SIA "VGD Project"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 498 085 € (83% 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 | 6751 | 178 816 | 84 407 | 40 553 | 30 478 | 102 322 | 694 760 | 514 132 | 655 664 | 1 119 675 | 1 496 023 | 1 266 670 | 617 468 |
| Total non-current assets | 0 | 0 | 0 | 0 | 0 | 3364 | 2642 | 1919 | 1257 | 18 293 | 156 700 | 152 584 | 132 502 |
| Total assets | 6751 | 178 816 | 84 407 | 40 553 | 30 478 | 105 686 | 697 402 | 516 051 | 656 921 | 1 137 968 | 1 652 723 | 1 419 254 | 749 970 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 612 | 61 756 | 65 529 | 2913 | 18 591 | 5362 | 521 074 | 383 866 | 524 879 | 921 320 | 1 118 033 | 821 169 | 326 945 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 612 | 61 756 | 65 529 | 2913 | 18 591 | 5362 | 521 074 | 383 866 | 524 879 | 921 320 | 1 118 033 | 821 169 | 326 945 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 4031 | 113 903 | 15 721 | 34 017 | -95 | 97 324 | 173 328 | 89 457 | 47 857 | 213 648 | 434 690 | 498 085 | 323 025 |
| Total equity | 6139 | 116 903 | 18 721 | 37 483 | 11 887 | 100 324 | 176 328 | 132 185 | 132 042 | 216 648 | 534 690 | 598 085 | 423 025 |
| Income statement | |||||||||||||
| Sales revenue | 35 109 | 1 443 986 | 2 927 894 | 1 341 123 | 1 042 025 | 1 013 203 | 2 105 675 | 949 383 | 999 582 | 2 320 098 | 4 268 747 | 6 631 041 | 6 934 111 |
| Operating profit | 4643 | 151 658 | 348 663 | 169 930 | 141 091 | 166 074 | 363 504 | 122 857 | 59 857 | 349 608 | 593 235 | 888 001 | 495 961 |
| Profit before income tax | 4643 | 151 652 | 345 348 | 169 888 | 141 091 | 166 074 | 363 504 | 122 857 | 59 857 | 349 608 | 593 235 | 887 386 | 494 941 |
| Profit for the reporting year | 4031 | 113 903 | 15 721 | 34 017 | -95 | 97 324 | 173 328 | 89 457 | 47 857 | 213 648 | 434 690 | 498 085 | 323 025 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 3 | 4 | 6 | 7 |
| Calculated dividend | — | 3139 | 113 903 | 15 255 | 25 501 | 8887 | 97 324 | 133 600 | 48 000 | 129 042 | 116 648 | 434 690 | 498 085 |
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 "VGD Project"
Overview
SIA "VGD Project" (reg. no. 40103696142) is a limited liability company. The company was registered in 2013 and has been in the register for 13 years. Registered address: Rīga, Audēju iela 15 - 4.
Financial results
Revenue in 2025 was 6 934 111 €, up 4,6% on the previous year (6 631 041 €). From 2013 to 2025, revenue grew by an average of 55,3% per year. This is the company's highest revenue among the published years (2013–2025). Net profit for 2025 was 323 025 € (4,7% of revenue). The company was profitable in 12 of the 13 published years. In 2025 the company had 7 employees (6 a year earlier). Revenue per employee was 990 587 €. At the end of 2025, total assets were 749 970 € and equity 423 025 € (56,4% of assets).
Management and owners
The company has one board member. According to the register, the company has 4 owners. The largest stake (59,2%) 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.