Baltic Renewables Latvia SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 486 627 € (99% of equity at the end of the previous year).
Low confidence: the company does not file a cash flow statement, so the amount is an estimate from changes in equity — it may also include other reductions of equity (e.g. a share capital reduction).
Summary of financial statements2020–2025
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 2194 | 4567 | 19 924 | 1 322 573 | 562 759 | 549 527 |
| Total non-current assets | 2152 | 11 619 | 0 | 0 | 1070 | 50 505 |
| Total assets | 4346 | 16 186 | 19 924 | 1 322 573 | 563 829 | 600 032 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 363 | 0 | 0 | 27 588 | 64 968 | 29 790 |
| Non-current liabilities | 16 500 | 48 317 | 84 681 | 521 184 | 9434 | 9434 |
| Total liabilities | 16 863 | 48 317 | 84 681 | 548 772 | 74 402 | 39 224 |
| Share capital | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — |
| Profit for the year | -15 317 | -19 614 | -32 626 | 838 558 | 486 627 | 558 008 |
| Total equity | -12 517 | -32 131 | -64 757 | 773 801 | 489 427 | 560 808 |
| Income statement | ||||||
| Sales revenue | 0 | 0 | 0 | 36 948 | 2 193 643 | 329 354 |
| Operating profit | -28 565 | -37 539 | -43 874 | -1 494 969 | 1 434 001 | -79 269 |
| Profit before income tax | -15 317 | -19 564 | -32 626 | 1 912 383 | 1 434 001 | 5 436 381 |
| Profit for the reporting year | -15 317 | -19 614 | -32 626 | 838 558 | 486 627 | 558 008 |
| Labour costs | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — |
| Other indicators | ||||||
| Employees | 0 | 0 | 1 | 1 | 2 | 1 |
| Calculated dividend | — | 0 | 0 | 0 | 771 001 | 486 627 |
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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Related companies
- Baltic Renewables Latvia 12 SIA — 100%
- Talsi RE SIA — 100%
- BM Baltic Renewables SIA — 50%
- HD Baltic Renewables SIA — 50%
- LBR Renewables SIA — 50%
Summary: Baltic Renewables Latvia SIA
Overview
Baltic Renewables Latvia SIA (reg. no. 40203229549) is a limited liability company. The company was registered in 2019 and has been in the register for 7 years. Registered address: Rīga, Krišjāņa Valdemāra iela 21 - 11.
Financial results
Revenue in 2025 was 329 354 €, down 85,0% on the previous year (2 193 643 €). Net profit for 2025 was 558 008 € (169% of revenue). The company was profitable in 3 of the 6 published years. In 2025 the company had 1 employees (2 a year earlier). Revenue per employee was 329 354 €. At the end of 2025, total assets were 600 032 € and equity 560 808 € (93,5% of assets).
Management and owners
The board has 3 members. The sole owner of the company is Baltic Renewables ApS. The company holds stakes in 5 active Latvian companies.
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.