SIA "VELVE"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2009–2025
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||||
| Total current assets | 4 254 497 | 4 596 935 | 6 715 578 | 5 987 550 | 5 172 287 | 9 128 480 | 13 253 914 | 13 010 958 | 15 624 052 | 21 437 067 | 19 980 072 | 22 880 455 | 28 207 838 | 33 124 322 | 22 096 089 | 15 119 883 | 11 712 705 |
| Total non-current assets | 458 224 | 391 836 | 406 991 | 694 000 | 903 214 | 1 439 368 | 221 140 | 393 619 | 352 716 | 417 059 | 484 135 | 758 140 | 513 850 | 366 060 | 2 208 609 | 2 269 400 | 2 231 123 |
| Total assets | 4 712 721 | 4 988 771 | 7 122 569 | 6 681 550 | 6 075 501 | 10 567 848 | 13 475 054 | 13 404 577 | 15 976 768 | 21 854 126 | 20 464 207 | 23 638 595 | 28 721 688 | 33 490 382 | 24 304 698 | 17 389 283 | 13 943 828 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 1 852 205 | 2 212 128 | 4 049 821 | 4 107 308 | 3 427 285 | 6 012 961 | 9 323 936 | 9 635 430 | 10 659 110 | 17 171 684 | 15 880 457 | 18 153 390 | 22 455 682 | 30 405 550 | 23 721 399 | 20 723 445 | 18 079 870 |
| Non-current liabilities | 391 576 | 258 450 | 433 733 | 564 729 | 560 453 | 759 180 | 79 315 | 68 609 | 46 403 | 20 637 | 510 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 2 243 781 | 2 470 578 | 4 483 554 | 4 672 037 | 3 987 738 | 6 772 141 | 9 403 251 | 9 704 039 | 10 705 513 | 17 192 321 | 15 880 967 | 18 153 390 | 22 455 682 | 30 405 550 | 23 721 399 | 20 723 445 | 18 079 870 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 1 162 669 | 49 253 | 75 822 | 22 537 | 107 267 | 796 918 | 1 548 793 | 498 675 | 1 553 436 | 467 898 | 814 773 | 1 967 793 | 373 300 | -3 181 174 | -3 718 276 | -3 502 127 | -802 068 |
| Total equity | 2 468 940 | 2 518 193 | 2 594 015 | 1 966 552 | 1 822 049 | 3 389 461 | 3 595 739 | 3 094 414 | 4 576 947 | 4 244 845 | 4 359 618 | 5 252 411 | 5 478 629 | 2 297 455 | -620 271 | -4 122 398 | -4 924 466 |
| Income statement | |||||||||||||||||
| Sales revenue | 8 021 165 | 5 350 778 | 14 764 320 | 13 780 611 | 11 747 472 | 17 100 485 | 28 578 678 | 30 167 219 | 61 082 874 | 58 487 615 | 52 639 552 | 69 847 321 | 68 773 829 | 69 152 135 | 67 383 792 | 16 046 893 | 16 903 |
| Operating profit | 1 343 988 | 48 560 | 96 841 | 47 313 | 216 373 | 952 313 | 1 851 802 | 804 596 | 1 986 174 | 544 430 | 883 168 | 2 041 477 | 351 666 | -3 129 012 | -3 589 573 | -3 441 632 | -745 935 |
| Profit before income tax | 1 347 719 | 75 851 | 100 254 | 42 329 | 215 297 | 951 637 | 1 743 255 | 549 610 | 1 965 851 | 508 483 | 846 857 | 1 969 980 | 373 980 | -3 180 970 | -3 714 516 | -3 488 808 | -802 068 |
| Profit for the reporting year | 1 162 669 | 49 253 | 75 822 | 22 537 | 107 267 | 796 918 | 1 548 793 | 498 675 | 1 553 436 | 467 898 | 814 773 | 1 967 793 | 373 300 | -3 181 174 | -3 718 276 | -3 502 127 | -802 068 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 100 | 100 | 135 | 163 | 143 | 91 | 98 | 95 | 120 | 142 | 130 | 123 | 139 | 126 | 113 | 49 | 8 |
| Calculated dividend | 0 | 0 | 0 | 233 022 | 416 978 | 0 | 0 | 1 000 000 | 0 | 500 000 | 1 000 000 | 1 075 000 | 147 082 | 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: SIA "VELVE"
Overview
SIA "VELVE" (reg. no. 40003064412) is a limited liability company. The company was registered in 1992 and has been in the register for 34 years. Registered address: Rīga, Kuldīgas iela 51.
Financial results
Revenue in 2025 was 16 903 €, down 99,9% on the previous year (16 046 893 €). From 2009 to 2025, revenue declined by an average of 32,0% per year. This is the company's lowest revenue among the published years (2009–2025). 2025 ended with a loss of 802 068 €. The company was profitable in 13 of the 17 published years. In 2025 the company had 8 employees (49 a year earlier). Revenue per employee was 2113 €.
Management and owners
The company has one board member. The sole owner of the company is AS "MN Holding".
Points to note
Equity was negative at the end of 2025 (-4 924 466 €).
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.