SIA vpv-balticActive

40103395784Limited liability companyFounded 2011

Key figures

689 556 €-51,3%
Revenue 2025
+41,3%
Average annual growth 2011–2025
0500 k1 m1,5 m2 m’11’12’13’14’15’16’17’18’19’20’21’22’23’24’25

Ratios

2025
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
0500 k1 m1,5 m’11’12’13’14’15’16’17’18’19’20’21’22’23’24’25

Dividends

calculated
2025

Paid out in dividends approximately 5371 € (1% 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).

History
2025 ~5371 €
2024 ~6200 €
2023 ~2500 €
20220 €
20210 €
20200 €
2019 ~5000 €
20180 €
20170 €
20160 €
20150 €
20140 €
20130 €
20120 €
Summary of financial statements2011–2025
201120122013201420152016201720182019202020212022202320242025
Balance sheet — assets
Total current assets33512659204 292341 250184 823514 344567 207541 179684 790615 782603 092818 0081 251 4701 005 453895 495
Total non-current assets12231633 35757 99533 85423 389303 651322 946289 2539769234951961 52938 32315 231
Total assets34732975237 649399 245218 677537 733870 858864 125974 043625 551605 441818 5271 312 9991 043 776910 726
Balance sheet — liabilities and equity
Current liabilities37325228 67834 17935 98247 474599 952543 100536 097199 397107 703192 663463 69295 048173 991
Non-current liabilities000344 339150 036397 498162 914143 914136 26500032 16413 4310
Total liabilities37325228 678378 518186 018444 972762 866687 014672 362199 397107 703192 663495 856108 479173 991
Share capital———————————————
Retained earnings of previous periods———————————————
Profit for the year1100-1506019796211 932782115 23069 119129 570124 47371 584128 126193 779124 354-193 191
Total equity31002950897120 72732 65992 761107 992177 111301 681426 154497 738625 864817 143935 297736 735
Income statement
Sales revenue54705470347 4261 688 1711 172 636785 1281 238 1571 358 3901 486 0401 215 7671 458 5281 405 5221 294 9591 414 662689 556
Operating profit1279-1456019926636 44924 79219 70669 119129 570124 49072 994128 126196 336126 455-193 160
Profit before income tax1279-1506019926618 70811 38719 70669 119129 570124 47371 584128 126193 779124 354-193 191
Profit for the reporting year1100-1506019796211 932782115 23069 119129 570124 47371 584128 126193 779124 354-193 191
Labour costs———————————————
Depreciation of non-current assets———————————————
Other indicators
Employees00914811162222182216161815
Calculated dividend—00000005000000250062005371

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.

Connections graph

Click a node to see its other connections.

100%SIA vpv-baltic1Kartels Kirills
CompanyPersonShareholderOther roleAdditional link

Related companies

Summary: SIA vpv-baltic

Overview

SIA vpv-baltic (reg. no. 40103395784) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Rīga, Mārkalnes iela 11 k-1.

Financial results

Revenue in 2025 was 689 556 €, down 51,3% on the previous year (1 414 662 €). From 2011 to 2025, revenue grew by an average of 41,3% per year. 2025 ended with a loss of 193 191 €. The company was profitable in 13 of the 15 published years. In 2025 the company had 15 employees (18 a year earlier). Revenue per employee was 45 970 €. At the end of 2025, total assets were 910 726 € and equity 736 735 € (80,9% of assets).

Management and owners

The company has one board member. The sole owner of the company is 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.