SIA "Substance"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 3000 € (50% 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 statements2008–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 36 438 | 39 651 | 30 895 | 54 950 | 41 710 |
| Profit for the reporting year | -2556 | -6810 | -6427 | 9138 | 1554 |
| Retained earnings of previous periods | — | — | — | — | — |
| Total assets | 14 950 | 5952 | 828 | 12 843 | 8330 |
| Total liabilities | 4845 | 2657 | 3960 | 6837 | 3770 |
| Total equity | 10 105 | 3295 | -3132 | 6006 | 4560 |
| Employees | 1 | 1 | 1 | 1 | 2 |
| Calculated dividend | 7875 | 0 | 0 | 0 | 3000 |
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 "Substance"
Overview
SIA "Substance" (reg. no. 40003431754) is a limited liability company. The company was registered in 1999 and has been in the register for 27 years. Registered address: Jūrmala, Artūra iela 4A.
Financial results
Revenue in 2025 was 41 710 €, down 24,1% on the previous year (54 950 €). From 2008 to 2025, revenue grew by an average of 0,6% per year. Net profit for 2025 was 1554 € (3,7% of revenue). The company was profitable in 7 of the 18 published years. In 2025 the company had 2 employees (1 a year earlier). Revenue per employee was 20 855 €. At the end of 2025, total assets were 8330 € and equity 4560 € (54,7% of assets).
Management and owners
The company has one board member. The sole owner of the company is 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.