H2O, SIAActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2009–2025
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||||
| Total current assets | 525 | 924 | 1294 | 3009 | 8983 | 4919 | 12 118 | 11 330 | 20 511 | 5108 | 6117 | 4978 | 2480 | 10 206 | 10 240 | 39 515 | 60 163 |
| Total non-current assets | 2723 | 4880 | 10 061 | 7958 | 7382 | 11 768 | 22 008 | 68 995 | 49 989 | 50 125 | 83 239 | 85 406 | 106 779 | 71 666 | 100 595 | 79 759 | 51 346 |
| Total assets | 3248 | 5804 | 11 355 | 10 967 | 16 365 | 16 687 | 34 126 | 80 325 | 70 500 | 55 233 | 89 356 | 90 384 | 109 259 | 81 872 | 110 835 | 119 274 | 111 509 |
| Balance sheet — liabilities and equity | |||||||||||||||||
| Current liabilities | 0 | 0 | 425 | 0 | 9381 | 7361 | 15 417 | 7366 | 1617 | 1397 | 2365 | 4793 | 7378 | 11 431 | 30 551 | 42 773 | 53 484 |
| Non-current liabilities | 2000 | 4420 | 8920 | 11 359 | 8452 | 14 046 | 12 026 | 25 939 | 27 139 | 28 138 | 41 139 | 44 389 | 44 889 | 64 489 | 89 489 | 94 539 | 89 069 |
| Total liabilities | 2000 | 4420 | 9345 | 11 359 | 17 833 | 21 407 | 27 443 | 33 305 | 28 756 | 29 535 | 43 504 | 49 182 | 52 267 | 75 920 | 120 040 | 137 312 | 142 553 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -752 | 136 | 625 | -2401 | -1076 | -2630 | 11 403 | 40 337 | -5276 | -16 029 | 14 242 | -4650 | 15 790 | -51 664 | -15 260 | -8833 | -12 784 |
| Total equity | 1248 | 1384 | 2010 | -392 | -1468 | -4720 | 6683 | 47 020 | 41 744 | 25 698 | 45 852 | 41 202 | 56 992 | 5952 | -9205 | -18 038 | -31 044 |
| Income statement | |||||||||||||||||
| Sales revenue | 424 | 1870 | 2740 | 4942 | 69 531 | 41 675 | 101 248 | 79 398 | 49 807 | 28 009 | 52 843 | 32 213 | 60 621 | 114 189 | 179 550 | 274 412 | 349 113 |
| Operating profit | -718 | 136 | 625 | -2401 | -1030 | -2630 | 11 403 | 43 502 | -5135 | -15 960 | 14 297 | -4621 | 15 794 | -51 517 | -14 935 | -8123 | -11 631 |
| EBITDA | -531 | 980 | 625 | -2401 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit before income tax | -752 | 136 | 625 | -2401 | -1076 | -2630 | 11 403 | 43 402 | -5276 | -16 029 | 14 242 | -4650 | 15 790 | -51 664 | -15 260 | -8820 | -12 784 |
| Profit for the reporting year | -752 | 136 | 625 | -2401 | -1076 | -2630 | 11 403 | 40 337 | -5276 | -16 029 | 14 242 | -4650 | 15 790 | -51 664 | -15 260 | -8833 | -12 784 |
| Labour costs | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 187 | 844 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||||
| Employees | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 8 | 9 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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: H2O, SIA
Overview
H2O, SIA (reg. no. 40103225324) is a limited liability company. The company was registered in 2009 and has been in the register for 17 years. Registered address: Rīga, Vējdzirnavu iela 21.
Financial results
Revenue in 2025 was 349 113 €, up 27,2% on the previous year (274 412 €). From 2009 to 2025, revenue grew by an average of 52,1% per year. This is the company's highest revenue among the published years (2009–2025). 2025 ended with a loss of 12 784 €. The company was profitable in 6 of the 17 published years. In 2025 the company had 9 employees (8 a year earlier). Revenue per employee was 38 790 €.
Management and owners
The company has one board member. The sole owner of the company is a private individual.
Points to note
Equity was negative at the end of 2025 (-31 044 €).
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.