SIA "ART8 Project Solutions"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 192 000 € (14% 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 statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 33 403 | 22 590 | 40 048 | 146 277 | 311 769 | 328 045 | 437 141 | 590 774 | 1 206 974 | 1 175 759 | 756 183 | 2 050 179 | 2 625 700 | 2 346 794 | 2 206 633 | 1 639 090 |
| Total non-current assets | 12 044 | 9875 | 8863 | 10 241 | 12 089 | 16 583 | 19 933 | 12 306 | 7396 | 11 845 | 18 836 | 36 375 | 254 026 | 155 200 | 145 220 | 246 549 |
| Total assets | 45 447 | 32 465 | 48 911 | 156 518 | 323 858 | 344 628 | 457 074 | 603 080 | 1 214 370 | 1 187 604 | 775 019 | 2 086 554 | 2 879 726 | 2 501 994 | 2 351 853 | 1 885 639 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 0 | 2976 | 12 116 | 83 549 | 146 294 | 181 749 | 210 087 | 140 870 | 525 130 | 772 086 | 317 742 | 1 407 790 | 1 192 918 | 1 097 113 | 986 083 | 579 381 |
| Non-current liabilities | 32 127 | 3200 | 0 | 10 000 | 9229 | 16 252 | 21 388 | 17 030 | 145 849 | 120 099 | 0 | 0 | 111 433 | 0 | 0 | 0 |
| Total liabilities | 32 127 | 6176 | 12 116 | 93 549 | 155 523 | 198 001 | 231 475 | 157 900 | 670 979 | 892 185 | 317 742 | 1 407 790 | 1 304 351 | 1 097 113 | 986 083 | 579 381 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 11 320 | 12 969 | 10 506 | 26 174 | 78 737 | 11 625 | 101 194 | 219 581 | 360 622 | -68 049 | 161 858 | 221 487 | 154 194 | 140 599 | 169 543 | 132 488 |
| Total equity | 13 320 | 26 289 | 36 795 | 62 969 | 168 335 | 146 627 | 225 599 | 445 180 | 543 391 | 295 419 | 457 277 | 678 764 | 1 575 375 | 1 404 881 | 1 365 770 | 1 306 258 |
| Income statement | ||||||||||||||||
| Sales revenue | 212 835 | 264 100 | 186 562 | 438 459 | 1 142 693 | 827 175 | 1 112 131 | 2 000 534 | 3 149 071 | 2 907 620 | 3 007 664 | 4 456 131 | 9 685 570 | 7 662 263 | 7 669 475 | 3 905 402 |
| Operating profit | 12 487 | 14 845 | 14 256 | 32 138 | 93 805 | 14 435 | 49 657 | 265 576 | 268 860 | -28 505 | 171 902 | 228 670 | 174 454 | 203 530 | 192 676 | 198 328 |
| Profit before income tax | 12 208 | 14 732 | 12 560 | 30 408 | 92 869 | 14 160 | 118 973 | 259 221 | 363 554 | -37 038 | 165 641 | 221 487 | 165 403 | 177 172 | 169 543 | 187 618 |
| Profit for the reporting year | 11 320 | 12 969 | 10 506 | 26 174 | 78 737 | 11 625 | 101 194 | 219 581 | 360 622 | -68 049 | 161 858 | 221 487 | 154 194 | 140 599 | 169 543 | 132 488 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 2 | 5 | 5 | 10 | 10 | 7 | 10 | 20 | 40 | 41 | 44 | 55 | 84 | 111 | 92 | 56 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 33 333 | 22 222 | 0 | 262 411 | 179 923 | 0 | 0 | 0 | 311 093 | 208 654 | 192 000 |
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 "ART8 Project Solutions"
Overview
SIA "ART8 Project Solutions" (reg. no. 40103262246) is a limited liability company. The company was registered in 2009 and has been in the register for 16 years. Registered address: Rīga, Rītausmas iela 7A.
Financial results
Revenue in 2025 was 3 905 402 €, down 49,1% on the previous year (7 669 475 €). From 2010 to 2025, revenue grew by an average of 21,4% per year. Net profit for 2025 was 132 488 € (3,4% of revenue). The company was profitable in 15 of the 16 published years. In 2025 the company had 56 employees (92 a year earlier). Revenue per employee was 69 739 €. At the end of 2025, total assets were 1 885 639 € and equity 1 306 258 € (69,3% of assets).
Management and owners
The board has 3 members. According to the register, the company has 2 owners. The largest stake (80%) 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.