SIA "STEEL WORK"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 8992 | 7590 | 13 799 | 5562 | 36 354 | 66 777 | 57 874 | 32 081 | 61 757 | 68 288 | 50 638 | 99 429 | 118 149 | 119 892 | 211 039 | 153 510 |
| Total non-current assets | 3914 | 2175 | 8969 | 29 766 | 56 635 | 76 164 | 57 541 | 90 901 | 112 870 | 101 134 | 78 917 | 59 168 | 85 951 | 98 896 | 131 873 | 154 803 |
| Total assets | 12 906 | 9765 | 22 768 | 35 328 | 92 989 | 142 941 | 115 415 | 122 982 | 174 627 | 169 422 | 129 555 | 158 597 | 204 100 | 218 788 | 342 912 | 308 313 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 10 450 | 8471 | 13 650 | 25 793 | 48 684 | 84 643 | 42 807 | 51 010 | 64 803 | 80 171 | 87 320 | 68 493 | 97 418 | 115 822 | 178 309 | 160 373 |
| Non-current liabilities | 0 | 0 | 1565 | 0 | 18 771 | 24 788 | 39 078 | 28 105 | 30 062 | 15 787 | 12 612 | 0 | 4978 | 1367 | 59 999 | 49 893 |
| Total liabilities | 10 450 | 8471 | 15 215 | 25 793 | 67 455 | 109 431 | 81 885 | 79 115 | 94 865 | 95 958 | 99 932 | 68 493 | 102 396 | 117 189 | 238 308 | 210 266 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 1831 | -1162 | 6259 | 1982 | 9719 | 6945 | 1210 | 6828 | 33 939 | 1256 | -43 841 | 60 481 | 11 599 | 3895 | 3005 | -6557 |
| Total equity | 2456 | 1294 | 7553 | 9535 | 23 286 | 30 231 | 31 441 | 38 269 | 72 208 | 73 464 | 29 623 | 90 104 | 101 704 | 101 599 | 104 604 | 98 047 |
| Income statement | ||||||||||||||||
| Sales revenue | 71 524 | 35 598 | 52 811 | 174 623 | 262 891 | 362 684 | 348 307 | 442 110 | 548 782 | 619 985 | 346 226 | 535 550 | 1 042 960 | 804 160 | 917 618 | 1 137 930 |
| Operating profit | 1786 | -1131 | 6922 | 2717 | 12 147 | 10 433 | 3917 | 11 389 | 37 320 | 4932 | -39 096 | 64 796 | 14 627 | 7443 | 10 713 | 5544 |
| Profit before income tax | 1772 | -1162 | 6817 | 1982 | 10 305 | 7140 | 1737 | 8666 | 34 124 | 1256 | -43 831 | 60 481 | 11 599 | 3895 | 3005 | -2593 |
| Profit for the reporting year | 1831 | -1162 | 6259 | 1982 | 9719 | 6945 | 1210 | 6828 | 33 939 | 1256 | -43 841 | 60 481 | 11 599 | 3895 | 3005 | -6557 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 0 | 0 | 0 | 6 | 6 | 6 | 8 | 8 | 9 | 11 | 8 | 10 | 12 | 12 | 13 | 13 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4000 | 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 "STEEL WORK"
Overview
SIA "STEEL WORK" (reg. no. 40003696428) is a limited liability company. The company was registered in 2004 and has been in the register for 22 years. Registered address: Rīga, Nautrēnu iela 12.
Financial results
Revenue in 2025 was 1 137 930 €, up 24,0% on the previous year (917 618 €). From 2010 to 2025, revenue grew by an average of 20,3% per year. This is the company's highest revenue among the published years (2010–2025). 2025 ended with a loss of 6557 €. The company was profitable in 13 of the 16 published years. In 2025 the company had 13 employees. Revenue per employee was 87 533 €. At the end of 2025, total assets were 308 313 € and equity 98 047 € (31,8% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual.
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.