Company · 02.20 · Forestry and logging

SIA LV FOREST

Address confidence: Confirmed

Show on the map Company website Sector: Agriculture and forestry

From the company website
Birch veneer logs are timber used in the production of veneer. Veneer is one of the most widely used sheet materials worldwide
Bērza finierkluči ir kokmateriāli, ko izmanto finieru ražošanai. Finieris ir viens no visplašāk izmantotajiem plātņu materiāliem visā pasaulē

Turnover · 2025

6.2 M €

+176% vs previous year

Employees

Turnover per employee: 685 k €

Taxes paid · 2024

10 k €

Payroll fund / employees: 4 k €

Payroll fund · 2024 estimate

36 k €

Wage estimate, gross: 988 €

Tax breakdown · 2026 Q3

Total paid to VID -42180 €

Personal income tax 36 k €

Social contributions 44 k €

VAT paid · after deductions 0 €

VAT refunded by the state 122 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	-42180 €	36 k €	44 k €	0 €	122 k €
2026 Q2	-69960 €	27 k €	29 k €	60 €	127 k €
2026 Q1	38 k €	44 k €	30 k €	0 €	36 k €
2025 Q4	-29470 €	17 k €	24 k €	70 €	72 k €
2024	10 k €	25 k €	12 k €	—	—

Financial health · From the 2025 balance sheet

Net profit490 k €

Total assets2.0 M €

Equity636 k €

Current ratio1.1

Quick ratio0.4

Debt to equity2.1

Equity ratio32.0%

Return on assets24.7%

Return on equity77.1%

Cross-section against the peer median

Compared with companies under NACE code 02.20 — 24.

Turnover

×1.1

6.2 M € 5.6 M €

Employees

÷3.2

9 29

Taxes paid

÷10

-42180 € 23 k €

Payroll

÷15

36 k € 543 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 63% of peers

Employees

above 8% of peers

This company Peer median · 24

Indicators

Turnover per employee 685 k € ×3.6 of the median

Margin 8.0%

Year on year +176%

Payroll fund estimate 36 k €

Registration number 40203566317

Registered address Rīga, Duntes iela 15A

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	6.2 M €	490 k €	2.0 M €	9
2024	2.2 M €	143 k €	708 k €	4

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 02 — Forestry and logging — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

173.5 M €

Industry goods imports

19.3 M €

Goods exports to turnover estimate

Industry goods exports against the turnover of its companies on this site: two sources, so only the order of magnitude holds.

Exported most: Wood and articles of wood — 167.1 M €, Vegetable products — 4.4 M €, Miscellaneous manufactured articles — 1.3 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.