SIA "FRE Project"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 487 086 | 493 889 | 465 009 | 433 466 | 597 492 | 562 584 | 533 328 | 456 056 | 436 599 | 425 755 | 414 124 | 421 260 | 418 054 | 444 133 | 427 415 | 433 997 |
| Total non-current assets | 762 317 | 762 377 | 742 529 | 120 990 | 115 885 | 105 633 | 53 762 | 56 362 | 56 362 | 56 362 | 53 762 | 53 762 | 53 762 | 28 490 | 26 951 | 25 613 |
| Total assets | 1 249 403 | 1 256 266 | 1 207 538 | 554 456 | 713 377 | 668 217 | 587 090 | 512 418 | 492 961 | 482 117 | 467 886 | 475 022 | 471 816 | 472 623 | 454 366 | 459 610 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 1 120 047 | 1 114 192 | 1 129 850 | 494 549 | 675 812 | 653 155 | 568 200 | 494 277 | 472 933 | 1348 | 920 | 1059 | 951 | 64 | 234 | 811 |
| Non-current liabilities | 80 440 | 82 940 | 47 956 | 36 855 | 36 650 | 13 202 | 14 002 | 13 502 | 13 502 | 477 560 | 469 560 | 466 260 | 458 260 | 459 660 | 457 860 | 428 209 |
| Total liabilities | 1 200 487 | 1 197 132 | 1 177 806 | 531 404 | 712 462 | 666 357 | 582 202 | 507 779 | 486 435 | 478 908 | 470 480 | 467 319 | 459 211 | 459 724 | 458 094 | 429 020 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 6690 | 10 220 | -29 402 | -6680 | -31 886 | 945 | 3028 | -249 | 1887 | -3317 | -5803 | 10 297 | 4902 | 294 | -16 627 | 34 318 |
| Total equity | 48 916 | 59 134 | 29 732 | 23 052 | 915 | 1860 | 4888 | 4639 | 6526 | 3209 | -2594 | 7703 | 12 605 | 12 899 | -3728 | 30 590 |
| Income statement | ||||||||||||||||
| Sales revenue | 19 289 | 950 | 3255 | 7876 | 2714 | 3220 | 0 | 0 | 0 | 6375 | 4087 | 16 259 | 12 040 | 14 898 | 17 070 | 17 357 |
| Operating profit | -28 835 | -45 155 | -39 688 | -16 119 | -45 153 | -11 060 | -344 | -1240 | -6662 | -3651 | -5901 | 10 186 | 4858 | 294 | -16 627 | 34 318 |
| Profit before income tax | 8760 | 14 418 | -29 111 | -4969 | -31 356 | 1528 | 3028 | -249 | 1887 | -3317 | -5803 | 10 297 | 4902 | 294 | -16 627 | 34 318 |
| Profit for the reporting year | 6690 | 10 220 | -29 402 | -6680 | -31 886 | 945 | 3028 | -249 | 1887 | -3317 | -5803 | 10 297 | 4902 | 294 | -16 627 | 34 318 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 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 "FRE Project"
Overview
SIA "FRE Project" (reg. no. 43603027500) is a limited liability company. The company was registered in 2006 and has been in the register for 20 years. Registered address: Jelgava, Tērvetes iela 91A.
Financial results
Revenue in 2025 was 17 357 €, up 1,7% on the previous year (17 070 €). From 2010 to 2025, revenue declined by an average of 0,7% per year. Net profit for 2025 was 34 318 € (198% of revenue). The company was profitable in 9 of the 16 published years. In 2025 the company had 1 employees. Revenue per employee was 17 357 €. At the end of 2025, total assets were 459 610 € and equity 30 590 € (6,7% of assets).
Management and owners
The company has one board member. The sole owner of the company is 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.