Company · 16.21 · Manufacture of wood and wood products

AS LATVIJAS FINIERIS

Address confidence: Verified on site

Show on the map Company website Sector: Manufacturing

Turnover · 2025

413.8 M €

+1% vs previous year

Employees

2,508

Turnover per employee: 165 k €

Taxes paid · 2024

19.9 M €

Payroll fund / employees: 15 k €

Payroll fund · 2024 estimate

37.1 M €

Wage estimate, gross: 2,081 €

Tax breakdown · 2026 Q3

Total paid to VID 5.4 M €

Personal income tax 1.8 M €

Social contributions 3.5 M €

VAT paid · after deductions 0 €

VAT refunded by the state 0 €

Quarterly history

Quarter	Total paid to VID	Personal income tax	Social contributions	VAT paid · after deductions	VAT refunded by the state
2026 Q3	5.4 M €	1.8 M €	3.5 M €	0 €	0 €
2026 Q2	5.3 M €	1.7 M €	3.4 M €	0 €	0 €
2026 Q1	6.7 M €	2.4 M €	4.2 M €	0 €	0 €
2025 Q4	5.1 M €	1.7 M €	3.3 M €	0 €	0 €
2024	19.9 M €	7.2 M €	12.6 M €	—	—
2023	18.4 M €	6.5 M €	11.9 M €	—	—
2022	15.9 M €	5.5 M €	10.2 M €	—	—

Financial health · From the 2025 balance sheet

Net profit51.9 M €

Total assets539.3 M €

Equity404.7 M €

Current ratio2.1

Quick ratio1.1

Debt to equity0.3

Equity ratio75.0%

Return on assets9.6%

Return on equity12.8%

Cross-section against the peer median

Compared with companies under NACE code 16.21 — 24.

Turnover

×104

413.8 M € 4.0 M €

Employees

×48

2,508 52

Taxes paid

×94

5.4 M € 58 k €

Payroll

×59

37.1 M € 630 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 100% of peers

Employees

above 100% of peers

This company Peer median · 24

Indicators

Turnover per employee 165 k € ×2.2 of the median

Margin 12.5%

Year on year +1%

Payroll fund estimate 37.1 M €

Registration number 40003094173

Registered address Rīga, Bauskas iela 59

Address Rīga, Bauskas iela 59 ↗

panel.caveats

Location verified against the company’s own website: for manufacturers this is the production site, not the registered office. Figures come from public registers. Wage, export share and address confidence are estimates and are always labelled as such.

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Public contracts

Contracts awarded by public buyers, from the Procurement Monitoring Bureau. Published facts, not estimates.

All time

51 k €

Contracts

Latest contract: 2025-11-21

Largest buyer

SIA “Pansonāts Rokaiži”

Latest contracts

Filed annual reports

Figures the company filed itself. Bar length shows size within the column; the longest is its best year. An empty cell means no report for that year — not a zero.

Year	Turnover	Net profit	Assets	Employees
2025	413.8 M €	51.9 M €	539.3 M €	2508
2024	409.0 M €	57.1 M €	469.7 M €	2417
2023	404.8 M €	44.9 M €	350.5 M €	1455
2022	350.0 M €	34.9 M €	351.2 M €	2362
2021	257.0 M €	15.4 M €	337.9 M €	2531
2020	219.8 M €	10.5 M €	310.8 M €	1492

Source: annual reports from the Register of Enterprises, as filed. A missing year is a missing report, not a loss.

Foreign trade of the industry · 2025

All companies in division 16 — Manufacture of wood and wood products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

2.1 bn €

Industry goods imports

503.4 M €

Goods exports to turnover estimate

55%

Industry goods exports against the turnover of its companies on this site: two sources, so only the order of magnitude holds. A share this high is why companies in the industry pay little net VAT: exported goods carry no VAT.

Exported most: Wood and articles of wood — 2.0 bn €, Miscellaneous manufactured articles — 69.9 M €, Base metals and articles thereof — 7.9 M €

Source: Official Statistics of Latvia, table ATN011, goods trade by the activity of the trading enterprise. “Not published” means the figure would identify a single firm — it is not a zero.