SIA "Ignitis Latvija"Active

40103642991Limited liability companyFounded 2013

Key figures

94 546 000 €+1,1%

Revenue 2025

+126,7%

Average annual growth 2013–2025

Ratios

2025

-4,4%

EBITDA margin

-6,9%

Profit margin

16,8%

Equity ratio

0,9×

Current ratio

-58,5%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Summary of financial statements2013–2025

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Balance sheet — assets
Total current assets	18 156	572 972	403 519	2 389 789	6 830 755	15 171 422	11 690 660	10 157 016	55 634 102	69 402 042	20 306 000	22 973 000	29 858 000
Total non-current assets	0	388	218	4102	3755	3510	306 918	238 654	1 628 065	3 680 913	5 134 000	29 729 000	36 210 000
Total assets	18 156	573 360	403 737	2 393 891	6 834 510	15 174 932	11 997 578	10 395 670	57 262 167	73 082 955	25 440 000	52 702 000	66 068 000
Balance sheet — liabilities and equity
Current liabilities	1168	547 554	199 523	2 147 209	6 372 179	13 864 085	11 462 408	6 744 357	42 047 740	40 459 123	13 304 000	25 473 000	31 675 000
Non-current liabilities	0	0	0	0	0	0	0	0	0	0	349 000	16 983 000	23 282 000
Total liabilities	1168	547 554	199 523	2 147 209	6 372 179	13 864 085	11 462 408	6 744 357	42 047 740	40 459 123	13 653 000	42 456 000	54 957 000
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	-3012	309	176 445	45 756	-255 894	-4 151 484	-775 677	-2 883 857	4 227 855	6 294 913	-2 999 000	746 000	-6 504 000
Total equity	16 988	24 481	200 926	246 682	462 331	1 310 847	535 170	3 651 313	15 214 427	32 623 832	11 787 000	10 246 000	11 111 000
Income statement
Sales revenue	5125	1 349 875	4 955 811	7 300 637	31 206 154	40 886 038	43 849 065	39 976 796	104 006 534	273 322 492	102 459 000	93 548 000	94 546 000
Operating profit	-3041	1001	210 341	54 684	-236 777	-4 120 588	-779 808	-2 824 497	4 423 066	7 099 466	-3 100 000	1 124 000	-5 366 000
EBITDA	—	—	—	—	—	—	—	—	—	—	-2 961 000	1 372 000	-4 178 000
Profit before income tax	-3012	309	207 434	52 855	-255 894	-4 150 086	-775 663	-2 882 528	4 227 855	6 294 913	-2 999 000	746 000	-6 504 000
Profit for the reporting year	-3012	309	176 445	45 756	-255 894	-4 151 484	-775 677	-2 883 857	4 227 855	6 294 913	-2 999 000	746 000	-6 504 000
Labour costs	—	—	—	—	—	—	—	—	—	—	1 050 000	1 817 000	2 148 000
Depreciation of non-current assets	—	—	—	—	—	—	—	—	—	—	139 000	248 000	1 188 000
Other indicators
Employees	0	1	1	1	2	7	9	11	13	18	24	34	45
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 "Ignitis Latvija"

Overview

SIA "Ignitis Latvija" (reg. no. 40103642991) is a limited liability company. The company was registered in 2013 and has been in the register for 13 years. Registered address: Rīga, Gustava Zemgala gatve 74A.

Financial results

Revenue in 2025 was 94 546 000 €, up 1,1% on the previous year (93 548 000 €). From 2013 to 2025, revenue grew by an average of 127% per year. 2025 ended with a loss of 6 504 000 €. The company was profitable in 6 of the 13 published years. In 2025 the company had 45 employees (34 a year earlier). Revenue per employee was 2 101 022 €. At the end of 2025, total assets were 66 068 000 € and equity 11 111 000 € (16,8% of assets).

Management and owners

The company has one board member. The sole owner of the company is UAB "Ignitis".

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.