Akciju sabiedrība "GRINDEKS"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 170 100 € (<1% of equity at the end of the previous year).
Summary of financial statements2008–2025
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||||
| Total current assets | 27 598 919 | 34 178 442 | 40 507 255 | 47 835 975 | 51 700 670 | 52 054 076 | 79 192 660 | 79 036 916 | 96 851 464 | 72 427 168 | 69 251 651 | 89 650 600 | 88 127 080 | 117 233 054 | 137 951 103 | 141 243 418 | 104 154 657 | 110 117 929 |
| Total non-current assets | 35 984 224 | 39 759 298 | 43 472 973 | 44 430 067 | 46 580 640 | 54 073 215 | 80 813 807 | 78 256 647 | 78 061 889 | 69 550 895 | 79 484 423 | 82 838 365 | 65 862 321 | 89 935 538 | 94 125 373 | 103 108 612 | 104 420 387 | 77 053 489 |
| Total assets | 63 583 143 | 73 937 740 | 83 980 228 | 92 266 042 | 98 281 310 | 106 127 291 | 160 006 467 | 157 293 563 | 174 913 353 | 141 978 063 | 148 736 074 | 172 488 965 | 153 989 401 | 207 168 592 | 232 076 476 | 244 352 030 | 208 575 044 | 187 171 418 |
| Balance sheet — liabilities and equity | ||||||||||||||||||
| Current liabilities | 7 525 879 | 15 214 434 | 15 940 228 | 16 987 662 | 14 897 088 | 14 364 152 | 38 996 538 | 35 008 333 | 36 404 103 | 16 039 410 | 26 104 304 | 45 263 028 | 40 844 913 | 44 039 498 | 56 879 143 | 74 977 332 | 72 611 952 | 48 618 478 |
| Non-current liabilities | 6 784 135 | 5 640 523 | 7 514 901 | 7 798 909 | 5 794 062 | 4 571 613 | 7 352 799 | 7 702 129 | 19 072 728 | 10 388 454 | 13 504 763 | 17 208 611 | 6 876 512 | 10 742 475 | 8 767 584 | 7 115 206 | 11 260 718 | 7 271 981 |
| Total liabilities | 14 310 014 | 20 854 957 | 23 455 129 | 24 786 571 | 20 691 150 | 18 935 765 | 46 349 337 | 42 710 462 | 55 476 831 | 26 427 864 | 39 609 067 | 62 471 639 | 47 721 425 | 54 781 973 | 65 646 727 | 82 092 538 | 83 872 670 | 55 890 459 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 9 027 172 | 3 568 060 | 7 112 698 | 6 706 074 | 9 634 559 | 9 491 550 | -2 540 171 | 1 036 734 | 9 502 832 | 11 504 433 | -9 736 897 | 13 452 140 | 3 861 810 | 41 115 697 | 24 190 256 | 5 992 327 | -3 261 869 | 12 619 985 |
| Total equity | 47 709 691 | 51 199 815 | 58 475 767 | 65 168 183 | 74 826 921 | 84 226 186 | 108 294 340 | 109 276 342 | 119 436 522 | 115 550 199 | 109 127 007 | 110 017 326 | 106 267 976 | 152 386 619 | 166 429 749 | 162 259 492 | 124 702 374 | 131 280 959 |
| Income statement | ||||||||||||||||||
| Sales revenue | 62 107 484 | 53 574 211 | 65 149 068 | 69 573 161 | 82 691 061 | 83 254 939 | 88 487 515 | 82 662 311 | 105 366 545 | 91 735 967 | 145 477 001 | 141 417 586 | 97 558 330 | 232 047 740 | 257 912 599 | 207 476 485 | 181 822 263 | 110 878 005 |
| Operating profit | 10 842 559 | 4 452 724 | 8 944 092 | 7 816 358 | 12 286 228 | 11 525 600 | -1 765 950 | 1 686 922 | 11 486 195 | 10 100 712 | -9 466 894 | 11 541 569 | 4 259 027 | 42 646 785 | 23 970 776 | 9 064 765 | 1 810 051 | 10 756 528 |
| Profit before income tax | 10 736 629 | 4 298 063 | 8 790 880 | 7 662 733 | 12 154 182 | 11 449 715 | -1 901 196 | 1 442 554 | 12 139 263 | 10 243 101 | -8 841 815 | 14 802 953 | 3 976 411 | 42 321 247 | 23 497 020 | 7 867 474 | 672 440 | 12 739 327 |
| Profit for the reporting year | 9 027 172 | 3 568 060 | 7 112 698 | 6 706 074 | 9 634 559 | 9 491 550 | -2 540 171 | 1 036 734 | 9 502 832 | 11 504 433 | -9 736 897 | 13 452 140 | 3 861 810 | 41 115 697 | 24 190 256 | 5 992 327 | -3 261 869 | 12 619 985 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||||
| Employees | 776 | 836 | 799 | 852 | 847 | 739 | 1162 | 1327 | 1285 | 984 | 1422 | 1505 | 910 | 1505 | 1510 | 1407 | 1374 | 808 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 000 000 | 0 | 1 437 750 | 1 437 750 | 12 268 800 | 8 818 200 | 9 585 000 | 9 361 501 | 9 545 390 | 14 126 644 | 170 100 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Summary: Akciju sabiedrība "GRINDEKS"
Overview
Akciju sabiedrība "GRINDEKS" (reg. no. 40003034935) is a joint-stock company. The company was registered in 1991 and has been in the register for 35 years. Registered address: Rīga, Krustpils iela 53.
Financial results
Revenue in 2025 was 110 878 005 €, down 39,0% on the previous year (181 822 263 €). From 2008 to 2025, revenue grew by an average of 3,5% per year. Net profit for 2025 was 12 619 985 € (11,4% of revenue). The company was profitable in 15 of the 18 published years. In 2025 the company had 808 employees (1374 a year earlier). Revenue per employee was 137 225 €. At the end of 2025, total assets were 187 171 418 € and equity 131 280 959 € (70,1% of assets).
Management and owners
The company has one board member. The company holds stakes in 3 active Latvian companies.
Data sources and freshness
Register data (name, address, legal form, board and owners) and annual report figures come from the open data of the Register of Enterprises of the Republic of Latvia (CC0); entity.lv updates them daily. Data as of 02.11.2026. The LEI code (5299006DWR32NKWM1O86) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.