Company · 46.64 · Wholesale trade

SIA BALTIC MASTER

Address confidence: Confirmed

Show on the map Company website Sector: Trade

From the company website
Professional kitchen equipment for restaurants and bars, equipment and fittings for hotels, shop fittings, manufacturing equipment, DUS equipment, refrigeration equipment, air-conditioning equipment
Profesionālās virtuves iekārtas restorāniem un bāriem, iekārtas un aprīkojums viesnīcām, veikalu iekārtas, ražošanas iekārtas, DUS iekārtas, saldēšanas iekārtas, gaisa kondicionēšanas iekārtas

Turnover · 2025

2.3 M €

+49% vs previous year

Employees

Turnover per employee: 260 k €

Taxes paid · 2024

401 k €

Payroll fund / employees: 21 k €

Payroll fund · 2024 estimate

188 k €

Wage estimate, gross: 1,953 €

Tax breakdown · 2026 Q3

Total paid to VID 87 k €

Personal income tax 9 k €

Social contributions 17 k €

VAT paid · after deductions 62 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	87 k €	9 k €	17 k €	62 k €	0 €
2026 Q2	103 k €	8 k €	17 k €	77 k €	0 €
2026 Q1	64 k €	8 k €	16 k €	40 k €	0 €
2025 Q4	157 k €	9 k €	17 k €	131 k €	0 €
2024	401 k €	34 k €	64 k €	—	—
2023	348 k €	29 k €	61 k €	—	—
2022	391 k €	32 k €	61 k €	—	—

Financial health · From the 2025 balance sheet

Net profit10 k €

Total assets1.4 M €

Equity551 k €

Current ratio1.1

Quick ratio0.4

Debt to equity1.4

Equity ratio40.7%

Return on assets0.7%

Return on equity1.8%

Cross-section against the peer median

Compared with companies under NACE code 46.64 — 24.

Turnover

×1.1

2.3 M € 2.2 M €

Employees

×1.3

9 7

Taxes paid

÷1.3

87 k € 113 k €

Payroll

×1.2

188 k € 153 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 58% of peers

Employees

above 63% of peers

This company Peer median · 24

Indicators

Turnover per employee 260 k € ×0.8 of the median

Margin 0.4%

Year on year +49%

Payroll fund estimate 188 k €

Registration number 40003544694

Registered address Rīga, Sliežu iela 31

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

222 k €

Contracts

Latest contract: 2026-09-28

Largest buyer

Valsts sociālās aprūpes centrs "Latgale"

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	2.3 M €	10 k €	1.4 M €	9
2024	1.6 M €	4 k €	1.0 M €	9
2023	1.5 M €	18 k €	1.2 M €	10
2022	1.8 M €	43 k €	1.2 M €	10
2021	1.6 M €	132 k €	908 k €	11
2020	828 k €	324 k €	860 k €	12

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.