SIA "ELEMENT LAB"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 52 800 € (10% 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 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 50 | 20 | 30 | 30 | 30 | 30 | 30 | 30 | 118 458 | 405 894 | 528 930 | 560 677 | 528 363 | 570 990 |
| Total non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1508 | 10 018 | 18 895 | 52 113 | 55 933 | 76 507 |
| Total assets | 50 | 20 | 30 | 30 | 30 | 30 | 30 | 30 | 119 966 | 415 912 | 547 825 | 612 790 | 584 296 | 647 497 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 770 | 770 | 1147 | 1147 | 1147 | 1147 | 1147 | 1092 | 5448 | 28 181 | 62 673 | 89 045 | 60 764 | 108 740 |
| Non-current liabilities | 10 162 | 10 162 | 14 459 | 14 509 | 14 564 | 14 616 | 14 666 | 14 716 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 10 932 | 10 932 | 15 606 | 15 656 | 15 711 | 15 763 | 15 813 | 15 808 | 5448 | 28 181 | 62 673 | 89 045 | 60 764 | 108 740 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -2500 | -30 | -50 | -50 | -55 | -52 | -50 | 5 | 130 296 | 335 213 | 106 421 | 63 093 | 39 787 | 68 025 |
| Total equity | -10 882 | -10 912 | -15 576 | -15 626 | -15 681 | -15 733 | -15 783 | -15 778 | 114 518 | 387 731 | 485 152 | 523 745 | 523 532 | 538 757 |
| Income statement | ||||||||||||||
| Sales revenue | 12 985 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 339 219 | 1 216 368 | 996 853 | 992 573 | 1 094 161 | 1 323 803 |
| Operating profit | -2515 | -30 | 0 | 0 | -5 | -2 | 0 | 55 | 130 296 | 350 835 | 108 975 | 69 218 | 47 375 | 77 566 |
| EBITDA | -2274 | -30 | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit before income tax | -2500 | -30 | 0 | 0 | -5 | -2 | 0 | 55 | 130 296 | 350 835 | 108 975 | 69 218 | 49 787 | 81 225 |
| Profit for the reporting year | -2500 | -30 | -50 | -50 | -55 | -52 | -50 | 5 | 130 296 | 335 213 | 106 421 | 63 093 | 39 787 | 68 025 |
| Labour costs | 1885 | 0 | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 241 | 0 | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||
| Employees | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 11 | 12 | 12 | 11 | 11 |
| Calculated dividend | — | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 62 000 | 9000 | 24 500 | 40 000 | 52 800 |
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 "ELEMENT LAB"
Overview
SIA "ELEMENT LAB" (reg. no. 41503044169) is a limited liability company. The company was registered in 2007 and has been in the register for 18 years. Registered address: Daugavpils, Stiklu iela 7B.
Financial results
Revenue in 2025 was 1 323 803 €, up 21,0% on the previous year (1 094 161 €). From 2010 to 2025, revenue grew by an average of 42,7% per year. This is the company's highest revenue among the published years (2010–2025). Net profit for 2025 was 68 025 € (5,1% of revenue). The company was profitable in 7 of the 14 published years. In 2025 the company had 11 employees. Revenue per employee was 120 346 €. At the end of 2025, total assets were 647 497 € and equity 538 757 € (83,2% of assets).
Management and owners
The board has 2 members. According to the register, the company has 3 owners. The largest stake (62%) 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.