Company · 46.61 · Wholesale trade

SIA Avesco

Address confidence: Confirmed

Show on the map Company website Sector: Trade

From the company website
Avesco SIA is the official representative of Cat®, Sitech, Sandvik, Finlay and KX Tree Shears in Latvia. We offer a wide range of high-performance machinery and power solutions, as well as certified servicing and professional…
Avesco SIA ir oficiālais Cat®, Sitech, Sandvik, Finlay un KX Tree Shears zīmolu pārstāvis Latvijā. Nodrošinām plašu augstas veiktspējas tehnikas un elektroenerģijas risinājumu klāstu, kā arī sertificētu servisu un profes…

Turnover · 2025

30.3 M €

+24% vs previous year

Employees

Turnover per employee: 541 k €

Taxes paid · 2024

1.1 M €

Payroll fund / employees: 37 k €

Payroll fund · 2024 estimate

2.1 M €

Wage estimate, gross: 2,998 €

Tax breakdown · 2026 Q3

Total paid to VID 1.0 M €

Personal income tax 112 k €

Social contributions 202 k €

VAT paid · after deductions 685 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	1.0 M €	112 k €	202 k €	685 k €	0 €
2026 Q2	1.4 M €	160 k €	277 k €	946 k €	0 €
2026 Q1	850 k €	104 k €	197 k €	536 k €	0 €
2025 Q4	326 k €	114 k €	211 k €	0 €	0 €
2024	1.1 M €	387 k €	711 k €	—	—
2023	1.0 M €	349 k €	637 k €	—	—
2022	822 k €	276 k €	524 k €	—	—

Financial health · From the 2025 balance sheet

Net profit722 k €

Total assets10.9 M €

Equity2.8 M €

Current ratio3.7

Quick ratio1.4

Debt to equity2.7

Equity ratio26.2%

Return on assets6.6%

Return on equity25.4%

Cross-section against the peer median

Compared with companies under NACE code 46.61 — 24.

Turnover

×2.3

30.3 M € 13.1 M €

Employees

×2.2

56 26

Taxes paid

×1.5

1.0 M € 654 k €

Payroll

×3.4

2.1 M € 607 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 79% of peers

Employees

above 67% of peers

This company Peer median · 24

Indicators

Turnover per employee 541 k € ×1.1 of the median

Margin 2.4%

Year on year +24%

Payroll fund estimate 2.1 M €

Registration number 40003441517

Registered address Mārupes nov., Mārupes pag., "Ziedu Gravas

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

Agritech

Rīga · 33.3 M €

DOJUS Latvija

Ķekavas nov. · 33.4 M €

INTRAC Latvija

Rīga · 35.2 M €

LYTAGRA

Rīga · 23.6 M €

Valtek

Jelgavas nov. · 22.5 M €

AMAZONE

Kuldīgas nov. · 20.1 M €

Public contracts

Contracts awarded by public buyers, from the Procurement Monitoring Bureau. Published facts, not estimates.

All time

4.8 M €

Contracts

Latest contract: 2026-08-18

Largest buyer

Akciju sabiedrība "Sadales tīkls"

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	30.3 M €	722 k €	10.9 M €	56
2024	24.4 M €	-842669 €	13.4 M €	56
2023	27.8 M €	356 k €	13.3 M €	53
2022	24.2 M €	530 k €	9.7 M €	48
2021	21.5 M €	404 k €	10.3 M €	47
2020	23.2 M €	-12577 €	10.3 M €	50

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 46 — Wholesale trade — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

7.9 bn €

Industry goods imports

11.1 bn €

Goods exports to turnover estimate

37%

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: Machinery and electrical equipment — 1.5 bn €, Vegetable products — 852.9 M €, Chemical products — 846.2 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.