SIA "Area IT"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 48 240 € (94% of equity at the end of the previous year).
Low confidence: the company does not file a cash flow statement, so the amount is an estimate from changes in equity — it may also include other reductions of equity (e.g. a share capital reduction).
Summary of financial statements2011–2025
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 17 527 | 19 422 | 35 936 | 45 553 | 50 398 | 43 304 | 25 649 | 15 969 | 4621 | 26 761 | 30 400 | 42 909 | 43 005 | 74 175 | 78 987 |
| Total non-current assets | 0 | 132 | 0 | 0 | 2167 | 8640 | 6012 | 42 024 | 32 596 | 37 178 | 30 667 | 34 325 | 6955 | 3330 | 2864 |
| Total assets | 17 527 | 19 554 | 35 936 | 45 553 | 52 565 | 51 944 | 31 661 | 57 993 | 37 217 | 63 939 | 61 067 | 77 234 | 49 960 | 77 505 | 81 851 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 3626 | 867 | 4809 | 3864 | 2543 | 2289 | 2422 | 31 751 | 27 248 | 30 191 | 21 715 | 0 | 0 | 0 | 67 902 |
| Non-current liabilities | 2 | 2495 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60 887 | 32 535 | 26 424 | 0 |
| Total liabilities | 3628 | 3362 | 4809 | 3864 | 2543 | 2289 | 2422 | 31 751 | 27 248 | 30 191 | 21 715 | 60 887 | 32 535 | 26 424 | 67 902 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 6322 | 2293 | 14 935 | 17 592 | 25 242 | 18 895 | 6028 | -1521 | 5727 | 30 908 | 23 604 | 13 505 | 14 578 | 48 240 | 11 108 |
| Total equity | 13 899 | 16 192 | 31 127 | 41 689 | 45 675 | 46 977 | 27 763 | 26 242 | 9969 | 33 748 | 39 352 | 16 347 | 17 425 | 51 081 | 13 949 |
| Income statement | |||||||||||||||
| Sales revenue | 27 217 | 49 401 | 62 847 | 95 997 | 115 832 | 135 584 | 138 515 | 153 388 | 166 618 | 177 688 | 200 260 | 240 720 | 244 968 | 306 758 | 411 111 |
| Operating profit | 7480 | 2730 | 17 573 | 20 696 | 29 589 | 21 573 | 7504 | -1088 | 6409 | 31 503 | 24 311 | 13 505 | 14 578 | 50 262 | 57 936 |
| EBITDA | 7480 | 3126 | 17 705 | 20 696 | 30 022 | 25 861 | 15 684 | 7400 | 17 042 | 42 057 | 37 630 | 30 096 | 26 448 | 53 888 | 61 317 |
| Profit before income tax | 7480 | 2730 | 17 573 | 20 696 | 29 589 | 21 573 | 7504 | -1521 | 5727 | 30 908 | 23 604 | 13 505 | 14 578 | 48 240 | 65 668 |
| Profit for the reporting year | 6322 | 2293 | 14 935 | 17 592 | 25 242 | 18 895 | 6028 | -1521 | 5727 | 30 908 | 23 604 | 13 505 | 14 578 | 48 240 | 11 108 |
| Labour costs | 1045 | 2610 | 2980 | 5066 | 8385 | 12 210 | 14 325 | 40 674 | 46 521 | 35 152 | 48 282 | 65 624 | 74 157 | 70 635 | 79 141 |
| Depreciation of non-current assets | 0 | 396 | 132 | 0 | 433 | 4288 | 8180 | 8488 | 10 633 | 10 554 | 13 319 | 16 591 | 11 870 | 3626 | 3381 |
| Other indicators | |||||||||||||||
| Employees | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| Calculated dividend | — | 0 | 0 | 7030 | 21 256 | 17 593 | 25 242 | 0 | 22 000 | 7129 | 18 000 | 36 510 | 13 500 | 14 584 | 48 240 |
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 "Area IT"
Overview
SIA "Area IT" (reg. no. 45403023595) is a limited liability company. The company was registered in 2009 and has been in the register for 17 years. Registered address: Rīga, Klostera iela 9/11 - 10.
Financial results
Revenue in 2025 was 411 111 €, up 34,0% on the previous year (306 758 €). From 2011 to 2025, revenue grew by an average of 21,4% per year. This is the company's highest revenue among the published years (2011–2025). Net profit for 2025 was 11 108 € (2,7% of revenue). The company was profitable in 14 of the 15 published years. In 2025 the company had 3 employees. Revenue per employee was 137 037 €. At the end of 2025, total assets were 81 851 € and equity 13 949 € (17,0% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (90%) 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.