SIA "HGMV ACADEMY"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 15 543 € (40% 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 | 1 | 0 | 50 | 2062 | 2981 | 2722 | 884 | 2072 | 3056 | 2355 | 15 612 | 70 151 | 105 427 |
| Total non-current assets | 3400 | 4838 | 4838 | 4838 | 7351 | 28 483 | 34 402 | 36 698 | 38 130 | 41 810 | 39 969 | 41 163 | 56 309 |
| Total assets | 3401 | 4838 | 4888 | 6900 | 10 332 | 31 205 | 35 286 | 38 770 | 41 186 | 44 165 | 55 581 | 111 314 | 161 736 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 0 | 0 | 101 | 1480 | 4458 | 28 217 | 29 164 | 39 920 | 44 096 | 67 651 | 39 211 | 72 472 | 93 630 |
| Non-current liabilities | 3015 | 5647 | 5856 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 257 |
| Total liabilities | 3015 | 5647 | 5957 | 1480 | 4458 | 28 217 | 29 164 | 39 920 | 44 096 | 67 651 | 39 211 | 72 472 | 105 887 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -1614 | -1358 | -260 | 6489 | 454 | -2886 | 3134 | -7272 | -1760 | -20 576 | 39 856 | 22 472 | 32 550 |
| Total equity | 386 | -809 | -1069 | 5420 | 5874 | 2988 | 6122 | -1150 | -2910 | -23 486 | 16 370 | 38 842 | 55 849 |
| Income statement | |||||||||||||
| Sales revenue | 0 | 0 | 510 | 13 014 | 10 032 | 20 790 | 21 724 | 7273 | 13 608 | 4871 | 72 932 | 323 424 | 487 543 |
| Operating profit | -1549 | -1326 | -212 | 7002 | 521 | -2886 | 3333 | -7269 | -1759 | -20 570 | 39 856 | 22 484 | 40 169 |
| EBITDA | -1549 | -1326 | — | — | — | — | — | — | — | — | — | — | — |
| Profit before income tax | -1549 | -1326 | -212 | 7002 | 521 | -2886 | 3134 | -7272 | -1760 | -20 576 | 39 856 | 22 484 | 36 436 |
| Profit for the reporting year | -1614 | -1358 | -260 | 6489 | 454 | -2886 | 3134 | -7272 | -1760 | -20 576 | 39 856 | 22 472 | 32 550 |
| Labour costs | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 2 | 2 | 1 | 19 | 19 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 543 |
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 "HGMV ACADEMY"
Overview
SIA "HGMV ACADEMY" (reg. no. 40103619444) is a limited liability company. The company was registered in 2012 and has been in the register for 13 years. Registered address: Rīga, Valdeķu iela 62 - 102.
Financial results
Revenue in 2025 was 487 543 €, up 50,7% on the previous year (323 424 €). This is the company's highest revenue among the published years (2013–2025). Net profit for 2025 was 32 550 € (6,7% of revenue). The company was profitable in 6 of the 13 published years. In 2025 the company had 19 employees. Revenue per employee was 25 660 €. At the end of 2025, total assets were 161 736 € and equity 55 849 € (34,5% of assets).
Management and owners
The board has 2 members. The sole owner of the company is 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.