SIA VEL serviceActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2020–2025
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 22 746 | 37 320 | 59 045 | 62 996 | 75 033 | 79 034 |
| Total non-current assets | 11 885 | 20 800 | 18 842 | 11 088 | 20 273 | 14 575 |
| Total assets | 34 631 | 58 120 | 77 887 | 74 084 | 95 306 | 93 609 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 14 063 | 38 649 | 49 744 | 36 971 | 23 898 | 38 851 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 14 063 | 38 649 | 49 744 | 36 971 | 23 898 | 38 851 |
| Share capital | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — |
| Profit for the year | 18 568 | -1097 | 9685 | 8969 | 34 295 | -17 406 |
| Total equity | 20 568 | 19 471 | 28 143 | 37 113 | 71 408 | 54 758 |
| Income statement | ||||||
| Sales revenue | 139 976 | 261 217 | 265 786 | 236 261 | 201 384 | 104 859 |
| Operating profit | 18 836 | -778 | 11 206 | 9377 | 34 775 | -17 121 |
| Profit before income tax | 18 568 | -1097 | 9685 | 8969 | 34 295 | -17 406 |
| Profit for the reporting year | 18 568 | -1097 | 9685 | 8969 | 34 295 | -17 406 |
| Labour costs | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — |
| Other indicators | ||||||
| Employees | 3 | 3 | 4 | 3 | 3 | 1 |
| Calculated dividend | — | 0 | 1013 | 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 VEL service
Overview
SIA VEL service (reg. no. 44103129783) is a limited liability company. The company was registered in 2019 and has been in the register for 7 years. Registered address: Jūrmala, Vasaras iela 45A.
Financial results
Revenue in 2025 was 104 859 €, down 47,9% on the previous year (201 384 €). From 2020 to 2025, revenue declined by an average of 5,6% per year. This is the company's lowest revenue among the published years (2020–2025). 2025 ended with a loss of 17 406 €. The company was profitable in 4 of the 6 published years. In 2025 the company had 1 employees (3 a year earlier). Revenue per employee was 104 859 €. At the end of 2025, total assets were 93 609 € and equity 54 758 € (58,5% 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.