Company · 42.22 · Civil engineering

SIA WOLTEC

Address confidence: Confirmed

Show on the map Company website Sector: Construction

Turnover · 2025

42.9 M €

+38% vs previous year

Employees

320

Turnover per employee: 134 k €

Taxes paid · 2024

2.3 M €

Payroll fund / employees: 25 k €

Payroll fund · 2024 estimate

7.9 M €

Wage estimate, gross: 2,189 €

Tax breakdown · 2026 Q3

Total paid to VID 1.0 M €

Personal income tax 591 k €

Social contributions 1.1 M €

VAT paid · after deductions 0 €

VAT refunded by the state 724 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	1.0 M €	591 k €	1.1 M €	0 €	724 k €
2026 Q2	840 k €	537 k €	1.0 M €	0 €	713 k €
2026 Q1	990 k €	503 k €	954 k €	0 €	468 k €
2025 Q4	781 k €	590 k €	1.1 M €	0 €	915 k €
2024	2.3 M €	1.4 M €	2.7 M €	—	—
2023	1.6 M €	1.1 M €	2.0 M €	—	—
2022	1.1 M €	997 k €	2.0 M €	—	—

Financial health · From the 2025 balance sheet

Net profit2.0 M €

Total assets28.6 M €

Equity7.0 M €

Current ratio1.2

Quick ratio1.1

Debt to equity3.0

Equity ratio24.5%

Return on assets7.1%

Return on equity28.9%

Cross-section against the peer median

Compared with companies under NACE code 42.22 — 24.

Turnover

×2.4

42.9 M € 18.1 M €

Employees

×4.1

320 78

Taxes paid

×8.1

1.0 M € 124 k €

Payroll

×5.3

7.9 M € 1.5 M €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 83% of peers

Employees

above 96% of peers

This company Peer median · 24

Indicators

Turnover per employee 134 k € ×0.6 of the median

Margin 4.7%

Year on year +38%

Payroll fund estimate 7.9 M €

Registration number 44103097350

Registered address Valmieras nov., Valmiera, Ausekļa iela 31

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

Reck

Rīga · 41.0 M €

ECC LATVIJA

Ķekavas nov. · 39.1 M €

KL SYSTEMS

Rīga · 48.4 M €

Connecto Latvija

Rīga · 36.8 M €

ELSANA

Rīga · 33.0 M €

Enersense

Mārupes nov. · 32.5 M €

Public contracts

Contracts awarded by public buyers, from the Procurement Monitoring Bureau. Published facts, not estimates.

All time

75.6 M €

Contracts

Latest contract: 2026-10-07

Largest buyer

Limbažu novada pašvaldība

Latest contracts

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	42.9 M €	2.0 M €	28.6 M €	320
2024	31.0 M €	1.9 M €	15.9 M €	294
2023	25.8 M €	916 k €	11.2 M €	289
2022	23.1 M €	278 k €	10.0 M €	301
2021	21.8 M €	882 k €	8.6 M €	315
2020	23.4 M €	1.1 M €	8.7 M €	321

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 42 — Civil engineering — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

9.6 M €

Industry goods imports

128.0 M €

Exported most: Machinery and electrical equipment — 3.6 M €, Mineral products — 1.9 M €, Stone, cement, ceramic and glass articles — 1.5 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.