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LiqTech International (LIQT)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
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LiqTech International Balance Sheet 2025-2009 | LIQT
Brief overview of LiqTech International's assets and capital
The comparison uses five available annual reports from the 2021–2025 interval.
The asset base decreased -39.5%, from $45.1 million to $27.3 million. Resources became smaller over the five periods.
Liability growth of -47.6% trailed asset growth of -39.5%. The funding structure became more resilient.
Equity represents 38.2% of assets versus 28.4% initially. The capital structure appears balanced.
Net debt moved below zero to -$2.9 million, reflecting surplus cash over debt.
Retained earnings are negative at -$94.8 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Balance sheet takeaway
Taken together, the figures indicate acceptable resilience for LiqTech International. The next assessment depends on debt and equity trends.
Annual Balance Sheet LiqTech International
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-2.94 M | - | -7.01 M | - | - | -12.9 M | -6.86 M | -3.76 M | -2.46 M | -1.06 M | -1.05 M | -5.31 M | -4.12 M | -2.94 M | 5.12 M | - | - |
Long Term Debt |
1.42 M | 1.6 M | 2.88 M | 2.38 M | 2.5 M | - | 172 K | - | - | 134 K | 166 K | 369 K | 550 K | 730 K | 1.3 M | - | - |
Long Term Debt Current |
714 K | 544 K | 531 K | 561 K | 847 K | 1.03 M | 1 M | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
12.2 M | 10.9 M | 11.2 M | 10.7 M | 15.4 M | - | 5.25 M | - | - | 134 K | 166 K | 385 K | 580 K | 760 K | 1.99 M | 1.81 M | - |
Total Current Liabilities |
4.72 M | 4.9 M | 7.5 M | 6.09 M | 16.9 M | 9.81 M | 10.3 M | 4.62 M | 4.77 M | 5.01 M | 5.34 M | 4.09 M | 4.55 M | 3.76 M | 9.28 M | 3.08 M | - |
Total Liabilities |
16.9 M | 15.8 M | 18.7 M | 16.8 M | 32.3 M | 7.58 M | 15.6 M | 4.62 M | 4.77 M | 5.14 M | 5.51 M | 4.48 M | 5.13 M | 4.52 M | 11.5 M | 4.89 M | - |
Deferred Revenue |
141 K | 109 K | 383 K | 650 K | 915 K | - | 1.42 M | 98.8 K | 934 K | 193 K | 118 K | 144 K | 1.21 M | 266 K | - | - | - |
Retained Earnings |
-94.8 M | -86.3 M | -75.9 M | -67.4 M | -53.2 M | - | -32.2 M | -32.3 M | -28.5 M | -24 M | -7.59 M | -5.38 M | -2.32 M | 2.51 M | 5.28 M | 4.37 M | - |
Total Assets |
27.3 M | 32.4 M | 36 M | 40.1 M | 45.1 M | 16.6 M | 38.6 M | 13.2 M | 11.7 M | 11.4 M | 28.1 M | 31.4 M | 20.2 M | 19 M | 18.2 M | 12.7 M | - |
Cash and Cash Equivalents |
5.07 M | - | 10.4 M | - | - | - | 7.07 M | 3.78 M | 2.49 M | 1.21 M | 1.37 M | 5.85 M | 4.88 M | 3.87 M | 1.03 M | 559 K | 569 K |
Book Value |
