Elgawa N.V.

What it is

Elgawa N.V. is a technical contractor and distributor of technical products based in Paramaribo, Suriname; founded in 1958, it has grown into the largest technical contractor in the country.

It sells and services generators, solar systems, air conditioners, water heaters, and provides full electrical, plumbing, and gas solutions.

The company is a licensed distributor of global brands including Generac, Trane, Legrand, Fronius, ABB, and Vita. Its quality credentials include ISO 9001:2015 and ISO 45001:2018 certification — the latter covering occupational health and safety, an important mark for a business that works on high-voltage and industrial sites.

Who owns it

Elgawa shares are listed on the Suriname Stock Exchange (SSX), where the stock last traded at SRD 151.50 (= US$ 151.50 at the stated FX rate of 1:1). Trading on the SSX does not happen daily but twice a month, on the first and third Thursday — meaning price discovery is thin and liquidity is limited even by regional small-market standards.

Not published: The controlling shareholder or shareholders, ownership percentages, and the free float are not disclosed in any source examined — including the SSX member listing, the company’s investor-relations pages, or the Suriname central bank and capital-markets regulator websites. The SSX operates under the 2014 Law on Capital Markets (Wet Kapitaalmarkt), which requires listed-company disclosure; however, the SSX’s own digital filings pages render only raw CSS to external browsers and do not surface actual annual reports or shareholder registers for inspection by this reporter.

Until those filings become accessible, beneficial ownership remains opaque.

Who runs it

A Suriname Ministry of Public Works contractors registry dated September 2023 lists Roger M. Hogenboom as a director-level contact for Elgawa N.V.

No further executive names — CFO, board chair, or supervisory board — appear in any primary source found, including the company website, SSX filings, or press coverage. Not published: the full board composition and any CFO or supervisory board chair are not disclosed in available primary sources, despite the Wet Kapitaalmarkt’s disclosure requirements for listed companies.

The money, in plain words

Not published: Revenue, net profit, total assets, return on equity, price-to-earnings ratio, and dividend yield are not published in any source this reporter could access. The SSX annual-reports section (surinamestockexchange.com/index.php/jaarverslagen/) and the company’s own investor-relations pages returned only site infrastructure — no financial documents.

The Suriname central bank’s supervisory framework and the 2014 Wet Kapitaalmarkt require listed companies to publish audited accounts, but Elgawa’s filings do not appear to be available in machine-readable or downloadable form at this time. Investors seeking financial statements should contact the company directly or request filings from the SSX in Paramaribo.

The one market signal available is the share price: ELGAWA traded at SRD 151.50 (= US$ 151.50) as of the SSX’s last published update on 22 June 2026. Without a share count or earnings figure, a price-to-earnings ratio and full market capitalisation cannot be calculated.

What it is doing now

Elgawa is active in renewable energy and energy-efficiency projects, a pivot made urgent by Suriname’s chronic power shortages. The company has been actively promoting solar energy investment in 2024, positioning itself as the expert partner for homes and businesses trying to cut dependence on the troubled national grid.

Elgawa expanded into Guyana in 2017, starting with one engineer and growing to a nine-person team. That foothold matters: Guyana’s oil-driven construction boom is one of the fastest-growing in the Western Hemisphere, and Elgawa is already licensed and operating there.

In 2023, the company also completed a full rebranding on its 65th anniversary, signalling a deliberate shift toward a broader “technical solutions partner” identity rather than simply a contractor.

What to watch

• Guyana construction surge. As offshore oil development accelerates, demand for electrical, HVAC, and power-backup systems in Guyana will rise sharply. Elgawa’s early presence is a strategic asset — if it can scale its nine-person Guyana team to meet that demand.
• Suriname macro stabilisation. The IMF expects Suriname’s economy to grow by 3% with inflation falling toward 14% in 2024. A stabilising economy means more capital spending by businesses — Elgawa’s core clients.
• Disclosure gap. Any investor seriously considering Elgawa must first obtain audited accounts directly from the company or the SSX. Until financials are public, standard valuation is impossible.
• Solar energy tailwinds. Elgawa is active in renewable energy and energy-efficiency projects at precisely the moment Suriname’s grid instability is pushing residential and commercial clients toward solar alternatives — a structural demand shift, not a fashion.

This is news, not investment advice.