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Company information

Adven Latvia SIA

ADVEN LATVIA

Rūpniecības iela 13A, Cēsis, Cēsu nov., LV-4101

Registration No.

40203143132

Status

Registered

Register

Commercial Register

Registered on

2018-05-14

Legal form

Limited Liability Company

Equity capital

Paid-up equity 5 042 800 €

Registered payment 2023-06-15

VAT number

LV40203143132

VAT registered on 2018-06-15

Members

Company Members

Total: 1

ActiveCompany

Adven Group Oy (FI)

Identifier: 2729543-5

Number of shares
5 042 800
Nominal value per share
1,00 EUR
Share capital value
5 042 800,00 EUR

100% of share capital

Personally liable
No
From
2023-06-08
To
Not available
Registered on
2023-06-15
Removed on
Not available

Officers

Company Officers

Total: 3

Heikkinen Ville-Veikko Adolf (FI)

Member of the Board

Identifier: 800063-25205

Active Executive Board

Rights of representation

  • Jointly with at least 1 persons entitled to representJointly with at least 1 person(s)
Appointed on
2024-10-10
Term until
Not available
Registered on
2024-10-10

Kampuss Egils (LV)

Member of the Board

Identifier: 240591-11351

Active Executive Board

Rights of representation

  • Jointly with at least 1 persons entitled to representJointly with at least 1 person(s)
Appointed on
2022-02-01
Term until
Not available
Registered on
2022-02-01

Showing 1-2 of 3 results

Page 1 of 2

Financial key indicatorsLatest year: 2025

Overall financial risk (latest available year)

Elevated 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

4,968,094 EUR

Net result

-527,239 EUR

Margin: -10.6%

Balance sheet size

19,430,063 EUR

Equity: 4,840,605 EUR (24.9%)

Liquidity (short-term payments)

Tight

Liquidity is acceptable but not very strong. Short-term cash-flow issues are possible if income falls or payments are delayed.

Current ratio
1.1
Quick ratio
1.1

Solvency (capital strength)

Moderate

Equity is relatively low compared to assets. The company relies notably on creditors and should be monitored.

Equity ratio
24.9%
Debt-to-assets
75.1%

Profitability & cash flow

Loss-making

The company reports a loss for the year, which increases financial risk if it continues over several periods.

Net margin
-10.6%
Return on assets (ROA)
-2.7%
Operating cash flow
904,457 EUR

Simple trend (last 3 years)

Colour hints show improvement or deterioration across years.

YearTurnoverNet marginEquity ratioCurrent ratio
20254,968,094-10.6%24.9%1.1
20244,461,808-8.1%35.7%0.8
20235,574,956-20.1%39.4%1.2

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.

Metric20252024202320222021
Turnover4,968,0944,461,8085,574,9564,417,083490,140
Net result-527,239-361,321-1,119,248-410,630-174,535
Net margin-10.6%-8.1%-20.1%-9.3%-35.6%
Return on assets (ROA)-2.7%-2.4%-7.7%-3.3%-1.7%
Equity ratio24.9%35.7%39.4%25.1%30.1%
Debt-to-assets75.1%64.3%60.6%74.9%69.9%
Current ratio1.10.81.21.42.2
Quick ratio1.10.71.21.42.2
Operating cash flow904,457386,028136,161411,725-65,382

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.

Meta

Label20252024202320222021202020192018
Year Started2025-01-012024-01-012023-01-012022-01-012021-01-012020-01-012019-01-012018-05-14
Year Ended2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Report date2026-03-312025-05-062024-05-292023-05-162022-05-012021-05-172020-05-222019-04-23
Employees403732248665
CurrencyEUREUREUREUREUREUREUREUR
Rounded ToONESONESONESONESONESONESONESONES
Source SchemaDokGPv1DokGPv1DokGPv1DokGPv1DokGPv1DokGPv1DokGPv1DokGPv1
Source TypeUGPUGPUGPUGPUGPUGPUGPUGP

