SIA "SETS"Active
Key figures
Ratios
2025Balance sheet structure
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 | 83 929 | 93 190 | 119 756 | 211 560 | 231 136 | 411 330 | 361 145 | 342 350 | 291 769 | 335 027 | 323 589 | 295 356 | 290 987 | 292 865 | 322 146 | 317 337 | 302 679 |
| Total non-current assets | 18 262 | 14 759 | 8514 | 4879 | 7813 | 9810 | 7312 | 3737 | 9818 | 8745 | 8730 | 5446 | 2756 | 1924 | 2299 | 1389 | 1426 |
| Total assets | 102 191 | 107 949 | 128 270 | 216 439 | 238 949 | 421 140 | 368 457 | 346 087 | 301 587 | 343 772 | 332 319 | 300 802 | 293 743 | 294 789 | 324 445 | 318 726 | 304 105 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 24 524 | 16 072 | 40 559 | 53 634 | 65 953 | 116 235 | 50 159 | 125 438 | 181 879 | 133 307 | 108 878 | 48 988 | 103 477 | 183 841 | 103 379 | 47 696 | 105 962 |
| Non-current liabilities | 86 927 | 99 098 | 94 884 | 211 226 | 221 386 | 373 290 | 386 223 | 515 998 | 603 767 | 710 161 | 760 729 | 840 819 | 874 570 | 928 690 | 969 321 | 965 801 | 954 301 |
| Total liabilities | 111 451 | 115 170 | 135 443 | 264 860 | 287 339 | 489 525 | 436 382 | 641 436 | 785 646 | 843 468 | 869 607 | 889 807 | 978 047 | 1 112 531 | 1 072 700 | 1 013 497 | 1 060 263 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -10 061 | 2039 | 48 | -41 248 | 31 | 468 | 460 | -227 423 | -188 710 | -15 637 | -37 592 | -51 717 | -95 299 | -133 438 | 69 489 | 53 483 | -61 386 |
| Total equity | -9260 | -7221 | -7173 | -48 421 | -48 390 | -68 385 | -67 925 | -295 349 | -484 059 | -499 696 | -537 288 | -589 005 | -684 304 | -817 742 | -748 255 | -694 771 | -756 158 |
| Income statement | |||||||||||||||||
| Sales revenue | 75 906 | 82 791 | 92 779 | 96 095 | 153 788 | 232 274 | 210 641 | 206 063 | 300 517 | 235 867 | 197 847 | 208 053 | 199 854 | 345 909 | 618 076 | 523 438 | 499 279 |
| Operating profit | -6276 | 3604 | 2377 | -39 829 | 1843 | 468 | 460 | -227 423 | -188 710 | -15 637 | -36 792 | -51 517 | -95 299 | -133 438 | 69 489 | 53 483 | -61 386 |
| Profit before income tax | -10 061 | 2039 | 48 | -41 248 | 31 | 468 | 460 | -227 423 | -188 710 | -15 637 | -37 592 | -51 717 | -95 299 | -133 438 | 69 489 | 53 483 | -61 386 |
| Profit for the reporting year | -10 061 | 2039 | 48 | -41 248 | 31 | 468 | 460 | -227 423 | -188 710 | -15 637 | -37 592 | -51 717 | -95 299 | -133 438 | 69 489 | 53 483 | -61 386 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 8 | 5 | 4 | 5 | 5 | 4 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 4 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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: SIA "SETS"
Overview
SIA "SETS" (reg. no. 40003191642) is a limited liability company. The company was registered in 1994 and has been in the register for 32 years. Registered address: Rīga, Kārļa Mīlenbaha iela 1 - 51.
Financial results
Revenue in 2025 was 499 279 €, down 4,6% on the previous year (523 438 €). From 2009 to 2025, revenue grew by an average of 12,5% per year. 2025 ended with a loss of 61 386 €. The company was profitable in 7 of the 17 published years. In 2025 the company had 4 employees (3 a year earlier). Revenue per employee was 124 820 €.
Management and owners
The company has one board member. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual.
Points to note
Equity was negative at the end of 2025 (-756 158 €).
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.