SIA "RETN Baltic"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 318 221 | 223 509 | 1 494 286 | 2 745 530 | 2 705 129 | 3 367 305 | 7 048 049 | 6 976 068 | 4 075 899 | 7 755 178 |
| Total non-current assets | 1 339 686 | 1 497 423 | 2 070 502 | 2 662 285 | 3 153 677 | 3 752 772 | 6 158 599 | 4 851 346 | 6 992 246 | 3 686 142 |
| Total assets | 1 657 907 | 1 720 932 | 3 564 788 | 5 407 815 | 5 858 806 | 7 120 077 | 13 206 648 | 11 827 414 | 11 068 145 | 11 441 320 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 648 071 | 770 139 | 2 196 816 | 3 679 865 | 3 722 819 | 3 785 578 | 5 551 277 | 1 720 657 | 2 155 634 | 1 483 889 |
| Non-current liabilities | 683 877 | 546 525 | 783 042 | 1 294 923 | 1 326 782 | 2 473 889 | 5 672 735 | 8 101 292 | 7 103 052 | 8 105 864 |
| Total liabilities | 1 331 948 | 1 316 664 | 2 979 858 | 4 974 788 | 5 049 601 | 6 259 467 | 11 224 012 | 9 821 949 | 9 258 686 | 9 589 753 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -103 851 | -178 346 | 83 364 | -120 689 | 246 886 | 90 703 | 197 350 | 62 428 | -218 997 | 67 469 |
| Total equity | 325 959 | 404 268 | 584 930 | 433 027 | 809 205 | 860 610 | 1 982 636 | 2 005 465 | 1 809 459 | 1 851 567 |
| Income statement | ||||||||||
| Sales revenue | 1 420 757 | 1 254 259 | 2 876 250 | 6 904 148 | 6 799 063 | 9 804 810 | 10 276 566 | 10 516 274 | 9 317 768 | 6 946 563 |
| Operating profit | -98 109 | -173 561 | 99 397 | -67 521 | 322 111 | 188 811 | 427 173 | 395 320 | 240 984 | 640 397 |
| Profit before income tax | -103 851 | -178 346 | 83 364 | -120 689 | 261 931 | 90 703 | 197 350 | 75 061 | -193 092 | 122 362 |
| Profit for the reporting year | -103 851 | -178 346 | 83 364 | -120 689 | 246 886 | 90 703 | 197 350 | 62 428 | -218 997 | 67 469 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 16 | 15 | 30 | 29 | 30 | 32 | 33 | 38 | 41 | 42 |
| Calculated dividend | — | 0 | 0 | 31 214 | 0 | 39 298 | 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 "RETN Baltic"
Overview
SIA "RETN Baltic" (reg. no. 40103066693) is a limited liability company. The company was registered in 1992 and has been in the register for 34 years. Registered address: Rīga, Augusta Deglava iela 73.
Financial results
Revenue in 2025 was 6 946 563 €, down 25,4% on the previous year (9 317 768 €). From 2016 to 2025, revenue grew by an average of 19,3% per year. Net profit for 2025 was 67 469 € (1,0% of revenue). The company was profitable in 6 of the 10 published years. In 2025 the company had 42 employees (41 a year earlier). Revenue per employee was 165 394 €. At the end of 2025, total assets were 11 441 320 € and equity 1 851 567 € (16,2% of assets).
Management and owners
The board has 3 members. The sole owner of the company is RETN NETWORKS LTD.
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.