SIA "SPH Engineering"Active
Key figures
Ratios
2024Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2013–2024
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 36 758 | 547 134 | 742 073 | 92 822 | 7 535 574 | 1 421 015 | 819 284 | 878 277 | 985 149 | 1 935 917 | 1 104 266 | 1 690 280 |
| Total non-current assets | 203 475 | 80 660 | 170 509 | 143 934 | 107 379 | 91 577 | 333 414 | 591 395 | 765 207 | 789 710 | 788 125 | 697 574 |
| Total assets | 240 233 | 627 794 | 912 582 | 236 756 | 7 642 953 | 1 512 592 | 1 152 698 | 1 469 672 | 1 750 356 | 2 725 627 | 1 892 391 | 2 387 854 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 18 359 | 69 790 | 339 802 | 112 077 | 7 088 933 | 648 552 | 599 212 | 694 881 | 1 052 614 | 1 790 570 | 2 006 695 | 2 903 297 |
| Non-current liabilities | 293 337 | 801 742 | 1 041 928 | 0 | 0 | 0 | 0 | 129 761 | 169 761 | 169 761 | 188 255 | 172 514 |
| Total liabilities | 311 696 | 871 532 | 1 381 730 | 112 077 | 7 088 933 | 648 552 | 599 212 | 824 642 | 1 222 375 | 1 960 331 | 2 194 950 | 3 075 811 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -87 292 | -151 031 | -224 874 | 183 313 | 429 341 | 333 420 | -310 554 | 90 598 | -117 049 | 228 589 | -1 058 158 | -385 398 |
| Total equity | -85 292 | -272 391 | -497 265 | 121 279 | 550 620 | 864 040 | 553 486 | 644 058 | 527 009 | 755 598 | -302 559 | -687 957 |
| Income statement | ||||||||||||
| Sales revenue | 0 | 608 | 799 851 | 1 047 728 | 8 942 208 | 3 607 049 | 4 077 321 | 2 531 074 | 3 898 239 | 7 243 709 | 7 110 496 | 8 447 169 |
| Operating profit | -87 292 | -140 323 | -201 020 | 228 009 | 507 825 | 333 420 | -310 554 | 89 093 | -90 337 | 258 089 | -1 050 159 | -380 138 |
| Profit before income tax | -87 292 | -151 031 | -224 184 | 200 101 | 507 825 | 333 420 | -310 554 | 90 598 | -117 049 | 228 589 | -1 058 158 | -385 398 |
| Profit for the reporting year | -87 292 | -151 031 | -224 874 | 183 313 | 429 341 | 333 420 | -310 554 | 90 598 | -117 049 | 228 589 | -1 058 158 | -385 398 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 5 | 6 | 10 | 12 | 14 | 15 | 21 | 23 | 23 | 32 | 46 | 49 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 20 000 | 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 "SPH Engineering"
Overview
SIA "SPH Engineering" (reg. no. 50103629321) is a limited liability company. The company was registered in 2013 and has been in the register for 13 years. Registered address: Rīga, Dzirnavu iela 62 - 9.
Financial results
Revenue in 2024 was 8 447 169 €, up 18,8% on the previous year (7 110 496 €). 2024 ended with a loss of 385 398 €. The company was profitable in 5 of the 12 published years. In 2024 the company had 49 employees (46 a year earlier). Revenue per employee was 172 391 €.
Management and owners
The board has 2 members. The sole owner of the company is Smart Projects Holdings Limited.
Points to note
Equity was negative at the end of 2024 (-687 957 €).
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.