Sabiedrība ar ierobežotu atbildību "MSA project group"Active

40003633634Limited liability companyFounded 2003

Key figures

37 233 €+18,1%
Revenue 2025
-3,5%
Average annual change 2010–2025
020 k40 k60 k80 k’10’11’12’13’14’15’16’17’18’19’20’21’22’23’24’25

Ratios

2025
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
025 k50 k75 k’10’11’12’13’14’15’16’17’18’19’20’21’22’23’24’25
Summary of financial statements2010–2025
2010201120122013201420152016201720182019202020212022202320242025
Balance sheet — assets
Total current assets31 66343 99632 24729 40543 24835 80933 66730 80327 49523 61415 28910 22610 419824575905921
Total non-current assets18 08515 61215 57213 27615 31511 77195456639422520246951960298922724065
Total assets49 74859 60847 81942 68158 56347 58043 21237 44231 72025 63815 98410 42210 41911 23498629986
Balance sheet — liabilities and equity
Current liabilities39 93053 16542 10940 42954 12949 71850 03229 16220 599932480774884615818 93917 95616 034
Non-current liabilities944286747213573181243625015 00015 00015 00015 00015 00015 000000
Total liabilities49 37261 83949 32246 16062 25353 34350 03244 16235 59924 32423 07719 88421 15818 93917 95616 034
Share capital————————————————
Retained earnings of previous periods————————————————
Profit for the year-299-2605720-19331551429-45634229785193-8407-2369-12773035-3892045
Total equity-1767-4372-3652-5585-7791-6363-6820-6720-38791314-7093-9462-10 739-7705-8094-6048
Income statement
Sales revenue63 76068 51179 70248 52765 52044 87338 58037 57540 30240 07516 05914 63116 20533 61431 53137 233
Operating profit247-20541159-16085361734-24143229785193-8407-2369-12773035-3892045
Profit before income tax-299-2605720-19331551429-45634229785193-8407-2369-12773035-3892045
Profit for the reporting year-299-2605720-19331551429-45634229785193-8407-2369-12773035-3892045
Labour costs————————————————
Depreciation of non-current assets————————————————
Other indicators
Employees5566621111111111
Calculated dividend—000000000000000

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.

Connections graph
100%Sabiedrība ar ierobež…Incenbergs Māris
CompanyPersonShareholderOther roleAdditional link

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Summary: Sabiedrība ar ierobežotu atbildību "MSA project group"

Overview

Sabiedrība ar ierobežotu atbildību "MSA project group" (reg. no. 40003633634) is a limited liability company. The company was registered in 2003 and has been in the register for 23 years. Registered address: Rīga, Vienības gatve 32.

Financial results

Revenue in 2025 was 37 233 €, up 18,1% on the previous year (31 531 €). From 2010 to 2025, revenue declined by an average of 3,5% per year. Net profit for 2025 was 2045 € (5,5% of revenue). The company was profitable in 8 of the 16 published years. In 2025 the company had 1 employees. Revenue per employee was 37 233 €.

Management and owners

The company has one board member. The sole owner of the company is a private individual.

Points to note

Equity was negative at the end of 2025 (-6048 €).

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.