SIA "Velve-AE"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 | 421 565 | 460 598 | 1 769 468 | 1 024 591 | 883 888 | 1 550 336 | 2 699 053 | 7 238 017 | 7 908 684 | 5 079 529 |
| Total non-current assets | 213 077 | 287 918 | 213 401 | 211 687 | 190 636 | 184 551 | 199 412 | 250 912 | 464 573 | 416 891 |
| Total assets | 634 642 | 748 516 | 1 982 869 | 1 236 278 | 1 074 524 | 1 734 887 | 2 898 465 | 7 488 929 | 8 373 257 | 5 496 420 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 253 536 | 417 910 | 1 665 445 | 859 967 | 444 970 | 912 758 | 1 809 063 | 6 305 356 | 7 370 927 | 4 291 364 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 253 536 | 417 910 | 1 665 445 | 859 967 | 444 970 | 912 758 | 1 809 063 | 6 305 356 | 7 370 927 | 4 291 364 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 17 553 | 37 264 | 126 818 | 142 783 | 253 243 | 192 575 | 267 273 | 194 171 | 28 758 | 202 726 |
| Total equity | 381 106 | 330 606 | 317 424 | 376 311 | 629 554 | 822 129 | 1 089 402 | 1 183 573 | 1 002 330 | 1 205 056 |
| Income statement | ||||||||||
| Sales revenue | 2 266 582 | 2 449 045 | 4 005 115 | 7 556 936 | 4 301 770 | 3 811 635 | 8 676 106 | 17 564 339 | 27 127 494 | 17 651 837 |
| Operating profit | 20 542 | 43 688 | 127 994 | 144 028 | 253 531 | 192 838 | 267 273 | 217 752 | 81 458 | 202 917 |
| Profit before income tax | 20 542 | 43 688 | 127 994 | 144 028 | 253 531 | 192 838 | 267 273 | 217 752 | 81 458 | 202 917 |
| Profit for the reporting year | 17 553 | 37 264 | 126 818 | 142 783 | 253 243 | 192 575 | 267 273 | 194 171 | 28 758 | 202 726 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 50 | 42 | 46 | 50 | 50 | 55 | 71 | 78 | 79 | 67 |
| Calculated dividend | — | 87 764 | 140 000 | 83 896 | 0 | 0 | 0 | 100 000 | 210 000 | 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 "Velve-AE"
Overview
SIA "Velve-AE" (reg. no. 40103074525) is a limited liability company. The company was registered in 1992 and has been in the register for 33 years. Registered address: Rīga, Tallinas iela 94.
Financial results
Revenue in 2025 was 17 651 837 €, down 34,9% on the previous year (27 127 494 €). From 2016 to 2025, revenue grew by an average of 25,6% per year. Net profit for 2025 was 202 726 € (1,1% of revenue). The company was profitable in all 10 published years. In 2025 the company had 67 employees (79 a year earlier). Revenue per employee was 263 460 €. At the end of 2025, total assets were 5 496 420 € and equity 1 205 056 € (21,9% of assets).
Management and owners
The board has 3 members. According to the register, the company has 2 owners. The largest stake (80%) 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.