Sabiedrība ar ierobežotu atbildību "GMG WELDING"Active
Key figures
Ratios
2025Balance sheet structure
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 | 159 445 | 172 379 | 180 312 | 149 438 | 168 468 | 163 124 | 164 276 | 172 005 | 142 068 | 122 280 | 96 242 | 112 637 | 165 763 | 126 386 | 122 181 | 133 603 |
| Total non-current assets | 6607 | 19 406 | 15 070 | 9579 | 18 727 | 10 782 | 6936 | 5222 | 2788 | 20 500 | 15 211 | 10 080 | 5367 | 1440 | 1750 | 11 458 |
| Total assets | 166 052 | 191 785 | 195 382 | 159 017 | 187 195 | 173 906 | 171 212 | 177 227 | 144 856 | 142 780 | 111 453 | 122 717 | 171 130 | 127 826 | 123 931 | 145 061 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 0 | 194 979 | 192 576 | 154 637 | 169 873 | 154 762 | 154 390 | 161 758 | 121 144 | 105 047 | 75 271 | 73 363 | 101 485 | 54 121 | 49 467 | 61 074 |
| Non-current liabilities | 168 459 | 6006 | 4953 | 1489 | 11 501 | 9225 | 6950 | 4675 | 0 | 9836 | 6798 | 3761 | 0 | 0 | 0 | 0 |
| Total liabilities | 168 459 | 200 985 | 197 529 | 156 126 | 181 374 | 163 987 | 161 340 | 166 433 | 121 144 | 114 883 | 82 069 | 77 124 | 101 485 | 54 121 | 49 467 | 61 074 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -3003 | -6793 | 7053 | 5038 | 1708 | 4098 | -46 | 922 | 12 918 | 4185 | 1487 | 16 209 | 24 052 | 4060 | 759 | 9523 |
| Total equity | -2407 | -9200 | -2147 | 2891 | 5821 | 9919 | 9872 | 10 794 | 23 712 | 27 897 | 29 384 | 45 593 | 69 645 | 73 705 | 74 464 | 83 987 |
| Income statement | ||||||||||||||||
| Sales revenue | 128 428 | 274 684 | 385 043 | 326 963 | 438 069 | 406 784 | 365 622 | 361 867 | 422 188 | 377 452 | 387 724 | 353 573 | 508 950 | 404 633 | 298 665 | 446 857 |
| Operating profit | -3003 | -6793 | 7053 | 5038 | 2177 | 5401 | -46 | 1137 | 12 918 | 5205 | 2837 | 17 610 | 25 196 | 4951 | 1264 | 10 365 |
| Profit before income tax | -3003 | -6793 | 7053 | 5038 | 2177 | 5401 | -46 | 1137 | 12 918 | 4185 | 1487 | 16 209 | 24 052 | 4060 | 759 | 9523 |
| Profit for the reporting year | -3003 | -6793 | 7053 | 5038 | 1708 | 4098 | -46 | 922 | 12 918 | 4185 | 1487 | 16 209 | 24 052 | 4060 | 759 | 9523 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 2 | 5 | 8 | 7 | 6 | 6 | 5 | 5 | 5 | 6 | 6 | 5 | 5 | 3 | 3 | 3 |
| Calculated dividend | — | 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: Sabiedrība ar ierobežotu atbildību "GMG WELDING"
Overview
Sabiedrība ar ierobežotu atbildību "GMG WELDING" (reg. no. 40103225358) is a limited liability company. The company was registered in 2009 and has been in the register for 17 years. Registered address: Ogres nov., Ikšķile, Saules iela 4.
Financial results
Revenue in 2025 was 446 857 €, up 49,6% on the previous year (298 665 €). From 2010 to 2025, revenue grew by an average of 8,7% per year. Net profit for 2025 was 9523 € (2,1% of revenue). The company was profitable in 13 of the 16 published years. In 2025 the company had 3 employees. Revenue per employee was 148 952 €. At the end of 2025, total assets were 145 061 € and equity 83 987 € (57,9% of assets).
Management and owners
The company has one board member. The sole owner of the company is 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.