SIA Race Land MusaActive
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 | 65 603 | 21 505 | 9214 | 10 263 | 10 378 | 13 933 | 17 458 | 9498 | 7431 | 10 614 |
| Total non-current assets | 325 402 | 295 643 | 300 087 | 256 281 | 229 302 | 204 281 | 184 591 | 368 989 | 337 566 | 319 305 |
| Total assets | 391 005 | 317 148 | 309 301 | 266 544 | 239 680 | 218 214 | 202 049 | 378 487 | 344 997 | 329 919 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 172 200 | 140 313 | 181 299 | 633 950 | 311 529 | 28 393 | 9032 | 13 886 | 9712 | 11 932 |
| Non-current liabilities | 338 699 | 410 879 | 431 969 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 510 899 | 551 192 | 613 268 | 633 950 | 311 529 | 28 393 | 9032 | 13 886 | 9712 | 11 932 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -122 694 | -114 150 | -69 923 | -63 439 | 295 557 | -15 530 | 3196 | -24 141 | -28 639 | -17 298 |
| Total equity | -119 894 | -234 044 | -303 967 | -367 406 | -71 849 | 189 821 | 193 017 | 364 601 | 335 285 | 317 987 |
| Income statement | ||||||||||
| Sales revenue | 18 984 | 102 726 | 29 217 | 38 470 | 32 474 | 21 894 | 36 379 | 56 683 | 49 447 | 54 896 |
| Operating profit | -122 694 | -114 150 | -61 474 | -56 872 | 301 802 | -15 380 | 3303 | -24 086 | -27 503 | -17 054 |
| Profit before income tax | -122 694 | -114 150 | -67 181 | -61 940 | 296 157 | -15 530 | 3246 | -24 141 | -28 639 | -17 248 |
| Profit for the reporting year | -122 694 | -114 150 | -69 923 | -63 439 | 295 557 | -15 530 | 3196 | -24 141 | -28 639 | -17 298 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 9 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 677 | 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 Race Land Musa
Overview
SIA Race Land Musa (reg. no. 40103979291) is a limited liability company. The company was registered in 2016 and has been in the register for 10 years. Registered address: Rīga, Duntes iela 3.
Financial results
Revenue in 2025 was 54 896 €, up 11,0% on the previous year (49 447 €). From 2016 to 2025, revenue grew by an average of 12,5% per year. 2025 ended with a loss of 17 298 €. The company was profitable in 2 of the 10 published years. In 2025 the company had 1 employees. Revenue per employee was 54 896 €. At the end of 2025, total assets were 329 919 € and equity 317 987 € (96,4% of assets).
Management and owners
The company has one board member. The sole owner of the company is "Dundret Holding" SIA.
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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.