SIA "Hotel Grand Palace"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 660 962 | 691 653 | 719 917 | 564 248 | 581 441 | 537 251 | 144 848 | 238 190 | 227 794 | 279 737 | 478 546 | 794 263 |
| Total non-current assets | 5 431 263 | 5 023 073 | 4 689 190 | 4 633 130 | 4 271 467 | 4 000 457 | 5 569 792 | 5 472 831 | 5 427 033 | 5 388 488 | 5 392 803 | 5 386 048 |
| Total assets | 6 092 225 | 5 714 726 | 5 409 107 | 5 197 378 | 4 852 908 | 4 537 708 | 5 714 640 | 5 711 021 | 5 654 827 | 5 668 225 | 5 871 349 | 6 180 311 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 703 272 | 1 058 879 | 553 983 | 495 416 | 500 240 | 496 579 | 2 500 060 | 254 111 | 328 655 | 258 796 | 297 369 | 344 753 |
| Non-current liabilities | 5 639 246 | 4 854 343 | 4 590 070 | 4 526 318 | 4 236 781 | 4 055 334 | 2 230 186 | 3 008 154 | 3 125 169 | 3 439 281 | 3 785 531 | 3 879 339 |
| Total liabilities | 6 342 518 | 5 913 222 | 5 144 053 | 5 021 734 | 4 737 021 | 4 551 913 | 4 730 246 | 3 262 265 | 3 453 824 | 3 698 077 | 4 082 900 | 4 224 092 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 179 299 | 65 880 | 74 885 | -37 887 | -32 859 | -125 067 | -730 425 | 3000 | -228 760 | -211 862 | -162 706 | 186 763 |
| Total equity | -285 529 | -236 314 | 265 054 | 175 644 | 110 862 | -14 205 | 984 394 | 2 448 756 | 2 201 003 | 1 970 148 | 1 788 449 | 1 956 219 |
| Income statement | ||||||||||||
| Sales revenue | 3 192 467 | 3 224 210 | 3 184 410 | 3 021 734 | 2 901 253 | 2 588 532 | 508 734 | 387 225 | 1 693 172 | 2 199 248 | 2 362 459 | 2 929 563 |
| Operating profit | 397 430 | 226 974 | 182 922 | 32 299 | 29 451 | -62 508 | -667 193 | 84 751 | -144 183 | -122 704 | -42 501 | 304 409 |
| Profit before income tax | 287 821 | 126 415 | 106 344 | -37 887 | -35 933 | -123 447 | -728 017 | 3000 | -226 035 | -210 610 | -138 541 | 207 286 |
| Profit for the reporting year | 179 299 | 65 880 | 74 885 | -37 887 | -32 859 | -125 067 | -730 425 | 3000 | -228 760 | -211 862 | -162 706 | 186 763 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 66 | 67 | 68 | 68 | 68 | 65 | 47 | 32 | 42 | 47 | 52 | 58 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 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 "Hotel Grand Palace"
Overview
SIA "Hotel Grand Palace" (reg. no. 40003378078) is a limited liability company. The company was registered in 1998 and has been in the register for 28 years. Registered address: Rīga, Pils iela 12.
Financial results
Revenue in 2025 was 2 929 563 €, up 24,0% on the previous year (2 362 459 €). From 2014 to 2025, revenue declined by an average of 0,8% per year. Net profit for 2025 was 186 763 € (6,4% of revenue). The company was profitable in 5 of the 12 published years. In 2025 the company had 58 employees (52 a year earlier). Revenue per employee was 50 510 €. At the end of 2025, total assets were 6 180 311 € and equity 1 956 219 € (31,7% of assets).
Management and owners
The board has 4 members. The sole owner of the company is SIA MorningRix.
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.