NORTHELL OÜ

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This company's branding has already reached 261 peoplebut no user is tracking his activities.On average, the company has been rated 2.3 points.but there is no c

NORTHELL OÜ current status

This company's branding has already reached 261 peoplebut no user is tracking his activities.On average, the company has been rated 2.3 points.but there is no comment.

Tegevusaruanne 2024

Overview of activities

In 2024, the company continued to provide services to its international client base, focusing on delivering high-quality solutions and maintaining long-term relationships. Revenue from clients totalled EUR 560,839.07, supported by stable demand and timely execution of projects.

Financial performance

The company recorded total operating expenses of EUR 586,725.68 (including costs from all accounts and project subgroups), resulting in a negative operating result for the year. The main expense categories were subcontractor payments, software subscriptions, marketing expenses, and general operating costs.

Financial position

As at 31 December 2024, the company’s total assets amounted to EUR 1,008.

Equity position and restoration plan

As at 31 December 2024, the company’s equity was less than half of its share capital, which does not meet the requirements set out in the

Estonian Commercial Code.

The company plans to restore equity during 2025 through the following measures:

Increasing revenue by expanding cooperation with existing clients and attracting new customers;

Optimising operating expenses to improve profitability;

Considering an additional capital contribution from the shareholder if necessary.

Management believes that these measures will ensure that the company’s equity position will be restored to the required level within the next financial year.

Outlook for 2025

The company aims to stabilise its financial position by focusing on operational efficiency and strengthening its client portfolio. The management is confident in the company’s ability to achieve positive financial results in the coming year.

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