SIA "Formiko Hydraulics"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2013–2025
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 160 483 | 278 869 | 292 149 | 340 125 | 511 012 | 640 957 | 618 680 | 692 677 | 1 174 476 | 1 348 607 | 1 732 879 | 2 072 058 | 2 065 470 |
| Total non-current assets | 269 455 | 311 857 | 281 449 | 243 428 | 377 119 | 503 527 | 387 200 | 265 419 | 747 228 | 872 272 | 669 997 | 585 505 | 427 647 |
| Total assets | 429 938 | 590 726 | 573 598 | 583 553 | 888 131 | 1 144 484 | 1 005 880 | 958 096 | 1 921 704 | 2 220 879 | 2 402 876 | 2 657 563 | 2 493 117 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 116 432 | 242 877 | 223 353 | 286 172 | 379 595 | 560 953 | 508 464 | 353 573 | 651 947 | 768 798 | 1 441 270 | 2 047 014 | 1 246 229 |
| Non-current liabilities | 193 569 | 197 344 | 316 016 | 307 476 | 49 036 | 18 292 | 0 | 0 | 200 897 | 360 712 | 143 284 | 142 417 | 936 167 |
| Total liabilities | 310 001 | 440 221 | 539 369 | 593 648 | 428 631 | 579 245 | 508 464 | 353 573 | 852 844 | 1 129 510 | 1 584 554 | 2 189 431 | 2 182 396 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -215 203 | -210 993 | -127 197 | -17 546 | 221 442 | 105 739 | -67 823 | 107 107 | 464 337 | 22 509 | -273 047 | -350 190 | -157 411 |
| Total equity | 119 937 | 134 649 | 7451 | -10 095 | 459 500 | 565 239 | 497 416 | 604 523 | 1 068 860 | 1 091 369 | 818 322 | 468 132 | 310 721 |
| Income statement | |||||||||||||
| Sales revenue | 300 145 | 670 917 | 1 110 653 | 1 544 718 | 2 548 756 | 3 335 830 | 3 239 082 | 3 160 987 | 4 552 823 | 5 762 138 | 5 384 570 | 4 217 956 | 4 206 944 |
| Operating profit | -209 933 | -200 493 | -118 809 | -9689 | 233 081 | 108 482 | -64 875 | 109 533 | 470 774 | 34 499 | -240 595 | -315 908 | -116 371 |
| Profit before income tax | -215 203 | -210 993 | -127 197 | -17 546 | 229 918 | 105 739 | -67 823 | 107 551 | 467 856 | 23 120 | -269 843 | -349 658 | -156 764 |
| Profit for the reporting year | -215 203 | -210 993 | -127 197 | -17 546 | 221 442 | 105 739 | -67 823 | 107 107 | 464 337 | 22 509 | -273 047 | -350 190 | -157 411 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 24 | 31 | 38 | 45 | 49 | 60 | 59 | 53 | 58 | 68 | 69 | 62 | 57 |
| 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 "Formiko Hydraulics"
Overview
SIA "Formiko Hydraulics" (reg. no. 40103613615) is a limited liability company. The company was registered in 2012 and has been in the register for 13 years. Registered address: Rīga, Dzirciema iela 119 k-1.
Financial results
Revenue in 2025 was 4 206 944 €, on a par with the previous year. From 2013 to 2025, revenue grew by an average of 24,6% per year. 2025 ended with a loss of 157 411 €. The company was profitable in 5 of the 13 published years. In 2025 the company had 57 employees (62 a year earlier). Revenue per employee was 73 806 €. At the end of 2025, total assets were 2 493 117 € and equity 310 721 € (12,5% of assets).
Management and owners
The company has one board member. According to the register, the company has 2 owners. The largest stake (73,8%) is held by Sabiedrība ar ierobežotu atbildību "RIMANS".
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.