Baltex Group

What Baltex Group does

Baltex Group (SIA "BALTEX GROUP") is a privately held Latvian architecture and construction design firm founded around 2011 and headquartered at Leņģa iela 9, Rīga. The firm is solely owned by Mārtiņš Ratnieks and led operationally by Executive Director Mārtiņš Melderis, with an in-house multi-disciplinary team of approximately 10 specialists spanning architecture, structural design, HVAC engineering, procurement, and project management. Over 13+ years it has completed 336+ projects covering more than 562,000 m² and accumulated 12 industry awards.

Its core offering is full-cycle construction design and project management services delivered primarily to Latvian municipalities, state-owned enterprises, and central-government institutions. Service lines include Construction Project Development (architectural and engineering design), Building & Project Expertise (technical assessments and inspections), Technical Supervision, BIM Project Development and Coordination, Engineering Research (geotechnical, topographic, environmental), Engineering Networks Design (electrical, water, sewage, HVAC, telecom), and integrated Design & Build delivery. The firm's methodology is BIM-enabled, with projects designed in a coordinated digital environment and validated through public-procurement-grade documentation.

The business model is professional services revenue earned on a project basis. Work is acquired through direct engagement with public clients and through competitive public procurement tenders — a channel that favors demonstrated track record and prior award-winning delivery, both of which the firm possesses. Pricing is scope-driven and not publicly disclosed. In 2024 the firm extended its scope into applied R&D via a partnership with SIA ETKC and Rīgas Tehniskā universitāte on a Latvia Recovery and Resilience Mechanism–funded project developing modular smart electricity storage systems for industrial solar parks, marking a directional move into energy systems engineering alongside its core design practice. The firm remains Latvia-only, privately owned, without external institutional capital, and without disclosed financials.

Name

Baltex Group

Legal name

SIA "BALTEX GROUP"

Website

https://baltexgroup.lv

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Baltex Group is a privately held Latvian architecture and construction design firm founded in 2011 that provides BIM-enabled building design, technical supervision, expertise, and project management to Latvian municipalities, state-owned enterprises, and public institutions.

Ownership category

akta.pro rank

Product category

Architecture & Construction Design Services

NAICS

Architectural Services (541310), Architectural Services (54131), Architectural, Engineering, and Related Services (5413), Engineering Services (541330)

SIC

Services-Engineering Services (8711), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Community Engagement & Participatory Planning (BPAHAKAO)

akta.pro secondary industries

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), Capital Projects, Renovation & Minor Construction (EDALALAF)

Keywords

• Architectural design services
• Construction project management
• BIM project coordination
• Building expertise
• Engineering network design

Headquarters

HQ city

Rīga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Design and Construction Project Services: Professional services revenue from architectural design, construction project management, technical supervision, and expert assessments. Projects range from new construction to renovation of public and private buildings.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Baltex Group is a Latvian architecture and construction design firm that delivers comprehensive building project services from concept through construction supervision. Its core offerings include architectural design and full-cycle BIM-enabled project development and coordination, building and project expertise (inspections and expert assessments), technical supervision, engineering research (geotechnical, topographic, environmental), engineering network design (electrical, water, sewage, heating, ventilation, telecom), and integrated Design & Build projects for new construction, reconstruction, and heritage restoration. The company primarily serves Latvian municipalities, state institutions, and select private clients, with work spanning educational, healthcare, sports, cultural, office, residential, and industrial facilities.

Product overview

Baltex Group is an architecture and construction design company operating primarily in Latvia, offering comprehensive project development and construction management services. The core offering consists of integrated services including Construction Project Development (Būvprojektu izstrāde), Building & Project Expertise (Būvju un projektu ekspertīzes), Technical Supervision (Tehniskā apsekošana), BIM Project Development and Coordination, Engineering Research (Inženierizpētes), Engineering Networks Design (Inženiertīklu projektēšana), and Design & Build projects. Services are organized into project categories: New Construction (Jaunbūve), Reconstruction (Pārbūve), and Expertise (Ekspertīze). The company also conducts research on novel energy storage systems for solar parks as part of Latvia's Recovery and Resilience Mechanism. With 13+ years of experience and 336+ completed projects, the company specializes in public buildings, educational institutions, healthcare facilities, and commercial projects across Latvia.

Differentiator

Problem solved

Functional benefit

Products and services

• Būvprojektu izstrāde (Construction Project Development) Comprehensive construction project development services covering architectural design, structural engineering, and project documentation for residential, commercial, and public buildings in Latvia.
• Būvju & projektu ekspertīzes (Building & Project Expertise)

Named customers12 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• SIA ETKC (Enerģētikas un transporta kompetences centrs)coreStrategic or Co-development PartnerPartnership with ETKC for research project on new type energy storage systems integration in industrial solar parks. Project funded by Latvia's Recovery and Resilience Facility, involving development of modular smart electricity storage solutions.
• Rīgas Tehniskā universitāte (RTU)coreStrategic or Co-development PartnerCollaboration with RTU for research project activities including mathematical model development in MatLab Simulink environment, prototyping, testing, and scientific publications.
• VAS Latvijas autoceļu uzturētājsminorImplementation/ SI/ Consulting PartnerCollaboration as construction contractors for Latvia-Russia and Latvia-Belarus border infrastructure projects.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Arhis: Latvian architecture and urban planning firm with a multi-decade presence. Comparable in offering architectural and planning services to public-sector clients across Latvia and competing in similar procurement processes.
• Bindere-Melberga-Miglane (BMA / BM3): Established Latvian architecture studio with a strong public-sector and cultural building portfolio. Comparable to Baltex in targeting government commissions, award-winning design output, and operating scale within Latvia.
• OUTOFBOX architecture: Latvian architecture and design practice active in public, commercial and residential projects. Comparable as a similarly-sized Latvian design firm competing for the same municipal and private clients.
• MARK arhitekti: Latvian architecture practice operating in Riga with comparable portfolio of public and commercial building design, including education, sports and cultural facilities. Most direct head-to-head peer for Baltex in the Latvian architectural design market.

Broad incumbents

• AFRY: Sweden-based engineering and design consultancy with operations in the Baltic region. Competes for public and industrial building design, energy and infrastructure projects in the same geographies as Baltex.
• COWI: International engineering consultancy active in the Baltics with capabilities spanning architecture, engineering and project management. Competes for large-scale public building and infrastructure commissions across the region.
• Arup: Global engineering and design consultancy with award-recognized building and infrastructure work. Represents the upper-bound incumbent that competes for prestige public projects across Europe, including Baltic markets where Baltex operates.
• Ramboll: Global engineering, architecture and consulting firm with a strong Baltic presence. Competes for the same Latvian public infrastructure, building and energy projects as Baltex but with significantly larger bench and integrated services.
• Sweco: Nordic-headquartered engineering, design and consulting firm with established operations across the Baltics, including Latvia. Competes for large public-sector design and engineering contracts that Baltex also targets, but with vastly broader multi-disciplinary capabilities.
• WSP: Global professional services firm with Baltic-region engineering and design capabilities. Competes for large public-sector and infrastructure commissions and represents the type of multinational incumbent Baltex must differentiate against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BaltexGroupLV
• LinkedInlinkedin.com/company/baltex-group-architecture

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Baltex Group