Company · 16.11 · Manufacture of wood and wood products
SIA RITAL TIMBER
Turnover · 2024
2.3 M €
+45% vs previous year
Employees
42
Turnover per employee: 54 k €
Taxes paid · 2024
242 k €
Payroll fund / employees: 12 k €
Payroll fund · 2024 estimate
519 k €
Wage estimate, gross: 940 €
Financial health · From the 2024 balance sheet
Cross-section against the peer median
Compared with companies under NACE code 16.11 — 24.
What changed
Position among peers
Indicators
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
Rivals in the niche
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 |
|---|---|---|---|---|
| 2024 | 2.3 M € | -148907 € | 2.4 M € | 42 |
| 2023 | 1.5 M € | -559732 € | 2.2 M € | 51 |
| 2022 | 2.5 M € | -126883 € | 2.0 M € | 45 |
| 2021 | 6.1 M € | 1.6 M € | 2.3 M € | 75 |
| 2020 | 2.9 M € | 119 k € | 577 k € | 58 |
| 2019 | 1.3 M € | 106 k € | 295 k € | 28 |
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 16 — Manufacture of wood and wood products — not this company. Trade by individual firms is not published by law; by industry it is.
Industry goods exports
2.1 bn €
Industry goods imports
503.4 M €
Goods exports to turnover estimate
55%
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: Wood and articles of wood — 2.0 bn €, Miscellaneous manufactured articles — 69.9 M €, Base metals and articles thereof — 7.9 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.
State support received
Sources: EU fund project registers kept by the Central Finance and Contracting Agency and the de minimis register of the Ministry of Finance, both CC0. Amounts are as published. Support granted to natural persons is not shown.
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