Sabiedrība ar ierobežotu atbildību "Balt Art Group"Active

40103277044Limited liability companyFounded 2010

Key figures

1 454 628 €+1,8%

Revenue 2022

Ratios

2022

2,0%

Profit margin

20,1%

Equity ratio

1,5×

Current ratio

20,0%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Summary of financial statements2010–2022

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Balance sheet — assets
Total current assets	19 572	111 661	110 665	132 451	205 886	339 187	239 588	341 529	306 123	331 869	417 500	452 832	651 849
Total non-current assets	625	11 588	11 974	124 376	261 004	238 948	302 664	97 888	90 537	104 287	98 222	93 702	69 049
Total assets	20 197	123 249	122 639	256 827	466 890	578 135	542 252	439 417	396 660	436 156	515 722	546 534	720 898
Balance sheet — liabilities and equity
Current liabilities	8810	90 085	137 856	122 151	245 506	356 142	516 081	399 042	341 751	377 102	425 924	404 493	443 232
Non-current liabilities	14 056	40 000	7028	133 319	207 913	238 949	73 783	60 462	41 364	55 765	59 064	26 257	133 000
Total liabilities	22 866	130 085	144 884	255 470	453 419	595 091	589 864	459 504	383 115	432 867	484 988	430 750	576 232
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	-5172	-4172	-15 400	22 880	-942	-31 002	-28 015	27 525	33 632	-10 256	27 445	85 050	28 861
Total equity	-3072	-7244	-22 644	236	11 405	-19 597	-47 612	-20 087	13 545	3289	30 734	115 784	144 666
Income statement
Sales revenue	0	61 045	78 652	201 435	364 312	209 867	227 499	301 197	535 872	452 129	740 534	1 428 751	1 454 628
Operating profit	-5172	-4172	-15 400	22 880	592	-28 740	-27 486	30 585	34 199	-9912	27 901	85 401	29 147
Profit before income tax	-5172	-4172	-15 400	22 880	-942	-31 002	-28 015	30 308	34 025	-10 144	27 445	85 050	28 861
Profit for the reporting year	-5172	-4172	-15 400	22 880	-942	-31 002	-28 015	27 525	33 632	-10 256	27 445	85 050	28 861
Labour costs	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation of non-current assets	—	—	—	—	—	—	—	—	—	—	—	—	—
Other indicators
Employees	2	3	5	4	4	4	4	5	5	3	3	3	4
Calculated dividend	—	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.

Connections graph

CompanyPersonShareholderOther roleAdditional link

Summary: Sabiedrība ar ierobežotu atbildību "Balt Art Group"

Overview

Sabiedrība ar ierobežotu atbildību "Balt Art Group" (reg. no. 40103277044) is a limited liability company. The company was registered in 2010 and has been in the register for 16 years. Registered address: Rīga, Dzeņu iela 7 k-1 - 96.

Financial results

Revenue in 2022 was 1 454 628 €, up 1,8% on the previous year (1 428 751 €). This is the company's highest revenue among the published years (2010–2022). Net profit for 2022 was 28 861 € (2,0% of revenue). The company was profitable in 6 of the 13 published years. In 2022 the company had 4 employees (3 a year earlier). Revenue per employee was 363 657 €. At the end of 2022, total assets were 720 898 € and equity 144 666 € (20,1% of assets).

Management and owners

The board has 2 members. According to the register, the company has 2 owners. The largest stake (53,3%) is held by a private individual.

Points to note

The latest published annual report is for 2022.

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.