SIA "ARETE GROUP"Active
Key figures
Ratios
2024Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 3386 € (16% 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 statements2008–2024
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||||
| Total current assets | 30 184 | 27 573 | 19 488 | 6776 | 9710 | 10 960 | 19 596 | 9587 | 5492 | 4455 | 5288 | 1687 | 2321 | 2535 | 3239 | 2605 | 2938 |
| Total non-current assets | 20 889 | 24 766 | 9909 | 56 551 | 32 319 | 37 445 | 65 089 | 62 164 | 60 058 | 48 989 | 46 152 | 67 461 | 64 280 | 82 630 | 78 264 | 75 356 | 70 982 |
| Total assets | 51 073 | 52 339 | 29 397 | 63 327 | 42 029 | 48 405 | 84 685 | 71 751 | 65 550 | 53 444 | 51 440 | 69 148 | 66 601 | 85 165 | 81 503 | 77 961 | 73 920 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 65 269 | 54 071 | 25 927 | 51 244 | 16 683 | 13 778 | 13 051 | 2768 | 3051 | 3044 | 3039 | 4345 | 3632 | 7486 | 6138 | 6613 | 7014 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 17 703 | 43 730 | 171 993 | 72 693 | 71 217 | 68 067 | 65 427 | 58 327 | 56 677 | 55 427 | 53 827 | 50 257 | 50 987 |
| Total liabilities | 65 269 | 54 071 | 25 927 | 51 244 | 34 386 | 57 508 | 185 044 | 75 461 | 74 268 | 71 111 | 68 466 | 62 672 | 60 309 | 62 913 | 59 965 | 56 870 | 58 001 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 3839 | 844 | 9290 | 8613 | -4920 | -16 133 | -6601 | 96 911 | -4999 | -8921 | 641 | -4597 | 1829 | -1956 | 2672 | 2938 | -1786 |
| Total equity | -14 522 | -2058 | 3144 | 11 757 | 6837 | -9296 | -100 658 | -3747 | -8746 | -17 667 | -17 026 | 6476 | 6292 | 22 252 | 21 538 | 21 091 | 15 919 |
| Income statement | |||||||||||||||||
| Sales revenue | 603 687 | 153 668 | 123 492 | 117 998 | 44 202 | 108 313 | 5174 | 5412 | 5737 | 6454 | 6928 | 7470 | 11 459 | 15 287 | 19 346 | 16 976 | 16 948 |
| Operating profit | 1710 | -41 341 | -8443 | -7972 | -4275 | -15 665 | -4109 | -2244 | -4999 | -8750 | 659 | -4597 | 1829 | -1956 | 2672 | 2938 | -1786 |
| Profit before income tax | 3856 | 945 | 9408 | 8731 | -4669 | -16 475 | -6434 | 97 722 | -4999 | -8750 | 659 | -4597 | 1829 | -1956 | 2672 | 2938 | -1786 |
| Profit for the reporting year | 3839 | 844 | 9290 | 8613 | -4920 | -16 133 | -6601 | 96 911 | -4999 | -8921 | 641 | -4597 | 1829 | -1956 | 2672 | 2938 | -1786 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 13 | 8 | 7 | 2 | 5 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2013 | 0 | 3386 | 3385 | 3386 |
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 "ARETE GROUP"
Overview
SIA "ARETE GROUP" (reg. no. 40003711017) is a limited liability company. The company was registered in 2004 and has been in the register for 21 years. Registered address: Jūrmala, Ikšķiles iela 3 - 4.
Financial results
Revenue in 2024 was 16 948 €, on a par with the previous year. From 2008 to 2024, revenue declined by an average of 20,0% per year. 2024 ended with a loss of 1786 €. The company was profitable in 9 of the 17 published years. In 2024 the company had 1 employees. Revenue per employee was 16 948 €. At the end of 2024, total assets were 73 920 € and equity 15 919 € (21,5% of assets).
Management and owners
The sole owner of the company is 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.