SIA "Medusa Project"Active
Key figures
Ratios
2024Balance sheet structure
Summary of financial statements2014–2024
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||
| Total current assets | 818 477 | 630 020 | 631 385 | 646 561 | 1 156 908 | 642 729 | 718 789 | 3 284 700 | 4 858 454 | 3 956 595 | 2 171 823 |
| Total non-current assets | 349 648 | 280 606 | 313 881 | 583 430 | 770 569 | 857 989 | 708 243 | 300 436 | 854 260 | 837 817 | 1 021 019 |
| Total assets | 1 168 125 | 910 626 | 945 266 | 1 229 991 | 1 927 477 | 1 500 718 | 1 427 032 | 3 585 136 | 5 712 714 | 4 794 412 | 3 192 842 |
| Balance sheet — liabilities and equity | |||||||||||
| Current liabilities | 1 324 983 | 2 101 859 | 476 495 | 2 174 580 | 2 859 830 | 2 371 106 | 2 219 392 | 1 833 918 | 1 189 149 | 759 865 | 731 106 |
| Non-current liabilities | 0 | 0 | 1 414 336 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 1 324 983 | 2 101 859 | 1 890 831 | 2 174 580 | 2 859 830 | 2 371 106 | 2 219 392 | 1 833 918 | 1 189 149 | 759 865 | 731 106 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -159 658 | -1 128 071 | 339 364 | 976 | 12 236 | 61 965 | 78 028 | 2 543 578 | 2 772 347 | -489 018 | -1 572 811 |
| Total equity | -156 858 | -1 284 929 | -945 565 | -944 589 | -932 353 | -870 388 | -792 360 | 1 751 218 | 4 523 565 | 4 034 547 | 2 461 736 |
| Income statement | |||||||||||
| Sales revenue | 48 309 | 554 353 | 1 347 355 | 2 117 294 | 2 667 046 | 2 029 696 | 1 568 482 | 1 208 608 | 58 962 | 181 442 | 637 714 |
| Operating profit | -151 886 | -1 093 445 | 377 902 | 48 039 | 60 989 | 107 364 | 122 431 | 2 578 244 | 2 804 042 | -504 497 | -1 572 054 |
| Profit before income tax | -159 658 | -1 128 071 | 339 364 | 10 535 | 23 420 | 71 045 | 86 980 | 2 551 361 | 2 779 227 | -488 017 | -1 550 429 |
| Profit for the reporting year | -159 658 | -1 128 071 | 339 364 | 976 | 12 236 | 61 965 | 78 028 | 2 543 578 | 2 772 347 | -489 018 | -1 572 811 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||
| Employees | 8 | 20 | 30 | 30 | 34 | 30 | 30 | 29 | 33 | 31 | 38 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 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 "Medusa Project"
Overview
SIA "Medusa Project" (reg. no. 40103797863) is a limited liability company. The company was registered in 2014 and has been in the register for 12 years. Registered address: Rīga, Tērbatas iela 14 - 3.
Financial results
Revenue in 2024 was 637 714 €, up 251% on the previous year (181 442 €). From 2014 to 2024, revenue grew by an average of 29,4% per year. 2024 ended with a loss of 1 572 811 €. The company was profitable in 7 of the 11 published years. In 2024 the company had 38 employees (31 a year earlier). Revenue per employee was 16 782 €. At the end of 2024, total assets were 3 192 842 € and equity 2 461 736 € (77,1% of assets).
Management and owners
The company has one board member. According to the register, the company has 2 owners. The largest stake (65%) is held by a private individual. The company holds a stake in one other active Latvian company.
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.