Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Kelmės vietinis ūkis was established on the 31th of December, 1997. The company’s main activities are administration of common use buildings, systems and roads maintenance and repair, operation of gravel and sand quarries, administration of multi-apartment building reconstruction program, waste management and ecology business, territory maintenance and cleaning services.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 1,367 1,436 1,514 1,714
Cost of goods sold 1,270 1,373 1,292 1,394
Gross profit (loss) 98 64 223 319
Gross profit margin 7% 4% 15% 19%
Operating expenses 289 302 317 392
Operating profit (loss) -192 -238 -94 -73
Operating profit margin -14% -17% -6% -4%
EBITDA 76 65 206 210
EBITDA margin 6% 5% 14% 12%
Net profit (loss) -89 -104 32 54
Net profit margin -7% -7% 2% 3%

Balance sheet

2021 2022 2023 2024
Non-current assets 1,763 1,617 1,720 1,781
Intangible assets 7 3 6 3
Tangible assets 1,756 1,601 1,714 1,777
Financial assets 14
Other non-current assets
Current assets 628 615 678 739
Inventories and prepaid expenses 40 41 39 31
Accounts receivable in one year 256 267 250 309
Other current assets 12 9 17
Cash and cash equivalents 320 298 389 383
Total assets 2,391 2,233 2,406 2,520
Equity 1,908 1,805 1,837 1,891
Grants and subsidies 7 1 11 8
Liabilities 476 427 559 621
Financial liabilities 0 0 115 84
Long-term liabilities 115 84
Short-term liabilities 476 427 444 537
Equity and liabilities 2,391 2,233 2,406 2,520

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) -4% -4% 1% 2%
Return on equity (ROE) -5% -6% 2% 3%
Return on capital employed (ROCE) -10% -13% -5% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.05 0.03
Current Ratio 1.32 1.44 1.53 1.38
Quick ratio 1.24 1.34 1.44 1.32
Turnover ratios
Asset turnover 0.57 0.64 0.63 0.68
Fixed asset turnover 0.78 0.89 0.88 0.96
Equity turnover 0.72 0.80 0.82 0.91
Profitability ratios
EBITDA margin 6% 5% 14% 12%
Operating profit margin -14% -17% -6% -4%
Net profit margin -7% -7% 2% 3%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

Expectations of the municipal

About the company

  • Official nameUAB Kelmės vietinis ūkis
  • Legal formPrivate limited liability company (UAB)
  • Company code162732556
  • SectorThe sector of the provision of multifunctional services
  • Line of businessApartment management
  • Representing institutionKelmė district municipality
  • Share belonging to the Municipal100%
  • Contacts https://kvu.lt/
ROE

2.9%

Number of employees

58

Financial data provided as at end-December 2024

Management

  • Kęstutis StulpinasChief Executive Officer

Information as of: 2025/06/01