MUST BE architecture SIAActive
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 | 3001 | 4566 | 2017 | 756 | 951 | 951 | 866 | 768 | 5 | 547 | 25 001 | 18 469 | 20 315 | 64 794 | 57 839 | 46 232 |
| Total non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3172 | 12 140 | 9612 | 7084 | 1556 | 8064 |
| Total assets | 3001 | 4566 | 2017 | 756 | 951 | 951 | 866 | 768 | 5 | 547 | 28 173 | 30 609 | 29 927 | 71 878 | 59 395 | 54 296 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 1270 | 2540 | 437 | 33 | 642 | 942 | 950 | 945 | 100 | 152 | 2149 | 5332 | 15 745 | 29 639 | 45 903 | 30 499 |
| Non-current liabilities | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9023 |
| Total liabilities | 1280 | 2550 | 437 | 33 | 642 | 942 | 950 | 945 | 100 | 152 | 2149 | 5332 | 15 745 | 29 639 | 45 903 | 39 522 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 1720 | 295 | -436 | -857 | -720 | -300 | -93 | -93 | 82 | 489 | 25 629 | 19 253 | 11 182 | 28 057 | 10 492 | 1282 |
| Total equity | 1721 | 2016 | 1580 | 723 | 309 | 9 | -84 | -177 | -95 | 395 | 26 024 | 25 277 | 14 182 | 42 239 | 13 492 | 14 774 |
| Income statement | ||||||||||||||||
| Sales revenue | 3000 | 15 453 | 15 904 | 2648 | 348 | 220 | 0 | 0 | 0 | 30 575 | 79 865 | 74 060 | 98 054 | 174 705 | 299 991 | 161 518 |
| Operating profit | 1720 | 363 | -366 | -845 | -718 | -300 | -43 | -43 | 132 | 539 | 31 629 | 24 310 | 52 555 | 104 376 | 147 804 | 108 782 |
| Profit before income tax | 1720 | 363 | -366 | -845 | -718 | -300 | -43 | -43 | 132 | 539 | 31 629 | 24 310 | 52 555 | 104 376 | 147 804 | 108 782 |
| Profit for the reporting year | 1720 | 295 | -436 | -857 | -720 | -300 | -93 | -93 | 82 | 489 | 25 629 | 19 253 | 11 182 | 28 057 | 10 492 | 1282 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 3 | 4 | 4 | 4 | 4 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 000 | 22 277 | 0 | 39 239 | 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: MUST BE architecture SIA
Overview
MUST BE architecture SIA (reg. no. 40103354466) is a limited liability company. The company was registered in 2010 and has been in the register for 15 years. Registered address: Jūrmala, Rubeņu iela 19.
Financial results
Revenue in 2025 was 161 518 €, down 46,2% on the previous year (299 991 €). From 2010 to 2025, revenue grew by an average of 30,4% per year. Net profit for 2025 was 1282 € (0,8% of revenue). The company was profitable in 10 of the 16 published years. In 2025 the company had 2 employees. Revenue per employee was 80 759 €. At the end of 2025, total assets were 54 296 € and equity 14 774 € (27,2% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) 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.