Marine Insurance Services SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 1 284 296 € (18% 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 statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 2 913 276 | 3 178 592 | 4 033 376 | 7 830 869 | 10 193 959 | 11 332 777 | 11 239 523 | 15 026 649 | 16 850 026 | 15 649 012 |
| Total non-current assets | 85 734 | 140 031 | 182 104 | 159 888 | 191 569 | 92 529 | 106 758 | 125 493 | 139 037 | 146 786 |
| Total assets | 2 999 010 | 3 318 623 | 4 215 480 | 7 990 757 | 10 385 528 | 11 425 306 | 11 346 281 | 15 152 142 | 16 989 063 | 15 795 798 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 2 408 282 | 2 530 666 | 3 358 639 | 7 082 077 | 8 628 117 | 8 752 483 | 7 128 987 | 9 366 556 | 9 933 522 | 9 070 821 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 2 408 282 | 2 530 666 | 3 358 639 | 7 082 077 | 8 628 117 | 8 752 483 | 7 128 987 | 9 366 556 | 9 933 522 | 9 070 821 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 270 267 | 197 229 | 368 884 | 482 900 | 848 731 | 1 284 296 | 1 544 471 | 2 051 192 | 2 118 686 | 953 732 |
| Total equity | 590 728 | 787 957 | 856 841 | 908 680 | 1 757 411 | 2 672 823 | 4 217 294 | 5 785 586 | 7 055 541 | 6 724 977 |
| Income statement | ||||||||||
| Sales revenue | 1 275 639 | 1 310 449 | 1 583 062 | 1 956 169 | 2 594 015 | 2 964 466 | 3 577 467 | 5 278 481 | 4 663 598 | 4 823 369 |
| Operating profit | 300 168 | 230 835 | 371 395 | 468 979 | 850 931 | 1 376 680 | 1 544 907 | 2 130 003 | 2 334 766 | 1 167 665 |
| Profit before income tax | 306 458 | 230 835 | 371 395 | 501 415 | 850 931 | 1 376 680 | 1 544 855 | 2 129 805 | 2 334 766 | 1 167 665 |
| Profit for the reporting year | 270 267 | 197 229 | 368 884 | 482 900 | 848 731 | 1 284 296 | 1 544 471 | 2 051 192 | 2 118 686 | 953 732 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 15 | 13 | 15 | 17 | 18 | 16 | 16 | 15 | 15 | 15 |
| Calculated dividend | — | 0 | 300 000 | 431 061 | 0 | 368 884 | 0 | 482 900 | 848 731 | 1 284 296 |
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: Marine Insurance Services SIA
Overview
Marine Insurance Services SIA (reg. no. 40003693065) is a limited liability company. The company was registered in 2004 and has been in the register for 22 years. Registered address: Rīga, Baznīcas iela 4A.
Financial results
Revenue in 2025 was 4 823 369 €, up 3,4% on the previous year (4 663 598 €). From 2016 to 2025, revenue grew by an average of 15,9% per year. Net profit for 2025 was 953 732 € (19,8% of revenue). The company was profitable in all 10 published years. In 2025 the company had 15 employees. Revenue per employee was 321 558 €. At the end of 2025, total assets were 15 795 798 € and equity 6 724 977 € (42,6% of assets).
Management and owners
The board has 2 members. According to the register, the company has 3 owners. The largest stake (80,1%) is held by ALEMAR HOLDING (CYPRUS) LTD.
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. The LEI code (8945009RTXD1N7H2ML46) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.