Sabiedrība ar ierobežotu atbildību "AVE STEEL"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 250 000 € (5% of equity at the end of the previous year).
Summary of financial statements2013–2025
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 316 203 | 442 146 | 639 487 | 897 338 | 1 231 065 | 1 730 509 | 1 856 211 | 2 503 085 | 5 351 499 | 5 878 595 | 4 704 141 | 4 417 937 | 4 418 781 |
| Total non-current assets | 6312 | 7655 | 32 568 | 34 287 | 46 337 | 34 609 | 129 056 | 203 449 | 3 183 138 | 3 081 767 | 3 049 794 | 2 987 339 | 2 807 733 |
| Total assets | 322 515 | 449 801 | 672 055 | 931 625 | 1 277 402 | 1 765 118 | 1 985 267 | 2 706 534 | 8 534 637 | 8 960 362 | 7 753 935 | 7 405 276 | 7 226 514 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 253 965 | 349 277 | 502 172 | 630 226 | 913 301 | 1 356 384 | 1 000 580 | 1 548 169 | 2 354 762 | 1 924 555 | 1 168 592 | 1 259 576 | 2 228 892 |
| Non-current liabilities | 0 | 0 | 17 491 | 19 060 | 24 857 | 14 399 | 63 358 | 64 808 | 2 151 444 | 1 786 889 | 1 564 013 | 1 191 627 | 52 444 |
| Total liabilities | 253 965 | 349 277 | 519 663 | 649 286 | 938 158 | 1 370 783 | 1 063 938 | 1 612 977 | 4 506 206 | 3 711 444 | 2 732 605 | 2 451 203 | 2 281 336 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 28 912 | 43 029 | 101 478 | 129 947 | 239 244 | 294 335 | 526 994 | 362 228 | 3 169 209 | 1 700 487 | 301 634 | 232 743 | 241 105 |
| Total equity | 68 083 | 99 902 | 151 480 | 282 339 | 339 244 | 394 335 | 921 329 | 1 093 557 | 4 028 431 | 5 248 918 | 5 021 330 | 4 954 073 | 4 945 178 |
| Income statement | |||||||||||||
| Sales revenue | 1 233 622 | 2 392 432 | 3 261 485 | 3 949 772 | 6 163 382 | 9 016 692 | 10 946 157 | 10 355 100 | 21 782 119 | 22 773 153 | 17 134 671 | 14 873 656 | 14 859 617 |
| Operating profit | 37 471 | 62 515 | 127 175 | 162 297 | 296 341 | 314 301 | 545 923 | 425 305 | 3 252 889 | 1 902 585 | 541 571 | 396 863 | 367 264 |
| EBITDA | 38 992 | 65 849 | 134 959 | — | — | — | — | — | — | — | — | — | — |
| Profit before income tax | 34 337 | 56 145 | 120 921 | 154 140 | 282 749 | 294 335 | 526 994 | 409 811 | 3 228 140 | 1 820 785 | 434 306 | 308 020 | 303 937 |
| Profit for the reporting year | 28 912 | 43 029 | 101 478 | 129 947 | 239 244 | 294 335 | 526 994 | 362 228 | 3 169 209 | 1 700 487 | 301 634 | 232 743 | 241 105 |
| Labour costs | 16 416 | 32 148 | 59 770 | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 1521 | 3334 | 7784 | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 6 | 6 | 7 | 8 | 8 | 10 | 14 | 17 | 19 | 21 | 21 | 21 | 23 |
| Calculated dividend | 0 | 36 000 | 44 910 | 0 | 182 339 | 239 244 | 0 | 190 000 | 274 335 | 480 000 | 231 349 | 300 000 | 250 000 |
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: Sabiedrība ar ierobežotu atbildību "AVE STEEL"
Overview
Sabiedrība ar ierobežotu atbildību "AVE STEEL" (reg. no. 40103380859) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Rīga, Rītausmas iela 2.
Financial results
Revenue in 2025 was 14 859 617 €, on a par with the previous year. From 2013 to 2025, revenue grew by an average of 23,0% per year. Net profit for 2025 was 241 105 € (1,6% of revenue). The company was profitable in all 13 published years. In 2025 the company had 23 employees (21 a year earlier). Revenue per employee was 646 070 €. At the end of 2025, total assets were 7 226 514 € and equity 4 945 178 € (68,4% of assets).
Management and owners
The board has 3 members. According to the register, the company has 3 owners. The largest stake (34%) 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.