Company · 02.20 · Forestry and logging

SIA Grantiņi Mežs

Address confidence: Confirmed

Show on the map Find website Sector: Agriculture and forestry

Turnover · 2024

14.5 M €

+7% vs previous year

Employees

Turnover per employee: 966 k €

Taxes paid · 2024

365 k €

Payroll fund / employees: 21 k €

Payroll fund · 2024 estimate

310 k €

Wage estimate, gross: 1,845 €

Tax breakdown · 2026 Q3

Total paid to VID 104 k €

Personal income tax 78 k €

Social contributions 33 k €

VAT paid · after deductions 150 €

VAT refunded by the state 8 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	104 k €	78 k €	33 k €	150 €	8 k €
2026 Q2	121 k €	105 k €	20 k €	370 €	4 k €
2026 Q1	127 k €	104 k €	28 k €	0 €	5 k €
2025 Q4	8 k €	37 k €	14 k €	220 €	43 k €
2024	365 k €	281 k €	106 k €	—	—
2023	179 k €	167 k €	35 k €	—	—
2022	268 k €	260 k €	20 k €	—	—

Financial health · From the 2024 balance sheet

Net profit315 k €

Total assets5.2 M €

Equity1.7 M €

Current ratio1.4

Quick ratio0.4

Debt to equity2.1

Equity ratio32.4%

Return on assets6.0%

Return on equity18.6%

Cross-section against the peer median

Compared with companies under NACE code 02.20 — 24.

Turnover

×1.2

14.5 M € 12.0 M €

Employees

÷4.9

15 74

Taxes paid

×1.1

104 k € 95 k €

Payroll

÷4.4

310 k € 1.4 M €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 67% of peers

Employees

above 8% of peers

This company Peer median · 24

Indicators

Turnover per employee 966 k € ×5.9 of the median

Margin 2.2%

Year on year +7%

Payroll fund estimate 310 k €

Registration number 40203316348

Registered address Gulbenes nov., Rankas pag., Gaujasrēveļi, "Kartona Fabrika 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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SKAIDA PV

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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	14.5 M €	315 k €	5.2 M €	15
2023	13.5 M €	331 k €	4.2 M €	12
2022	17.1 M €	972 k €	3.2 M €	4
2021	1.9 M €	73 k €	1.8 M €	2

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 02 — Forestry and logging — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

173.5 M €

Industry goods imports

19.3 M €

Goods exports to turnover estimate

Industry goods exports against the turnover of its companies on this site: two sources, so only the order of magnitude holds.

Exported most: Wood and articles of wood — 167.1 M €, Vegetable products — 4.4 M €, Miscellaneous manufactured articles — 1.3 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.