SIA "BELWOOD"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 400 000 € (4% of equity at the end of the previous year).
Summary of financial statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 1 501 223 | 2 563 588 | 2 467 066 | 3 008 268 | 3 031 183 | 6 983 245 | 9 340 992 | 8 740 816 | 8 772 348 | 9 925 067 |
| Total non-current assets | 1 465 144 | 1 422 492 | 1 744 770 | 1 869 346 | 2 055 906 | 2 342 202 | 3 162 852 | 3 563 235 | 3 722 275 | 3 904 640 |
| Total assets | 2 966 367 | 3 986 080 | 4 211 836 | 4 877 614 | 5 087 089 | 9 325 447 | 12 503 844 | 12 304 051 | 12 494 623 | 13 829 707 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 798 578 | 1 158 366 | 962 671 | 1 225 854 | 1 007 408 | 1 449 892 | 1 829 094 | 1 228 123 | 1 456 173 | 1 946 518 |
| Non-current liabilities | 0 | 0 | 1 621 174 | 1 260 000 | 840 000 | 640 000 | 0 | 0 | 0 | 18 427 |
| Total liabilities | 798 578 | 1 158 366 | 2 583 845 | 2 485 854 | 1 847 408 | 2 089 892 | 1 829 094 | 1 228 123 | 1 456 173 | 1 964 945 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 411 141 | 659 930 | 1 076 184 | 1 351 397 | 927 921 | 4 465 874 | 4 489 195 | 1 201 178 | 762 522 | 1 226 312 |
| Total equity | 2 167 789 | 2 827 714 | 1 627 991 | 2 391 760 | 3 239 681 | 7 235 555 | 10 674 750 | 11 075 928 | 11 038 450 | 11 864 762 |
| Income statement | ||||||||||
| Sales revenue | 9 216 887 | 13 306 292 | 17 389 385 | 15 003 779 | 13 658 541 | 29 778 675 | 32 937 691 | 18 236 467 | 17 408 958 | 20 709 120 |
| Operating profit | 482 992 | 772 926 | 1 087 585 | 1 407 015 | 968 903 | 4 602 426 | 4 768 153 | 1 419 710 | 858 701 | 1 259 485 |
| Profit before income tax | 477 817 | 772 176 | 1 077 938 | 1 375 816 | 950 900 | 4 586 724 | 4 760 803 | 1 419 813 | 966 493 | 1 319 988 |
| Profit for the reporting year | 411 141 | 659 930 | 1 076 184 | 1 351 397 | 927 921 | 4 465 874 | 4 489 195 | 1 201 178 | 762 522 | 1 226 312 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 51 | 51 | 53 | 48 | 48 | 47 | 49 | 48 | 50 | 47 |
| Calculated dividend | 125 000 | 146 607 | 2 139 567 | 587 627 | 133 455 | 470 000 | 1 050 000 | 800 000 | 800 000 | 400 000 |
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 "BELWOOD"
Overview
SIA "BELWOOD" (reg. no. 44103017603) is a limited liability company. The company was registered in 1999 and has been in the register for 27 years. Registered address: Rīga, Dārzciema iela 60-219.
Financial results
Revenue in 2025 was 20 709 120 €, up 19,0% on the previous year (17 408 958 €). From 2016 to 2025, revenue grew by an average of 9,4% per year. Net profit for 2025 was 1 226 312 € (5,9% of revenue). The company was profitable in all 10 published years. In 2025 the company had 47 employees (50 a year earlier). Revenue per employee was 440 620 €. At the end of 2025, total assets were 13 829 707 € and equity 11 864 762 € (85,8% of assets).
Management and owners
The company has one board member. According to the register, the company has 2 owners. The largest stake (59,9%) 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.