SIA "Magnat Project Management"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 5 575 440 € (38% 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 | 458 290 | 227 372 | 410 098 | 117 167 | 343 879 | 529 494 | 902 306 | 1 447 920 | 1 637 135 | 154 898 | 480 981 | 1 201 326 | 3 242 743 | 2 547 907 | 8 545 564 | 13 589 185 | 40 222 551 |
| Total non-current assets | 0 | 4445 | 1 086 517 | 954 277 | 807 868 | 941 187 | 416 611 | 480 461 | 159 793 | 1 302 072 | 1 248 762 | 1 248 057 | 1 247 352 | 1 247 000 | 1 247 000 | 1 247 000 | 1 250 344 |
| Total assets | 458 290 | 231 817 | 1 496 615 | 1 071 444 | 1 151 747 | 1 470 681 | 1 318 917 | 1 928 381 | 1 796 928 | 1 456 970 | 1 729 743 | 2 449 383 | 4 490 095 | 3 794 907 | 9 792 564 | 14 836 185 | 41 472 895 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 308 635 | 113 171 | 468 327 | 213 324 | 188 549 | 207 730 | 192 711 | 634 736 | 585 075 | 448 332 | 694 596 | 1 425 899 | 2 607 103 | 3 799 739 | 5 015 228 | 10 164 | 6 520 865 |
| Non-current liabilities | 49 560 | 15 934 | 1 017 279 | 843 912 | 250 613 | 235 043 | 119 621 | 197 000 | 2000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 358 195 | 129 105 | 1 485 606 | 1 057 236 | 439 162 | 442 773 | 312 332 | 831 736 | 587 075 | 448 332 | 694 596 | 1 425 899 | 2 607 103 | 3 799 739 | 5 015 228 | 10 164 | 6 520 865 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 90 299 | 2816 | 8809 | 12 008 | 9781 | 27 908 | 6585 | 96 645 | 209 853 | 8638 | 26 509 | 3337 | 859 508 | -1 887 824 | 4 782 168 | 10 048 685 | 25 701 449 |
| Total equity | 100 095 | 102 712 | 11 009 | 14 208 | 712 585 | 1 027 908 | 1 006 585 | 1 096 645 | 1 209 853 | 1 008 638 | 1 035 147 | 1 023 484 | 1 882 992 | -4832 | 4 777 336 | 14 826 021 | 34 952 030 |
| Income statement | |||||||||||||||||
| Sales revenue | 879 509 | 509 235 | 226 163 | 180 529 | 419 606 | 727 905 | 627 569 | 1 199 701 | 1 404 101 | 689 823 | 627 872 | 973 587 | 196 743 | 63 368 | 911 182 | 14 763 907 | 972 295 |
| Operating profit | 103 655 | 3453 | 9397 | 12 717 | 10 300 | 33 085 | 10 428 | 94 728 | 199 112 | 4086 | 39 417 | -86 374 | 937 341 | -3 758 939 | -156 382 | 6 621 907 | -1 855 329 |
| Profit before income tax | 103 655 | 3453 | 9397 | 12 717 | 10 483 | 33 210 | 10 449 | 96 645 | 209 853 | 8638 | 26 977 | 7104 | 859 508 | -1 887 824 | 4 782 168 | 10 048 685 | 25 715 791 |
| Profit for the reporting year | 90 299 | 2816 | 8809 | 12 008 | 9781 | 27 908 | 6585 | 96 645 | 209 853 | 8638 | 26 509 | 3337 | 859 508 | -1 887 824 | 4 782 168 | 10 048 685 | 25 701 449 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 1 | 2 | 1 | 3 | 4 | 7 | 10 | 10 | 12 | 7 | 7 | 5 | 5 | 5 | 5 | 2 | 2 |
| Calculated dividend | 0 | 0 | 5200 | 52 587 | 9570 | 0 | 45 293 | 0 | 15 000 | 209 853 | 0 | 15 000 | 0 | 0 | 0 | 0 | 5 575 440 |
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 "Magnat Project Management"
Overview
SIA "Magnat Project Management" (reg. no. 40003675303) is a limited liability company. The company was registered in 2004 and has been in the register for 22 years. Registered address: Rīga, Daugavgrīvas iela 83.
Financial results
Revenue in 2025 was 972 295 €, down 93,4% on the previous year (14 763 907 €). From 2009 to 2025, revenue grew by an average of 0,6% per year. Net profit for 2025 was 25 701 449 € (2643% of revenue). The company was profitable in 16 of the 17 published years. In 2025 the company had 2 employees. Revenue per employee was 486 148 €. At the end of 2025, total assets were 41 472 895 € and equity 34 952 030 € (84,3% of assets).
Management and owners
The board has 4 members. The sole owner of the company is Sabiedrība ar ierobežotu atbildību "Magnat Group".
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.