SIA "GELSVA"Active
Key figures
Ratios
2025Balance sheet structure
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 | 149 473 | 223 957 | 789 455 | 1 270 205 | 1 254 041 | 1 725 187 | 1 261 513 | 1 474 856 | 1 676 753 | 2 200 707 | 2 353 166 | 3 105 632 | 2 748 596 | 2 566 379 |
| Total non-current assets | 10 667 | 25 637 | 51 685 | 91 401 | 125 367 | 219 138 | 170 469 | 162 739 | 170 350 | 315 755 | 504 174 | 669 335 | 752 103 | 437 443 |
| Total assets | 160 140 | 249 594 | 841 140 | 1 361 606 | 1 379 408 | 1 944 325 | 1 431 982 | 1 637 595 | 1 847 103 | 2 516 462 | 2 857 340 | 3 774 967 | 3 500 699 | 3 003 822 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 155 411 | 391 535 | 1 228 452 | 488 947 | 592 976 | 1 334 815 | 908 350 | 816 599 | 864 266 | 1 160 744 | 1 520 167 | 2 014 065 | 1 454 774 | 1 231 730 |
| Non-current liabilities | 30 665 | 31 565 | 46 194 | 1 799 084 | 2 662 154 | 3 332 909 | 4 196 573 | 5 064 861 | 5 523 756 | 6 370 735 | 6 927 948 | 7 869 813 | 8 976 136 | 9 029 651 |
| Total liabilities | 186 076 | 423 100 | 1 274 646 | 2 288 031 | 3 255 130 | 4 667 724 | 5 104 923 | 5 881 460 | 6 388 022 | 7 531 479 | 8 448 115 | 9 883 878 | 10 430 910 | 10 261 381 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -28 676 | -152 344 | -204 130 | -489 735 | -927 136 | -847 677 | -949 542 | -570 924 | -297 054 | -474 098 | -575 757 | -518 135 | -821 300 | -327 348 |
| Total equity | -26 676 | -179 020 | -458 852 | -948 586 | -1 875 722 | -2 723 399 | -3 672 941 | -4 243 865 | -4 540 919 | -5 015 017 | -5 590 775 | -6 108 911 | -6 930 211 | -7 257 559 |
| Income statement | ||||||||||||||
| Sales revenue | 333 967 | 596 587 | 1 775 280 | 2 734 496 | 4 293 597 | 5 159 588 | 5 462 014 | 6 486 525 | 8 026 479 | 8 353 898 | 10 717 879 | 14 066 116 | 14 023 597 | 13 952 573 |
| Operating profit | -28 011 | -151 444 | -202 849 | -488 454 | -925 855 | -846 396 | -918 145 | -557 361 | -288 525 | -458 159 | -559 611 | -500 108 | -806 241 | -306 373 |
| Profit before income tax | -28 676 | -152 344 | -204 130 | -489 735 | -927 136 | -847 677 | -919 426 | -558 642 | -289 806 | -458 833 | -560 053 | -500 857 | -806 790 | -306 590 |
| Profit for the reporting year | -28 676 | -152 344 | -204 130 | -489 735 | -927 136 | -847 677 | -949 542 | -570 924 | -297 054 | -474 098 | -575 757 | -518 135 | -821 300 | -327 348 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||
| Employees | 8 | 13 | 25 | 38 | 48 | 53 | 53 | 48 | 51 | 61 | 67 | 75 | 68 | 61 |
| Calculated dividend | — | 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 "GELSVA"
Overview
SIA "GELSVA" (reg. no. 40103526407) 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 21.
Financial results
Revenue in 2025 was 13 952 573 €, down 0,5% on the previous year (14 023 597 €). From 2012 to 2025, revenue grew by an average of 33,3% per year. 2025 ended with a loss of 327 348 €. The company made a loss in all 14 published years. In 2025 the company had 61 employees (68 a year earlier). Revenue per employee was 228 731 €.
Management and owners
The board has 2 members. The sole owner of the company is UAB "Gelsva".
Points to note
Equity was negative at the end of 2025 (-7 257 559 €).
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.