SIA "Kvikworks"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 22 980 € (10% 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 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 16 554 | 48 666 | 50 485 | 84 576 | 146 135 | 107 124 | 163 956 | 242 904 | 225 273 | 413 749 | 149 182 | 208 689 | 223 120 | 376 263 |
| Total non-current assets | 3550 | 14 964 | 8570 | 29 163 | 51 011 | 40 420 | 63 592 | 116 338 | 86 633 | 239 364 | 343 353 | 339 186 | 357 541 | 359 129 |
| Total assets | 20 104 | 63 630 | 59 055 | 113 739 | 197 146 | 147 544 | 227 548 | 359 242 | 311 906 | 653 113 | 492 535 | 547 875 | 580 661 | 735 392 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 20 034 | 35 781 | 25 686 | 89 914 | 100 629 | 149 128 | 121 971 | 204 534 | 177 213 | 402 654 | 195 186 | 217 105 | 215 525 | 298 262 |
| Non-current liabilities | 0 | 2009 | 0 | 7357 | 42 200 | 30 333 | 38 587 | 30 547 | 24 498 | 149 352 | 157 962 | 129 623 | 128 019 | 25 114 |
| Total liabilities | 20 034 | 37 790 | 25 686 | 97 271 | 142 829 | 179 461 | 160 558 | 235 081 | 201 711 | 552 006 | 353 148 | 346 728 | 343 544 | 323 376 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 69 | 24 119 | 30 081 | 7832 | 39 820 | -35 017 | 98 907 | 67 171 | 38 834 | 38 911 | 52 147 | 61 759 | 63 138 | 197 879 |
| Total equity | 70 | 24 189 | 32 260 | 10 932 | 50 752 | -31 917 | 66 990 | 124 161 | 110 195 | 101 107 | 139 387 | 201 147 | 237 117 | 412 016 |
| Income statement | ||||||||||||||
| Sales revenue | 100 661 | 232 614 | 329 728 | 796 397 | 787 676 | 796 284 | 971 225 | 1 175 061 | 1 099 073 | 1 308 998 | 1 246 791 | 1 405 358 | 1 487 599 | 1 834 539 |
| Operating profit | 156 | 28 794 | 35 614 | 23 192 | 47 287 | -34 330 | 107 639 | 69 174 | 51 893 | 52 152 | 61 845 | 74 248 | 82 201 | 212 371 |
| Profit before income tax | 156 | 28 794 | 35 476 | 22 858 | 46 489 | -34 668 | 108 352 | 67 491 | 50 762 | 50 936 | 55 614 | 61 926 | 70 581 | 203 836 |
| Profit for the reporting year | 69 | 24 119 | 30 081 | 7832 | 39 820 | -35 017 | 98 907 | 67 171 | 38 834 | 38 911 | 52 147 | 61 759 | 63 138 | 197 879 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||
| Employees | 7 | 7 | 9 | 10 | 11 | 12 | 12 | 12 | 14 | 14 | 14 | 14 | 17 | 18 |
| Calculated dividend | — | 0 | 22 010 | — | 0 | 47 652 | 0 | 10 000 | 52 800 | 47 999 | 13 867 | 0 | 27 168 | 22 980 |
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 "Kvikworks"
Overview
SIA "Kvikworks" (reg. no. 40103407458) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Rīga, Sāremas iela 3B.
Financial results
Revenue in 2025 was 1 834 539 €, up 23,3% on the previous year (1 487 599 €). From 2011 to 2025, revenue grew by an average of 25,0% per year. This is the company's highest revenue among the published years (2011–2025). Net profit for 2025 was 197 879 € (10,8% of revenue). The company was profitable in 13 of the 14 published years. In 2025 the company had 18 employees (17 a year earlier). Revenue per employee was 101 919 €. At the end of 2025, total assets were 735 392 € and equity 412 016 € (56,0% of assets).
Management and owners
The company has one board member. According to the register, the company has 3 owners. The largest stake (54%) 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.