Elfving Silver AB

ABActive

Org 5593622607Jakobshöjdsvägen 12, 412 70 GöteborgManufacture of jewellery and related articles· NACE 3212Est. 2022 · 4 years old0 employees

Overview

Elfving Silver AB is a Swedish AB based in Göteborg, operating in the Manufacture of jewellery and related articles sector. Incorporated in 2022, the company has 0 employees and reported revenue of SEK 214.2k in its latest annual filing.

Revenue 2025

214.2K SEK

−8% vs 2024

EBITDA margin

−7.4 %

−121% vs 2024

Net profit 2025

-3.2K SEK

-110% vs 2024

Key ratios

See full ratios →

25.4 %

Weak

Among the 30% lowest rated companies in the industry

20222025

1.2×

Very weak

Among the 20% lowest rated companies in the industry

20222025

-0.9 %

Weak

Among the 30% lowest rated companies in the industry

20222025

EBITDA — year on year

SEK thousands

Key figures

Annual report 2025

Revenue	214.2K SEK	-8%
EBITDA	-15.8K SEK	-121%
Net profit	-3.2K SEK	-110%
Total assets	349.3K SEK	+1%
Equity	88.6K SEK	-3%
Employees	0	—

Contact

Address

Jakobshöjdsvägen 12, 412 70 Göteborg

pelle@heymanlaw.se

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Financial development

In its most recent annual report (2025), Elfving Silver AB reported revenue of SEK 214.2k, a decrease of 8% on the year before. The figures on this page draw on 4 annual filings covering 2022 to 2025. The bottom line showed a net loss of SEK 3.2k, and the EBITDA margin stood at -7.4%.

At the end of 2025, equity financed 25.4% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

SEK thousands

EBITDA

SEK thousands

Income statement

SEK thousands

Item	2025	2024	2023	2022
Revenue	214	233	90	60
Staff expenses	-0	-0	—	—
EBITDA	-16	76	53	12
Depreciation & amort.	-0	-19	-12	-0
EBIT	-16	57	41	12
Net financials	-0	0	—	—
Profit before tax	-3	42	30	11
Tax	-0	-9	-6	-2
Net profit	-3	33	24	9

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Balance sheet

SEK thousands

Item	2025	2024	2023	2022
Total assets	349	347	224	96
Equity	89	92	58	34
Long-term debt	0	0	0	0
Short-term debt	249	231	155	62
Total debt	249	231	155	62

Financial ratios

5-year trend

EBITDA margin

-7.4 %

20222025

Equity ratio

25.4 %

Weak

Among the 30% lowest rated companies in the industry

20222025

Return on equity

-3.6 %

Weak

Among the 30% lowest rated companies in the industry

20222025

Net profit margin

-1.5 %

Weak

Among the 30% lowest rated companies in the industry

20222025

Asset turnover

0.61×

Weak

Among the 40% lowest rated companies in the industry

20222025

Debt / equity

2.94×

Weak

Among the 30% lowest rated companies in the industry

20222025

Sector performance

28 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginVery weak

Among the 10% lowest rated companies in the industry

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginVery weak

Among the 20% lowest rated companies in the industry

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginWeak

Among the 30% lowest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Weak

Among the 30% lowest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Weak

Among the 30% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Weak

Among the 30% lowest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Weak

Among the 30% lowest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery weak

Among the 10% lowest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioVery weak

Among the 20% lowest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioVery weak

Among the 20% lowest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioAverage

Around the average of companies in the same industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery weak

Among the 20% lowest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalAverage

Around the average of companies in the same industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioVery strong

Among the 10% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 30% lowest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioWeak

Among the 30% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 30% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityWeak

Among the 30% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtWeak

Among the 30% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtWeak

Among the 30% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 10% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtStrong

Among the 30% highest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginWeak

Among the 30% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Asset turnoverWeak

Among the 40% lowest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverVery strong

Among the 10% highest rated companies in the industry

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Equity to contributed capitalWeak

Among the 40% lowest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Annual reports & filings

Annual report 2025
Filed via Bolagsverket / SCB · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

Name	Role	Member since
Current (3)
SJ Sara Johanna Elfving Frisack Board of Directors	Board of Directors	2022
PG Pelle Gustav Frisack Chairman	Chairman	2022
TA Tomas Aksoy Deputy Board Member	Deputy Board Member	2022

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Elfving Silver AB also hold positions in 56 other companies.

Person	Role here	Other companies
Tomas Aksoy	Deputy Board Member	27 companiesMany roles
Pelle Gustav Frisack	Chairman	26 companiesMany roles
Sara Johanna Elfving Frisack	Board of Directors	3 companies

Frequently asked questions

What is the Org number of Elfving Silver AB?

Elfving Silver AB is registered with Bolagsverket / SCB under Org 5593622607.

What is the revenue of Elfving Silver AB?

Elfving Silver AB reported revenue of SEK 214.2k in 2025.

Who is the chairman of Elfving Silver AB?

Pelle Gustav Frisack chairs the board of Elfving Silver AB.

Where is Elfving Silver AB headquartered?

Elfving Silver AB's registered address is Jakobshöjdsvägen 12.