Company · 10.20 · Manufacture of food products

SIA ELANDERS

Address confidence: Confirmed

Show on the map Company website Sector: Manufacturing

Turnover · 2025

2.3 M €

-10% vs previous year

Employees

Turnover per employee: 48 k €

Taxes paid · 2024

310 k €

Payroll fund / employees: 12 k €

Payroll fund · 2024 estimate

557 k €

Wage estimate, gross: 947 €

Tax breakdown · 2026 Q3

Total paid to VID 56 k €

Personal income tax 16 k €

Social contributions 51 k €

VAT paid · after deductions 3 k €

VAT refunded by the state 17 k €

Money paid to and returned by the tax office during the quarter, not tax charged. VAT on purchases is already deducted inside the payment — it does not appear here separately. A refund arises only when deductions exceed the VAT charged on sales: for exporters, intra-EU suppliers, and under the domestic reverse charge (construction, timber, scrap metal), not for every company with large purchases. Compare with the turnover of the same quarter, not of the year.

Quarterly history

Quarter	Total paid to VID	Personal income tax	Social contributions	VAT paid · after deductions	VAT refunded by the state
2026 Q3	56 k €	16 k €	51 k €	3 k €	17 k €
2026 Q2	65 k €	15 k €	49 k €	3 k €	4 k €
2026 Q1	69 k €	14 k €	46 k €	4 k €	410 €
2025 Q4	65 k €	14 k €	47 k €	8 k €	8 k €
2024	310 k €	79 k €	190 k €	—	—
2023	257 k €	69 k €	172 k €	—	—
2022	246 k €	63 k €	167 k €	—	—

Financial health · From the 2025 balance sheet

Net profit131 k €

Total assets739 k €

Equity470 k €

Current ratio2.6

Quick ratio1.9

Debt to equity0.6

Equity ratio63.6%

Return on assets17.8%

Return on equity27.9%

Cross-section against the peer median

Compared with companies under NACE code 10.20 — 24.

Turnover

×1.4

2.3 M € 1.7 M €

Employees

×2.2

48 22

Taxes paid

×1.5

56 k € 36 k €

Payroll

×2.6

557 k € 215 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 71% of peers

Employees

above 88% of peers

This company Peer median · 24

Indicators

Turnover per employee 48 k € ×0.6 of the median

Margin 5.7%

Year on year -10%

Payroll fund estimate 557 k €

Registration number 40003279867

Registered address Rīga, Jaunciema gatve 320F

panel.caveats

Building coordinate from the State Address Register. Figures come from public registers. Wage, export share and address confidence are estimates and are always labelled as such.

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Filed annual reports

Figures the company filed itself. Bar length shows size within the column; the longest is its best year. An empty cell means no report for that year — not a zero.

Year	Turnover	Net profit	Assets	Employees
2025	2.3 M €	131 k €	739 k €	48
2024	2.6 M €	161 k €	684 k €	50
2023	2.5 M €	125 k €	629 k €	50
2022	2.3 M €	2 k €	548 k €	50
2021	2.3 M €	143 €	631 k €	55
2020	2.1 M €	52 k €	605 k €	50

Source: annual reports from the Register of Enterprises, as filed. A missing year is a missing report, not a loss.

Foreign trade of the industry · 2025

All companies in division 10 — Manufacture of food products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

1.2 bn €

Industry goods imports

832.4 M €

Goods exports to turnover estimate

44%

Industry goods exports against the turnover of its companies on this site: two sources, so only the order of magnitude holds. A share this high is why companies in the industry pay little net VAT: exported goods carry no VAT.

Exported most: Prepared foodstuffs, beverages, tobacco — 561.4 M €, Live animals and animal products — 432.6 M €, Vegetable products — 153.3 M €

Source: Official Statistics of Latvia, table ATN011, goods trade by the activity of the trading enterprise. “Not published” means the figure would identify a single firm — it is not a zero.