Company · 10.51 · Manufacture of food products

AS Talsu Piensaimnieks

Address confidence: Confirmed

Show on the map Company website Sector: Manufacturing

From the company website
The public limited company Talsu Piensaimnieks. The Pearls of Kuzeme – right in the heart of Talsi lies the producer of Talsu rituļi, a cheese much loved throughout Latvia, and that is AS Talsu Piensaimnieks
Akciju sabiedrību Talsu Piensaimnieks. Kuzemes pērles - Talsu viducī atrodas Latvijā iecienītu sieru - Talsu rituļu ražotājs, un tā ir AS Talsu Piensaimnieks

Turnover · 2025

12.5 M €

+8% vs previous year

Employees

Turnover per employee: 133 k €

Taxes paid · 2024

981 k €

Payroll fund / employees: 15 k €

Payroll fund · 2024 estimate

1.4 M €

Wage estimate, gross: 1,321 €

Tax breakdown · 2026 Q3

Total paid to VID 374 k €

Personal income tax 48 k €

Social contributions 133 k €

VAT paid · after deductions 189 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	374 k €	48 k €	133 k €	189 k €	0 €
2026 Q2	240 k €	46 k €	127 k €	63 k €	0 €
2026 Q1	205 k €	43 k €	124 k €	40 k €	7 k €
2025 Q4	181 k €	47 k €	124 k €	10 k €	3 k €
2024	981 k €	241 k €	492 k €	—	—
2023	1.1 M €	226 k €	464 k €	—	—
2022	856 k €	218 k €	452 k €	—	—

Financial health · From the 2025 balance sheet

Net profit-158816 €

Total assets5.2 M €

Equity4.1 M €

Current ratio3.6

Quick ratio2.8

Debt to equity0.3

Equity ratio79.9%

Return on assets-3.1%

Return on equity-3.8%

Cross-section against the peer median

Compared with companies under NACE code 10.51 — 24.

Turnover

×2.0

12.5 M € 6.3 M €

Employees

×1.5

94 63

Taxes paid

×11

374 k € 34 k €

Payroll

×2.0

1.4 M € 717 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 58% of peers

Employees

above 63% of peers

This company Peer median · 24

Indicators

Turnover per employee 133 k € ×1.3 of the median

Margin -1.3%

Year on year +8%

Payroll fund estimate 1.4 M €

Registration number 59003001711

Registered address Talsu nov., Talsi, Kalna iela 10

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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Public contracts

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

All time

559 k €

Contracts

Latest contract: 2026-09-24

Largest buyer

Talsu 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	12.5 M €	-158816 €	5.2 M €	94
2024	11.5 M €	251 k €	5.6 M €	90
2023	10.9 M €	311 k €	5.2 M €	92
2022	11.3 M €	-234896 €	4.9 M €	90
2021	9.7 M €	-124836 €	5.2 M €	95
2020	9.7 M €	330 k €	5.3 M €	94

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.