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Modes Formula SIA (Latvia)

Main Activities: Fiber, Yarn, and Thread Mills | Fabric Mills
Secondary Activities: Women’s, Girls’, and Infants’ Cut and Sew Apparel Manufacturing
Full name: Modes Formula SIA Profile Updated: December 24, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English & Russian Download a sample report

Modes Formula SIA is an enterprise located in Latvia, with the main office in Daugavpils. The enterprise currently operates in the Fiber, Yarn, and Thread Mills sector. The enterprise was incorporated on June 27, 2001. It currently has a total number of 37 (2023) employees. The company’s latest financial report indicates a net sales revenue drop of 7.54% in 2024. A negative growth of 0.04% was recorded in its total assets. Modes Formula SIA’s net profit margin decreased by 2.52% in 2024.

Headquarters
Nometnu iela 4
Daugavpils; Daugavpils municipality; Postal Code: 5401

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Basic Information
Total Employees:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
June 27, 2001
Key Executives
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Chairman of the Supervisory Board
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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
-7.54%
Total operating revenue
-7.54%
Operating profit (EBIT)
-12.07%
EBITDA
-12.07%
Net Profit (Loss) for the Period
-12.07%
Total assets
-0.04%
Total equity
-10.46%
Operating Profit Margin (ROS)
-2.52%
Net Profit Margin
-2.52%
Return on Equity (ROE)
-2.35%
Quick Ratio
0%

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