SIA "QTIME"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2008–2025
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||||
| Total current assets | 51 817 | 39 861 | 30 293 | 43 329 | 13 650 | 19 768 | 37 196 | 40 074 | 38 672 | 21 558 | 27 281 | 60 908 | 70 441 | 157 718 | 96 167 | 72 354 | 64 653 | 96 145 |
| Total non-current assets | 14 844 | 11 082 | 6930 | 2809 | 7880 | 7070 | 7608 | 13 550 | 19 439 | 24 113 | 16 299 | 60 779 | 86 706 | 67 501 | 260 026 | 471 131 | 526 349 | 563 526 |
| Total assets | 66 661 | 50 943 | 37 223 | 46 138 | 21 530 | 26 838 | 44 804 | 53 624 | 58 111 | 45 671 | 43 580 | 121 687 | 157 147 | 225 219 | 356 193 | 543 485 | 591 002 | 659 671 |
| Balance sheet — liabilities and equity | ||||||||||||||||||
| Current liabilities | 11 913 | 18 434 | 6049 | 4963 | 11 118 | 18 043 | 18 024 | 24 312 | 0 | 42 816 | 24 281 | 53 330 | 19 450 | 49 321 | 84 243 | 103 754 | 89 484 | 157 678 |
| Non-current liabilities | 10 592 | 8067 | 5331 | 3593 | 2407 | 0 | 0 | 0 | 22 733 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 538 | 0 |
| Total liabilities | 22 505 | 26 501 | 11 380 | 8556 | 13 525 | 18 043 | 18 024 | 24 312 | 22 733 | 42 816 | 24 281 | 53 330 | 19 450 | 49 321 | 84 243 | 103 754 | 108 022 | 157 678 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 40 595 | 20 286 | 1401 | 11 739 | 5423 | 6795 | 23 934 | 26 466 | 32 532 | 9 | 16 444 | 65 502 | 69 341 | 100 202 | 166 051 | 217 782 | 143 247 | 18 885 |
| Total equity | 44 156 | 24 442 | 25 843 | 37 582 | 8005 | 8795 | 26 780 | 29 312 | 35 378 | 2855 | 19 299 | 68 357 | 137 697 | 175 898 | 271 950 | 439 731 | 482 980 | 501 993 |
| Income statement | ||||||||||||||||||
| Sales revenue | 83 592 | 68 735 | 64 206 | 80 642 | 55 920 | 57 505 | 82 477 | 88 432 | 99 241 | 119 486 | 215 109 | 254 498 | 307 380 | 411 661 | 481 158 | 587 350 | 661 956 | 762 085 |
| Operating profit | 47 103 | 24 144 | 2418 | 14 139 | 5423 | 6881 | 23 989 | 26 466 | 32 532 | 9 | 16 444 | 65 502 | 69 341 | 100 202 | 166 051 | 217 782 | 145 931 | 19 330 |
| Profit before income tax | 47 103 | 24 144 | 2418 | 14 139 | 5423 | 6795 | 23 934 | 26 466 | 32 532 | 9 | 16 444 | 65 502 | 69 341 | 100 202 | 166 051 | 217 782 | 143 247 | 18 885 |
| Profit for the reporting year | 40 595 | 20 286 | 1401 | 11 739 | 5423 | 6795 | 23 934 | 26 466 | 32 532 | 9 | 16 444 | 65 502 | 69 341 | 100 202 | 166 051 | 217 782 | 143 247 | 18 885 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||||
| Employees | 8 | 8 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 9 | 15 | 15 | 15 | 13 | 15 |
| Calculated dividend | 24 000 | 40 000 | 0 | 0 | 35 000 | 6005 | 5949 | 23 934 | 26 466 | 32 532 | 0 | 16 444 | 0 | 62 001 | 69 999 | 50 001 | 99 998 | 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 "QTIME"
Overview
SIA "QTIME" (reg. no. 43603025923) is a limited liability company. The company was registered in 2006 and has been in the register for 20 years. Registered address: Jelgava, Pētera iela 22A.
Financial results
Revenue in 2025 was 762 085 €, up 15,1% on the previous year (661 956 €). From 2008 to 2025, revenue grew by an average of 13,9% per year. This is the company's highest revenue among the published years (2008–2025). Net profit for 2025 was 18 885 € (2,5% of revenue). The company was profitable in all 18 published years. In 2025 the company had 15 employees (13 a year earlier). Revenue per employee was 50 806 €. At the end of 2025, total assets were 659 671 € and equity 501 993 € (76,1% 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 a private individual.
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.