Baltic Software Factory SIAActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2023–2025
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Balance sheet — assets | |||
| Total current assets | 292 245 | 1 041 567 | 1 924 923 |
| Total non-current assets | 9583 | 18 207 | 36 947 |
| Total assets | 301 828 | 1 059 774 | 1 961 870 |
| Balance sheet — liabilities and equity | |||
| Current liabilities | 169 101 | 489 763 | 477 064 |
| Non-current liabilities | 0 | 0 | 0 |
| Total liabilities | 169 101 | 489 763 | 477 064 |
| Share capital | — | — | — |
| Retained earnings of previous periods | — | — | — |
| Profit for the year | 122 727 | 437 284 | 914 795 |
| Total equity | 132 727 | 570 011 | 1 484 806 |
| Income statement | |||
| Sales revenue | 754 658 | 2 645 869 | 4 941 193 |
| Operating profit | 122 727 | 439 064 | 914 795 |
| Profit before income tax | 122 727 | 437 284 | 914 795 |
| Profit for the reporting year | 122 727 | 437 284 | 914 795 |
| Labour costs | — | — | — |
| Depreciation of non-current assets | — | — | — |
| Other indicators | |||
| Employees | 19 | 35 | 39 |
| Calculated dividend | — | 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: Baltic Software Factory SIA
Overview
Baltic Software Factory SIA (reg. no. 40203480413) is a limited liability company. The company was registered in 2023 and has been in the register for 3 years. Registered address: Rīga, Raņķa dambis 34 - 111.
Financial results
Revenue in 2025 was 4 941 193 €, up 86,8% on the previous year (2 645 869 €). From 2023 to 2025, revenue grew by an average of 156% per year. Net profit for 2025 was 914 795 € (18,5% of revenue). The company was profitable in all 3 published years. In 2025 the company had 39 employees (35 a year earlier). Revenue per employee was 126 697 €. At the end of 2025, total assets were 1 961 870 € and equity 1 484 806 € (75,7% of assets).
Management and owners
The board has 2 members. According to the register, the company has 3 owners. The largest stake (80%) is held by a private individual. 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 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.