POLAR CONCEPT SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 223 634 € (22% 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 | 77 813 | 85 241 | 82 149 | 98 916 | 1 109 590 | 741 680 | 717 439 | 704 035 | 905 182 | 858 229 |
| Total non-current assets | 0 | 14 168 | 23 065 | 18 060 | 63 515 | 128 077 | 126 565 | 268 180 | 270 341 | 377 720 |
| Total assets | 77 813 | 99 409 | 105 214 | 116 976 | 1 173 105 | 869 757 | 844 004 | 972 215 | 1 175 523 | 1 235 949 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 20 403 | 25 852 | 63 859 | 66 300 | 17 824 | 55 894 | 64 378 | 117 346 | 138 643 | 148 646 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 20 403 | 25 852 | 63 859 | 66 300 | 17 824 | 55 894 | 64 378 | 117 346 | 138 643 | 148 646 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 54 610 | 16 147 | 38 555 | 9321 | 1 152 481 | 27 082 | 50 263 | 188 243 | 323 012 | 274 057 |
| Total equity | 57 410 | 73 557 | 41 355 | 50 676 | 1 155 281 | 813 863 | 779 626 | 854 869 | 1 036 880 | 1 087 303 |
| Income statement | ||||||||||
| Sales revenue | 165 671 | 225 773 | 379 208 | 226 103 | 2 398 086 | 748 603 | 831 652 | 1 342 743 | 1 338 606 | 1 472 088 |
| Operating profit | 64 250 | 18 217 | 38 555 | 9321 | 1 166 300 | 116 473 | 68 430 | 215 098 | 354 042 | 298 799 |
| Profit before income tax | 64 250 | 18 217 | 38 555 | 9321 | 1 166 300 | 119 232 | 71 419 | 216 500 | 358 262 | 307 001 |
| Profit for the reporting year | 54 610 | 16 147 | 38 555 | 9321 | 1 152 481 | 27 082 | 50 263 | 188 243 | 323 012 | 274 057 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 3 | 3 | 5 | 2 | 2 | 2 | 3 | 3 | 4 | 4 |
| Calculated dividend | — | 0 | 70 757 | 0 | 47 876 | 368 500 | 84 500 | 113 000 | 141 001 | 223 634 |
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: POLAR CONCEPT SIA
Overview
POLAR CONCEPT SIA (reg. no. 40103991646) is a limited liability company. The company was registered in 2016 and has been in the register for 10 years. Registered address: Rīga, Pērnavas iela 5.
Financial results
Revenue in 2025 was 1 472 088 €, up 10,0% on the previous year (1 338 606 €). From 2016 to 2025, revenue grew by an average of 27,5% per year. Net profit for 2025 was 274 057 € (18,6% of revenue). The company was profitable in all 10 published years. In 2025 the company had 4 employees. Revenue per employee was 368 022 €. At the end of 2025, total assets were 1 235 949 € and equity 1 087 303 € (88,0% 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.