SIA "Timber Technology Development"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2017–2025
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||
| Total current assets | 857 | 381 | 73 | 95 | 129 950 | 111 317 | 90 431 | 112 125 | 156 945 |
| Total non-current assets | 0 | 0 | 0 | 0 | 7867 | 124 589 | 96 297 | 42 710 | 43 896 |
| Total assets | 857 | 381 | 73 | 95 | 137 817 | 235 906 | 186 728 | 154 835 | 200 841 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 773 | 2238 | 1985 | 2009 | 137 937 | 202 325 | 136 219 | 142 542 | 192 809 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 773 | 2238 | 1985 | 2009 | 137 937 | 202 325 | 136 219 | 142 542 | 192 809 |
| Share capital | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — |
| Profit for the year | -16 | -1941 | -55 | -2 | 1794 | 31 001 | 16 928 | -38 216 | -4262 |
| Total equity | 84 | -1857 | -1912 | -1914 | -120 | 33 581 | 50 509 | 12 293 | 8032 |
| Income statement | |||||||||
| Sales revenue | 3029 | 12 294 | 4188 | 121 | 695 890 | 1 447 723 | 1 961 214 | 957 409 | 934 518 |
| Operating profit | -16 | -1941 | -55 | -2 | 15 895 | 65 279 | 80 516 | -17 407 | 30 559 |
| Profit before income tax | -16 | -1941 | -55 | -2 | 1794 | 33 701 | 16 928 | -38 216 | -4262 |
| Profit for the reporting year | -16 | -1941 | -55 | -2 | 1794 | 31 001 | 16 928 | -38 216 | -4262 |
| Labour costs | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||
| Employees | 1 | 1 | 1 | 1 | 3 | 3 | 4 | 3 | 3 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 "Timber Technology Development"
Overview
SIA "Timber Technology Development" (reg. no. 40203101389) is a limited liability company. The company was registered in 2017 and has been in the register for 9 years. Registered address: Tukuma nov., Tumes pag., Tume, "Mārstrauti".
Financial results
Revenue in 2025 was 934 518 €, down 2,4% on the previous year (957 409 €). From 2017 to 2025, revenue grew by an average of 105% per year. 2025 ended with a loss of 4262 €. The company was profitable in 3 of the 9 published years. In 2025 the company had 3 employees. Revenue per employee was 311 506 €. At the end of 2025, total assets were 200 841 € and equity 8032 € (4,0% 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.