In 2013, Velve expanded its capacity in the new building sector. These are major projects, in which Velve manages the entire construction process.

In 2005 Velve enters the civil engineering segment, strengthening the company position as a construction and restoration provider. Industrial and civil engineering projects are implemented across Latvia.

In 2003 utilities engineering company Moduls Engineering becomes the majority shareholder of Velve. This greatly increases the competitiveness of the company, facilitating the development of new construction services and the successful use of Moduls Engineering experience and specialisation in the design and construction of complex objects and the assembly of technical engineering systems.

In 1992 Velve is registered in the Register of Enterprises. Andris Kreislers becomes the head of the company. The company retains its specialisation in restoration and becomes known for complex and large projects such as the restoration of the office and guest room of the Prime Minister of Latvia, reconstruction of Jēkaba Kazarmas, renovation, restoration, and construction of the new building of Riga Graduate School of Law.

In 1989 a restoration society is established by the Latvian Culture Fund and the Latvian Chamber of Crafts.