Company · 73.12 · Advertising and market research

SIA Setupad

Address confidence: Confirmed

Show on the map Find website Sector: Professional and scientific

Turnover · 2025

7.0 M €

-21% vs previous year

Employees

Turnover per employee: 439 k €

Taxes paid · 2024

394 k €

Payroll fund / employees: 60 k €

Payroll fund · 2024 estimate

960 k €

Wage estimate, gross: 2,962 €

Tax breakdown · 2026 Q3

Total paid to VID 48 k €

Personal income tax 25 k €

Social contributions 42 k €

VAT paid · after deductions 0 €

VAT refunded by the state 19 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	48 k €	25 k €	42 k €	0 €	19 k €
2026 Q2	36 k €	25 k €	42 k €	40 €	31 k €
2026 Q1	30 k €	25 k €	42 k €	0 €	37 k €
2025 Q4	44 k €	24 k €	41 k €	200 €	21 k €
2024	394 k €	188 k €	327 k €	—	—
2023	462 k €	195 k €	348 k €	—	—
2022	302 k €	143 k €	261 k €	—	—

Financial health · From the 2025 balance sheet

Net profit291 k €

Total assets1.5 M €

Equity740 k €

Current ratio2.0

Quick ratio2.0

Debt to equity1.0

Equity ratio49.3%

Return on assets19.4%

Return on equity39.4%

Cross-section against the peer median

Compared with companies under NACE code 73.12 — 24.

Turnover

×3.2

7.0 M € 2.2 M €

Employees

×1.6

16 10

Taxes paid

×1.2

48 k € 39 k €

Payroll

×3.2

960 k € 297 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 67% of peers

Employees

above 67% of peers

This company Peer median · 24

Indicators

Turnover per employee 439 k € ×2.0 of the median

Margin 4.1%

Year on year -21%

Payroll fund estimate 960 k €

Registration number 40103877815

Registered address Rīga, Biķernieku iela 69 - 64

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	7.0 M €	291 k €	1.5 M €	16
2024	8.9 M €	-478684 €	1.8 M €	28
2023	10.1 M €	-705941 €	2.5 M €	30
2022	12.1 M €	618 k €	2.8 M €	28
2021	12.5 M €	945 k €	4.0 M €	19
2020	7.7 M €	456 k €	2.6 M €	8

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 73 — Advertising and market research — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

12.1 M €

Industry goods imports

7.2 M €

Exported most: Miscellaneous manufactured articles — 6.9 M €, Pulp, paper and paperboard — 3.0 M €, Base metals and articles thereof — 658 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.