SIA "FLYNET"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 146 000 € (78% 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 | 2490 | 10 855 | 11 329 | 63 083 | 55 487 | 27 198 | 19 381 | 26 898 | 18 419 | 10 241 | 18 821 | 230 052 | 383 303 | 368 949 | 529 732 |
| Total non-current assets | 906 | 650 | 946 | 2048 | 1100 | 1431 | 609 | 207 | 0 | 705 | 370 | 5777 | 11 370 | 17 637 | 91 187 |
| Total assets | 3396 | 11 505 | 12 275 | 65 131 | 56 587 | 28 629 | 19 990 | 27 105 | 18 419 | 10 946 | 19 191 | 235 829 | 394 673 | 386 586 | 620 919 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 3149 | 11 461 | 4764 | 39 820 | 32 049 | 21 069 | 13 484 | 19 848 | 9055 | 4297 | 5300 | 13 209 | 86 005 | 199 931 | 453 281 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 3149 | 11 461 | 4764 | 39 820 | 32 049 | 21 069 | 13 484 | 19 848 | 9055 | 4297 | 5300 | 13 209 | 86 005 | 199 931 | 453 281 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -26 753 | -3110 | 7047 | 14 165 | -1880 | -10 679 | -1054 | 751 | 2107 | -2715 | 7242 | 216 229 | 185 987 | 68 487 | 126 983 |
| Total equity | 247 | -2863 | 4184 | 20 119 | 18 239 | 7560 | 6506 | 7257 | 9364 | 6649 | 13 891 | 222 620 | 308 668 | 186 655 | 167 638 |
| Income statement | |||||||||||||||
| Sales revenue | 2678 | 36 763 | 60 123 | 89 693 | 95 865 | 85 358 | 96 585 | 76 371 | 62 862 | 15 277 | 35 400 | 5 923 024 | 7 377 700 | 9 627 500 | 9 561 703 |
| Operating profit | -26 753 | 993 | 8337 | 7235 | 1249 | -10 679 | -893 | 894 | 2114 | -2715 | 7309 | 218 174 | 210 972 | 116 112 | 238 771 |
| Profit before income tax | -26 753 | -3110 | 7047 | 14 165 | -1880 | -10 679 | -893 | 894 | 2112 | -2715 | 7242 | 218 174 | 210 972 | 116 112 | 238 771 |
| Profit for the reporting year | -26 753 | -3110 | 7047 | 14 165 | -1880 | -10 679 | -1054 | 751 | 2107 | -2715 | 7242 | 216 229 | 185 987 | 68 487 | 126 983 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 3 | 3 | 4 | 5 | 4 | 5 | 6 | 6 | 4 | 5 | 4 | 4 | 5 | 7 | 7 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7500 | 99 939 | 190 500 | 146 000 |
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 "FLYNET"
Overview
SIA "FLYNET" (reg. no. 40103430596) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Rīga, Ģertrūdes iela 32 - 4.
Financial results
Revenue in 2025 was 9 561 703 €, down 0,7% on the previous year (9 627 500 €). From 2011 to 2025, revenue grew by an average of 79,4% per year. Net profit for 2025 was 126 983 € (1,3% of revenue). The company was profitable in 9 of the 15 published years. In 2025 the company had 7 employees. Revenue per employee was 1 365 958 €. At the end of 2025, total assets were 620 919 € and equity 167 638 € (27,0% 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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.