Company · 16.23 · Manufacture of wood and wood products

SIA Frame House group

Address confidence: Confirmed

Show on the map Find website Sector: Manufacturing

Turnover · 2025

2.6 M €

-27% vs previous year

Employees

Turnover per employee: 118 k €

Taxes paid · 2024

86 k €

Payroll fund / employees: 4 k €

Payroll fund · 2024 estimate

99 k €

Wage estimate, gross: 823 €

Tax breakdown · 2026 Q3

Total paid to VID 34 k €

Personal income tax 12 k €

Social contributions 21 k €

VAT paid · after deductions 330 €

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	34 k €	12 k €	21 k €	330 €	0 €
2026 Q2	33 k €	11 k €	20 k €	2 k €	0 €
2026 Q1	39 k €	11 k €	27 k €	1 k €	0 €
2025 Q4	32 k €	8 k €	21 k €	3 k €	0 €
2024	86 k €	34 k €	34 k €	—	—
2023	132 k €	42 k €	44 k €	—	—
2022	104 k €	35 k €	34 k €	—	—

Financial health · From the 2025 balance sheet

Net profit78 k €

Total assets671 k €

Equity382 k €

Current ratio1.4

Quick ratio1.3

Debt to equity0.8

Equity ratio57.0%

Return on assets11.6%

Return on equity20.4%

Cross-section against the peer median

Compared with companies under NACE code 16.23 — 24.

Turnover

÷1.0

2.6 M € 2.6 M €

Employees

÷1.5

22 33

Taxes paid

÷1.8

34 k € 60 k €

Payroll

÷5.3

99 k € 525 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 50% of peers

Employees

above 21% of peers

This company Peer median · 24

Indicators

Turnover per employee 118 k € ×1.5 of the median

Margin 3.0%

Year on year -27%

Payroll fund estimate 99 k €

Registration number 40003518117

Registered address Ādažu nov., Carnikavas pag., Kalngale, Cielavu iela 16

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	2.6 M €	78 k €	671 k €	22
2024	3.6 M €	21 k €	494 k €	22
2023	4.4 M €	117 k €	802 k €	12
2022	3.9 M €	99 k €	399 k €	13
2021	2.2 M €	65 k €	396 k €	10
2020	95 k €	69 k €	285 k €	1

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 16 — Manufacture of wood and wood products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

2.1 bn €

Industry goods imports

503.4 M €

Goods exports to turnover estimate

55%

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: Wood and articles of wood — 2.0 bn €, Miscellaneous manufactured articles — 69.9 M €, Base metals and articles thereof — 7.9 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.