"Madona Forests" SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 322 000 € (73% 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 statements2009–2025
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||||
| Total current assets | 28 022 | 4532 | 4874 | 9730 | 21 451 | 4393 | 78 729 | 155 712 | 173 279 | 190 125 | 208 314 | 330 668 | 198 527 | 177 783 | 220 682 | 227 219 | 32 164 |
| Total non-current assets | 154 361 | 156 326 | 154 142 | 152 009 | 150 028 | 211 744 | 211 375 | 211 375 | 211 375 | 211 375 | 211 375 | 211 375 | 211 375 | 211 375 | 211 375 | 211 375 | 211 375 |
| Total assets | 182 383 | 160 858 | 159 016 | 161 739 | 171 479 | 216 137 | 290 104 | 367 087 | 384 654 | 401 500 | 419 689 | 542 043 | 409 902 | 389 158 | 432 057 | 438 594 | 243 539 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 1616 | 2500 | 0 | 0 | 1792 | 50 | 4974 | 0 | 0 | 50 | 50 | 50 | 600 | 0 | 345 | 0 | 10 |
| Non-current liabilities | 162 824 | 122 145 | 74 872 | 32 427 | 0 | 2116 | 0 | 50 | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 164 440 | 124 645 | 74 872 | 32 427 | 1792 | 2166 | 4974 | 50 | 50 | 50 | 50 | 50 | 600 | 0 | 345 | 0 | 10 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 23 102 | 18 270 | 47 931 | 45 168 | 40 374 | 87 134 | 161 159 | 216 983 | 152 567 | 151 846 | 153 965 | 122 354 | 148 559 | 136 106 | 207 555 | 194 382 | 126 935 |
| Total equity | 17 943 | 36 213 | 84 144 | 129 312 | 169 687 | 213 971 | 285 130 | 367 037 | 384 604 | 401 450 | 419 639 | 541 993 | 409 302 | 389 158 | 431 712 | 438 594 | 243 529 |
| Income statement | |||||||||||||||||
| Sales revenue | 1895 | 700 | 700 | 700 | 700 | 400 | 700 | 4550 | 1925 | 1481 | 500 | 0 | 500 | 0 | 0 | 0 | 0 |
| Operating profit | 23 054 | 17 632 | 48 345 | 45 100 | 40 960 | 88 113 | 161 668 | 217 033 | 152 617 | 151 896 | 154 015 | 122 404 | 148 609 | 136 156 | 207 555 | 194 382 | 207 435 |
| Profit before income tax | 23 852 | 18 893 | 48 345 | 45 228 | 40 960 | 88 113 | 161 668 | 217 033 | 152 617 | 151 896 | 154 015 | 122 404 | 148 609 | 136 156 | 207 555 | 194 382 | 207 435 |
| Profit for the reporting year | 23 102 | 18 270 | 47 931 | 45 168 | 40 374 | 87 134 | 161 159 | 216 983 | 152 567 | 151 846 | 153 965 | 122 354 | 148 559 | 136 106 | 207 555 | 194 382 | 126 935 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 42 850 | 90 000 | 135 076 | 135 000 | 135 000 | 135 776 | 0 | 281 250 | 156 250 | 165 001 | 187 500 | 322 000 |
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: "Madona Forests" SIA
Overview
"Madona Forests" SIA (reg. no. 40003489903) is a limited liability company. The company was registered in 2000 and has been in the register for 26 years. Registered address: Rīga, Brīvības iela 85 - 1.
Financial results
There was no revenue in 2025. Net profit for 2025 was 126 935 €. The company was profitable in all 17 published years. According to the report, the company had no employees in 2025. At the end of 2025, total assets were 243 539 € and equity 243 529 € (100,0% 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.