Companies with biggest annual turnover
100 companies with the highest annual turnover in 2023, comparing their changes with the last three years.
Statistics include only companies having the taxation period of at least 10 months.
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 before the reform corresponds to the new administrative-territorial division.
n/d - no data
Lursoft statistics from the information available in the Commercial Register for the period between 01.01.2000 and 14.03.2025.
The statistics were updated on 14.03.2025, at 15:17:35
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2022 | Against 2021 | Against 2020 |
|---|---|---|---|---|---|---|---|
| 1 | Balticovo, Akciju sabiedrība | 01.47 | Raising of poultry | 122,985,547.00 | 21% | 97% | 2.26 times |
| 2 | AGROCHEMA LATVIA, Sabiedrība ar ierobežotu atbildību | 46.75 | Wholesale of chemical products | 56,591,664.00 | -48% | 1% | 43% |
| 3 | YM MEDIA EUROPE, Sabiedrība ar ierobežotu atbildību | 73.11 | Advertising agencies | 51,157,803.00 | 0% | 2.85 times | 5.94 times |
| 4 | LRS MŪSA, SIA | 10.91 | Manufacture of prepared feeds for farm animals | 17,909,721.00 | -3% | 36% | 65% |
| 5 | AGARIS LATVIA, AS | 08.92 | Extraction of peat | 14,775,044.00 | -10% | 1% | 15% |
| 6 | KVĒLE, Sabiedrība ar ierobežotu atbildību | 43.21 | Electrical installation | 12,039,654.00 | 68% | 90% | 92% |
| 7 | Baltic Dairy Board, Sabiedrība ar ierobežotu atbildību | 10.51 | Operation of dairies and cheese making | 11,206,300.00 | -27% | 2.40 times | 2.44 times |
| 8 | FLORABALT SIA, Sabiedrība ar ierobežotu atbildību | 08.92 | Extraction of peat | 10,410,691.00 | -16% | 2% | 10% |
| 9 | LV-SBS, Sabiedrība ar ierobežotu atbildību | 46.19 | Agents involved in the sale of a variety of goods | 10,105,008.00 | -20% | 12% | 41% |
| 10 | BAUSKAS ALUS, Sabiedrība ar ierobežotu atbildību | 11.05 | Manufacture of beer | 9,844,736.00 | 35% | 43% | 45% |
| 11 | UZVARA-LAUKS, SIA | 01.11 | Growing of cereals (except rice), leguminous crops and oil seeds | 9,188,007.00 | -18% | 15% | 10% |
| 12 | I.S.D., SIA | 11.01 | Distilling, rectifying and blending of spirits | 8,647,619.00 | 13.57 times | 3.05 times | 65.27 times |
| 13 | SĒJAS, Āra Burkāna zemnieku saimniecība | 01.11 | Growing of cereals (except rice), leguminous crops and oil seeds | 8,408,454.00 | -7% | 7% | 29% |
| 14 | SAIMNIEKS-V, Lauksaimniecības pakalpojumu kooperatīvā sabiedrība | 46.21 | Wholesale of grain, unmanufactured tobacco, seeds and animal feeds | 7,515,992.00 | 16% | 49% | 32% |
| 15 | Marino Solutions, SIA | 46.52 | Wholesale of electronic and telecommunications equipment and parts | 7,120,285.00 | -6% | 43% | 24% |
| 16 | Piebalgas, Sabiedrība ar ierobežotu atbildību | 16.29 | Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials | 6,933,267.00 | -27% | -2% | 10% |
| 17 | Iecavnieks & Co, SIA | 10.41 | Manufacture of oils and fats | 6,358,136.00 | 7% | 8% | 19% |
| 18 | PĪLĀDZIS, Bauskas rajona sabiedrība ar ierobežotu atbildību | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 6,322,313.00 | 17% | 35% | 44% |
| 19 | ZENNUN LV, Sabiedrība ar ierobežotu atbildību | 46.23 | Wholesale of live animals | 6,269,776.00 | 2.76 times | 2.54 times | 18% |
| 20 | IR AUTO, Sabiedrība ar ierobežotu atbildību | 49.41 | Freight transport by road | 5,871,619.00 | -10% | 31% | 44% |
| Number of entries | |||||||
| Total on page | 20 | ||||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2023.
- Against 2022 - Changes in the company’s turnover in 2023 as against the turnover of 2022. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2023 - turnover of 2022) / turnover of 2022) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2023 / turnover of 2022).
- Against 2021 - Changes in the company’s turnover in 2023 as against the turnover of 2021. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2023 - turnover of 2021) / turnover of 2021) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2023 / turnover of 2021).
- Against 2020 - Changes in the company’s turnover in 2023 as against the turnover of 2020. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2023 - turnover of 2020) / turnover of 2020) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2023 / turnover of 2020).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.