What is the main business of Nordic Spear Ltd.?

The main business activity of Nordic Spear Ltd. focuses on manufacture of luggage, handbags and saddlery and harness.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on March 5, 2015.

Where is the headquarters located?

The headquarters is located at: ul. Warszawska 54-62, 82-300 Elbląg.

What is the share capital?

The share capital of the company is PLN 5,000 (approx. $1,351).

What period do the latest financial data cover?

The latest available financial statement covers the period from January 1, 2024 to December 31, 2024.

What was the revenue?

The company reported a revenue of $1,019,703 in 2024, which is a decrease of 27.7% compared to 2023.

No, in 2024 the company was not profitable, reporting a net loss of $13. For comparison, in 2023 the loss was $20,107, meaning the company reduced its loss by 99.9%.

What is the largest operating cost?

The largest operating cost category falls under external services. This category amounted to $358,447 in 2024, representing 35% of all operating expenses.

Nordic Spear Ltd.sp. z o.o.

Manufacture of luggage, handbags and saddlery and harness

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2015-03-05

Activity description

Nordic Spear Ltd. operates a contract sewing facility producing heavy-duty clothing, military and paramilitary equipment, and specialist industrial garments, including knife-resistant clothing. Its services also include design, size grading, laser cutting and laser engraving, and it supplies clothing and equipment to uniformed services.

Registered address

ul. Warszawska 54-62, 82-300 Elbląg, Poland

Website

polandtacticalgearfactory.com

Phone

Financials

The financial statement for 2025 has not yet been filed with the Financial Document Repository (past deadline).

Revenue history (in k)

Data and insights are generated automatically based on financial statements and may contain errors. This analysis is for informational purposes only and does not constitute an official assessment of the company's credibility or business advice.

Statistics

How the company ranks by revenue within its industry, region and across Poland in 2024.

Results vs industry

Revenue

This companyUSD 1.02mMedianUSD 183.25kAverageUSD 988.72k

Net profit

This companyUSD -13.04MedianUSD 2.49kAverageUSD 103.86k

Operating costs

This companyUSD 1.02mMedianUSD 190.46kAverageUSD 853.41k

Assets

This companyUSD 318.67kMedianUSD 81.55kAverageUSD 676.78k

Industry

Bank accounts

Registered as a VAT taxpayer on 2015-03-13. Active

Bank Millennium
32 1160 2202 0000 0004 6073 2768
Bank Millennium
76 1160 2202 0000 0004 6072 9551
Bank Millennium
24 1160 2202 0000 0004 5933 5724

Debt

No entries in the National Debtors Register (KRZ). No proceedings in KRZ

Public aid

27 public aid cases recorded, with a total value of $257,040.

Grant date	Purpose	Gross amount	Granting body
Sep 15, 2023	De minimis aid (in accordance with Commission Regulation No 1407/2013 or earlier)	$38,790$38,790	Łódzka Specjalna Strefa Ekonomiczna S.A.
Mar 15, 2022	Aid in the form of wage subsidies for the recruitment of workers with disabilities	$1,514$1,514	Prezes Zarządu Państwowego Funduszu Rehabilitacji Osób Niepełnosprawnych
Feb 8, 2022	Aid in the form of wage subsidies for the recruitment of workers with disabilities	$1,514$1,514	Prezes Zarządu Państwowego Funduszu Rehabilitacji Osób Niepełnosprawnych

European Funds

Start	Project	EU co-financing	Programme
2023-06-01	Inwestycja firmy NORDIC SPEAR LTD. SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ w związku z przeciwdziałaniem negatywnym skutkom Brexit	$8,377$8,377	Pobrexitowa Rezerwa Dostosowawcza
2021-11-25	Wprowadzenie produktu w postaci oporządzenia dla służb mundurowych na rynki w postaci Szwecji i Tajlandii.	$105.0K$104,972	Program Operacyjny Polska Wschodnia
2021-01-01	Wprowadzenie produktu w postaci oporządzenia dla służb mundurowych na rynki o dużym potencjale do rozwoju przedsiębiorstwa w postaci Stanów Zjednoczonych i Rosji	$72,158$72,158	Program Operacyjny Polska Wschodnia

Tenders

No recorded participation in tenders.

Regulatory authorisations

Authority	Type	Status
BDO	BDO register entry	Active

Authorized Representatives

Miko Olavi Linnavirta – President of the Management Board

Manner of representation

Each member of the management board is authorised to make declarations on behalf of the company independently.

Ownership

Owner	Shares	Share value	Stake
Marcin Łukasz Chrzanowski (47)	15	$202.59	15%
Joanna Maria Kostelecka (41)	15	$202.59	15%
Miko Henrik Olavi Linnavirta	55	$742.84	55%
Total Sec Oy	15	$202.59	15%

Beneficial owners

Person	Rights

Competitors

Name	Revenue	Website
Ledrinsp. z o.o.	$3,506,901.08	daag.com.pl
Warsaw Matesp. z o.o. + limited partnership	$3,036,200.78	warsawmate.pl
Gepardsp. z o.o.	$1,187,566.82	milamie.com
Tomax Onesp. z o.o.	$515,238.11	tomax-wycinanie.pl
Hundstaff Polandsp. z o.o.	$420,606.58	hundstaff.pl
R.Majewskisp. z o.o.	$396,327.71	r-majewski.pl
Bigordisp. z o.o.	$237,886.44	bigordi.pl
Panna Studiosp. z o.o.	$210,404.66	panna-studio.com
Mukkesp. z o.o.	$206,817.96	mukke.pl
Uklousp. z o.o.	$110,536.32	uklou.pl

Change history

Date	Event
2019-02-05	Address change (Ul. Nowogrodzka 44/3, 00-695, Warszawa → Ul. Warszawska 54-62, 82-300, Elbląg)
2015-10-26	Address change (Ul. Belwederska 9a/5, 00-761, Warszawa → Ul. Nowogrodzka 44/3, 00-695, Warszawa)
2015-10-26	Name change (Bd 22 → Nordic Spear Ltd.)
2015-10-26	PKD change (Removed: 66.19.Z, 70.21.Z, 70.22.Z, 85.59.B, 96.09.Z; Added: 14.13.Z, 14.19.Z, 15.12.Z, 22.29.Z, 32.99.Z, 46.41.Z, 46.76.Z, 46.90.Z, 47.91.Z, 74.90.Z)
2015-03-05	Entered in the register

FAQ

Last updated: 2026-03-23