SIA The Latvian ElementActive
Key figures
Ratios
2024Balance sheet structure
Summary of financial statements2018–2024
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 7702 | 260 | 583 | 1408 | 2280 | 2715 | 1087 |
| Total non-current assets | 100 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total assets | 7802 | 260 | 583 | 1408 | 2280 | 2715 | 1087 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 0 | 129 | 566 | 594 | 2205 | 2246 | 774 |
| Non-current liabilities | 7702 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 7702 | 129 | 566 | 594 | 2205 | 2246 | 774 |
| Share capital | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — |
| Profit for the year | 0 | 31 | -114 | 797 | -739 | 394 | -156 |
| Total equity | 100 | 131 | 17 | 814 | 75 | 469 | 313 |
| Income statement | |||||||
| Sales revenue | 7702 | 14 816 | 56 | 10 651 | 8432 | 4346 | 4881 |
| Operating profit | 0 | 31 | -64 | 797 | -689 | 394 | -156 |
| EBITDA | 0 | 31 | -64 | 797 | -689 | 394 | -156 |
| Profit before income tax | 0 | 31 | -64 | 797 | -689 | 394 | -156 |
| Profit for the reporting year | 0 | 31 | -114 | 797 | -739 | 394 | -156 |
| Labour costs | 2914 | 1117 | 0 | 0 | 0 | 1714 | 724 |
| Depreciation of non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other indicators | |||||||
| Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 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 The Latvian Element
Overview
SIA The Latvian Element (reg. no. 50203129041) is a limited liability company. The company was registered in 2018 and has been in the register for 8 years. Registered address: Valmieras nov., Kocēnu pag., "Nauči".
Financial results
Revenue in 2024 was 4881 €, up 12,3% on the previous year (4346 €). From 2018 to 2024, revenue declined by an average of 7,3% per year. 2024 ended with a loss of 156 €. The company was profitable in 3 of the 7 published years. In 2024 the company had 1 employees. Revenue per employee was 4881 €. At the end of 2024, total assets were 1087 € and equity 313 € (28,8% of assets).
Management and owners
The board has 4 members. According to the register, the company has 4 owners. The largest stake (25%) 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.