SIA "CONVERSION"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 13 325 € (81% 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 statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 46 | 49 | 1149 | 474 | 2093 | 4054 | 8940 | 1241 | 11 391 | 16 309 | 16 933 | 18 848 |
| Total non-current assets | 0 | 0 | 643 | 3666 | 2444 | 3640 | 1948 | 719 | 3297 | 6433 | 5302 | 4520 |
| Total assets | 46 | 49 | 1792 | 4140 | 4537 | 7694 | 10 888 | 1960 | 14 688 | 22 742 | 22 235 | 23 368 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 13 | 1419 | 913 | 2734 | 2955 | 3828 | 2283 | 3423 | 2635 | 1881 | 2048 | 1683 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1062 | 5195 | 3713 | 0 |
| Total liabilities | 13 | 1419 | 913 | 2734 | 2955 | 3828 | 2283 | 3423 | 3697 | 7076 | 5761 | 1683 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -2767 | -1403 | 2249 | 527 | 177 | 2283 | 4739 | -10 069 | 12 454 | 10 075 | 12 349 | 18 536 |
| Total equity | 33 | -1370 | 879 | 1406 | 1582 | 3866 | 8605 | -1463 | 10 991 | 15 666 | 16 474 | 21 685 |
| Income statement | ||||||||||||
| Sales revenue | 1464 | 14 783 | 22 440 | 26 050 | 26 200 | 31 220 | 33 540 | 32 450 | 47 453 | 44 750 | 48 800 | 52 800 |
| Operating profit | -2635 | -59 | 4269 | 2998 | 2537 | 4796 | 8078 | -2068 | 11 373 | 9489 | 15 248 | 21 883 |
| EBITDA | — | — | 4269 | 2998 | 2537 | 4796 | 8078 | -2068 | 11 373 | 9489 | 15 248 | 21 883 |
| Profit before income tax | -2635 | -59 | 4269 | 4225 | 4107 | 6966 | 9770 | -839 | 12 454 | 11 432 | 15 248 | 21 883 |
| Profit for the reporting year | -2767 | -1403 | 2249 | 527 | 177 | 2283 | 4739 | -10 069 | 12 454 | 10 075 | 12 349 | 18 536 |
| Labour costs | — | — | 16 560 | 17 280 | 17 280 | 17 280 | 17 280 | 30 900 | 29 666 | 21 411 | 20 798 | 19 102 |
| Depreciation of non-current assets | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other indicators | ||||||||||||
| Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5400 | 11 541 | 13 325 |
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 "CONVERSION"
Overview
SIA "CONVERSION" (reg. no. 45403039242) is a limited liability company. The company was registered in 2014 and has been in the register for 12 years. Registered address: Ropažu nov., Stopiņu pag., Ulbroka, Robežu iela 13 - 21.
Financial results
Revenue in 2025 was 52 800 €, up 8,2% on the previous year (48 800 €). From 2014 to 2025, revenue grew by an average of 38,5% per year. This is the company's highest revenue among the published years (2014–2025). Net profit for 2025 was 18 536 € (35,1% of revenue). The company was profitable in 9 of the 12 published years. In 2025 the company had 1 employees. Revenue per employee was 52 800 €. At the end of 2025, total assets were 23 368 € and equity 21 685 € (92,8% 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.