SIA "Pipe Art Construction"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 8000 € (17% 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 statements2011–2025
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 53 407 | 52 397 | 63 810 | 90 388 | 75 411 | 67 651 | 65 366 | 64 890 | 16 011 | 177 | 110 | 436 | 13 821 | 17 959 | 26 095 |
| Total non-current assets | 149 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8502 | 30 978 | 101 752 |
| Total assets | 53 556 | 52 397 | 63 810 | 90 388 | 75 411 | 67 651 | 65 366 | 64 890 | 16 011 | 177 | 110 | 436 | 22 323 | 48 937 | 127 847 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 9502 | 30 878 | 30 689 | 43 667 | 43 706 | 42 696 | 43 147 | 45 472 | 193 | 52 | 117 | 271 | 6811 | 3199 | 25 981 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58 527 |
| Total liabilities | 9502 | 30 878 | 30 689 | 43 667 | 43 706 | 42 696 | 43 147 | 45 472 | 193 | 52 | 117 | 271 | 6811 | 3199 | 84 508 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 27 188 | 4653 | 11 602 | -406 | -15 016 | -6751 | -2736 | -2801 | -3600 | -15 693 | -132 | 172 | 15 347 | 42 892 | 5601 |
| Total equity | 44 054 | 21 519 | 33 121 | 46 721 | 31 705 | 24 955 | 22 219 | 19 418 | 15 818 | 125 | -7 | 165 | 15 512 | 45 738 | 43 339 |
| Income statement | |||||||||||||||
| Sales revenue | 173 099 | 102 757 | 155 605 | 6046 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 360 | 164 314 | 190 830 | 101 728 |
| Operating profit | 32 006 | 1932 | 13 650 | -406 | -14 966 | -6701 | -2686 | -2749 | -3600 | -15 693 | -132 | 248 | 15 420 | 53 910 | 7869 |
| EBITDA | — | — | — | — | -14 966 | -6701 | -2686 | -2749 | -3600 | -15 693 | -132 | 248 | — | — | — |
| Profit before income tax | 32 006 | 5501 | 13 650 | -406 | -14 966 | -6701 | -2686 | -2751 | -3600 | -15 693 | -132 | 222 | 15 347 | 52 894 | 7601 |
| Profit for the reporting year | 27 188 | 4653 | 11 602 | -406 | -15 016 | -6751 | -2736 | -2801 | -3600 | -15 693 | -132 | 172 | 15 347 | 42 892 | 5601 |
| Labour costs | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 2 | — | — | — |
| Depreciation of non-current assets | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 4 |
| Calculated dividend | — | 27 188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 666 | 8000 |
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 "Pipe Art Construction"
Overview
SIA "Pipe Art Construction" (reg. no. 40003958804) is a limited liability company. The company was registered in 2007 and has been in the register for 19 years. Registered address: Ādažu nov., Carnikavas pag., Gauja, Serģu iela 9.
Financial results
Revenue in 2025 was 101 728 €, down 46,7% on the previous year (190 830 €). From 2011 to 2025, revenue declined by an average of 3,7% per year. Net profit for 2025 was 5601 € (5,5% of revenue). The company was profitable in 7 of the 15 published years. In 2025 the company had 4 employees (6 a year earlier). Revenue per employee was 25 432 €. At the end of 2025, total assets were 127 847 € and equity 43 339 € (33,9% 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.