Company · 68.20 · Real estate activities

SIA Valsts sabiedrība ar ierobežotu atbildību "Zemkopības ministrijas nekustamie īpašumi"

Address confidence: Confirmed

Show on the map Find website Sector: Real estate

Turnover · 2025

13.2 M €

+52% vs previous year

Employees

135

Turnover per employee: 98 k €

Taxes paid · 2024

2.0 M €

Payroll fund / employees: 20 k €

Payroll fund · 2024 estimate

2.6 M €

Wage estimate, gross: 1,621 €

Tax breakdown · 2026 Q3

Total paid to VID 1.3 M €

Personal income tax 112 k €

Social contributions 240 k €

VAT paid · after deductions 941 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	1.3 M €	112 k €	240 k €	941 k €	0 €
2026 Q2	988 k €	115 k €	243 k €	627 k €	0 €
2026 Q1	1.2 M €	116 k €	244 k €	844 k €	0 €
2025 Q4	1.5 M €	93 k €	210 k €	1.2 M €	0 €
2024	2.0 M €	486 k €	902 k €	—	—
2023	3.0 M €	443 k €	836 k €	—	—
2022	2.3 M €	419 k €	795 k €	—	—

Financial health · From the 2025 balance sheet

Net profit17 k €

Total assets24.2 M €

Equity3.1 M €

Current ratio1.0

Quick ratio0.3

Debt to equity6.9

Equity ratio12.6%

Return on assets0.1%

Return on equity0.6%

Cross-section against the peer median

Compared with companies under NACE code 68.20 — 24.

Turnover

×1.5

13.2 M € 8.9 M €

Employees

×19

135 7

Taxes paid

×3.4

1.3 M € 384 k €

Payroll

×23

2.6 M € 117 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 71% of peers

Employees

above 100% of peers

This company Peer median · 24

Indicators

Turnover per employee 98 k € ×0.1 of the median

Margin 0.1%

Year on year +52%

Payroll fund estimate 2.6 M €

Registration number 40003338357

Registered address Rīga, Republikas laukums 2

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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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	13.2 M €	17 k €	24.2 M €	135
2024	8.7 M €	24 k €	15.9 M €	138
2023	17.7 M €	23 k €	8.0 M €	147
2022	12.1 M €	19 k €	16.5 M €	146
2021	18.5 M €	10 k €	13.5 M €	150
2020	13.4 M €	14 k €	18.8 M €	150

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 68 — Real estate activities — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

29.5 M €

Industry goods imports

10.7 M €

Exported most: Prepared foodstuffs, beverages, tobacco — 17.2 M €, Chemical products — 3.6 M €, Base metals and articles thereof — 2.8 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.