New Hanza Utilities, SIAActive

40203317752Limited liability companyFounded 2021

Key figures

918 107 €+17,3%
Revenue 2025
+64,3%
Average annual growth 2021–2025
0250 k500 k750 k1 m20212022202320242025

Ratios

2025
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
0100 k200 k300 k20212022202320242025
Summary of financial statements2021–2025
20212022202320242025
Balance sheet — assets
Total current assets70 160222 210137 415165 103229 909
Total non-current assets000013 547
Total assets70 160222 210137 415165 103243 456
Balance sheet — liabilities and equity
Current liabilities53 600202 98089 71395 196106 979
Non-current liabilities00007710
Total liabilities53 600202 98089 71395 196114 689
Share capital—————
Retained earnings of previous periods—————
Profit for the year-3440-57 330-71 52822 20558 860
Total equity16 56019 23047 70269 907128 767
Income statement
Sales revenue126 136509 023584 656782 672918 107
Operating profit-3440-56 717-69 31720 76757 605
Profit before income tax-3440-57 280-71 49422 21858 860
Profit for the reporting year-3440-57 330-71 52822 20558 860
Labour costs—————
Depreciation of non-current assets—————
Other indicators
Employees00101
Calculated dividend—0000

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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100%New Hanza Utilities, …Pillar Development, S…1Buivids Viesturs1Grantiņš Normunds9+Miļūns Edgars
CompanyPersonShareholderOther roleAdditional link

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Summary: New Hanza Utilities, SIA

Overview

New Hanza Utilities, SIA (reg. no. 40203317752) is a limited liability company. The company was registered in 2021 and has been in the register for 5 years. Registered address: Rīga, Pulkveža Brieža iela 28A.

Financial results

Revenue in 2025 was 918 107 €, up 17,3% on the previous year (782 672 €). From 2021 to 2025, revenue grew by an average of 64,3% per year. This is the company's highest revenue among the published years (2021–2025). Net profit for 2025 was 58 860 € (6,4% of revenue). The company was profitable in 2 of the 5 published years. In 2025 the company had 1 employees (0 a year earlier). Revenue per employee was 918 107 €. At the end of 2025, total assets were 243 456 € and equity 128 767 € (52,9% of assets).

Management and owners

The board has 3 members. The sole owner of the company is Pillar Development, SIA.

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.