SIA "MERLION"Active

40003757722Limited liability companyFounded 2005

Key figures

89 292 €-13,9%

Revenue 2025

+19,4%

Average annual growth 2010–2025

Ratios

2025

4,6%

EBITDA margin

1,6%

Profit margin

2,7%

Equity ratio

0,3×

Current ratio

46,9%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

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	10 669	12 451	12 346	3574	16 368	8891	9481	61 578	80 374	70 748	74 784	49 031	45 059	18 337	18 636	33 339
Total non-current assets	7856	2600	414	1961	80 700	78 536	76 968	86 314	81 979	78 453	74 921	72 117	71 340	70 870	82 887	80 554
Total assets	18 525	15 051	12 760	5535	97 068	87 427	86 449	147 892	162 353	149 201	149 705	121 148	116 399	89 207	101 523	113 893
Balance sheet — liabilities and equity
Current liabilities	63 898	48 670	24 254	3111	81 815	80 423	79 966	128 438	142 895	133 068	132 375	111 124	119 635	91 910	99 865	110 769
Non-current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total liabilities	63 898	48 670	24 254	3111	81 815	80 423	79 966	128 438	142 895	133 068	132 375	111 124	119 635	91 910	99 865	110 769
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	-13 462	11 754	22 125	13 918	11 804	-8249	-521	-311	4	-3325	1197	-7306	-13 260	534	4361	1466
Total equity	-45 373	-33 619	-11 494	2424	15 253	7004	6483	19 454	19 458	16 133	17 330	10 024	-3236	-2703	1658	3124
Income statement
Sales revenue	6235	33 158	38 434	32 884	43 142	34 101	28 670	36 211	45 363	77 376	54 999	47 463	74 968	124 773	103 682	89 292
Operating profit	-13 462	11 754	22 125	16 059	13 379	-8257	-557	-364	9	-3220	-3225	-7300	-13 257	541	4363	1466
EBITDA	—	—	—	—	—	—	2795	5033	5854	1232	582	-3646	-12 191	1152	7361	4104
Profit before income tax	-13 462	11 754	22 125	16 059	13 379	-8243	-521	-311	4	-3325	1197	-7306	-13 260	534	4361	1466
Profit for the reporting year	-13 462	11 754	22 125	13 918	11 804	-8249	-521	-311	4	-3325	1197	-7306	-13 260	534	4361	1466
Labour costs	—	—	—	—	—	—	10 975	11 271	13 495	16 901	23 154	31 145	59 941	59 555	62 537	54 998
Depreciation of non-current assets	—	—	—	—	—	—	3352	5397	5845	4452	3807	3654	1066	611	2998	2638
Other indicators
Employees	3	3	3	3	3	3	2	2	2	2	2	2	2	2	2	2
Calculated dividend	—	0	0	0	0	0	0	0	0	0	0	0	0	0	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 "MERLION"

Overview

SIA "MERLION" (reg. no. 40003757722) is a limited liability company. The company was registered in 2005 and has been in the register for 21 years. Registered address: Rīga, Launkalnes iela 3.

Financial results

Revenue in 2025 was 89 292 €, down 13,9% on the previous year (103 682 €). From 2010 to 2025, revenue grew by an average of 19,4% per year. Net profit for 2025 was 1466 € (1,6% of revenue). The company was profitable in 9 of the 16 published years. In 2025 the company had 2 employees. Revenue per employee was 44 646 €. At the end of 2025, total assets were 113 893 € and equity 3124 € (2,7% of assets).

Management and owners

The company has one board member. 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.