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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

SOIL REMEDIATION TECHNOLOGIES is a public agency, established in 1997 by the Ministry of Environment of the Republic of Lithuania. Agency’s objectives – to meet public interests in the development of soil, soil water and water basins polluted with organic substances cleaning; development and improvement of remediation technologies; propagation of prevention measures against pollution.

Financial results

P/L Statment

Revenue 386
Cost of goods sold 329
Gross profit (loss) 57
Gross profit margin %
Operating expenses 103
Operating profit (loss) -46
Operating profit margin %
EBITDA margin 3%
Net profit (loss) -48
Net profit margin -12%

Balance sheet

Non-current assets 1,304
Intangible assets 10
Tangible assets 1,294
Financial assets
Other non-current assets
Current assets 2,547
Inventories and prepaid expenses 17
Accounts receivable in one year 785
Other current assets
Cash and cash equivalents 1,746
Total assets 3,856
Equity 2,063
Grants and subsidies
Liabilities 129
Financial liabilities
Long-term liabilities
Short-term liabilities 129
Equity and liabilities 3,856

Financial ratios

Capital return ratios
Return on assets (ROA) -2%
Return on equity (ROE) -5%
Return on capital employed (ROCE) -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 19.82
Quick ratio 19.69
Turnover ratios
Asset turnover 0.20
Fixed asset turnover 0.59
Equity turnover 0.37
Profitability ratios
EBITDA margin 3%
Operating profit margin %
Net profit margin -12%
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameUAB "GVT LT"
  • Legal formPrivate limited liability company (UAB)
  • Company code305894308
  • SectorOther
  • Line of businessSatisfy interests in the development of public land, soil and water bodies, restoration works of natural resources, experimental development, creating and improving environmental cleaning technologies and tools.
  • Institution representing the StateMinistry of Environment
  • Share belonging to the State100%


Number of employees


Financial data provided as at end-December 2021


  • Spartakas Petrovas Director General

Information as of: 2022/11/01