SIA "Work in progress"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2016–2025
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||
| Total current assets | 6841 | 11 379 | 5350 | 5111 | 2 | 2074 | 2249 | 1670 | 1959 | 2083 |
| Total non-current assets | 0 | 0 | 0 | 453 | 1518 | 1119 | 797 | 797 | 154 | 0 |
| Total assets | 6841 | 11 379 | 5350 | 5564 | 1520 | 3193 | 3046 | 2467 | 2113 | 2083 |
| Balance sheet — liabilities and equity | ||||||||||
| Current liabilities | 6338 | 13 761 | 8629 | 9855 | 3550 | 7617 | 7277 | 12 532 | 10 707 | 10 646 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 12 258 | 9515 | 9466 | 3365 | 1550 | 1550 |
| Total liabilities | 6338 | 13 761 | 8629 | 9855 | 15 808 | 17 132 | 16 743 | 15 897 | 12 257 | 12 196 |
| Share capital | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 303 | -2885 | -11 220 | -1012 | -9997 | 349 | 243 | 279 | 475 | 31 |
| Total equity | 503 | -2382 | -3279 | -4291 | -14 288 | -13 939 | -13 697 | -13 430 | -10 144 | -10 113 |
| Income statement | ||||||||||
| Sales revenue | 9470 | 27 883 | 10 506 | 27 324 | 5980 | 7888 | 7942 | 10 850 | 4545 | 8333 |
| Operating profit | 303 | -2885 | -11 220 | -1012 | -9997 | 349 | 243 | 279 | 475 | 31 |
| Profit before income tax | 303 | -2885 | -11 220 | -1012 | -9997 | 349 | 243 | 279 | 475 | 31 |
| Profit for the reporting year | 303 | -2885 | -11 220 | -1012 | -9997 | 349 | 243 | 279 | 475 | 31 |
| Labour costs | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||
| Employees | 5 | 3 | 3 | 3 | 1 | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | — | 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 "Work in progress"
Overview
SIA "Work in progress" (reg. no. 50203017501) is a limited liability company. The company was registered in 2016 and has been in the register for 10 years. Registered address: Rīga, Lielvārdes iela 6 - 1.
Financial results
Revenue in 2025 was 8333 €, up 83,3% on the previous year (4545 €). From 2016 to 2025, revenue declined by an average of 1,4% per year. Net profit for 2025 was 31 € (0,4% of revenue). The company was profitable in 6 of the 10 published years. According to the report, the company had no employees in 2025.
Management and owners
The company has one board member. The sole owner of the company is SIA "COVERT".
Points to note
Equity was negative at the end of 2025 (-10 113 €).
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.