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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Professional & Business Services — Audit & Accounting. Per the activity note to the FY2024 annual report, the company provides audit, accounting, tax, business consulting, and legal services. Founded on 27 January 2011. Located in Batumi.
| Ratio | 2022 | 2023 | 2024 |
|---|---|---|---|
| Margins | |||
| Gross Margin | 100.0% | 100.0% | 100.0% |
| EBITDA Margin | -2.0% | 2.5% | 5.3% |
| EBITDAR | -29 | 49 | 146 |
| EBITDAR Margin | -2.0% | 2.5% | 5.3% |
| EBIT Margin | -4.3% | 1.6% | 4.6% |
| Net Profit Margin | -2.4% | -5.3% | -1.0% |
| Operating Expense % of Sales | 102.0% | 97.5% | 94.7% |
| Returns | |||
| Return on Assets (ROA) | -3.1% | -5.1% | -1.4% |
| Return on Equity (ROE) | -28.7% | -492.5% | N/A |
| ROIC [EBIT / Invested Capital] | -6.1% | 1.9% | 7.6% |
| Leverage & debt balances | |||
| Debt-to-Assets | 82.4% | 88.2% | 85.3% |
| Debt-to-Equity | 7.55x | 85.08x | -241.42x |
| Debt-to-EBITDA | N/A | 36.23x | 11.84x |
| Equity-to-Assets | 10.9% | 1.0% | -0.4% |
| Net Debt | 917 | 1,678 | 1,689 |
| Cash & Equivalents | 23 | 111 | 45 |
| Total Debt | 941 | 1,789 | 1,734 |
| Liquidity & working capital | |||
| Current Ratio | 4.14x | 1.72x | 1.82x |
| Quick Ratio | 4.14x | 1.72x | 1.82x |
| Cash Ratio | 0.15x | 0.51x | 0.22x |
| Total Current Assets | 667 | 377 | 375 |
| Total Current Liabilities | 161 | 220 | 206 |
| Inventory | N/A | N/A | N/A |
| Trade Receivables | 174 | 253 | 325 |
| Trade Payables | 13 | 44 | 29 |
| Net Working Capital | 506 | 158 | 169 |
| Net Working Capital % of Revenue | 34.0% | 8.0% | 6.1% |
| Trade Working Capital | 162 | 209 | 296 |
| Trade Working Capital % of Revenue | 10.8% | 10.6% | 10.7% |
| Change in Trade Working Capital | N/A | 47 | 87 |
| Turnover & efficiency | |||
| Inventory Turnover | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A |
| Receivables Turnover | 8.56x | 7.78x | 8.54x |
| Days Sales Outstanding (DSO) | 42.6 | 46.9 | 42.7 |
| Payables Turnover | N/A | N/A | N/A |
| Days Payable Outstanding (DPO) | N/A | N/A | N/A |
| Cash Conversion Cycle | 42.6 days | 46.9 days | 42.7 days |
| Asset Turnover | 1.31x | 0.97x | 1.36x |
| Cash flow & dividends | |||
| Operating Cash Flow | -209 | -1,105 | 145 |
| Free Cash Flow (OCF − Capex proxy) | 72 | 180 | 39 |
| Cash Conversion (OCF / EBITDA) | N/A | -2236.9% | 99.2% |
| Dividends Declared | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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