Company · 42.22 · Civil engineering

SIA LATVIJAS ENERGOCELTNIEKS

Address confidence: Confirmed

Show on the map Find website Sector: Construction

Turnover · 2025

23.0 M €

-3% vs previous year

Employees

269

Turnover per employee: 85 k €

Taxes paid · 2024

2.8 M €

Payroll fund / employees: 29 k €

Payroll fund · 2024 estimate

7.7 M €

Wage estimate, gross: 2,444 €

Tax breakdown · 2026 Q3

Total paid to VID 523 k €

Personal income tax 114 k €

Social contributions 648 k €

VAT paid · after deductions 0 €

VAT refunded by the state 239 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	523 k €	114 k €	648 k €	0 €	239 k €
2026 Q2	625 k €	121 k €	663 k €	0 €	159 k €
2026 Q1	533 k €	130 k €	611 k €	0 €	208 k €
2025 Q4	581 k €	112 k €	644 k €	90 €	177 k €
2024	2.8 M €	543 k €	2.6 M €	—	—
2023	3.4 M €	598 k €	3.3 M €	—	—
2022	4.8 M €	909 k €	4.4 M €	—	—

Financial health · From the 2025 balance sheet

Net profit2.6 M €

Total assets24.0 M €

Equity13.8 M €

Current ratio4.9

Quick ratio4.9

Debt to equity0.7

Equity ratio57.6%

Return on assets10.7%

Return on equity18.6%

Cross-section against the peer median

Compared with companies under NACE code 42.22 — 24.

Turnover

×2.3

23.0 M € 10.1 M €

Employees

×3.4

269 78

Taxes paid

×5.3

523 k € 99 k €

Payroll

×5.2

7.7 M € 1.5 M €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 67% of peers

Employees

above 96% of peers

This company Peer median · 24

Indicators

Turnover per employee 85 k € ×0.7 of the median

Margin 11.2%

Year on year -3%

Payroll fund estimate 7.7 M €

Registration number 40103050565

Registered address Rīga, Mūkusalas iela 41

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.

Similar companies

Ditra Networks

Ropažu nov. · 22.6 M €

BT power

Limbažu nov. · 28.0 M €

Enersense

Mārupes nov. · 32.5 M €

ELSANA

Rīga · 33.0 M €

Connecto Latvija

Rīga · 36.8 M €

DEVRE

Rīga · 13.6 M €

Public contracts

Contracts awarded by public buyers, from the Procurement Monitoring Bureau. Published facts, not estimates.

All time

625 k €

Contracts

Latest contract: 2026-09-08

Largest buyer

Valsts akciju sabiedrība "Latvijas dzelzceļš"

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	23.0 M €	2.6 M €	24.0 M €	269
2024	23.6 M €	2.5 M €	26.0 M €	268
2023	22.5 M €	1.2 M €	25.9 M €	280
2022	17.9 M €	110 k €	25.8 M €	310
2021	33.2 M €	-512127 €	34.0 M €	503
2020	50.9 M €	641 k €	40.3 M €	634

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 42 — Civil engineering — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

9.6 M €

Industry goods imports

128.0 M €

Exported most: Machinery and electrical equipment — 3.6 M €, Mineral products — 1.9 M €, Stone, cement, ceramic and glass articles — 1.5 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.