SIA "ELSE Logistics"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 174 337 € (95% 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 statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 7192 | 19 188 | 18 560 | 113 594 | 210 502 | 287 055 | 469 004 | 108 305 | 415 781 | 1 258 966 | 1 871 211 | 2 371 909 |
| Total non-current assets | 279 | 13 383 | 34 985 | 21 037 | 34 640 | 43 876 | 75 158 | 193 776 | 338 163 | 571 382 | 1 189 340 | 1 199 742 |
| Total assets | 7471 | 32 571 | 53 545 | 134 631 | 245 142 | 330 931 | 544 162 | 302 081 | 753 944 | 1 830 348 | 3 060 551 | 3 571 651 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 2111 | 7655 | 25 560 | 94 103 | 161 786 | 258 025 | 417 512 | 79 304 | 245 972 | 956 581 | 2 048 881 | 2 725 891 |
| Non-current liabilities | 0 | 3568 | 22 535 | 14 661 | 17 189 | 25 181 | 46 811 | 130 698 | 248 369 | 380 416 | 828 317 | 543 413 |
| Total liabilities | 2111 | 11 223 | 48 095 | 108 764 | 178 975 | 283 206 | 464 323 | 210 002 | 494 341 | 1 336 997 | 2 877 198 | 3 269 304 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -3656 | 15 988 | -15 898 | 20 417 | 57 151 | 12 218 | 68 114 | 55 516 | 250 587 | 539 758 | 87 492 | 293 331 |
| Total equity | 5360 | 21 348 | 5450 | 25 867 | 66 167 | 47 725 | 79 839 | 92 079 | 259 603 | 493 351 | 183 353 | 302 347 |
| Income statement | ||||||||||||
| Sales revenue | 10 735 | 134 739 | 82 916 | 349 497 | 848 711 | 964 209 | 1 312 984 | 1 966 056 | 3 367 897 | 5 042 426 | 7 621 219 | 10 912 661 |
| Operating profit | -3387 | 18 415 | -14 914 | 23 281 | 61 075 | 31 155 | 81 969 | 69 582 | 365 270 | 637 391 | 241 248 | 645 966 |
| Profit before income tax | -3656 | 18 388 | -15 898 | 21 872 | 58 657 | 19 991 | 77 114 | 64 516 | 354 013 | 606 677 | 189 597 | 592 338 |
| Profit for the reporting year | -3656 | 15 988 | -15 898 | 20 417 | 57 151 | 12 218 | 68 114 | 55 516 | 250 587 | 539 758 | 87 492 | 293 331 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 5 | 9 | 6 | 6 | 6 | 10 | 10 | 15 | 18 | 11 | 15 | 27 |
| Calculated dividend | — | 0 | 0 | 0 | 16 851 | 30 660 | 36 000 | 43 276 | 83 063 | 0 | 397 490 | 174 337 |
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 "ELSE Logistics"
Overview
SIA "ELSE Logistics" (reg. no. 41203050147) is a limited liability company. The company was registered in 2013 and has been in the register for 12 years. Registered address: Ventspils, Tārgales iela 72 - 55.
Financial results
Revenue in 2025 was 10 912 661 €, up 43,2% on the previous year (7 621 219 €). From 2014 to 2025, revenue grew by an average of 87,7% per year. This is the company's highest revenue among the published years (2014–2025). Net profit for 2025 was 293 331 € (2,7% of revenue). The company was profitable in 10 of the 12 published years. In 2025 the company had 27 employees (15 a year earlier). Revenue per employee was 404 173 €. At the end of 2025, total assets were 3 571 651 € and equity 302 347 € (8,5% of assets).
Management and owners
The board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual.
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.