Sabiedrība ar ierobežotu atbildību "M Project"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 2000 € (<1% 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 | 12 654 | 111 662 | 98 185 | 53 032 | 62 872 | 281 393 | 159 735 | 334 928 | 366 097 |
| Total non-current assets | 2141 | 23 520 | 38 146 | 53 645 | 71 500 | 180 338 | 232 401 | 386 117 | 398 990 |
| Total assets | 14 795 | 135 182 | 136 331 | 106 677 | 134 372 | 461 731 | 392 136 | 721 045 | 765 087 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 0 | 32 402 | 23 408 | 30 211 | 19 264 | 164 309 | 19 173 | 60 687 | 75 263 |
| Non-current liabilities | 11 505 | 0 | 0 | 11 732 | 7988 | 24 435 | 12 851 | 6628 | 0 |
| Total liabilities | 11 505 | 32 402 | 23 408 | 41 943 | 27 252 | 188 744 | 32 024 | 67 315 | 75 263 |
| Share capital | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — |
| Profit for the year | 490 | 99 490 | 10 143 | -48 189 | 42 386 | 165 867 | 87 125 | 295 716 | 38 094 |
| Total equity | 3290 | 102 780 | 112 923 | 64 734 | 107 120 | 272 987 | 360 112 | 653 730 | 689 824 |
| Income statement | |||||||||
| Sales revenue | 13 082 | 581 916 | 578 220 | 392 246 | 383 232 | 918 337 | 1 134 297 | 1 026 024 | 976 972 |
| Operating profit | 490 | 99 628 | 10 143 | -47 604 | 42 875 | 166 242 | 88 259 | 296 136 | 39 050 |
| Profit before income tax | 490 | 99 628 | 10 143 | -48 189 | 42 386 | 165 867 | 87 125 | 296 118 | 38 594 |
| Profit for the reporting year | 490 | 99 490 | 10 143 | -48 189 | 42 386 | 165 867 | 87 125 | 295 716 | 38 094 |
| Labour costs | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||
| Employees | 8 | 16 | 24 | 14 | 7 | 8 | 8 | 6 | 7 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 2098 | 2000 |
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: Sabiedrība ar ierobežotu atbildību "M Project"
Overview
Sabiedrība ar ierobežotu atbildību "M Project" (reg. no. 40203088697) is a limited liability company. The company was registered in 2017 and has been in the register for 9 years. Registered address: Jūrmala, Edinburgas prospekts 15.
Financial results
Revenue in 2025 was 976 972 €, down 4,8% on the previous year (1 026 024 €). From 2017 to 2025, revenue grew by an average of 71,5% per year. Net profit for 2025 was 38 094 € (3,9% of revenue). The company was profitable in 8 of the 9 published years. In 2025 the company had 7 employees (6 a year earlier). Revenue per employee was 139 567 €. At the end of 2025, total assets were 765 087 € and equity 689 824 € (90,2% 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.