adidas Baltics — Reg. No. 40003788440

Return to search

"adidas Baltics" SIA

ADIDAS BALTICS

Zaļā iela 1, Rīga, LV-1010

Registration No.

40003788440

Status

Registered

Commercial Register

Registered on

2005-12-09

Legal form

Limited Liability Company

Equity capital

Paid-up equity 28 457 €

Registered payment 2015-09-24

VAT number

LV40003788440

VAT registered on 2006-01-05

Members

Company Members

Total: 1

Per page

ActiveCompany

Adidas International B.V. (NL)

Identifier: 33276292

Number of shares: 28 457
Nominal value per share: 1,00 EUR
Share capital value: 28 457,00 EUR
100% of share capital
Personally liable: No

From: 2015-09-18
To: Not available
Registered on: 2015-09-24
Removed on: Not available

Officers

Company Officers

Total: 2

Per page

Moguš Marina (DE)

Chairperson of the Board

Identifier: 800054-98307

Active Executive Board

Rights of representation

Jointly with at least 1 persons entitled to representJointly with at least 1 person(s)

Niepel Barbara (DE)

Member of the Board

Identifier: 800063-00008

Active Executive Board

Rights of representation

Jointly with at least 1 persons entitled to representJointly with at least 1 person(s)

Financial key indicatorsLatest year: 2024

Overall financial risk (latest available year)

Lower observed financial risk

LiquiditySolvencyProfitability

This summary is based only on the publicly available balance sheet, income statement and, if present, cash flow statement. For small and micro entities some indicators may be missing.

Turnover

16,681,369 EUR

Net result

364,883 EUR

Margin: 2.2%

Balance sheet size

8,875,097 EUR

Equity: 3,176,662 EUR (35.8%)

Liquidity (short-term payments)

Comfortable

The company appears able to cover its short-term liabilities from its current assets with some safety margin.

Current ratio: 1.8
Quick ratio: 1.5

Solvency (capital strength)

Solid

A significant part of the company is financed by its own capital, which usually means lower long-term financial risk.

Equity ratio: 35.8%
Debt-to-assets: 53.0%

Profitability & cash flow

Low profit

Profitability is positive but low. Even small negative changes in turnover or costs may lead to losses.

Net margin: 2.2%
Return on assets (ROA): 4.1%
Operating cash flow: -731,454 EUR

Simple trend (last 3 years)

Colour hints show improvement or deterioration across years.

Year	Turnover	Net margin	Equity ratio	Current ratio
2024	16,681,369	2.2%	35.8%	1.8
2023	18,519,350	2.1%	29.4%	1.6
2022	18,560,611	5.0%	31.4%	1.8

Trends are indicative only. Small changes can be caused by rounding, classification or changes in reporting format.

Key metrics by year

Each column shows one reporting year. Some metrics may be missing if they are not required in the filed report.

Metric	2024	2023	2022	2021	2020
Turnover	16,681,369	18,519,350	18,560,611	17,571,811	17,658,500
Net result	364,883	382,841	922,534	-427,430	8,046
Net margin	2.2%	2.1%	5.0%	-2.4%	0.0%
Return on assets (ROA)	4.1%	4.0%	11.9%	-6.5%	0.1%
Equity ratio	35.8%	29.4%	31.4%	23.0%	21.3%
Debt-to-assets	53.0%	60.9%	55.5%	69.8%	64.7%
Current ratio	1.8	1.6	1.8	1.3	1.5
Quick ratio	1.5	1.4	1.4	1.1	1.1
Operating cash flow	-731,454	-181,803	395,949	-193,248	168,773

Values are derived from the published balance sheet, income statement and cash flow statement (if available). A missing value usually means that the line item is not reported or not required for that entity size.

Label	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Year Started	2024-01-01	2023-01-01	2022-01-01	2021-01-01	2020-01-01	2019-01-01	2018-01-01	2017-01-01	2016-01-01	2015-01-01	2014-01-01	2013-01-01	2012-01-01	2011-01-01	2010-01-01
Year Ended	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Report date	2025-09-19	2025-06-18	2024-01-15	2022-12-06	2021-12-01	2020-07-28	2019-08-16	2018-07-30	2017-07-31	2016-07-25	2015-07-28	2014-08-01	2013-07-30	2012-06-01	2011-06-01
Employees	27	35	37	30	32	40	49	59	59	65	58	58	53	13	13
Currency	EUR	EUR	EUR	EUR	EUR	EUR	EUR	EUR	EUR	EUR	EUR	LVL	LVL	LVL	LVL
Rounded To	ONES	ONES	ONES	ONES	ONES	ONES	ONES	ONES	ONES	ONES	ONES	ONES	ONES	ONES	ONES
Source Schema	DokGPv1	DokGPv1	DokGPv1	DokGPv1	DokGPv1	DokGPv1	DokGPv1	DokGPUIENv1	DokGPUIENv1	DokUGP2008v1	DokUGP2008v1	DokUGP2008v1	DokUGP2008v1	DokUGP2008v1	DokUGP2008v1
Source Type	UGP	UGP	UGP	UGP	UGP	UGP	UGP	UGP	UGP	—	—	—	—	—	—

