SIA "Log IT Solutions"Active

45403058173Limited liability companyFounded 2020

Key figures

173 065 €-8,6%
Revenue 2025
+40,3%
Average annual growth 2021–2025
050 k100 k150 k200 k20212022202320242025

Ratios

2025
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
0100 k200 k20212022202320242025

Dividends

calculated
2025

Paid out in dividends approximately 60 200 € (70% 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).

History
2025 ~60 200 €
20240 €
20230 €
20220 €
Summary of financial statements2021–2025
20212022202320242025
Balance sheet — assets
Total current assets911974628286106 738163 811
Total non-current assets0106168712071207
Total assets911985238973107 945165 018
Balance sheet — liabilities and equity
Current liabilities35286186943322 4423139
Non-current liabilities000020 000
Total liabilities35286186943322 44223 139
Share capital—————
Retained earnings of previous periods—————
Profit for the year2791-3254-279785 963116 576
Total equity55912337-46085 503141 879
Income statement
Sales revenue44 70042 00046 260189 250173 065
Operating profit2791-3254-2797160 963131 626
Profit before income tax2791-3254-2797160 963131 626
Profit for the reporting year2791-3254-279785 963116 576
Labour costs—————
Depreciation of non-current assets—————
Other indicators
Employees11111
Calculated dividend—00060 200

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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100%100%SIA "Log IT Solutions"SIA "Pan Baltic Holdi…1Mecke-Demir Hardy-Can
CompanyPersonShareholderOther roleAdditional link

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Shared members or board members

Summary: SIA "Log IT Solutions"

Overview

SIA "Log IT Solutions" (reg. no. 45403058173) is a limited liability company. The company was registered in 2020 and has been in the register for 6 years. Registered address: Rīga, Kaļķu iela 7.

Financial results

Revenue in 2025 was 173 065 €, down 8,6% on the previous year (189 250 €). From 2021 to 2025, revenue grew by an average of 40,3% per year. Net profit for 2025 was 116 576 € (67,4% of revenue). The company was profitable in 3 of the 5 published years. In 2025 the company had 1 employees. Revenue per employee was 173 065 €. At the end of 2025, total assets were 165 018 € and equity 141 879 € (86,0% of assets).

Management and owners

The company has one board member. The sole owner of the company is SIA "Pan Baltic Holding".

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.