SIA "Green Energy Systems"Active
Key figures
Ratios
2024Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 118 125 € (8% 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 statements2012–2024
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 46 165 | 96 524 | 346 987 | 963 679 | 594 239 | 474 198 | 1 726 036 | 1 485 320 | 1 843 026 | 1 741 278 | 1 815 429 | 1 525 859 | 1 791 068 |
| Total non-current assets | 144 426 | 195 842 | 267 311 | 343 705 | 889 555 | 1 088 359 | 1 090 729 | 524 537 | 337 535 | 413 306 | 443 140 | 520 911 | 494 106 |
| Total assets | 190 591 | 292 366 | 614 298 | 1 307 384 | 1 483 794 | 1 562 557 | 2 816 765 | 2 009 857 | 2 180 561 | 2 154 584 | 2 258 569 | 2 046 770 | 2 285 174 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 149 099 | 118 500 | 136 420 | 664 413 | 421 708 | 398 960 | 1 412 922 | 367 591 | 353 759 | 320 635 | 337 694 | 242 607 | 503 999 |
| Non-current liabilities | 0 | 0 | 182 777 | 220 534 | 261 641 | 323 005 | 415 036 | 536 672 | 524 188 | 496 328 | 457 873 | 325 799 | 303 104 |
| Total liabilities | 149 099 | 118 500 | 319 197 | 884 947 | 683 349 | 721 965 | 1 827 958 | 904 263 | 877 947 | 816 963 | 795 567 | 568 406 | 807 103 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 39 492 | 132 374 | 67 712 | 175 114 | 416 341 | 81 258 | 153 840 | 116 787 | 215 770 | 61 257 | 151 631 | 31 612 | 117 832 |
| Total equity | 41 492 | 173 866 | 295 101 | 422 437 | 800 445 | 840 592 | 988 807 | 1 105 594 | 1 302 614 | 1 337 621 | 1 463 002 | 1 478 364 | 1 478 071 |
| Income statement | |||||||||||||
| Sales revenue | 0 | 265 801 | 509 126 | 1 269 660 | 2 113 428 | 1 250 901 | 788 479 | 1 428 659 | 2 192 737 | 1 346 174 | 1 624 335 | 1 469 099 | 1 964 211 |
| Operating profit | 44 105 | 151 735 | 91 646 | 208 776 | 498 628 | 111 438 | 158 652 | 120 718 | 224 890 | 94 380 | 154 532 | 52 988 | 130 159 |
| Profit before income tax | 44 355 | 156 100 | 82 696 | 204 569 | 489 969 | 101 062 | 154 301 | 116 787 | 215 770 | 61 257 | 151 631 | 31 612 | 117 832 |
| Profit for the reporting year | 39 492 | 132 374 | 67 712 | 175 114 | 416 341 | 81 258 | 153 840 | 116 787 | 215 770 | 61 257 | 151 631 | 31 612 | 117 832 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 2 | 2 | 3 | 4 | 5 | 5 | 17 | 26 | 21 | 22 | 19 | 20 | 20 |
| Calculated dividend | — | 0 | 0 | 47 778 | 38 333 | 41 111 | 5625 | 0 | 18 750 | 26 250 | 26 250 | 16 250 | 118 125 |
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 "Green Energy Systems"
Overview
SIA "Green Energy Systems" (reg. no. 40103519975) is a limited liability company. The company was registered in 2012 and has been in the register for 14 years. Registered address: Rīga, Biķernieku iela 18.
Financial results
Revenue in 2024 was 1 964 211 €, up 33,7% on the previous year (1 469 099 €). Net profit for 2024 was 117 832 € (6,0% of revenue). The company was profitable in all 13 published years. In 2024 the company had 20 employees. Revenue per employee was 98 211 €. At the end of 2024, total assets were 2 285 174 € and equity 1 478 071 € (64,7% of assets).
Management and owners
The company has one board member. 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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.