Company · 20.59 · Manufacture of chemicals and chemical products

SIA VINCENTS POLYLINE

Address confidence: Confirmed

Show on the map Company website Sector: Manufacturing

From the company website
“Vincents Polyline” specialises in the manufacture of construction chemicals, concrete additives and waterproofing materials. Its products are well known and recognised throughout the Baltic states
“Vincents Polyline” specializējies būvķīmijas, betonu piedevu, hidroizolācijas materiālu ražošanā. Piedāvāto produkciju pazīst un atzīst visās Baltijas valstīs

Turnover · 2025

2.8 M €

+18% vs previous year

Employees

Turnover per employee: 118 k €

Taxes paid · 2024

369 k €

Payroll fund / employees: 17 k €

Payroll fund · 2024 estimate

407 k €

Wage estimate, gross: 1,542 €

Tax breakdown · 2026 Q3

Total paid to VID 105 k €

Personal income tax 20 k €

Social contributions 50 k €

VAT paid · after deductions 26 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	105 k €	20 k €	50 k €	26 k €	0 €
2026 Q2	91 k €	16 k €	38 k €	40 k €	0 €
2026 Q1	94 k €	16 k €	39 k €	23 k €	0 €
2025 Q4	104 k €	16 k €	39 k €	38 k €	0 €
2024	369 k €	74 k €	139 k €	—	—
2023	326 k €	71 k €	135 k €	—	—
2022	266 k €	61 k €	121 k €	—	—

Financial health · From the 2025 balance sheet

Net profit255 k €

Total assets1.8 M €

Equity1.0 M €

Current ratio3.3

Quick ratio1.9

Debt to equity0.7

Equity ratio57.7%

Return on assets14.0%

Return on equity24.3%

Cross-section against the peer median

Compared with companies under NACE code 20.59 — 16.

Turnover

×34

2.8 M € 84 k €

Employees

×12

24 2

Taxes paid

×403

105 k € 260 €

Payroll

×56

407 k € 7 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 88% of peers

Employees

above 81% of peers

This company Peer median · 16

Indicators

Turnover per employee 118 k € ×2.8 of the median

Margin 9.0%

Year on year +18%

Payroll fund estimate 407 k €

Registration number 40003358071

Registered address Ādažu nov., Carnikavas pag., Kalngale, Cīruļu iela 29

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

120 k €

Contracts

Latest contract: 2026-08-17

Largest buyer

Balvu novada pašvaldība

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	2.8 M €	255 k €	1.8 M €	24
2024	2.4 M €	155 k €	1.4 M €	23
2023	2.7 M €	171 k €	1.2 M €	21
2022	2.3 M €	109 k €	1.2 M €	22
2021	2.1 M €	260 k €	1.2 M €	21
2020	3.3 M €	650 k €	1.0 M €	22

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 20 — Manufacture of chemicals and chemical products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

366.1 M €

Industry goods imports

244.5 M €

Goods exports to turnover estimate

67%

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: Chemical products — 257.5 M €, Mineral products — 37.4 M €, Textiles and textile articles — 21.9 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.