# Balticovo

> company based in Latvia

**Wikidata**: [Q101110404](https://www.wikidata.org/wiki/Q101110404)  
**Source**: https://4ort.xyz/entity/balticovo

## Summary
Balticovo is a Latvian company established on March 6, 1992, operating primarily in poultry farming, animal feed manufacturing, and food production. Headquartered in Iecava Parish, it employs 317 people (as of 2022) and generates significant revenue in the agricultural and food sectors.  

## Key Facts
- **Founded**: March 6, 1992  
- **Legal Form**: Public limited company (akciju sabiedrība)  
- **Headquarters**: Iecava Parish, Latvia (coordinates: 56.621347° N, 24.232927° E)  
- **Revenue (2022)**: €101,801,437  
- **Net Profit (2022)**: €6,710,737  
- **Employees (2022)**: 317  
- **Industries**: Poultry farming, manufacture of prepared feeds for farm animals, processing/preserving poultry meat, agents for agricultural raw materials, support activities for animal production  
- **Total Assets (2022)**: €91,817,455  
- **Estimated Value (2023)**: €76,200,000  
- **Postal Code**: LV-3913  
- **Latvian Unified Registration Number**: 40003058863  
- **Website**: [https://www.balticovo.lv/](https://www.balticovo.lv/) (Latvian)  
- **VIAF ID**: 305100081  
- **OpenCorporates ID**: lv/40003058863  
- **Google Knowledge Graph ID**: /g/11mvnz9g3n  

## FAQs
**What industries does Balticovo operate in?**  
Balticovo specializes in poultry farming, animal feed production, poultry meat processing, and agricultural trade. It also engages in support activities for animal production and textile raw materials.  

**When was Balticovo founded and where is it based?**  
The company was established on March 6, 1992, with headquarters in Iecava Parish, Latvia, at the address "Administratīvā ēka," LV-3913.  

**What are Balticovo’s key financial metrics?**  
In 2022, Balticovo reported €101.8 million in revenue, €91.8 million in total assets, and €6.71 million in net profit. Its estimated value in 2023 was €76.2 million.  

**How many employees does Balticovo have?**  
As of 2022, the company employed 317 people.  

## Why It Matters  
Balticovo plays a critical role in Latvia’s agricultural and food production sectors, contributing to the national economy through high-revenue activities like poultry farming and feed manufacturing. As a major employer in Iecava Parish, it supports local livelihoods and industrial output. Its integration into EU supply chains (e.g., poultry processing) underscores its relevance to regional food security and trade.  

## Notable For  
- **Economic Impact**: One of Latvia’s largest agricultural enterprises, with €101.8 million in annual revenue (2022).  
- **Diversified Operations**: Combines poultry farming, feed production, and meat processing under one entity.  
- **Longevity**: Operated for over 30 years since its founding in 1992.  
- **Geographic Focus**: Anchored in Iecava Parish, a rural area south of Riga.  
- **Legal Structure**: Registered as a public limited company (akciju sabiedrība) in Latvia.  

## Body  

### History and Legal Structure  
Balticovo was founded on March 6, 1992, as a public limited company (akciju sabiedrība) under Latvian law. Registered with the Latvian Unified Registration Number 40003058863, it operates from Iecava Parish in the Bauska Municipality. The company’s legal and administrative address is "Administratīvā ēka," LV-3913.  

### Operations and Industries  
The company’s primary activities span:  
- **Poultry Farming**: Breeding and raising poultry for meat production.  
- **Feed Manufacturing**: Producing prepared feeds for farm animals.  
- **Meat Processing**: Preserving and packaging poultry meat.  
- **Agricultural Trade**: Acting as an agent for agricultural raw materials and textile semi-finished goods.  
- **Support Services**: Providing services for animal production.  

### Financial Performance  
In 2022, Balticovo reported:  
- **Revenue**: €101,801,437.  
- **Net Profit**: €6,710,737.  
- **Total Assets**: €91,817,455.  
By 2023, the company’s estimated value reached €76,200,000.  

### Geographic and Organizational Context  
Headquartered at coordinates 56.621347° N, 24.232927° E, Balticovo is situated in Latvia’s Iecava Parish, approximately 40 kilometers south of Riga. The company’s operations are deeply integrated into Latvia’s agricultural sector, which accounts for roughly 3.9% of the country’s GDP (2022).  

### Industry and Market Position  
As a poultry and feed producer, Balticovo contributes to Latvia’s livestock farming industry, which includes over 65 million poultry heads nationwide (2021 data). The company’s activities align with Latvia’s agricultural exports, which totaled €1.24 billion in 2022, primarily to EU countries like Lithuania, Estonia, and Germany.  

### Digital and Legal Identifiers  
Balticovo maintains a presence in global business registries, including:  
- **OpenCorporates ID**: lv/40003058863.  
- **VIAF ID**: 305100081.  
- **Google Knowledge Graph ID**: /g/11mvnz9g3n.  
Its official website (https://www.balticovo.lv/) provides Latvian-language details about its operations and products.  

### Labor and Employment  
With 317 employees as of 2022, Balticovo is a significant employer in Latvia’s rural Bauska Municipality. The company’s workforce contributes to Latvia’s agricultural labor sector, which employed approximately 41,500 people in 2022.  

### Related Entities and Context  
- **Latvia**: A parliamentary republic and EU member since 2004, Latvia provides Balticovo with access to the EU single market. The country’s adoption of the euro in 2014 streamlined cross-border trade for companies like Balticovo.  
- **Business Classification**: As a commercial organization, Balticovo aligns with the broader definition of a "business" as an economic entity generating profit through industrial activities.  

### Infrastructure and Logistics  
Balticovo’s operations rely on Latvia’s transportation network, including the A7 highway and Riga International Airport, to distribute products domestically and internationally. The company’s location near the A7 highway facilitates efficient logistics for perishable goods like poultry meat.  

### Challenges and Opportunities  
Like many Latvian agricultural firms, Balticovo faces challenges such as labor shortages in rural areas and fluctuating global commodity prices. However, its focus on poultry—a staple in Latvian cuisine (e.g., dishes like *putra* and *kļava*)—ensures steady domestic demand, while EU membership supports export growth.

## References

1. [Source](https://info.ur.gov.lv/#/legal-entity/40003058863)
2. Register of Enterprises of the Republic of Latvia
3. [Source](https://www.firmas.lv/lv/uznemumi/balticovo/40003058863)