SIA "VMS Timber"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportNo 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 | 59 617 | 127 168 | 209 657 | 215 115 | 441 096 | 638 794 | 942 633 | 2 259 302 | 2 148 198 | 2 270 381 | 2 722 336 | 1 596 083 |
| Total non-current assets | 102 632 | 245 889 | 289 694 | 390 088 | 500 454 | 1 455 268 | 1 411 562 | 1 724 548 | 3 708 761 | 5 203 847 | 3 934 999 | 3 358 522 |
| Total assets | 162 249 | 373 057 | 499 351 | 605 203 | 941 550 | 2 094 062 | 2 354 195 | 3 983 850 | 5 856 959 | 7 474 228 | 6 657 335 | 4 954 605 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 50 917 | 107 320 | 208 271 | 164 085 | 435 561 | 619 635 | 583 676 | 1 333 524 | 1 479 852 | 3 419 829 | 5 076 402 | 1 599 951 |
| Non-current liabilities | 47 515 | 123 886 | 83 039 | 114 830 | 107 763 | 709 157 | 601 472 | 262 256 | 1 027 626 | 2 437 423 | 626 083 | 3 008 155 |
| Total liabilities | 98 432 | 231 206 | 291 310 | 278 915 | 543 324 | 1 328 792 | 1 185 148 | 1 595 780 | 2 507 478 | 5 857 252 | 5 702 485 | 4 608 106 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 38 973 | 96 592 | 71 297 | 118 247 | 71 938 | -32 956 | 67 504 | 819 022 | 961 411 | -1 732 505 | -662 126 | -608 351 |
| Total equity | 57 863 | 133 049 | 208 041 | 326 288 | 398 226 | 765 270 | 1 169 047 | 2 388 070 | 3 349 481 | 1 616 976 | 954 850 | 346 499 |
| Income statement | ||||||||||||
| Sales revenue | 508 092 | 1 002 800 | 1 214 783 | 1 824 105 | 2 049 451 | 2 547 547 | 3 728 177 | 7 484 579 | 12 185 133 | 8 840 335 | 11 030 985 | 6 421 746 |
| Operating profit | 45 129 | 111 054 | 82 008 | 141 133 | 80 541 | -13 096 | 87 995 | 836 679 | 999 477 | -1 621 100 | -443 855 | -468 658 |
| Profit before income tax | 44 610 | 109 066 | 76 811 | 132 486 | 71 948 | -32 956 | 69 272 | 819 590 | 962 763 | -1 729 997 | -626 408 | -607 844 |
| Profit for the reporting year | 38 973 | 96 592 | 71 297 | 118 247 | 71 938 | -32 956 | 67 504 | 819 022 | 961 411 | -1 732 505 | -662 126 | -608 351 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 17 | 27 | 34 | 41 | 46 | 47 | 50 | 77 | 115 | 127 | 110 | 68 |
| Calculated dividend | 0 | 21 400 | 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.
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Summary: SIA "VMS Timber"
Overview
SIA "VMS Timber" (reg. no. 45403035414) is a limited liability company. The company was registered in 2012 and has been in the register for 13 years. Registered address: Madonas nov., Sarkaņu pag., "Zāģeri".
Financial results
Revenue in 2025 was 6 421 746 €, down 41,8% on the previous year (11 030 985 €). From 2014 to 2025, revenue grew by an average of 25,9% per year. 2025 ended with a loss of 608 351 €. The company was profitable in 8 of the 12 published years. In 2025 the company had 68 employees (110 a year earlier). Revenue per employee was 94 437 €. At the end of 2025, total assets were 4 954 605 € and equity 346 499 € (7,0% of assets).
Management and owners
The board has 2 members. The sole owner of the company is Thermory AS.
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.