Latvia MGI Tech SIAActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2017–2025
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||
| Total current assets | 61 857 | 188 973 | 716 729 | 15 594 524 | 46 994 130 | 37 420 691 | 38 492 878 | 40 191 391 | 55 059 373 |
| Total non-current assets | 19 810 | 752 072 | 6 128 773 | 12 699 980 | 14 207 207 | 12 524 175 | 11 218 820 | 6 387 178 | 5 369 720 |
| Total assets | 81 667 | 941 045 | 6 845 502 | 28 294 504 | 61 201 337 | 49 944 866 | 49 711 698 | 46 578 569 | 60 429 093 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 25 274 | 662 817 | 4 587 542 | 31 532 573 | 61 837 887 | 56 180 109 | 61 774 029 | 6 581 264 | 22 988 900 |
| Non-current liabilities | 0 | 643 167 | 3 834 555 | 0 | 0 | 0 | 0 | 52 992 269 | 48 992 269 |
| Total liabilities | 25 274 | 1 305 984 | 8 422 097 | 31 532 573 | 61 837 887 | 56 180 109 | 61 774 029 | 59 573 533 | 71 981 169 |
| Share capital | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — |
| Profit for the year | -43 607 | -421 332 | -1 211 656 | -2 072 119 | 2 334 693 | -5 237 612 | -5 527 690 | -928 392 | 1 442 888 |
| Total equity | 56 393 | -364 939 | -1 576 595 | -3 645 441 | -1 291 988 | -6 534 965 | -12 062 331 | -12 994 964 | -11 552 076 |
| Income statement | |||||||||
| Sales revenue | 0 | 0 | 181 604 | 6 006 409 | 64 484 229 | 49 855 590 | 21 521 113 | 12 703 642 | 19 502 780 |
| Operating profit | -43 607 | -418 430 | -1 188 746 | -2 066 791 | 2 211 550 | -5 065 438 | -5 349 096 | -1 093 993 | 1 444 415 |
| EBITDA | -43 607 | -418 430 | — | — | — | — | — | — | — |
| Profit before income tax | -43 607 | -418 430 | -1 188 746 | -2 066 815 | 2 362 504 | -5 173 495 | -5 433 376 | -887 886 | 1 466 475 |
| Profit for the reporting year | -43 607 | -421 332 | -1 211 656 | -2 072 119 | 2 334 693 | -5 237 612 | -5 527 690 | -928 392 | 1 442 888 |
| Labour costs | 0 | 0 | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 0 | 0 | — | — | — | — | — | — | — |
| Other indicators | |||||||||
| Employees | 1 | 7 | 7 | 22 | 46 | 69 | 59 | 56 | 37 |
| Calculated dividend | — | 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: Latvia MGI Tech SIA
Overview
Latvia MGI Tech SIA (reg. no. 50203081351) is a limited liability company. The company was registered in 2017 and has been in the register for 9 years. Registered address: Mārupes nov., Mārupes pag., "Lidostas parks".
Financial results
Revenue in 2025 was 19 502 780 €, up 53,5% on the previous year (12 703 642 €). Net profit for 2025 was 1 442 888 € (7,4% of revenue). The company was profitable in 2 of the 9 published years. In 2025 the company had 37 employees (56 a year earlier). Revenue per employee was 527 102 €.
Management and owners
The board has 3 members. The sole owner of the company is MGI Tech Holding Netherlands B.V..
Points to note
Equity was negative at the end of 2025 (-11 552 076 €).
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.