SIA Vestman Zemes FondsActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 30 089 | 5734 | 638 861 | 1 053 625 | 1 440 517 | 2 917 892 | 239 540 |
| Total non-current assets | 187 759 | 635 651 | 5 787 000 | 11 590 000 | 14 100 311 | 5 444 775 | 8 433 455 |
| Total assets | 217 848 | 641 385 | 6 425 861 | 12 643 625 | 15 540 828 | 8 362 667 | 8 672 995 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 1735 | 10 031 | 35 285 | 67 580 | 1 142 435 | 196 202 | 2 643 944 |
| Non-current liabilities | 202 939 | 340 739 | 5 710 088 | 9 311 495 | 9 827 287 | 4 005 848 | 1 843 526 |
| Total liabilities | 204 674 | 350 770 | 5 745 373 | 9 379 075 | 10 969 722 | 4 202 050 | 4 487 470 |
| Share capital | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — |
| Profit for the year | 10 374 | 277 441 | 389 873 | 2 584 062 | 21 224 | -348 013 | 12 784 |
| Total equity | 13 174 | 290 615 | 680 488 | 3 264 550 | 4 571 106 | 4 160 617 | 4 185 525 |
| Income statement | |||||||
| Sales revenue | 21 530 | 314 447 | 19 124 | 307 732 | 176 841 | 86 487 | 27 636 |
| Operating profit | 11 313 | 286 516 | 456 599 | 2 896 967 | 482 710 | -175 599 | 8193 |
| EBITDA | — | — | 456 599 | 2 896 967 | 485 371 | -173 191 | — |
| Profit before income tax | 10 374 | 278 959 | 394 671 | 2 584 062 | 21 224 | -348 013 | 12 784 |
| Profit for the reporting year | 10 374 | 277 441 | 389 873 | 2 584 062 | 21 224 | -348 013 | 12 784 |
| Labour costs | — | — | 10 995 | 17 537 | 34 843 | 8108 | — |
| Depreciation of non-current assets | — | — | 0 | 0 | 2661 | 2408 | — |
| Other indicators | |||||||
| Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 62 476 | 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 Vestman Zemes Fonds
Overview
SIA Vestman Zemes Fonds (reg. no. 40203199969) is a limited liability company. The company was registered in 2019 and has been in the register for 7 years. Registered address: Rīga, Blaumaņa iela 10 - 4.
Financial results
Revenue in 2025 was 27 636 €, down 68,0% on the previous year (86 487 €). From 2019 to 2025, revenue grew by an average of 4,2% per year. Net profit for 2025 was 12 784 € (46,3% of revenue). The company was profitable in 6 of the 7 published years. In 2025 the company had 1 employees. Revenue per employee was 27 636 €. At the end of 2025, total assets were 8 672 995 € and equity 4 185 525 € (48,3% of assets).
Management and owners
The board has 2 members. The sole owner of the company is Vestman Solar OU. The company holds a stake in one other active Latvian company.
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.