Company · 41.00 · Construction of buildings

SIA Baltic Builders

Address confidence: Confirmed

Show on the map Find website Sector: Construction

Turnover · 2024

10.6 M €

-40% vs previous year

Employees

137

Turnover per employee: 77 k €

Taxes paid · 2024

1.2 M €

Payroll fund / employees: 21 k €

Payroll fund · 2024 estimate

2.9 M €

Wage estimate, gross: 1,806 €

Tax breakdown · 2026 Q3

Total paid to VID 280 €

Personal income tax 110 €

Social contributions 170 €

VAT paid · after deductions 0 €

VAT refunded by the state 0 €

Quarterly history

Quarter	Total paid to VID	Personal income tax	Social contributions	VAT paid · after deductions	VAT refunded by the state
2026 Q3	280 €	110 €	170 €	0 €	0 €
2026 Q2	150 €	40 €	60 €	50 €	0 €
2026 Q1	480 €	40 €	440 €	0 €	0 €
2025 Q4	27 k €	10 k €	16 k €	1 k €	0 €
2024	1.2 M €	442 k €	990 k €	—	—
2023	1.4 M €	507 k €	1.2 M €	—	—
2022	1.2 M €	410 k €	991 k €	—	—

Financial health · From the 2024 balance sheet

Net profit-1782803 €

Total assets5.0 M €

Equity-240976 €

Current ratio1.1

Quick ratio1.1

Equity ratio-4.8%

Return on assets-35.4%

Cross-section against the peer median

Compared with companies under NACE code 41.00 — 24.

Turnover

×1.0

10.6 M € 10.4 M €

Employees

×3.0

137 46

Taxes paid

÷160

280 € 45 k €

Payroll

×3.7

2.9 M € 776 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 54% of peers

Employees

above 100% of peers

This company Peer median · 24

Indicators

Turnover per employee 77 k € ×0.3 of the median

Margin -16.9%

Year on year -40%

Payroll fund estimate 2.9 M €

Registration number 40203083331

Registered address Mārupes nov., Mārupe, Dzirnieku iela 26

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
2024	10.6 M €	-1782803 €	5.0 M €	137
2023	17.7 M €	113 k €	7.0 M €	194
2022	13.4 M €	668 k €	5.7 M €	214
2021	5.9 M €	85 k €	2.4 M €	201
2020	4.0 M €	203 k €	1.4 M €	172
2019	4.9 M €	617 k €	1.4 M €	174

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.