SIA "GROUND WATER"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2012–2025
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 2621 | 4064 | 8897 | 10 338 | 14 779 | 19 080 | 18 288 | 14 627 | 13 748 | 18 995 | 2881 | 31 640 | 34 036 | 56 095 |
| Total non-current assets | 4226 | 26 870 | 29 269 | 21 723 | 38 739 | 26 682 | 20 659 | 33 009 | 15 763 | 47 350 | 42 087 | 51 736 | 47 545 | 207 918 |
| Total assets | 6847 | 30 934 | 38 166 | 32 061 | 53 518 | 45 762 | 38 947 | 47 636 | 29 511 | 66 345 | 44 968 | 83 376 | 81 581 | 264 013 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 12 849 | 28 923 | 10 357 | 15 681 | 30 026 | 21 805 | 23 432 | 17 072 | 25 143 | 53 860 | 47 283 | 91 793 | 32 193 | 95 825 |
| Non-current liabilities | 0 | 15 100 | 58 787 | 58 403 | 82 286 | 80 443 | 68 918 | 77 895 | 91 650 | 95 102 | 88 512 | 88 481 | 3662 | 64 273 |
| Total liabilities | 12 849 | 44 023 | 69 144 | 74 084 | 112 312 | 102 248 | 92 350 | 94 967 | 116 793 | 148 962 | 135 795 | 180 274 | 35 855 | 160 098 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -6003 | -7087 | -12 354 | -11 045 | -16 769 | 2308 | 3083 | 6072 | -39 950 | 4664 | -8209 | -6072 | 142 625 | 58 189 |
| Total equity | -6002 | -13 089 | -30 978 | -42 023 | -58 794 | -56 486 | -53 403 | -47 331 | -87 282 | -82 617 | -90 827 | -96 898 | 45 726 | 103 915 |
| Income statement | ||||||||||||||
| Sales revenue | 7573 | 26 481 | 75 996 | 69 791 | 83 407 | 106 488 | 121 980 | 152 270 | 84 213 | 223 370 | 268 101 | 271 003 | 320 643 | 533 376 |
| Operating profit | -6003 | -6966 | -11 816 | -10 681 | -15 716 | 3577 | 3969 | 7163 | -38 905 | 5181 | -8055 | -6061 | 142 625 | 59 863 |
| EBITDA | -5626 | -4385 | -3385 | -2335 | -15 716 | 3577 | 3969 | 7163 | -38 905 | 5181 | -8055 | -6061 | 142 625 | 59 863 |
| Profit before income tax | -6003 | -7087 | -12 354 | -11 045 | -16 769 | 2592 | 3083 | 6072 | -39 950 | 4664 | -8209 | -6072 | 142 625 | 58 189 |
| Profit for the reporting year | -6003 | -7087 | -12 354 | -11 045 | -16 769 | 2308 | 3083 | 6072 | -39 950 | 4664 | -8209 | -6072 | 142 625 | 58 189 |
| Labour costs | 236 | 3511 | 9794 | 8467 | 13 461 | 11 077 | 13 025 | 16 488 | 31 548 | 66 536 | 77 903 | 62 941 | 61 374 | 77 328 |
| Depreciation of non-current assets | 377 | 2581 | 8431 | 8346 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other indicators | ||||||||||||||
| Employees | 1 | 3 | 3 | 3 | 5 | 5 | 7 | 8 | 9 | 9 | 9 | 8 | 6 | 9 |
| Calculated dividend | — | 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 "GROUND WATER"
Overview
SIA "GROUND WATER" (reg. no. 43603054335) is a limited liability company. The company was registered in 2012 and has been in the register for 14 years. Registered address: Kuldīgas nov., Ēdoles pag., Ēdole, "Katli".
Financial results
Revenue in 2025 was 533 376 €, up 66,3% on the previous year (320 643 €). From 2012 to 2025, revenue grew by an average of 38,7% per year. This is the company's highest revenue among the published years (2012–2025). Net profit for 2025 was 58 189 € (10,9% of revenue). The company was profitable in 6 of the 14 published years. In 2025 the company had 9 employees (6 a year earlier). Revenue per employee was 59 264 €. At the end of 2025, total assets were 264 013 € and equity 103 915 € (39,4% 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.