SIA "Modul"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 1 100 001 € (18% 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 | 22 242 | 114 042 | 188 214 | 392 980 | 518 044 | 631 824 | 464 907 | 809 116 | 1 520 507 | 2 051 739 | 3 435 141 | 4 412 873 | 3 815 857 | 3 647 153 | 3 959 555 |
| Total non-current assets | 183 504 | 349 547 | 363 457 | 694 110 | 785 701 | 708 528 | 1 130 126 | 1 437 568 | 1 359 062 | 1 396 464 | 1 475 093 | 1 825 605 | 2 793 941 | 3 000 701 | 2 900 694 |
| Total assets | 205 746 | 463 589 | 551 671 | 1 087 090 | 1 303 745 | 1 340 352 | 1 595 033 | 2 246 684 | 2 879 569 | 3 448 203 | 4 910 234 | 6 238 478 | 6 609 798 | 6 647 854 | 6 860 249 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 27 754 | 110 140 | 84 470 | 217 913 | 845 555 | 302 919 | 310 114 | 529 840 | 1 102 326 | 451 956 | 631 927 | 389 543 | 389 150 | 606 263 | 810 911 |
| Non-current liabilities | 108 958 | 84 758 | 68 902 | 72 853 | 121 298 | 634 380 | 623 246 | 762 077 | 729 663 | 1 003 258 | 557 039 | 497 981 | 16 348 | 0 | 0 |
| Total liabilities | 136 712 | 194 898 | 153 372 | 290 766 | 966 853 | 937 299 | 933 360 | 1 291 917 | 1 831 989 | 1 455 214 | 1 188 966 | 887 524 | 405 498 | 606 263 | 810 911 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 47 047 | 169 078 | 176 995 | 222 682 | 314 398 | 85 809 | 258 620 | 293 094 | 751 640 | 945 409 | 1 727 609 | 1 629 685 | 853 345 | 437 336 | 1 107 748 |
| Total equity | 69 034 | 238 112 | 395 119 | 784 886 | 317 244 | 403 053 | 661 673 | 954 767 | 1 047 580 | 1 992 989 | 3 721 268 | 5 350 954 | 6 204 300 | 6 041 591 | 6 049 338 |
| Income statement | |||||||||||||||
| Sales revenue | 212 769 | 611 213 | 818 807 | 1 701 105 | 2 551 854 | 1 745 399 | 2 567 231 | 2 755 078 | 4 102 919 | 4 456 387 | 6 142 393 | 7 309 601 | 4 761 372 | 5 003 714 | 7 776 297 |
| Operating profit | 52 796 | 230 434 | 173 897 | 270 464 | 384 276 | 133 192 | 314 528 | 319 460 | 779 040 | 967 667 | 1 747 936 | 1 649 077 | 854 795 | 569 635 | 1 442 664 |
| Profit before income tax | 51 628 | 227 380 | 170 994 | 265 248 | 376 577 | 110 094 | 289 363 | 293 899 | 752 291 | 945 409 | 1 727 760 | 1 629 755 | 854 202 | 590 037 | 1 467 700 |
| Profit for the reporting year | 47 047 | 169 078 | 176 995 | 222 682 | 314 398 | 85 809 | 258 620 | 293 094 | 751 640 | 945 409 | 1 727 609 | 1 629 685 | 853 345 | 437 336 | 1 107 748 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 5 | 4 | 10 | 14 | 14 | 16 | 23 | 29 | 31 | 28 | 32 | 30 | 26 | 30 | 35 |
| Calculated dividend | — | 0 | 0 | 0 | 708 502 | 0 | 0 | 0 | 658 827 | 0 | 0 | 0 | 0 | 600 045 | 1 100 001 |
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 "Modul"
Overview
SIA "Modul" (reg. no. 40103174460) is a limited liability company. The company was registered in 2008 and has been in the register for 18 years. Registered address: Rīga, Latgales iela 433.
Financial results
Revenue in 2025 was 7 776 297 €, up 55,4% on the previous year (5 003 714 €). From 2011 to 2025, revenue grew by an average of 29,3% per year. This is the company's highest revenue among the published years (2011–2025). Net profit for 2025 was 1 107 748 € (14,2% of revenue). The company was profitable in all 15 published years. In 2025 the company had 35 employees (30 a year earlier). Revenue per employee was 222 180 €. At the end of 2025, total assets were 6 860 249 € and equity 6 049 338 € (88,2% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) 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.