Company · 41.00 · Construction of buildings

SIA Hovers

Address confidence: Confirmed

Show on the map Find website Sector: Construction

Turnover · 2025

3.0 M €

-2% vs previous year

Employees

Turnover per employee: 330 k €

Taxes paid · 2024

-42350 €

Payroll fund / employees: 44 k €

Payroll fund · 2024 estimate

393 k €

Wage estimate, gross: 1,926 €

Tax breakdown · 2026 Q3

Total paid to VID -37010 €

Personal income tax 31 k €

Social contributions 53 k €

VAT paid · after deductions 0 €

VAT refunded by the state 121 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	-37010 €	31 k €	53 k €	0 €	121 k €
2026 Q2	-136930 €	34 k €	55 k €	0 €	225 k €
2026 Q1	-141750 €	22 k €	36 k €	0 €	200 k €
2025 Q4	-15800 €	23 k €	38 k €	0 €	78 k €
2024	-42350 €	76 k €	134 k €	—	—
2023	-3280 €	17 k €	30 k €	—	—

Financial health · From the 2025 balance sheet

Net profit351 k €

Total assets735 k €

Equity411 k €

Current ratio2.2

Quick ratio1.2

Debt to equity0.8

Equity ratio55.9%

Return on assets47.8%

Return on equity85.5%

Cross-section against the peer median

Compared with companies under NACE code 41.00 — 24.

Turnover

÷1.0

3.0 M € 3.0 M €

Employees

÷3.2

9 29

Taxes paid

÷10

-37010 € 0 €

Payroll

×1.5

393 k € 268 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 42% of peers

Employees

above 13% of peers

This company Peer median · 24

Indicators

Turnover per employee 330 k € ×3.1 of the median

Margin 11.8%

Year on year -2%

Payroll fund estimate 393 k €

Registration number 40203470330

Registered address Rīga, Krīvu iela 20

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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Public contracts

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

All time

12 k €

Contracts

Latest contract: 2025-09-02

Largest buyer

Rīgas Riteņbraukšanas skola

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	3.0 M €	351 k €	735 k €	9
2024	3.0 M €	15 k €	184 k €	17
2023	1.2 M €	41 k €	161 k €	7

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 41 — Construction of buildings — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

95.7 M €

Industry goods imports

40.1 M €

Exported most: Miscellaneous manufactured articles — 39.9 M €, Stone, cement, ceramic and glass articles — 29.4 M €, Base metals and articles thereof — 20.8 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.