Belief Water OÜRegistered
Annual report for 2025 not filed.
Key figures
4 131 599 €+30,0%
Revenue 2024
+71,0%
Average annual growth 2019–2024
Ratios
20247,8%
Profit margin
8,1%
EBITDA margin
80,6%
Equity ratio
5,1×
Current ratio
20,2%
Return on equity
2327 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 1 832 263 € | 7 | 26 049 € |
| Q1 2026 | 2 011 141 € | 6 | 24 912 € |
| Q4 2025 | 1 146 963 € | 6 | 18 179 € |
| Q3 2025 | 1 309 201 € | 5 | 18 365 € |
| Q2 2025 | 1 311 383 € | 5 | 13 990 € |
| Q1 2025 | 997 605 € | 4 | 12 709 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2024
Distributed as dividends 13 135 € (4% of distributable profit).
History
202413 135 €
20230 €
20220 €
20210 €
20200 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 333 015 | 296 199 | 858 753 | 838 780 | 1 270 032 | 1 691 793 |
| Total non-current assets | 30 091 | 27 529 | 26 008 | 201 950 | 301 972 | 285 167 |
| Total assets | 363 106 | 323 728 | 884 761 | 1 040 730 | 1 572 004 | 1 976 960 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 67 623 | 102 066 | 123 269 | 160 825 | 226 368 | 331 355 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 60 674 | 52 440 |
| Total liabilities | 67 623 | 102 066 | 123 269 | 160 825 | 287 042 | 383 795 |
| Share capital | 9254 | 9254 | 10 261 | 10 261 | 10 261 | 10 261 |
| Retained earnings of previous periods | −90 248 | −140 102 | −213 937 | −152 983 | −34 570 | 357 352 |
| Profit for the year | −49 868 | −73 835 | 60 954 | 118 413 | 405 057 | 321 338 |
| Reserves and other equity | 426 345 | 426 345 | 904 214 | 904 214 | 904 214 | 904 214 |
| Total equity | 295 483 | 221 662 | 761 492 | 879 905 | 1 284 962 | 1 593 165 |
| Income statement | ||||||
| Sales revenue | 282 843 | 493 504 | 1 154 136 | 2 010 575 | 3 179 145 | 4 131 599 |
| Operating profit | −49 868 | −76 675 | 62 454 | 131 628 | 391 679 | 312 423 |
| EBITDA | −45 553 | −70 426 | 69 381 | 142 499 | 410 791 | 335 756 |
| Profit before income tax | −49 868 | −73 835 | 60 954 | 118 413 | 405 057 | 321 338 |
| Profit for the reporting year | −49 868 | −73 835 | 60 954 | 118 413 | 405 057 | 321 338 |
| Labour costs | 49 074 | 58 157 | 75 114 | 99 847 | 113 267 | 128 568 |
| Depreciation of non-current assets | 4315 | 6249 | 6927 | 10 871 | 19 112 | 23 333 |
| Other indicators | ||||||
| Employees | 2 | 3 | 3 | 3 | 4 | 3 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 13 135 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Connections graph
There are too many connections to show clearly as a graph (138 nodes). All connections are listed in the “Related people” card.
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.