Balance sheet

Per year

Label20252024202320222021202020192018
Cash598,076451,837368,780223,766216,413192,477467,446104,465
Accounts Receivable1,608,2581,351,4461,304,7191,886,39387,928111,46545,81991,651
Inventory42,44682,01325,04338,2050000
Current Assets2,248,7801,885,2961,698,5422,148,364304,341303,942513,265196,116
Investments5,495,4715,706,8355,918,0555,035,7949,779,2299,779,2299,359,5799,359,579
Fixed Assets10,384,7065,947,6015,201,8963,318,993123,997103,481103,00994,161
Intangible Assets1,301,1061,516,3431,732,2611,952,75511,51716,83322,1490
Non-Current Assets17,181,28313,170,77912,852,21210,307,5429,914,7439,899,5439,484,7379,453,740
Total Assets19,430,06315,056,07514,550,75412,455,90610,219,08410,203,4859,998,0029,649,856
Current Liabilities1,975,1462,472,0141,444,6211,541,504141,512187,164208,964975,602
Non-Current Liabilities12,614,3127,216,2187,376,9697,785,9907,002,5866,766,8006,230,3515,547,000
Equity4,840,6055,367,8435,729,1643,128,4123,074,9863,249,5213,558,6873,127,254
Total19,430,06315,056,07514,550,75412,455,90610,219,08410,203,4859,998,0029,649,856

Income statement

Per year

Label20252024202320222021202020192018
Net Turnover4,968,0944,461,8085,574,9564,417,083490,140423,438347,755180,769
Cost of Goods Sold4,104,7393,759,3055,554,4354,246,968220,432159,823148,06213,212
Gross Profit863,355702,50320,521170,115269,708263,615199,693167,557
Administrative Expenses1,025,035750,437827,455505,190374,847395,393352,412199,003
Other Operating Revenues234,940224,119146,074230,20010,33512,3249,9935,315
Other Operating Expenses287,011259,976239,761229,4819611,25414,5991,553
Equity Investment Earnings000114,730114,7300761,4561,952,326
Other Interest Revenues10,21516,49022,68828,5760000
Interest Expenses322,345292,632240,050197,881193,500188,458172,69896,097
Income Before Income Taxes-525,881-359,933-1,117,983-388,931-174,535-309,166431,4331,828,545
Provision For Income Taxes1,3581,3881,26521,69900024,091
Income After Income Taxes-527,239-361,321-1,119,248-410,630-174,535-309,166431,4331,804,454
Net Income-527,239-361,321-1,119,248-410,630-174,535-309,166431,4331,804,454

Cash flow statement

Per year

Label20252024202320222021202020192018
Income Before Taxes-525,881-359,933-1,117,983-388,931-174,535-309,166431,4331,828,545
Operating Cash Flow904,457386,028136,161411,725-65,382-352,192-669,462486,476
Interest Paid-55,03900-1,69300-183,707-2,913
Taxes Paid-1,380-1,329-22,527-33400-23,976-115
Net Operating Cash Flow848,038384,699113,634409,698-65,382-352,192-877,145483,448
Stocks Acquisition00-1,092,20600-419,6500-6,946,111
Fixed/intang. Assets Acquisition-4,976,369-1,201,935-2,214,246-1,016,281-25,412-3,127-38,588-94,272
Fixed/intang. Assets Sale Proceeds04,2861,11600000
Interest Received10,21516,49022,68838,9420000
Dividends Received000114,730114,7300761,456208,600
Net Investing Cash Flow-4,759,882-974,886-3,076,377-656,33789,318-422,777722,868-6,831,783
Loans Received00000500,000670,0005,280,000
Loan Repayments Made000000-152,742150,000
Net Financing Cash Flow4,058,083673,2443,107,75700500,000517,2586,452,800
Net Increase146,23983,057145,0147,35323,936-274,969362,981104,465
At Beginning of Year451,837368,780223,766216,413192,477467,446104,4650
At End of Year598,076451,837368,780223,766216,413192,477467,446104,465