SIA "Baltic Industrial Composites"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 134 408 | 288 997 | 427 194 | 612 889 | 477 119 | 741 838 | 384 595 | 418 194 | 1 087 068 | 679 381 | 686 606 | 834 085 |
| Total non-current assets | 2656 | 43 090 | 69 558 | 99 770 | 111 474 | 284 352 | 263 206 | 246 492 | 234 685 | 313 938 | 338 072 | 341 422 |
| Total assets | 137 064 | 332 087 | 496 752 | 712 659 | 588 593 | 1 026 190 | 647 801 | 664 686 | 1 321 753 | 993 319 | 1 024 678 | 1 175 507 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 46 613 | 132 271 | 284 706 | 443 877 | 186 242 | 570 020 | 163 661 | 172 225 | 823 975 | 428 078 | 429 378 | 265 293 |
| Non-current liabilities | 0 | 108 905 | 106 723 | 144 994 | 264 687 | 262 515 | 286 715 | 286 715 | 282 715 | 275 713 | 233 730 | 52 257 |
| Total liabilities | 46 613 | 241 176 | 391 429 | 588 871 | 450 929 | 832 535 | 450 376 | 458 940 | 1 106 690 | 703 791 | 663 108 | 317 550 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 451 | 460 | 14 412 | 18 465 | 13 876 | 55 991 | 3770 | 8321 | 9317 | 74 465 | 72 042 | 496 387 |
| Total equity | 90 451 | 90 911 | 105 323 | 123 788 | 137 664 | 193 655 | 197 425 | 205 746 | 215 063 | 289 528 | 361 570 | 857 957 |
| Income statement | ||||||||||||
| Sales revenue | 101 960 | 814 143 | 1 051 936 | 1 161 752 | 1 402 770 | 2 277 364 | 1 444 726 | 1 172 055 | 954 318 | 2 575 505 | 2 521 769 | 2 994 988 |
| Operating profit | 1129 | 8929 | 27 294 | 35 225 | 29 796 | 71 840 | 20 820 | 25 538 | 26 302 | 91 643 | 90 673 | 511 229 |
| Profit before income tax | 451 | 1091 | 15 023 | 19 077 | 13 886 | 55 991 | 3770 | 8335 | 9317 | 74 467 | 72 042 | 496 711 |
| Profit for the reporting year | 451 | 460 | 14 412 | 18 465 | 13 876 | 55 991 | 3770 | 8321 | 9317 | 74 465 | 72 042 | 496 387 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 5 | 22 | 22 | 29 | 31 | 33 | 33 | 29 | 29 | 29 | 32 | 30 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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: SIA "Baltic Industrial Composites"
Overview
SIA "Baltic Industrial Composites" (reg. no. 41203051458) is a limited liability company. The company was registered in 2014 and has been in the register for 12 years. Registered address: Rīga, Flotes iela 9.
Financial results
Revenue in 2025 was 2 994 988 €, up 18,8% on the previous year (2 521 769 €). From 2014 to 2025, revenue grew by an average of 36,0% per year. This is the company's highest revenue among the published years (2014–2025). Net profit for 2025 was 496 387 € (16,6% of revenue). The company was profitable in all 12 published years. In 2025 the company had 30 employees (32 a year earlier). Revenue per employee was 99 833 €. At the end of 2025, total assets were 1 175 507 € and equity 857 957 € (73,0% of assets).
Management and owners
The company has one board member. According to the register, the company has 2 owners. The largest stake (50%) is held by ARMATŪRA, 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.