"FIRMA MADARA 89" SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 2 100 000 € (3% of equity at the end of the previous year).
Summary of financial statements2015–2025
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||
| Total current assets | 11 815 324 | 10 048 049 | 18 763 347 | 27 790 108 | 15 458 093 | 17 552 932 | 27 504 806 | 37 902 926 | 33 633 734 | 29 609 922 | 29 236 742 |
| Total non-current assets | 19 687 429 | 28 305 640 | 30 264 938 | 30 780 953 | 51 858 420 | 48 017 915 | 29 198 513 | 26 506 295 | 45 419 192 | 62 429 505 | 75 198 713 |
| Total assets | 31 502 753 | 38 353 689 | 49 028 285 | 58 571 061 | 67 316 513 | 65 570 847 | 56 703 319 | 64 409 221 | 79 052 926 | 92 039 427 | 104 435 455 |
| Balance sheet — liabilities and equity | |||||||||||
| Current liabilities | 8 968 404 | 10 250 000 | 12 911 106 | 17 718 578 | 16 042 006 | 16 685 597 | 18 196 252 | 21 481 133 | 20 945 224 | 23 319 621 | 24 211 684 |
| Non-current liabilities | 6 081 506 | 5 622 924 | 6 807 832 | 12 667 584 | 27 899 882 | 14 272 137 | 4 860 226 | 204 584 | 251 456 | 262 496 | 178 191 |
| Total liabilities | 15 049 910 | 15 872 924 | 19 718 938 | 30 386 162 | 43 941 888 | 30 957 734 | 23 056 478 | 21 685 717 | 21 196 680 | 23 582 117 | 24 389 875 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 3 618 274 | 5 880 679 | 10 755 290 | 7 094 492 | 15 296 172 | 13 454 032 | 15 275 242 | 12 307 671 | 15 657 742 | 13 701 064 | 13 688 270 |
| Total equity | 16 052 981 | 22 480 765 | 29 265 298 | 28 107 094 | 23 263 064 | 34 613 113 | 33 646 841 | 42 723 504 | 57 856 246 | 68 457 310 | 80 045 580 |
| Income statement | |||||||||||
| Sales revenue | 69 305 187 | 75 501 178 | 104 627 069 | 129 857 422 | 154 940 649 | 163 993 609 | 171 915 936 | 188 942 689 | 207 852 550 | 216 871 354 | 233 086 553 |
| Operating profit | 4 443 145 | 6 126 441 | 11 699 085 | 7 219 354 | 15 643 711 | 13 564 325 | 14 534 942 | 11 663 755 | 14 433 233 | 12 120 128 | 11 304 242 |
| Profit before income tax | 4 253 711 | 6 592 239 | 11 565 173 | 7 113 700 | 15 391 599 | 13 544 073 | 15 275 964 | 12 541 886 | 15 752 155 | 14 329 443 | 14 178 972 |
| Profit for the reporting year | 3 618 274 | 5 880 679 | 10 755 290 | 7 094 492 | 15 296 172 | 13 454 032 | 15 275 242 | 12 307 671 | 15 657 742 | 13 701 064 | 13 688 270 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||
| Employees | 953 | 1046 | 1374 | 1720 | 1795 | 1827 | 1840 | 1862 | 1767 | 1876 | 1964 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 8 513 718 | 300 000 | 0 | 1 106 525 | 1 525 000 | 2 100 000 |
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: "FIRMA MADARA 89" SIA
Overview
"FIRMA MADARA 89" SIA (reg. no. 40003115846) is a limited liability company. The company was registered in 1993 and has been in the register for 33 years. Registered address: Smiltenes nov., Smiltene, Baznīcas laukums 2.
Financial results
Revenue in 2025 was 233 086 553 €, up 7,5% on the previous year (216 871 354 €). From 2015 to 2025, revenue grew by an average of 12,9% per year. This is the company's highest revenue among the published years (2015–2025). Net profit for 2025 was 13 688 270 € (5,9% of revenue). The company was profitable in all 11 published years. In 2025 the company had 1964 employees (1876 a year earlier). Revenue per employee was 118 680 €. At the end of 2025, total assets were 104 435 455 € and equity 80 045 580 € (76,6% of assets).
Management and owners
The company has one board member. The sole owner of the company is SIA "Madara 89 grupa". 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.