Company · 79.12 · Travel agency and tour operator activities

SIA BALTIC WORLD

Address confidence: Confirmed

Show on the map Find website Sector: Administrative services

Turnover · 2025

124.0 M €

+68% vs previous year

Employees

Turnover per employee: 6.2 M €

Taxes paid · 2024

138 k €

Payroll fund / employees: 13 k €

Payroll fund · 2024 estimate

257 k €

Wage estimate, gross: 3,065 €

Tax breakdown · 2026 Q3

Total paid to VID 20 k €

Personal income tax 8 k €

Social contributions 16 k €

VAT paid · after deductions 0 €

VAT refunded by the state 4 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	20 k €	8 k €	16 k €	0 €	4 k €
2026 Q2	20 k €	8 k €	16 k €	520 €	4 k €
2026 Q1	37 k €	14 k €	23 k €	0 €	810 €
2025 Q4	30 k €	12 k €	22 k €	0 €	3 k €
2024	138 k €	57 k €	88 k €	—	—
2023	124 k €	44 k €	83 k €	—	—
2022	0 €	0 €	0 €	—	—

Financial health · From the 2025 balance sheet

Net profit16 k €

Total assets13.4 M €

Equity140 k €

Current ratio1.0

Quick ratio1.0

Debt to equity95.0

Equity ratio1.0%

Return on assets0.1%

Return on equity11.7%

Cross-section against the peer median

Compared with companies under NACE code 79.12 — 24.

Turnover

×31

124.0 M € 4.0 M €

Employees

×2.7

20 8

Taxes paid

÷1.7

20 k € 34 k €

Payroll

×1.8

257 k € 143 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 96% of peers

Employees

above 67% of peers

This company Peer median · 24

Indicators

Turnover per employee 6.2 M € ×11.7 of the median

Margin 0.0%

Year on year +68%

Payroll fund estimate 257 k €

Registration number 40203448185

Registered address Rīga, Elizabetes iela 31 - 3

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
2025	124.0 M €	16 k €	13.4 M €	20
2024	74.0 M €	373 k €	9.8 M €	20
2023	17.5 M €	-1704546 €	1.9 M €	19

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 79 — Travel agency and tour operator activities — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

not published

Industry goods imports

9 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.