SIA "Frontier Workshops"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 65 000 € (20% 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 statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Balance sheet — assets | |||||
| Total current assets | 73 494 | 127 476 | 105 694 | 312 223 | 342 972 |
| Total non-current assets | 56 250 | 83 310 | 76 886 | 118 017 | 87 716 |
| Total assets | 129 744 | 210 786 | 182 580 | 430 240 | 430 688 |
| Balance sheet — liabilities and equity | |||||
| Current liabilities | 16 355 | 26 288 | 73 552 | 93 361 | 109 363 |
| Non-current liabilities | 1079 | 13 496 | 9390 | 6526 | 1742 |
| Total liabilities | 17 434 | 39 784 | 82 942 | 99 887 | 111 105 |
| Share capital | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — |
| Profit for the year | 109 510 | 108 192 | -10 363 | 281 515 | 54 230 |
| Total equity | 112 310 | 171 002 | 99 638 | 330 353 | 319 583 |
| Income statement | |||||
| Sales revenue | 418 029 | 613 672 | 673 002 | 1 097 802 | 1 104 992 |
| Operating profit | 109 842 | 122 006 | 7485 | 294 237 | 70 748 |
| Profit before income tax | 109 510 | 120 586 | 4914 | 294 237 | 70 748 |
| Profit for the reporting year | 109 510 | 108 192 | -10 363 | 281 515 | 54 230 |
| Labour costs | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — |
| Other indicators | |||||
| Employees | 7 | 12 | 17 | 18 | 21 |
| Calculated dividend | — | 49 500 | 61 001 | 50 800 | 65 000 |
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 "Frontier Workshops"
Overview
SIA "Frontier Workshops" (reg. no. 40203264686) is a limited liability company. The company was registered in 2020 and has been in the register for 6 years. Registered address: Rīga, Hugo Celmiņa iela 4 - 28.
Financial results
Revenue in 2025 was 1 104 992 €, up 0,7% on the previous year (1 097 802 €). From 2021 to 2025, revenue grew by an average of 27,5% per year. This is the company's highest revenue among the published years (2021–2025). Net profit for 2025 was 54 230 € (4,9% of revenue). The company was profitable in 4 of the 5 published years. In 2025 the company had 21 employees (18 a year earlier). Revenue per employee was 52 619 €. At the end of 2025, total assets were 430 688 € and equity 319 583 € (74,2% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) 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.