Company · 42.22 · Civil engineering

SIA Nordex Latvia

Address confidence: Confirmed

Show on the map Find website Sector: Construction

Turnover · 2025

265.0 M €

+1000% vs previous year

Employees

Turnover per employee: 24.1 M €

Taxes paid · 2024

0 €

Payroll fund / employees: 64 k €

Payroll fund · 2024 estimate

699 k €

Wage estimate, gross: 5,298 €

Tax breakdown · 2026 Q3

Total paid to VID 121 k €

Personal income tax 105 k €

Social contributions 60 k €

VAT paid · after deductions 35 k €

VAT refunded by the state 78 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	121 k €	105 k €	60 k €	35 k €	78 k €
2026 Q2	137 k €	129 k €	73 k €	0 €	65 k €
2026 Q1	-394500 €	66 k €	59 k €	-390 €	519 k €
2025 Q4	-422180 €	41 k €	72 k €	65 k €	627 k €
2024	0 €	0 €	0 €	—	—

Financial health · From the 2025 balance sheet

Net profit5.7 M €

Total assets90.3 M €

Equity5.8 M €

Current ratio1.1

Quick ratio1.1

Debt to equity14.6

Equity ratio6.4%

Return on assets6.3%

Return on equity98.0%

Cross-section against the peer median

Compared with companies under NACE code 42.22 — 24.

Turnover

×15

265.0 M € 18.1 M €

Employees

÷7.8

11 86

Taxes paid

÷1.1

121 k € 130 k €

Payroll

÷2.3

699 k € 1.6 M €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 100% of peers

Employees

above 17% of peers

This company Peer median · 24

Indicators

Turnover per employee 24.1 M € ×114.4 of the median

Margin 2.1%

Year on year +1000%

Payroll fund estimate 699 k €

Registration number 40203555192

Registered address Rīga, Kronvalda bulvāris 3 - 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.

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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	265.0 M €	5.7 M €	90.3 M €	11
2024	9.0 M €	114 k €	68.3 M €	0

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.