SIA "MADAS"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2009–2025
| 2009 | 2010 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 485 861 | 605 951 | 394 660 | 339 255 | 250 976 | 229 660 | 223 178 | 226 697 | 253 813 | 170 837 | 263 345 | 288 249 | 277 710 | 255 147 | 203 042 | 97 683 |
| Total non-current assets | 25 624 | 14 602 | 94 913 | 89 862 | 41 467 | 26 061 | 11 925 | 5470 | 1064 | 31 010 | 47 927 | 34 914 | 65 048 | 48 142 | 32 293 | 57 839 |
| Total assets | 511 485 | 620 553 | 489 573 | 429 117 | 292 443 | 255 721 | 235 103 | 232 167 | 254 877 | 201 847 | 311 272 | 323 163 | 342 758 | 303 289 | 235 335 | 155 522 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 81 416 | 137 555 | 18 148 | 228 539 | 239 846 | 142 971 | 108 215 | 107 923 | 194 423 | 165 887 | 208 320 | 153 325 | 97 554 | 99 054 | 98 709 | 65 475 |
| Non-current liabilities | 359 610 | 329 866 | 297 082 | 22 365 | 19 973 | 9076 | 3168 | 0 | 0 | 19 175 | 29 062 | 20 080 | 5717 | 591 | 0 | 0 |
| Total liabilities | 441 026 | 467 421 | 315 230 | 250 904 | 259 819 | 152 047 | 111 383 | 107 923 | 194 423 | 185 062 | 237 382 | 173 405 | 103 271 | 99 645 | 98 709 | 65 475 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 61 724 | 83 456 | 17 131 | 4726 | -133 126 | 71 064 | 18 247 | 524 | 53 354 | -43 669 | 57 105 | 75 868 | 89 729 | -35 843 | -67 018 | -46 579 |
| Total equity | 68 394 | 151 850 | 172 628 | 177 354 | 31 402 | 102 452 | 123 720 | 124 244 | 60 454 | 16 785 | 73 890 | 149 758 | 239 487 | 203 644 | 136 626 | 90 047 |
| Income statement | ||||||||||||||||
| Sales revenue | 1 673 634 | 2 373 898 | 845 862 | 647 171 | 1 170 763 | 969 544 | 1 465 877 | 2 142 574 | 1 704 662 | 1 220 357 | 1 151 935 | 1 087 429 | 1 346 439 | 1 260 566 | 960 036 | 789 568 |
| Operating profit | 66 993 | 115 483 | 18 957 | 2723 | -124 188 | 78 682 | 18 547 | 783 | 53 382 | -43 322 | 58 520 | 77 108 | 90 548 | -35 034 | -66 688 | -46 571 |
| Profit before income tax | 73 759 | 97 841 | 19 081 | 4335 | -127 900 | 74 085 | 18 247 | 655 | 53 364 | -43 669 | 57 105 | 75 868 | 89 741 | -35 745 | -67 018 | -46 579 |
| Profit for the reporting year | 61 724 | 83 456 | 17 131 | 4726 | -133 126 | 71 064 | 18 247 | 524 | 53 354 | -43 669 | 57 105 | 75 868 | 89 729 | -35 843 | -67 018 | -46 579 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Calculated dividend | 581 233 | 0 | 0 | 0 | 79 042 | 0 | 0 | 0 | 117 144 | 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: SIA "MADAS"
Overview
SIA "MADAS" (reg. no. 40003146070) is a limited liability company. The company was registered in 1993 and has been in the register for 33 years. Registered address: Rīga, Tēriņu iela 19.
Financial results
Revenue in 2025 was 789 568 €, down 17,8% on the previous year (960 036 €). From 2009 to 2025, revenue declined by an average of 4,9% per year. 2025 ended with a loss of 46 579 €. The company was profitable in 11 of the 16 published years. In 2025 the company had 2 employees. Revenue per employee was 394 784 €. At the end of 2025, total assets were 155 522 € and equity 90 047 € (57,9% of assets).
Management and owners
The board has 2 members. According to the register, the company has 4 owners. The largest stake (48%) 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.