Company · 43.99 · Specialised construction activities

SIA Turrem

Address confidence: Confirmed

Show on the map Company website Sector: Construction

From the company website
Overhead powerline montage, demontage and renovations. Kreuzungsshutzgerüst für Zeilzug & Mastdemontage

Turnover · 2025

2.4 M €

+122% vs previous year

Employees

Turnover per employee: 72 k €

Taxes paid · 2024

215 k €

Payroll fund / employees: 13 k €

Payroll fund · 2024 estimate

429 k €

Wage estimate, gross: 2,101 €

Tax breakdown · 2026 Q3

Total paid to VID 69 k €

Personal income tax 26 k €

Social contributions 49 k €

VAT paid · after deductions 0 €

VAT refunded by the state 6 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	69 k €	26 k €	49 k €	0 €	6 k €
2026 Q2	65 k €	24 k €	54 k €	0 €	13 k €
2026 Q1	114 k €	39 k €	77 k €	0 €	15 k €
2025 Q4	90 k €	35 k €	71 k €	0 €	17 k €
2024	215 k €	85 k €	146 k €	—	—
2023	30 k €	10 k €	16 k €	—	—

Financial health · From the 2025 balance sheet

Net profit349 k €

Total assets567 k €

Equity422 k €

Current ratio2.0

Quick ratio2.0

Debt to equity0.3

Equity ratio74.5%

Return on assets61.5%

Return on equity82.5%

Cross-section against the peer median

Compared with companies under NACE code 43.99 — 24.

Turnover

×1.2

2.4 M € 2.0 M €

Employees

×1.5

33 23

Taxes paid

×5.4

69 k € 13 k €

Payroll

×1.3

429 k € 327 k €

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 72 k € ×0.8 of the median

Margin 14.7%

Year on year +122%

Payroll fund estimate 429 k €

Registration number 40203464508

Registered address Ropažu nov., Ropažu pag., Nāgelmuiža, "Pīlādži

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	2.4 M €	349 k €	567 k €	33
2024	1.1 M €	61 k €	132 k €	18
2023	236 k €	8 k €	31 k €	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 43 — Specialised construction activities — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

20.9 M €

Industry goods imports

81.5 M €

Exported most: Base metals and articles thereof — 6.2 M €, Miscellaneous manufactured articles — 5.3 M €, Chemical products — 5.2 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.