Company · 42.22 · Civil engineering

SIA Connecto Latvija

Address confidence: Confirmed

Show on the map Group website Sector: Construction

Turnover · 2025

36.8 M €

+30% vs previous year

Employees

Turnover per employee: 549 k €

Taxes paid · 2024

-187640 €

Payroll fund / employees: 24 k €

Payroll fund · 2024 estimate

1.6 M €

Wage estimate, gross: 2,700 €

Tax breakdown · 2026 Q3

Total paid to VID -96750 €

Personal income tax 74 k €

Social contributions 216 k €

VAT paid · after deductions 0 €

VAT refunded by the state 950 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	-96750 €	74 k €	216 k €	0 €	950 k €
2026 Q2	-187270 €	72 k €	222 k €	0 €	483 k €
2026 Q1	-395730 €	90 k €	216 k €	0 €	702 k €
2025 Q4	100 k €	111 k €	205 k €	0 €	215 k €
2024	-187640 €	315 k €	552 k €	—	—
2023	146 k €	83 k €	151 k €	—	—

Financial health · From the 2025 balance sheet

Net profit4.7 M €

Total assets19.6 M €

Equity4.9 M €

Current ratio1.3

Quick ratio1.1

Debt to equity3.0

Equity ratio24.9%

Return on assets24.0%

Return on equity96.4%

Cross-section against the peer median

Compared with companies under NACE code 42.22 — 24.

Turnover

×2.8

36.8 M € 13.2 M €

Employees

÷1.3

67 89

Taxes paid

÷10

-96750 € 130 k €

Payroll

÷1.0

1.6 M € 1.7 M €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 75% of peers

Employees

above 33% of peers

This company Peer median · 24

Indicators

Turnover per employee 549 k € ×3.7 of the median

Margin 12.8%

Year on year +30%

Payroll fund estimate 1.6 M €

Registration number 40203470773

Registered address Rīga, Atlantijas iela 101

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

ECC LATVIJA

Ķekavas nov. · 39.1 M €

ELSANA

Rīga · 33.0 M €

Reck

Rīga · 41.0 M €

Enersense

Mārupes nov. · 32.5 M €

WOLTEC

Valmiera · 42.9 M €

BT power

Limbažu nov. · 28.0 M €

Public contracts

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

All time

20.0 M €

Contracts

Latest contract: 2026-01-30

Largest buyer

AS “Augstsprieguma tīkls”

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	36.8 M €	4.7 M €	19.6 M €	67
2024	28.4 M €	3.3 M €	11.7 M €	53
2023	5.1 M €	146 k €	2.0 M €	22

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 42 — Civil engineering — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

9.6 M €

Industry goods imports

128.0 M €

Exported most: Machinery and electrical equipment — 3.6 M €, Mineral products — 1.9 M €, Stone, cement, ceramic and glass articles — 1.5 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.