Velve SIA is based in Latvia, with the head office in Riga. The enterprise operates in the New Housing For-Sale Builders industry. The company was established on March 11, 1992. There are currently 101 - 500 (2025) people employed by Velve SIA. The company’s latest financial report indicates a net sales revenue drop of 76.19% in 2024. Its total assets decreased by 28.45% over the same period. The enterprise’s net profit margin decreased by 16.3% in 2024.

Headquarters
Kuldigas iela 51
Riga; Riga; Postal Code: 1046

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Website: http://velve.lv

Basic Information

Total Employees:

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Registered Capital:

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Financial Auditors:

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Incorporation Date:

March 11, 1992

Key Executives

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Member of Management Board

Ownership Details

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100%

Company Performance

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Key Financial Highlights

Annual growth percentages for latest two years in local currency EUR. Absolute financial data is included in the purchased report.

Net sales revenue

-76.19%▼

Total Operating Revenue

-75.12%▼

Operating Profit

4.12%▲

EBITDA

4.12%▲

Net Profit/Loss for the Period

5.81%▲

Total Assets

-28.45%▼

Total Equity

-564.61%▼

Operating Profit Margin

-16.12%▼

Net Profit Margin

-16.3%▼

Return on Equity (ROE)

-514.51%▼

Quick Ratio

0.02%▲

Cash Ratio

-0.08%▼

Velve SIA (Latvia)

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