Visagino būstas
UAB “Visagino Būstas” was established in July 1995 after the re-registration of the state-owned housing company as a special-purpose private limited company. The main activity of the company is the administration and maintenance (operation) of Visaginas city apartment buildings, municipal waste management and operation of surface wastewater networks.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,405 | 2,240 | 2,592 | 3,053 |
| Cost of goods sold | 1,949 | 1,977 | 1,999 | 2,434 |
| Gross profit (loss) | 456 | 264 | 593 | 619 |
| Gross profit margin | 19% | 12% | 23% | 20% |
| Operating expenses | 338 | 368 | 368 | 412 |
| Operating profit (loss) | -64 | -304 | 43 | 0 |
| Operating profit margin | -3% | -14% | 2% | -0% |
| EBITDA | 116 | -125 | 224 | 204 |
| EBITDA margin | 5% | -6% | 9% | 7% |
| Net profit (loss) | 17 | -224 | 106 | 113 |
| Net profit margin | 1% | -10% | 4% | 4% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 1,225 | 1,162 | 1,095 | 1,279 |
| Intangible assets | 5 | 17 | 10 | 4 |
| Tangible assets | 1,156 | 1,082 | 1,023 | 1,208 |
| Financial assets | ||||
| Other non-current assets | 64 | 63 | 62 | 67 |
| Current assets | 3,319 | 3,101 | 3,299 | 3,178 |
| Inventories and prepaid expenses | 127 | 143 | 130 | 145 |
| Accounts receivable in one year | 733 | 641 | 420 | 490 |
| Other current assets | 403 | 600 | 1,400 | 1,801 |
| Cash and cash equivalents | 2,057 | 1,717 | 1,350 | 742 |
| Total assets | 4,550 | 4,270 | 4,414 | 4,530 |
| Equity | 2,698 | 2,475 | 2,593 | 2,696 |
| Grants and subsidies | 645 | 663 | 660 | 658 |
| Liabilities | 1,204 | 1,126 | 1,145 | 1,123 |
| Financial liabilities | 0 | 0 | 0 | 0 |
| Long-term liabilities | ||||
| Short-term liabilities | 1,204 | 1,126 | 1,145 | 1,123 |
| Equity and liabilities | 4,550 | 4,270 | 4,414 | 4,530 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | -5% | 2% | 3% |
| Return on equity (ROE) | 1% | -9% | 4% | 4% |
| Return on capital employed (ROCE) | -2% | -12% | 2% | -0% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Ratio | 2.76 | 2.75 | 2.88 | 2.83 |
| Quick ratio | 2.65 | 2.63 | 2.77 | 2.70 |
| Turnover ratios | ||||
| Asset turnover | 0.53 | 0.52 | 0.59 | 0.67 |
| Fixed asset turnover | 1.96 | 1.93 | 2.37 | 2.39 |
| Equity turnover | 0.89 | 0.91 | 1.00 | 1.13 |
| Profitability ratios | ||||
| EBITDA margin | 5% | -6% | 9% | 7% |
| Operating profit margin | -3% | -14% | 2% | -0% |
| Net profit margin | 1% | -10% | 4% | 4% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 10.00 | 20.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.09 | 0.18 |
Expectations of the municipal
About the company
- Official nameUAB „Visagino būstas“
- Legal formPrivate limited liability company (UAB)
- Company code155498117
- SectorOther
- Line of businessApartment management
- Representing institutionVisaginas municipality
- Share belonging to the Municipal100%
Return to the Municipality
20 EUR thousand
ROE
4.3%
Number of employees
139
Financial data provided as at end-December 2023
Management
- Vytautas ŠlaustasChief Executive Officer
Information as of: 2024/04/30
