Company · 68.12 · Real estate activities

SIA Vertex projekti

Address confidence: Confirmed

Show on the map Company website Sector: Real estate

Turnover · 2025

4.9 M €

+74% vs previous year

Employees

Turnover per employee: 412 k €

Taxes paid · 2024

555 k €

Payroll fund / employees: 24 k €

Payroll fund · 2024 estimate

287 k €

Wage estimate, gross: 1,995 €

Tax breakdown · 2026 Q3

Total paid to VID 92 k €

Personal income tax 17 k €

Social contributions 29 k €

VAT paid · after deductions 30 k €

VAT refunded by the state 1 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	92 k €	17 k €	29 k €	30 k €	1 k €
2026 Q2	123 k €	17 k €	33 k €	75 k €	1 k €
2026 Q1	157 k €	26 k €	40 k €	56 k €	0 €
2025 Q4	199 k €	22 k €	27 k €	133 k €	0 €
2024	555 k €	89 k €	98 k €	—	—
2023	455 k €	74 k €	89 k €	—	—
2022	356 k €	46 k €	75 k €	—	—

Financial health · From the 2025 balance sheet

Net profit1.7 M €

Total assets3.2 M €

Equity2.9 M €

Current ratio11.5

Quick ratio11.5

Debt to equity0.1

Equity ratio91.5%

Return on assets54.0%

Return on equity59.0%

Cross-section against the peer median

Compared with companies under NACE code 68.12 — 24.

Turnover

×3.5

4.9 M € 1.4 M €

Employees

×1.2

12 10

Taxes paid

×2.3

92 k € 40 k €

Payroll

×2.4

287 k € 122 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 88% of peers

Employees

above 54% of peers

This company Peer median · 24

Indicators

Turnover per employee 412 k € ×2.9 of the median

Margin 34.5%

Year on year +74%

Payroll fund estimate 287 k €

Registration number 40003842450

Registered address Rīga, Valguma iela 4A - 2

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

746 k €

won jointly: 5

Contracts

Latest contract: 2026-08-17

Largest buyer

AS "Latvijas valsts meži"

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	4.9 M €	1.7 M €	3.2 M €	12
2024	2.8 M €	723 k €	2.0 M €	12
2023	1.7 M €	77 k €	1.5 M €	11
2022	2.0 M €	738 k €	1.4 M €	12
2021	766 k €	55 k €	814 k €	12
2020	674 k €	-95278 €	758 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 68 — Real estate activities — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

29.5 M €

Industry goods imports

10.7 M €

Exported most: Prepared foodstuffs, beverages, tobacco — 17.2 M €, Chemical products — 3.6 M €, Base metals and articles thereof — 2.8 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.