SIA "VGP Industrial Development Latvia"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Balance sheet — assets | |||||
| Total current assets | 938 773 | 840 256 | 703 264 | 632 497 | 2 325 602 |
| Total non-current assets | 3539 | 4879 | 6128 | 11 454 | 45 890 |
| Total assets | 942 312 | 845 135 | 709 392 | 643 951 | 2 371 492 |
| Balance sheet — liabilities and equity | |||||
| Current liabilities | 948 683 | 904 674 | 491 181 | 41 459 | 224 987 |
| Non-current liabilities | 0 | 0 | 0 | 843 630 | 2 252 604 |
| Total liabilities | 948 683 | 904 674 | 491 181 | 885 089 | 2 477 591 |
| Share capital | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — |
| Profit for the year | -9171 | -53 168 | -222 249 | -459 350 | -864 961 |
| Total equity | -6371 | -59 539 | 218 211 | -241 138 | -106 099 |
| Income statement | |||||
| Sales revenue | 795 231 | 811 210 | 544 660 | 486 235 | 883 076 |
| Operating profit | -2475 | -28 489 | -164 565 | -423 691 | -759 725 |
| Profit before income tax | -9097 | -40 951 | -203 435 | -447 368 | -832 719 |
| Profit for the reporting year | -9171 | -53 168 | -222 249 | -459 350 | -864 961 |
| Labour costs | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — |
| Other indicators | |||||
| Employees | 4 | 4 | 5 | 5 | 9 |
| Calculated dividend | — | 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 "VGP Industrial Development Latvia"
Overview
SIA "VGP Industrial Development Latvia" (reg. no. 50203263771) is a limited liability company. The company was registered in 2020 and has been in the register for 6 years. Registered address: Rīga, Satekles iela 2B.
Financial results
Revenue in 2025 was 883 076 €, up 81,6% on the previous year (486 235 €). From 2021 to 2025, revenue grew by an average of 2,7% per year. This is the company's highest revenue among the published years (2021–2025). 2025 ended with a loss of 864 961 €. The company made a loss in all 5 published years. In 2025 the company had 9 employees (5 a year earlier). Revenue per employee was 98 120 €.
Management and owners
The company has one board member. The sole owner of the company is VGP NV.
Points to note
Equity was negative at the end of 2025 (-106 099 €).
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.