SIA "SM Project"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2018–2025
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||
| Total current assets | 3232 | 22 991 | 198 157 | 225 840 | 222 783 | 142 873 | 162 133 | 174 359 |
| Total non-current assets | 8383 | 6150 | 15 364 | 57 549 | 70 268 | 161 204 | 183 911 | 185 090 |
| Total assets | 11 615 | 29 141 | 213 521 | 283 389 | 293 051 | 304 077 | 346 044 | 359 449 |
| Balance sheet — liabilities and equity | ||||||||
| Current liabilities | 12 537 | 27 336 | 21 089 | 22 162 | 52 964 | 59 653 | 83 502 | 67 496 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 12 537 | 27 336 | 21 089 | 22 162 | 52 964 | 59 653 | 83 502 | 67 496 |
| Share capital | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — |
| Profit for the year | -3722 | 2727 | 190 627 | 68 795 | 36 960 | 4337 | 18 118 | 29 411 |
| Total equity | -922 | 1805 | 192 432 | 261 227 | 240 087 | 244 424 | 262 542 | 291 953 |
| Income statement | ||||||||
| Sales revenue | 2313 | 98 430 | 1 040 056 | 1 594 922 | 653 718 | 356 976 | 282 860 | 182 575 |
| Operating profit | -3722 | 2727 | 190 627 | 68 795 | 51 485 | 4782 | 18 439 | 29 917 |
| Profit before income tax | -3722 | 2727 | 190 627 | 68 795 | 51 485 | 4700 | 18 243 | 29 411 |
| Profit for the reporting year | -3722 | 2727 | 190 627 | 68 795 | 36 960 | 4337 | 18 118 | 29 411 |
| Labour costs | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||
| Employees | 1 | 1 | 2 | 4 | 4 | 2 | 1 | 2 |
| Calculated dividend | — | 0 | 0 | 0 | 58 100 | 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 "SM Project"
Overview
SIA "SM Project" (reg. no. 43603082733) is a limited liability company. The company was registered in 2018 and has been in the register for 8 years. Registered address: Jelgavas nov., Elejas pag., Eleja, Lietuvas iela 65/67 - 15.
Financial results
Revenue in 2025 was 182 575 €, down 35,5% on the previous year (282 860 €). From 2018 to 2025, revenue grew by an average of 86,7% per year. Net profit for 2025 was 29 411 € (16,1% of revenue). The company was profitable in 7 of the 8 published years. In 2025 the company had 2 employees (1 a year earlier). Revenue per employee was 91 288 €. At the end of 2025, total assets were 359 449 € and equity 291 953 € (81,2% 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.