"Watel" SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 171 004 € (17% 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 statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 60 436 | 221 771 | 113 753 | 247 402 | 424 348 | 557 849 | 539 574 |
| Total non-current assets | 15 900 | 49 673 | 434 398 | 573 555 | 509 372 | 539 214 | 431 163 |
| Total assets | 76 336 | 271 444 | 548 151 | 820 957 | 933 720 | 1 097 063 | 970 737 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 15 244 | 35 628 | 48 596 | 105 179 | 46 380 | 66 524 | 7907 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 57 976 | 43 745 | 0 |
| Total liabilities | 15 244 | 35 628 | 48 596 | 105 179 | 104 356 | 110 269 | 7907 |
| Share capital | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — |
| Profit for the year | 58 092 | 174 724 | 292 239 | 249 223 | 119 386 | 258 131 | 147 040 |
| Total equity | 61 092 | 235 816 | 499 555 | 715 778 | 829 364 | 986 794 | 962 830 |
| Income statement | |||||||
| Sales revenue | 240 368 | 583 693 | 748 679 | 591 035 | 381 150 | 546 053 | 521 709 |
| Operating profit | 58 092 | 174 724 | 292 180 | 249 223 | 120 075 | 260 953 | 148 885 |
| Profit before income tax | 58 092 | 174 724 | 292 239 | 249 223 | 119 386 | 258 131 | 147 040 |
| Profit for the reporting year | 58 092 | 174 724 | 292 239 | 249 223 | 119 386 | 258 131 | 147 040 |
| Labour costs | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 11 | 13 | 13 | 5 | 3 | 3 | 3 |
| Calculated dividend | — | 0 | 28 500 | 33 000 | 5800 | 100 701 | 171 004 |
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: "Watel" SIA
Overview
"Watel" SIA (reg. no. 45403053890) is a limited liability company. The company was registered in 2019 and has been in the register for 7 years. Registered address: Rīga, Slimnīcas iela 6C.
Financial results
Revenue in 2025 was 521 709 €, down 4,5% on the previous year (546 053 €). From 2019 to 2025, revenue grew by an average of 13,8% per year. Net profit for 2025 was 147 040 € (28,2% of revenue). The company was profitable in all 7 published years. In 2025 the company had 3 employees. Revenue per employee was 173 903 €. At the end of 2025, total assets were 970 737 € and equity 962 830 € (99,2% 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.