SIA Sapiens Software Solutions (Latvia)Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 1 000 000 € (38% of equity at the end of the previous year).
Summary of financial statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 9890 | 109 249 | 376 372 | 624 965 | 1 074 812 | 1 264 892 | 780 052 | 1 207 021 | 1 636 099 | 3 014 353 | 2 807 795 | 5 880 315 | 6 099 868 | 8 589 014 | 6 615 005 | 6 892 132 |
| Total non-current assets | 643 | 37 093 | 50 070 | 68 967 | 105 866 | 156 364 | 147 748 | 86 486 | 59 235 | 98 896 | 122 251 | 211 019 | 185 315 | 189 505 | 91 559 | 171 368 |
| Total assets | 10 533 | 146 342 | 426 442 | 693 932 | 1 180 678 | 1 421 256 | 927 800 | 1 293 507 | 1 695 334 | 3 113 249 | 2 930 046 | 6 091 334 | 6 285 183 | 8 778 519 | 6 706 564 | 7 063 500 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 816 | 71 292 | 123 983 | 109 616 | 234 377 | 246 537 | 321 789 | 629 996 | 476 483 | 643 322 | 935 503 | 1 579 363 | 1 896 428 | 3 024 104 | 4 047 443 | 2 806 896 |
| Non-current liabilities | 0 | 13 602 | 14 013 | 9322 | 1232 | 2972 | 22 500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 816 | 84 894 | 137 996 | 118 938 | 235 609 | 249 509 | 344 289 | 629 996 | 476 483 | 643 322 | 935 503 | 1 579 363 | 1 896 428 | 3 024 104 | 4 047 443 | 2 806 896 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 7717 | 58 272 | 271 547 | 506 191 | 562 475 | 771 394 | 491 070 | 570 000 | 555 340 | 1 244 671 | 1 449 954 | 3 522 181 | 1 926 737 | 3 237 888 | 2 161 235 | 2 597 483 |
| Total equity | 9717 | 61 322 | 286 702 | 570 671 | 930 024 | 1 145 863 | 583 511 | 663 511 | 1 218 851 | 2 469 927 | 1 994 543 | 4 511 971 | 4 388 755 | 5 754 415 | 2 659 121 | 4 256 604 |
| Income statement | ||||||||||||||||
| Sales revenue | 13 813 | 303 467 | 1 457 665 | 1 956 937 | 2 800 858 | 3 632 411 | 3 821 830 | 4 189 691 | 3 773 926 | 5 253 992 | 7 469 142 | 11 049 333 | 12 776 248 | 18 926 604 | 19 760 479 | 20 391 659 |
| Operating profit | 9286 | 66 413 | 323 479 | 493 259 | 586 206 | 819 842 | 475 113 | 768 561 | 602 773 | 1 298 633 | 1 842 846 | 3 836 543 | 2 522 265 | 3 796 670 | 3 533 065 | 2 937 226 |
| Profit before income tax | 9286 | 66 219 | 322 867 | 586 316 | 649 061 | 897 804 | 573 380 | 971 024 | 602 773 | 1 298 633 | 1 842 846 | 3 836 543 | 2 522 265 | 3 815 366 | 3 558 427 | 2 952 453 |
| Profit for the reporting year | 7717 | 58 272 | 271 547 | 506 191 | 562 475 | 771 394 | 491 070 | 570 000 | 555 340 | 1 244 671 | 1 449 954 | 3 522 181 | 1 926 737 | 3 237 888 | 2 161 235 | 2 597 483 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 1 | 1 | 7 | 7 | 7 | 7 | 9 | 21 | 49 | 62 | 85 | 119 | 135 | 192 | 204 | 199 |
| Calculated dividend | — | 6667 | 46 667 | 222 222 | 444 444 | 555 555 | 1 053 422 | 490 000 | 0 | 0 | 1 925 338 | 1 004 753 | 2 049 954 | 1 872 227 | 5 256 529 | 1 000 000 |
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 Sapiens Software Solutions (Latvia)
Overview
SIA Sapiens Software Solutions (Latvia) (reg. no. 40103177560) is a limited liability company. The company was registered in 2008 and has been in the register for 18 years. Registered address: Rīga, Gunāra Astras iela 1C.
Financial results
Revenue in 2025 was 20 391 659 €, up 3,2% on the previous year (19 760 479 €). From 2010 to 2025, revenue grew by an average of 62,7% per year. This is the company's highest revenue among the published years (2010–2025). Net profit for 2025 was 2 597 483 € (12,7% of revenue). The company was profitable in all 16 published years. In 2025 the company had 199 employees (204 a year earlier). Revenue per employee was 102 471 €. At the end of 2025, total assets were 7 063 500 € and equity 4 256 604 € (60,3% of assets).
Management and owners
The board has 3 members. The sole owner of the company is Sapiens Technologies (1982) 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.