SIA "Arctic Paper Baltic States"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2012–2025
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 156 895 | 202 088 | 288 943 | 135 523 | 140 088 | 153 569 | 90 959 | 109 688 | 108 816 | 108 076 | 147 700 | 195 551 | 177 427 | 237 372 |
| Total non-current assets | 24 424 | 36 672 | 56 251 | 34 761 | 17 060 | 58 728 | 39 689 | 47 895 | 27 731 | 44 511 | 30 767 | 19 853 | 10 340 | 37 996 |
| Total assets | 181 319 | 238 760 | 345 194 | 170 284 | 157 148 | 212 297 | 130 648 | 157 583 | 136 547 | 152 587 | 178 467 | 215 404 | 187 767 | 275 368 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 27 939 | 40 031 | 44 987 | 42 832 | 49 301 | 69 726 | 55 354 | 67 698 | 47 379 | 78 409 | 62 884 | 88 125 | 51 426 | 55 458 |
| Non-current liabilities | 11 711 | 19 709 | 34 244 | 16 643 | 6324 | 37 384 | 23 226 | 23 768 | 8645 | 27 723 | 16 975 | 8183 | 0 | 27 351 |
| Total liabilities | 39 650 | 59 740 | 79 231 | 59 475 | 55 625 | 107 110 | 78 580 | 91 466 | 56 024 | 106 132 | 79 859 | 96 308 | 51 426 | 82 809 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -10 104 | 36 504 | 15 014 | 21 594 | 7809 | 3664 | 4061 | 14 049 | 14 406 | -8468 | 52 153 | 20 488 | 17 245 | 56 218 |
| Total equity | 130 134 | 166 638 | 252 120 | 93 714 | 101 523 | 105 187 | 52 068 | 66 117 | 80 523 | 46 455 | 98 608 | 119 096 | 136 341 | 192 559 |
| Income statement | ||||||||||||||
| Sales revenue | 179 902 | 277 883 | 268 326 | 299 436 | 285 502 | 269 016 | 306 360 | 349 427 | 362 246 | 285 684 | 375 079 | 368 777 | 385 666 | 435 742 |
| Operating profit | -6935 | 49 656 | 20 966 | 28 593 | 12 136 | 4719 | 6713 | 16 023 | 15 235 | -1583 | 54 520 | 25 009 | 20 406 | 59 426 |
| Profit before income tax | -10 104 | 46 841 | 19 428 | 27 444 | 11 464 | 4108 | 5767 | 14 966 | 14 406 | -2051 | 53 246 | 21 422 | 17 496 | 56 878 |
| Profit for the reporting year | -10 104 | 36 504 | 15 014 | 21 594 | 7809 | 3664 | 4061 | 14 049 | 14 406 | -8468 | 52 153 | 20 488 | 17 245 | 56 218 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||
| Employees | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 5 | 4 | 4 | 4 | 4 | 4 |
| Calculated dividend | — | 0 | 0 | 180 000 | 0 | 0 | 57 180 | 0 | 0 | 25 600 | 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 "Arctic Paper Baltic States"
Overview
SIA "Arctic Paper Baltic States" (reg. no. 50003326701) is a limited liability company. The company was registered in 1997 and has been in the register for 29 years. Registered address: Rīga, Krišjāņa Valdemāra iela 33 - 20.
Financial results
Revenue in 2025 was 435 742 €, up 13,0% on the previous year (385 666 €). From 2012 to 2025, revenue grew by an average of 7,0% per year. This is the company's highest revenue among the published years (2012–2025). Net profit for 2025 was 56 218 € (12,9% of revenue). The company was profitable in 12 of the 14 published years. In 2025 the company had 4 employees. Revenue per employee was 108 936 €. At the end of 2025, total assets were 275 368 € and equity 192 559 € (69,9% of assets).
Management and owners
The board has 3 members. The sole owner of the company is Arctic Paper S.A..
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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.