SIA "Velonet Baltic"Active
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 | 36 286 | 97 497 | 113 858 | 92 747 | 101 088 | 111 669 | 118 633 | 126 017 | 216 423 | 168 432 | 184 051 | 191 490 |
| Total non-current assets | 192 | 408 | 2874 | 3857 | 4117 | 3485 | 1931 | 1046 | 21 761 | 18 385 | 13 440 | 7882 |
| Total assets | 36 478 | 97 905 | 116 732 | 96 604 | 105 205 | 115 154 | 120 564 | 127 063 | 238 184 | 186 817 | 197 491 | 199 372 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 39 559 | 46 665 | 17 954 | 52 032 | 25 549 | 18 645 | 7605 | 21 774 | 88 796 | 19 573 | 14 856 | 20 117 |
| Non-current liabilities | 0 | 50 325 | 111 170 | 113 147 | 142 137 | 157 457 | 157 457 | 98 500 | 111 549 | 107 424 | 103 162 | 98 757 |
| Total liabilities | 39 559 | 96 990 | 129 124 | 165 179 | 167 686 | 176 102 | 165 062 | 120 274 | 200 345 | 126 997 | 118 018 | 118 874 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -3082 | 997 | -13 307 | -56 183 | 6097 | 1533 | 16 450 | 51 287 | 31 050 | 21 981 | 19 653 | 1025 |
| Total equity | -3081 | 915 | -12 392 | -68 575 | -62 481 | -60 948 | -44 498 | 6789 | 37 839 | 59 820 | 79 473 | 80 498 |
| Income statement | ||||||||||||
| Sales revenue | 7990 | 131 586 | 152 299 | 216 982 | 203 711 | 253 657 | 334 208 | 318 497 | 425 878 | 523 918 | 360 105 | 250 058 |
| Operating profit | -3082 | 1156 | -13 307 | -56 183 | 6097 | 1533 | 16 450 | 51 287 | 31 370 | 23 021 | 19 191 | 1267 |
| Profit before income tax | -3082 | 1156 | -13 307 | -56 183 | 6097 | 1533 | 16 450 | 51 287 | 31 050 | 21 981 | 19 653 | 1025 |
| Profit for the reporting year | -3082 | 997 | -13 307 | -56 183 | 6097 | 1533 | 16 450 | 51 287 | 31 050 | 21 981 | 19 653 | 1025 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 3 | 2 | 4 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 2 |
| 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: SIA "Velonet Baltic"
Overview
SIA "Velonet Baltic" (reg. no. 40103781059) is a limited liability company. The company was registered in 2014 and has been in the register for 12 years. Registered address: Rīga, Dzirnavu iela 34A - 11.
Financial results
Revenue in 2025 was 250 058 €, down 30,6% on the previous year (360 105 €). From 2014 to 2025, revenue grew by an average of 36,8% per year. Net profit for 2025 was 1025 € (0,4% of revenue). The company was profitable in 9 of the 12 published years. In 2025 the company had 2 employees. Revenue per employee was 125 029 €. At the end of 2025, total assets were 199 372 € and equity 80 498 € (40,4% of assets).
Management and owners
The company has one board member. According to the register, the company has 2 owners. The largest stake (90%) is held by JP INVEST SIA.
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.