SIA North effectActive
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 250 | 143 | 26 499 | 9950 | 18 484 | 127 294 | 190 832 |
| Total non-current assets | 0 | 1600 | 0 | 2395 | 11 728 | 164 539 | 88 430 |
| Total assets | 250 | 1743 | 26 499 | 12 345 | 30 212 | 291 833 | 279 262 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 0 | 2397 | 24 996 | 9244 | 15 774 | 118 996 | 96 072 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 11 955 | 152 861 | 123 858 |
| Total liabilities | 0 | 2397 | 24 996 | 9244 | 27 729 | 271 857 | 219 930 |
| Share capital | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — |
| Profit for the year | 0 | -904 | 2157 | 1598 | -3168 | 17 493 | 36 228 |
| Total equity | 250 | -654 | 1503 | 3101 | 2483 | 19 976 | 59 332 |
| Income statement | |||||||
| Sales revenue | 0 | 1660 | 68 247 | 53 194 | 48 767 | 294 805 | 443 107 |
| Operating profit | 0 | -854 | 2157 | 1598 | -2817 | 18 627 | 37 886 |
| EBITDA | 0 | — | — | — | — | — | — |
| Profit before income tax | 0 | -854 | 2157 | 1598 | -3168 | 17 493 | 36 228 |
| Profit for the reporting year | 0 | -904 | 2157 | 1598 | -3168 | 17 493 | 36 228 |
| Labour costs | 0 | — | — | — | — | — | — |
| Depreciation of non-current assets | 0 | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 0 | 0 | 0 | 0 | 1 | 3 | 5 |
| Calculated dividend | — | 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 North effect
Overview
SIA North effect (reg. no. 40203201290) is a limited liability company. The company was registered in 2019 and has been in the register for 7 years. Registered address: Rīga, Dārza iela 2.
Financial results
Revenue in 2025 was 443 107 €, up 50,3% on the previous year (294 805 €). This is the company's highest revenue among the published years (2019–2025). Net profit for 2025 was 36 228 € (8,2% of revenue). The company was profitable in 4 of the 7 published years. In 2025 the company had 5 employees (3 a year earlier). Revenue per employee was 88 621 €. At the end of 2025, total assets were 279 262 € and equity 59 332 € (21,2% of assets).
Management and owners
The board has 2 members. The sole owner of the company is Akciju sabiedrība "CONRAD HOLDING GROUP".
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.