SIA "VĀRSTS"Liquidated
Key figures
Ratios
2021Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2009–2021
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 27 945 | 176 771 | 363 316 | 169 962 | 76 826 | 189 915 | 99 291 | 146 125 | 228 059 | 222 493 | 215 009 | 186 972 | 267 377 |
| Total non-current assets | 154 793 | 179 695 | 178 424 | 174 698 | 182 415 | 229 835 | 199 890 | 178 220 | 149 404 | 134 786 | 166 534 | 140 294 | 114 076 |
| Total assets | 182 738 | 356 466 | 541 740 | 344 660 | 259 241 | 419 750 | 299 181 | 324 345 | 377 463 | 357 279 | 381 543 | 327 266 | 381 453 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 94 214 | 160 148 | 304 489 | 179 817 | 89 955 | 166 349 | 90 516 | 171 462 | 149 247 | 89 846 | 100 210 | 102 948 | 205 074 |
| Non-current liabilities | 90 898 | 130 584 | 83 470 | 64 356 | 59 444 | 71 998 | 17 170 | 0 | 0 | 0 | 115 888 | 112 500 | 142 500 |
| Total liabilities | 185 112 | 290 732 | 387 959 | 244 173 | 149 399 | 238 347 | 107 686 | 171 462 | 149 247 | 89 846 | 216 098 | 215 448 | 347 574 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -47 974 | 68 108 | 88 047 | 14 645 | 21 416 | 9631 | 9728 | -34 341 | 75 333 | 39 217 | 23 013 | -6248 | -77 939 |
| Total equity | -2374 | 65 734 | 153 781 | 88 426 | 109 842 | 165 716 | 175 444 | 152 883 | 228 216 | 267 433 | 165 445 | 111 818 | 33 879 |
| Income statement | |||||||||||||
| Sales revenue | 463 468 | 780 310 | 1 263 093 | 1 135 344 | 838 436 | 1 050 736 | 1 084 648 | 604 167 | 1 043 753 | 1 238 126 | 1 209 203 | 944 106 | 413 135 |
| Operating profit | -51 837 | 77 509 | 107 847 | 24 404 | 31 097 | 24 195 | 21 025 | -30 035 | 88 972 | 37 144 | 24 409 | -4409 | -76 128 |
| Profit before income tax | -54 790 | 74 864 | 102 307 | 19 756 | 26 725 | 18 711 | 16 270 | -34 341 | 86 575 | 39 217 | 23 013 | -6185 | -77 939 |
| Profit for the reporting year | -47 974 | 68 108 | 88 047 | 14 645 | 21 416 | 9631 | 9728 | -34 341 | 75 333 | 39 217 | 23 013 | -6248 | -77 939 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 26 | 27 | 38 | 53 | 45 | 45 | 33 | 26 | 18 | 23 | 33 | 33 | 8 |
| Calculated dividend | 22 567 | 14 212 | 0 | 0 | 72 000 | 19 963 | 20 809 | 0 | 0 | 0 | 125 001 | 47 379 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Summary: SIA "VĀRSTS"
Overview
SIA "VĀRSTS" (reg. no. 40103140587) is a limited liability company. The company was registered in 1994. Status in the register: liquidated. Removed from the register on 14.08.2025. Registered address: Rīga, Riekstu iela 6.
Financial results
Revenue in 2021 was 413 135 €, down 56,2% on the previous year (944 106 €). From 2009 to 2021, revenue declined by an average of 1,0% per year. This is the company's lowest revenue among the published years (2009–2021). 2021 ended with a loss of 77 939 €. The company was profitable in 9 of the 13 published years. In 2021 the company had 8 employees (33 a year earlier). Revenue per employee was 51 642 €. At the end of 2021, total assets were 381 453 € and equity 33 879 € (8,9% of assets).
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.