Balance sheet

Per year

Label	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash	534,020	782,266	141,225	214,839	2,673,955	2,000,302	1,474,214	2,718,095	1,065,123	972,523	717,406	955,790	1,193,266	410,092	1,828,500
Accounts Receivable	6,112,408	7,019,430	5,269,086	4,838,357	4,064,758	4,951,111	4,714,434	3,651,034	4,411,402	4,812,007	4,174,303	3,754,795	2,846,788	3,154,869	1,301,759
Inventory	1,126,032	1,091,824	1,600,810	1,035,809	1,842,315	1,123,100	1,542,117	1,612,825	1,516,932	1,163,764	1,174,377	508,342	482,134	642,429	647,550
Marketable Securities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Assets	7,772,460	8,893,520	7,011,121	6,089,005	8,581,028	8,074,513	7,730,765	7,981,954	6,993,457	6,948,294	6,066,086	5,218,927	4,522,188	4,207,390	3,777,809
Investments	212,860	274,884	274,884	274,884	274,884	274,884	323,142	26,641	216,396	0	0	0	0	0	0
Fixed Assets	889,777	407,134	437,402	199,333	226,382	229,325	131,507	348,921	544,180	420,091	461,976	353,253	255,280	130,907	236,608
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	67,344
Non-Current Assets	1,102,637	682,018	712,286	474,217	501,266	504,209	454,649	375,562	760,576	668,165	765,319	587,753	463,502	223,917	303,952
Total Assets	8,875,097	9,575,538	7,723,407	6,563,222	9,082,294	8,578,722	8,185,414	8,357,516	7,754,033	7,616,459	6,831,405	5,806,680	4,985,690	4,431,307	4,081,761
Current Liabilities	4,346,656	5,423,526	3,823,755	4,579,734	5,877,296	4,237,413	5,487,292	7,450,952	5,188,311	5,478,572	5,107,596	4,670,316	4,056,311	3,748,311	3,800,792
Non-Current Liabilities	356,694	408,265	459,835	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity	3,176,662	2,811,779	2,428,938	1,506,404	1,933,834	3,425,788	2,517,851	732,566	2,435,787	2,049,848	1,705,480	1,100,709	911,106	578,759	257,776
Total	8,875,097	9,575,538	7,723,407	6,563,222	9,082,294	8,578,722	8,185,414	8,357,516	7,754,033	7,616,459	6,831,405	5,806,680	4,985,690	4,431,307	4,081,761

Income statement

Per year

Label	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Net Turnover	16,681,369	18,519,350	18,560,611	17,571,811	17,658,500	23,114,432	22,862,621	20,991,958	19,422,131	18,477,546	18,114,580	11,519,228	10,399,246	10,692,770	8,508,653
Cost of Goods Sold	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Administrative Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory Change	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
LT Investment Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Revenues	43,255	69,186	57,862	0	0	0	0	11,062	14,165	48,472	314,123	4,459	1,773	4,920	0
Material Expenses	13,130,192	15,243,509	14,819,773	15,690,312	15,253,577	20,197,601	16,244,815	14,057,960	13,391,784	12,275,564	12,867,215	6,825,783	6,278,402	7,662,180	5,257,925
Labour Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation Expenses	249,459	201,638	180,935	83,083	-5,016	-590,424	1,294,225	349,102	226,363	188,052	156,722	293,143	89,866	222,725	423,466
Other Operating Expenses	2,279,728	2,020,178	2,139,741	1,716,494	1,650,869	1,835,394	3,619,385	4,534,982	4,024,203	4,373,792	4,089,575	3,205,434	2,859,702	2,047,234	1,867,049
Equity Investment Earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other LT Investment Earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Interest Revenues	143,260	117,806	11,604	33,912	31,700	26,723	1,418	1,376	81	1,065	2,038	179	44,060	279,213	4,186
Investment Fair Value Adj.	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expenses	210,315	190,239	25,419	31,360	16,927	19,366	7,049	5,101	7,671	15,997	23,149	26,600	21,065	66,043	64,795
Extra Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extra Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Income Before Income Taxes	438,561	389,010	921,832	-422,430	87,682	980,334	623,830	523,086	479,000	447,633	136,880	250,508	441,008	272,678	282,333
Provision For Income Taxes	11,654	6,169	0	5,000	79,636	24,139	226,883	251,335	119,885	96,002	37,378	79,193	78,608	44,705	91,647
Income After Income Taxes	426,907	382,841	921,832	-427,430	8,046	956,195	396,947	271,751	359,115	0	0	0	0	0	0
Other Taxes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extra Dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	364,883	382,841	922,534	-427,430	8,046	907,937	720,089	96,779	385,939	344,368	139,312	189,603	332,347	320,983	190,686

