SIA "MHD Research Centre"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 | 2000 | 1779 | 85 077 | 55 104 | 387 656 | 770 025 | 6379 | 70 193 | 57 607 | 54 189 | 126 050 | 322 192 | 321 975 | 318 514 | 419 317 |
| Total non-current assets | 0 | 455 726 | 2 174 277 | 7 169 290 | 6 419 611 | 5 751 967 | 4 978 275 | 4 205 218 | 3 514 776 | 2 735 706 | 1 894 859 | 1 737 160 | 1 453 830 | 1 259 890 | 80 261 |
| Total assets | 2000 | 457 505 | 2 259 354 | 7 224 394 | 6 807 267 | 6 521 992 | 4 984 654 | 4 275 411 | 3 572 383 | 2 789 895 | 2 020 909 | 2 059 352 | 1 775 805 | 1 578 404 | 499 578 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 0 | 919 | 2807 | 2 328 403 | 2 894 473 | 2 900 485 | 1 623 969 | 1 156 989 | 1 006 811 | 984 034 | 899 545 | 1 308 533 | 934 126 | 757 546 | 229 955 |
| Non-current liabilities | 0 | 455 539 | 2 258 353 | 4 892 379 | 3 907 575 | 3 607 573 | 3 345 497 | 3 095 042 | 2 532 143 | 1 767 143 | 1 082 143 | 682 143 | 174 644 | 0 | 0 |
| Total liabilities | 0 | 456 458 | 2 261 160 | 7 220 782 | 6 802 048 | 6 508 058 | 4 969 466 | 4 252 031 | 3 538 954 | 2 751 177 | 1 981 688 | 1 990 676 | 1 108 770 | 757 546 | 229 955 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 0 | -953 | -2853 | 5514 | 1607 | 9383 | 1254 | 8186 | 10 049 | 5291 | 503 | 29 455 | 598 359 | 153 822 | -551 234 |
| Total equity | 2000 | 1047 | -1806 | 2944 | 4551 | 13 934 | 15 188 | 23 380 | 33 429 | 38 718 | 39 221 | 68 676 | 667 035 | 820 858 | 269 623 |
| Income statement | |||||||||||||||
| Sales revenue | 0 | 0 | 0 | 9393 | 189 604 | 557 800 | 650 000 | 0 | 8500 | 19 800 | 20 331 | 572 435 | 0 | 700 | 253 869 |
| Operating profit | 0 | -953 | -2853 | 5514 | 1607 | 9383 | 1254 | 8186 | 10 049 | 5291 | 503 | 29 455 | 598 359 | 153 822 | -551 234 |
| EBITDA | 0 | -953 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit before income tax | 0 | -953 | -2853 | 5514 | 1607 | 9383 | 1254 | 8186 | 10 049 | 5291 | 503 | 29 455 | 598 359 | 153 822 | -551 234 |
| Profit for the reporting year | 0 | -953 | -2853 | 5514 | 1607 | 9383 | 1254 | 8186 | 10 049 | 5291 | 503 | 29 455 | 598 359 | 153 822 | -551 234 |
| Labour costs | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 0 | 0 | 2 | 6 | 7 | 14 | 11 | 8 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 "MHD Research Centre"
Overview
SIA "MHD Research Centre" (reg. no. 40103459248) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Salaspils nov., Salaspils pag., Acone, Granīta iela 31 k-19.
Financial results
Revenue in 2025 was 253 869 €, up 36 167% on the previous year (700 €). 2025 ended with a loss of 551 234 €. The company was profitable in 11 of the 15 published years. In 2025 the company had 1 employees. Revenue per employee was 253 869 €. At the end of 2025, total assets were 499 578 € and equity 269 623 € (54,0% of assets).
Management and owners
The board has 2 members. According to the register, the company has 3 owners. The largest stake (51%) 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.