SIA "VANAGI 2"Active

50103383151Limited liability companyFounded 2011

Key figures

224 933 €+11,7%

Revenue 2025

+47,8%

Average annual growth 2011–2025

Ratios

2025

28,1%

EBITDA margin

14,0%

Profit margin

-64,3%

Equity ratio

5,6×

Current ratio

Balance sheet structure

Current assetsNon-current assetsLiabilitiesEquity

Summary of financial statements2011–2025

	2011	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Balance sheet — assets
Total current assets	70 835	94 708	175 046	118 519	118 996	144 394	161 398	153 217	230 779	260 973	316 187	275 433	326 558	302 544
Total non-current assets	2923	3358	22 620	54 240	50 428	53 496	73 547	65 602	51 135	62 986	52 302	89 446	90 806	101 449
Total assets	73 758	98 066	197 666	172 759	169 424	197 890	234 945	218 819	281 914	323 959	368 489	364 879	417 364	403 993
Balance sheet — liabilities and equity
Current liabilities	21 954	17 720	23 480	26 022	8234	10 564	7288	4756	13 079	20 568	27 504	39 752	59 448	53 931
Non-current liabilities	73 917	129 395	257 142	327 027	389 251	435 387	565 615	654 749	688 128	666 871	672 108	664 248	649 068	609 825
Total liabilities	95 871	147 115	280 622	353 049	397 485	445 951	572 903	659 505	701 207	687 439	699 612	704 000	708 516	663 756
Share capital	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Retained earnings of previous periods	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for the year	-24 113	-26 462	-13 166	-97 334	-47 771	-20 000	-89 897	-102 728	21 393	55 813	32 357	-7998	47 969	31 389
Total equity	-22 113	-49 049	-82 956	-180 290	-228 061	-248 061	-337 958	-440 686	-419 293	-363 480	-331 123	-339 121	-291 152	-259 763
Income statement
Sales revenue	1397	5100	17 916	22 993	2609	24 684	2770	10 122	123 471	151 654	184 464	196 629	201 420	224 933
Operating profit	-22 618	-29 815	-13 486	-90 603	-35 865	-10 279	-78 299	-88 666	36 773	70 661	47 636	6480	62 042	47 091
EBITDA	-22 559	-29 134	-10 711	-84 249	-29 901	-578	-70 659	-79 916	53 476	83 424	61 598	21 650	81 736	63 276
Profit before income tax	-24 113	-26 462	-13 166	-97 334	-47 771	-20 000	-89 847	-102 728	21 393	55 813	32 357	-7951	47 997	34 463
Profit for the reporting year	-24 113	-26 462	-13 166	-97 334	-47 771	-20 000	-89 897	-102 728	21 393	55 813	32 357	-7998	47 969	31 389
Labour costs	119	1656	2085	1575	225	0	0	4825	17 756	29 006	35 100	44 167	51 730	66 864
Depreciation of non-current assets	59	681	2775	6354	5964	9701	7640	8750	16 703	12 763	13 962	15 170	19 694	16 185
Other indicators
Employees	1	3	3	3	3	1	0	2	2	3	4	3	4	4
Calculated dividend	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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Same registered address

Summary: SIA "VANAGI 2"

Overview

SIA "VANAGI 2" (reg. no. 50103383151) is a limited liability company. The company was registered in 2011 and has been in the register for 15 years. Registered address: Preiļu nov., Upmalas pag., Vanagi, "Vanaga ligzda".

Financial results

Revenue in 2025 was 224 933 €, up 11,7% on the previous year (201 420 €). From 2011 to 2025, revenue grew by an average of 47,8% per year. This is the company's highest revenue among the published years (2011–2025). Net profit for 2025 was 31 389 € (14,0% of revenue). The company was profitable in 5 of the 14 published years. In 2025 the company had 4 employees. Revenue per employee was 56 233 €.

Management and owners

The company has one board member. The sole owner of the company is a private individual.

Points to note

Equity was negative at the end of 2025 (-259 763 €).

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.