SIA "PALMER GROUP"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 54 999 € (6% 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 statements2013–2025
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 0 | 0 | 618 | 3953 | 44 264 | 92 329 | 148 459 | 209 866 | 466 800 | 587 371 | 413 013 | 379 199 | 370 933 |
| Total non-current assets | 0 | 0 | 116 726 | 108 701 | 112 966 | 181 821 | 187 927 | 379 933 | 504 155 | 490 343 | 665 030 | 711 098 | 796 832 |
| Total assets | 0 | 0 | 117 344 | 112 654 | 157 230 | 274 150 | 336 386 | 589 799 | 970 955 | 1 077 714 | 1 078 043 | 1 090 297 | 1 167 765 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 10 | 14 | 119 368 | 98 301 | 140 802 | 51 161 | 47 697 | 96 529 | 126 990 | 58 099 | 111 821 | 113 966 | 104 805 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 133 600 | 91 408 | 199 875 | 166 465 | 33 756 | 105 608 | 75 169 | 42 947 |
| Total liabilities | 10 | 14 | 119 368 | 98 301 | 140 802 | 184 761 | 139 105 | 296 404 | 293 455 | 91 855 | 217 429 | 189 135 | 147 752 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -11 | 0 | -2010 | 16 377 | 2075 | 72 961 | 121 520 | 96 114 | 384 105 | 308 359 | -75 240 | 50 548 | 173 850 |
| Total equity | -10 | -14 | -2024 | 14 353 | 16 428 | 89 389 | 197 281 | 293 395 | 677 500 | 985 859 | 860 614 | 901 162 | 1 020 013 |
| Income statement | |||||||||||||
| Sales revenue | 0 | 0 | 0 | 59 272 | 180 467 | 506 108 | 659 731 | 716 689 | 1 502 056 | 1 682 478 | 1 052 575 | 1 318 488 | 1 548 932 |
| Operating profit | -11 | 0 | -2010 | 16 427 | 2075 | 74 455 | 123 529 | 98 708 | 390 099 | 315 328 | -55 384 | 61 953 | 193 799 |
| Profit before income tax | -11 | 0 | -2010 | 16 427 | 2075 | 72 961 | 121 520 | 96 114 | 384 105 | 308 383 | -62 740 | 53 061 | 188 425 |
| Profit for the reporting year | -11 | 0 | -2010 | 16 377 | 2075 | 72 961 | 121 520 | 96 114 | 384 105 | 308 359 | -75 240 | 50 548 | 173 850 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 0 | 0 | 0 | 1 | 4 | 7 | 7 | 8 | 10 | 13 | 15 | 17 | 16 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 13 628 | 0 | 0 | 0 | 50 005 | 10 000 | 54 999 |
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 "PALMER GROUP"
Overview
SIA "PALMER GROUP" (reg. no. 40103592578) is a limited liability company. The company was registered in 2012 and has been in the register for 14 years. Registered address: Ādažu nov., Ādaži, Lejupes iela 4.
Financial results
Revenue in 2025 was 1 548 932 €, up 17,5% on the previous year (1 318 488 €). Net profit for 2025 was 173 850 € (11,2% of revenue). The company was profitable in 9 of the 13 published years. In 2025 the company had 16 employees (17 a year earlier). Revenue per employee was 96 808 €. At the end of 2025, total assets were 1 167 765 € and equity 1 020 013 € (87,3% 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.