SIA "Development RE"Active
Key figures
Ratios
2025Balance sheet structure
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 | 4659 | 221 | 1854 | 5388 | 5604 | 5807 | 4032 | 1526 | 997 | 4181 | 9878 | 41 930 | 1252 | 1241 | 25 085 |
| Total non-current assets | 103 931 | 99 657 | 95 382 | 129 634 | 123 552 | 117 470 | 111 387 | 105 305 | 99 222 | 93 140 | 87 058 | 80 976 | 74 893 | 68 811 | 62 729 |
| Total assets | 108 590 | 99 878 | 97 236 | 135 022 | 129 156 | 123 277 | 115 419 | 106 831 | 100 219 | 97 321 | 96 936 | 122 906 | 76 145 | 70 052 | 87 814 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 108 060 | 112 972 | 114 223 | 165 234 | 165 145 | 165 244 | 166 815 | 20 904 | 20 629 | 37 980 | 7134 | 8309 | 8924 | 50 | 100 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153 670 | 155 670 | 155 670 | 155 670 | 155 670 | 95 670 | 64 692 | 48 692 |
| Total liabilities | 108 060 | 112 972 | 114 223 | 165 234 | 165 145 | 165 244 | 166 815 | 174 574 | 176 299 | 193 650 | 162 804 | 163 979 | 104 594 | 64 742 | 48 792 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 409 | -13 643 | -3853 | -6039 | -5783 | -5977 | -9430 | -16 347 | -8336 | -20 250 | 30 462 | 24 795 | 12 624 | 33 759 | 33 711 |
| Total equity | 509 | -13 134 | -16 987 | -30 212 | -35 989 | -41 967 | -51 396 | -67 743 | -76 080 | -96 329 | -65 868 | -41 073 | -28 449 | 5310 | 39 022 |
| Income statement | |||||||||||||||
| Sales revenue | 4325 | 16 220 | 34 618 | 48 000 | 48 000 | 48 000 | 48 000 | 39 900 | 39 900 | 39 600 | 39 600 | 39 600 | 39 600 | 42 000 | 42 000 |
| Operating profit | 409 | -7676 | -2806 | -4454 | -4293 | -5977 | -9430 | -16 347 | -8336 | -20 250 | 30 462 | 24 795 | 12 624 | 33 759 | 33 761 |
| EBITDA | 1478 | -3401 | 1469 | 1628 | 1789 | — | — | — | — | — | — | — | — | — | — |
| Profit before income tax | 409 | -12 612 | -2806 | -4549 | -4293 | -5977 | -9430 | -16 347 | -8336 | -20 250 | 30 462 | 24 795 | 12 624 | 33 759 | 33 761 |
| Profit for the reporting year | 409 | -13 643 | -3853 | -6039 | -5783 | -5977 | -9430 | -16 347 | -8336 | -20 250 | 30 462 | 24 795 | 12 624 | 33 759 | 33 711 |
| Labour costs | 270 | 681 | 29 960 | 41 986 | 41 812 | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 1069 | 4275 | 4275 | 6082 | 6082 | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 1 | 1 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 1 | 2 | 2 | 0 | 0 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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: SIA "Development RE"
Overview
SIA "Development RE" (reg. no. 40103449396) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Cēsu nov., Cēsis, Lenču iela 21.
Financial results
Revenue in 2025 was 42 000 €, on a par with the previous year. From 2011 to 2025, revenue grew by an average of 17,6% per year. Net profit for 2025 was 33 711 € (80,3% of revenue). The company was profitable in 6 of the 15 published years. According to the report, the company had no employees in 2025. At the end of 2025, total assets were 87 814 € and equity 39 022 € (44,4% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) 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.