SIA "MV HOTELS"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2012–2025
| 2012 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 233 083 | 849 208 | 701 778 | 500 691 | 882 454 | 1 566 445 | 891 452 | 1 125 511 | 2 823 660 | 7 463 721 | 4 596 851 | 5 528 609 |
| Total non-current assets | 5 347 803 | 18 456 683 | 20 332 944 | 28 814 929 | 35 884 076 | 62 064 300 | 62 403 773 | 60 158 510 | 59 265 655 | 76 074 133 | 55 189 529 | 58 983 660 |
| Total assets | 5 580 886 | 19 305 891 | 21 034 722 | 29 315 620 | 36 766 530 | 63 630 745 | 63 295 225 | 61 284 021 | 62 089 315 | 83 537 854 | 59 786 380 | 64 512 269 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 181 774 | 1 161 749 | 1 557 087 | 5 399 272 | 15 891 052 | 7 381 900 | 1 711 981 | 1 749 107 | 3 670 566 | 7 507 846 | 3 287 676 | 2 499 119 |
| Non-current liabilities | 4 277 568 | 15 875 045 | 16 773 547 | 20 338 447 | 17 780 248 | 27 737 248 | 34 375 362 | 34 913 492 | 32 983 513 | 40 514 713 | 29 875 495 | 32 193 691 |
| Total liabilities | 4 459 342 | 17 036 794 | 18 330 634 | 25 737 719 | 33 671 300 | 35 119 148 | 36 087 343 | 36 662 599 | 36 654 079 | 48 022 559 | 33 163 171 | 34 692 810 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -49 005 | 425 342 | 440 896 | 566 375 | -482 671 | 1 828 436 | -1 303 715 | -1 390 791 | 813 814 | 1 413 451 | 1 258 348 | 2 242 331 |
| Total equity | 1 121 544 | 2 263 193 | 2 704 088 | 3 577 901 | 3 095 230 | 28 511 597 | 27 207 882 | 24 621 422 | 25 435 236 | 35 515 295 | 26 623 209 | 29 819 459 |
| Income statement | ||||||||||||
| Sales revenue | 21 600 | 2 015 303 | 2 144 389 | 2 162 774 | 2 244 074 | 5 125 221 | 1 268 617 | 1 386 844 | 4 411 738 | 13 363 882 | 5 231 081 | 6 615 030 |
| Operating profit | 2493 | 1 027 191 | 736 709 | 943 854 | -222 479 | 2 739 347 | -869 910 | -694 870 | 1 580 348 | 3 405 657 | 2 265 768 | 2 913 797 |
| Profit before income tax | -37 427 | 728 415 | 525 087 | 663 398 | -468 961 | 1 856 159 | -1 299 015 | -1 390 456 | 813 814 | 1 534 357 | 1 259 832 | 2 242 585 |
| Profit for the reporting year | -49 005 | 425 342 | 440 896 | 566 375 | -482 671 | 1 828 436 | -1 303 715 | -1 390 791 | 813 814 | 1 413 451 | 1 258 348 | 2 242 331 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 1 | 6 | 7 | 5 | 6 | 8 | 8 | 7 | 7 | 82 | 6 | 7 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 150 434 | 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 "MV HOTELS"
Overview
SIA "MV HOTELS" (reg. no. 40103474139) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Rīga, Brīvības gatve 445 - 7.
Financial results
Revenue in 2025 was 6 615 030 €, up 26,5% on the previous year (5 231 081 €). From 2012 to 2025, revenue grew by an average of 68,3% per year. Net profit for 2025 was 2 242 331 € (33,9% of revenue). The company was profitable in 8 of the 12 published years. In 2025 the company had 7 employees (6 a year earlier). Revenue per employee was 945 004 €. At the end of 2025, total assets were 64 512 269 € and equity 29 819 459 € (46,2% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (51%) is held by a private individual. The company holds stakes in 6 active Latvian companies.
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.