Company · 22.22 · Manufacture of rubber and plastic products

SIA GFP Latvia

Address confidence: Confirmed

Show on the map Find website Sector: Manufacturing

Turnover · 2024

2.2 M €

+21% vs previous year

Employees

Turnover per employee: 32 k €

Taxes paid · 2024

579 k €

Payroll fund / employees: 18 k €

Payroll fund · 2024 estimate

1.2 M €

Wage estimate, gross: 1,484 €

Tax breakdown · 2026 Q3

Total paid to VID 146 k €

Personal income tax 64 k €

Social contributions 140 k €

VAT paid · after deductions 40 €

VAT refunded by the state 59 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	146 k €	64 k €	140 k €	40 €	59 k €
2026 Q2	89 k €	57 k €	90 k €	180 €	58 k €
2026 Q1	27 k €	11 k €	62 k €	0 €	46 k €
2025 Q4	139 k €	65 k €	103 k €	482 k €	497 k €
2024	579 k €	220 k €	419 k €	—	—
2023	470 k €	214 k €	423 k €	—	—
2022	74 k €	161 k €	293 k €	—	—

Financial health · From the 2024 balance sheet

Net profit-2967807 €

Total assets11.7 M €

Equity-10460601 €

Current ratio0.5

Quick ratio0.2

Equity ratio-89.4%

Return on assets-25.4%

Cross-section against the peer median

Compared with companies under NACE code 22.22 — 21.

Turnover

×1.8

2.2 M € 1.2 M €

Employees

×4.5

68 15

Taxes paid

×2.1

146 k € 70 k €

Payroll

×6.6

1.2 M € 185 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 71% of peers

Employees

above 90% of peers

This company Peer median · 21

Indicators

Turnover per employee 32 k € ×0.4 of the median

Margin -134.5%

Year on year +21%

Payroll fund estimate 1.2 M €

Registration number 40203307665

Registered address Ventspils, Ventspils Augsto tehnoloģiju parks 6

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	2.2 M €	-2967807 €	11.7 M €	68
2023	1.8 M €	-4037712 €	12.3 M €	68
2022	410 k €	-3060699 €	12.5 M €	48
2021	0 €	-397183 €	6.8 M €	9

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 22 — Manufacture of rubber and plastic products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

260.5 M €

Industry goods imports

191.0 M €

Goods exports to turnover estimate

60%

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: Plastics and rubber — 232.5 M €, Miscellaneous manufactured articles — 6.6 M €, Wood and articles of wood — 6.0 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.