Company · 38.12 · Waste collection, treatment and disposal; materials recovery

AS BAO

Address confidence: Confirmed

Show on the map Company website Sector: Water and waste

From the company website
Recycling of electronic waste, industrial and car repair waste, hazardous household waste and other types of hazardous waste for businesses and private individuals
Elektronikas, ražošanas un autoservisu atkritumu, sadzīves bīstamo atkritumu un citu veidu bīstamo atkritumu pārstrāde uzņēmumiem un privātpersonām

Turnover · 2025

15.8 M €

+24% vs previous year

Employees

Turnover per employee: 213 k €

Taxes paid · 2024

2.1 M €

Payroll fund / employees: 21 k €

Payroll fund · 2024 estimate

1.5 M €

Wage estimate, gross: 1,889 €

Tax breakdown · 2026 Q3

Total paid to VID 859 k €

Personal income tax 89 k €

Social contributions 175 k €

VAT paid · after deductions 595 k €

VAT refunded by the state 0 €

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	859 k €	89 k €	175 k €	595 k €	0 €
2026 Q2	396 k €	79 k €	155 k €	153 k €	0 €
2026 Q1	627 k €	67 k €	142 k €	416 k €	0 €
2025 Q4	845 k €	79 k €	157 k €	558 k €	0 €
2024	2.1 M €	285 k €	525 k €	—	—
2023	1.8 M €	263 k €	489 k €	—	—
2022	1.5 M €	233 k €	438 k €	—	—

Financial health · From the 2025 balance sheet

Net profit4.3 M €

Total assets17.9 M €

Equity15.7 M €

Current ratio12.3

Quick ratio11.8

Debt to equity0.1

Equity ratio87.5%

Return on assets24.0%

Return on equity27.4%

Cross-section against the peer median

Not enough companies under the exact code — compared within NACE division 38 · Waste collection, treatment and disposal; materials recovery — 24.

Turnover

×1.9

15.8 M € 8.5 M €

Employees

×1.2

74 64

Taxes paid

×1.6

859 k € 536 k €

Payroll

×1.4

1.5 M € 1.1 M €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 67% of peers

Employees

above 58% of peers

This company Peer median · 24

Indicators

Turnover per employee 213 k € ×1.6 of the median

Margin 27.3%

Year on year +24%

Payroll fund estimate 1.5 M €

Registration number 40003320069

Registered address Olaines nov., Olaine, Celtnieku iela 3A

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

9.4 M €

won jointly: 3

Contracts

Latest contract: 2026-10-01

Largest buyer

LR Tieslietu ministrijas Ieslodzījuma vietu pārvalde

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	15.8 M €	4.3 M €	17.9 M €	74
2024	12.7 M €	4.1 M €	14.0 M €	68
2023	11.0 M €	533 k €	10.8 M €	68
2022	10.1 M €	693 k €	10.6 M €	67
2021	9.2 M €	956 k €	10.3 M €	68
2020	9.4 M €	2.4 M €	9.9 M €	67

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 38 — Waste collection, treatment and disposal; materials recovery — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

24.2 M €

Industry goods imports

22.7 M €

Goods exports to turnover estimate

Industry goods exports against the turnover of its companies on this site: two sources, so only the order of magnitude holds.

Exported most: Base metals and articles thereof — 8.3 M €, Plastics and rubber — 5.7 M €, Pulp, paper and paperboard — 5.5 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.