Company · 41.00 · Construction of buildings

SIA Baltic Industrial Construction

Address confidence: Confirmed

Show on the map Find website Sector: Construction

Turnover · 2025

4.9 M €

+2% vs previous year

Employees

131

Turnover per employee: 37 k €

Taxes paid · 2024

1.1 M €

Payroll fund / employees: 12 k €

Payroll fund · 2024 estimate

1.6 M €

Wage estimate, gross: 843 €

Tax breakdown · 2026 Q3

Total paid to VID 238 k €

Personal income tax 88 k €

Social contributions 162 k €

VAT paid · after deductions 940 €

VAT refunded by the state 12 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	238 k €	88 k €	162 k €	940 €	12 k €
2026 Q2	239 k €	87 k €	165 k €	-90 €	13 k €
2026 Q1	183 k €	62 k €	120 k €	3 k €	3 k €
2025 Q4	157 k €	52 k €	107 k €	3 k €	4 k €
2024	1.1 M €	309 k €	538 k €	—	—
2023	1.2 M €	288 k €	493 k €	—	—
2022	1.3 M €	295 k €	529 k €	—	—

Financial health · From the 2025 balance sheet

Net profit-135520 €

Total assets1.2 M €

Equity-69544 €

Current ratio1.0

Quick ratio0.9

Equity ratio-6.0%

Return on assets-11.8%

Cross-section against the peer median

Compared with companies under NACE code 41.00 — 24.

Turnover

÷1.0

4.9 M € 5.0 M €

Employees

×5.7

131 23

Taxes paid

×46

238 k € 5 k €

Payroll

×4.7

1.6 M € 333 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 42% of peers

Employees

above 100% of peers

This company Peer median · 24

Indicators

Turnover per employee 37 k € ×0.2 of the median

Margin -2.8%

Year on year +2%

Payroll fund estimate 1.6 M €

Registration number 40203077250

Registered address Rīga, Latgales iela 239

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

INO

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Armora

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Capital BAU

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Labā māja Latvija

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Harvey Group AB

Siguldas nov. · 4.6 M €

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	4.9 M €	-135520 €	1.2 M €	131
2024	4.8 M €	32 k €	761 k €	164
2023	2.1 M €	9 k €	474 k €	152
2022	2.0 M €	13 k €	348 k €	159
2021	1.7 M €	8 k €	403 k €	147
2020	1.2 M €	10 k €	275 k €	129

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 41 — Construction of buildings — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

95.7 M €

Industry goods imports

40.1 M €

Exported most: Miscellaneous manufactured articles — 39.9 M €, Stone, cement, ceramic and glass articles — 29.4 M €, Base metals and articles thereof — 20.8 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.