SIA "Brasa Defence Systems"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 300 328 € (29% 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 statements2022–2025
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Balance sheet — assets | ||||
| Total current assets | 1 794 359 | 3 172 789 | 2 908 086 | 9 853 464 |
| Total non-current assets | 46 084 | 51 391 | 105 216 | 416 037 |
| Total assets | 1 840 443 | 3 224 180 | 3 013 302 | 10 269 501 |
| Balance sheet — liabilities and equity | ||||
| Current liabilities | 1 488 344 | 2 387 540 | 1 971 630 | 6 064 041 |
| Non-current liabilities | 0 | 0 | 0 | 0 |
| Total liabilities | 1 488 344 | 2 387 540 | 1 971 630 | 6 064 041 |
| Share capital | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — |
| Profit for the year | 318 936 | 484 541 | 205 032 | 3 464 116 |
| Total equity | 352 099 | 836 640 | 1 041 672 | 4 205 460 |
| Income statement | ||||
| Sales revenue | 6 408 373 | 11 019 885 | 11 001 666 | 18 274 859 |
| Operating profit | 354 782 | 504 453 | 212 959 | 3 578 255 |
| Profit before income tax | 319 344 | 488 387 | 205 862 | 3 545 993 |
| Profit for the reporting year | 318 936 | 484 541 | 205 032 | 3 464 116 |
| Labour costs | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — |
| Other indicators | ||||
| Employees | 32 | 43 | 46 | 58 |
| Calculated dividend | — | 0 | 0 | 300 328 |
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 "Brasa Defence Systems"
Overview
SIA "Brasa Defence Systems" (reg. no. 40203370378) is a limited liability company. The company was registered in 2021 and has been in the register for 4 years. Registered address: Mārupes nov., Mārupe, Plieņciema iela 16.
Financial results
Revenue in 2025 was 18 274 859 €, up 66,1% on the previous year (11 001 666 €). From 2022 to 2025, revenue grew by an average of 41,8% per year. This is the company's highest revenue among the published years (2022–2025). Net profit for 2025 was 3 464 116 € (19,0% of revenue). The company was profitable in all 4 published years. In 2025 the company had 58 employees (46 a year earlier). Revenue per employee was 315 084 €. At the end of 2025, total assets were 10 269 501 € and equity 4 205 460 € (41,0% of assets).
Management and owners
The board has 2 members. The sole owner of the company is AS Vector IP. 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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.