SIA "Ax Group"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2018–2025
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||
| Total current assets | 9867 | 12 700 | 4214 | 30 190 | 44 543 | 26 606 | 43 262 | 66 983 |
| Total non-current assets | 1074 | 45 903 | 15 654 | 13 431 | 159 641 | 241 947 | 202 486 | 109 588 |
| Total assets | 10 941 | 58 603 | 19 868 | 43 621 | 204 184 | 268 553 | 245 748 | 176 571 |
| Balance sheet — liabilities and equity | ||||||||
| Current liabilities | 3424 | 62 615 | 44 916 | 41 991 | 65 890 | 58 289 | 75 864 | 96 657 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 59 101 | 116 659 | 135 363 | 63 641 |
| Total liabilities | 3424 | 62 615 | 44 916 | 41 991 | 124 991 | 174 948 | 211 227 | 160 298 |
| Share capital | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — |
| Profit for the year | -3273 | -11 528 | -21 036 | 26 677 | 77 564 | 14 412 | -43 597 | -18 248 |
| Total equity | 7517 | -4012 | -25 048 | 1630 | 79 193 | 93 605 | 34 521 | 16 273 |
| Income statement | ||||||||
| Sales revenue | 17 600 | 147 157 | 71 088 | 104 773 | 272 121 | 347 312 | 602 323 | 393 933 |
| Operating profit | -3273 | -11 528 | -21 036 | 26 677 | 77 564 | 20 187 | -33 980 | -11 618 |
| Profit before income tax | -3273 | -11 528 | -21 036 | 26 677 | 77 564 | 14 412 | -43 597 | -18 248 |
| Profit for the reporting year | -3273 | -11 528 | -21 036 | 26 677 | 77 564 | 14 412 | -43 597 | -18 248 |
| Labour costs | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||
| Employees | 3 | 9 | 10 | 3 | 3 | 3 | 6 | 10 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 15 487 | 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 "Ax Group"
Overview
SIA "Ax Group" (reg. no. 40203088610) is a limited liability company. The company was registered in 2017 and has been in the register for 9 years. Registered address: Jūrmala, Mežaparka prospekts 1 - 2.
Financial results
Revenue in 2025 was 393 933 €, down 34,6% on the previous year (602 323 €). From 2018 to 2025, revenue grew by an average of 55,9% per year. 2025 ended with a loss of 18 248 €. The company was profitable in 3 of the 8 published years. In 2025 the company had 10 employees (6 a year earlier). Revenue per employee was 39 393 €. At the end of 2025, total assets were 176 571 € and equity 16 273 € (9,2% 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.