Sabiedrība ar ierobežotu atbildību "Setupad"Active
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 | 84 874 | 187 444 | 353 531 | 907 622 | 1 650 071 | 2 506 513 | 3 975 368 | 2 770 614 | 2 458 218 | 1 816 716 | 1 494 892 |
| Total non-current assets | 1348 | 5312 | 14 880 | 42 541 | 43 392 | 49 429 | 74 607 | 70 620 | 29 032 | 10 825 | 7416 |
| Total assets | 86 222 | 192 756 | 368 411 | 950 163 | 1 693 463 | 2 555 942 | 4 049 975 | 2 841 234 | 2 487 250 | 1 827 541 | 1 502 308 |
| Balance sheet — liabilities and equity | |||||||||||
| Current liabilities | 90 707 | 89 064 | 282 603 | 494 121 | 936 548 | 1 442 994 | 2 429 644 | 1 140 752 | 1 559 709 | 1 378 684 | 762 103 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 90 707 | 89 064 | 282 603 | 494 121 | 936 548 | 1 442 994 | 2 429 644 | 1 140 752 | 1 559 709 | 1 378 684 | 762 103 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -7285 | 108 177 | 2116 | 410 234 | 372 006 | 456 033 | 944 883 | 618 269 | -705 941 | -478 684 | 291 348 |
| Total equity | -4485 | 103 692 | 85 808 | 456 042 | 756 915 | 1 112 948 | 1 620 331 | 1 700 482 | 927 541 | 448 857 | 740 205 |
| Income statement | |||||||||||
| Sales revenue | 185 326 | 857 262 | 1 454 209 | 3 054 083 | 4 761 643 | 7 731 434 | 12 549 059 | 12 081 656 | 10 144 861 | 8 940 627 | 7 029 028 |
| Operating profit | -7285 | 125 111 | 2249 | 410 234 | 372 006 | 456 033 | 945 302 | 754 669 | -689 186 | -478 637 | 274 269 |
| Profit before income tax | -7285 | 125 111 | 2116 | 410 234 | 372 006 | 456 033 | 944 883 | 752 799 | -689 191 | -478 684 | 291 348 |
| Profit for the reporting year | -7285 | 108 177 | 2116 | 410 234 | 372 006 | 456 033 | 944 883 | 618 269 | -705 941 | -478 684 | 291 348 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||
| Employees | 1 | 4 | 4 | 5 | 8 | 8 | 19 | 28 | 30 | 28 | 16 |
| Calculated dividend | — | 0 | 20 000 | 40 000 | 71 133 | 100 000 | 437 500 | 538 118 | 67 000 | 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 "Setupad"
Overview
Sabiedrība ar ierobežotu atbildību "Setupad" (reg. no. 40103877815) is a limited liability company. The company was registered in 2015 and has been in the register for 11 years. Registered address: Rīga, Biķernieku iela 69 - 64.
Financial results
Revenue in 2025 was 7 029 028 €, down 21,4% on the previous year (8 940 627 €). From 2015 to 2025, revenue grew by an average of 43,8% per year. Net profit for 2025 was 291 348 € (4,1% of revenue). The company was profitable in 8 of the 11 published years. In 2025 the company had 16 employees (28 a year earlier). Revenue per employee was 439 314 €. At the end of 2025, total assets were 1 502 308 € and equity 740 205 € (49,3% of assets).
Management and owners
The company has one board member. According to the register, the company has 5 owners. The largest stake (96%) is held by 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 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.