Avafin Software SIAActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 19 367 | 50 182 | 2441 | 61 048 | 622 218 | 367 473 | 91 940 | 486 013 | 430 137 | 716 965 | 912 597 | 3 083 941 |
| Total non-current assets | 444 942 | 1 008 081 | 1 603 444 | 2 667 417 | 3 802 342 | 4 994 132 | 6 948 116 | 7 001 477 | 6 537 769 | 6 823 995 | 7 105 689 | 7 911 709 |
| Total assets | 464 309 | 1 058 263 | 1 605 885 | 2 728 465 | 4 424 560 | 5 361 605 | 7 040 056 | 7 487 490 | 6 967 906 | 7 540 960 | 8 018 286 | 10 995 650 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 477 926 | 164 418 | 401 326 | 4 478 237 | 851 540 | 1 071 472 | 189 166 | 241 135 | 368 648 | 426 747 | 540 749 | 780 226 |
| Non-current liabilities | 0 | 1 036 304 | 1 852 784 | 105 564 | 2 678 625 | 2 358 625 | 5 349 984 | 6 280 425 | 5 751 732 | 3 467 659 | 3 890 341 | 0 |
| Total liabilities | 477 926 | 1 200 722 | 2 254 110 | 4 583 801 | 3 530 165 | 3 430 097 | 5 539 150 | 6 521 560 | 6 120 380 | 3 894 406 | 4 431 090 | 780 226 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -16 617 | -128 842 | -505 767 | -1 207 111 | -1 373 920 | 1 037 112 | -430 602 | -534 976 | -1 531 246 | 299 028 | -59 358 | 6 628 228 |
| Total equity | -13 617 | -142 459 | -648 225 | -1 855 336 | 894 395 | 1 931 508 | 1 500 906 | 965 930 | 847 526 | 3 646 554 | 3 587 196 | 10 215 424 |
| Income statement | ||||||||||||
| Sales revenue | 28 220 | 72 000 | 72 000 | 72 000 | 70 000 | 2 906 000 | 1 876 500 | 2 664 000 | 2 665 012 | 3 993 224 | 4 968 526 | 6 293 373 |
| Operating profit | -16 390 | -112 070 | -364 371 | -814 196 | -1 194 971 | 1 203 348 | 71 385 | 295 465 | -647 097 | 822 890 | 538 324 | -196 196 |
| Profit before income tax | -16 617 | -128 842 | -505 767 | -1 207 111 | -1 338 128 | 1 037 112 | -430 602 | -534 976 | -1 531 246 | 306 963 | -59 358 | 6 629 014 |
| Profit for the reporting year | -16 617 | -128 842 | -505 767 | -1 207 111 | -1 373 920 | 1 037 112 | -430 602 | -534 976 | -1 531 246 | 299 028 | -59 358 | 6 628 228 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 30 |
| Calculated dividend | — | 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: Avafin Software SIA
Overview
Avafin Software SIA (reg. no. 40103704007) is a limited liability company. The company was registered in 2013 and has been in the register for 13 years. Registered address: Rīga, Skanstes iela 12.
Financial results
Revenue in 2025 was 6 293 373 €, up 26,7% on the previous year (4 968 526 €). From 2014 to 2025, revenue grew by an average of 63,5% per year. This is the company's highest revenue among the published years (2014–2025). Net profit for 2025 was 6 628 228 € (105% of revenue). The company was profitable in 3 of the 12 published years. In 2025 the company had 30 employees (1 a year earlier). Revenue per employee was 209 779 €. At the end of 2025, total assets were 10 995 650 € and equity 10 215 424 € (92,9% of assets).
Management and owners
The board has 2 members. The sole owner of the company is Avafin Holding 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 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.