Company · 62.10 · Computer programming and IT consultancy

SIA Tieto Latvia

Address confidence: Confirmed

Show on the map Group website Sector: Information and communication

Turnover · 2025

20.7 M €

+1% vs previous year

Employees

371

Turnover per employee: 56 k €

Taxes paid · 2024

7.9 M €

Payroll fund / employees: 30 k €

Payroll fund · 2024 estimate

11.0 M €

Wage estimate, gross: 2,248 €

Tax breakdown · 2026 Q3

Total paid to VID 2.1 M €

Personal income tax 453 k €

Social contributions 917 k €

VAT paid · after deductions 200 k €

VAT refunded by the state 0 €

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	2.1 M €	453 k €	917 k €	200 k €	0 €
2026 Q2	1.5 M €	472 k €	951 k €	71 k €	0 €
2026 Q1	2.0 M €	466 k €	939 k €	555 k €	0 €
2025 Q4	1.7 M €	474 k €	948 k €	275 k €	0 €
2024	7.9 M €	2.0 M €	3.7 M €	—	—
2023	5.5 M €	1.7 M €	3.1 M €	—	—

Financial health · From the 2025 balance sheet

Net profit2.2 M €

Total assets9.5 M €

Equity4.7 M €

Current ratio1.9

Quick ratio1.9

Debt to equity1.0

Equity ratio49.0%

Return on assets22.9%

Return on equity46.7%

Cross-section against the peer median

Compared with companies under NACE code 62.10 — 24.

Turnover

×1.1

20.7 M € 18.8 M €

Employees

×1.8

371 212

Taxes paid

×1.5

2.1 M € 1.4 M €

Payroll

×1.4

11.0 M € 7.7 M €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 71% of peers

Employees

above 83% of peers

This company Peer median · 24

Indicators

Turnover per employee 56 k € ×0.6 of the median

Margin 10.5%

Year on year +1%

Payroll fund estimate 11.0 M €

Registration number 40203458747

Registered address Rīga, Roberta Hirša iela 1

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

Sapiens Software Solutions (Latvia)

Rīga · 20.4 M €

ZABBIX

Rīga · 20.3 M €

Ubiquiti (Latvia)

Rīga · 19.7 M €

RealTime

Rīga · 21.9 M €

Scandi Commerce Accelerator Europe

Rīga · 19.3 M €

Yarr Games

Rīga · 18.9 M €

Public contracts

Contracts awarded by public buyers, from the Procurement Monitoring Bureau. Published facts, not estimates.

All time

2.9 M €

won jointly: 2

Contracts

Latest contract: 2025-12-12

Largest buyer

Akciju sabiedrība “Latvenergo”

Latest contracts

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	20.7 M €	2.2 M €	9.5 M €	371
2024	20.5 M €	1.5 M €	9.4 M €	429
2023	19.3 M €	4.1 M €	11.7 M €	415

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 62 — Computer programming and IT consultancy — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

23.2 M €

Industry goods imports

22.0 M €

Exported most: Machinery and electrical equipment — 9.1 M €, Vehicles and transport equipment — 8.2 M €, Optical and precision instruments, clocks — 3.6 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.