Avafin Latvia SIAActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2010–2025
| 2010 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 84 179 | 845 287 | 917 358 | 1 926 638 | 3 207 515 | 3 234 443 | 5 161 039 | 10 268 644 | 11 217 050 | 2 460 815 | 5 507 556 | 6 584 213 | 6 350 548 | 5 527 174 | 6 429 308 |
| Total non-current assets | 10 856 | 60 261 | 713 959 | 1 565 878 | 1 569 980 | 158 128 | 66 296 | 60 014 | 60 497 | 7 171 324 | 6 834 253 | 7 806 697 | 9 112 708 | 11 281 907 | 22 357 254 |
| Total assets | 95 035 | 905 548 | 1 631 317 | 3 492 516 | 4 777 495 | 3 392 571 | 5 227 335 | 10 328 658 | 11 277 547 | 9 632 139 | 12 341 809 | 14 390 910 | 15 463 256 | 16 809 081 | 28 786 562 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 46 102 | 624 398 | 559 939 | 768 555 | 1 883 468 | 1 372 596 | 5 480 580 | 2 334 872 | 712 482 | 887 821 | 5 571 670 | 7 888 380 | 9 014 516 | 11 210 640 | 23 114 195 |
| Non-current liabilities | 24 096 | 793 | 666 848 | 2 284 822 | 2 696 103 | 2 179 398 | 0 | 3 850 059 | 5 331 637 | 2 318 407 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 70 198 | 625 191 | 1 226 787 | 3 053 377 | 4 579 571 | 3 551 994 | 5 480 580 | 6 184 931 | 6 044 119 | 3 206 228 | 5 571 670 | 7 888 380 | 9 014 516 | 11 210 640 | 23 114 195 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 22 790 | -201 973 | 125 417 | 24 300 | -257 327 | -332 082 | -93 822 | 595 147 | 1 089 701 | 1 192 483 | 344 228 | -267 609 | -53 790 | -850 299 | 73 926 |
| Total equity | 24 790 | 275 069 | 400 486 | 430 173 | 172 661 | -159 423 | -253 245 | 4 143 727 | 5 233 428 | 6 425 911 | 6 770 139 | 6 502 530 | 6 448 740 | 5 598 441 | 5 672 367 |
| Income statement | |||||||||||||||
| Sales revenue | 48 427 | 635 348 | 1 131 062 | 1 807 066 | 2 660 749 | 2 723 433 | 3 702 855 | 5 967 117 | 7 720 042 | 4 288 733 | 3 511 017 | 4 040 962 | 4 529 076 | 4 813 071 | 5 554 977 |
| Operating profit | 26 881 | -222 066 | 84 504 | 379 165 | 261 633 | 28 136 | 558 323 | 794 912 | 1 521 071 | 1 800 579 | 699 820 | 188 205 | 595 970 | 185 045 | 1 856 233 |
| Profit before income tax | 27 242 | -180 318 | 163 273 | 97 964 | -222 139 | -309 033 | 26 075 | 635 246 | 1 089 714 | 1 192 483 | 344 228 | -266 949 | -52 760 | -849 656 | 75 239 |
| Profit for the reporting year | 22 790 | -201 973 | 125 417 | 24 300 | -257 327 | -332 082 | -93 822 | 595 147 | 1 089 701 | 1 192 483 | 344 228 | -267 609 | -53 790 | -850 299 | 73 926 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 2 | 10 | 15 | 15 | 26 | 33 | 43 | 52 | 53 | 44 | 40 | 39 | 39 | 40 | 13 |
| Calculated dividend | — | 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: Avafin Latvia SIA
Overview
Avafin Latvia SIA (reg. no. 40103283854) is a limited liability company. The company was registered in 2010 and has been in the register for 16 years. Registered address: Rīga, Skanstes iela 12.
Financial results
Revenue in 2025 was 5 554 977 €, up 15,4% on the previous year (4 813 071 €). From 2010 to 2025, revenue grew by an average of 40,3% per year. Net profit for 2025 was 73 926 € (1,3% of revenue). The company was profitable in 8 of the 15 published years. In 2025 the company had 13 employees (40 a year earlier). Revenue per employee was 427 306 €. At the end of 2025, total assets were 28 786 562 € and equity 5 672 367 € (19,7% of assets).
Management and owners
The board has 2 members. The sole owner of the company is Avafin Holding 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.