Company · 51.10 · Air transport

SIA Norse Atlantic Airways Latvia

Address confidence: Confirmed

Show on the map Find website Sector: Transport and storage

Turnover · 2025

3.5 M €

0% vs previous year

Employees

Turnover per employee: 69 k €

Taxes paid · 2024

3 k €

Payroll fund / employees: 112 €

Payroll fund · 2024 estimate

6 k €

Wage estimate, gross: 477 €

Tax breakdown · 2026 Q3

Total paid to VID 484 k €

Personal income tax 172 k €

Social contributions 325 k €

VAT paid · after deductions 0 €

VAT refunded by the state 16 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	484 k €	172 k €	325 k €	0 €	16 k €
2026 Q2	451 k €	159 k €	310 k €	0 €	21 k €
2026 Q1	381 k €	136 k €	257 k €	0 €	14 k €
2025 Q4	321 k €	113 k €	216 k €	0 €	11 k €
2024	3 k €	1 k €	2 k €	—	—

Financial health · From the 2025 balance sheet

Net profit95 k €

Total assets6.0 M €

Equity98 k €

Current ratio1.0

Quick ratio1.0

Debt to equity60.6

Equity ratio1.6%

Return on assets1.6%

Return on equity97.1%

Cross-section against the peer median

Compared with companies under NACE code 51.10 — 19.

Turnover

×36

3.5 M € 100 k €

Employees

×26

51 2

Taxes paid

×89

484 k € 5 k €

Payroll

÷3.2

6 k € 18 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 68% of peers

Employees

above 84% of peers

This company Peer median · 19

Indicators

Turnover per employee 69 k € ×1.4 of the median

Margin 2.7%

Year on year 0%

Payroll fund estimate 6 k €

Registration number 40203597158

Registered address Rīga, Marijas iela 2A

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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Foreign trade of the industry · 2025

All companies in division 51 — Air transport — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

13.2 M €

Industry goods imports

not published

Exported most: Vehicles and transport equipment — 11.6 M €, Machinery and electrical equipment — 562 k €, Mineral products — 343 k €

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.