ZEMGALE TIMBERLAND SIAActive
Key figures
Ratios
2026Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2014–2026
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 273 171 | 549 386 | 447 492 | 602 758 | 523 014 | 555 658 | 743 674 | 760 643 | 1 737 942 | 751 219 | 596 482 | 1 427 518 | 603 263 |
| Total non-current assets | 14 148 515 | 14 148 515 | 15 708 554 | 15 661 883 | 15 711 925 | 15 887 117 | 15 868 615 | 15 868 291 | 15 662 063 | 14 730 973 | 14 746 723 | 14 686 156 | 14 683 547 |
| Total assets | 14 421 686 | 14 697 901 | 16 156 046 | 16 264 641 | 16 234 939 | 16 442 775 | 16 612 289 | 16 628 934 | 17 400 005 | 15 482 192 | 15 343 205 | 16 113 674 | 15 286 810 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 5 013 931 | 388 283 | 421 115 | 471 327 | 398 693 | 442 152 | 98 342 | 295 302 | 738 788 | 1 527 822 | 567 659 | 459 852 | 1 054 587 |
| Non-current liabilities | 9 657 726 | 9 657 726 | 9 657 726 | 9 500 000 | 9 500 000 | 9 500 000 | 9 500 000 | 9 250 000 | 9 250 000 | 2 894 563 | 1 896 639 | 1 914 367 | 0 |
| Total liabilities | 14 671 657 | 10 046 009 | 10 078 841 | 9 971 327 | 9 898 693 | 9 942 152 | 9 598 342 | 9 545 302 | 9 988 788 | 4 422 385 | 2 464 298 | 2 374 219 | 1 054 587 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -252 817 | -98 137 | -172 120 | 216 109 | 42 932 | 164 377 | 513 324 | 69 685 | 327 585 | 3 648 590 | 1 819 100 | 880 548 | 492 768 |
| Total equity | -249 971 | 4 651 892 | 6 077 205 | 6 293 314 | 6 336 246 | 6 500 623 | 7 013 947 | 7 083 632 | 7 411 217 | 11 059 807 | 12 878 907 | 13 739 455 | 14 232 223 |
| Income statement | |||||||||||||
| Sales revenue | 4570 | 453 054 | 311 346 | 747 234 | 651 617 | 732 978 | 1 128 326 | 738 119 | 880 628 | 1 516 863 | 2 610 332 | 1 774 187 | 1 077 784 |
| Operating profit | -95 091 | 222 396 | 112 930 | 507 454 | 327 982 | 449 427 | 799 155 | 353 371 | 604 354 | 3 822 355 | 1 902 789 | 942 548 | 519 446 |
| Profit before income tax | -252 817 | -62 604 | -172 070 | 222 454 | 42 982 | 164 427 | 513 374 | 69 735 | 327 635 | 3 650 402 | 1 819 150 | 885 548 | 493 020 |
| Profit for the reporting year | -252 817 | -98 137 | -172 120 | 216 109 | 42 932 | 164 377 | 513 324 | 69 685 | 327 585 | 3 648 590 | 1 819 100 | 880 548 | 492 768 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 000 | 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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Related companies
- KURZEME TIMBERLAND SIA — 2 shared people
- Sabiedrība ar ierobežotu atbildību "Latvijas Mežu Aģentūra" — 2 shared people
Summary: ZEMGALE TIMBERLAND SIA
Overview
ZEMGALE TIMBERLAND SIA (reg. no. 40103792279) is a limited liability company. The company was registered in 2014 and has been in the register for 12 years. Registered address: Cēsu nov., Cēsis, Valmieras iela 20A.
Financial results
Revenue in 2026 was 1 077 784 €, down 39,3% on the previous year (1 774 187 €). From 2014 to 2026, revenue grew by an average of 57,7% per year. Net profit for 2026 was 492 768 € (45,7% of revenue). The company was profitable in 10 of the 13 published years. According to the report, the company had no employees in 2026. At the end of 2026, total assets were 15 286 810 € and equity 14 232 223 € (93,1% of assets).
Management and owners
The board has 4 members. The sole owner of the company is KURZEME TIMBERLAND 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.