Company · 28.41 · Manufacture of machinery and equipment

SIA Baltexim LV

Address confidence: Confirmed

Show on the map Company website Sector: Manufacturing

From the company website
LOADER ASSEMBLY EQUIPMENT AND MATERIAL HANDLING MACHINERY; WAREHOUSE PROCESS OPTIMISATION; LOADER HIRE; LOADER SERVICEDESIGN AND MANUFACTURE OF METAL PRODUCTS
IEKRĀVĒJISASTATNESMETINĀŠANAS IEKĀRTAS UN MATERIĀLITĪRĪŠANAS MAŠĪNASNOLIKTAVAS PROCESU OPTIMIZĀCIJAIEKRĀVĒJU NOMAIEKRĀVĒJU SERVISSMETĀLA IZSTRĀDĀJUMU PROJEKTĒŠANA UN RAŽOŠANA

Turnover · 2025

2.7 M €

+16% vs previous year

Employees

Turnover per employee: 242 k €

Taxes paid · 2024

512 k €

Payroll fund / employees: 17 k €

Payroll fund · 2024 estimate

190 k €

Wage estimate, gross: 1,436 €

Tax breakdown · 2026 Q3

Total paid to VID 172 k €

Personal income tax 9 k €

Social contributions 17 k €

VAT paid · after deductions 146 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	172 k €	9 k €	17 k €	146 k €	0 €
2026 Q2	147 k €	9 k €	15 k €	123 k €	0 €
2026 Q1	116 k €	8 k €	16 k €	92 k €	0 €
2025 Q4	161 k €	9 k €	17 k €	134 k €	0 €
2024	512 k €	40 k €	65 k €	—	—
2023	511 k €	32 k €	51 k €	—	—
2022	424 k €	21 k €	40 k €	—	—

Financial health · From the 2025 balance sheet

Net profit231 k €

Total assets2.9 M €

Equity1.4 M €

Current ratio1.3

Quick ratio0.6

Debt to equity1.0

Equity ratio49.6%

Return on assets8.0%

Return on equity16.2%

Cross-section against the peer median

Compared with companies under NACE code 28.41 — 10.

Turnover

×39

2.7 M € 68 k €

Employees

×11

11 1

Taxes paid

×117

172 k € 1 k €

Payroll

×20

190 k € 9 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 100% of peers

Employees

above 100% of peers

This company Peer median · 10

Indicators

Turnover per employee 242 k € ×3.5 of the median

Margin 8.7%

Year on year +16%

Payroll fund estimate 190 k €

Registration number 40103662288

Registered address Rīga, Lubānas iela 78C

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

44 k €

Contracts

Latest contract: 2026-07-08

Largest buyer

Akciju sabiedrība "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	2.7 M €	231 k €	2.9 M €	11
2024	2.3 M €	252 k €	2.7 M €	9
2023	2.5 M €	218 k €	2.7 M €	9
2022	2.2 M €	124 k €	2.2 M €	8
2021	1.8 M €	103 k €	1.9 M €	5
2020	1.7 M €	77 k €	1.7 M €	4

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 28 — Manufacture of machinery and equipment — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

315.8 M €

Industry goods imports

130.2 M €

Goods exports to turnover estimate

82%

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 — 233.9 M €, Vehicles and transport equipment — 34.4 M €, Base metals and articles thereof — 33.8 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.