SIA Zemvalde ForestActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 105 601 € (2% 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 | 1 372 027 | 175 611 | 37 587 | 68 818 | 397 434 |
| Total non-current assets | 2 730 628 | 13 579 646 | 17 151 490 | 17 467 438 | 18 223 988 |
| Total assets | 4 102 655 | 13 755 257 | 17 189 077 | 17 536 256 | 18 621 422 |
| Balance sheet — liabilities and equity | |||||
| Current liabilities | 2 190 179 | 9 102 109 | 9696 | 11 462 | 14 680 |
| Non-current liabilities | 0 | 0 | 11 424 819 | 12 444 631 | 14 017 432 |
| Total liabilities | 2 190 179 | 9 102 109 | 11 434 515 | 12 456 093 | 14 032 112 |
| Share capital | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — |
| Profit for the year | -337 709 | -732 458 | -1 431 668 | -547 100 | -385 252 |
| Total equity | 1 912 476 | 4 653 148 | 5 754 562 | 5 080 163 | 4 589 310 |
| Income statement | |||||
| Sales revenue | 0 | 34 046 | 47 187 | 307 499 | 536 564 |
| Operating profit | -380 907 | -539 762 | -678 137 | 535 562 | 517 550 |
| Profit before income tax | -337 709 | -732 393 | -1 431 668 | -547 100 | -385 252 |
| Profit for the reporting year | -337 709 | -732 458 | -1 431 668 | -547 100 | -385 252 |
| Labour costs | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — |
| Other indicators | |||||
| Employees | 1 | 1 | 1 | 2 | 2 |
| Calculated dividend | — | 0 | 0 | 127 299 | 105 601 |
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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- SIA "Zemvalda land management holdings 1"
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Summary: SIA Zemvalde Forest
Overview
SIA Zemvalde Forest (reg. no. 40203285071) is a limited liability company. The company was registered in 2021 and has been in the register for 5 years. Registered address: Smiltenes nov., Smiltene, Kalna iela 8.
Financial results
Revenue in 2025 was 536 564 €, up 74,5% on the previous year (307 499 €). This is the company's highest revenue among the published years (2021–2025). 2025 ended with a loss of 385 252 €. The company made a loss in all 5 published years. In 2025 the company had 2 employees. Revenue per employee was 268 282 €. At the end of 2025, total assets were 18 621 422 € and equity 4 589 310 € (24,6% of assets).
Management and owners
The company has one board member. The sole owner of the company is INVL Alternative Assets Umbrella Fund, SCSp SICAV-RAIF.
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.