Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

The Vilnius city municipality-owned company “ID Vilnius” provides GIS (Geographic Information System) support and maintenance, city map digitization, drone-based inspections, and data management services. The company’s activities include not only the development and maintenance of advanced data analysis solutions but also the application of autonomous drone technologies for monitoring and maintaining urban infrastructure.

“ID Vilnius” aims to become the capital’s technology competence center, integrating digital solutions into city management. The company’s goal is to equip urban planners with smart technologies that enable data-driven decision-making, optimize urban processes, and ensure efficient city development.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 6,458 8,155 8,059 10,078
Cost of goods sold 4,394 5,443 6,161 7,030
Gross profit (loss) 2,064 2,712 1,898 3,047
Gross profit margin 32% 33% 24% 30%
Operating expenses 1,320 1,636 2,094 2,386
Operating profit (loss) 730 1,059 -196 662
Operating profit margin 11% 13% -2% 7%
EBITDA 792 1,137 211 1,146
EBITDA margin 12% 14% 3% 11%
Net profit (loss) 590 866 -254 536
Net profit margin 9% 11% -3% 5%

Balance sheet

2021 2022 2023 2024
Non-current assets 167 199 1,483 1,145
Intangible assets 86 76 48 28
Tangible assets 29 72 1,384 1,057
Financial assets 49 49 49 49
Other non-current assets 3 1 1 11
Current assets 2,860 3,801 3,190 4,287
Inventories and prepaid expenses 1 16 18 9
Accounts receivable in one year 705 380 922 1,997
Other current assets
Cash and cash equivalents 2,155 3,406 2,250 2,281
Total assets 3,285 4,568 5,053 5,629
Equity 1,899 2,861 1,608 2,144
Grants and subsidies 0 447 623
Liabilities 1,350 1,661 2,849 2,772
Financial liabilities 0 0 343 323
Long-term liabilities 932 667
Short-term liabilities 1,350 1,661 1,918 2,105
Equity and liabilities 3,285 4,568 5,053 5,629

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) 19% 22% -5% 10%
Return on equity (ROE) 35% 36% -11% 29%
Return on capital employed (ROCE) 38% 37% -8% 24%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.07 0.06
Current Ratio 2.12 2.29 1.66 2.04
Quick ratio 2.12 2.28 1.65 2.03
Turnover ratios
Asset turnover 1.97 1.79 1.59 1.79
Fixed asset turnover 38.67 40.92 5.43 8.80
Equity turnover 3.40 2.85 5.01 4.70
Profitability ratios
EBITDA margin 12% 14% 3% 11%
Operating profit margin 11% 13% -2% 7%
Net profit margin 9% 11% -3% 5%
Other ratios
Dividends to the Municipality 0.00 1,000.00 0.00 0.00
Dividends paid / net profit 0.00 1.16 0.00 0.00

Expectations of the municipal

About the company

  • Official nameUAB „ID Vilnius“
  • Legal formPrivate limited liability company (UAB)
  • Company code123615345
  • SectorOther
  • Line of businessData management, digitization
  • Representing institutionVilnius city municipality
  • Share belonging to the Municipal100%
  • Contacts https://idvilnius.lt/
ROE

28.6%

Number of employees

145

Financial data provided as at end-December 2024

Management

  • Vaidas PaulauskisChief Executive Officer

Information as of: 2025/06/01