10.4 M | 16.7 M | 17.3 M | 23.3 M | 12.8 M | 8.98 M | 23 M | 8.54 M | 6.91 M | 6.27 M | 22.6 M | 26.9 M | 15.1 M | 14.5 M | 6.72 M | 7.77 M | - |
Total Shareholders Equity |
10.4 M | 16.7 M | 17.3 M | 23.3 M | 12.8 M | 24.8 M | 23 M | 8.54 M | 6.91 M | 6.27 M | 22.6 M | 27 M | 15.1 M | 14.6 M | 6.74 M | 7.77 M | - |
All numbers in USD currency
Quarterly Balance Sheet LiqTech International
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
3.93 M | 1.26 M | 3.91 M | 1.55 M | 1.68 M | 1.67 M | 1.6 M | 1.76 M | 1.81 M | 1.94 M | 2.88 M | 2.9 M | - | 2.32 M | 2.38 M | 1.91 M | 2.12 M | 3.96 M | 2.5 M | 2.65 M | 2.82 M | 2.88 M | - | 3.11 M | 3.11 M | 3.11 M | 172 K | 172 K | 172 K | 172 K | - | - | - | - | - | - | 50.8 K | 51.1 K | - | 60.4 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
12.2 M | 11.7 M | 10.9 M | 12.2 M | 12.3 M | 12 M | 10.9 M | 11.3 M | 10 M | 10.2 M | 11.2 M | 9.83 M | - | 10.6 M | 10.7 M | 10.1 M | 10.6 M | 12.5 M | 15.4 M | 18.4 M | 18.3 M | 6.96 M | 7.58 M | 7.58 M | 7.58 M | 7.58 M | 5.25 M | 5.25 M | 5.25 M | 5.25 M | - | - | - | - | - | 53.6 K | 56.3 K | 57.8 K | 134 K | 134 K | 134 K | 134 K | 166 K | 166 K | 166 K | 166 K | 369 K | 369 K | 369 K | 369 K | 554 K | 554 K | 554 K | 554 K | 730 K | 730 K | 730 K | 730 K | 1.97 M | 1.97 M | 1.97 M | 1.97 M |
Total Liabilities |
16.9 M | 17.4 M | 15.8 M | 17.5 M | 17.8 M | 17.5 M | 15.8 M | 17.3 M | 16.3 M | 16.8 M | 18.7 M | 17.6 M | - | 17.3 M | 16.8 M | 16.6 M | 18.5 M | 31.6 M | 32.3 M | 32.7 M | 32.3 M | 15.6 M | 17.4 M | 17.4 M | 17.4 M | 17.4 M | 15.6 M | 15.6 M | 15.6 M | 15.6 M | 4.62 M | 4.62 M | 4.62 M | 4.62 M | 4.77 M | 4.77 M | 4.77 M | 4.77 M | 5.14 M | 5.14 M | 5.14 M | 5.14 M | 5.51 M | 5.51 M | 5.51 M | 5.51 M | 4.46 M | 4.46 M | 4.46 M | 4.46 M | 5.1 M | 5.1 M | 5.1 M | 5.1 M | 4.49 M | 4.49 M | 4.49 M | 4.49 M | 11.5 M | 11.3 M | 11.3 M | 11.3 M |
Deferred Revenue |
141 K | 182 K | 109 K | 70.2 K | 103 K | 139 K | 109 K | 194 K | 334 K | 554 K | 383 K | 540 K | - | 711 K | 650 K | 635 K | 595 K | 693 K | 915 K | 908 K | 1.91 M | 1.24 M | 1.15 M | 1.15 M | 1.15 M | 1.15 M | 1.42 M | 1.42 M | 572 K | 289 K | 98.8 K | 724 K | 428 K | 98.8 K | 934 K | 934 K | 934 K | 934 K | 193 K | 193 K | 193 K | 193 K | 118 K | 118 K | 118 K | 118 K | 144 K | 144 K | 144 K | 144 K | 1.21 M | 1.21 M | 1.21 M | 1.21 M | 266 K | 266 K | 266 K | 266 K | - | - | - | - |
Retained Earnings |
