SIA "Timaks Group"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 138 000 € (57% 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 statements2008–2025
| 2008 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||||
| Total current assets | 14 537 | 12 564 | 86 234 | 99 638 | 96 718 | 329 917 | 147 781 | 145 306 | 186 347 | 296 423 | 385 636 | 152 554 | 225 215 | 283 810 | 222 055 | 267 248 | 809 204 |
| Total non-current assets | 5591 | 15 920 | 19 917 | 18 604 | 11 376 | 15 776 | 9522 | 42 082 | 41 883 | 59 391 | 80 872 | 67 172 | 55 935 | 56 599 | 49 310 | 42 216 | 32 030 |
| Total assets | 20 128 | 28 484 | 106 151 | 118 242 | 108 094 | 345 693 | 157 303 | 187 388 | 228 230 | 355 814 | 466 508 | 219 726 | 281 150 | 340 409 | 271 365 | 309 464 | 841 234 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 7887 | 0 | 70 311 | 48 297 | 33 869 | 125 569 | 22 366 | 50 572 | 82 119 | 113 611 | 88 543 | 48 262 | 48 661 | 44 649 | 41 761 | 64 019 | 77 704 |
| Non-current liabilities | 574 | 13 093 | 6439 | 10 000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 708 | 9221 | 4734 | 0 |
| Total liabilities | 8461 | 13 093 | 76 750 | 58 297 | 33 869 | 125 569 | 22 366 | 50 572 | 82 119 | 113 611 | 88 543 | 48 262 | 48 661 | 58 357 | 50 982 | 68 753 | 77 704 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 9677 | 5725 | 14 010 | 30 544 | 30 878 | 187 525 | 17 565 | 126 145 | 69 795 | 203 092 | 248 526 | -164 001 | 140 025 | 121 563 | 40 331 | 114 328 | 660 819 |
| Total equity | 11 667 | 15 391 | 29 401 | 59 945 | 66 823 | 212 606 | 127 171 | 136 816 | 146 111 | 242 203 | 377 965 | 171 464 | 232 489 | 282 052 | 220 383 | 240 711 | 763 530 |
| Income statement | |||||||||||||||||
| Sales revenue | 49 533 | 105 953 | 211 750 | 369 575 | 291 230 | 867 464 | 223 229 | 507 234 | 288 826 | 685 057 | 845 829 | 365 773 | 374 967 | 556 121 | 488 875 | 555 833 | 1 706 992 |
| Operating profit | 11 760 | 6048 | 16 632 | 37 309 | 39 264 | 223 065 | 23 030 | 146 477 | 83 251 | 204 978 | 269 977 | -151 520 | 160 752 | 140 166 | 67 002 | 138 758 | 695 782 |
| EBITDA | 11 826 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit before income tax | 11 760 | 6048 | 15 593 | 35 954 | 38 330 | 221 788 | 21 434 | 145 639 | 81 719 | 203 092 | 267 651 | -153 372 | 159 798 | 139 578 | 65 842 | 137 902 | 695 366 |
| Profit for the reporting year | 9677 | 5725 | 14 010 | 30 544 | 30 878 | 187 525 | 17 565 | 126 145 | 69 795 | 203 092 | 248 526 | -164 001 | 140 025 | 121 563 | 40 331 | 114 328 | 660 819 |
| Labour costs | 18 637 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 66 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 5 | 5 | 4 | 11 | 9 | 10 | 9 | 7 | 7 | 6 | 10 | 8 | 6 | 5 | 5 | 5 | 5 |
| Calculated dividend | 0 | — | 0 | 0 | 24 000 | 41 742 | 103 000 | 116 500 | 60 500 | 107 000 | 112 764 | 42 500 | 79 000 | 72 000 | 102 000 | 94 000 | 138 000 |
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 "Timaks Group"
Overview
SIA "Timaks Group" (reg. no. 40003924225) is a limited liability company. The company was registered in 2007 and has been in the register for 19 years. Registered address: Rīga, Dammes iela 1 - 117.
Financial results
Revenue in 2025 was 1 706 992 €, up 207% on the previous year (555 833 €). From 2008 to 2025, revenue grew by an average of 24,8% per year. This is the company's highest revenue among the published years (2008–2025). Net profit for 2025 was 660 819 € (38,7% of revenue). The company was profitable in 16 of the 17 published years. In 2025 the company had 5 employees. Revenue per employee was 341 398 €. At the end of 2025, total assets were 841 234 € and equity 763 530 € (90,8% 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.