Company · 10.41 · Manufacture of food products

SIA Iecavnieks & Co

Address confidence: Confirmed

Show on the map Company website Sector: Manufacturing

From the company website
Iecavnieks – the largest producer of cold-pressed oil in the Baltics, which processes rapeseed, linseed and hemp seeds in Latvia using a full production cycle
Iecavnieks – lielākais auksti spiestas eļļas ražotājs Baltijā, kas pārstrādā rapšu, linu un kaņepju sēklas Latvijā ar pilnu ražošanas ciklu

Turnover · 2025

4.9 M €

-10% vs previous year

Employees

Turnover per employee: 114 k €

Taxes paid · 2024

409 k €

Payroll fund / employees: 18 k €

Payroll fund · 2024 estimate

776 k €

Wage estimate, gross: 1,437 €

Tax breakdown · 2026 Q3

Total paid to VID 119 k €

Personal income tax 40 k €

Social contributions 79 k €

VAT paid · after deductions 0 €

VAT refunded by the state 0 €

Quarterly history

Quarter	Total paid to VID	Personal income tax	Social contributions	VAT paid · after deductions	VAT refunded by the state
2026 Q3	119 k €	40 k €	79 k €	0 €	0 €
2026 Q2	80 k €	24 k €	55 k €	0 €	0 €
2026 Q1	88 k €	26 k €	59 k €	0 €	0 €
2025 Q4	106 k €	34 k €	68 k €	0 €	0 €
2024	409 k €	140 k €	265 k €	—	—
2023	378 k €	125 k €	248 k €	—	—
2022	44 k €	116 k €	235 k €	—	—

Financial health · From the 2025 balance sheet

Net profit-494827 €

Total assets7.0 M €

Equity2.8 M €

Current ratio0.8

Quick ratio0.2

Debt to equity1.5

Equity ratio39.9%

Return on assets-7.1%

Return on equity-17.8%

Cross-section against the peer median

Not enough companies under the exact code — compared within NACE division 10 · Manufacture of food products — 24.

Turnover

×1.0

4.9 M € 4.8 M €

Employees

÷1.5

43 64

Taxes paid

÷1.5

119 k € 176 k €

Payroll

×1.1

776 k € 714 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 54% of peers

Employees

above 29% of peers

This company Peer median · 24

Indicators

Turnover per employee 114 k € ×1.5 of the median

Margin -10.1%

Year on year -10%

Payroll fund estimate 776 k €

Registration number 43603048095

Registered address Bauskas nov., Iecavas pag., "Iecavnieki

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	4.9 M €	-494827 €	7.0 M €	43
2024	5.4 M €	10 k €	7.2 M €	45
2023	6.4 M €	49 k €	7.7 M €	48
2022	6.0 M €	332 k €	9.5 M €	53
2021	5.9 M €	557 k €	8.1 M €	48
2020	5.3 M €	344 k €	6.8 M €	47

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 10 — Manufacture of food products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

1.2 bn €

Industry goods imports

832.4 M €

Goods exports to turnover estimate

44%

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: Prepared foodstuffs, beverages, tobacco — 561.4 M €, Live animals and animal products — 432.6 M €, Vegetable products — 153.3 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.