Company · 43.21 · Specialised construction activities

SIA BELAM-RĪGA

Address confidence: Confirmed

Show on the map Group website Sector: Construction

Turnover · 2025

18.4 M €

-7% vs previous year

Employees

198

Turnover per employee: 93 k €

Taxes paid · 2024

2.0 M €

Payroll fund / employees: 17 k €

Payroll fund · 2024 estimate

3.3 M €

Wage estimate, gross: 1,922 €

Tax breakdown · 2026 Q3

Total paid to VID 342 k €

Personal income tax 154 k €

Social contributions 326 k €

VAT paid · after deductions 0 €

VAT refunded by the state 140 k €

Money paid to and returned by the tax office during the quarter, not tax charged. VAT on purchases is already deducted inside the payment — it does not appear here separately. A refund arises only when deductions exceed the VAT charged on sales: for exporters, intra-EU suppliers, and under the domestic reverse charge (construction, timber, scrap metal), not for every company with large purchases. Compare with the turnover of the same quarter, not of the year.

Quarterly history

Quarter	Total paid to VID	Personal income tax	Social contributions	VAT paid · after deductions	VAT refunded by the state
2026 Q3	342 k €	154 k €	326 k €	0 €	140 k €
2026 Q2	374 k €	138 k €	296 k €	15 k €	76 k €
2026 Q1	222 k €	148 k €	308 k €	2 k €	240 k €
2025 Q4	490 k €	149 k €	312 k €	38 k €	10 k €
2024	2.0 M €	597 k €	1.1 M €	—	—
2023	1.8 M €	499 k €	1.0 M €	—	—
2022	1.1 M €	391 k €	830 k €	—	—

Financial health · From the 2025 balance sheet

Net profit769 k €

Total assets35.6 M €

Equity10.0 M €

Current ratio2.5

Quick ratio2.0

Debt to equity2.6

Equity ratio28.0%

Return on assets2.2%

Return on equity7.7%

Cross-section against the peer median

Compared with companies under NACE code 43.21 — 24.

Turnover

×3.6

18.4 M € 5.1 M €

Employees

×4.7

198 43

Taxes paid

×4.4

342 k € 78 k €

Payroll

×4.9

3.3 M € 675 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 92% of peers

Employees

above 100% of peers

This company Peer median · 24

Indicators

Turnover per employee 93 k € ×0.8 of the median

Margin 4.2%

Year on year -7%

Payroll fund estimate 3.3 M €

Registration number 40003171311

Registered address Rīga, Ģertrūdes iela 94

panel.caveats

Building coordinate from the State Address Register. 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

4.7 M €

won jointly: 10

Contracts

Latest contract: 2026-07-17

Largest buyer

Valsts digitālās attīstības aģentūra

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	18.4 M €	769 k €	35.6 M €	198
2024	19.7 M €	176 k €	32.8 M €	193
2023	37.7 M €	483 k €	34.1 M €	189
2022	23.1 M €	380 k €	39.0 M €	199
2021	15.2 M €	1.9 M €	42.1 M €	187
2020	9.0 M €	49 k €	34.1 M €	157

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 43 — Specialised construction activities — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

20.9 M €

Industry goods imports

81.5 M €

Exported most: Base metals and articles thereof — 6.2 M €, Miscellaneous manufactured articles — 5.3 M €, Chemical products — 5.2 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.