Company · 68.20 · Real estate activities

SIA TeleTower

Address confidence: Confirmed

Show on the map Company website Sector: Real estate

From the company website
SIA TeleTower – managing mobile communications masts and infrastructure in the Baltic region since 2009
SIA TeleTower - mobilo sakaru torņu un infrastruktūras pārvaldība Baltijas reģionā kopš 2009. gada

Turnover · 2025

10.2 M €

+17% vs previous year

Employees

Turnover per employee: 1.7 M €

Taxes paid · 2024

945 k €

Payroll fund / employees: 50 k €

Payroll fund · 2024 estimate

299 k €

Wage estimate, gross: 4,977 €

Tax breakdown · 2026 Q3

Total paid to VID 562 k €

Personal income tax 42 k €

Social contributions 36 k €

VAT paid · after deductions 483 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	562 k €	42 k €	36 k €	483 k €	0 €
2026 Q2	428 k €	75 k €	86 k €	270 k €	2 k €
2026 Q1	385 k €	40 k €	25 k €	319 k €	0 €
2025 Q4	904 k €	25 k €	20 k €	353 k €	0 €
2024	945 k €	98 k €	102 k €	—	—
2023	447 k €	81 k €	50 k €	—	—
2022	166 k €	68 k €	28 k €	—	—

Financial health · From the 2025 balance sheet

Net profit2.3 M €

Total assets21.2 M €

Equity14.9 M €

Current ratio10.1

Quick ratio10.1

Debt to equity0.1

Equity ratio70.4%

Return on assets10.7%

Return on equity15.1%

Cross-section against the peer median

Compared with companies under NACE code 68.20 — 24.

Turnover

×1.3

10.2 M € 7.9 M €

Employees

÷1.2

6 7

Taxes paid

×1.5

562 k € 364 k €

Payroll

×2.6

299 k € 117 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 71% of peers

Employees

above 46% of peers

This company Peer median · 24

Indicators

Turnover per employee 1.7 M € ×1.5 of the median

Margin 22.1%

Year on year +17%

Payroll fund estimate 299 k €

Registration number 40103257495

Registered address Rīga, Zemitāna iela 9 k-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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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	10.2 M €	2.3 M €	21.2 M €	6
2024	8.7 M €	2.0 M €	24.0 M €	5
2023	6.2 M €	622 k €	20.3 M €	4
2022	4.9 M €	558 k €	20.0 M €	3
2021	3.3 M €	521 k €	19.6 M €	1
2020	2.9 M €	520 k €	16.8 M €	1

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.