SIA "R.F. Karges & Associates"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 20 000 € (13% 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 statements2012–2025
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 102 376 | 135 659 | 204 082 | 207 391 | 89 231 | 87 314 | 76 207 | 150 992 | 118 417 | 31 740 | 19 872 | 44 922 | 240 243 | 118 190 |
| Total non-current assets | 1025 | 906 | 630 | 115 | 1003 | 461 | 156 | 213 147 | 227 529 | 353 884 | 355 031 | 367 953 | 216 238 | 306 698 |
| Total assets | 103 401 | 136 565 | 204 712 | 207 506 | 90 234 | 87 775 | 76 363 | 364 139 | 345 946 | 385 624 | 374 903 | 412 875 | 456 481 | 424 888 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 93 841 | 123 281 | 181 037 | 193 201 | 55 339 | 75 203 | 47 288 | 301 681 | 301 987 | 301 831 | 301 764 | 303 696 | 303 656 | 304 142 |
| Non-current liabilities | 103 | 109 | 64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 93 944 | 123 390 | 181 101 | 193 201 | 55 339 | 75 203 | 47 288 | 301 681 | 301 987 | 301 831 | 301 764 | 303 696 | 303 656 | 304 142 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 7457 | 3718 | 4865 | 5694 | 32 067 | 4677 | 16 503 | 33 383 | -18 499 | 39 834 | -10 654 | 36 041 | 43 646 | -12 079 |
| Total equity | 9457 | 13 175 | 23 611 | 14 305 | 34 895 | 12 572 | 29 075 | 62 458 | 43 959 | 83 793 | 73 139 | 109 179 | 152 825 | 120 746 |
| Income statement | ||||||||||||||
| Sales revenue | 13 395 | 10 261 | 21 154 | 22 708 | 49 745 | 15 276 | 16 364 | 15 079 | 12 893 | 13 530 | 13 000 | 12 000 | 12 000 | 11 000 |
| Operating profit | 8827 | 4353 | 5751 | 6847 | 37 722 | 5606 | 1990 | -307 | -42 164 | -5112 | -46 278 | 27 569 | 42 067 | -11 433 |
| EBITDA | 8928 | 4736 | 6410 | 7362 | 38 105 | 6148 | 2295 | -151 | -41 735 | -4536 | -45 684 | 27 734 | 42 467 | -11 050 |
| Profit before income tax | 8826 | 4335 | 5751 | 6847 | 37 722 | 5606 | 16 540 | 33 383 | -18 499 | 39 834 | -10 654 | 36 041 | 43 646 | -7079 |
| Profit for the reporting year | 7457 | 3718 | 4865 | 5694 | 32 067 | 4677 | 16 503 | 33 383 | -18 499 | 39 834 | -10 654 | 36 041 | 43 646 | -12 079 |
| Labour costs | 0 | 0 | 5922 | 5383 | 6393 | 2271 | 6915 | 7382 | 7408 | 8447 | 9607 | 11 189 | 10 527 | 12 312 |
| Depreciation of non-current assets | 101 | 383 | 659 | 515 | 383 | 542 | 305 | 156 | 429 | 576 | 594 | 165 | 400 | 383 |
| Other indicators | ||||||||||||||
| Employees | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Calculated dividend | 0 | 0 | 0 | 15 000 | 11 458 | 0 | 27 000 | 0 | 0 | 0 | 0 | 0 | 0 | 20 000 |
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 "R.F. Karges & Associates"
Overview
SIA "R.F. Karges & Associates" (reg. no. 40103505848) is a limited liability company. The company was registered in 2012 and has been in the register for 14 years. Registered address: Rīga, Kronvalda bulvāris 3 - 1.
Financial results
Revenue in 2025 was 11 000 €, down 8,3% on the previous year (12 000 €). From 2012 to 2025, revenue declined by an average of 1,5% per year. 2025 ended with a loss of 12 079 €. The company was profitable in 11 of the 14 published years. In 2025 the company had 2 employees. Revenue per employee was 5500 €. At the end of 2025, total assets were 424 888 € and equity 120 746 € (28,4% 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 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.