Company · 22.24 · Manufacture of rubber and plastic products

SIA Baltic Industrial Composites

Address confidence: Confirmed

Show on the map Company website Sector: Manufacturing

Turnover · 2025

3.0 M €

+19% vs previous year

Employees

Turnover per employee: 100 k €

Taxes paid · 2024

182 k €

Payroll fund / employees: 23 k €

Payroll fund · 2024 estimate

679 k €

Wage estimate, gross: 1,716 €

Tax breakdown · 2026 Q3

Total paid to VID 38 k €

Personal income tax 19 k €

Social contributions 44 k €

VAT paid · after deductions 0 €

VAT refunded by the state 26 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	38 k €	19 k €	44 k €	0 €	26 k €
2026 Q2	39 k €	19 k €	45 k €	0 €	26 k €
2026 Q1	22 k €	19 k €	46 k €	0 €	44 k €
2025 Q4	57 k €	25 k €	53 k €	0 €	21 k €
2024	182 k €	126 k €	232 k €	—	—
2023	202 k €	118 k €	201 k €	—	—
2022	113 k €	64 k €	143 k €	—	—

Financial health · From the 2025 balance sheet

Net profit496 k €

Total assets1.2 M €

Equity858 k €

Current ratio3.1

Quick ratio2.6

Debt to equity0.4

Equity ratio73.0%

Return on assets42.2%

Return on equity57.9%

Cross-section against the peer median

Compared with companies under NACE code 22.24 — 23.

Turnover

×6.1

3.0 M € 488 k €

Employees

×4.3

30 7

Taxes paid

×2.2

38 k € 17 k €

Payroll

×6.2

679 k € 110 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 78% of peers

Employees

above 83% of peers

This company Peer median · 23

Indicators

Turnover per employee 100 k € ×1.4 of the median

Margin 16.6%

Year on year +19%

Payroll fund estimate 679 k €

Registration number 41203051458

Registered address Rīga, Flotes iela 9

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	3.0 M €	496 k €	1.2 M €	30
2024	2.5 M €	72 k €	1.0 M €	32
2023	2.6 M €	74 k €	993 k €	29
2022	954 k €	9 k €	1.3 M €	29
2021	1.2 M €	8 k €	665 k €	29
2020	1.4 M €	4 k €	648 k €	33

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 22 — Manufacture of rubber and plastic products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

260.5 M €

Industry goods imports

191.0 M €

Goods exports to turnover estimate

60%

Industry goods exports against the turnover of its companies on this site: two sources, so only the order of magnitude holds. A share this high is why companies in the industry pay little net VAT: exported goods carry no VAT.

Exported most: Plastics and rubber — 232.5 M €, Miscellaneous manufactured articles — 6.6 M €, Wood and articles of wood — 6.0 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.