Marine Underwriting Services SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 1 500 000 € (18% 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 statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 3 055 067 | 5 496 027 | 6 453 218 | 8 976 893 | 10 382 830 | 12 578 815 | 16 411 641 | 17 225 787 | 18 177 985 | 16 803 910 |
| Total non-current assets | 362 522 | 366 425 | 370 857 | 374 893 | 366 980 | 354 861 | 390 678 | 369 682 | 96 151 | 94 274 |
| Total assets | 3 417 589 | 5 862 452 | 6 824 075 | 9 351 786 | 10 749 810 | 12 933 676 | 16 802 319 | 17 595 469 | 18 274 136 | 16 898 184 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 2 579 360 | 4 429 160 | 4 855 833 | 6 380 790 | 6 792 030 | 9 100 612 | 10 527 514 | 9 165 608 | 9 736 431 | 8 815 080 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 2 579 360 | 4 429 160 | 4 855 833 | 6 380 790 | 6 792 030 | 9 100 612 | 10 527 514 | 9 165 608 | 9 736 431 | 8 815 080 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 445 311 | 645 063 | 1 134 950 | 1 820 446 | 1 486 784 | 2 075 284 | 2 441 741 | 2 410 451 | 2 169 912 | 1 045 399 |
| Total equity | 838 229 | 1 433 292 | 1 968 242 | 2 970 996 | 3 957 780 | 3 833 064 | 6 274 805 | 8 429 861 | 8 537 705 | 8 083 104 |
| Income statement | ||||||||||
| Sales revenue | 1 206 524 | 1 722 850 | 2 045 181 | 2 733 553 | 2 940 915 | 3 306 918 | 3 752 261 | 3 667 273 | 3 646 112 | 3 458 578 |
| Operating profit | 522 683 | 743 378 | 874 200 | 1 444 949 | 1 585 454 | 2 109 130 | 2 447 645 | 2 029 915 | 2 464 398 | 1 373 828 |
| Profit before income tax | 522 683 | 743 378 | 1 144 080 | 1 832 732 | 1 585 454 | 2 440 978 | 2 447 645 | 2 416 815 | 2 468 862 | 1 373 828 |
| Profit for the reporting year | 445 311 | 645 063 | 1 134 950 | 1 820 446 | 1 486 784 | 2 075 284 | 2 441 741 | 2 410 451 | 2 169 912 | 1 045 399 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 11 | 12 | 12 | 16 | 16 | 16 | 16 | 16 | 15 | 15 |
| Calculated dividend | — | 50 000 | 600 000 | 817 692 | 500 000 | 2 200 000 | 0 | 255 395 | 2 062 068 | 1 500 000 |
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: Marine Underwriting Services SIA
Overview
Marine Underwriting Services SIA (reg. no. 40103608205) is a limited liability company. The company was registered in 2012 and has been in the register for 13 years. Registered address: Rīga, Baznīcas iela 4A.
Financial results
Revenue in 2025 was 3 458 578 €, down 5,1% on the previous year (3 646 112 €). From 2016 to 2025, revenue grew by an average of 12,4% per year. Net profit for 2025 was 1 045 399 € (30,2% of revenue). The company was profitable in all 10 published years. In 2025 the company had 15 employees. Revenue per employee was 230 572 €. At the end of 2025, total assets were 16 898 184 € and equity 8 083 104 € (47,8% of assets).
Management and owners
The board has 2 members. The sole owner of the company is ALEMAR HOLDING (CYPRUS) LTD.
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.