SIA "VARENO 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 | 265 028 | 772 912 | 837 875 | 1 909 977 | 2 253 727 | 1 596 975 | 1 044 274 | 1 672 774 |
| Total non-current assets | 7833 | 12 374 | 35 439 | 54 253 | 45 755 | 32 490 | 31 856 | 55 407 |
| Total assets | 272 861 | 785 286 | 873 314 | 1 964 230 | 2 299 482 | 1 629 465 | 1 076 130 | 1 728 181 |
| Balance sheet — liabilities and equity | ||||||||
| Current liabilities | 0 | 449 654 | 509 222 | 1 556 103 | 2 199 328 | 1 069 145 | 514 182 | 881 046 |
| Non-current liabilities | 5975 | 0 | 13 841 | 9689 | 5625 | 1487 | 0 | 21 800 |
| Total liabilities | 5975 | 449 654 | 523 063 | 1 565 792 | 2 204 953 | 1 070 632 | 514 182 | 902 846 |
| Share capital | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — |
| Profit for the year | 66 886 | 74 739 | 14 618 | 48 187 | -303 909 | 464 304 | 103 114 | 263 386 |
| Total equity | 266 886 | 335 632 | 350 251 | 398 438 | 94 529 | 558 833 | 561 948 | 825 335 |
| Income statement | ||||||||
| Sales revenue | 104 381 | 1 630 859 | 1 679 875 | 5 389 506 | 5 202 107 | 7 488 288 | 3 476 432 | 3 567 458 |
| Operating profit | 67 189 | 73 841 | 14 985 | 51 950 | -272 350 | 635 779 | 141 958 | 299 016 |
| Profit before income tax | 66 886 | 74 767 | 14 638 | 48 187 | -280 092 | 625 210 | 141 746 | 297 549 |
| Profit for the reporting year | 66 886 | 74 739 | 14 618 | 48 187 | -303 909 | 464 304 | 103 114 | 263 386 |
| Labour costs | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||
| Employees | 2 | 5 | 12 | 25 | 14 | 18 | 15 | 20 |
| Calculated dividend | — | 5993 | 0 | 0 | 0 | 0 | 99 999 | 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 "VARENO GROUP"
Overview
SIA "VARENO GROUP" (reg. no. 40203150280) is a limited liability company. The company was registered in 2018 and has been in the register for 8 years. Registered address: Dobeles nov., Dobele, Spodrības iela 1.
Financial results
Revenue in 2025 was 3 567 458 €, up 2,6% on the previous year (3 476 432 €). From 2018 to 2025, revenue grew by an average of 65,6% per year. Net profit for 2025 was 263 386 € (7,4% of revenue). The company was profitable in 7 of the 8 published years. In 2025 the company had 20 employees (15 a year earlier). Revenue per employee was 178 373 €. At the end of 2025, total assets were 1 728 181 € and equity 825 335 € (47,8% of assets).
Management and owners
The board has 3 members. According to the register, the company has 2 owners. The largest stake (51%) is held by 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.