Advanced Development Networks SIAActive
Key figures
Ratios
2024Balance sheet structure
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 102 790 | 67 840 | 274 369 | 45 925 | 21 269 | 0 |
| Total non-current assets | 0 | 405 000 | 665 000 | 1 802 300 | 1 732 150 | 735 392 |
| Total assets | 102 790 | 472 840 | 939 369 | 1 848 225 | 1 753 419 | 735 392 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 40 037 | 93 747 | 6282 | 16 844 | 41 402 | 20 077 |
| Non-current liabilities | 0 | 0 | 93 200 | 940 400 | 914 819 | 0 |
| Total liabilities | 40 037 | 93 747 | 99 482 | 957 244 | 956 221 | 20 077 |
| Share capital | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — |
| Profit for the year | 59 963 | 316 330 | 460 794 | 51 094 | -93 783 | -81 883 |
| Total equity | 62 753 | 379 093 | 839 887 | 890 981 | 797 198 | 715 315 |
| Income statement | ||||||
| Sales revenue | 60 000 | 325 000 | 470 000 | 100 000 | 4736 | 16 115 |
| Operating profit | 59 963 | 316 330 | 460 794 | 25 494 | -93 783 | -81 883 |
| Profit before income tax | 59 963 | 316 330 | 460 794 | 51 094 | -93 783 | -81 883 |
| Profit for the reporting year | 59 963 | 316 330 | 460 794 | 51 094 | -93 783 | -81 883 |
| Labour costs | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — |
| Other indicators | ||||||
| Employees | 1 | 1 | 1 | 4 | 3 | 3 |
| Calculated dividend | — | 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: Advanced Development Networks SIA
Overview
Advanced Development Networks SIA (reg. no. 50203204871) is a limited liability company. The company was registered in 2019 and has been in the register for 7 years. Registered address: Rīga, Rūpniecības iela 1 - 2.
Financial results
Revenue in 2024 was 16 115 €, up 240% on the previous year (4736 €). From 2019 to 2024, revenue declined by an average of 23,1% per year. 2024 ended with a loss of 81 883 €. The company was profitable in 4 of the 6 published years. In 2024 the company had 3 employees. Revenue per employee was 5372 €. At the end of 2024, total assets were 735 392 € and equity 715 315 € (97,3% of assets).
Management and owners
The company has one board member. The sole owner of the company is a private individual.
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.