"VFS Latvia" SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
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 | 474 184 | 3 749 701 | 6 418 172 | 9 801 620 | 14 553 801 | 16 022 272 | 19 707 508 | 18 965 666 | 19 876 065 | 18 792 109 | 22 078 318 | 21 140 520 | 26 460 456 | 30 107 416 | 35 680 937 |
| Total non-current assets | 1 408 198 | 7 263 455 | 12 398 368 | 17 347 472 | 27 421 274 | 30 440 087 | 26 037 543 | 29 445 767 | 39 031 120 | 37 373 263 | 37 373 924 | 43 180 694 | 67 267 874 | 66 853 916 | 70 677 008 |
| Total assets | 1 882 382 | 11 013 156 | 18 816 540 | 27 149 092 | 41 975 075 | 46 462 359 | 45 745 051 | 48 411 433 | 58 907 185 | 56 165 372 | 59 452 242 | 64 321 214 | 93 728 330 | 96 961 332 | 106 357 945 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 1 191 647 | 3 483 285 | 6 240 897 | 10 983 698 | 15 740 232 | 16 642 595 | 21 176 959 | 16 733 124 | 19 155 475 | 17 997 914 | 19 988 502 | 19 670 565 | 25 260 869 | 26 579 747 | 30 979 677 |
| Non-current liabilities | 0 | 6 827 274 | 11 684 818 | 14 509 738 | 24 363 681 | 27 556 869 | 21 805 360 | 27 687 000 | 34 571 620 | 33 187 400 | 32 525 200 | 36 469 100 | 51 842 000 | 51 539 400 | 54 395 895 |
| Total liabilities | 1 191 647 | 10 310 559 | 17 925 715 | 25 493 436 | 40 103 913 | 44 199 464 | 42 982 319 | 44 420 124 | 53 727 095 | 51 185 314 | 52 513 702 | 56 139 665 | 77 102 869 | 78 119 147 | 85 375 572 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -44 265 | 11 862 | 188 228 | 388 124 | 215 504 | 391 733 | 499 796 | 1 306 780 | 1 188 782 | -200 034 | 1 958 483 | 1 243 009 | 943 912 | 2 216 724 | 2 140 188 |
| Total equity | 690 735 | 702 597 | 890 825 | 1 655 656 | 1 871 162 | 2 262 895 | 2 762 732 | 3 991 309 | 5 180 090 | 4 980 058 | 6 938 540 | 8 181 549 | 16 625 461 | 18 842 185 | 20 982 373 |
| Income statement | |||||||||||||||
| Sales revenue | 26 869 | 252 774 | 585 583 | 1 073 171 | 1 256 061 | 1 474 132 | 1 577 097 | 1 574 957 | 1 908 199 | 1 972 686 | 2 094 024 | 2 647 997 | 5 204 886 | 6 860 548 | 5 847 550 |
| Operating profit | -51 679 | 24 827 | 263 606 | 517 035 | 172 230 | 480 412 | 649 211 | 1 081 205 | 1 079 898 | -279 754 | 1 978 345 | 1 193 133 | 1 220 467 | 2 245 807 | 2 052 446 |
| Profit before income tax | -51 692 | 33 283 | 263 158 | 515 283 | 290 982 | 496 645 | 657 025 | 1 307 933 | 1 190 470 | -199 374 | 2 040 120 | 1 249 484 | 1 256 515 | 2 321 244 | 2 162 898 |
| Profit for the reporting year | -44 265 | 11 862 | 188 228 | 388 124 | 215 504 | 391 733 | 499 796 | 1 306 780 | 1 188 782 | -200 034 | 1 958 483 | 1 243 009 | 943 912 | 2 216 724 | 2 140 188 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 7 | 9 | 10 | 10 | 10 | 8 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78 203 | 0 | 0 | 0 | 0 | 0 | 0 | 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: "VFS Latvia" SIA
Overview
"VFS Latvia" SIA (reg. no. 40103414074) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Ropažu nov., Stopiņu pag., Rumbula, Granīta iela 28A.
Financial results
Revenue in 2025 was 5 847 550 €, down 14,8% on the previous year (6 860 548 €). From 2011 to 2025, revenue grew by an average of 46,9% per year. Net profit for 2025 was 2 140 188 € (36,6% of revenue). The company was profitable in 13 of the 15 published years. In 2025 the company had 8 employees (10 a year earlier). Revenue per employee was 730 944 €. At the end of 2025, total assets were 106 357 945 € and equity 20 982 373 € (19,7% of assets).
Management and owners
The board has 3 members. The sole owner of the company is Aktiebolaget Volvo.
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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.