SIA "HorVec"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 31 003 | 23 951 | 79 714 | 74 978 | 52 472 | 26 184 | 27 800 | 27 612 | 25 263 | 22 717 | 19 462 | 17 913 |
| Total non-current assets | 773 | 315 | 34 | 0 | 5419 | 4176 | 2935 | 1693 | 0 | 0 | 0 | 0 |
| Total assets | 31 776 | 24 266 | 79 748 | 74 978 | 57 891 | 30 360 | 30 735 | 29 305 | 25 263 | 22 717 | 19 462 | 17 913 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 23 396 | 21 499 | 62 492 | 48 733 | 32 513 | 17 799 | 19 206 | 17 809 | 14 692 | 12 449 | 11 600 | 12 014 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 23 396 | 21 499 | 62 492 | 48 733 | 32 513 | 17 799 | 19 206 | 17 809 | 14 692 | 12 449 | 11 600 | 12 014 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 5534 | -5613 | 14 489 | 23 399 | -867 | 2716 | -1032 | -33 | -925 | -303 | -2406 | -2912 |
| Total equity | 8380 | 2767 | 17 256 | 26 245 | 25 378 | 12 561 | 11 529 | 11 496 | 10 571 | 10 268 | 7862 | 4949 |
| Income statement | ||||||||||||
| Sales revenue | 196 935 | 191 412 | 394 058 | 439 979 | 177 006 | 114 212 | 93 362 | 118 159 | 121 608 | 66 935 | 65 165 | 56 175 |
| Operating profit | 6628 | -5613 | 16 421 | 27 581 | -867 | 1630 | -1032 | -33 | -925 | -303 | -2406 | -2912 |
| Profit before income tax | 6628 | -5613 | 16 421 | 27 581 | -867 | 2716 | -1032 | -33 | -925 | -303 | -2406 | -2912 |
| Profit for the reporting year | 5534 | -5613 | 14 489 | 23 399 | -867 | 2716 | -1032 | -33 | -925 | -303 | -2406 | -2912 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Calculated dividend | — | 0 | 0 | 14 410 | 0 | 15 533 | 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 "HorVec"
Overview
SIA "HorVec" (reg. no. 43603060613) is a limited liability company. The company was registered in 2013 and has been in the register for 13 years. Registered address: Jelgava, Sudrabu Edžus iela 15 - 37.
Financial results
Revenue in 2025 was 56 175 €, down 13,8% on the previous year (65 165 €). From 2014 to 2025, revenue declined by an average of 10,8% per year. This is the company's lowest revenue among the published years (2014–2025). 2025 ended with a loss of 2912 €. The company was profitable in 4 of the 12 published years. In 2025 the company had 2 employees. Revenue per employee was 28 088 €. At the end of 2025, total assets were 17 913 € and equity 4949 € (27,6% 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.