Company · 41.00 · Construction of buildings

SIA MG BŪVNIEKS

Address confidence: Confirmed

Show on the map Company website Sector: Construction

From the company website
MG Būvnieks Construction Company
Būvniecības firma MG Būvnieks

Turnover · 2025

2.5 M €

+7% vs previous year

Employees

Turnover per employee: 72 k €

Taxes paid · 2024

686 k €

Payroll fund / employees: 22 k €

Payroll fund · 2024 estimate

771 k €

Wage estimate, gross: 1,890 €

Tax breakdown · 2026 Q3

Total paid to VID 199 k €

Personal income tax 31 k €

Social contributions 64 k €

VAT paid · after deductions 104 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	199 k €	31 k €	64 k €	104 k €	0 €
2026 Q2	127 k €	26 k €	57 k €	43 k €	0 €
2026 Q1	157 k €	25 k €	56 k €	75 k €	0 €
2025 Q4	180 k €	31 k €	64 k €	64 k €	0 €
2024	686 k €	146 k €	263 k €	—	—
2023	490 k €	117 k €	207 k €	—	—
2022	266 k €	69 k €	138 k €	—	—

Financial health · From the 2025 balance sheet

Net profit328 k €

Total assets1.2 M €

Equity680 k €

Current ratio1.7

Quick ratio1.6

Debt to equity0.8

Equity ratio54.8%

Return on assets26.5%

Return on equity48.3%

Cross-section against the peer median

Compared with companies under NACE code 41.00 — 24.

Turnover

×1.0

2.5 M € 2.5 M €

Employees

×1.7

35 21

Taxes paid

×7.9

199 k € 25 k €

Payroll

×3.4

771 k € 224 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 63% of peers

Employees

above 71% of peers

This company Peer median · 24

Indicators

Turnover per employee 72 k € ×0.6 of the median

Margin 13.0%

Year on year +7%

Payroll fund estimate 771 k €

Registration number 40003621796

Registered address Rīga, Klīveru iela 3

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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IN GRUPA

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PRETPILS

Talsu nov. · 2.5 M €

VAT serviss

Jelgava · 2.5 M €

Rufs

Gulbenes nov. · 2.5 M €

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	2.5 M €	328 k €	1.2 M €	35
2024	2.4 M €	159 k €	1.3 M €	36
2023	2.1 M €	234 k €	1.2 M €	33
2022	1.5 M €	53 k €	1.3 M €	28
2021	1.5 M €	40 k €	672 k €	36
2020	1.8 M €	32 k €	912 k €	43

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 41 — Construction of buildings — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

95.7 M €

Industry goods imports

40.1 M €

Exported most: Miscellaneous manufactured articles — 39.9 M €, Stone, cement, ceramic and glass articles — 29.4 M €, Base metals and articles thereof — 20.8 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.