Company · 73.11 · Advertising and market research

SIA Havas Media

Address confidence: Confirmed

Show on the map Find website Sector: Professional and scientific

Turnover · 2025

14.0 M €

-9% vs previous year

Employees

Turnover per employee: 537 k €

Taxes paid · 2024

952 k €

Payroll fund / employees: 31 k €

Payroll fund · 2024 estimate

814 k €

Wage estimate, gross: 2,514 €

Tax breakdown · 2026 Q3

Total paid to VID 327 k €

Personal income tax 34 k €

Social contributions 69 k €

VAT paid · after deductions 146 k €

VAT refunded by the state 18 k €

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	327 k €	34 k €	69 k €	146 k €	18 k €
2026 Q2	85 k €	36 k €	74 k €	31 k €	56 k €
2026 Q1	234 k €	26 k €	58 k €	183 k €	33 k €
2025 Q4	212 k €	31 k €	64 k €	117 k €	0 €
2024	952 k €	148 k €	278 k €	—	—
2023	986 k €	136 k €	260 k €	—	—
2022	644 k €	107 k €	206 k €	—	—

Financial health · From the 2025 balance sheet

Net profit384 k €

Total assets3.9 M €

Equity390 k €

Current ratio1.1

Quick ratio1.1

Debt to equity8.9

Equity ratio10.1%

Return on assets9.9%

Return on equity98.5%

Cross-section against the peer median

Compared with companies under NACE code 73.11 — 24.

Turnover

×2.0

14.0 M € 7.0 M €

Employees

×1.7

26 16

Taxes paid

×3.4

327 k € 97 k €

Payroll

×1.9

814 k € 425 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 83% of peers

Employees

above 63% of peers

This company Peer median · 24

Indicators

Turnover per employee 537 k € ×1.2 of the median

Margin 2.8%

Year on year -9%

Payroll fund estimate 814 k €

Registration number 40003615516

Registered address Rīga, Krišjāņa Barona iela 36 - 33

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

0 €

won jointly: 1

Contracts

Latest contract: 2025-09-10

Largest buyer

Akciju sabiedrība “Latvenergo”

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	14.0 M €	384 k €	3.9 M €	26
2024	15.3 M €	491 k €	4.2 M €	27
2023	16.0 M €	478 k €	4.4 M €	27
2022	14.7 M €	551 k €	4.1 M €	26
2021	9.9 M €	246 k €	4.3 M €	20
2020	4.9 M €	-72291 €	1.9 M €	17

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 73 — Advertising and market research — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

12.1 M €

Industry goods imports

7.2 M €

Exported most: Miscellaneous manufactured articles — 6.9 M €, Pulp, paper and paperboard — 3.0 M €, Base metals and articles thereof — 658 k €

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.