AS Avole HoldingsActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2015–2025
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||
| Total current assets | 9294 | 36 236 | 59 265 | 365 327 | 251 141 | 77 079 | 24 244 | 60 515 | 155 548 | 95 017 | 248 107 |
| Total non-current assets | 290 545 | 1 515 359 | 3 935 282 | 6 327 379 | 7 829 048 | 6 820 475 | 9 870 241 | 12 312 112 | 15 058 206 | 19 867 788 | 18 100 799 |
| Total assets | 299 839 | 1 551 595 | 3 994 547 | 6 692 706 | 8 080 189 | 6 897 554 | 9 894 485 | 12 372 627 | 15 213 754 | 19 962 805 | 18 348 906 |
| Balance sheet — liabilities and equity | |||||||||||
| Current liabilities | 2154 | 3489 | 11 852 | 64 964 | 108 807 | 148 302 | 3 289 328 | 3943 | 4214 | 5355 | 6065 |
| Non-current liabilities | 265 000 | 0 | 2 347 600 | 3 504 000 | 5 417 049 | 4 266 693 | 928 961 | 6 318 000 | 8 768 000 | 15 493 000 | 15 463 000 |
| Total liabilities | 267 154 | 3489 | 2 359 452 | 3 568 964 | 5 525 856 | 4 414 995 | 4 218 289 | 6 321 943 | 8 772 214 | 15 498 355 | 15 469 065 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -2315 | 1 515 421 | 86 989 | 1 488 647 | 1 030 686 | -71 774 | 253 637 | 374 488 | 390 855 | -1 977 090 | -1 584 608 |
| Total equity | 32 685 | 1 548 106 | 1 635 095 | 3 123 742 | 2 554 333 | 2 482 559 | 5 676 196 | 6 050 684 | 6 441 540 | 4 464 450 | 2 879 841 |
| Income statement | |||||||||||
| Sales revenue | 0 | 10 270 | 84 984 | 526 410 | 521 960 | 207 741 | 320 264 | 265 801 | 306 218 | 456 743 | 854 678 |
| Operating profit | -161 | 30 179 | 64 198 | 372 309 | 344 238 | -96 240 | -5 582 358 | 304 141 | 280 062 | -4 918 276 | -4 059 702 |
| Profit before income tax | -2315 | 1 518 910 | 94 224 | 1 488 647 | 1 030 702 | -71 774 | 253 637 | 374 488 | 390 855 | -1 977 090 | -1 584 608 |
| Profit for the reporting year | -2315 | 1 515 421 | 86 989 | 1 488 647 | 1 030 686 | -71 774 | 253 637 | 374 488 | 390 855 | -1 977 090 | -1 584 608 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||
| Employees | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 0 | 0 | 0 | 1 600 095 | 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: AS Avole Holdings
Overview
AS Avole Holdings (reg. no. 40103806348) is a joint-stock company. The company was registered in 2014 and has been in the register for 12 years. Registered address: Rīga, Skanstes iela 50.
Financial results
Revenue in 2025 was 854 678 €, up 87,1% on the previous year (456 743 €). This is the company's highest revenue among the published years (2015–2025). 2025 ended with a loss of 1 584 608 €. The company was profitable in 7 of the 11 published years. In 2025 the company had 1 employees. Revenue per employee was 854 678 €. At the end of 2025, total assets were 18 348 906 € and equity 2 879 841 € (15,7% of assets).
Management and owners
The company has one board member. The company holds a stake in one other active Latvian company.
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.