Ignitis renewables Latvia SIAActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2022–2025
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Balance sheet — assets | ||||
| Total current assets | 1 796 880 | 678 881 | 1 842 564 | 1 413 779 |
| Total non-current assets | 27 939 | 83 140 | 579 482 | 2 003 680 |
| Total assets | 1 824 819 | 762 021 | 2 422 046 | 3 417 459 |
| Balance sheet — liabilities and equity | ||||
| Current liabilities | 64 222 | 235 241 | 719 326 | 1 222 906 |
| Non-current liabilities | 13 886 | 0 | 1 176 915 | 2 157 226 |
| Total liabilities | 78 108 | 235 241 | 1 896 241 | 3 380 132 |
| Share capital | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — |
| Profit for the year | -253 289 | -1 219 931 | -1 500 975 | -2 488 478 |
| Total equity | 1 746 711 | 526 780 | 525 805 | 37 327 |
| Income statement | ||||
| Sales revenue | 0 | 0 | 2 454 346 | 3 623 590 |
| Operating profit | -253 289 | -1 226 919 | -1 448 065 | -2 325 172 |
| Profit before income tax | -253 289 | -1 219 931 | -1 500 975 | -2 488 478 |
| Profit for the reporting year | -253 289 | -1 219 931 | -1 500 975 | -2 488 478 |
| Labour costs | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — |
| Other indicators | ||||
| Employees | 4 | 23 | 47 | 60 |
| Calculated dividend | — | 0 | 0 | 0 |
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: Ignitis renewables Latvia SIA
Overview
Ignitis renewables Latvia SIA (reg. no. 40203380662) is a limited liability company. The company was registered in 2022 and has been in the register for 4 years. Registered address: Rīga, Gustava Zemgala gatve 74A.
Financial results
Revenue in 2025 was 3 623 590 €, up 47,6% on the previous year (2 454 346 €). This is the company's highest revenue among the published years (2022–2025). 2025 ended with a loss of 2 488 478 €. The company made a loss in all 4 published years. In 2025 the company had 60 employees (47 a year earlier). Revenue per employee was 60 393 €. At the end of 2025, total assets were 3 417 459 € and equity 37 327 € (1,1% of assets).
Management and owners
The board has 2 members. The sole owner of the company is UAB "Ignitis renewables".
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.