SIA OVEL GROUP construction companyActive
Key figures
Ratios
2025Balance sheet structure
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 | 590 | 645 | 101 | 237 | 456 | 795 | 5133 | 4324 | 1060 | 6974 | 20 778 | 16 187 | 24 338 | 16 488 | 990 | 1415 |
| Total non-current assets | 567 | 1219 | 1572 | 1342 | 1826 | 1074 | 1046 | 1232 | 540 | 1073 | 1122 | 3372 | 4292 | 2860 | 0 | 1933 |
| Total assets | 1157 | 1864 | 1673 | 1579 | 2282 | 1869 | 6179 | 5556 | 1600 | 8047 | 21 900 | 19 559 | 28 630 | 19 348 | 990 | 3348 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 12 651 | 14 313 | 0 | 2172 | 934 | 2255 | 3877 | 2785 | 1719 | 2297 | 938 | 5350 | 4669 | 3715 | 990 | 2080 |
| Non-current liabilities | 0 | 0 | 14 075 | 11 747 | 20 551 | 23 725 | 36 633 | 49 498 | 60 678 | 78 043 | 102 348 | 96 458 | 92 413 | 71 523 | 0 | 0 |
| Total liabilities | 12 651 | 14 313 | 14 075 | 13 919 | 21 485 | 25 980 | 40 510 | 52 283 | 62 397 | 80 340 | 103 286 | 101 808 | 97 082 | 75 238 | 990 | 2080 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -5895 | -955 | 47 | 62 | -1645 | -4902 | -10 220 | -12 396 | -14 070 | -11 496 | -9093 | -863 | 13 797 | 12 562 | 55 890 | 1268 |
| Total equity | -11 494 | -12 449 | -12 402 | -12 340 | -19 203 | -24 111 | -34 331 | -46 727 | -60 797 | -72 293 | -81 386 | -82 249 | -68 452 | -55 890 | 0 | 1268 |
| Income statement | ||||||||||||||||
| Sales revenue | 5244 | 7626 | 8738 | 11 744 | 12 892 | 7402 | 9259 | 11 437 | 8854 | 20 745 | 31 049 | 53 322 | 88 319 | 65 200 | 17 226 | 3953 |
| Operating profit | -5895 | -955 | 47 | 62 | -1645 | -4902 | -10 220 | -12 396 | -14 070 | -11 496 | -9093 | -863 | 13 797 | 12 562 | 55 890 | 1268 |
| EBITDA | — | — | 47 | 62 | -662 | — | — | — | — | — | — | — | — | — | — | — |
| Profit before income tax | -5895 | -955 | 47 | 62 | -1645 | -4902 | -10 220 | -12 396 | -14 070 | -11 496 | -9093 | -863 | 13 797 | 12 562 | 55 890 | 1268 |
| Profit for the reporting year | -5895 | -955 | 47 | 62 | -1645 | -4902 | -10 220 | -12 396 | -14 070 | -11 496 | -9093 | -863 | 13 797 | 12 562 | 55 890 | 1268 |
| Labour costs | — | — | 0 | 0 | 1836 | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | 0 | 0 | 983 | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 8 | 8 | 6 | 7 | 10 | 10 | 7 | 5 | 4 | 3 | 2 | 2 | 3 | 3 | 3 | 2 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 OVEL GROUP construction company
Overview
SIA OVEL GROUP construction company (reg. no. 50003423941) is a limited liability company. The company was registered in 1998 and has been in the register for 27 years. Registered address: Augšdaugavas nov., Laucesas pag., "Rubuļi".
Financial results
Revenue in 2025 was 3953 €, down 77,1% on the previous year (17 226 €). From 2010 to 2025, revenue declined by an average of 1,9% per year. This is the company's lowest revenue among the published years (2010–2025). Net profit for 2025 was 1268 € (32,1% of revenue). The company was profitable in 6 of the 16 published years. In 2025 the company had 2 employees (3 a year earlier). Revenue per employee was 1977 €. At the end of 2025, total assets were 3348 € and equity 1268 € (37,9% 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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.