In 2025, SIA "Baltyre Latvia" had revenue of 13.8 million EUR and profit of 714.1 thousand EUR. The company has 24 employees. Beneficial owners: Michal Martinak.
| year | 2025Latest | 2024 | 2023 |
|---|---|---|---|
Revenue | 13,8m € -9.4% | 15,2m € -13.2% | 17,5m € -20.8% |
Profit | 714,1k € -3.4% | 739,2k € -24.5% | 979,6k € -38.7% |
Assets | 7,2m € -6.0% | 7,7m € +1.7% | 7,6m € +1.2% |
Liabilities | 727,7k € -5.6% | 771,2k € -17.0% | 929,4k € -15.6% |
Equity | 6,5m € -6.0% | 6,9m € +4.4% | 6,6m € +4.2% |
Employees | 25 +0.0% | 25 +0.0% | 25 +0.0% |
Overall rating | A+90/100 |
Financial health | 95/100 |
Credit history | 100/100 |
Legal history | 100/100 |
Business activity | 50/100 |
| Overall risk | Low |
No risk flags | |
No tax debts | |
Positive profit | |
Regular report filing | |
| Name, surname | Birth date | Position | Representation rights | Registered | |
|---|---|---|---|---|---|
| Board member | Independently | ||||
| - | Board member | Independently |
SIA "Baltyre Latvia" is located at Jelgava, Aviācijas iela 8, LV-3002.
In 2025, SIA "Baltyre Latvia" had revenue of 13 793 062 EUR and profit of 714 118 EUR. Compared to previous year, revenue decreased by 9.4%. View full financial report →
In 2024, SIA "Baltyre Latvia" had an average of 24 employees. View tax history →
The beneficial owners of SIA "Baltyre Latvia" are Michal Martinak. View ownership details →
Yes, SIA "Baltyre Latvia" is registered as an active VAT payer with VAT number LV43603053166.
In 2024, the average gross salary at SIA "Baltyre Latvia" was approximately 3112,06 € per month (net ~ 2205,10 €). This is an approximate calculation. View salary details →
SIA "Baltyre Latvia" was founded on April 19, 2012. The company has been operating for 14 years.
| Indicator | Value | Rank | Comparison | |
|---|---|---|---|---|
Company age | 14 years | - | 0% | |
Net revenue | 13 793 062,00 € | - | 0% | |
Profit | 714 118,00 € | - | 0% | |
Equity | 6 501 685,00 € | - | 0% | |
Assets | 7 229 394,00 € | - | 0% | |
Fixed assets | 693 539,00 € | - | 0% | |
Investments | 434,00 € | - | 0% | |
Liquidity | 8.98 | - | 90% | |
Profitability | 5.2% | - | 10% | |
Registered capital | 14 225,00 € | - | 0% |
Annual financial report for 2025.
Annual financial report for 2024.
Annual financial report for 2023.
Annual financial report for 2022.
Annual financial report for 2021.
Annual financial report for 2020.
Registered in the Latvian company register.
| Name, surname | Birth date | Shares | Ownership rights | |
|---|---|---|---|---|
| Baltyre Eesti AS | - | 11 380 | 80.00% | |
| Vilnis Kurklietis | 2845 | 20.00% |
| Name, surname | Nationality | Birth date | |
|---|---|---|---|
| Michal Martinak | SK | - |