Company · 79.11 · Travel agency and tour operator activities

SIA Baltic GSA

Address confidence: Confirmed

Show on the map Company website Sector: Administrative services

From the company website
Baltic GSA links leading cruise lines, aviation partners and travel technologies with the trade and travellers in Latvia, Lithuania and Estonia. Boost sales through Baltic market expertise, professional partnerships and…

Turnover · 2025

3.0 M €

+21% vs previous year

Employees

Turnover per employee: 1.5 M €

Taxes paid · 2024

33 k €

Payroll fund / employees: 8 k €

Payroll fund · 2024 estimate

17 k €

Wage estimate, gross: 702 €

Tax breakdown · 2026 Q3

Total paid to VID 2 k €

Personal income tax 350 €

Social contributions 2 k €

VAT paid · after deductions 0 €

VAT refunded by the state 520 €

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	2 k €	350 €	2 k €	0 €	520 €
2026 Q2	29 k €	260 €	2 k €	0 €	390 €
2026 Q1	2 k €	420 €	2 k €	0 €	450 €
2025 Q4	4 k €	100 €	2 k €	0 €	350 €
2024	33 k €	2 k €	6 k €	—	—
2023	13 k €	3 k €	6 k €	—	—
2022	8 k €	2 k €	4 k €	—	—

Financial health · From the 2025 balance sheet

Net profit203 k €

Total assets499 k €

Equity228 k €

Current ratio2.0

Quick ratio2.0

Debt to equity1.2

Equity ratio45.8%

Return on assets40.8%

Return on equity89.0%

Cross-section against the peer median

Compared with companies under NACE code 79.11 — 24.

Turnover

×1.7

3.0 M € 1.8 M €

Employees

÷2.3

2 5

Taxes paid

÷6.2

2 k € 11 k €

Payroll

÷3.3

17 k € 55 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 71% of peers

Employees

above 21% of peers

This company Peer median · 24

Indicators

Turnover per employee 1.5 M € ×3.9 of the median

Margin 6.7%

Year on year +21%

Payroll fund estimate 17 k €

Registration number 50103264751

Registered address Rīga, Skolas iela 21

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 €	203 k €	499 k €	2
2024	2.5 M €	155 k €	399 k €	2
2023	2.4 M €	148 k €	600 k €	2
2022	896 k €	41 k €	426 k €	2
2021	167 k €	-7441 €	125 k €	2
2020	744 k €	55 k €	239 k €	2

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 79 — Travel agency and tour operator activities — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

not published

Industry goods imports

9 k €

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.