Element Solution OÜ
RegisteredKey figures
Ratios
2023Summary: Element Solution OÜ
What kind of company is it?
Element Solution OÜ (registry code 14819896) is a private limited company (OÜ). The company was entered in the Commercial Register in 2019 and has been registered for 7 years. Registered location: Narva linn, Ida-Viru maakond. According to the latest annual report, the main activity is manufacture of concrete products for construction purposes (EMTAK 2361).
How is the company doing financially?
Revenue in financial year 2023 was 62 041 €, down 58,9% on the previous year (150 849 €). From 2019/20 to 2023, revenue grew by an average of 23,0% per year. Financial year 2023 ended with a loss of 55 767 €. The company was profitable in 1 of the 4 published financial years. In financial year 2023 the company had 1 employees (0 a year earlier). Revenue per employee was 62 041 €. Based on labour costs in the report, the estimated average gross salary was about 660 € per month.
What do the latest quarters show?
According to the Tax and Customs Board, the company declared no turnover in Q1 2026.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is a private individual.
What should you look out for?
2 annual reports have not been filed on time, the latest for financial year 2025. Equity was negative at the end of financial year 2023 (−148 326 €). Equity is below half of the share capital (2500 €); in this case the Commercial Code requires measures to restore equity.
Where does the data come from and how fresh is it?
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2023) was filed on 19.06.2024. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q1 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q1 2026 | 0 € | — | 0 € |
| Q4 2025 | 0 € | — | — |
| Q3 2025 | 4508 € | — | 0 € |
| Q2 2025 | 13 443 € | — | 0 € |
| Q1 2025 | 0 € | — | — |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2023
| 2019/20 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Sales revenue | 33 373 | 51 379 | 150 849 | 62 041 |
| Net profit | 12 079 | −3717 | −102 163 | −55 767 |
| Retained earnings | −1097 | 10 821 | 7104 | −95 059 |
| Total assets | 35 394 | 50 659 | 76 250 | 79 058 |
| Total liabilities | 21 912 | 41 055 | 168 809 | 227 384 |
| Total equity | 13 482 | 9604 | −92 559 | −148 326 |
| Employees | 0 | 0 | 0 | 1 |
| Average gross salary (monthly) | — | — | — | 661 |
| Calculated dividend | — | 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.
Risks and obligations2 issues1 note4 clear
- Removal from the VAT register · 23.09.2026
- Order to submit a tax return · 12.08.2026
- Order to submit a tax return · 22.07.2026
Data from public registers, not a credit rating.
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State aid and grants
1 recordState aid and de minimis aid in total 4530 € (2023). Largest grantors: Eesti Töötukassa (4530 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 4530 € | 19.07.2023 |
Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.