SIA "11 M"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 225 000 € (41% 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 statements2011–2025
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 29 286 | 88 441 | 102 988 | 62 531 | 92 355 | 117 489 | 394 550 | 727 173 | 1 027 914 | 789 097 | 834 332 | 957 324 | 692 807 | 728 101 | 662 608 |
| Total non-current assets | 31 801 | 33 625 | 31 881 | 69 307 | 137 151 | 201 238 | 246 603 | 232 423 | 158 343 | 210 035 | 166 704 | 167 031 | 164 520 | 144 543 | 87 204 |
| Total assets | 61 087 | 122 066 | 134 869 | 131 838 | 229 506 | 318 727 | 641 153 | 959 596 | 1 186 257 | 999 132 | 1 001 036 | 1 124 355 | 857 327 | 872 644 | 749 812 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 27 235 | 113 688 | 138 236 | 145 151 | 91 037 | 209 213 | 266 790 | 286 810 | 239 445 | 150 414 | 157 415 | 344 724 | 388 845 | 320 831 | 260 148 |
| Non-current liabilities | 27 648 | 5000 | 0 | 0 | 0 | 46 258 | 49 759 | 68 825 | 33 166 | 42 437 | 16 380 | 0 | 0 | 0 | 0 |
| Total liabilities | 54 883 | 118 688 | 138 236 | 145 151 | 91 037 | 255 471 | 316 549 | 355 635 | 272 611 | 192 851 | 173 795 | 344 724 | 388 845 | 320 831 | 260 148 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 4204 | -2826 | -6745 | -12 230 | 143 800 | -28 647 | 321 682 | 530 157 | 673 661 | 62 634 | 73 961 | 147 390 | -206 149 | 195 331 | 162 851 |
| Total equity | 6204 | 3378 | -3367 | -17 021 | 126 761 | 63 256 | 324 604 | 603 961 | 913 646 | 806 281 | 827 241 | 779 631 | 468 482 | 551 813 | 489 664 |
| Income statement | |||||||||||||||
| Sales revenue | 53 178 | 323 635 | 479 246 | 1 051 252 | 1 659 256 | 1 603 722 | 2 169 348 | 2 300 492 | 2 462 787 | 873 006 | 488 490 | 2 333 470 | 2 861 290 | 2 807 345 | 2 954 555 |
| Operating profit | 4204 | -2826 | -6745 | -12 230 | 160 790 | -28 647 | 364 388 | 532 967 | 749 356 | 106 059 | 87 388 | 196 688 | -179 675 | 224 675 | 176 800 |
| Profit before income tax | 4204 | -2826 | -6745 | -12 230 | 160 790 | -28 647 | 362 861 | 531 657 | 748 478 | 105 566 | 87 260 | 196 663 | -179 675 | 224 675 | 211 800 |
| Profit for the reporting year | 4204 | -2826 | -6745 | -12 230 | 143 800 | -28 647 | 321 682 | 530 157 | 673 661 | 62 634 | 73 961 | 147 390 | -206 149 | 195 331 | 162 851 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 12 | 28 | 27 | 46 | 52 | 50 | 61 | 67 | 64 | 37 | 34 | 53 | 61 | 62 | 58 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 34 858 | 60 334 | 250 800 | 363 976 | 169 999 | 53 001 | 195 000 | 105 000 | 112 000 | 225 000 |
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 "11 M"
Overview
SIA "11 M" (reg. no. 40103375542) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Rīga, Mārstaļu iela 2/4.
Financial results
Revenue in 2025 was 2 954 555 €, up 5,2% on the previous year (2 807 345 €). From 2011 to 2025, revenue grew by an average of 33,2% per year. This is the company's highest revenue among the published years (2011–2025). Net profit for 2025 was 162 851 € (5,5% of revenue). The company was profitable in 10 of the 15 published years. In 2025 the company had 58 employees (62 a year earlier). Revenue per employee was 50 941 €. At the end of 2025, total assets were 749 812 € and equity 489 664 € (65,3% of assets).
Management and owners
The company has one board member. The sole owner of the company is 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.