Tieto Banktech Latvia SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 14 000 000 € (63% of equity at the end of the previous year).
Summary of financial statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 15 318 382 | 15 615 268 | 16 186 942 | 10 025 579 | 13 962 082 | 11 408 014 | 19 706 641 | 17 758 166 | 27 550 454 | 21 078 392 | 20 448 265 | 12 373 801 |
| Total non-current assets | 622 695 | 497 229 | 341 441 | 425 610 | 388 344 | 1 062 241 | 1 976 105 | 2 189 243 | 3 852 467 | 5 723 598 | 8 196 215 | 5 889 800 |
| Total assets | 15 941 077 | 16 112 497 | 16 528 383 | 10 451 189 | 14 350 426 | 12 470 255 | 21 682 746 | 19 947 409 | 31 402 921 | 26 801 990 | 28 644 480 | 18 263 601 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 10 019 502 | 9 694 868 | 6 470 063 | 5 880 311 | 6 845 353 | 6 919 527 | 8 316 428 | 9 147 144 | 12 805 720 | 6 846 927 | 6 451 826 | 8 640 919 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 10 019 502 | 9 694 868 | 6 470 063 | 5 880 311 | 6 845 353 | 6 919 527 | 8 316 428 | 9 147 144 | 12 805 720 | 6 846 927 | 6 451 826 | 8 640 919 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 3 512 687 | 4 008 053 | 3 638 992 | 2 160 471 | 5 510 952 | 3 547 127 | 7 164 874 | 4 634 251 | 7 777 033 | 4 909 257 | 2 242 763 | 1 427 011 |
| Total equity | 5 921 575 | 6 416 941 | 10 055 933 | 4 569 359 | 7 492 448 | 5 528 623 | 13 319 855 | 10 789 232 | 18 566 265 | 19 937 767 | 22 180 530 | 9 607 541 |
| Income statement | ||||||||||||
| Sales revenue | 39 724 313 | 40 356 092 | 39 380 665 | 37 160 683 | 40 902 566 | 44 303 362 | 49 777 230 | 54 561 152 | 64 077 710 | 37 411 993 | 33 239 995 | 38 829 559 |
| Operating profit | 4 382 192 | 4 478 156 | 4 234 785 | 2 621 891 | 5 482 613 | 4 021 727 | 6 779 006 | 5 736 314 | 7 030 856 | 4 261 417 | 1 226 046 | 4 662 545 |
| EBITDA | 4 984 108 | 4 941 096 | 4 670 118 | 2 868 735 | 5 703 999 | 4 199 188 | 7 008 270 | 6 023 549 | 7 364 388 | 4 397 593 | 1 409 973 | 5 271 243 |
| Profit before income tax | 4 075 868 | 4 521 437 | 4 185 783 | 2 464 469 | 5 514 418 | 4 008 195 | 6 653 458 | 5 839 277 | 7 103 179 | 4 318 590 | 1 609 517 | 4 571 174 |
| Profit for the reporting year | 3 512 687 | 4 008 053 | 3 638 992 | 2 160 471 | 5 510 952 | 3 547 127 | 7 164 874 | 4 634 251 | 7 777 033 | 4 909 257 | 2 242 763 | 1 427 011 |
| Labour costs | 19 864 203 | 21 083 521 | 21 313 706 | 22 582 018 | 23 733 091 | 27 186 815 | 30 401 962 | 35 276 789 | 39 160 330 | 21 286 799 | 20 704 073 | 21 625 719 |
| Depreciation of non-current assets | 601 916 | 462 940 | 435 333 | 246 844 | 221 386 | 177 461 | 229 264 | 287 235 | 333 532 | 136 176 | 183 927 | 608 698 |
| Other indicators | ||||||||||||
| Employees | 745 | 759 | 728 | 695 | 718 | 756 | 1026 | 1019 | 1094 | 380 | 389 | 371 |
| Calculated dividend | 5 264 626 | 3 512 687 | 0 | 7 647 045 | 2 600 000 | 5 510 952 | 0 | 7 164 874 | 0 | 0 | 0 | 14 000 000 |
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: Tieto Banktech Latvia SIA
Overview
Tieto Banktech Latvia SIA (reg. no. 40003193130) is a limited liability company. The company was registered in 1994 and has been in the register for 32 years. Registered address: Rīga, Roberta Hirša iela 1.
Financial results
Revenue in 2025 was 38 829 559 €, up 16,8% on the previous year (33 239 995 €). Net profit for 2025 was 1 427 011 € (3,7% of revenue). The company was profitable in all 12 published years. In 2025 the company had 371 employees (389 a year earlier). Revenue per employee was 104 662 €. At the end of 2025, total assets were 18 263 601 € and equity 9 607 541 € (52,6% of assets).
Management and owners
The board has 3 members. The sole owner of the company is Tieto Oyj.
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.