SIA "Pipelife Latvia"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2011–2025
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 1 265 519 | 1 546 950 | 1 508 344 | 2 755 941 | 2 658 763 | 1 145 041 | 1 271 656 | 1 231 037 | 1 907 644 | 2 640 199 | 3 361 560 | 3 790 772 | 4 138 376 | 4 949 964 | 4 985 689 |
| Total non-current assets | 51 581 | 47 052 | 44 558 | 126 732 | 107 581 | 91 341 | 48 906 | 30 359 | 24 566 | 37 233 | 52 577 | 304 087 | 339 874 | 304 919 | 240 653 |
| Total assets | 1 317 100 | 1 594 002 | 1 552 902 | 2 882 673 | 2 766 344 | 1 236 382 | 1 320 562 | 1 261 396 | 1 932 210 | 2 677 432 | 3 414 137 | 4 094 859 | 4 478 250 | 5 254 883 | 5 226 342 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 430 231 | 446 284 | 264 536 | 855 262 | 470 729 | 495 471 | 591 570 | 648 100 | 812 270 | 1 080 970 | 1 087 624 | 1 307 078 | 1 003 749 | 1 376 105 | 884 033 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6642 | 47 622 | 34 145 | 19 535 |
| Total liabilities | 430 231 | 446 284 | 264 536 | 855 262 | 470 729 | 495 471 | 591 570 | 648 100 | 812 270 | 1 080 970 | 1 087 624 | 1 313 720 | 1 051 371 | 1 410 250 | 903 568 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 126 946 | 257 353 | 138 001 | 199 698 | 272 005 | 47 851 | -11 919 | 163 417 | 506 644 | 476 522 | 730 051 | 454 626 | 645 740 | 417 754 | 478 141 |
| Total equity | 884 703 | 1 142 056 | 1 280 057 | 2 021 055 | 2 293 060 | 740 911 | 728 992 | 613 296 | 1 119 940 | 1 596 462 | 2 326 513 | 2 781 139 | 3 426 879 | 3 844 633 | 4 322 774 |
| Income statement | |||||||||||||||
| Sales revenue | 5 634 120 | 6 516 048 | 5 566 683 | 8 483 749 | 6 654 615 | 4 450 131 | 4 984 602 | 6 284 127 | 7 954 815 | 6 954 448 | 8 410 297 | 9 617 782 | 9 558 729 | 9 324 344 | 11 039 024 |
| Operating profit | 214 512 | 303 166 | 177 028 | 241 082 | 325 419 | 72 481 | 47 085 | 170 186 | 517 014 | 489 358 | 742 982 | 606 288 | 575 582 | 461 600 | 425 767 |
| Profit before income tax | 165 666 | 319 350 | 168 218 | 241 584 | 325 409 | 72 471 | 47 058 | 170 186 | 517 014 | 489 358 | 742 982 | 612 191 | 639 027 | 549 132 | 484 645 |
| Profit for the reporting year | 126 946 | 257 353 | 138 001 | 199 698 | 272 005 | 47 851 | -11 919 | 163 417 | 506 644 | 476 522 | 730 051 | 454 626 | 645 740 | 417 754 | 478 141 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 17 | 17 | 18 | 17 | 17 | 16 | 16 | 16 | 16 | 18 | 23 | 30 | 38 | 39 | 37 |
| Calculated dividend | 1 124 487 | 0 | 0 | 0 | 0 | 1 600 000 | 0 | 279 113 | 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 "Pipelife Latvia"
Overview
SIA "Pipelife Latvia" (reg. no. 40003318628) is a limited liability company. The company was registered in 1996 and has been in the register for 29 years. Registered address: Rīga, Kārļa Ulmaņa gatve 2.
Financial results
Revenue in 2025 was 11 039 024 €, up 18,4% on the previous year (9 324 344 €). From 2011 to 2025, revenue grew by an average of 4,9% per year. This is the company's highest revenue among the published years (2011–2025). Net profit for 2025 was 478 141 € (4,3% of revenue). The company was profitable in 14 of the 15 published years. In 2025 the company had 37 employees (39 a year earlier). Revenue per employee was 298 352 €. At the end of 2025, total assets were 5 226 342 € and equity 4 322 774 € (82,7% of assets).
Management and owners
The board has 3 members. The sole owner of the company is PipeLife Nordic Aktiebolag sabiedrība ar ierobežotu atbildību.
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.