M.G.S. IT SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2013–2025
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 451 | 571 | 481 | 11 559 | 34 614 | 419 645 | 256 875 | 524 998 | 766 405 | 452 854 | 493 206 | 418 279 | 496 669 |
| Total non-current assets | 0 | 0 | 0 | 4431 | 6201 | 14 919 | 25 587 | 24 564 | 47 056 | 67 736 | 48 232 | 28 770 | 20 751 |
| Total assets | 451 | 571 | 481 | 15 990 | 40 815 | 434 564 | 282 462 | 549 562 | 813 461 | 520 590 | 541 438 | 447 049 | 517 420 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 3797 | 8672 | 6294 | 0 | 0 | 58 166 | 149 389 | 222 411 | 302 351 | 332 435 | 296 331 | 205 275 | 231 845 |
| Non-current liabilities | 0 | 0 | 0 | 7561 | 11 886 | 0 | 0 | 0 | 0 | 5579 | 5855 | 0 | 0 |
| Total liabilities | 3797 | 8672 | 6294 | 7561 | 11 886 | 58 166 | 149 389 | 222 411 | 302 351 | 338 014 | 302 186 | 205 275 | 231 845 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -1012 | -3340 | 2278 | 14 252 | 20 500 | 347 475 | -196 462 | 194 078 | 283 959 | -183 534 | 56 676 | 92 521 | 43 801 |
| Total equity | -3346 | -8101 | -5823 | 8429 | 28 929 | 376 398 | 133 073 | 327 151 | 511 110 | 182 576 | 239 252 | 241 774 | 285 575 |
| Income statement | |||||||||||||
| Sales revenue | 1288 | 580 | 5973 | 35 367 | 59 489 | 1 092 148 | 1 034 539 | 1 766 621 | 2 151 195 | 2 080 366 | 1 747 925 | 1 526 411 | 1 435 945 |
| Operating profit | -1012 | -3340 | 2328 | 15 631 | 20 950 | 352 233 | -196 462 | 194 078 | 308 959 | -146 967 | 58 487 | 115 021 | 44 599 |
| Profit before income tax | -1012 | -3340 | 2328 | 15 422 | 24 215 | 347 475 | -196 462 | 194 078 | 308 959 | -146 967 | 56 729 | 115 021 | 43 801 |
| Profit for the reporting year | -1012 | -3340 | 2278 | 14 252 | 20 500 | 347 475 | -196 462 | 194 078 | 283 959 | -183 534 | 56 676 | 92 521 | 43 801 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 1 | 1 | 1 | 5 | 7 | 17 | 18 | 22 | 22 | 12 | 30 | 24 | 23 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 46 863 | 0 | 100 000 | 145 000 | 0 | 89 999 | 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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Related companies
- SIA M.G.S. SERVICE — 3 shared people
Summary: M.G.S. IT SIA
Overview
M.G.S. IT SIA (reg. no. 40003124232) is a limited liability company. The company was registered in 1993 and has been in the register for 33 years. Registered address: Rīga, Braslas iela 22D.
Financial results
Revenue in 2025 was 1 435 945 €, down 5,9% on the previous year (1 526 411 €). From 2013 to 2025, revenue grew by an average of 79,4% per year. Net profit for 2025 was 43 801 € (3,1% of revenue). The company was profitable in 9 of the 13 published years. In 2025 the company had 23 employees (24 a year earlier). Revenue per employee was 62 432 €. At the end of 2025, total assets were 517 420 € and equity 285 575 € (55,2% of assets).
Management and owners
The board has 3 members. According to the register, the company has 3 owners. The largest stake (33,4%) is held by a private individual.
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.