PS "Motival Development"Active
Key figures
Ratios
2022Balance sheet structure
Summary of financial statements2019–2022
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Balance sheet — assets | ||||
| Total current assets | 5897 | 45 531 | 6431 | 6995 |
| Total non-current assets | 1147 | 703 | 370 | 0 |
| Total assets | 7044 | 46 234 | 6801 | 6995 |
| Balance sheet — liabilities and equity | ||||
| Current liabilities | 102 017 | 102 254 | 38 555 | 11 821 |
| Non-current liabilities | 0 | 0 | 0 | 0 |
| Total liabilities | 102 017 | 102 254 | 38 555 | 11 821 |
| Share capital | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — |
| Profit for the year | -94 973 | 38 953 | 24 266 | 26 928 |
| Total equity | -94 973 | -56 020 | -31 754 | -4826 |
| Income statement | ||||
| Sales revenue | 1420 | 11 600 | 34 000 | 25 200 |
| Operating profit | -94 973 | 38 953 | 24 266 | 26 928 |
| Profit before income tax | -94 973 | 38 953 | 24 266 | 26 928 |
| Profit for the reporting year | -94 973 | 38 953 | 24 266 | 26 928 |
| Labour costs | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — |
| Other indicators | ||||
| Employees | 2 | 2 | 2 | 3 |
| Calculated dividend | — | 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: PS "Motival Development"
Overview
PS "Motival Development" (reg. no. 40203164789) is a general partnership. The company was registered in 2018 and has been in the register for 8 years. Registered address: Jūrmala, Grāvju iela 67.
Financial results
Revenue in 2022 was 25 200 €, down 25,9% on the previous year (34 000 €). From 2019 to 2022, revenue grew by an average of 161% per year. Net profit for 2022 was 26 928 € (107% of revenue). The company was profitable in 3 of the 4 published years. In 2022 the company had 3 employees (2 a year earlier). Revenue per employee was 8400 €.
Points to note
Equity was negative at the end of 2022 (-4826 €). The latest published annual report is for 2022.
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.