SIA "KVG BALT"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 | 50 321 | 58 116 | 97 911 | 90 435 | 129 193 | 206 190 | 136 371 | 125 586 | 119 559 | 128 951 | 144 539 | 197 196 |
| Total non-current assets | 12 789 | 19 005 | 14 209 | 8583 | 37 593 | 20 955 | 50 137 | 36 739 | 26 493 | 17 955 | 10 342 | 112 437 |
| Total assets | 63 110 | 77 121 | 112 120 | 99 018 | 166 786 | 227 145 | 186 508 | 162 325 | 146 052 | 146 906 | 154 881 | 309 633 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 11 539 | 11 056 | 26 224 | 21 611 | 57 900 | 31 914 | 30 636 | 37 399 | 38 010 | 31 826 | 48 042 | 44 594 |
| Non-current liabilities | 0 | 678 | 14 980 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 11 539 | 11 734 | 41 204 | 21 611 | 57 900 | 31 914 | 30 636 | 37 399 | 38 010 | 31 826 | 48 042 | 44 594 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 50 450 | 10 945 | 8842 | 6491 | 76 479 | 118 750 | -39 359 | -30 946 | 13 115 | 7038 | 11 759 | 158 200 |
| Total equity | 50 451 | 61 396 | 70 916 | 77 407 | 108 886 | 195 231 | 155 872 | 124 926 | 108 042 | 115 080 | 106 839 | 265 039 |
| Income statement | ||||||||||||
| Sales revenue | 238 483 | 315 364 | 351 035 | 323 700 | 401 162 | 602 639 | 420 984 | 713 598 | 649 153 | 482 497 | 584 102 | 976 612 |
| Operating profit | 58 887 | 13 529 | 9814 | 7580 | 76 479 | 118 776 | -39 304 | -30 946 | 20 615 | 7038 | 16 759 | 158 200 |
| EBITDA | 60 498 | 20 061 | 14 610 | 11 307 | 81 888 | 126 597 | -26 384 | -16 702 | 34 771 | 19 821 | 28 360 | 166 839 |
| Profit before income tax | 58 887 | 13 529 | 9814 | 7580 | 76 479 | 118 776 | -39 304 | -30 946 | 20 615 | 7038 | 16 759 | 158 200 |
| Profit for the reporting year | 50 450 | 10 945 | 8842 | 6491 | 76 479 | 118 750 | -39 359 | -30 946 | 13 115 | 7038 | 11 759 | 158 200 |
| Labour costs | 18 020 | 50 018 | 51 365 | 61 034 | 59 820 | 67 803 | 80 964 | 90 993 | 94 234 | 115 169 | 141 496 | 167 635 |
| Depreciation of non-current assets | 1611 | 6532 | 4796 | 3727 | 5409 | 7821 | 12 920 | 14 244 | 14 156 | 12 783 | 11 601 | 8639 |
| Other indicators | ||||||||||||
| Employees | 3 | 4 | 5 | 5 | 5 | 5 | 5 | 7 | 7 | 8 | 8 | 9 |
| Calculated dividend | 0 | 0 | 0 | 0 | 45 000 | 32 405 | 0 | 0 | 29 999 | 0 | 20 000 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Connections graph
Summary: SIA "KVG BALT"
Overview
SIA "KVG BALT" (reg. no. 44103087259) is a limited liability company. The company was registered in 2013 and has been in the register for 13 years. Registered address: Valmieras nov., Valmiera, Salacas iela 32A.
Financial results
Revenue in 2025 was 976 612 €, up 67,2% on the previous year (584 102 €). From 2014 to 2025, revenue grew by an average of 13,7% per year. This is the company's highest revenue among the published years (2014–2025). Net profit for 2025 was 158 200 € (16,2% of revenue). The company was profitable in 10 of the 12 published years. In 2025 the company had 9 employees (8 a year earlier). Revenue per employee was 108 512 €. At the end of 2025, total assets were 309 633 € and equity 265 039 € (85,6% 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.