SIA "QuBalt"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2009–2025
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||||
| Total current assets | 3179 | 248 | 665 | 1010 | 1459 | 4468 | 3417 | 25 053 | 163 | 1 | 4 | 816 | 2617 | 15 869 | 12 450 | 116 437 | 196 278 |
| Total non-current assets | 0 | 2145 | 1468 | 408 | 146 | 65 | 392 | 240 | 100 | 0 | 0 | 0 | 21 267 | 21 267 | 21 267 | 45 344 | 64 818 |
| Total assets | 3179 | 2393 | 2133 | 1418 | 1605 | 4533 | 3809 | 25 293 | 263 | 1 | 4 | 816 | 23 884 | 37 136 | 33 717 | 161 781 | 261 096 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 2818 | 3913 | 6713 | 15 875 | 24 487 | 57 765 | 16 828 | 41 945 | 19 173 | 19 062 | 19 611 | 19 917 | 18 964 | 18 672 | 17 488 | 134 550 | 99 389 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 15 502 | 23 961 | 25 746 | 25 946 | 25 946 | 25 946 | 50 363 | 74 363 | 87 863 | 112 863 | 180 863 |
| Total liabilities | 2818 | 3913 | 6713 | 15 875 | 24 487 | 57 765 | 32 330 | 65 906 | 44 919 | 45 008 | 45 557 | 45 863 | 69 327 | 93 035 | 105 351 | 247 413 | 280 252 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -696 | -1881 | -3060 | -9877 | -8425 | -20 673 | 24 711 | -12 092 | -4043 | -351 | -547 | 506 | -397 | -10 456 | -15 735 | -13 998 | 66 476 |
| Total equity | 361 | -1520 | -4580 | -14 457 | -22 882 | -53 232 | -28 521 | -40 613 | -44 656 | -45 007 | -45 553 | -45 047 | -45 443 | -55 899 | -71 634 | -85 632 | -19 156 |
| Income statement | |||||||||||||||||
| Sales revenue | 0 | 0 | 0 | 0 | 0 | 0 | 8291 | 78 606 | 33 148 | 0 | 0 | 867 | 0 | 0 | 0 | 0 | 372 000 |
| Operating profit | -697 | -1881 | -3046 | -9661 | -6983 | -20 672 | 31 261 | -12 070 | -4033 | -351 | -547 | 506 | -397 | -10 406 | -15 819 | -13 998 | 66 485 |
| Profit before income tax | -696 | -1881 | -3060 | -9877 | -8425 | -20 673 | 24 711 | -12 092 | -4043 | -351 | -547 | 506 | -397 | -10 406 | -15 735 | -13 998 | 66 476 |
| Profit for the reporting year | -696 | -1881 | -3060 | -9877 | -8425 | -20 673 | 24 711 | -12 092 | -4043 | -351 | -547 | 506 | -397 | -10 456 | -15 735 | -13 998 | 66 476 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 3 |
| Calculated dividend | — | 0 | 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 "QuBalt"
Overview
SIA "QuBalt" (reg. no. 40003883181) is a limited liability company. The company was registered in 2006 and has been in the register for 19 years. Registered address: Rīga, Kundziņsalas 14. līnija 3.
Financial results
Revenue in 2025 was 372 000 €. This is the company's highest revenue among the published years (2009–2025). Net profit for 2025 was 66 476 € (17,9% of revenue). The company was profitable in 3 of the 17 published years. In 2025 the company had 3 employees (1 a year earlier). Revenue per employee was 124 000 €.
Management and owners
The company has one board member. According to the register, the company has 4 owners. The largest stake (65%) is held by a private individual.
Points to note
Equity was negative at the end of 2025 (-19 156 €).
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.