SIA "Defence Development"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 11 821 | 4530 | 3378 | 3012 | 3018 | 11 607 | 20 581 | 876 | 3423 | 250 748 |
| Total non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 10 000 | 26 064 | 78 372 | 70 433 |
| Total assets | 11 821 | 4530 | 3378 | 3012 | 3018 | 11 607 | 30 581 | 26 940 | 81 795 | 321 181 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 0 | 359 | 225 | 12 | 18 | 563 | 3632 | 2602 | 7662 | 160 968 |
| Non-current liabilities | 2821 | 0 | 0 | 0 | 0 | 0 | 0 | 8000 | 0 | 0 |
| Total liabilities | 2821 | 359 | 225 | 12 | 18 | 563 | 3632 | 10 602 | 7662 | 160 968 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 6000 | 1171 | 153 | 0 | 0 | 8044 | 15 905 | -10 611 | 56 017 | 86 080 |
| Total equity | 9000 | 4171 | 3153 | 3000 | 3000 | 11 044 | 26 949 | 16 338 | 74 133 | 160 213 |
| Income statement | ||||||||||
| Sales revenue | 7378 | 1500 | 52 651 | 13 739 | 40 956 | 8222 | 81 805 | 8700 | 84 398 | 306 042 |
| Operating profit | 7060 | 1378 | 48 925 | 9789 | 37 500 | 8094 | 15 905 | -10 611 | 56 017 | 86 080 |
| Profit before income tax | 7059 | 1378 | 48 925 | 9789 | 37 500 | 8094 | 15 905 | -10 611 | 56 017 | 86 080 |
| Profit for the reporting year | 6000 | 1171 | 153 | 0 | 0 | 8044 | 15 905 | -10 611 | 56 017 | 86 080 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 0 | 0 | 1 | 1 | 1 | 0 | 3 | 1 | 1 | 1 |
| Calculated dividend | 0 | 6000 | 1171 | 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: SIA "Defence Development"
Overview
SIA "Defence Development" (reg. no. 40103956477) is a limited liability company. The company was registered in 2015 and has been in the register for 10 years. Registered address: Rīga, Gustava Zemgala gatve 76.
Financial results
Revenue in 2025 was 306 042 €, up 263% on the previous year (84 398 €). From 2016 to 2025, revenue grew by an average of 51,3% per year. This is the company's highest revenue among the published years (2016–2025). Net profit for 2025 was 86 080 € (28,1% of revenue). The company was profitable in 7 of the 10 published years. In 2025 the company had 1 employees. Revenue per employee was 306 042 €. At the end of 2025, total assets were 321 181 € and equity 160 213 € (49,9% of assets).
Management and owners
The company has one board member. The sole owner of the company is 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.