Cēsu rajona Vecpiebalgas pagasta zemnieku saimniecība "VEC-KURMJI"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 39 300 € (2% 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 statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 208 785 | 228 841 | 273 310 | 281 048 | 394 559 | 455 627 | 480 218 | 590 971 | 642 135 | 592 177 | 587 088 | 626 289 | 766 635 | 792 932 | 769 905 | 925 418 |
| Total non-current assets | 293 715 | 408 090 | 656 836 | 681 960 | 1 119 648 | 1 481 913 | 1 440 464 | 1 701 451 | 1 774 525 | 1 865 763 | 1 817 864 | 4 890 472 | 4 757 292 | 5 027 076 | 7 170 756 | 7 457 186 |
| Total assets | 502 500 | 636 931 | 930 146 | 963 008 | 1 514 207 | 1 937 540 | 1 920 682 | 2 292 422 | 2 416 660 | 2 457 940 | 2 404 952 | 5 516 761 | 5 523 927 | 5 820 008 | 7 940 661 | 8 382 604 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 41 889 | 54 333 | 111 988 | 106 506 | 52 279 | 27 740 | 73 231 | 116 444 | 93 036 | 112 311 | 103 580 | 425 180 | 179 632 | 270 726 | 442 100 | 495 471 |
| Non-current liabilities | 145 510 | 215 219 | 422 974 | 368 751 | 499 007 | 755 427 | 531 151 | 615 476 | 699 770 | 706 898 | 496 220 | 3 144 508 | 3 180 693 | 3 113 457 | 4 899 544 | 4 929 633 |
| Total liabilities | 187 399 | 269 552 | 534 962 | 475 257 | 551 286 | 783 167 | 604 382 | 731 920 | 792 806 | 819 209 | 599 800 | 3 569 688 | 3 360 325 | 3 384 183 | 5 341 644 | 5 425 104 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 120 448 | 165 585 | 166 642 | 238 496 | 268 915 | 253 452 | 259 981 | 366 588 | 161 469 | 104 877 | 206 421 | 176 621 | 250 242 | 189 223 | 113 192 | 397 783 |
| Total equity | 315 101 | 367 379 | 395 184 | 487 751 | 962 921 | 1 154 373 | 1 316 300 | 1 560 502 | 1 623 854 | 1 638 731 | 1 805 152 | 1 947 073 | 2 163 602 | 2 435 825 | 2 599 017 | 2 957 500 |
| Income statement | ||||||||||||||||
| Sales revenue | 321 803 | 391 414 | 441 661 | 532 406 | 756 554 | 623 564 | 676 387 | 877 782 | 933 568 | 1 036 207 | 992 525 | 1 190 404 | 2 071 955 | 2 326 578 | 2 583 204 | 3 357 748 |
| Operating profit | 135 857 | 184 203 | 195 846 | 259 671 | 288 415 | 277 741 | 270 046 | 379 184 | 181 452 | 127 266 | 223 871 | 225 004 | 322 420 | 337 030 | 331 024 | 615 930 |
| EBITDA | 193 321 | 251 351 | 275 676 | 354 594 | 412 014 | 437 698 | 449 079 | 564 934 | 387 661 | 315 707 | 406 714 | 423 006 | 776 901 | 955 033 | 930 213 | 1 574 448 |
| Profit before income tax | 123 739 | 166 991 | 166 732 | 244 450 | 271 756 | 259 121 | 259 981 | 366 588 | 161 469 | 104 877 | 206 421 | 176 621 | 250 242 | 189 223 | 113 192 | 397 783 |
| Profit for the reporting year | 120 448 | 165 585 | 166 642 | 238 496 | 268 915 | 253 452 | 259 981 | 366 588 | 161 469 | 104 877 | 206 421 | 176 621 | 250 242 | 189 223 | 113 192 | 397 783 |
| Labour costs | 11 369 | 15 387 | 17 679 | 17 769 | 31 111 | 39 432 | 35 981 | 36 533 | 32 195 | 77 816 | 86 760 | 162 726 | 258 516 | 344 393 | 402 812 | 507 133 |
| Depreciation of non-current assets | 57 464 | 67 148 | 79 830 | 94 923 | 123 599 | 159 957 | 179 033 | 185 750 | 206 209 | 188 441 | 182 843 | 198 002 | 454 481 | 618 003 | 599 189 | 958 518 |
| Other indicators | ||||||||||||||||
| Employees | 5 | 7 | 7 | 7 | 9 | 8 | 10 | 10 | 10 | 15 | 15 | 20 | 20 | 26 | 28 | 31 |
| Calculated dividend | — | 113 307 | 138 837 | 145 929 | 0 | 62 000 | 98 054 | 122 386 | 98 117 | 90 000 | 40 000 | 34 700 | 33 713 | 0 | 0 | 39 300 |
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: Cēsu rajona Vecpiebalgas pagasta zemnieku saimniecība "VEC-KURMJI"
Overview
Cēsu rajona Vecpiebalgas pagasta zemnieku saimniecība "VEC-KURMJI" (reg. no. 49501016892) is a farm. The company was registered in 1993 and has been in the register for 33 years. Registered address: Cēsu nov., Vecpiebalgas pag., "Veckurmji".
Financial results
Revenue in 2025 was 3 357 748 €, up 30,0% on the previous year (2 583 204 €). From 2010 to 2025, revenue grew by an average of 16,9% per year. This is the company's highest revenue among the published years (2010–2025). Net profit for 2025 was 397 783 € (11,8% of revenue). The company was profitable in all 16 published years. In 2025 the company had 31 employees (28 a year earlier). Revenue per employee was 108 314 €. At the end of 2025, total assets were 8 382 604 € and equity 2 957 500 € (35,3% of assets).
Management and owners
The company holds a stake in one other active Latvian company.
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.