SIA VELVE MATERIĀLU SISTĒMASActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 129 999 € (12% 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 statements2011–2025
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 369 882 | 563 032 | 571 448 | 773 691 | 1 094 611 | 1 180 027 | 1 666 948 | 1 321 903 | 1 372 498 | 1 266 283 | 1 435 107 | 1 836 693 | 1 598 641 | 1 830 276 | 1 750 632 |
| Total non-current assets | 73 212 | 118 752 | 116 311 | 143 253 | 223 470 | 249 916 | 299 630 | 278 327 | 244 627 | 271 769 | 174 044 | 296 509 | 274 885 | 264 732 | 288 525 |
| Total assets | 443 094 | 681 784 | 687 759 | 916 944 | 1 318 081 | 1 429 943 | 1 966 578 | 1 600 230 | 1 617 125 | 1 538 052 | 1 609 151 | 2 133 202 | 1 873 526 | 2 095 008 | 2 039 157 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 380 297 | 554 706 | 533 626 | 710 234 | 876 965 | 976 009 | 1 366 657 | 1 162 110 | 1 334 916 | 1 155 486 | 892 879 | 1 048 910 | 676 580 | 940 715 | 763 396 |
| Non-current liabilities | 15 541 | 41 422 | 37 316 | 31 407 | 107 544 | 113 690 | 142 848 | 102 776 | 42 919 | 24 183 | 9545 | 76 062 | 53 094 | 36 181 | 6816 |
| Total liabilities | 395 838 | 596 128 | 570 942 | 741 641 | 984 509 | 1 089 699 | 1 509 505 | 1 264 886 | 1 377 835 | 1 179 669 | 902 424 | 1 124 972 | 729 674 | 976 896 | 770 212 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 11 726 | 36 633 | 63 370 | 45 653 | 193 683 | 19 498 | 116 829 | 18 270 | 182 660 | 119 093 | 348 344 | 301 503 | 135 622 | 224 260 | 280 832 |
| Total equity | 43 549 | 80 182 | 107 052 | 157 975 | 311 599 | 340 244 | 457 073 | 335 344 | 239 290 | 358 383 | 706 727 | 1 008 230 | 1 143 852 | 1 118 112 | 1 268 945 |
| Income statement | |||||||||||||||
| Sales revenue | 1 214 245 | 1 582 193 | 1 983 509 | 2 767 445 | 3 405 211 | 2 697 896 | 3 335 005 | 3 416 578 | 4 106 864 | 4 127 290 | 4 083 812 | 5 638 337 | 6 176 959 | 6 393 517 | 7 045 631 |
| Operating profit | 29 930 | 50 218 | 89 862 | 68 176 | 237 731 | 37 169 | 153 880 | 35 536 | 198 796 | 132 442 | 364 757 | 309 208 | 151 349 | 58 572 | 223 489 |
| Profit before income tax | 14 515 | 45 413 | 79 388 | 54 829 | 224 436 | 20 528 | 135 058 | 18 270 | 182 942 | 120 358 | 351 124 | 302 252 | 139 008 | 242 115 | 294 543 |
| Profit for the reporting year | 11 726 | 36 633 | 63 370 | 45 653 | 193 683 | 19 498 | 116 829 | 18 270 | 182 660 | 119 093 | 348 344 | 301 503 | 135 622 | 224 260 | 280 832 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 13 | 14 | 14 | 16 | 17 | 17 | 18 | 18 | 18 | 18 | 19 | 19 | 21 | 21 | 22 |
| Calculated dividend | 0 | 0 | 36 500 | 40 000 | 40 000 | 0 | 0 | 139 999 | 278 714 | 0 | 0 | 0 | 0 | 250 000 | 129 999 |
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 VELVE MATERIĀLU SISTĒMAS
Overview
SIA VELVE MATERIĀLU SISTĒMAS (reg. no. 40003351482) is a limited liability company. The company was registered in 1997 and has been in the register for 29 years. Registered address: Rīga, Aldaru iela 12/14.
Financial results
Revenue in 2025 was 7 045 631 €, up 10,2% on the previous year (6 393 517 €). From 2011 to 2025, revenue grew by an average of 13,4% per year. This is the company's highest revenue among the published years (2011–2025). Net profit for 2025 was 280 832 € (4,0% of revenue). The company was profitable in all 15 published years. In 2025 the company had 22 employees (21 a year earlier). Revenue per employee was 320 256 €. At the end of 2025, total assets were 2 039 157 € and equity 1 268 945 € (62,2% of assets).
Management and owners
The board has 3 members. According to the register, the company has 3 owners. The largest stake (53,6%) 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.