SIA "TIM-T"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 465 430 | 748 941 | 799 827 | 1 279 964 | 1 040 994 | 1 460 464 | 2 163 828 | 2 781 947 | 2 571 768 | 2 840 104 |
| Total non-current assets | 335 142 | 438 821 | 453 233 | 435 348 | 530 485 | 487 357 | 519 745 | 481 947 | 373 804 | 959 223 |
| Total assets | 800 572 | 1 187 762 | 1 253 060 | 1 715 312 | 1 571 479 | 1 947 821 | 2 683 573 | 3 263 894 | 2 945 572 | 3 799 327 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 385 559 | 640 250 | 756 329 | 1 321 954 | 1 110 440 | 1 408 294 | 1 539 093 | 1 558 815 | 1 009 889 | 996 309 |
| Non-current liabilities | 244 311 | 260 878 | 175 562 | 182 923 | 194 955 | 110 701 | 135 613 | 20 000 | 20 000 | 390 240 |
| Total liabilities | 629 870 | 901 128 | 931 891 | 1 504 877 | 1 305 395 | 1 518 995 | 1 674 706 | 1 578 815 | 1 029 889 | 1 386 549 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 57 501 | 115 932 | 34 535 | 55 933 | 55 649 | 162 742 | 580 041 | 676 212 | 230 604 | 497 095 |
| Total equity | 170 702 | 286 634 | 321 169 | 210 435 | 266 084 | 428 826 | 1 008 867 | 1 685 079 | 1 915 683 | 2 412 778 |
| Income statement | ||||||||||
| Sales revenue | 2 217 066 | 3 673 519 | 4 618 761 | 7 899 823 | 8 411 223 | 10 072 692 | 15 280 550 | 18 172 463 | 17 505 394 | 20 184 446 |
| Operating profit | 63 408 | 128 467 | 47 210 | 68 362 | 67 564 | 175 499 | 601 539 | 704 682 | 238 222 | 510 112 |
| Profit before income tax | 57 501 | 118 329 | 34 535 | 55 933 | 55 649 | 162 815 | 580 041 | 676 283 | 230 907 | 498 095 |
| Profit for the reporting year | 57 501 | 115 932 | 34 535 | 55 933 | 55 649 | 162 742 | 580 041 | 676 212 | 230 604 | 497 095 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 15 | 20 | 25 | 49 | 60 | 61 | 51 | 52 | 58 | 59 |
| Calculated dividend | — | 0 | 0 | 166 667 | 0 | 0 | 20 000 | 0 | 25 000 | 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 "TIM-T"
Overview
SIA "TIM-T" (reg. no. 43903001784) is a limited liability company. The company was registered in 1993 and has been in the register for 33 years. Registered address: Smiltenes nov., Smiltene, Peldu iela 22A.
Financial results
Revenue in 2025 was 20 184 446 €, up 15,3% on the previous year (17 505 394 €). From 2016 to 2025, revenue grew by an average of 27,8% per year. This is the company's highest revenue among the published years (2016–2025). Net profit for 2025 was 497 095 € (2,5% of revenue). The company was profitable in all 10 published years. In 2025 the company had 59 employees (58 a year earlier). Revenue per employee was 342 109 €. At the end of 2025, total assets were 3 799 327 € and equity 2 412 778 € (63,5% of assets).
Management and owners
The company has one board member. According to the register, the company has 2 owners. The largest stake (63,2%) 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.