Sabiedrība ar ierobežotu atbildību "ELSET"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 620 000 € (32% of equity at the end of the previous year).
Low confidence: the company does not file a cash flow statement, so the amount is an estimate from changes in equity — it may also include other reductions of equity (e.g. a share capital reduction).
Summary of financial statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 6783 | 180 741 | 206 578 | 392 910 | 659 373 | 645 921 | 631 137 | 764 980 | 1 795 885 | 2 202 091 | 1 756 354 | 1 551 861 | 2 192 030 | 2 517 891 | 2 435 836 | 2 671 292 |
| Total non-current assets | 2083 | 2732 | 28 538 | 37 405 | 40 498 | 103 664 | 78 533 | 68 819 | 131 815 | 257 547 | 167 177 | 218 062 | 194 600 | 371 211 | 382 780 | 279 211 |
| Total assets | 8866 | 183 473 | 235 116 | 430 315 | 699 871 | 749 585 | 709 670 | 833 799 | 1 927 700 | 2 459 638 | 1 923 531 | 1 769 923 | 2 386 630 | 2 889 102 | 2 818 616 | 2 950 503 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 6511 | 136 508 | 102 768 | 209 046 | 202 179 | 217 359 | 243 963 | 275 285 | 276 693 | 529 426 | 968 346 | 549 929 | 866 677 | 1 069 124 | 753 773 | 1 198 614 |
| Non-current liabilities | 0 | 0 | 5929 | 1288 | 1224 | 3530 | 0 | 0 | 51 771 | 50 397 | 23 919 | 0 | 0 | 101 479 | 153 439 | 85 283 |
| Total liabilities | 6511 | 136 508 | 108 697 | 210 334 | 203 403 | 220 889 | 243 963 | 275 285 | 328 464 | 579 823 | 992 265 | 549 929 | 866 677 | 1 170 603 | 907 212 | 1 283 897 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 345 | 44 610 | 101 454 | 165 717 | 429 771 | 201 169 | 145 688 | 342 808 | 1 440 723 | 616 232 | 551 452 | 835 684 | 646 410 | 958 546 | 757 905 | 375 202 |
| Total equity | 2355 | 46 965 | 126 419 | 213 954 | 488 425 | 516 489 | 465 707 | 558 514 | 1 599 236 | 1 879 815 | 931 266 | 1 219 994 | 1 519 953 | 1 718 499 | 1 911 404 | 1 666 606 |
| Income statement | ||||||||||||||||
| Sales revenue | 19 283 | 299 315 | 666 081 | 1 038 944 | 1 556 412 | 1 576 597 | 1 542 766 | 1 999 957 | 4 367 975 | 3 237 585 | 4 243 830 | 3 712 772 | 5 408 137 | 6 643 838 | 7 778 038 | 6 999 161 |
| Operating profit | 345 | 52 448 | 116 603 | 197 647 | 509 998 | 232 747 | 167 572 | 398 336 | 1 441 286 | 662 629 | 927 827 | 972 922 | 732 922 | 1 102 686 | 867 511 | 496 969 |
| Profit before income tax | 345 | 52 448 | 118 304 | 197 407 | 509 863 | 232 803 | 167 357 | 398 274 | 1 440 723 | 661 253 | 926 452 | 972 473 | 733 029 | 1 106 476 | 868 705 | 494 122 |
| Profit for the reporting year | 345 | 44 610 | 101 454 | 165 717 | 429 771 | 201 169 | 145 688 | 342 808 | 1 440 723 | 616 232 | 551 452 | 835 684 | 646 410 | 958 546 | 757 905 | 375 202 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 1 | 3 | 11 | 25 | 43 | 46 | 39 | 42 | 42 | 37 | 44 | 45 | 47 | 57 | 70 | 78 |
| Calculated dividend | — | 0 | 22 000 | 80 000 | 203 775 | 215 105 | 196 470 | 250 001 | 400 001 | 335 653 | 1 500 001 | 546 956 | 346 451 | 760 000 | 565 000 | 620 000 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Summary: Sabiedrība ar ierobežotu atbildību "ELSET"
Overview
Sabiedrība ar ierobežotu atbildību "ELSET" (reg. no. 40103276725) is a limited liability company. The company was registered in 2010 and has been in the register for 16 years. Registered address: Rīga, Bukaišu iela 3.
Financial results
Revenue in 2025 was 6 999 161 €, down 10,0% on the previous year (7 778 038 €). From 2010 to 2025, revenue grew by an average of 48,1% per year. Net profit for 2025 was 375 202 € (5,4% of revenue). The company was profitable in all 16 published years. In 2025 the company had 78 employees (70 a year earlier). Revenue per employee was 89 733 €. At the end of 2025, total assets were 2 950 503 € and equity 1 666 606 € (56,5% of assets).
Management and owners
The board has 4 members. According to the register, the company has 4 owners. The largest stake (35%) is held by a private individual. The company holds a stake in one other active Latvian company.
Data sources and freshness
Register data (name, address, legal form, board and owners) and annual report figures come from the open data of the Register of Enterprises of the Republic of Latvia (CC0); entity.lv updates them daily. Data as of 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.