Frigate ASActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 72 897 | 134 497 | 50 781 | 578 040 | 626 274 | 324 881 | 251 871 | 567 753 | 409 014 | 713 961 |
| Total non-current assets | 160 014 | 186 439 | 714 896 | 641 469 | 938 032 | 1 037 360 | 475 748 | 459 940 | 619 111 | 439 348 |
| Total assets | 232 911 | 320 936 | 765 677 | 1 219 509 | 1 564 306 | 1 362 241 | 727 619 | 1 027 693 | 1 028 125 | 1 153 309 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 222 860 | 8053 | 104 481 | 142 830 | 31 828 | 327 175 | 85 232 | 111 114 | 106 432 | 117 960 |
| Non-current liabilities | 0 | 0 | 0 | 89 116 | 330 153 | 29 917 | 33 624 | 73 426 | 0 | 0 |
| Total liabilities | 222 860 | 8053 | 104 481 | 231 946 | 361 981 | 357 092 | 118 856 | 184 540 | 106 432 | 117 960 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -49 949 | 52 832 | 98 313 | 326 367 | 38 783 | -197 176 | -396 386 | 234 390 | 78 540 | 113 656 |
| Total equity | 10 051 | 312 883 | 661 196 | 987 563 | 1 202 325 | 1 005 149 | 608 763 | 843 153 | 921 693 | 1 035 349 |
| Income statement | ||||||||||
| Sales revenue | 93 355 | 119 684 | 323 972 | 538 353 | 331 506 | 315 285 | 214 282 | 893 126 | 944 623 | 1 160 519 |
| Operating profit | -48 654 | 54 182 | 70 060 | 260 269 | 48 137 | -190 485 | -391 851 | 239 248 | 82 766 | 116 769 |
| Profit before income tax | -49 949 | 54 880 | 98 369 | 326 367 | 38 783 | -197 133 | -394 508 | 234 390 | 78 540 | 116 769 |
| Profit for the reporting year | -49 949 | 52 832 | 98 313 | 326 367 | 38 783 | -197 176 | -396 386 | 234 390 | 78 540 | 113 656 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 1 | 2 | 3 | 3 | 7 | 10 | 9 | 11 | 13 | 16 |
| Calculated dividend | — | 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: Frigate AS
Overview
Frigate AS (reg. no. 40103953555) is a joint-stock company. The company was registered in 2015 and has been in the register for 10 years. Registered address: Rīga, Ausekļa iela 6A - 1.
Financial results
Revenue in 2025 was 1 160 519 €, up 22,9% on the previous year (944 623 €). From 2016 to 2025, revenue grew by an average of 32,3% per year. This is the company's highest revenue among the published years (2016–2025). Net profit for 2025 was 113 656 € (9,8% of revenue). The company was profitable in 7 of the 10 published years. In 2025 the company had 16 employees (13 a year earlier). Revenue per employee was 72 532 €. At the end of 2025, total assets were 1 153 309 € and equity 1 035 349 € (89,8% of assets).
Management and owners
The board has 3 members.
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.