SIA B88 Construction GroupActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2018–2025
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||
| Total current assets | 9927 | 23 587 | 85 079 | 84 305 | 137 117 | 247 272 | 416 721 | 450 535 |
| Total non-current assets | 0 | 15 450 | 18 752 | 12 714 | 77 436 | 61 434 | 54 653 | 29 944 |
| Total assets | 9927 | 39 037 | 103 831 | 97 019 | 214 553 | 308 706 | 471 374 | 480 479 |
| Balance sheet — liabilities and equity | ||||||||
| Current liabilities | 3273 | 6808 | 22 768 | 44 705 | 94 194 | 175 753 | 299 237 | 262 857 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 41 128 | 25 021 | 30 005 | 74 981 |
| Total liabilities | 3273 | 6808 | 22 768 | 44 705 | 135 322 | 200 774 | 329 242 | 337 838 |
| Share capital | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — |
| Profit for the year | 6644 | 25 575 | 48 834 | -28 749 | 26 917 | 27 809 | 34 200 | 509 |
| Total equity | 6654 | 32 229 | 81 063 | 52 314 | 79 231 | 107 932 | 142 132 | 142 641 |
| Income statement | ||||||||
| Sales revenue | 39 969 | 242 970 | 648 253 | 605 321 | 1 247 752 | 1 422 617 | 2 153 534 | 1 100 289 |
| Operating profit | 6644 | 25 575 | 49 046 | -28 331 | 26 917 | 27 809 | 35 299 | 1513 |
| EBITDA | 6644 | 25 575 | 55 084 | -22 293 | 42 919 | 43 811 | 60 008 | 26 222 |
| Profit before income tax | 6644 | 25 575 | 48 834 | -28 749 | 26 917 | 27 809 | 34 200 | 509 |
| Profit for the reporting year | 6644 | 25 575 | 48 834 | -28 749 | 26 917 | 27 809 | 34 200 | 509 |
| Labour costs | 25 800 | 28 870 | 86 027 | 147 707 | 194 979 | 236 624 | 463 330 | 278 834 |
| Depreciation of non-current assets | 0 | 0 | 6038 | 6038 | 16 002 | 16 002 | 24 709 | 24 709 |
| Other indicators | ||||||||
| Employees | 4 | 10 | 10 | 10 | 12 | 25 | 30 | 19 |
| Calculated dividend | — | 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 B88 Construction Group
Overview
SIA B88 Construction Group (reg. no. 40203119075) is a limited liability company. The company was registered in 2018 and has been in the register for 8 years. Registered address: Rīga, Elijas iela 17 - 5.
Financial results
Revenue in 2025 was 1 100 289 €, down 48,9% on the previous year (2 153 534 €). From 2018 to 2025, revenue grew by an average of 60,6% per year. Net profit for 2025 was 509 € (0,0% of revenue). The company was profitable in 7 of the 8 published years. In 2025 the company had 19 employees (30 a year earlier). Revenue per employee was 57 910 €. At the end of 2025, total assets were 480 479 € and equity 142 641 € (29,7% 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.