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Company · 71.12 · Architectural and engineering activities; technical testing

SIA BELSS

From the company website
BELSS is a military systems integrator in the Baltic region, providing communications systems, defence technologies and engineering solutions
BELSS ir militārais integrators Baltijas reģionā, nodrošinot sakaru sistēmas, aizsardzības tehnoloģijas un inženiertehniskos risinājumus

Turnover · 2025

28.6 M €

+56% vs previous year

Employees

60

Turnover per employee: 477 k €

Taxes paid · 2024

1.5 M €

Payroll fund / employees: 21 k €

Payroll fund · 2024 estimate

1.3 M €

Wage estimate, gross: 1,742 €

Tax breakdown · 2026 Q3

Total paid to VID -1018330 €
Personal income tax 80 k €
Social contributions 150 k €
VAT paid · after deductions 118 k €
VAT refunded by the state 1.6 M €

Quarterly history

QuarterTotal paid to VIDPersonal income taxSocial contributionsVAT paid · after deductionsVAT refunded by the state
2026 Q3-1018330 €80 k €150 k €118 k €1.6 M €
2026 Q2-1177680 €74 k €141 k €258 k €1.8 M €
2026 Q1-813030 €68 k €130 k €318 k €1.6 M €
2025 Q4570 k €66 k €122 k €889 k €627 k €
20241.5 M €251 k €435 k €——
20231.5 M €159 k €268 k €——
20221.8 M €158 k €273 k €——

Financial health · From the 2025 balance sheet

Net profit2.9 M €
Total assets17.4 M €
Equity11.7 M €
Current ratio2.3
Quick ratio1.5
Debt to equity0.5
Equity ratio67.3%
Return on assets16.5%
Return on equity24.6%

Cross-section against the peer median

Compared with companies under NACE code 71.12 — 24.

Turnover
×7.3
28.6 M € 3.9 M €
Employees
×2.0
60 31
Taxes paid
÷10
-1018330 € 163 k €
Payroll
×1.8
1.3 M € 725 k €
Logarithmic scale
÷10÷3×1×3×10

Position among peers

Turnover
above 96% of peers
Employees
above 67% of peers
This company Peer median · 24

Indicators

Turnover per employee 477 k € ×3.7 of the median
Margin 10.0%
Year on year +56%
Payroll fund estimate 1.3 M €
Registration number 40003237609
Registered address Mārupes nov., Mārupes pag., "Ezīši

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.

Similar companies

Public contracts

All time

13.9 M €

won jointly: 13

Contracts

65

Latest contract: 2026-09-14

Largest buyer

Valsts aizsardzības loģistikas un iepirkumu centrs

Latest contracts

    Filed annual reports

    YearTurnoverNet profitAssetsEmployees
    202528.6 M € 2.9 M € 17.4 M € 60
    202418.4 M € 1.3 M € 11.9 M € 61
    202318.7 M € 1.1 M € 12.4 M € 46
    202212.0 M € 1.0 M € 12.1 M € 49
    202119.4 M € 2.7 M € 11.8 M € 45
    202016.4 M € 1.7 M € 6.9 M € 43

    Foreign trade of the industry · 2025

    Industry goods exports

    8.0 M €

    Industry goods imports

    65.3 M €