Company · 61.10 · Telecommunications

SIA POLARIS TLC

Address confidence: Confirmed

Show on the map Find website Sector: Information and communication

Turnover · 2018

32.9 M €

+54% vs previous year

Employees

Turnover per employee: 16.4 M €

Taxes paid · 2024

0 €

Payroll fund / employees: 15 €

Payroll fund · 2024 estimate

29 €

Wage estimate, gross: 1 €

Financial health · From the 2018 balance sheet

Net profit302 k €

Total assets11.6 M €

Equity580 k €

Current ratio1.1

Quick ratio0.9

Debt to equity19.0

Equity ratio5.0%

Return on assets2.6%

Return on equity52.0%

Cross-section against the peer median

Compared with companies under NACE code 61.10 — 24.

Turnover

×18

32.9 M € 1.8 M €

Employees

÷5.5

2 11

Taxes paid

÷10

0 € 46 k €

Payroll

÷6,334

29 € 184 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 88% of peers

Employees

above 8% of peers

This company Peer median · 24

Indicators

Turnover per employee 16.4 M € ×101.1 of the median

Margin 0.9%

Year on year +54%

Payroll fund estimate 29 €

Registration number 40103969749

Registered address Rīga, Cēsu iela 31 k-2

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
2018	32.9 M €	302 k €	11.6 M €	2
2017	21.4 M €	270 k €	4.8 M €	1
2016	3.9 M €	6 k €	1.9 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 61 — Telecommunications — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

20.5 M €

Industry goods imports

114.0 M €

Exported most: Machinery and electrical equipment — 20.2 M €, Optical and precision instruments, clocks — 267 k €, Miscellaneous manufactured articles — 15 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.