| year | 2025Latest | 2024 | 2023 |
|---|---|---|---|
Revenue | 341,4k € +2.7% | 332,5k € -53.6% | 716,2k € |
Profit | -59,5k € -530.8% | 13,8k € +11.9% | 12,3k € |
Assets | 11,6m € +3456.7% | 327k € -14.1% | 380,7k € |
Liabilities | 6,4m € +2105.5% | 290,9k € -18.8% | 358,4k € |
Equity | 5,2m € +14329.0% | 36,2k € +61.8% | 22,3k € |
Employees | 3 +0.0% | 3 +50.0% | 2 |
Overall rating | B+80/100 |
Financial health | 55/100 |
Credit history | 100/100 |
Legal history | 100/100 |
Business activity | 70/100 |
| Overall risk | Low |
No risk flags | |
No tax debts | |
Regular report filing | |
Positive equity | |
Can cover short-term debts | |
| Indicator | Value | Rank | Comparison | |
|---|---|---|---|---|
Company age | 3 years | 73 - 77 | 15% | |
Net revenue | 341 366,00 € | 22 - 26 | 74% | |
Profit | -59 498,00 € | 70 - 74 | 18% | |
Equity | 5 216 242,00 € | 4 - 8 | 92% | |
Assets | 11 631 822,00 € | 5 - 9 | 93% | |
Fixed assets | 3153,00 € | - | 10% | |
Investments | 11 270 018,00 € | - | 90% | |
Liquidity | 3.45 | - | 90% | |
Profitability | -17.4% | - | 10% | |
Registered capital | 5 249 590,42 € | - | 90% |
| Name, surname | Birth date | Position | Representation rights | Registered | |
|---|---|---|---|---|---|
| Board member | Independently |
Saules Energy SIA is located at Rīga, Roberta Hirša iela 1, LV-1045.
In 2025, Saules Energy SIA had revenue of 341 366 € and loss of 59 498 €. Compared to previous year, revenue increased by 2.7%. View full financial report →
Saules Energy SIA's estimated company value is calculated from its publicly filed financial statements, using earnings, revenue, asset-based and discounted-cash-flow methods. See full valuation →
In 2024, Saules Energy SIA had an average of 3 employees. View tax history →
The beneficial owners of Saules Energy SIA are Jānis Pizičs and Mikus Janvars. View ownership details →
Yes, Saules Energy SIA is registered as an active VAT payer with VAT number LV50203458791.
In 2024, the average gross salary at Saules Energy SIA was approximately 2601,77 € per month (net ~ 1864,85 €). This is an approximate calculation. View salary details →
Saules Energy SIA was founded on February 1, 2023. The company has been operating for 3 years.
In 2025, Saules Energy SIA had revenue of 341.4 thousand € and loss of 59.5 thousand €. The company has 3 employees. Beneficial owners: Jānis Pizičs, Mikus Janvars.
| Name, surname | Shares | Ownership rights | |
|---|---|---|---|
| KS Merito Sustainable Energy FUND I AIF | 393 719 283 | 75.00% | |
| Eco Energy Investments SIA | 49 214 910 | 9.37% | |
| SIA "SOLAR ENERGY FUND" | 49 214 910 | 9.37% | |
| SIA LG management | 32 809 939 | 6.25% | |
| Name, surname | Nationality | Birth date | |
|---|---|---|---|
| Jānis Pizičs | LV | ||
| Mikus Janvars | LV |
| Name | Registration number | Relationship |
|---|---|---|
| Inčukalna SES SIA | 40203471891 | Subsidiary |
| Cēsu SES SIA | 40203390675 | Subsidiary |
| Brenguļu SES SIA | 40203383870 | Subsidiary |
| Valmieras SES SIA | 50203380611 | Subsidiary |
| Zilupes SES SIA | 40203241378 | Subsidiary |
| Kokneses SES SIA | 50203461081 | Subsidiary |
| SIA Saules BESS | 40203716498 | Subsidiary |
| Carnikavas SES SIA | 40203386792 | Subsidiary |
| Kalkūnes SES SIA | 40103742121 | Subsidiary |
Annual financial report for 2025.
Annual financial report for 2024.
Annual financial report for 2023.
Registered in the Latvian company register.