SIA "Kvites"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 8054 € (7% 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 statements2012–2025
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 65 403 | 37 199 | 33 182 | 41 044 | 52 441 | 78 109 | 46 367 | 83 401 | 74 678 | 134 217 | 217 570 | 211 836 | 287 398 | 722 884 |
| Total non-current assets | 19 313 | 13 776 | 1437 | 298 | 2543 | 3792 | 3915 | 5730 | 3258 | 6917 | 5741 | 10 282 | 56 342 | 92 746 |
| Total assets | 84 716 | 50 975 | 34 619 | 41 342 | 54 984 | 81 901 | 50 282 | 89 131 | 77 936 | 141 134 | 223 311 | 222 118 | 343 740 | 815 630 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 1241 | 68 192 | 66 865 | 84 145 | 16 655 | 41 604 | 26 648 | 65 722 | 48 986 | 105 043 | 164 149 | 132 762 | 182 863 | 603 210 |
| Non-current liabilities | 1587 | 1340 | 157 | 17 | 0 | 433 | 1294 | 0 | 0 | 1432 | 1096 | 343 | 49 414 | 64 591 |
| Total liabilities | 2828 | 69 532 | 67 022 | 84 162 | 16 655 | 42 037 | 27 942 | 65 722 | 48 986 | 106 475 | 165 245 | 133 105 | 232 277 | 667 801 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 79 888 | -20 557 | -5996 | -10 417 | 81 151 | 1535 | -11 124 | 1070 | 5540 | 5709 | 23 407 | 30 948 | 22 450 | 44 420 |
| Total equity | 81 888 | -18 557 | -32 403 | -42 820 | 38 329 | 39 864 | 22 340 | 23 409 | 28 950 | 34 659 | 58 066 | 89 013 | 111 463 | 147 829 |
| Income statement | ||||||||||||||
| Sales revenue | 457 046 | 7889 | 23 344 | 10 852 | 152 191 | 92 269 | 93 818 | 212 908 | 230 745 | 311 318 | 477 749 | 714 587 | 756 738 | 918 966 |
| Operating profit | 93 986 | -20 804 | -7746 | -10 557 | 90 810 | 1718 | -10 194 | 1070 | 5540 | 5709 | 23 407 | 30 798 | 23 975 | 46 543 |
| Profit before income tax | 93 986 | -20 804 | -7746 | -10 557 | 90 810 | 1718 | -10 194 | 1070 | 5540 | 5709 | 23 407 | 30 948 | 22 450 | 44 420 |
| Profit for the reporting year | 79 888 | -20 557 | -5996 | -10 417 | 81 151 | 1535 | -11 124 | 1070 | 5540 | 5709 | 23 407 | 30 948 | 22 450 | 44 420 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||
| Employees | 4 | 4 | 2 | 3 | 4 | 5 | 5 | 9 | 11 | 12 | 11 | 13 | 14 | 12 |
| Calculated dividend | — | 79 888 | 0 | 0 | 0 | 0 | 6400 | 0 | 0 | 0 | 0 | 0 | 0 | 8054 |
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 "Kvites"
Overview
SIA "Kvites" (reg. no. 50103182991) is a limited liability company. The company was registered in 2008 and has been in the register for 18 years. Registered address: Mārupes nov., Mārupe, Stīpnieku ceļš 30A.
Financial results
Revenue in 2025 was 918 966 €, up 21,4% on the previous year (756 738 €). From 2012 to 2025, revenue grew by an average of 5,5% per year. This is the company's highest revenue among the published years (2012–2025). Net profit for 2025 was 44 420 € (4,8% of revenue). The company was profitable in 10 of the 14 published years. In 2025 the company had 12 employees (14 a year earlier). Revenue per employee was 76 581 €. At the end of 2025, total assets were 815 630 € and equity 147 829 € (18,1% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by 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.