Company · 46.84 · Wholesale trade

SIA "Safin NES" ,

Address confidence: Confirmed

Show on the map Company website Sector: Trade

From the company website
SAFIN NES offers a wide range of steel and metal products: reinforcement bars, beams, sections, wire, etc. Fast delivery is available throughout Latvia and Europe, with competitive prices and certified steel. Find out more!
SAFIN NES piedāvā plašu tērauda un metāla izstrādājumu klāstu: armatūra, sijas, profils, stieple u.c. Pieejamas ātras piegādes Latvijā un Eiropā, labas cenas, sertificēts tērauds. Uzzini vairāk!

Turnover · 2025

8.4 M €

+13% vs previous year

Employees

Turnover per employee: 523 k €

Taxes paid · 2024

839 k €

Payroll fund / employees: 23 k €

Payroll fund · 2024 estimate

376 k €

Wage estimate, gross: 2,088 €

Tax breakdown · 2026 Q3

Total paid to VID 244 k €

Personal income tax 20 k €

Social contributions 40 k €

VAT paid · after deductions 177 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	244 k €	20 k €	40 k €	177 k €	0 €
2026 Q2	253 k €	18 k €	39 k €	188 k €	0 €
2026 Q1	233 k €	23 k €	45 k €	157 k €	0 €
2025 Q4	232 k €	19 k €	39 k €	166 k €	0 €
2024	839 k €	67 k €	128 k €	—	—
2023	702 k €	61 k €	116 k €	—	—
2022	907 k €	64 k €	109 k €	—	—

Financial health · From the 2025 balance sheet

Net profit-106215 €

Total assets3.3 M €

Equity2.0 M €

Current ratio2.5

Quick ratio0.7

Debt to equity0.7

Equity ratio60.6%

Return on assets-3.2%

Return on equity-5.2%

Cross-section against the peer median

Compared with companies under NACE code 46.84 — 24.

Turnover

×1.8

8.4 M € 4.7 M €

Employees

÷1.1

16 18

Taxes paid

×1.2

244 k € 199 k €

Payroll

×1.1

376 k € 337 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 79% of peers

Employees

above 42% of peers

This company Peer median · 24

Indicators

Turnover per employee 523 k € ×1.9 of the median

Margin -1.3%

Year on year +13%

Payroll fund estimate 376 k €

Registration number 40003896966

Registered address Rīga, Rītausmas iela 4A

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

96 k €

Contracts

Latest contract: 2025-08-06

Largest buyer

LR NBS Nodrošinājuma pavēlniecības 3.Reģionālais nodrošinājuma centrs

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	8.4 M €	-106215 €	3.3 M €	16
2024	7.4 M €	19 k €	3.7 M €	15
2023	6.6 M €	113 k €	3.1 M €	14
2022	7.2 M €	1.1 M €	3.5 M €	14
2021	5.4 M €	867 k €	2.6 M €	16
2020	4.4 M €	98 k €	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 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.