SIA "GEM ELEMENTS"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2017–2025
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||
| Total current assets | 377 081 | 176 223 | 139 719 | 64 786 | 70 461 | 118 314 | 152 574 | 101 835 | 103 173 |
| Total non-current assets | 2490 | 8503 | 6438 | 3357 | 2586 | 2310 | 7694 | 13 219 | 11 851 |
| Total assets | 379 571 | 184 726 | 146 157 | 68 143 | 73 047 | 120 624 | 160 268 | 115 054 | 115 024 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 28 392 | 34 691 | 70 401 | 14 592 | 23 843 | 27 283 | 39 686 | 42 036 | 66 530 |
| Non-current liabilities | 397 800 | 256 132 | 256 132 | 248 932 | 216 132 | 193 132 | 168 132 | 158 632 | 152 132 |
| Total liabilities | 426 192 | 290 823 | 326 533 | 263 524 | 239 975 | 220 415 | 207 818 | 200 668 | 218 662 |
| Share capital | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — |
| Profit for the year | -49 421 | -59 476 | -74 279 | -15 005 | 28 453 | 67 137 | 52 241 | -38 064 | -18 024 |
| Total equity | -46 621 | -106 097 | -180 376 | -195 381 | -166 928 | -99 791 | -47 550 | -85 614 | -103 638 |
| Income statement | |||||||||
| Sales revenue | 880 561 | 631 395 | 442 497 | 615 208 | 382 328 | 348 222 | 478 629 | 502 391 | 534 218 |
| Operating profit | -38 598 | -59 476 | -64 853 | -15 005 | 28 453 | 67 137 | 52 241 | -38 064 | -18 024 |
| Profit before income tax | -49 421 | -59 476 | -74 279 | -15 005 | 28 453 | 67 137 | 52 241 | -38 064 | -18 024 |
| Profit for the reporting year | -49 421 | -59 476 | -74 279 | -15 005 | 28 453 | 67 137 | 52 241 | -38 064 | -18 024 |
| Labour costs | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||
| Employees | 4 | 5 | 6 | 6 | 7 | 7 | 7 | 6 | 7 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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: SIA "GEM ELEMENTS"
Overview
SIA "GEM ELEMENTS" (reg. no. 40203044550) is a limited liability company. The company was registered in 2017 and has been in the register for 9 years. Registered address: Rīga, Dzirnavu iela 57A - 4.
Financial results
Revenue in 2025 was 534 218 €, up 6,3% on the previous year (502 391 €). From 2017 to 2025, revenue declined by an average of 6,1% per year. 2025 ended with a loss of 18 024 €. The company was profitable in 3 of the 9 published years. In 2025 the company had 7 employees (6 a year earlier). Revenue per employee was 76 317 €.
Management and owners
The company has one board member. According to the register, the company has 2 owners. The largest stake (87,5%) is held by a private individual.
Points to note
Equity was negative at the end of 2025 (-103 638 €).
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.