SIA "Elas Baltic"Active
Key figures
Ratios
2026Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 339 457 € (87% 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 statements2015–2026
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 34 240 | 80 362 | 383 258 | 569 425 | 871 721 | 877 943 | 1 135 655 | 605 933 | 934 365 | 1 108 110 | 1 453 800 | 1 763 627 |
| Total non-current assets | 13 242 | 9910 | 15 788 | 9526 | 7849 | 5749 | 3836 | 1105 | 2384 | 23 078 | 18 196 | 13 453 |
| Total assets | 47 482 | 90 272 | 399 046 | 578 951 | 879 570 | 883 692 | 1 139 491 | 607 038 | 936 749 | 1 131 188 | 1 471 996 | 1 777 080 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 47 153 | 41 638 | 85 705 | 73 119 | 53 670 | 72 760 | 845 822 | 302 203 | 561 630 | 881 259 | 1 079 689 | 1 414 393 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 47 153 | 41 638 | 85 705 | 73 119 | 53 670 | 72 760 | 845 822 | 302 203 | 561 630 | 881 259 | 1 079 689 | 1 414 393 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -2521 | 48 305 | 264 706 | 502 492 | 320 068 | 385 521 | 250 819 | 251 985 | 322 269 | 197 079 | 339 457 | 309 837 |
| Total equity | 329 | 48 634 | 313 341 | 505 832 | 825 900 | 810 932 | 293 669 | 304 835 | 375 119 | 249 929 | 392 307 | 362 687 |
| Income statement | ||||||||||||
| Sales revenue | 201 747 | 457 755 | 970 019 | 1 336 485 | 858 626 | 1 458 781 | 1 379 178 | 1 336 730 | 1 599 334 | 1 477 585 | 1 701 195 | 1 721 094 |
| Operating profit | -2521 | 56 059 | 311 534 | 502 492 | 320 068 | 485 521 | 443 630 | 312 950 | 385 295 | 279 814 | 389 959 | 394 579 |
| Profit before income tax | -2521 | 56 059 | 311 534 | 502 492 | 320 068 | 485 521 | 443 630 | 312 950 | 385 295 | 279 814 | 389 987 | 394 724 |
| Profit for the reporting year | -2521 | 48 305 | 264 706 | 502 492 | 320 068 | 385 521 | 250 819 | 251 985 | 322 269 | 197 079 | 339 457 | 309 837 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 29 | 44 | 68 | 83 | 90 | 83 | 77 | 74 | 80 | 78 | 74 | 72 |
| Calculated dividend | — | 0 | 0 | 310 001 | 0 | 400 489 | 768 082 | 240 819 | 251 985 | 322 269 | 197 079 | 339 457 |
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 "Elas Baltic"
Overview
SIA "Elas Baltic" (reg. no. 50103866391) is a limited liability company. The company was registered in 2015 and has been in the register for 11 years. Registered address: Jelgava, Atmodas iela 19.
Financial results
Revenue in 2026 was 1 721 094 €, up 1,2% on the previous year (1 701 195 €). From 2015 to 2026, revenue grew by an average of 21,5% per year. This is the company's highest revenue among the published years (2015–2026). Net profit for 2026 was 309 837 € (18,0% of revenue). The company was profitable in 11 of the 12 published years. In 2026 the company had 72 employees (74 a year earlier). Revenue per employee was 23 904 €. At the end of 2026, total assets were 1 777 080 € and equity 362 687 € (20,4% of assets).
Management and owners
The company has one board member. The sole owner of the company is ELAS 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.