Sabiedrība ar ierobežotu atbildību "VARS"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2011–2025
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 1 276 962 | 1 563 416 | 1 900 157 | 3 023 562 | 1 198 436 | 2 031 427 | 1 581 278 | 1 326 201 | 1 137 770 | 949 248 | 650 231 | 1 768 639 | 3 411 811 | 4 595 023 | 3 716 182 |
| Total non-current assets | 2 564 846 | 2 587 166 | 2 729 055 | 4 126 051 | 3 997 437 | 3 656 382 | 3 413 646 | 3 303 679 | 3 449 498 | 3 193 634 | 2 824 551 | 2 434 432 | 2 092 457 | 1 778 742 | 1 489 272 |
| Total assets | 3 841 808 | 4 150 582 | 4 629 212 | 7 149 613 | 5 195 873 | 5 687 809 | 4 994 924 | 4 629 880 | 4 587 268 | 4 142 882 | 3 474 782 | 4 203 071 | 5 504 268 | 6 373 765 | 5 205 454 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 64 299 | 43 021 | 69 258 | 159 353 | 115 473 | 181 514 | 99 009 | 192 809 | 1 659 730 | 623 186 | 255 426 | 142 227 | 134 629 | 142 549 | 269 585 |
| Non-current liabilities | 31 365 | 33 651 | 33 651 | 21 943 | 52 741 | 19 827 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 95 664 | 76 672 | 102 909 | 181 296 | 168 214 | 201 341 | 99 009 | 192 809 | 1 659 730 | 623 186 | 255 426 | 142 227 | 134 629 | 142 549 | 269 585 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 496 256 | 327 766 | 452 393 | 527 969 | 89 728 | 458 809 | 625 447 | 641 156 | 646 716 | 592 157 | 340 816 | 841 488 | 1 308 795 | 861 577 | -1 295 347 |
| Total equity | 3 746 144 | 4 073 910 | 4 526 303 | 6 968 317 | 5 027 659 | 5 486 468 | 4 895 915 | 4 437 071 | 2 927 538 | 3 519 696 | 3 219 356 | 4 060 844 | 5 369 639 | 6 231 216 | 4 935 869 |
| Income statement | |||||||||||||||
| Sales revenue | 3 287 737 | 4 386 382 | 4 280 925 | 5 641 958 | 5 638 370 | 6 012 070 | 5 654 043 | 3 700 655 | 3 888 274 | 3 528 090 | 3 138 369 | 3 687 778 | 4 441 665 | 4 170 721 | 3 706 017 |
| Operating profit | 526 354 | 357 263 | 482 967 | 478 090 | 79 390 | 416 967 | 723 551 | 656 419 | 648 038 | 592 789 | 500 134 | 843 287 | 1 290 826 | 813 479 | -1 316 691 |
| Profit before income tax | 528 050 | 346 203 | 472 935 | 530 295 | 135 145 | 440 739 | 627 153 | 642 432 | 648 038 | 592 789 | 500 134 | 843 287 | 1 309 391 | 862 014 | -1 294 801 |
| Profit for the reporting year | 496 256 | 327 766 | 452 393 | 527 969 | 89 728 | 458 809 | 625 447 | 641 156 | 646 716 | 592 157 | 340 816 | 841 488 | 1 308 795 | 861 577 | -1 295 347 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 22 | 19 | 16 | 14 | 13 | 13 | 12 | 12 | 12 | 11 | 12 | 11 | 11 | 11 | 11 |
| Calculated dividend | 0 | 0 | 0 | 0 | 2 030 386 | 0 | 1 216 000 | 1 100 000 | 2 156 249 | 0 | 641 156 | 0 | 0 | 0 | 0 |
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: Sabiedrība ar ierobežotu atbildību "VARS"
Overview
Sabiedrība ar ierobežotu atbildību "VARS" (reg. no. 40003047747) is a limited liability company. The company was registered in 1991 and has been in the register for 34 years. Registered address: Ventspils, Dzintaru iela 22/7.
Financial results
Revenue in 2025 was 3 706 017 €, down 11,1% on the previous year (4 170 721 €). From 2011 to 2025, revenue grew by an average of 0,9% per year. 2025 ended with a loss of 1 295 347 €. The company was profitable in 14 of the 15 published years. In 2025 the company had 11 employees. Revenue per employee was 336 911 €. At the end of 2025, total assets were 5 205 454 € and equity 4 935 869 € (94,8% of assets).
Management and owners
The company has one board member. The sole owner of the company is LUKOIL INTERNATIONAL GmbH.
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 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.