Sabiedrība ar ierobežotu atbildību "REF MINERALS"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 534 600 € (6% of equity at the end of the previous year).
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 | 116 219 | 515 709 | 977 444 | 841 351 | 1 144 730 | 1 039 519 | 1 822 117 | 2 685 653 | 2 729 465 | 3 372 752 | 4 892 731 | 6 082 707 | 5 163 830 | 5 303 143 | 4 467 955 |
| Total non-current assets | 45 830 | 111 102 | 153 068 | 872 977 | 1 010 926 | 907 899 | 1 086 986 | 1 432 477 | 2 541 635 | 2 990 043 | 2 998 754 | 2 685 063 | 7 113 807 | 6 773 616 | 7 163 537 |
| Total assets | 162 049 | 626 811 | 1 130 512 | 1 714 328 | 2 155 656 | 1 947 418 | 2 909 103 | 4 118 130 | 5 271 100 | 6 362 795 | 7 891 485 | 8 767 770 | 12 277 637 | 12 076 759 | 11 631 492 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 112 647 | 433 025 | 872 295 | 909 952 | 796 023 | 484 460 | 959 854 | 979 639 | 1 381 028 | 1 066 343 | 1 371 860 | 1 166 810 | 1 962 441 | 2 086 069 | 2 032 971 |
| Non-current liabilities | 23 082 | 10 386 | 5528 | 42 723 | 359 976 | 335 129 | 322 878 | 357 711 | 451 381 | 618 402 | 680 531 | 392 074 | 1 119 315 | 734 092 | 332 035 |
| Total liabilities | 135 729 | 443 411 | 877 823 | 952 675 | 1 155 999 | 819 589 | 1 282 732 | 1 337 350 | 1 832 409 | 1 684 745 | 2 052 391 | 1 558 884 | 3 081 756 | 2 820 161 | 2 365 006 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 539 | 153 855 | 84 593 | 176 660 | 279 721 | 286 539 | 535 762 | 1 064 335 | 1 847 464 | 1 284 035 | 1 757 105 | 1 586 469 | 1 032 534 | 1 059 857 | 643 351 |
| Total equity | 22 665 | 176 520 | 246 113 | 717 802 | 924 926 | 1 127 829 | 1 626 371 | 2 780 780 | 3 438 691 | 4 678 050 | 5 839 094 | 7 208 886 | 9 195 881 | 9 256 598 | 9 266 486 |
| Income statement | |||||||||||||||
| Sales revenue | 434 191 | 1 490 399 | 1 225 586 | 1 524 322 | 3 077 438 | 3 517 161 | 4 757 887 | 7 057 356 | 9 507 441 | 8 031 158 | 10 567 183 | 10 514 091 | 11 136 517 | 11 999 475 | 9 464 642 |
| Operating profit | 2677 | 180 616 | 97 454 | 213 122 | 354 610 | 276 291 | 636 404 | 1 090 041 | 1 896 714 | 1 316 542 | 1 926 374 | 1 660 312 | 1 203 377 | 1 356 368 | 812 201 |
| Profit before income tax | 539 | 174 439 | 98 757 | 213 938 | 341 131 | 263 912 | 617 552 | 1 064 436 | 1 847 720 | 1 284 105 | 1 895 020 | 1 629 532 | 1 143 529 | 1 265 097 | 777 067 |
| Profit for the reporting year | 539 | 153 855 | 84 593 | 176 660 | 279 721 | 286 539 | 535 762 | 1 064 335 | 1 847 464 | 1 284 035 | 1 757 105 | 1 586 469 | 1 032 534 | 1 059 857 | 643 351 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 4 | 9 | 13 | 15 | 15 | 16 | 18 | 21 | 25 | 27 | 26 | 25 | 26 | 21 | 27 |
| Calculated dividend | — | 0 | 15 000 | 0 | 45 272 | 110 965 | 37 220 | 108 444 | 583 313 | 557 800 | 733 400 | 172 000 | 443 000 | 818 000 | 534 600 |
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: Sabiedrība ar ierobežotu atbildību "REF MINERALS"
Overview
Sabiedrība ar ierobežotu atbildību "REF MINERALS" (reg. no. 40003967205) is a limited liability company. The company was registered in 2007 and has been in the register for 19 years. Registered address: Rīga, Kuģu iela 28 - 30.
Financial results
Revenue in 2025 was 9 464 642 €, down 21,1% on the previous year (11 999 475 €). From 2011 to 2025, revenue grew by an average of 24,6% per year. Net profit for 2025 was 643 351 € (6,8% of revenue). The company was profitable in all 15 published years. In 2025 the company had 27 employees (21 a year earlier). Revenue per employee was 350 542 €. At the end of 2025, total assets were 11 631 492 € and equity 9 266 486 € (79,7% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (95%) is held by 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.