Sabiedrība ar ierobežotu atbildību "MAD Format"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 4279 | 6574 | 9350 | 8721 | 52 358 | 40 376 | 26 794 | 101 445 | 136 173 | 234 560 | 128 656 | 148 883 |
| Total non-current assets | 71 650 | 60 517 | 71 652 | 67 765 | 59 572 | 80 299 | 195 000 | 197 148 | 340 285 | 830 638 | 787 973 | 625 288 |
| Total assets | 75 929 | 67 091 | 81 002 | 76 486 | 111 930 | 120 675 | 221 794 | 298 593 | 476 458 | 1 065 198 | 916 629 | 774 171 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 10 160 | 19 853 | 141 131 | 55 962 | 59 340 | 37 198 | 30 441 | 25 355 | 29 537 | 85 664 | 134 985 | 127 756 |
| Non-current liabilities | 83 414 | 84 494 | 0 | 103 584 | 118 284 | 114 239 | 154 987 | 37 870 | 10 100 | 259 663 | 189 689 | 132 782 |
| Total liabilities | 93 574 | 104 347 | 141 131 | 159 546 | 177 624 | 151 437 | 185 428 | 63 225 | 39 637 | 345 327 | 324 674 | 260 538 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -20 645 | -19 611 | -22 873 | -22 931 | 17 366 | 24 932 | 67 129 | 199 002 | 201 453 | 345 050 | -109 459 | -79 029 |
| Total equity | -17 645 | -37 256 | -60 129 | -83 060 | -65 694 | -30 762 | 36 366 | 235 368 | 436 821 | 719 871 | 580 412 | 501 382 |
| Income statement | ||||||||||||
| Sales revenue | 39 111 | 68 259 | 121 394 | 151 553 | 152 303 | 217 189 | 309 119 | 518 511 | 612 243 | 1 074 737 | 655 796 | 926 371 |
| Operating profit | -20 645 | -19 611 | -22 873 | -22 931 | 17 369 | 24 974 | 67 149 | 199 002 | 201 513 | 377 261 | -77 520 | -62 184 |
| Profit before income tax | -20 645 | -19 611 | -22 873 | -22 931 | 17 369 | 24 974 | 67 149 | 199 002 | 201 513 | 368 256 | -94 905 | -73 707 |
| Profit for the reporting year | -20 645 | -19 611 | -22 873 | -22 931 | 17 366 | 24 932 | 67 129 | 199 002 | 201 453 | 345 050 | -109 459 | -79 029 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 4 | 4 | 3 | 5 | 5 | 10 | 9 | 6 | 6 | 9 | 13 | 14 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62 000 | 30 000 | 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: Sabiedrība ar ierobežotu atbildību "MAD Format"
Overview
Sabiedrība ar ierobežotu atbildību "MAD Format" (reg. no. 40103736873) is a limited liability company. The company was registered in 2013 and has been in the register for 12 years. Registered address: Rīga, Spāres iela 18 k-1.
Financial results
Revenue in 2025 was 926 371 €, up 41,3% on the previous year (655 796 €). From 2014 to 2025, revenue grew by an average of 33,3% per year. 2025 ended with a loss of 79 029 €. The company was profitable in 6 of the 12 published years. In 2025 the company had 14 employees (13 a year earlier). Revenue per employee was 66 169 €. At the end of 2025, total assets were 774 171 € and equity 501 382 € (64,8% of assets).
Management and owners
The company has one board member. 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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.