Sabiedrība ar ierobežotu atbildību "GrECo Latvia"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 471 035 € (28% 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).
Summary of financial statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 348 705 | 287 219 | 261 616 | 320 218 | 521 754 | 608 246 | 566 252 | 1 117 143 | 956 400 | 762 671 | 851 583 | 814 631 | 1 235 862 | 1 474 789 | 3 508 700 | 3 350 228 |
| Total non-current assets | 10 130 | 3044 | 1193 | 6003 | 4589 | 18 486 | 11 458 | 41 799 | 42 057 | 30 283 | 15 757 | 12 309 | 4882 | 46 635 | 101 941 | 57 374 |
| Total assets | 358 835 | 290 263 | 262 809 | 326 221 | 526 343 | 626 732 | 577 710 | 1 158 942 | 998 457 | 792 954 | 867 340 | 826 940 | 1 240 744 | 1 521 424 | 3 610 641 | 3 407 602 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 310 269 | 280 271 | 257 165 | 310 536 | 502 841 | 577 153 | 520 687 | 1 087 870 | 1 008 663 | 767 333 | 813 031 | 676 107 | 854 456 | 915 316 | 1 900 515 | 1 926 412 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 3477 | 0 | 0 | 0 | 27 367 | 0 | 100 000 | 100 000 | 30 347 | 12 097 |
| Total liabilities | 310 269 | 280 271 | 257 165 | 310 536 | 502 841 | 577 153 | 524 164 | 1 087 870 | 1 008 663 | 767 333 | 840 398 | 676 107 | 954 456 | 1 015 316 | 1 930 862 | 1 938 509 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 5927 | -23 431 | -4348 | 10 039 | 1184 | 26 077 | 5696 | 12 541 | -81 278 | -64 173 | 1321 | 39 369 | 135 455 | 219 820 | 736 900 | 260 349 |
| Total equity | 44 199 | 9992 | 5644 | 15 685 | 23 502 | 49 579 | 53 546 | 71 072 | -10 206 | 25 621 | 26 942 | 150 833 | 286 288 | 506 108 | 1 679 779 | 1 469 093 |
| Income statement | ||||||||||||||||
| Sales revenue | 309 624 | 427 255 | 528 725 | 570 488 | 875 505 | 987 231 | 986 765 | 1 610 774 | 1 528 340 | 1 448 002 | 1 362 522 | 1 382 191 | 1 565 123 | 1 821 133 | 2 978 476 | 3 128 937 |
| Operating profit | 7247 | -23 431 | -4348 | 10 691 | 3028 | 30 642 | 6768 | 15 675 | -80 701 | -63 599 | 1849 | 39 697 | 136 006 | 228 116 | 891 856 | 380 674 |
| Profit before income tax | 5927 | -23 431 | -4348 | 10 691 | 3028 | 30 562 | 6587 | 15 498 | -80 794 | -63 677 | 1812 | 39 688 | 136 006 | 220 265 | 888 587 | 379 533 |
| Profit for the reporting year | 5927 | -23 431 | -4348 | 10 039 | 1184 | 26 077 | 5696 | 12 541 | -81 278 | -64 173 | 1321 | 39 369 | 135 455 | 219 820 | 736 900 | 260 349 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 20 | 23 | 25 | 26 | 28 | 30 | 31 | 40 | 36 | 33 | 31 | 31 | 28 | 27 | 30 | 34 |
| Calculated dividend | — | 10 776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 471 035 |
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: Sabiedrība ar ierobežotu atbildību "GrECo Latvia"
Overview
Sabiedrība ar ierobežotu atbildību "GrECo Latvia" (reg. no. 40003349492) is a limited liability company. The company was registered in 1997 and has been in the register for 29 years. Registered address: Rīga, Vienības gatve 109.
Financial results
Revenue in 2025 was 3 128 937 €, up 5,1% on the previous year (2 978 476 €). From 2010 to 2025, revenue grew by an average of 16,7% per year. This is the company's highest revenue among the published years (2010–2025). Net profit for 2025 was 260 349 € (8,3% of revenue). The company was profitable in 12 of the 16 published years. In 2025 the company had 34 employees (30 a year earlier). Revenue per employee was 92 028 €. At the end of 2025, total assets were 3 407 602 € and equity 1 469 093 € (43,1% of assets).
Management and owners
The board has 3 members. The sole owner of the company is GrECo International Holding AG.
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.