AS "New Time City"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 150 000 € (44% 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 statements2017–2025
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||
| Total current assets | 23 762 | 17 989 | 4 614 517 | 4 796 130 | 129 675 | 7828 | 167 478 | 7883 | 7177 |
| Total non-current assets | 17 691 | 23 364 | 7 705 156 | 8 264 225 | 384 491 | 504 491 | 458 191 | 458 191 | 458 191 |
| Total assets | 41 453 | 41 353 | 12 319 673 | 13 060 355 | 514 166 | 512 319 | 625 669 | 466 074 | 465 368 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 5896 | 6092 | 2 056 156 | 1 630 747 | 1139 | 1321 | 1139 | 1247 | 1308 |
| Non-current liabilities | 0 | 0 | 5 019 132 | 5 372 121 | 360 000 | 360 000 | 283 631 | 124 731 | 124 731 |
| Total liabilities | 5896 | 6092 | 7 075 288 | 7 002 868 | 361 139 | 361 321 | 284 770 | 125 978 | 126 039 |
| Share capital | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — |
| Profit for the year | -443 | -296 | 896 114 | 813 102 | 941 | -2028 | 189 901 | -803 | 149 233 |
| Total equity | 35 557 | 35 261 | 5 244 385 | 6 057 487 | 153 027 | 150 998 | 340 899 | 340 096 | 339 329 |
| Income statement | |||||||||
| Sales revenue | 0 | 0 | 7 132 144 | 7 626 666 | 0 | 0 | 0 | 0 | 0 |
| Operating profit | -443 | -246 | 1 051 363 | 947 848 | -1582 | -4548 | -11 019 | -2137 | -2097 |
| Profit before income tax | -443 | -246 | 897 349 | 814 207 | 991 | -1978 | 189 951 | -753 | 149 283 |
| Profit for the reporting year | -443 | -296 | 896 114 | 813 102 | 941 | -2028 | 189 901 | -803 | 149 233 |
| Labour costs | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||
| Employees | 0 | 0 | 119 | 108 | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | — | 0 | 0 | 0 | 5 905 401 | 0 | 0 | 0 | 150 000 |
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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Summary: AS "New Time City"
Overview
AS "New Time City" (reg. no. 40203013194) is a joint-stock company. The company was registered in 2016 and has been in the register for 10 years. Registered address: Alūksnes nov., Jaunlaicenes pag., "Galdusalas 1".
Financial results
There was no revenue in 2025. Net profit for 2025 was 149 233 €. The company was profitable in 5 of the 9 published years. According to the report, the company had no employees in 2025. At the end of 2025, total assets were 465 368 € and equity 339 329 € (72,9% of assets).
Management and owners
The board has 3 members. The company holds stakes in 3 active Latvian companies.
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.