Pax8 Latvia SIAActive
Key figures
Ratios
2025Balance sheet structure
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 | 1 530 631 | 1 893 376 | 2 092 022 | 2 333 901 | 2 111 651 | 2 382 663 | 1 764 725 | 1 484 066 | 1 995 714 | 2 447 127 | 2 534 201 | 2 259 787 | 1 664 561 | 2 217 774 | 2 960 546 |
| Total non-current assets | 245 700 | 227 338 | 230 250 | 325 980 | 324 989 | 518 686 | 586 663 | 585 167 | 583 801 | 595 449 | 590 383 | 479 933 | 786 659 | 690 169 | 586 115 |
| Total assets | 1 776 331 | 2 120 714 | 2 322 272 | 2 659 881 | 2 436 640 | 2 901 349 | 2 351 388 | 2 069 233 | 2 579 515 | 3 042 576 | 3 124 584 | 2 739 720 | 2 451 220 | 2 907 943 | 3 546 661 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 1 196 372 | 1 553 972 | 1 775 952 | 1 867 103 | 1 739 962 | 2 294 980 | 1 711 668 | 1 379 908 | 1 962 166 | 2 513 339 | 2 613 870 | 1 945 258 | 1 612 738 | 3 388 682 | 2 495 613 |
| Non-current liabilities | 7030 | 0 | 5812 | 5434 | 2509 | 0 | 17 655 | 13 273 | 8806 | 17 844 | 9290 | 504 887 | 880 380 | 0 | 1 376 670 |
| Total liabilities | 1 203 402 | 1 553 972 | 1 781 764 | 1 872 537 | 1 742 471 | 2 294 980 | 1 729 323 | 1 393 181 | 1 970 972 | 2 531 183 | 2 623 160 | 2 450 145 | 2 493 118 | 3 388 682 | 3 872 283 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -6448 | -3418 | -25 908 | 17 618 | -98 403 | 25 737 | 15 696 | 53 987 | -67 509 | -50 339 | -9969 | -211 849 | -331 473 | -438 841 | 155 117 |
| Total equity | 567 155 | 559 830 | 533 029 | 775 576 | 678 849 | 606 369 | 622 065 | 676 052 | 608 543 | 511 393 | 501 424 | 289 575 | -41 898 | -480 739 | -325 622 |
| Income statement | |||||||||||||||
| Sales revenue | 6 559 668 | 7 972 152 | 7 542 238 | 13 449 205 | 9 753 179 | 7 275 778 | 8 509 449 | 8 006 394 | 8 168 376 | 9 021 648 | 10 392 843 | 9 717 732 | 8 920 751 | 9 734 680 | 11 963 537 |
| Operating profit | 24 036 | 5535 | 3452 | 62 835 | -83 761 | 52 459 | 54 501 | 96 792 | -30 227 | -11 974 | 33 177 | -171 387 | -273 169 | -369 201 | 167 490 |
| Profit before income tax | -3645 | 76 | -21 401 | 19 880 | -94 864 | 30 975 | 19 743 | 54 215 | -66 644 | -50 169 | -9679 | -210 705 | -323 747 | -418 556 | 167 488 |
| Profit for the reporting year | -6448 | -3418 | -25 908 | 17 618 | -98 403 | 25 737 | 15 696 | 53 987 | -67 509 | -50 339 | -9969 | -211 849 | -331 473 | -438 841 | 155 117 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 17 | 17 | 14 | 13 | 12 | 7 | 7 | 8 | 7 | 7 | 7 | 10 | 9 | 12 | 16 |
| Calculated dividend | 0 | 0 | 0 | 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: Pax8 Latvia SIA
Overview
Pax8 Latvia SIA (reg. no. 40003542443) is a limited liability company. The company was registered in 2001 and has been in the register for 25 years. Registered address: Rīga, Kaļķu iela 15.
Financial results
Revenue in 2025 was 11 963 537 €, up 22,9% on the previous year (9 734 680 €). From 2011 to 2025, revenue grew by an average of 4,4% per year. Net profit for 2025 was 155 117 € (1,3% of revenue). The company was profitable in 5 of the 15 published years. In 2025 the company had 16 employees (12 a year earlier). Revenue per employee was 747 721 €.
Management and owners
The board has 3 members. The sole owner of the company is Pax8 Netherlands B.V..
Points to note
Equity was negative at the end of 2025 (-325 622 €).
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.