Company · 35.15 · Electricity, gas, steam and air conditioning supply

SIA AJ Power

Address confidence: Confirmed

Show on the map Company website Sector: Energy

From the company website
A group of companies with 100 per cent local capital, bringing together modern energy and waste management solutions
100% vietējā kapitāla uzņēmumu grupa, kas apvieno mūsdienīgus enerģētikas un atkritumu apsaimniekošanas risinājumus

Turnover · 2025

51.7 M €

-7% vs previous year

Employees

Turnover per employee: 2.6 M €

Taxes paid · 2024

4.4 M €

Payroll fund / employees: 43 k €

Payroll fund · 2024 estimate

867 k €

Wage estimate, gross: 3,011 €

Tax breakdown · 2026 Q3

Total paid to VID -1828810 €

Personal income tax 30 k €

Social contributions 52 k €

VAT paid · after deductions -5580 €

VAT refunded by the state 2.0 M €

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	-1828810 €	30 k €	52 k €	-5580 €	2.0 M €
2026 Q2	299 k €	37 k €	65 k €	271 k €	172 k €
2026 Q1	946 k €	29 k €	54 k €	768 k €	0 €
2025 Q4	543 k €	36 k €	64 k €	375 k €	0 €
2024	4.4 M €	184 k €	296 k €	—	—
2023	-250710 €	157 k €	270 k €	—	—
2022	671 k €	91 k €	161 k €	—	—

Financial health · From the 2025 balance sheet

Net profit860 k €

Total assets24.6 M €

Equity7.2 M €

Current ratio1.2

Quick ratio1.2

Debt to equity2.4

Equity ratio29.2%

Return on assets3.5%

Return on equity12.0%

Cross-section against the peer median

Compared with companies under NACE code 35.15 — 24.

Turnover

×519

51.7 M € 100 k €

Employees

×20

20 1

Taxes paid

÷10

-1828810 € 275 €

Payroll

×105

867 k € 8 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 88% of peers

Employees

above 83% of peers

This company Peer median · 24

Indicators

Turnover per employee 2.6 M € ×26.0 of the median

Margin 1.7%

Year on year -7%

Payroll fund estimate 867 k €

Registration number 40103780693

Registered address Rīga, Daugavgrīvas iela 21

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

Alexela

Rīga · 62.9 M €

AOX Trade

Rīga · 72.0 M €

VIRŠI Renergy

Aizkraukles nov. · 29.1 M €

Scener

Rīga · 27.3 M €

Enefit

Rīga · 167.4 M €

MVBK

Rīga · 5.3 M €

Public contracts

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

All time

59.0 M €

won jointly: 16

Contracts

124

Latest contract: 2026-09-09

Largest buyer

Valsts akciju sabiedrība "Valsts nekustamie īpašumi"

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	51.7 M €	860 k €	24.6 M €	20
2024	55.6 M €	1.9 M €	18.5 M €	25
2023	40.6 M €	2.0 M €	13.2 M €	20
2022	41.2 M €	726 k €	16.4 M €	19
2021	36.2 M €	15 k €	14.9 M €	19
2020	44.1 M €	583 k €	8.1 M €	11

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 35 — Electricity, gas, steam and air conditioning supply — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

431.9 M €

Industry goods imports

930.8 M €

Goods exports to turnover estimate

29%

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: Mineral products — 428.9 M €, Machinery and electrical equipment — 2.5 M €, Prepared foodstuffs, beverages, tobacco — 383 k €

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.