Ratios
202537,7%
Profit margin
42,4%
EBITDA margin
77,6%
Equity ratio
0,8×
Current ratio
8,7%
Return on equity
3846 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 1 976 316 € | 4 | 25 569 € |
| Q1 2026 | 2 721 942 € | 5 | 31 776 € |
| Q4 2025 | 2 931 660 € | 5 | 25 103 € |
| Q3 2025 | 1 561 150 € | 4 | 27 474 € |
| Q2 2025 | 2 054 809 € | 4 | 27 378 € |
| Q1 2025 | 3 086 794 € | 4 | 28 467 € |
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 | 2 438 497 | 2 493 591 | 2 869 430 | 2 735 970 | 2 150 259 | 3 426 215 | 3 072 197 |
| Total non-current assets | 15 181 457 | 17 312 387 | 20 061 213 | 24 786 754 | 36 638 095 | 38 808 497 | 42 951 286 |
| Total assets | 17 619 954 | 19 805 978 | 22 930 643 | 27 522 724 | 38 788 354 | 42 234 712 | 46 023 483 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 2 019 526 | 2 601 639 | 2 583 478 | 4 124 523 | 4 754 126 | 5 004 040 | 3 957 248 |
| Non-current liabilities | 2 340 809 | 1 878 659 | 2 204 040 | 877 869 | 3 759 018 | 4 616 438 | 6 356 389 |
| Total liabilities | 4 360 335 | 4 480 298 | 4 787 518 | 5 002 392 | 8 513 144 | 9 620 478 | 10 313 637 |
| Share capital | 98 560 | 98 560 | 98 560 | 98 560 | 98 560 | 98 560 | 98 560 |
| Retained earnings of previous periods | 10 907 268 | 13 151 217 | 15 217 278 | 18 035 353 | 22 411 930 | 30 166 808 | 32 505 832 |
| Profit for the year | 2 243 949 | 2 066 061 | 2 817 445 | 4 376 577 | 7 754 878 | 2 339 024 | 3 095 612 |
| Reserves and other equity | 9842 | 9842 | 9842 | 9842 | 9842 | 9842 | 9842 |
| Total equity | 13 259 619 | 15 325 680 | 18 143 125 | 22 520 332 | 30 275 210 | 32 614 234 | 35 709 846 |
| Income statement | |||||||
| Sales revenue | 5 697 165 | 5 689 232 | 9 685 711 | 14 112 894 | 10 574 932 | 9 748 725 | 8 211 244 |
| Operating profit | 2 100 009 | 769 217 | 2 817 819 | 4 396 804 | 8 066 330 | 2 745 469 | 3 465 400 |
| EBITDA | 2 131 293 | 809 923 | 2 864 140 | 4 425 060 | 8 089 275 | 2 764 761 | 3 480 136 |
| Profit before income tax | 2 248 734 | 2 066 061 | 2 817 445 | 4 376 577 | 7 754 878 | 2 339 024 | 3 095 612 |
| Profit for the reporting year | 2 243 949 | 2 066 061 | 2 817 445 | 4 376 577 | 7 754 878 | 2 339 024 | 3 095 612 |
| Labour costs | 113 294 | 148 710 | 145 510 | 111 805 | 181 719 | 230 282 | 253 034 |
| Depreciation of non-current assets | 31 284 | 40 706 | 46 321 | 28 256 | 22 945 | 19 292 | 14 736 |
| Other indicators | |||||||
| Employees | 23 | 4 | 4 | 3 | 4 | 4 | 4 |
| 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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Source: e-Business Register (RIK). Files open/download directly from the official register.
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