Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

In 1965, the company was granted the title of Utility Combine. In 1991, the plant was renamed into Mažeikiai State Utility Company, and in 1995, the company’s assets were promoted and it became a Special Purpose Company. UAB „Mažeikių komunalinis ūkis“ is a company that has been providing various utility services to the residents of Mažeikiai district for more than 50 years. Having started its activity under the name “pramkombinatas”, it was later renamed the Local Economic Board under the District Executive Committee.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 1,520 1,647 2,033 2,027
Cost of goods sold 1,258 1,468 1,683 1,597
Gross profit (loss) 263 179 351 430
Gross profit margin 17% 11% 17% 21%
Operating expenses 167 201 213 234
Operating profit (loss) 96 -22 138 196
Operating profit margin 6% -1% 7% 10%
EBITDA 219 100 264 331
EBITDA margin 14% 6% 13% 16%
Net profit (loss) 87 -14 114 172
Net profit margin 6% -1% 6% 8%

Balance sheet

2021 2022 2023 2024
Non-current assets 651 652 578 633
Intangible assets 10
Tangible assets 651 652 578 621
Financial assets
Other non-current assets 2
Current assets 573 583 808 894
Inventories and prepaid expenses 8 7 7 11
Accounts receivable in one year 224 325 358 272
Other current assets
Cash and cash equivalents 342 251 443 611
Total assets 1,229 1,239 1,394 1,536
Equity 1,098 1,084 1,199 1,368
Grants and subsidies
Liabilities 131 155 195 168
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 131 155 195 168
Equity and liabilities 1,229 1,239 1,394 1,536

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) 7% -1% 9% 12%
Return on equity (ROE) 8% -1% 10% 13%
Return on capital employed (ROCE) 9% -2% 11% 14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 4.38 3.77 4.15 5.34
Quick ratio 4.32 3.73 4.11 5.27
Turnover ratios
Asset turnover 1.24 1.33 1.46 1.32
Fixed asset turnover 2.34 2.52 3.52 3.21
Equity turnover 1.38 1.52 1.70 1.48
Profitability ratios
EBITDA margin 14% 6% 13% 16%
Operating profit margin 6% -1% 7% 10%
Net profit margin 6% -1% 6% 8%
Other ratios
Dividends to the Municipality 0.00 0.00 2.37 0.00
Dividends paid / net profit 0.00 0.00 0.02 0.00

Expectations of the municipal

About the company

  • Official nameUAB „Mažeikių komunalinis ūkis“
  • Legal formPrivate limited liability company (UAB)
  • Company code166445258
  • SectorWaste and environmental management
  • Line of businessWaste disposal services
  • Representing institutionMažeikiai district municipality
  • Share belonging to the Municipal91.3%
  • Contacts https://mku.lt/lt
ROE

13.4%

Number of employees

56

Financial data provided as at end-December 2024

Management

  • Marius VisminasChief Executive Officer

Information as of: 2025/06/01