-94.8 M | -97.5 M | -86.3 M | -92.2 M | -90.8 M | -88.6 M | -86.3 M | -83.3 M | -80.4 M | -78.3 M | -75.9 M | -72.7 M | - | -69.7 M | -67.4 M | -65.2 M | -63.4 M | -56.9 M | -53.2 M | -50.5 M | -47.6 M | -44.5 M | -42.1 M | -42.1 M | -42.1 M | -42.1 M | -32.2 M | -32.2 M | -32.2 M | -32.2 M | -32.3 M | -32.3 M | -32.3 M | -32.3 M | -28.5 M | -28.5 M | -28.5 M | -28.5 M | -24 M | -24 M | -24 M | -24 M | -7.59 M | -7.59 M | -7.59 M | -7.59 M | -5.38 M | -5.38 M | -5.38 M | -5.38 M | -2.32 M | -2.32 M | -2.32 M | -2.32 M | 2.51 M | 2.51 M | 2.51 M | 2.51 M | 5.28 M | 5.28 M | 5.28 M | 5.28 M |
Total Assets |
27.3 M | 24.9 M | 32.4 M | 30.3 M | 31.7 M | 32.6 M | 32.4 M | 28.7 M | 28.6 M | 31.4 M | 36 M | 36.8 M | - | 38.7 M | 40.1 M | 40.7 M | 45.5 M | 40.4 M | 45.1 M | 48.4 M | 51.4 M | 36.8 M | 42.2 M | 42.2 M | 42.2 M | 42.2 M | 38.6 M | 38.6 M | 38.6 M | 38.6 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 11.7 M | 11.7 M | 11.7 M | 11.7 M | 11.4 M | 11.4 M | 11.4 M | 11.4 M | 28.1 M | 28.1 M | 28.1 M | 28.1 M | 31.4 M | 31.4 M | 31.4 M | 31.4 M | 20.2 M | 20.2 M | 20.2 M | 20.2 M | 19 M | 19 M | 19 M | 19 M | 18.3 M | 18 M | 18 M | 18 M |
Cash and Cash Equivalents |
- | 2.73 M | 5.07 M | - | - | - | - | 4.54 M | 5.49 M | 7.73 M | - | 11.8 M | - | - | - | - | - | - | 15.4 M | - | - | - | 11.7 M | 11.7 M | 13.5 M | 3.59 M | 7.07 M | 7.07 M | 7.07 M | 7.07 M | 3.78 M | 3.78 M | 3.78 M | 3.78 M | 2.49 M | 2.49 M | 2.49 M | 2.49 M | 1.21 M | 1.21 M | 1.21 M | 1.21 M | 1.37 M | 1.37 M | 1.37 M | 1.37 M | 5.85 M | 5.85 M | 5.85 M | 5.85 M | 4.88 M | 4.88 M | 4.88 M | 4.88 M | 3.87 M | 3.87 M | 3.87 M | 3.87 M | 1.03 M | 1.03 M | 1.03 M | 1.03 M |
Book Value |
10.4 M | 7.55 M | 16.7 M | 12.8 M | 13.9 M | 15.1 M | 16.7 M | 11.4 M | 12.3 M | 14.5 M | 17.3 M | 19.3 M | - | 21.5 M | 23.3 M | 24 M | 27.1 M | 8.85 M | 12.8 M | 15.7 M | 19.1 M | 21.1 M | 24.8 M | 24.8 M | 24.8 M | 24.8 M | 23 M | 23 M | 23 M | 23 M | 8.54 M | 8.54 M | 8.54 M | 8.54 M | 6.91 M | 6.91 M | 6.91 M | 6.91 M | 6.27 M | 6.27 M | 6.27 M | 6.27 M | 22.6 M | 22.6 M | 22.6 M | 22.6 M | 27 M | 27 M | 27 M | 27 M | 15.1 M | 15.1 M | 15.1 M | 15.1 M | 14.6 M | 14.6 M | 14.6 M | 14.6 M | 6.74 M | 6.74 M | 6.74 M | 6.74 M |
Total Shareholders Equity |
16.7 M | 7.63 M | 17.3 M | 12.8 M | 13.9 M | 15.1 M | 16.7 M | 11.4 M | 12.3 M | 14.5 M | 17.3 M | 19.3 M | 20 M | 21.5 M | 23.3 M | 24 M | 27.1 M | 8.85 M | 12.8 M | 15.7 M | 19.1 M | 21.1 M | 24.8 M | 24.8 M | 24.8 M | 24.8 M | 23 M | 23 M | 23 M | 23 M | 8.54 M | 8.54 M | 8.54 M | 8.54 M | 6.91 M | 6.91 M | 6.91 M | 6.91 M | 6.27 M | 6.27 M | 6.27 M | 6.27 M | 22.6 M | 22.6 M | 22.6 M | 22.6 M | 27 M | 27 M | 27 M | 27 M | 15.1 M | 15.1 M | 15.1 M | 15.1 M | 14.6 M | 14.6 M | 14.6 M | 14.6 M | 6.74 M | 5.99 M | -23.3 K | 6.74 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of LiqTech International, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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