Company · 16.12 · Manufacture of wood and wood products

AS Hornbaek Baltic

Address confidence: Confirmed

Show on the map Group website Sector: Manufacturing

Turnover · 2025

13.1 M €

+12% vs previous year

Employees

146

Turnover per employee: 90 k €

Taxes paid · 2024

607 k €

Payroll fund / employees: 16 k €

Payroll fund · 2024 estimate

2.3 M €

Wage estimate, gross: 1,460 €

Tax breakdown · 2026 Q3

Total paid to VID 241 k €

Personal income tax 103 k €

Social contributions 228 k €

VAT paid · after deductions 0 €

VAT refunded by the state 94 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	241 k €	103 k €	228 k €	0 €	94 k €
2026 Q2	229 k €	103 k €	238 k €	50 €	117 k €
2026 Q1	173 k €	91 k €	211 k €	0 €	132 k €
2025 Q4	185 k €	104 k €	222 k €	520 €	144 k €
2024	607 k €	395 k €	782 k €	—	—
2023	561 k €	311 k €	636 k €	—	—
2022	-379570 €	264 k €	550 k €	—	—

Cross-section against the peer median

Compared with companies under NACE code 16.12 — 24.

Turnover

×6.7

13.1 M € 2.0 M €

Employees

×5.8

146 25

Taxes paid

×6.5

241 k € 37 k €

Payroll

×6.9

2.3 M € 334 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 88% of peers

Employees

above 92% of peers

This company Peer median · 24

Indicators

Turnover per employee 90 k € ×1.1 of the median

Margin 1.9%

Year on year +12%

Payroll fund estimate 2.3 M €

Registration number 40103053167

Registered address Ādažu nov., Ādaži, Muižas 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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LWP

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NORTE

Madonas nov. · 4.0 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	13.1 M €	244 k €	—	146
2024	11.7 M €	149 k €	22.0 M €	134
2023	11.7 M €	65 k €	18.4 M €	131
2022	12.8 M €	274 k €	16.9 M €	123
2021	12.3 M €	1.1 M €	16.9 M €	115
2020	9.5 M €	85 k €	6.8 M €	108

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 16 — Manufacture of wood and wood products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

2.1 bn €

Industry goods imports

503.4 M €

Goods exports to turnover estimate

55%

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: Wood and articles of wood — 2.0 bn €, Miscellaneous manufactured articles — 69.9 M €, Base metals and articles thereof — 7.9 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.