Sabiedrība ar ierobežotu atbildību "Gulf RE"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2008–2025
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||||
| Total current assets | 52 882 | 68 340 | 66 174 | 83 164 | 131 722 | 92 913 | 90 389 | 64 343 | 231 072 | 698 201 | 933 386 | 363 218 | 390 932 | 410 022 | 556 280 | 406 039 | 477 906 | 378 738 |
| Total non-current assets | 2 997 982 | 6 807 229 | 8 332 705 | 9 387 297 | 13 980 621 | 16 472 014 | 22 070 443 | 21 943 801 | 31 540 764 | 27 985 496 | 22 692 981 | 22 570 388 | 22 060 825 | 21 574 403 | 20 987 484 | 20 021 765 | 19 683 455 | 19 356 523 |
| Total assets | 3 050 864 | 6 875 569 | 8 398 879 | 9 470 461 | 14 112 343 | 16 564 927 | 22 160 832 | 22 008 144 | 31 771 836 | 28 683 697 | 23 626 367 | 22 933 606 | 22 451 757 | 21 984 425 | 21 543 764 | 20 427 804 | 20 161 361 | 19 735 261 |
| Balance sheet — liabilities and equity | ||||||||||||||||||
| Current liabilities | 3 058 605 | 886 233 | 886 324 | 70 188 | 112 489 | 91 240 | 135 856 | 106 345 | 154 287 | 453 462 | 1 105 974 | 649 195 | 583 429 | 288 276 | 18 132 572 | 211 352 | 206 224 | 275 144 |
| Non-current liabilities | 0 | 5 415 105 | 7 005 782 | 9 008 879 | 13 813 144 | 16 259 100 | 20 809 422 | 20 314 860 | 29 735 488 | 26 398 063 | 21 770 059 | 21 720 059 | 21 425 059 | 21 230 059 | 3 050 000 | 19 645 059 | 19 445 059 | 18 982 000 |
| Total liabilities | 3 058 605 | 6 301 338 | 7 892 106 | 9 079 067 | 13 925 633 | 16 350 340 | 20 945 278 | 20 421 205 | 29 889 775 | 26 851 525 | 22 876 033 | 22 369 254 | 22 008 488 | 21 518 335 | 21 182 572 | 19 856 411 | 19 651 283 | 19 257 144 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -5002 | 581 972 | -67 458 | -115 379 | -204 684 | 27 877 | 910 223 | 371 385 | 295 123 | 1 785 111 | 707 648 | -185 982 | -121 082 | 22 821 | -104 899 | 210 201 | -11 314 | -31 961 |
| Total equity | -7741 | 574 231 | 506 773 | 391 394 | 186 710 | 214 587 | 1 215 554 | 1 586 939 | 1 882 061 | 1 832 172 | 750 334 | 564 352 | 443 269 | 466 090 | 361 192 | 571 393 | 510 078 | 478 117 |
| Income statement | ||||||||||||||||||
| Sales revenue | 23 000 | 98 846 | 177 596 | 169 205 | 267 387 | 309 834 | 421 701 | 349 774 | 374 593 | 543 509 | 535 671 | 556 682 | 470 021 | 421 862 | 512 194 | 668 783 | 660 064 | 755 885 |
| Operating profit | -5004 | 16 039 | -50 293 | -98 436 | -204 684 | 6077 | 882 318 | 345 613 | 26 466 | -96 361 | -70 260 | -147 472 | -185 915 | -234 793 | -155 722 | 100 265 | -49 702 | -44 118 |
| Profit before income tax | -4986 | 581 991 | -50 288 | -98 358 | -204 684 | 27 877 | 910 223 | 371 385 | 295 123 | 1 785 111 | 707 648 | -185 982 | -121 082 | 22 821 | -104 899 | 210 201 | -11 314 | -31 961 |
| Profit for the reporting year | -5002 | 581 972 | -67 458 | -115 379 | -204 684 | 27 877 | 910 223 | 371 385 | 295 123 | 1 785 111 | 707 648 | -185 982 | -121 082 | 22 821 | -104 899 | 210 201 | -11 314 | -31 961 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||||
| Employees | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 6 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 835 000 | 1 789 486 | 0 | 0 | 0 | 0 | 0 | 50 001 | 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: Sabiedrība ar ierobežotu atbildību "Gulf RE"
Overview
Sabiedrība ar ierobežotu atbildību "Gulf RE" (reg. no. 40003746894) is a limited liability company. The company was registered in 2005 and has been in the register for 21 years. Registered address: Rīga, Smilšu iela 8.
Financial results
Revenue in 2025 was 755 885 €, up 14,5% on the previous year (660 064 €). From 2008 to 2025, revenue grew by an average of 22,8% per year. This is the company's highest revenue among the published years (2008–2025). 2025 ended with a loss of 31 961 €. The company was profitable in 9 of the 18 published years. In 2025 the company had 6 employees (3 a year earlier). Revenue per employee was 125 981 €. At the end of 2025, total assets were 19 735 261 € and equity 478 117 € (2,4% of assets).
Management and owners
The board has 2 members. The sole owner of the company is a private individual. The company holds stakes in 4 active Latvian companies.
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.