SIA "EcoHeat Technologies"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 | 126 496 | 1 188 350 | 1 272 348 | 1 747 123 | 2 454 359 | 2 817 927 | 2 744 973 | 4 299 775 |
| Total non-current assets | 136 965 | 318 863 | 377 141 | 358 935 | 333 147 | 594 505 | 546 070 | 757 223 |
| Total assets | 263 461 | 1 507 213 | 1 649 489 | 2 106 058 | 2 787 506 | 3 412 432 | 3 291 043 | 5 056 998 |
| Balance sheet — liabilities and equity | ||||||||
| Current liabilities | 298 640 | 1 412 800 | 1 497 765 | 940 874 | 1 672 547 | 1 917 483 | 2 169 072 | 2 311 339 |
| Non-current liabilities | 69 200 | 0 | 101 177 | 540 545 | 175 863 | 477 073 | 0 | 1 223 483 |
| Total liabilities | 367 840 | 1 412 800 | 1 598 942 | 1 481 419 | 1 848 410 | 2 394 556 | 2 169 072 | 3 534 822 |
| Share capital | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — |
| Profit for the year | -119 379 | 198 792 | 27 340 | 574 092 | 314 457 | 78 780 | 104 095 | 400 205 |
| Total equity | -104 379 | 94 413 | 50 547 | 624 639 | 939 096 | 1 017 876 | 1 121 971 | 1 522 176 |
| Income statement | ||||||||
| Sales revenue | 138 448 | 2 561 889 | 2 937 863 | 4 080 585 | 5 340 863 | 4 975 719 | 6 046 886 | 8 643 463 |
| Operating profit | -119 267 | 239 737 | 43 783 | 599 553 | 366 196 | 159 472 | 248 011 | 463 771 |
| EBITDA | -114 734 | 289 863 | — | — | — | — | — | — |
| Profit before income tax | -119 267 | 212 977 | 36 349 | 574 725 | 317 344 | 79 867 | 112 949 | 409 428 |
| Profit for the reporting year | -119 379 | 198 792 | 27 340 | 574 092 | 314 457 | 78 780 | 104 095 | 400 205 |
| Labour costs | 93 069 | 417 921 | — | — | — | — | — | — |
| Depreciation of non-current assets | 4533 | 50 126 | — | — | — | — | — | — |
| Other indicators | ||||||||
| Employees | 17 | 57 | 57 | 49 | 46 | 46 | 46 | 81 |
| Calculated dividend | — | 0 | 71 206 | 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 "EcoHeat Technologies"
Overview
SIA "EcoHeat Technologies" (reg. no. 40203155061) is a limited liability company. The company was registered in 2018 and has been in the register for 8 years. Registered address: Jelgava, Rubeņu ceļš 2B.
Financial results
Revenue in 2025 was 8 643 463 €, up 42,9% on the previous year (6 046 886 €). From 2018 to 2025, revenue grew by an average of 80,5% per year. This is the company's highest revenue among the published years (2018–2025). Net profit for 2025 was 400 205 € (4,6% of revenue). The company was profitable in 7 of the 8 published years. In 2025 the company had 81 employees (46 a year earlier). Revenue per employee was 106 709 €. At the end of 2025, total assets were 5 056 998 € and equity 1 522 176 € (30,1% of assets).
Management and owners
The company has one board member. The sole owner of the company is SIA "EcoHeat Holdings".
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.