Company · 68.20 · Real estate activities

SIA FIRMA MADARA 89 ĪPAŠUMI

Address confidence: Confirmed

Show on the map Find website Sector: Real estate

Turnover · 2025

7.5 M €

+19% vs previous year

Employees

Turnover per employee: 3.7 M €

Taxes paid · 2024

2.1 M €

Payroll fund / employees: 602 €

Payroll fund · 2024 estimate

1 k €

Wage estimate, gross: 100 €

Tax breakdown · 2026 Q3

Total paid to VID 361 k €

Personal income tax 8 k €

Social contributions 1 k €

VAT paid · after deductions 352 k €

VAT refunded by the state 0 €

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	361 k €	8 k €	1 k €	352 k €	0 €
2026 Q2	361 k €	8 k €	1 k €	352 k €	0 €
2026 Q1	369 k €	730 €	1 k €	368 k €	0 €
2025 Q4	384 k €	8 k €	1 k €	375 k €	0 €
2024	2.1 M €	30 k €	410 €	—	—
2023	1.1 M €	270 €	380 €	—	—
2022	893 k €	330 €	0 €	—	—

Financial health · From the 2025 balance sheet

Net profit3.7 M €

Total assets43.6 M €

Equity20.6 M €

Current ratio0.0

Quick ratio0.0

Debt to equity1.1

Equity ratio47.3%

Return on assets8.4%

Return on equity17.8%

Cross-section against the peer median

Compared with companies under NACE code 68.20 — 24.

Turnover

×1.1

7.5 M € 6.7 M €

Employees

÷3.5

2 7

Taxes paid

×1.1

361 k € 331 k €

Payroll

÷111

1 k € 134 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 58% of peers

Employees

above 21% of peers

This company Peer median · 24

Indicators

Turnover per employee 3.7 M € ×3.9 of the median

Margin 49.1%

Year on year +19%

Payroll fund estimate 1 k €

Registration number 44103106564

Registered address Smiltenes nov., Smiltene, Baznīcas laukums 2

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	7.5 M €	3.7 M €	43.6 M €	2
2024	6.2 M €	2.5 M €	33.1 M €	1
2023	5.5 M €	6.3 M €	47.0 M €	1
2022	5.3 M €	4.8 M €	38.2 M €	1
2021	268 k €	5.9 M €	34.6 M €	0
2020	268 k €	167 k €	5.8 M €	0

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 68 — Real estate activities — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

29.5 M €

Industry goods imports

10.7 M €

Exported most: Prepared foodstuffs, beverages, tobacco — 17.2 M €, Chemical products — 3.6 M €, Base metals and articles thereof — 2.8 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.