Cash flow statement

Per year

Label	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Received from Customers	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Paid to Suppliers/Employees	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Income Before Taxes	438,561	389,010	921,832	-422,430	87,682	980,334	623,830	523,086	479,000	447,633	136,880	250,508	441,008	272,678	282,333
Income Before WC Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Cash Rec./Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Cash Flow	-731,454	-181,803	395,949	-193,248	168,773	3,829,493	687,559	1,807,271	465,681	2,531,730	-958,992	57,108	299,659	427,453	540,461
Interest Paid	0	5,116	-3	-10,134	-3,778	-1,406	-992	-368	0	0	0	0	0	0	0
Taxes Paid	-11,654	6,169	0	0	-138,003	-308,418	-220,912	-104,345	-28,791	-69,917	-87,430	-69,347	-36,177	107,035	91,662
Extra Items Cash Flow	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Operating Cash Flow	-743,108	193,088	395,946	-203,382	26,992	3,519,669	465,655	-1,702,558	436,890	2,461,813	-1,046,422	-12,239	263,482	320,418	448,799
Stocks Acquisition	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stocks Sale Proceeds	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Fixed/intang. Assets Acquisition	-709,650	-167,563	-383,399	-62,623	-88,503	-219,323	-4,809	-153,543	-350,452	-146,289	-116,064	-204,012	-214,752	49,680	4,262
Fixed/intang. Assets Sale Proceeds	0	0	0	0	0	0	0	0	0	316	0	478	579	0	0
Loans Made	0	0	-9,194,767	-9,057,922	-10,366,139	-13,697,755	-34,541	0	0	-1,255,227	0	-322,573	0	1,461,761	0
Loan Repayments Received	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Received	0	3,057	156	48	3,021	16,655	1,418	123	29	30	0	0	624	1,559	0
Dividends Received	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Investing Cash Flow	-709,650	-164,506	0	-977,521	-225,533	-1,895,376	-40,768	75,500	-8,582	-1,401,170	1,310,737	-526,107	237,813	-1,509,882	-4,262
Stocks/Bonds Issuance Proceeds	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Loans Received	0	998,635	13,411,069	10,877,226	12,084,688	-13,542,315	0	1,674,914	0	0	0	301,289	282,589	0	0
Subsidies/Grants/Contrib. Received	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Loan Repayments Made	0	0	-13,855,274	-12,155,439	-9,712,494	12,444,110	-1,668,768	0	-335,708	-804,502	-903,757	0	0	227,838	69,852
Lease Obligations Repayments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends Paid	0	0	0	0	-1,500,000	0	0	-1,800,000	0	0	0	0	0	0	0
Net Financing Cash Flow	1,204,512	998,635	-444,205	-1,278,213	872,194	-1,098,205	-1,668,768	-125,086	-335,708	-805,526	-906,876	300,870	281,879	-228,944	-70,944
Effect of Exchange Rate Change	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Increase	-248,246	641,041	-73,614	-2,459,116	673,653	526,088	-1,243,881	1,652,972	92,600	255,117	-642,561	-237,476	783,174	-1,418,408	373,593
At Beginning of Year	782,266	141,225	214,839	2,673,955	2,000,302	1,474,214	2,718,095	1,065,123	972,523	717,406	1,359,967	1,193,266	410,092	1,828,500	1,454,907
At End of Year	534,020	782,266	141,225	214,839	2,673,955	2,000,302	1,474,214	2,718,095	1,065,123	972,523	717,406	955,790	1,193,266	410,092	1,828,500

"adidas Baltics" SIA

Company Members

Company Officers

Financial key indicatorsLatest year: 2024

Meta

Balance sheet

Income statement

Cash flow statement