Grind Fibers OÜRegistered
Annual report for 2025 not filed.
Going concern uncertainty. In the 2023 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Qualified audit opinion. 2024 report: Qualified.
Key figures
5 514 171 €+24,8%
Revenue 2024
+10,1%
Average annual growth 2019–2024
Ratios
20241,8%
Profit margin
2,7%
EBITDA margin
28,7%
Equity ratio
1,1×
Current ratio
11,7%
Return on equity
830 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 764 459 € | 1 | 1089 € |
| Q1 2026 | 780 144 € | 1 | 1064 € |
| Q4 2025 | 1 136 349 € | 1 | 1085 € |
| Q3 2025 | 1 178 632 € | 1 | 1127 € |
| Q2 2025 | 1 864 258 € | 1 | 1085 € |
| Q1 2025 | 1 529 802 € | 1 | 3926 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2024
No dividends were distributed.
History
20240 €
20230 €
20220 €
2021 ~81 912 €
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 | 540 199 | 1 726 218 | 3 819 747 | 2 694 998 | 1 673 038 | 1 533 340 |
| Total non-current assets | — | 17 628 | 84 104 | 86 355 | 973 583 | 1 377 028 |
| Total assets | 540 199 | 1 743 846 | 3 903 851 | 2 781 353 | 2 646 621 | 2 910 368 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 313 152 | 1 155 463 | 2 635 139 | 1 289 524 | 1 555 540 | 1 420 298 |
| Non-current liabilities | 200 000 | 450 000 | 471 979 | 828 923 | 703 108 | 654 793 |
| Total liabilities | 513 152 | 1 605 463 | 3 107 118 | 2 118 447 | 2 258 648 | 2 075 091 |
| Share capital | 2500 | 10 000 | 10 000 | 10 000 | 10 000 | 11 000 |
| Retained earnings of previous periods | 12 201 | 27 048 | 46 471 | 786 733 | 652 906 | 377 973 |
| Profit for the year | 14 846 | 101 335 | 740 262 | −133 827 | −274 933 | 97 554 |
| Reserves and other equity | −2500 | — | — | — | — | 348 750 |
| Total equity | 27 047 | 138 383 | 796 733 | 662 906 | 387 973 | 835 277 |
| Income statement | ||||||
| Sales revenue | 3 407 768 | 7 332 962 | 16 163 164 | 10 715 837 | 4 419 885 | 5 514 171 |
| Operating profit | 34 535 | 124 382 | 802 850 | −120 075 | −744 819 | 109 593 |
| EBITDA | — | — | 821 058 | −88 917 | −705 025 | 147 840 |
| Profit before income tax | 14 846 | 101 335 | 764 634 | −131 463 | −273 296 | 98 342 |
| Profit for the reporting year | 14 846 | 101 335 | 740 262 | −133 827 | −274 933 | 97 554 |
| Labour costs | 132 087 | 346 004 | 552 628 | 1 028 369 | 743 093 | 541 410 |
| Depreciation of non-current assets | — | — | 18 208 | 31 158 | 39 794 | 38 247 |
| Other indicators | ||||||
| Employees | 16 | 17 | 0 | 0 | 5 | 23 |
| Calculated dividend | — | 0 | 81 912 | 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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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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