SIA "AB Modeks"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 180 000 € (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 statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 1 187 514 | 1 361 213 | 1 509 519 | 1 336 343 | 1 450 409 | 1 322 536 | 1 350 966 | 1 782 472 | 1 633 818 | 1 699 867 | 1 575 356 | 1 587 310 |
| Total non-current assets | 500 233 | 626 572 | 669 750 | 632 115 | 738 779 | 594 636 | 438 196 | 263 021 | 339 716 | 432 382 | 511 454 | 547 333 |
| Total assets | 1 687 747 | 1 987 785 | 2 179 269 | 1 968 458 | 2 189 188 | 1 917 172 | 1 789 162 | 2 045 493 | 1 973 534 | 2 132 249 | 2 086 810 | 2 134 643 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 942 243 | 819 430 | 1 278 860 | 704 833 | 1 171 547 | 808 234 | 682 443 | 578 351 | 490 712 | 753 998 | 705 387 | 860 673 |
| Non-current liabilities | 133 327 | 384 821 | 0 | 306 340 | 288 179 | 739 751 | 662 458 | 435 708 | 347 299 | 228 632 | 220 632 | 260 632 |
| Total liabilities | 1 075 570 | 1 204 251 | 1 278 860 | 1 011 173 | 1 459 726 | 1 547 985 | 1 344 901 | 1 014 059 | 838 011 | 982 630 | 926 019 | 1 121 305 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 254 915 | 171 356 | 83 525 | 46 448 | 13 827 | 139 292 | 75 074 | 587 173 | 230 760 | 102 428 | 131 173 | 32 547 |
| Total equity | 612 177 | 783 534 | 900 409 | 957 285 | 729 462 | 369 187 | 444 261 | 1 031 434 | 1 135 523 | 1 149 619 | 1 160 791 | 1 013 338 |
| Income statement | ||||||||||||
| Sales revenue | 3 603 737 | 4 631 550 | 5 004 660 | 5 125 175 | 4 673 229 | 5 054 878 | 3 711 267 | 3 136 162 | 4 546 701 | 4 659 979 | 4 532 687 | 4 480 848 |
| Operating profit | 303 777 | 203 630 | 104 174 | 68 838 | 19 749 | 141 248 | 75 411 | 587 223 | 262 428 | 124 348 | 160 406 | 75 662 |
| EBITDA | 447 351 | 395 852 | 359 908 | 351 457 | — | — | — | — | — | — | — | — |
| Profit before income tax | 303 777 | 203 630 | 104 174 | 68 838 | 13 903 | 139 389 | 75 074 | 587 173 | 262 428 | 124 511 | 161 173 | 77 547 |
| Profit for the reporting year | 254 915 | 171 356 | 83 525 | 46 448 | 13 827 | 139 292 | 75 074 | 587 173 | 230 760 | 102 428 | 131 173 | 32 547 |
| Labour costs | 364 769 | 609 348 | 757 794 | 777 777 | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 143 574 | 192 222 | 255 734 | 282 619 | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 47 | 63 | 70 | 66 | 62 | 57 | 49 | 45 | 44 | 46 | 42 | 41 |
| Calculated dividend | 17 500 | 0 | 0 | 0 | 241 650 | 499 567 | 0 | 0 | 126 671 | 88 332 | 120 001 | 180 000 |
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 "AB Modeks"
Overview
SIA "AB Modeks" (reg. no. 40003757987) is a limited liability company. The company was registered in 2005 and has been in the register for 21 years. Registered address: Rīga, Rankas iela 10.
Financial results
Revenue in 2025 was 4 480 848 €, down 1,1% on the previous year (4 532 687 €). From 2014 to 2025, revenue grew by an average of 2,0% per year. Net profit for 2025 was 32 547 € (0,7% of revenue). The company was profitable in all 12 published years. In 2025 the company had 41 employees (42 a year earlier). Revenue per employee was 109 289 €. At the end of 2025, total assets were 2 134 643 € and equity 1 013 338 € (47,5% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (70%) 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.