Sabiedrība ar ierobežotu atbildību "AdvanGrid"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2015–2025
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||
| Total current assets | 84 555 | 35 957 | 76 181 | 127 893 | 170 719 | 122 120 | 166 337 | 332 491 | 278 156 | 196 241 | 267 538 |
| Total non-current assets | 1491 | 6139 | 273 416 | 270 540 | 202 500 | 137 320 | 195 281 | 276 044 | 327 610 | 638 364 | 931 296 |
| Total assets | 86 046 | 42 096 | 349 597 | 398 433 | 373 219 | 259 440 | 361 618 | 608 535 | 605 766 | 834 605 | 1 198 834 |
| Balance sheet — liabilities and equity | |||||||||||
| Current liabilities | 14 896 | 19 025 | 83 630 | 203 885 | 86 793 | 170 672 | 195 745 | 273 844 | 168 219 | 174 847 | 281 447 |
| Non-current liabilities | 90 000 | 225 000 | 370 772 | 1296 | 20 729 | 0 | 0 | 0 | 50 544 | 61 764 | 161 793 |
| Total liabilities | 104 896 | 244 025 | 454 402 | 205 181 | 107 522 | 170 672 | 195 745 | 273 844 | 218 763 | 236 611 | 443 240 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -23 871 | -180 858 | -14 868 | -147 296 | -297 880 | -176 929 | -13 096 | 78 818 | 51 459 | 210 991 | 157 600 |
| Total equity | -21 071 | -201 929 | -104 805 | 193 252 | 265 697 | 88 768 | 165 873 | 334 691 | 387 003 | 597 994 | 755 594 |
| Income statement | |||||||||||
| Sales revenue | 28 229 | 70 136 | 192 525 | 162 044 | 236 252 | 170 022 | 260 219 | 524 577 | 591 524 | 501 778 | 571 390 |
| Operating profit | -23 530 | -180 456 | -14 868 | -147 253 | -297 880 | -176 929 | -13 096 | 88 558 | 48 751 | 220 684 | 163 540 |
| Profit before income tax | -23 871 | -180 858 | -14 868 | -147 253 | -297 880 | -176 929 | -13 096 | 78 864 | 51 600 | 211 296 | 157 600 |
| Profit for the reporting year | -23 871 | -180 858 | -14 868 | -147 296 | -297 880 | -176 929 | -13 096 | 78 818 | 51 459 | 210 991 | 157 600 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||
| Employees | 4 | 8 | 10 | 8 | 8 | 5 | 6 | 6 | 8 | 9 | 9 |
| Calculated dividend | — | 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: Sabiedrība ar ierobežotu atbildību "AdvanGrid"
Overview
Sabiedrība ar ierobežotu atbildību "AdvanGrid" (reg. no. 40103868579) is a limited liability company. The company was registered in 2015 and has been in the register for 11 years. Registered address: Rīga, Katlakalna iela 11.
Financial results
Revenue in 2025 was 571 390 €, up 13,9% on the previous year (501 778 €). From 2015 to 2025, revenue grew by an average of 35,1% per year. Net profit for 2025 was 157 600 € (27,6% of revenue). The company was profitable in 4 of the 11 published years. In 2025 the company had 9 employees. Revenue per employee was 63 488 €. At the end of 2025, total assets were 1 198 834 € and equity 755 594 € (63,0% of assets).
Management and owners
The board has 2 members. According to the register, the company has 5 owners. The largest stake (32,5%) is held by Sabiedrība ar ierobežotu atbildību "Paul Invest". 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.