AS "RECIPE PLUS"Active

40003234547Joint-stock companyFounded 1995

Key figures

305 815 381 €+9,3%

Revenue 2025

+9,2%

Average annual growth 2009–2025

Ratios

2025

-0,9%

Profit margin

65,5%

Equity ratio

1,5×

Current ratio

-2,1%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Dividends

from the report

2025

Dividends paid 2 595 963 € (2% of equity at the end of the previous year).

History

20252 595 963 €

20241 090 000 €

2023365 000 €

2022500 000 €

20210 €

2020620 000 €

201910 578 781 €

20188 012 000 €

20179 300 000 €

20167 000 000 €

201599 000 000 €

201417 060 489 €

201310 892 350 €

201246 015 €

20112 202 097 €

20106 741 722 €

20094 924 919 €

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	40 124 426	29 909 720	32 993 119	30 938 944	29 817 497	37 261 264	40 679 947	50 189 220	50 975 097	60 653 280	66 666 279	94 533 848	119 200 246	66 333 559	60 137 177	96 333 313	105 625 923
Total non-current assets	573 614	503 565	464 052	457 774	433 306	697 502	630 215	640 515	752 496	817 453	819 717	6 583 724	759 318	79 351 248	115 720 342	115 970 529	98 221 950
Total assets	40 698 040	30 413 285	33 457 171	31 396 718	30 250 803	37 958 766	41 310 162	50 829 735	51 727 593	61 470 733	67 485 996	101 117 572	119 959 564	145 684 807	175 857 519	212 303 842	203 847 873
Balance sheet — liabilities and equity
Current liabilities	33 926 267	23 363 685	25 534 534	21 080 877	21 607 259	26 301 603	27 811 749	36 469 291	31 496 812	33 723 174	31 869 403	43 743 231	41 508 424	45 785 240	56 506 995	73 421 932	70 380 922
Non-current liabilities	39 083	33 677	30 187	19 711	13 297	8479	5337	0	0	0	0	0	0	0	0	0	0
Total liabilities	33 965 350	23 397 362	25 564 721	21 100 588	21 620 556	26 310 082	27 817 086	36 469 291	31 496 812	33 723 174	31 869 403	43 743 231	41 508 424	45 785 240	56 506 995	73 421 932	70 380 922
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	5 513 151	5 799 874	6 651 527	1 467 108	7 384 117	9 912 448	11 747 809	12 567 368	10 470 337	15 528 778	18 447 815	22 377 748	21 076 799	21 948 427	19 815 957	22 236 386	-2 818 996
Total equity	6 732 690	7 015 923	7 892 450	10 296 130	8 630 247	11 648 684	13 493 076	14 360 444	20 230 781	27 747 559	35 616 593	57 374 341	78 451 140	99 899 567	119 350 524	138 881 910	133 466 951
Income statement
Sales revenue	74 391 602	87 165 222	84 455 526	15 284 954	92 149 201	140 620 394	149 714 828	171 287 119	175 714 356	195 181 272	190 365 755	198 096 664	203 113 186	230 846 910	252 395 368	279 881 218	305 815 381
Operating profit	6 850 074	7 147 309	7 981 469	1 697 000	8 635 740	11 734 224	13 806 186	14 788 494	12 104 228	15 722 237	18 661 277	22 674 408	20 480 085	21 693 302	19 055 096	21 627 418	-40 118 133
EBITDA	7 010 434	7 316 291	8 138 958	1 726 121	8 790 653	11 996 087	14 079 829	—	—	—	—	—	—	—	—	—	—
Profit before income tax	6 350 499	6 668 384	7 703 915	1 686 966	8 572 814	11 588 761	13 627 864	14 668 669	12 035 488	15 594 449	18 528 909	22 568 795	21 174 699	22 118 074	19 867 047	22 440 421	-2 627 025
Profit for the reporting year	5 513 151	5 799 874	6 651 527	1 467 108	7 384 117	9 912 448	11 747 809	12 567 368	10 470 337	15 528 778	18 447 815	22 377 748	21 076 799	21 948 427	19 815 957	22 236 386	-2 818 996
Labour costs	935 431	976 989	1 010 295	220 254	1 453 720	2 570 963	2 629 926	—	—	—	—	—	—	—	—	—	—
Depreciation of non-current assets	160 360	168 982	157 489	29 121	154 913	261 863	273 643	—	—	—	—	—	—	—	—	—	—
Other indicators
Employees	175	167	171	184	191	194	201	208	212	204	211	231	231	263	273	280	311
Calculated dividend	4 924 919	6 741 722	2 202 097	46 015	10 892 350	17 060 489	99 000 000	7 000 000	9 300 000	8 012 000	10 578 781	620 000	0	500 000	365 000	1 090 000	2 595 963

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.

Connections graph

Click a node to see its other connections.

CompanyPersonShareholderOther roleAdditional link

Related companies

Companies in which this company is a member

SIA "24D" — 100%
SIA "NovusVet Latvija" — 100%

Shared members or board members

Same registered address

Summary: AS "RECIPE PLUS"

Overview

AS "RECIPE PLUS" (reg. no. 40003234547) is a joint-stock company. The company was registered in 1995 and has been in the register for 31 years. Registered address: Rīga, Mūkusalas iela 41B.

Financial results

Revenue in 2025 was 305 815 381 €, up 9,3% on the previous year (279 881 218 €). From 2009 to 2025, revenue grew by an average of 9,2% per year. This is the company's highest revenue among the published years (2009–2025). 2025 ended with a loss of 2 818 996 €. The company was profitable in 16 of the 17 published years. In 2025 the company had 311 employees (280 a year earlier). Revenue per employee was 983 329 €. At the end of 2025, total assets were 203 847 873 € and equity 133 466 951 € (65,5% of assets).

Management and owners

The company has one board member. The company holds stakes in 2 active Latvian companies.

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.