"ET Packaging Latvia" SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 800 000 € (52% 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 statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 412 987 | 529 106 | 478 153 | 843 615 | 583 044 | 708 786 | 615 317 | 628 311 | 951 271 | 854 396 | 1 499 942 | 1 698 518 | 2 058 552 | 1 345 674 | 1 690 657 | 1 685 526 |
| Total non-current assets | 8495 | 4210 | 24 541 | 32 945 | 155 334 | 130 094 | 246 804 | 330 604 | 188 924 | 244 608 | 193 539 | 139 985 | 123 371 | 76 540 | 59 357 | 44 135 |
| Total assets | 421 482 | 533 316 | 502 694 | 876 560 | 738 378 | 838 880 | 862 121 | 958 915 | 1 140 195 | 1 099 004 | 1 693 481 | 1 838 503 | 2 181 923 | 1 422 214 | 1 750 014 | 1 729 661 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 93 277 | 99 600 | 97 077 | 193 668 | 176 177 | 146 734 | 164 653 | 214 307 | 366 606 | 146 841 | 210 772 | 343 328 | 207 233 | 225 810 | 204 391 | 252 731 |
| Non-current liabilities | 1400 | 1218 | 4704 | 491 | 8170 | 10 023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 94 677 | 100 818 | 101 781 | 194 159 | 184 347 | 156 757 | 164 653 | 214 307 | 366 606 | 146 841 | 210 772 | 343 328 | 207 233 | 225 810 | 204 391 | 252 731 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 247 962 | 344 710 | 266 749 | 397 883 | 258 175 | 386 509 | 364 648 | 347 540 | 693 841 | 473 466 | 533 451 | 573 164 | 577 380 | 521 714 | 849 219 | 731 307 |
| Total equity | 320 773 | 425 483 | 392 232 | 671 406 | 539 581 | 667 396 | 695 068 | 742 608 | 763 263 | 936 695 | 1 470 146 | 1 493 310 | 1 970 690 | 1 192 404 | 1 541 623 | 1 472 930 |
| Income statement | ||||||||||||||||
| Sales revenue | 1 090 780 | 1 258 452 | 1 178 442 | 1 981 735 | 1 836 317 | 1 890 092 | 2 068 999 | 2 217 976 | 2 936 594 | 2 525 292 | 2 309 914 | 2 911 040 | 2 961 572 | 2 919 079 | 2 827 204 | 2 632 448 |
| Operating profit | 290 067 | 401 502 | 311 810 | 457 383 | 304 533 | 446 786 | 427 015 | 398 153 | 693 841 | 548 732 | 518 676 | 699 097 | 581 081 | 808 188 | 941 087 | 892 872 |
| Profit before income tax | 291 918 | 405 247 | 317 681 | 460 749 | 305 933 | 454 016 | 427 015 | 399 422 | 693 841 | 550 871 | 533 451 | 710 664 | 602 380 | 846 714 | 974 219 | 931 307 |
| Profit for the reporting year | 247 962 | 344 710 | 266 749 | 397 883 | 258 175 | 386 509 | 364 648 | 347 540 | 693 841 | 473 466 | 533 451 | 573 164 | 577 380 | 521 714 | 849 219 | 731 307 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 10 | 11 | 11 | 12 | 16 | 16 | 18 | 21 | 26 | 34 | 29 | 29 | 27 | 24 | 23 | 22 |
| Calculated dividend | 150 000 | 240 000 | 300 000 | 284 573 | 390 000 | 258 176 | 336 976 | 300 000 | 673 186 | 300 034 | 0 | 550 000 | 100 000 | 1 300 000 | 500 000 | 800 000 |
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: "ET Packaging Latvia" SIA
Overview
"ET Packaging Latvia" SIA (reg. no. 40003823905) is a limited liability company. The company was registered in 2006 and has been in the register for 20 years. Registered address: Siguldas nov., Krimuldas pag., Inciems, "Vētras".
Financial results
Revenue in 2025 was 2 632 448 €, down 6,9% on the previous year (2 827 204 €). From 2010 to 2025, revenue grew by an average of 6,0% per year. Net profit for 2025 was 731 307 € (27,8% of revenue). The company was profitable in all 16 published years. In 2025 the company had 22 employees (23 a year earlier). Revenue per employee was 119 657 €. At the end of 2025, total assets were 1 729 661 € and equity 1 472 930 € (85,2% of assets).
Management and owners
The board has 2 members. The sole owner of the company is Team ET AB.
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.