SIA Grandem groupActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 47 500 € (49% 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 | 298 | 20 309 | 22 798 | 34 805 | 33 226 | 16 585 | 18 914 | 60 836 | 60 033 | 140 888 |
| Total non-current assets | 280 | 1952 | 8678 | 9195 | 8109 | 12 618 | 17 136 | 40 937 | 79 547 | 61 781 |
| Total assets | 578 | 22 261 | 31 476 | 44 000 | 41 335 | 29 203 | 36 050 | 101 773 | 139 580 | 202 669 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 1799 | 5952 | 3291 | 3828 | 24 363 | 23 078 | 12 918 | 12 138 | 21 107 | 39 095 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 658 | 17 924 |
| Total liabilities | 1799 | 5952 | 3291 | 3828 | 24 363 | 23 078 | 12 918 | 12 138 | 42 765 | 57 019 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -4021 | 17 530 | 25 384 | 11 987 | -23 200 | -10 847 | 20 007 | 66 503 | 14 780 | 96 335 |
| Total equity | -1221 | 16 309 | 28 185 | 40 172 | 16 972 | 6125 | 23 132 | 89 635 | 96 815 | 145 650 |
| Income statement | ||||||||||
| Sales revenue | 20 987 | 65 957 | 90 519 | 77 273 | 160 502 | 158 809 | 247 072 | 407 691 | 397 684 | 855 894 |
| Operating profit | -4021 | 20 027 | 25 430 | 12 042 | -23 177 | -10 847 | 20 848 | 66 718 | 15 997 | 97 444 |
| Profit before income tax | -4021 | 20 027 | 25 430 | 12 042 | -23 177 | -10 847 | 20 848 | 66 718 | 14 780 | 96 335 |
| Profit for the reporting year | -4021 | 17 530 | 25 384 | 11 987 | -23 200 | -10 847 | 20 007 | 66 503 | 14 780 | 96 335 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 1 | 1 | 2 | 3 | 3 | 4 | 7 | 7 | 8 | 10 |
| Calculated dividend | — | 0 | 13 508 | 0 | 0 | 0 | 3000 | 0 | 7600 | 47 500 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Connections graph
Click a node to see its other connections.
Related companies
Summary: SIA Grandem group
Overview
SIA Grandem group (reg. no. 40103998042) is a limited liability company. The company was registered in 2016 and has been in the register for 10 years. Registered address: Jūrmala, Puķu iela 52.
Financial results
Revenue in 2025 was 855 894 €, up 115% on the previous year (397 684 €). From 2016 to 2025, revenue grew by an average of 51,0% per year. This is the company's highest revenue among the published years (2016–2025). Net profit for 2025 was 96 335 € (11,3% of revenue). The company was profitable in 7 of the 10 published years. In 2025 the company had 10 employees (8 a year earlier). Revenue per employee was 85 589 €. At the end of 2025, total assets were 202 669 € and equity 145 650 € (71,9% 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.