Akciju sabiedrība "Balticovo"Active

40003058863Joint-stock companyFounded 1992

Key figures

161 551 362 €+44,1%

Revenue 2025

+14,5%

Average annual growth 2010–2025

Ratios

2025

22,2%

Profit margin

54,6%

Equity ratio

2,0×

Current ratio

35,5%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Dividends

from the report

2025

Dividends paid 2 840 000 € (4% of equity at the end of the previous year).

History

20252 840 000 €

20242 205 222 €

20232 383 711 €

2022543 387 €

20211 261 000 €

20202 214 661 €

20191 215 940 €

20183 076 169 €

20172 550 641 €

20161 549 462 €

20151 939 791 €

20141 053 994 €

20131 024 304 €

2012397 482 €

2011385 041 €

20101 714 007 €

Summary of financial statements2010–2025

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Balance sheet — assets
Total current assets	6 840 815	9 591 703	11 144 142	10 174 661	14 777 533	15 242 896	14 506 800	19 447 978	19 982 929	21 033 028	20 938 584	25 326 417	38 102 753	39 022 547	39 024 115	47 078 469
Total non-current assets	19 598 704	18 964 832	22 271 539	25 325 851	33 370 020	30 835 514	28 694 374	29 301 103	29 169 846	43 533 401	51 328 183	58 093 829	53 714 702	64 927 538	77 664 133	138 390 901
Total assets	26 439 519	28 556 535	33 415 681	35 500 512	48 147 553	46 078 410	43 201 174	48 749 081	49 152 775	64 566 429	72 266 767	83 420 246	91 817 455	103 950 085	116 688 248	185 469 370
Balance sheet — liabilities and equity
Current liabilities	4 679 529	7 345 153	6 055 663	10 265 067	10 752 375	9 576 309	6 911 554	8 163 685	9 793 881	14 614 643	17 287 626	27 967 531	38 045 184	34 484 909	31 956 608	24 105 262
Non-current liabilities	14 806 561	13 813 891	13 289 260	12 592 785	17 802 723	12 391 335	11 670 118	7 103 626	8 002 917	19 481 623	21 475 033	21 787 355	12 433 574	15 876 854	19 368 572	60 063 728
Total liabilities	19 486 090	21 159 044	19 344 923	22 857 852	28 555 098	21 967 644	18 581 672	15 267 311	17 796 798	34 096 266	38 762 659	49 754 886	50 478 758	50 361 763	51 325 180	84 168 990
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	2 526 794	444 062	6 524 436	527 725	2 151 376	5 576 175	2 712 625	10 862 268	5 374 207	1 614 186	3 033 945	161 252	6 710 737	19 311 514	11 774 746	35 937 312
Total equity	6 953 429	7 397 491	14 070 758	12 642 660	19 592 455	24 110 766	24 619 502	33 481 770	31 355 977	30 470 163	33 504 108	33 665 360	41 338 697	53 588 322	65 363 068	101 300 380
Income statement
Sales revenue	21 225 806	23 329 090	34 242 452	27 946 153	42 798 183	45 939 480	44 589 002	52 342 990	48 668 655	50 914 498	54 318 414	62 435 039	101 801 437	122 985 547	112 117 465	161 551 362
Operating profit	3 127 054	964 117	7 846 337	856 103	2 931 914	6 738 669	3 167 935	10 220 564	5 538 740	1 932 018	3 580 909	974 677	7 760 421	21 177 795	14 045 535	37 975 357
Profit before income tax	2 736 723	465 787	7 459 862	559 215	2 454 489	6 385 395	2 988 902	9 936 272	5 443 591	1 686 905	3 033 249	198 242	6 760 246	19 427 326	11 879 865	35 950 394
Profit for the reporting year	2 526 794	444 062	6 524 436	527 725	2 151 376	5 576 175	2 712 625	10 862 268	5 374 207	1 614 186	3 033 945	161 252	6 710 737	19 311 514	11 774 746	35 937 312
Labour costs	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation of non-current assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other indicators
Employees	190	186	201	230	242	270	275	283	306	327	335	327	317	317	364	406
Calculated dividend	1 714 007	385 041	397 482	1 024 304	1 053 994	1 939 791	1 549 462	2 550 641	3 076 169	1 215 940	2 214 661	1 261 000	543 387	2 383 711	2 205 222	2 840 000

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 "Balticovo"

Overview

Akciju sabiedrība "Balticovo" (reg. no. 40003058863) is a joint-stock company. The company was registered in 1992 and has been in the register for 34 years. Registered address: Bauskas nov., Iecavas pag., "Administratīvā ēka".

Financial results

Revenue in 2025 was 161 551 362 €, up 44,1% on the previous year (112 117 465 €). From 2010 to 2025, revenue grew by an average of 14,5% per year. This is the company's highest revenue among the published years (2010–2025). Net profit for 2025 was 35 937 312 € (22,2% of revenue). The company was profitable in all 16 published years. In 2025 the company had 406 employees (364 a year earlier). Revenue per employee was 397 910 €. At the end of 2025, total assets were 185 469 370 € and equity 101 300 380 € (54,6% of assets).

Management and owners

The board has 5 members. The company holds stakes in 2 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 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.