SIA "X INFOTECH"Active
Key figures
Ratios
2024Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2010–2024
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 153 520 | 279 836 | 497 165 | 873 512 | 1 393 620 | 2 249 821 | 4 165 009 | 4 971 002 | 4 305 198 | 2 111 284 | 3 086 587 | 3 332 464 | 4 209 987 | 6 606 044 | 8 620 456 |
| Total non-current assets | 262 895 | 175 673 | 156 530 | 123 675 | 133 788 | 560 311 | 277 231 | 168 157 | 1 030 334 | 1 732 810 | 2 025 516 | 1 791 805 | 2 112 351 | 1 781 780 | 1 698 570 |
| Total assets | 416 415 | 455 509 | 653 695 | 997 187 | 1 527 408 | 2 810 132 | 4 442 240 | 5 139 159 | 5 335 532 | 3 844 094 | 5 112 103 | 5 124 269 | 6 322 338 | 8 387 824 | 10 319 026 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 215 515 | 245 465 | 519 558 | 774 492 | 1 335 018 | 1 525 861 | 2 671 353 | 3 349 874 | 4 903 833 | 4 812 021 | 4 020 353 | 4 217 815 | 4 443 501 | 4 811 616 | 5 236 800 |
| Non-current liabilities | 55 656 | 51 228 | 30 641 | 25 013 | 20 647 | 12 694 | 5069 | 66 775 | 224 170 | 182 127 | 501 624 | 129 145 | 272 129 | 227 398 | 209 235 |
| Total liabilities | 271 171 | 296 693 | 550 199 | 799 505 | 1 355 665 | 1 538 555 | 2 676 422 | 3 416 649 | 5 128 003 | 4 994 148 | 4 521 977 | 4 346 960 | 4 715 630 | 5 039 014 | 5 446 035 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 71 352 | 76 480 | 18 480 | 67 240 | 17 092 | 1 100 210 | 1 386 225 | 1 101 770 | -1 448 314 | -1 988 067 | 1 740 180 | 187 183 | 829 399 | 1 742 102 | 1 524 181 |
| Total equity | 135 609 | 140 737 | 82 737 | 149 977 | 75 610 | 1 132 755 | 1 765 818 | 1 722 510 | 207 529 | -1 150 054 | 590 126 | 777 309 | 1 606 708 | 3 348 810 | 4 872 991 |
| Income statement | |||||||||||||||
| Sales revenue | 1 012 697 | 949 045 | 1 260 572 | 1 741 163 | 3 283 976 | 6 592 154 | 7 267 869 | 8 387 780 | 4 933 716 | 4 141 531 | 6 243 171 | 5 183 668 | 6 188 778 | 8 544 592 | 9 016 547 |
| Operating profit | 92 582 | 97 027 | 33 253 | 104 630 | 59 148 | 1 334 071 | 1 454 146 | 1 115 571 | -1 443 884 | -1 888 941 | 1 802 611 | 194 334 | 838 155 | 1 926 858 | 1 624 227 |
| Profit before income tax | 89 382 | 93 637 | 29 733 | 91 244 | 43 254 | 1 336 263 | 1 462 320 | 1 123 874 | -1 448 314 | -1 987 578 | 1 751 514 | 188 405 | 830 566 | 1 912 135 | 1 614 305 |
| Profit for the reporting year | 71 352 | 76 480 | 18 480 | 67 240 | 17 092 | 1 100 210 | 1 386 225 | 1 101 770 | -1 448 314 | -1 988 067 | 1 740 180 | 187 183 | 829 399 | 1 742 102 | 1 524 181 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 11 | 16 | 16 | 16 | 42 | 54 | 75 | 87 | 95 | 68 | 57 | 61 | 56 | 59 | 62 |
| Calculated dividend | 0 | 0 | 0 | 0 | 45 533 | 17 092 | 22 240 | 773 960 | 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 "X INFOTECH"
Overview
SIA "X INFOTECH" (reg. no. 40003865114) is a limited liability company. The company was registered in 2006 and has been in the register for 20 years. Registered address: Rīga, Akmeņu iela 14.
Financial results
Revenue in 2024 was 9 016 547 €, up 5,5% on the previous year (8 544 592 €). From 2010 to 2024, revenue grew by an average of 16,9% per year. This is the company's highest revenue among the published years (2010–2024). Net profit for 2024 was 1 524 181 € (16,9% of revenue). The company was profitable in 13 of the 15 published years. In 2024 the company had 62 employees (59 a year earlier). Revenue per employee was 145 428 €. At the end of 2024, total assets were 10 319 026 € and equity 4 872 991 € (47,2% of assets).
Management and owners
The board has 5 members. The sole owner of the company is X INFOTECH GROUP, SIA.
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.