SIA "KVIST"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2012–2025
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 932 403 | 1 832 285 | 2 976 829 | 3 356 089 | 5 923 411 | 7 421 194 | 9 347 079 | 8 431 565 | 7 049 282 | 10 516 665 | 13 490 802 | 12 018 070 | 13 069 253 | 13 609 754 |
| Total non-current assets | 1 138 766 | 1 057 951 | 1 647 939 | 2 274 020 | 3 973 019 | 4 665 238 | 6 383 798 | 7 940 315 | 7 524 210 | 8 230 499 | 8 125 220 | 7 620 382 | 5 095 044 | 5 025 556 |
| Total assets | 2 071 169 | 2 890 236 | 4 624 768 | 5 630 109 | 9 896 430 | 12 086 432 | 15 730 877 | 16 371 880 | 14 573 492 | 18 747 164 | 21 616 022 | 19 638 452 | 18 164 297 | 18 635 310 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 1 957 655 | 2 674 040 | 3 823 063 | 4 509 009 | 9 443 390 | 6 970 954 | 10 006 273 | 9 289 827 | 6 068 856 | 9 162 045 | 10 683 774 | 11 018 490 | 8 088 316 | 7 764 242 |
| Non-current liabilities | 215 527 | 137 563 | 155 761 | 67 645 | 0 | 0 | 0 | 378 430 | 365 067 | 316 453 | 267 838 | 219 224 | 176 211 | 125 446 |
| Total liabilities | 2 173 182 | 2 811 603 | 3 978 824 | 4 576 654 | 9 443 390 | 6 970 954 | 10 006 273 | 9 668 257 | 6 433 923 | 9 478 498 | 10 951 612 | 11 237 714 | 8 264 527 | 7 889 688 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -104 013 | -117 372 | 534 059 | 407 511 | -600 415 | -337 562 | 609 125 | 979 019 | 936 503 | 1 129 097 | 1 395 744 | -1 244 765 | 1 499 032 | 845 852 |
| Total equity | -102 013 | 78 633 | 645 944 | 1 053 455 | 453 040 | 5 115 478 | 5 724 604 | 6 703 623 | 8 139 569 | 9 268 666 | 10 664 410 | 8 400 738 | 9 899 770 | 10 745 622 |
| Income statement | ||||||||||||||
| Sales revenue | 2 309 573 | 4 386 798 | 9 681 945 | 14 284 879 | 22 158 889 | 29 100 445 | 37 603 335 | 36 587 406 | 34 213 877 | 42 168 790 | 52 521 937 | 39 461 847 | 38 136 007 | 36 145 144 |
| Operating profit | -98 491 | -63 158 | 787 042 | 652 912 | -470 153 | -53 411 | 811 480 | 1 267 096 | 1 153 970 | 1 305 088 | 1 604 462 | -777 785 | 1 747 628 | 771 425 |
| EBITDA | — | — | — | — | — | — | — | — | 1 832 085 | 1 963 447 | 2 287 282 | -127 611 | 2 338 804 | 1 105 385 |
| Profit before income tax | -111 334 | -117 244 | 661 214 | 536 502 | -678 288 | -327 334 | 648 297 | 1 015 202 | 965 774 | 1 171 193 | 1 411 904 | -1 236 535 | 1 504 104 | 852 052 |
| Profit for the reporting year | -104 013 | -117 372 | 534 059 | 407 511 | -600 415 | -337 562 | 609 125 | 979 019 | 936 503 | 1 129 097 | 1 395 744 | -1 244 765 | 1 499 032 | 845 852 |
| Labour costs | — | — | — | — | — | — | — | — | 11 495 210 | 13 636 901 | 16 020 167 | 12 122 564 | 11 571 038 | 10 725 145 |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | 678 115 | 658 359 | 682 820 | 650 174 | 591 176 | 333 960 |
| Other indicators | ||||||||||||||
| Employees | 152 | 205 | 270 | 309 | 543 | 652 | 664 | 624 | 606 | 707 | 781 | 580 | 521 | 460 |
| Calculated dividend | 0 | 0 | 0 | 0 | 15 135 | 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.
Connections graph
Summary: SIA "KVIST"
Overview
SIA "KVIST" (reg. no. 40103477031) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Siguldas nov., Mālpils pag., Upmalas, Tīnes iela 1.
Financial results
Revenue in 2025 was 36 145 144 €, down 5,2% on the previous year (38 136 007 €). From 2012 to 2025, revenue grew by an average of 23,6% per year. Net profit for 2025 was 845 852 € (2,3% of revenue). The company was profitable in 9 of the 14 published years. In 2025 the company had 460 employees (521 a year earlier). Revenue per employee was 78 576 €. At the end of 2025, total assets were 18 635 310 € and equity 10 745 622 € (57,7% of assets).
Management and owners
The board has 2 members. The sole owner of the company is KVIST INDUSTRIES A/S.
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.