Sabiedrība ar ierobežotu atbildību "Westbalt Group"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
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 | 53 922 | 84 955 | 451 754 | 802 398 | 425 153 | 308 340 | 334 099 | 660 329 | 3 346 014 | 2 409 437 | 1 747 941 | 815 724 | 694 984 | 637 560 | 1 088 820 | 276 975 |
| Total non-current assets | 932 051 | 2 055 320 | 2 497 925 | 3 694 856 | 4 745 147 | 4 551 005 | 4 370 130 | 3 009 865 | 2 492 017 | 3 042 966 | 3 252 585 | 5 128 736 | 5 406 062 | 5 402 353 | 4 944 060 | 4 647 249 |
| Total assets | 985 973 | 2 140 275 | 2 949 679 | 4 497 254 | 5 170 300 | 4 859 345 | 4 704 229 | 3 670 194 | 5 838 031 | 5 452 403 | 5 000 526 | 5 944 460 | 6 101 046 | 6 039 913 | 6 032 880 | 4 924 224 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 702 946 | 293 512 | 18 535 | 344 147 | 218 570 | 28 241 | 87 696 | 91 688 | 141 835 | 138 410 | 396 383 | 126 355 | 113 858 | 123 738 | 144 552 | 165 364 |
| Non-current liabilities | 281 122 | 1 932 711 | 3 246 315 | 1 703 951 | 1 594 505 | 1 592 905 | 1 586 905 | 1 556 905 | 5 042 167 | 4 785 734 | 4 321 734 | 5 529 098 | 5 523 145 | 5 523 145 | 5 525 145 | 4 323 145 |
| Total liabilities | 984 068 | 2 226 223 | 3 264 850 | 2 048 098 | 1 813 075 | 1 621 146 | 1 674 601 | 1 648 593 | 5 184 002 | 4 924 144 | 4 718 117 | 5 655 453 | 5 637 003 | 5 646 883 | 5 669 697 | 4 488 509 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -421 | -91 140 | -91 308 | -162 087 | -115 979 | -124 418 | -90 706 | -998 367 | -1 416 194 | -125 770 | -245 850 | 6598 | 175 025 | -71 013 | -29 847 | 72 532 |
| Total equity | 1579 | -89 561 | -325 735 | 2 423 127 | 3 314 602 | 3 190 129 | 3 019 968 | 2 021 601 | 654 029 | 528 259 | 282 409 | 289 007 | 464 043 | 393 030 | 363 183 | 435 715 |
| Income statement | ||||||||||||||||
| Sales revenue | 3719 | 112 323 | 285 826 | 521 474 | 786 066 | 425 113 | 355 033 | 312 733 | 1 460 168 | 601 310 | 680 669 | 1 126 272 | 534 294 | 573 595 | 539 655 | 569 442 |
| Operating profit | -421 | -95 440 | -93 589 | -159 615 | -103 008 | -99 156 | -90 706 | -998 367 | -1 415 724 | -125 729 | -245 936 | 7311 | 176 703 | -69 800 | -56 663 | 51 539 |
| Profit before income tax | -421 | -95 610 | -93 873 | -160 724 | -103 522 | -99 156 | -90 706 | -998 367 | -1 415 724 | -125 729 | -245 817 | 6621 | 175 048 | -70 990 | -29 810 | 73 333 |
| Profit for the reporting year | -421 | -91 140 | -91 308 | -162 087 | -115 979 | -124 418 | -90 706 | -998 367 | -1 416 194 | -125 770 | -245 850 | 6598 | 175 025 | -71 013 | -29 847 | 72 532 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 1 | 12 | 29 | 32 | 36 | 33 | 32 | 34 | 39 | 41 | 41 | 30 | 24 | 23 | 21 | 21 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 79 455 | 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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Related companies
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Summary: Sabiedrība ar ierobežotu atbildību "Westbalt Group"
Overview
Sabiedrība ar ierobežotu atbildību "Westbalt Group" (reg. no. 40103333638) is a limited liability company. The company was registered in 2010 and has been in the register for 16 years. Registered address: Jūrmala, Strēlnieku prospekts 50 - 1S.
Financial results
Revenue in 2025 was 569 442 €, up 5,5% on the previous year (539 655 €). From 2010 to 2025, revenue grew by an average of 39,9% per year. Net profit for 2025 was 72 532 € (12,7% of revenue). The company was profitable in 3 of the 16 published years. In 2025 the company had 21 employees. Revenue per employee was 27 116 €. At the end of 2025, total assets were 4 924 224 € and equity 435 715 € (8,8% of assets).
Management and owners
The board has 3 members. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual. The company holds a stake in one other active Latvian company.
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.