SIA LV ElementsActive
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 | 436 946 | 446 671 | 743 734 | 978 650 | 1 605 608 | 1 351 305 | 1 611 660 | 1 950 688 | 2 293 411 |
| Total non-current assets | 229 431 | 238 872 | 301 280 | 314 735 | 367 620 | 628 356 | 627 695 | 602 401 | 531 810 |
| Total assets | 666 377 | 685 543 | 1 045 014 | 1 293 385 | 1 973 228 | 1 979 661 | 2 239 355 | 2 553 089 | 2 825 221 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 257 912 | 75 007 | 281 395 | 398 828 | 660 477 | 490 687 | 686 758 | 1 390 963 | 1 363 370 |
| Non-current liabilities | 606 566 | 890 000 | 1 020 000 | 1 070 000 | 1 343 520 | 1 343 520 | 1 343 520 | 800 000 | 800 000 |
| Total liabilities | 864 478 | 965 007 | 1 301 395 | 1 468 828 | 2 003 997 | 1 834 207 | 2 030 278 | 2 190 963 | 2 163 370 |
| Share capital | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — |
| Profit for the year | -200 901 | -81 363 | 23 083 | 80 938 | 144 674 | 176 224 | 63 623 | 153 049 | 299 725 |
| Total equity | -198 101 | -279 464 | -256 381 | -175 443 | -30 769 | 145 454 | 209 077 | 362 126 | 661 851 |
| Income statement | |||||||||
| Sales revenue | 55 475 | 1 886 186 | 1 615 787 | 2 721 737 | 4 175 861 | 4 183 042 | 3 378 338 | 5 162 070 | 6 942 930 |
| Operating profit | -194 335 | -39 315 | 65 133 | 133 196 | 181 334 | 209 890 | 160 594 | 245 495 | 378 284 |
| Profit before income tax | -200 901 | -72 955 | 31 493 | 91 390 | 144 674 | 176 224 | 75 647 | 157 702 | 299 725 |
| Profit for the reporting year | -200 901 | -81 363 | 23 083 | 80 938 | 144 674 | 176 224 | 63 623 | 153 049 | 299 725 |
| Labour costs | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||
| Employees | 10 | 24 | 21 | 30 | 44 | 43 | 33 | 51 | 64 |
| 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 LV Elements
Overview
SIA LV Elements (reg. no. 40203078114) is a limited liability company. The company was registered in 2017 and has been in the register for 9 years. Registered address: Jelgava, Rūpniecības iela 39.
Financial results
Revenue in 2025 was 6 942 930 €, up 34,5% on the previous year (5 162 070 €). From 2017 to 2025, revenue grew by an average of 82,9% per year. This is the company's highest revenue among the published years (2017–2025). Net profit for 2025 was 299 725 € (4,3% of revenue). The company was profitable in 7 of the 9 published years. In 2025 the company had 64 employees (51 a year earlier). Revenue per employee was 108 483 €. At the end of 2025, total assets were 2 825 221 € and equity 661 851 € (23,4% of assets).
Management and owners
The company has one board member. The sole owner of the company is Taasinge Elementer A/S.
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.