Valsts sabiedrība ar ierobežotu atbildību "Latvijas Valsts ceļi"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 107 848 € (2% of equity at the end of the previous year).
Summary of financial statements2011–2025
| 2011 | 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 1 371 002 | 1 471 450 | 1 351 306 | 2 291 668 | 2 634 784 | 2 384 317 | 2 922 203 | 2 113 435 | 2 437 149 | 4 243 908 | 4 378 370 | 4 086 324 | 3 352 521 | 4 129 789 |
| Total non-current assets | 2 519 646 | 2 624 157 | 4 218 383 | 3 840 085 | 3 750 931 | 4 175 987 | 4 688 703 | 4 938 637 | 5 350 936 | 4 736 974 | 4 430 054 | 4 110 504 | 4 586 587 | 4 337 098 |
| Total assets | 3 890 648 | 4 095 607 | 5 569 689 | 6 131 753 | 6 385 715 | 6 560 304 | 7 610 906 | 7 052 072 | 7 788 085 | 8 980 882 | 8 808 424 | 8 196 828 | 7 939 108 | 8 466 887 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 281 090 | 745 458 | 813 252 | 520 961 | 1 520 142 | 1 570 201 | 2 419 128 | 1 729 453 | 2 391 071 | 3 497 359 | 3 527 416 | 2 838 942 | 2 543 471 | 2 932 774 |
| Non-current liabilities | 16 002 | 27 785 | 92 249 | 24 598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 297 092 | 773 243 | 905 501 | 545 559 | 1 520 142 | 1 570 201 | 2 419 128 | 1 729 453 | 2 391 071 | 3 497 359 | 3 527 416 | 2 838 942 | 2 543 471 | 2 932 774 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 38 266 | 36 390 | 43 561 | 57 793 | 54 768 | 59 485 | 95 950 | 81 800 | 295 204 | 305 421 | 182 934 | 187 384 | 154 068 | 218 097 |
| Total equity | 2 990 790 | 2 992 741 | 4 256 015 | 4 235 451 | 4 262 803 | 4 322 288 | 4 370 650 | 4 370 893 | 4 600 657 | 4 669 915 | 4 657 379 | 4 727 685 | 4 761 828 | 4 872 077 |
| Income statement | ||||||||||||||
| Sales revenue | 7 352 911 | 8 099 799 | 12 132 188 | 13 581 238 | 13 176 125 | 14 529 548 | 15 427 002 | 15 788 764 | 17 865 114 | 19 268 718 | 19 240 562 | 20 930 422 | 20 081 473 | 20 484 527 |
| Operating profit | 55 463 | 57 743 | 101 844 | 77 869 | 54 768 | 61 127 | 95 950 | 81 800 | 295 204 | 305 421 | 207 368 | 203 548 | 158 547 | 229 067 |
| EBITDA | 443 974 | 498 342 | 699 080 | 653 387 | 542 160 | 600 709 | 778 270 | 940 890 | 1 309 550 | 1 409 701 | 1 134 406 | 1 035 114 | 1 030 735 | 1 323 284 |
| Profit before income tax | 60 774 | 62 814 | 101 693 | 77 336 | 54 768 | 61 127 | 95 950 | 81 800 | 295 204 | 305 421 | 207 368 | 210 537 | 175 541 | 240 712 |
| Profit for the reporting year | 38 266 | 36 390 | 43 561 | 57 793 | 54 768 | 59 485 | 95 950 | 81 800 | 295 204 | 305 421 | 182 934 | 187 384 | 154 068 | 218 097 |
| Labour costs | 5 319 434 | 6 241 605 | 9 034 696 | 10 346 007 | 10 095 174 | 10 358 952 | 10 744 889 | 10 976 070 | 12 584 505 | 13 906 302 | 13 838 302 | 15 910 560 | 15 198 698 | 15 394 692 |
| Depreciation of non-current assets | 388 511 | 440 599 | 597 236 | 575 518 | 487 392 | 539 582 | 682 320 | 859 090 | 1 014 346 | 1 104 280 | 927 038 | 831 566 | 872 188 | 1 094 217 |
| Other indicators | ||||||||||||||
| Employees | 333 | 319 | 334 | 332 | 334 | 335 | 334 | 336 | 333 | 332 | 353 | 366 | 363 | 354 |
| Calculated dividend | 39 500 | 34 439 | 0 | 0 | 52 014 | 0 | 47 588 | 81 557 | 65 440 | 236 163 | 195 469 | 117 078 | 119 926 | 107 848 |
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: Valsts sabiedrība ar ierobežotu atbildību "Latvijas Valsts ceļi"
Overview
Valsts sabiedrība ar ierobežotu atbildību "Latvijas Valsts ceļi" (reg. no. 40003344207) is a limited liability company. The company was registered in 1997 and has been in the register for 29 years. Registered address: Rīga, Emīlijas Benjamiņas iela 3.
Financial results
Revenue in 2025 was 20 484 527 €, up 2,0% on the previous year (20 081 473 €). From 2011 to 2025, revenue grew by an average of 8,2% per year. Net profit for 2025 was 218 097 € (1,1% of revenue). The company was profitable in all 14 published years. In 2025 the company had 354 employees (363 a year earlier). Revenue per employee was 57 866 €. At the end of 2025, total assets were 8 466 887 € and equity 4 872 077 € (57,5% of assets).
Management and owners
The board has 2 members. The sole owner of the company is Latvijas Republika.
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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.