SIA "VAG Motors"Active
Key figures
Ratios
2023Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2010–2023
| 2010 | 2011 | 2012 | 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 1059 | 1059 | 9 | 9 | 229 | 92 669 | 188 181 | 232 474 | 124 381 | 70 169 | 81 566 | 107 871 | 78 428 |
| Total non-current assets | 51 | 51 | 51 | 51 | 0 | 743 | 495 | 1306 | 3733 | 5641 | 5955 | 15 342 | 16 019 |
| Total assets | 1110 | 1110 | 60 | 60 | 229 | 93 412 | 188 676 | 233 780 | 128 114 | 75 810 | 87 521 | 123 213 | 94 447 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 3084 | 3084 | 1900 | 1900 | 574 | 62 571 | 103 480 | 112 292 | 65 483 | 39 764 | 22 608 | 95 757 | 79 736 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 3084 | 3084 | 1900 | 1900 | 574 | 62 571 | 103 480 | 112 292 | 65 483 | 39 764 | 22 608 | 95 757 | 79 736 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 47 | 0 | 134 | 0 | -68 | 31 186 | 54 355 | 44 624 | -24 837 | -21 460 | 28 867 | -37 457 | -12 745 |
| Total equity | -1974 | -1974 | -1840 | -1840 | -345 | 30 841 | 85 196 | 121 488 | 62 631 | 36 046 | 64 913 | 27 456 | 14 711 |
| Income statement | |||||||||||||
| Sales revenue | 253 | 0 | 0 | 0 | 0 | 486 616 | 881 821 | 1 187 800 | 1 174 114 | 839 906 | 800 143 | 655 885 | 328 267 |
| Operating profit | 47 | 0 | 134 | 0 | -18 | 36 632 | 65 026 | 47 258 | -21 885 | -18 376 | 31 183 | -35 275 | -10 213 |
| Profit before income tax | 47 | 0 | 134 | 0 | -18 | 36 632 | 64 032 | 44 697 | -24 837 | -21 450 | 28 867 | -37 457 | -12 745 |
| Profit for the reporting year | 47 | 0 | 134 | 0 | -68 | 31 186 | 54 355 | 44 624 | -24 837 | -21 460 | 28 867 | -37 457 | -12 745 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 |
| Calculated dividend | 0 | 0 | 0 | 0 | — | 0 | 0 | 8332 | 34 020 | 5125 | 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 "VAG Motors"
Overview
SIA "VAG Motors" (reg. no. 40003495670) is a limited liability company. The company was registered in 2000 and has been in the register for 26 years. Registered address: Rīga, Hipokrāta iela 55.
Financial results
Revenue in 2023 was 328 267 €, down 50,0% on the previous year (655 885 €). From 2010 to 2023, revenue grew by an average of 81,7% per year. 2023 ended with a loss of 12 745 €. The company was profitable in 6 of the 13 published years. In 2023 the company had 3 employees (2 a year earlier). Revenue per employee was 109 422 €. At the end of 2023, total assets were 94 447 € and equity 14 711 € (15,6% of assets).
Management and owners
The company has one board member. The sole owner of the company is a private individual.
Points to note
The latest published annual report is for 2023.
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.