SIA M DevelopActive
Key figures
Ratios
2024Balance sheet structure
Dividends
calculatedNo dividends were paid.
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 17 619 | 41 030 | 51 617 | 73 558 | 94 452 | 109 346 |
| Total non-current assets | 0 | 3665 | 2247 | 5212 | 2979 | 745 |
| Total assets | 17 619 | 44 695 | 53 864 | 78 770 | 97 431 | 110 091 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 411 | 1962 | 4480 | 18 622 | 37 116 | 28 315 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 411 | 1962 | 4480 | 18 622 | 37 116 | 28 315 |
| Share capital | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — |
| Profit for the year | 15 608 | 25 525 | 11 951 | 17 764 | 12 167 | 21 461 |
| Total equity | 17 208 | 42 733 | 49 384 | 60 148 | 60 315 | 81 776 |
| Income statement | ||||||
| Sales revenue | 49 728 | 81 305 | 80 756 | 134 369 | 168 958 | 182 565 |
| Operating profit | 15 608 | 25 525 | 13 576 | 17 764 | 12 167 | 21 461 |
| Profit before income tax | 15 608 | 25 525 | 13 576 | 17 764 | 12 167 | 21 461 |
| Profit for the reporting year | 15 608 | 25 525 | 11 951 | 17 764 | 12 167 | 21 461 |
| Labour costs | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — |
| Other indicators | ||||||
| Employees | 1 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 0 | 5300 | 7000 | 12 000 | 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 M Develop
Overview
SIA M Develop (reg. no. 52103090731) is a limited liability company. The company was registered in 2019 and has been in the register for 7 years. Registered address: Rīga, Tālavas gatve 9 - 34.
Financial results
Revenue in 2024 was 182 565 €, up 8,1% on the previous year (168 958 €). From 2019 to 2024, revenue grew by an average of 29,7% per year. This is the company's highest revenue among the published years (2019–2024). Net profit for 2024 was 21 461 € (11,8% of revenue). The company was profitable in all 6 published years. In 2024 the company had 1 employees. Revenue per employee was 182 565 €. At the end of 2024, total assets were 110 091 € and equity 81 776 € (74,3% of assets).
Management and owners
The company has one board member. The sole owner of the company is a private individual.
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.