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Private company

Firma Madara 89

Firma Madara 89 is a Latvian agents involved in the sale of food company based in Smiltene.1 It was founded in 1993.1 It employed 1,767 people in 2023.1 Its revenue was €208 million in 2023.1

Last updated Oct 21, 2026.

Overview

Feb 16, 1993Founded1
  • IndustryAgents involved in the sale of food, beverages and tobacco, retail sale in non-specialised stores with food, beverages or tobacco predominating1
  • HeadquartersSmiltene, Latvia1
  • Websitewww.madara89.lv
  • Legal formlimited liability company1

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Corporate structure

Firma Madara 89 sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Firma Madara 89 Smiltene, Latvia
    • Top! Subsidiary · Latvia

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Firma Madara 89 reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

  • Top!

Things Wikidata records the company as owning, with the share when stated.1

Subsidiaries and ownership

Also owns

  • Top!

From Wikidata.1

Employees over time

  • 20231,7671
  • 20221,8621

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Firma Madara 89 revenue by year1207.9M EUR in 2023+10% since 2022
0100.0M EUR200.0M EUR300.0M EUR2022: 188.9M EUR188.9M EUR20222023: 207.9M EUR207.9M EUR2023+10%
  • 2023207.9M EUR1
  • 2022188.9M EUR1

Net income

Firma Madara 89 net income by year115.7M EUR in 2023+27% since 2022
05.0M EUR10.0M EUR15.0M EUR20.0M EUR2022: 12.3M EUR12.3M EUR20222023: 15.7M EUR15.7M EUR2023+27%
  • 202315.7M EUR1
  • 202212.3M EUR1

Timeline

  1. Feb 16, 1993Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1