Bitus Latvia SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2008–2025
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||||
| Total current assets | 7 825 770 | 6 415 361 | 8 074 822 | 9 376 496 | 10 923 907 | 11 166 495 | 20 459 770 | 17 271 704 | 19 102 245 | 20 933 311 | 30 038 933 | 24 519 096 | 29 253 822 | 44 612 007 | 39 262 703 | 33 894 675 | 35 304 936 | 28 588 351 |
| Total non-current assets | 4 738 183 | 4 669 489 | 4 056 530 | 3 940 128 | 3 625 268 | 4 862 295 | 7 318 474 | 7 708 236 | 9 074 989 | 11 439 639 | 13 225 857 | 16 293 554 | 16 197 794 | 18 443 491 | 19 922 550 | 20 411 347 | 20 606 361 | 22 534 335 |
| Total assets | 12 563 953 | 11 084 850 | 12 131 352 | 13 316 624 | 14 549 175 | 16 028 790 | 27 778 244 | 24 979 940 | 28 177 234 | 32 372 950 | 43 264 790 | 40 812 650 | 45 451 616 | 63 055 498 | 59 185 253 | 54 306 022 | 55 911 297 | 51 122 686 |
| Balance sheet — liabilities and equity | ||||||||||||||||||
| Current liabilities | 3 923 643 | 2 826 841 | 3 914 008 | 5 106 520 | 3 408 784 | 5 986 226 | 5 809 910 | 7 062 001 | 4 649 267 | 5 098 286 | 11 913 087 | 6 336 883 | 8 129 500 | 11 791 241 | 6 222 833 | 5 756 307 | 4 917 624 | 4 831 175 |
| Non-current liabilities | 4 528 881 | 3 497 995 | 2 466 171 | 1 754 292 | 3 860 796 | 565 025 | 5 961 345 | 1 999 651 | 5 449 437 | 5 125 106 | 4 998 376 | 24 531 549 | 21 916 168 | 20 254 556 | 22 685 405 | 20 223 794 | 20 166 936 | 15 049 147 |
| Total liabilities | 8 452 524 | 6 324 836 | 6 380 179 | 6 860 812 | 7 269 580 | 6 551 251 | 11 771 255 | 9 061 652 | 10 098 704 | 10 223 392 | 16 911 463 | 30 868 432 | 30 045 668 | 32 045 797 | 28 908 238 | 25 980 101 | 25 084 560 | 19 880 322 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -1 069 248 | -237 130 | 1 016 680 | 704 639 | 823 783 | 994 461 | 2 821 665 | 2 942 963 | 2 860 242 | 3 962 518 | 4 121 666 | 3 539 633 | 5 487 456 | 15 586 063 | -752 661 | -1 905 726 | 2 482 195 | 417 463 |
| Total equity | 4 096 670 | 4 745 255 | 5 751 173 | 6 455 812 | 7 279 595 | 9 465 539 | 15 989 915 | 15 901 214 | 18 061 456 | 22 023 976 | 26 145 642 | 9 685 275 | 15 172 731 | 30 758 794 | 30 006 133 | 28 100 407 | 30 582 602 | 31 000 065 |
| Income statement | ||||||||||||||||||
| Sales revenue | 18 232 911 | 17 253 669 | 27 749 276 | 30 513 633 | 32 791 575 | 37 361 617 | 63 792 329 | 65 307 504 | 61 130 395 | 68 706 885 | 75 444 086 | 79 282 697 | 82 691 291 | 122 879 780 | 95 057 430 | 72 658 104 | 69 119 360 | 70 612 636 |
| Operating profit | -587 316 | -68 987 | 1 266 140 | 901 315 | 1 038 682 | 1 254 716 | 3 257 530 | 3 691 906 | 4 195 002 | 4 052 470 | 4 304 487 | 3 783 632 | 5 773 849 | 15 502 096 | -273 676 | -1 961 663 | 2 207 847 | 651 389 |
| Profit before income tax | -1 229 672 | -226 467 | 1 205 939 | 777 271 | 902 465 | 1 138 139 | 3 181 515 | 3 450 936 | 3 544 686 | 3 890 674 | 4 087 175 | 3 539 633 | 5 487 456 | 15 586 063 | -752 661 | -1 905 726 | 2 482 195 | 417 463 |
| Profit for the reporting year | -1 069 248 | -237 130 | 1 016 680 | 704 639 | 823 783 | 994 461 | 2 821 665 | 2 942 963 | 2 860 242 | 3 962 518 | 4 121 666 | 3 539 633 | 5 487 456 | 15 586 063 | -752 661 | -1 905 726 | 2 482 195 | 417 463 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||||
| Employees | 351 | 278 | 421 | 509 | 501 | 523 | 516 | 521 | 470 | 499 | 509 | 550 | 525 | 570 | 518 | 455 | 431 | 418 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 300 000 | 400 000 | 900 000 | 0 | 0 | 0 | 0 | 0 | 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: Bitus Latvia SIA
Overview
Bitus Latvia SIA (reg. no. 40003139859) is a limited liability company. The company was registered in 1993 and has been in the register for 33 years. Registered address: Valmieras nov., Kocēnu pag., "Jorvika".
Financial results
Revenue in 2025 was 70 612 636 €, up 2,2% on the previous year (69 119 360 €). From 2008 to 2025, revenue grew by an average of 8,3% per year. Net profit for 2025 was 417 463 € (0,6% of revenue). The company was profitable in 14 of the 18 published years. In 2025 the company had 418 employees (431 a year earlier). Revenue per employee was 168 930 €. At the end of 2025, total assets were 51 122 686 € and equity 31 000 065 € (60,6% of assets).
Management and owners
The board has 4 members. The sole owner of the company is Bergs Timber AB.
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.