Companies with biggest annual turnover increase
100 companies with the highest turnover increase in 2020 compared to the turnover of 2019.
Statistics include only companies having the taxation period of at least 10 months and the annual turnover of 2019 of more than 140 thousand EUR.
The statistics do not include banks, insurance companies, credit unions and investment management companies, as well as companies that have not yet submitted their annual reports.
Breakdown of the companies included in the statistics by activity types is available in a separate statistical report.
The reporting year is the year, for which the annual reports are submitted.
Administrative and territorial reform was implemented in Latvia on 01.07.2009. Therefore, it is assumed in these statistics that address of the subjects registered after the reform corresponds to the historical administrative-territorial division.
Lursoft statistics from the information available in the Commercial Register for the period between 01.01.1997 and 23.04.2025.
The statistics were updated on 23.04.2025, at 21:44:00
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2019 |
|---|---|---|---|---|---|
| 1 | Waldec Latvia, SIA | 46.14 | Agents involved in the sale of machinery, industrial equipment, ships and aircraft | 1,754,625.00 | 5.67 times |
| 2 | Ars Magna, Sabiedrība ar ierobežotu atbildību | 41.20 | Construction of residential and non-residential buildings | 859,322.00 | 3.66 times |
| 3 | Vestman Forest Fund, SIA | 02.10 | Silviculture and other forestry activities | 1,537,096.00 | 3.57 times |
| 4 | MODECOMO, SIA | 46.69 | Wholesale of other machinery and equipment | 570,874.00 | 3.31 times |
| 5 | AD Truck, SIA | 45.19 | Sale of other motor vehicles | 1,708,652.00 | 2.99 times |
| 6 | Ovi group, SIA | 41.20 | Construction of residential and non-residential buildings | 371,882.00 | 2.62 times |
| 7 | DYNAMEX, SIA | 49.41 | Freight transport by road | 514,782.00 | 2.54 times |
| 8 | Bairo, Sabiedrība ar ierobežotu atbildību | 47.30 | Retail sale of automotive fuel in specialised stores | 3,763,891.00 | 2.46 times |
| 9 | ZEMGALES TEHNOLOĢISKAIS CENTRS, Sabiedrība ar ierobežotu atbildību | 16.23 | Manufacture of other builders' carpentry and joinery | 2,131,585.00 | 2.42 times |
| 10 | SANTAL COMPANY, SIA | 46.73 | Wholesale of wood, construction materials and sanitary equipment | 1,595,824.00 | 2.09 times |
| 11 | EURO STANDARD, Sabiedrība ar ierobežotu atbildību | 78.20 | Temporary employment agency activities | 349,406.00 | 2.09 times |
| 12 | HB, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 434,495.00 | 2.05 times |
| 13 | ARB Construction, Sabiedrība ar ierobežotu atbildību | 41.20 | Construction of residential and non-residential buildings | 451,880.00 | 2.01 times |
| 14 | 3C, Sabiedrība ar ierobežotu atbildību | 71.11 | Architectural activities | 410,867.00 | 99% |
| 15 | Prizma Projekts, SIA | 41.20 | Construction of residential and non-residential buildings | 317,974.00 | 94% |
| 16 | DiLeo, Sabiedrība ar ierobežotu atbildību | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 391,318.00 | 93% |
| 17 | FEONI, SIA | 58.13 | Publishing of newspapers | 278,116.00 | 89% |
| 18 | X-agro, SIA | 01.61 | Support activities for crop production | 428,692.00 | 87% |
| 19 | Aquatica Plumbing Europe LTD, Sabiedrība ar ierobežotu atbildību(Reorganized 13.09.2022) | 28.29 | Manufacture of other general-purpose machinery n.e.c. | 1,161,244.00 | 83% |
| 20 | Blis motors, SIA | 45.20 | Maintenance and repair of motor vehicles | 367,086.00 | 83% |
| Number of entries | |||||
| Total on page | 20 | ||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2020.
- Against 2019 - Changes in the company’s turnover in 2020 as against the turnover of 2019. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2020 - turnover of 2019) / turnover of 2019) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2020 / turnover of 2019).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.