SIA "FortyFour"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 20 000 € (24% 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 | 28 595 | 34 555 | 31 835 | 50 338 | 94 048 | 99 064 | 219 289 | 200 176 | 155 744 | 156 420 | 173 394 | 272 943 | 218 546 | 343 727 |
| Total non-current assets | 6136 | 9136 | 2580 | 1704 | 5087 | 17 762 | 6563 | 4970 | 3203 | 2229 | 17 202 | 13 756 | 52 717 | 56 880 |
| Total assets | 34 731 | 43 691 | 34 415 | 52 042 | 99 135 | 116 826 | 225 852 | 205 146 | 158 947 | 158 649 | 190 596 | 286 699 | 271 263 | 400 607 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 16 192 | 26 812 | 61 148 | 40 149 | 87 097 | 100 206 | 222 507 | 201 503 | 155 202 | 93 820 | 120 296 | 225 695 | 186 333 | 300 693 |
| Non-current liabilities | 0 | 0 | 0 | 18 000 | 18 025 | 15 184 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 16 192 | 26 812 | 61 148 | 58 149 | 105 122 | 115 390 | 222 507 | 201 503 | 155 202 | 93 820 | 120 296 | 225 695 | 186 333 | 300 693 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 16 239 | 6810 | -31 411 | 20 626 | 1744 | 267 | 1910 | 298 | 102 | 61 083 | 15 472 | 704 | 23 925 | 34 984 |
| Total equity | 18 239 | 13 937 | -28 357 | -7731 | -5987 | 1436 | 3345 | 3643 | 3745 | 64 829 | 70 300 | 61 004 | 84 930 | 99 914 |
| Income statement | ||||||||||||||
| Sales revenue | 107 109 | 508 151 | 331 009 | 284 586 | 195 523 | 275 949 | 382 185 | 411 307 | 200 406 | 237 766 | 298 864 | 377 379 | 428 343 | 598 960 |
| Operating profit | 19 141 | 8692 | -28 080 | 26 187 | 3518 | 3384 | 6417 | 433 | 834 | 61 150 | 18 170 | 3385 | 22 714 | 39 694 |
| Profit before income tax | 18 940 | 8674 | -31 411 | 22 156 | 2290 | 2951 | 2113 | 470 | 341 | 61 150 | 18 170 | 3385 | 23 932 | 40 013 |
| Profit for the reporting year | 16 239 | 6810 | -31 411 | 20 626 | 1744 | 267 | 1910 | 298 | 102 | 61 083 | 15 472 | 704 | 23 925 | 34 984 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||
| Employees | 4 | 6 | 18 | 3 | 8 | 12 | 13 | 12 | 11 | 8 | 7 | 6 | 7 | 8 |
| Calculated dividend | — | 11 112 | 10 883 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 001 | 10 000 | 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 "FortyFour"
Overview
SIA "FortyFour" (reg. no. 40103552433) is a limited liability company. The company was registered in 2012 and has been in the register for 14 years. Registered address: Siguldas nov., Sigulda, Vēju iela 9.
Financial results
Revenue in 2025 was 598 960 €, up 39,8% on the previous year (428 343 €). From 2012 to 2025, revenue grew by an average of 14,2% per year. This is the company's highest revenue among the published years (2012–2025). Net profit for 2025 was 34 984 € (5,8% of revenue). The company was profitable in 13 of the 14 published years. In 2025 the company had 8 employees (7 a year earlier). Revenue per employee was 74 870 €. At the end of 2025, total assets were 400 607 € and equity 99 914 € (24,9% of assets).
Management and owners
The board has 2 members. 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 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.