"MAGAM" SIAActive

44103034529Limited liability companyFounded 2005

Key figures

814 892 €-22,8%

Revenue 2025

+7,3%

Average annual growth 2010–2025

Ratios

2025

-3,3%

Profit margin

64,9%

Equity ratio

2,7×

Current ratio

-18,0%

Return on equity

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Summary of financial statements2010–2025

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Balance sheet — assets
Total current assets	66 448	77 221	67 410	60 336	111 803	128 034	159 361	148 781	186 904	173 161	193 844	146 379	397 032	274 973	221 174	188 339
Total non-current assets	51 365	39 403	49 774	39 197	52 758	67 493	48 167	48 525	37 808	36 533	35 296	24 264	45 648	58 116	50 194	41 196
Total assets	117 813	116 624	117 184	99 533	164 561	195 527	207 528	197 306	224 712	209 694	229 140	170 643	442 680	333 089	271 368	229 535
Balance sheet — liabilities and equity
Current liabilities	43 419	65 037	53 400	46 533	77 150	74 936	62 358	78 977	93 166	77 142	121 035	87 089	166 228	132 871	84 190	69 206
Non-current liabilities	50 854	17 594	33 194	25 944	13 915	13 415	13 415	12 415	12 644	12 644	12 644	12 644	11 434	11 434	11 434	11 434
Total liabilities	94 273	82 631	86 594	72 477	91 065	88 351	75 773	91 392	105 810	89 786	133 679	99 733	177 662	144 305	95 624	80 640
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	-17 690	10 132	-3573	-3557	36 096	32 239	24 578	-25 841	12 988	1006	-24 446	-24 551	194 107	-76 234	-13 040	-26 849
Total equity	21 416	31 547	27 975	24 418	70 839	103 078	131 755	105 914	118 902	119 908	95 461	70 910	265 018	188 784	175 744	148 895
Income statement
Sales revenue	281 815	492 075	552 912	522 649	935 109	798 298	844 411	759 660	1 089 926	745 881	880 131	825 016	1 755 532	959 877	1 054 978	814 892
Operating profit	-14 684	12 311	485	-2892	39 311	38 525	31 082	-25 055	14 610	1608	-23 531	-24 323	194 266	-76 015	-12 467	-26 774
Profit before income tax	-17 690	10 132	-3573	-3557	40 307	37 763	29 570	-25 841	13 189	1006	-24 446	-24 551	194 107	-76 234	-13 040	-26 849
Profit for the reporting year	-17 690	10 132	-3573	-3557	36 096	32 239	24 578	-25 841	12 988	1006	-24 446	-24 551	194 107	-76 234	-13 040	-26 849
Labour costs	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation of non-current assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other indicators
Employees	11	16	16	16	10	12	15	13	12	13	12	12	10	10	10	11
Calculated dividend	—	0	0	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.

Connections graph

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Summary: "MAGAM" SIA

Overview

"MAGAM" SIA (reg. no. 44103034529) is a limited liability company. The company was registered in 2005 and has been in the register for 21 years. Registered address: Cēsu nov., Amatas pag., "Ferma Sīļi".

Financial results

Revenue in 2025 was 814 892 €, down 22,8% on the previous year (1 054 978 €). From 2010 to 2025, revenue grew by an average of 7,3% per year. 2025 ended with a loss of 26 849 €. The company was profitable in 7 of the 16 published years. In 2025 the company had 11 employees (10 a year earlier). Revenue per employee was 74 081 €. At the end of 2025, total assets were 229 535 € and equity 148 895 € (64,9% 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.