SIA "SMARTLYNX AIRLINES"Active
Key figures
Ratios
2023Balance sheet structure
Dividends
from the reportDividends paid 5 436 968 € (19% of equity at the end of the previous year).
Summary of financial statements2015–2023
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||
| Total current assets | 10 093 260 | 14 271 804 | 16 169 872 | 20 684 063 | 67 652 851 | 17 155 239 | 26 982 638 | 66 888 194 | 91 796 415 |
| Total non-current assets | 5 159 046 | 7 145 484 | 6 601 583 | 13 548 589 | 114 834 701 | 58 741 427 | 97 485 422 | 263 409 715 | 527 257 862 |
| Total assets | 15 252 306 | 21 417 288 | 22 771 455 | 34 232 652 | 182 487 552 | 75 896 666 | 124 468 060 | 330 297 909 | 619 054 277 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 7 496 584 | 12 768 851 | 13 916 551 | 12 543 901 | 62 052 648 | 42 156 082 | 54 909 416 | 127 506 486 | 233 790 938 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 69 135 099 | 21 998 362 | 50 516 912 | 174 599 622 | 339 734 849 |
| Total liabilities | 7 496 584 | 12 768 851 | 13 916 551 | 12 543 901 | 131 187 747 | 64 154 444 | 105 426 328 | 302 106 108 | 573 525 787 |
| Share capital | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — |
| Profit for the year | 3 144 875 | 6 382 529 | 5 192 358 | 18 951 856 | 33 706 372 | -39 622 250 | 7 299 510 | 9 150 069 | 22 773 657 |
| Total equity | 6 816 822 | 7 724 351 | 6 916 709 | 19 951 856 | 51 299 805 | 11 742 222 | 19 041 732 | 28 191 801 | 45 528 490 |
| Income statement | |||||||||
| Sales revenue | 91 967 459 | 108 379 883 | 131 513 398 | 140 952 225 | 217 090 271 | 46 032 512 | 136 840 165 | 350 543 502 | 496 650 619 |
| Operating profit | 2 087 617 | 6 413 899 | 6 620 209 | 18 817 955 | 43 296 047 | -37 749 550 | 15 208 458 | 23 798 044 | 39 575 624 |
| Profit before income tax | 2 414 298 | 6 359 313 | 6 560 662 | 18 955 024 | 33 614 147 | -39 472 020 | 7 300 838 | 9 222 876 | 23 859 519 |
| Profit for the reporting year | 3 144 875 | 6 382 529 | 5 192 358 | 18 951 856 | 33 706 372 | -39 622 250 | 7 299 510 | 9 150 069 | 22 773 657 |
| Labour costs | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||
| Employees | 180 | 245 | 263 | 213 | 280 | 170 | 206 | 385 | 614 |
| Calculated dividend | 8 500 000 | 5 380 000 | 6 000 000 | 5 185 790 | 0 | 0 | 0 | 0 | 5 436 968 |
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: SIA "SMARTLYNX AIRLINES"
Overview
SIA "SMARTLYNX AIRLINES" (reg. no. 40003056133) is a limited liability company. The company was registered in 1992 and has been in the register for 34 years. Registered address: Mārupes nov., Mārupes pag., "Mazrūdas".
Financial results
Revenue in 2023 was 496 650 619 €, up 41,7% on the previous year (350 543 502 €). From 2015 to 2023, revenue grew by an average of 23,5% per year. This is the company's highest revenue among the published years (2015–2023). Net profit for 2023 was 22 773 657 € (4,6% of revenue). The company was profitable in 8 of the 9 published years. In 2023 the company had 614 employees (385 a year earlier). Revenue per employee was 808 877 €. At the end of 2023, total assets were 619 054 277 € and equity 45 528 490 € (7,4% of assets).
Management and owners
According to the register, the company has 3 owners. The largest stake (90%) is held by Stichting Break Point Distressed Assets Management. The company holds a stake in one other active Latvian company.
Points to note
The latest published annual report is for 2023.
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.