SIA Swedish technologyActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 370 000 € (36% of equity at the end of the previous year).
Low confidence: the company does not file a cash flow statement, so the amount is an estimate from changes in equity — it may also include other reductions of equity (e.g. a share capital reduction).
Summary of financial statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 30 223 | 143 331 | 208 254 | 247 167 | 690 888 | 800 902 | 1 091 889 | 1 270 293 | 1 035 737 | 974 679 |
| Total non-current assets | 28 824 | 40 389 | 148 517 | 137 914 | 94 921 | 262 309 | 309 262 | 245 379 | 148 394 | 91 353 |
| Total assets | 59 047 | 183 720 | 356 771 | 385 081 | 785 809 | 1 063 211 | 1 401 151 | 1 515 672 | 1 184 131 | 1 066 032 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 22 997 | 62 447 | 42 774 | 69 886 | 69 737 | 110 763 | 178 350 | 106 363 | 152 976 | 275 334 |
| Non-current liabilities | 7515 | 15 | 15 | 15 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 30 512 | 62 462 | 42 789 | 69 901 | 69 737 | 110 763 | 178 350 | 106 363 | 152 976 | 275 334 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 25 725 | 118 448 | 311 171 | 312 370 | 560 892 | 538 745 | 718 853 | 266 508 | -8154 | 129 543 |
| Total equity | 28 535 | 121 258 | 313 982 | 315 180 | 716 072 | 952 448 | 1 222 801 | 1 409 309 | 1 031 155 | 790 698 |
| Income statement | ||||||||||
| Sales revenue | 207 550 | 933 630 | 1 025 000 | 1 249 515 | 1 419 719 | 1 445 000 | 2 457 901 | 2 127 687 | 1 970 545 | 2 726 502 |
| Operating profit | 30 206 | 138 819 | 398 192 | 390 559 | 554 451 | 397 591 | 771 060 | 236 337 | 58 983 | 209 669 |
| Profit before income tax | 30 206 | 138 819 | 398 192 | 390 559 | 601 327 | 617 896 | 848 019 | 287 292 | 84 867 | 222 579 |
| Profit for the reporting year | 25 725 | 118 448 | 311 171 | 312 370 | 560 892 | 538 745 | 718 853 | 266 508 | -8154 | 129 543 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 3 | 10 | 13 | 17 | 18 | 23 | 31 | 34 | 36 | 36 |
| Calculated dividend | — | 25 725 | 118 447 | 311 172 | 160 000 | 302 369 | 448 500 | 80 000 | 370 000 | 370 000 |
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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Related companies
- SIA SWETCH — 90%
- SIA SWETCH — 2 shared people
Summary: SIA Swedish technology
Overview
SIA Swedish technology (reg. no. 40103960896) is a limited liability company. The company was registered in 2016 and has been in the register for 10 years. Registered address: Rīga, Roberta Hirša iela 1.
Financial results
Revenue in 2025 was 2 726 502 €, up 38,4% on the previous year (1 970 545 €). From 2016 to 2025, revenue grew by an average of 33,1% per year. This is the company's highest revenue among the published years (2016–2025). Net profit for 2025 was 129 543 € (4,8% of revenue). The company was profitable in 9 of the 10 published years. In 2025 the company had 36 employees. Revenue per employee was 75 736 €. At the end of 2025, total assets were 1 066 032 € and equity 790 698 € (74,2% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual. 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.