Feb 20 • 11:27 UTC 🇱🇹 Lithuania Lrytas

Financial Troubles for the Company Managing Well-Known Bars in Vilnius and Klaipeda: Bankruptcy Looms

The financial report highlights the impending bankruptcy risk facing the company 'Sėkmės tiltas,' which manages popular bars in Lithuania, due to significant debts and liquidity issues.

The company 'Sėkmės tiltas,' which operates well-known bars in Vilnius and Klaipeda, is facing serious financial troubles that may lead to bankruptcy. According to a report by 'Juris LT,' the company has outstanding debts of 9,035.31 euros to the Social Insurance Fund and 4,785.74 euros to the State Tax Inspectorate. With an average debt duration of 93 days, these figures raise alarms about the company's financial health as it struggles to meet its obligations.

In 2024, 'Sėkmės tiltas' reported revenues of 799,647 euros, but the current liquidity ratio stands at only 0.56, significantly below the industry average of 1.31. This financial situation is exacerbated by a reported pre-tax profitability of -10.87% and a negative equity-to-asset ratio of -8.43%. Such metrics indicate not only a lack of liquidity but also a failure to cover short-term liabilities adequately, raising serious concerns about the company's sustainability.

The situation is further complicated by delays from freight operations in Belarus, suggesting that bankruptcy may be unavoidable unless there are interventions. Stakeholders are urged to consider the implications of these financial struggles, as the company's ability to recover will depend on a significant improvement in financial management and support from external sources.

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