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Financial statements from Lithuania

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Extracts from foreign commercial registers and accounting statements
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Valentina Astashova
Valentina Astashova
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Extracts from commercial register of Lithuania

  • Financial statements from Lithuania
Extracts from commercial register of Lithuania


Schmidt & Schmidt offers financial statements from Lithuania in electronic form and their translations into English.

According to law, most companies in Lithuania must submit annual financial statements.

These data are reported in electronic form or in paper, or in paper by post. Depending on the company’s revenue, balance, number of employees and nature of business the law requires different amounts of data to be published.

Reporting of financial statements in Lithuania is subject to the Accounting Act.

National accounting standards in Lithuania are based on the IFRS, but are more detailed. Companies participating in stock exchange are obliged to use the IFRS only.

Financial statements in Lithuania are filed to the register center (Registrų centras).

Filing of full financial statements is mandatory for large and medium-sized companies. These are companies fulfilling following criteria:

  • Sales revenue at least 2.9 million euro
  • Balance at least 1.8 million euro
  • Average number of employees at least 15 persons

Companies which do not fulfill these criteria are considered small and can compile their financial statements in a simplified form (short balance, short profit and loss report, equity statement and short notes).

Financial statements must be filed within four months and 30 days after the end of the financial year (four months are provided for an approval of the financial statement by the shareholders’ meeting, and 30 days – for its filing). Delayed filing are penalized.

Full annual financial statement includes:

  • Balance sheet
  • Profit and loss report
  • Cash flow statement
  • Equity statement
  • Notes

An example of a financial statement from Lithuania.

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.

Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.

Financial statements are provided by the trade register and can be obtained upon personal request or using a special online service (available in Lithuanian language only).

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.

To obtain financial statements of a specific company, its full name and registration number are required.

Financial statements from the trade register are public, but are provided for a fee.

Financial statements are provided in accordance with the Lithuanian legislation and legal requirements on personal data protection.

Requests are proceeded within one working day.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.


Service Price incl. German VAT 19% Price excl. VAT
Price for a financial statement from Lithuania from 47,60 € from 40,00 €
Price for the translation of a financial statement from Lithuania from 59,50 € from 50,00 €

Customer reviews

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Sam…

5Star

26 July 2022

I needed an apostille in Sweden for delivery to USA. The service was prompt and efficient. It isn´t cheap, but it gets the job done and since time is money, it was well worth it for me!

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Lis…

5Star

16 July 2022

Thank you very much for such a speedy processing of our request. Highly recommended!!!

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Mar…

5Star

06 July 2022

I have contacted Schmidt&Schmidt for an issue regarding the certification of notary acts and apostilles to be put between two countries difficult to deal with in terms of administrative traditions. I got an answer a few hours later advising me in great details what they thought would be my options while also telling me that on this case they were not sure to be able to help more. They didn’t ask me any fees for it although their advices were of great quality and help. They were swift, professional and kind. I strongly recommend this firm for any issues regarding international certifications of notary acts and possibly much more.

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What is a commercial register?

In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.

Should you wish to check the sincerity of your foreign business partner’s request, Schmidt&Schmidt will gladly assist you.

We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.

Apostille and consular Legalization of foreign documents

Apostille and legalization

All documents have to be legalized for use abroad. The Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents unites 115 countries of the world and allows the simplified legalization procedure in the form of apostilling. Documents certified with an apostille gain legal force in all Convention member states after certified translation.

Today there are 115 countries that have ratified the Convention. Schmidt & Schmidt offers help with legalization and apostilling of official documents, that might be needed in courts or for notaries.

Order an apostille!
Certified translation

Certified translation

When foreign documents have to be presented to local authorities, a certified translation is required. These documents therefore must be translated and signed by a sworn translator and then certified by a notary, court or any other authority.

We work with qualified sworn translators and offer you certified translations of various documents such as contracts, extracts from commercial registers, court decisions and certificates into various languages.

The certified translations we offer will be recognized in more than 100 countries.

Order a certified translation!

Why clients choose us:

Electronic extract

Within 24 hours after payment you will receive an email containing an electronic extract in PDF

No subscription

You can order without registration and subscription

Quick processing of orders

We handle client's needs individually and process the requests quickly

Convenient payment options

You can pay via bank transaction, PayPal or Credit Card.

Proper invoicing

You will receive all closing documents required for VAT accounting, such as invoices and certificates of completion.

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News

The standards and customs tariff numbers are replaced in the list of products subject to EAC conformity confirmation
The standards and customs tariff numbers are replaced in the list of products subject to EAC conformity confirmation

On July 20, 2022, the text of Decree No. 105 of July 13, 2022 “On changes to the unified list of products subject to mandatory EAC conformity assessment” was published.

Aliya Zamaleeva
11 August 2022
Senegal has joined the Apostille Convention
Senegal has joined the Apostille Convention

On July 22, 2022, the Hague Conference on Private International Law issued a press release stating that Senegal deposited an instrument of accession to the Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents.

Aliya Zamaleeva
25 July 2022
Extended list of products not subject to the simplified declaration of conformity
Extended list of products not subject to the simplified declaration of conformity

This completes the list of products that are not subject to the simplified EAC conformity assessment procedure, which is set by the Government Decree No. 353.

Aliya Zamaleeva
20 July 2022
The decision on the electronic apostille has come into force in Russia
The decision on the electronic apostille has come into force in Russia

According to the Decree of the Government of the Russian Federation, applications for affixing an electronic apostille can be sent in accordance with the legislation of the competent authorities, including through the website gosuslugi.ru. The application form is determined by the Ministry of Justice of the Russian Federation.

Aliya Zamaleeva
18 July 2022

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Preliminary extract from a foreign commercial register

All personal Data of the user are stored exclusively for the purpose of request processing as well as in case that further inquiry is needed. By signing this consent form, I confirm that pursuant to the provision of GDPR, Schmidt & Schmidt may process my personal data for the purposes of fullfilment my order. The consent is revocable at any time under contact@schmidt-export.com, which leads to a deletion of the collected user data. The data will only be stored as long as they are needed for the purpose mentioned.

We are obliged to advise you that your data may be forwarded outside the country of your habitual residence. This happens solely to fulfil the duties of the contractual relationship. We cannot guarantee for the same legal prerequisites regarding data protection to apply in the third-party country, but we will always treat your personal data with the necessary care and respect.

For more information see our Privacy Policy.

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