SIA "VEAM"Active

40003305553Limited liability companyFounded 1996

Key figures

247 964 €+11,9%

Revenue 2025

+6,4%

Average annual growth 2008–2025

Ratios

2025

23,8%

EBITDA margin

18,6%

Profit margin

72,7%

Equity ratio

3,4×

Current ratio

93,6%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Dividends

calculated

2025

Paid out in dividends approximately 38 299 € (92% of equity at the end of the previous year).

Low confidence: the company does not file a cash flow statement, so the amount is an estimate from changes in equity — it may also include other reductions of equity (e.g. a share capital reduction).

History

2025 ~38 299 €

2024 ~30 029 €

2023 ~29 315 €

2022 ~24 586 €

2021 ~19 043 €

2020 ~24 665 €

2019 ~29 126 €

2018 ~18 229 €

2017 ~22 310 €

2016 ~22 178 €

2015 ~13 323 €

20140 €

2013 ~31 250 €

2012 ~35 250 €

2011 ~12 000 €

2010 ~19 426 €

200928 244 €

200824 480 €

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	21 894	37 278	28 190	36 075	26 917	17 680	28 450	45 458	33 743	27 649	38 902	29 969	23 975	24 223	40 275	56 232	51 399	63 472
Total non-current assets	51 215	69 294	49 004	36 303	26 789	9817	13 426	11 308	8120	5784	6131	9693	7459	16 718	8360	6769	5350	4170
Total assets	73 109	106 572	77 194	72 378	53 706	27 497	41 876	56 766	41 863	33 433	45 033	39 662	31 434	40 941	48 635	63 001	56 749	67 642
Balance sheet — liabilities and equity
Current liabilities	7301	17 530	30 086	18 813	14 646	15 654	25 707	23 070	16 704	12 357	13 067	11 086	9551	13 515	16 480	30 132	15 319	18 439
Non-current liabilities	35 564	67 616	27 258	16 269	5561	0	0	0	0	0	0	0	0	0	0	0	0	0
Total liabilities	42 865	85 146	57 344	35 082	20 207	15 654	25 707	23 070	16 704	12 357	13 067	11 086	9551	13 515	16 480	30 132	15 319	18 439
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	28 241	19 426	17 850	29 446	31 453	9594	29 123	30 850	13 641	18 227	29 119	25 736	17 972	24 586	29 315	30 029	38 590	46 072
Total equity	30 244	21 426	19 850	37 296	33 499	11 843	16 169	33 696	25 159	21 076	31 966	28 576	21 883	27 426	32 155	32 869	41 430	49 203
Income statement
Sales revenue	86 011	83 525	127 523	132 434	112 630	78 084	151 877	182 723	165 643	158 914	168 728	154 754	135 039	148 333	178 830	213 013	221 510	247 964
Operating profit	32 553	23 890	24 004	37 717	37 885	12 618	35 168	36 906	16 250	21 618	29 485	32 283	24 089	33 369	38 529	37 409	46 244	55 798
EBITDA	46 820	40 685	44 629	57 718	52 966	23 180	44 462	43 692	21 427	24 963	32 913	37 493	29 653	38 935	43 383	42 174	49 805	59 054
Profit before income tax	30 946	22 184	22 450	36 066	37 025	12 815	35 459	36 910	16 392	21 618	29 485	32 544	24 140	33 206	37 494	37 358	46 098	55 647
Profit for the reporting year	28 241	19 426	17 850	29 446	31 453	9594	29 123	30 850	13 641	18 227	29 119	25 736	17 972	24 586	29 315	30 029	38 590	46 072
Labour costs	31 248	23 864	24 346	25 826	27 311	25 799	54 631	86 988	82 929	81 114	88 923	72 548	75 199	81 465	107 147	132 288	127 197	133 240
Depreciation of non-current assets	14 267	16 795	20 625	20 001	15 081	10 562	9294	6786	5177	3345	3428	5210	5564	5566	4854	4765	3561	3256
Other indicators
Employees	7	6	6	6	6	5	5	5	5	5	5	4	4	4	4	5	4	4
Calculated dividend	24 480	28 244	19 426	12 000	35 250	31 250	0	13 323	22 178	22 310	18 229	29 126	24 665	19 043	24 586	29 315	30 029	38 299

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 "VEAM"

Overview

SIA "VEAM" (reg. no. 40003305553) is a limited liability company. The company was registered in 1996 and has been in the register for 30 years. Registered address: Ķekavas nov., Baloži, Vīgriežu iela 2.

Financial results

Revenue in 2025 was 247 964 €, up 11,9% on the previous year (221 510 €). From 2008 to 2025, revenue grew by an average of 6,4% per year. This is the company's highest revenue among the published years (2008–2025). Net profit for 2025 was 46 072 € (18,6% of revenue). The company was profitable in all 18 published years. In 2025 the company had 4 employees. Revenue per employee was 61 991 €. At the end of 2025, total assets were 67 642 € and equity 49 203 € (72,7% of assets).

Management and owners

The company has one board member. According to the register, the company has 2 owners. The largest stake (80%) 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.