Sabiedrība ar ierobežotu atbildību "FORMULA" Kanādas-Latvijas kopuzņēmumsActive
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 | 699 518 | 709 229 | 782 356 | 890 211 | 829 499 | 1 157 606 | 1 005 255 | 893 554 | 864 595 | 869 593 | 745 366 | 761 484 | 936 848 | 1 042 020 | 1 018 353 | 912 650 | 804 792 |
| Total non-current assets | 113 277 | 86 403 | 48 438 | 34 037 | 102 037 | 121 176 | 93 277 | 57 799 | 43 944 | 19 306 | 11 216 | 29 537 | 56 555 | 56 811 | 42 287 | 32 132 | 23 867 |
| Total assets | 812 795 | 795 632 | 830 794 | 924 248 | 931 536 | 1 278 782 | 1 098 532 | 951 353 | 908 539 | 888 899 | 756 582 | 791 021 | 993 403 | 1 098 831 | 1 060 640 | 944 782 | 828 659 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 208 532 | 250 260 | 279 830 | 309 985 | 285 134 | 403 663 | 317 411 | 279 343 | 290 401 | 328 509 | 237 697 | 203 895 | 276 341 | 321 230 | 298 427 | 287 888 | 258 158 |
| Non-current liabilities | 25 888 | 5628 | 5843 | 1746 | 21 081 | 20 442 | 11 041 | 14 674 | 6865 | 0 | 0 | 41 178 | 10 252 | 0 | 0 | 0 | 0 |
| Total liabilities | 234 420 | 255 888 | 285 673 | 311 731 | 306 215 | 424 105 | 328 452 | 294 017 | 297 266 | 328 509 | 237 697 | 245 073 | 286 593 | 321 230 | 298 427 | 287 888 | 258 158 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -61 241 | -38 631 | 5377 | 54 450 | 10 313 | -54 598 | -89 835 | -43 365 | -46 063 | -50 883 | -41 505 | 27 063 | 160 862 | 70 251 | 3724 | -105 319 | -86 394 |
| Total equity | 578 375 | 539 744 | 545 121 | 599 571 | 609 884 | 813 189 | 723 354 | 657 336 | 611 273 | 560 390 | 518 885 | 545 948 | 706 810 | 777 601 | 762 213 | 656 894 | 570 501 |
| Income statement | |||||||||||||||||
| Sales revenue | 1 499 357 | 1 513 149 | 1 806 870 | 2 146 507 | 2 102 037 | 2 719 821 | 2 474 280 | 2 301 123 | 2 025 226 | 2 084 079 | 1 784 181 | 1 578 161 | 1 732 856 | 2 025 451 | 2 129 174 | 2 004 046 | 1 844 285 |
| Operating profit | -54 268 | -33 966 | 12 923 | 58 557 | 14 484 | -60 378 | -104 780 | -43 365 | -44 218 | -50 153 | -41 137 | 27 063 | 160 862 | 70 251 | 6539 | -105 319 | -86 394 |
| Profit before income tax | -60 276 | -38 103 | 11 716 | 60 940 | 13 209 | -60 378 | -104 780 | -43 365 | -46 063 | -50 883 | -41 505 | 27 063 | 160 862 | 70 251 | 6539 | -105 319 | -86 394 |
| Profit for the reporting year | -61 241 | -38 631 | 5377 | 54 450 | 10 313 | -54 598 | -89 835 | -43 365 | -46 063 | -50 883 | -41 505 | 27 063 | 160 862 | 70 251 | 3724 | -105 319 | -86 394 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 49 | 50 | 48 | 46 | 44 | 44 | 36 | 35 | 33 | 32 | 26 | 22 | 21 | 21 | 21 | 20 | 19 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 653 | 0 | 0 | 0 | 0 | 0 | 0 | 19 112 | 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 "FORMULA" Kanādas-Latvijas kopuzņēmums
Overview
Sabiedrība ar ierobežotu atbildību "FORMULA" Kanādas-Latvijas kopuzņēmums (reg. no. 40003089257) is a limited liability company. The company was registered in 1992 and has been in the register for 34 years. Registered address: Rīga, Pildas iela 10.
Financial results
Revenue in 2025 was 1 844 285 €, down 8,0% on the previous year (2 004 046 €). From 2009 to 2025, revenue grew by an average of 1,3% per year. 2025 ended with a loss of 86 394 €. The company was profitable in 7 of the 17 published years. In 2025 the company had 19 employees (20 a year earlier). Revenue per employee was 97 068 €. At the end of 2025, total assets were 828 659 € and equity 570 501 € (68,8% of assets).
Management and owners
The company has one board member. According to the register, the company has 5 owners. The largest stake (89,4%) is held by RIGA OVERSEAS INVESTMENTS INC..
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.