Risk grade updatedRisk gradeEvidence verified
14 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade A3.Business profile
True North Oy
True North Oy's registered office is Muonio. It is a limited company. The company was established on 2006-03-31. It operates in the industry of other reservation service and related activities. In its latest retained statement for 2025-05-31, revenue was €1,029,027 and operating profit was €134,620.
Business ID 2028421-5ValidUnclaimed company profile
Trusted core data
Public company details from the trade register.
- Business ID
- 2028421-5
- Sector
- Other reservation service and related activities
- Municipality
- Muonio
- Company form
- Limited company
- Registration date
- 2006-03-31
- Business ID registration date
- 2006-03-24
- Business status
- Valid
- Profile ownership
- Unclaimed company profile
Contact and location summary
Visiting address: Yrjö Kokon tie 4, 99300, Muonio
Postal address: P.O. Box 5, 99301, Muonio
About True North Oy
Financial position and key figures for the company.
True North Oy's location municipality is Muonio. It is a limited company. The company was established on 2006-03-31. It operates in the industry of other reservation service and related activities. In its latest retained statement for 2025-05-31, revenue was €1,029,027 and operating profit was €134,620. The latest retained financial statement for 2025-05-31 shows revenue of €1,029,027 and profit for the financial year of €68,651. Based on the latest retained statement, revenue growth was -15.4%, operating margin was +13.1%, and equity ratio was +54.7%.
Financial highlights
Key figures from the latest financial period.
Latest financial period
2025-05-31
3
2
PRH/XBRL financial statement
Derived indicators
Revenue growth-15.4%
Operating margin13.1%
Equity ratio54.7%
Balance-sheet contextLatest financial period
Other operating income€0Previous: €400
Inventory€25,574Previous: €15,482
Cash and bank€4,055Previous: €36,014
Advances received€24,962Previous: €15,519
Retained earnings€435,063Previous: €226,788
Equity€511,715Previous: €443,063
Liabilities€423,944Previous: €637,733
Current assets€76,885Previous: €73,184
Current liabilities€280,825Previous: €257,666
Revenue trend2 periods
€1,216,601
2024-05-31
€1,029,027
2025-05-31
Operating profit (loss) trend2 periods
€317,133
2024-05-31
€134,620
2025-05-31
Profit (loss) for the financial year trend2 periods
€208,276
2024-05-31
€68,651
2025-05-31
Assets trend2 periods
€1,080,797
2024-05-31
€935,659
2025-05-31
Financial ratios
Financial ratios based on financial statement data. Source: PRH/XBRL-tilinpäätös.
Equity ratioGood
70/100 · Improving
Current ratioWeak
4/100 · Declining
Operating profit marginGood
83/100 · Declining
Ratio history
| Ratio | 2024-05-31 | 2025-05-31 |
|---|---|---|
| Equity ratio | 41.6 % | 56.2 % |
| Current ratio | 0.20x | 0.11x |
| Operating profit margin | 26.1 % | 13.1 % |
Registry status and identifiers
Current registry information and identifiers based on YTJ data.
YTJ statusValid
Trade RegisterRegistered
Business ID2028421-5
VAT IDFI20284215
EU IDFIFPRO.2028421-5
MunicipalityMuonio
Current registered entries
2005-11-01VAT-liable for business activity in Tax Administration (VAT Register)
2006-03-24Registered in Tax Administration (Prepayment Register)
2006-03-31Registered in Patent and Registration Office (Trade Register)
2006-04-19Registered in Tax Administration (Tax Administration)
2017-01-01Registered in Tax Administration (Employer Register)
Risk certificate
An open-data based company stability and risk signal.
BUSINESS.fi
BUSINESS.fi Luottoluokitus
Profile-specific risk signal based on open data
Automatic gradeNot a credit decision
A3
GoodTrue North Oy
Grade unchangedA3 · new analysis 2026-09-21
74/100
High
Strong financial evidenceFinancial data included
Several key financial indicators have weakened across comparable fiscal periods.
3 comparable periodsSolvencyImproving
LiquidityStable
National Tier 1 comparisonDescriptive comparison – does not change the model score.
344 peersSolvency51%
Close to the peer-group midpoint
Profitability76%
Better than 76% of peers
Liquidity36%
Below 64% of peers
Revenue growth17%
Below 83% of peers
RegularBased on observed PRH financial period end and registration dates. This descriptive evidence does not change the v0.14 score.
3 observed filings159 days after period end
195 days after period end
3 consecutive periods
Supporting factors
- Strong equity ratio
- Strong operating profitability
- Active registered status
Risk factors to note
- Weak current ratio
- Coordinated deterioration across 2 financial domains
Automatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
5 assessmentsA3
2026-09-21 08:5774/100 · v0.14
A3 → A3 · +1 points- Evidence strengthened: a PRH/XBRL financial statement was added to the assessment (2025-05-31).
- Assessment confidence: Medium → High.
- Evidence quality: Registry and statistical evidence → Strong financial evidence.
A3
2026-09-1473/100 · v0.14
A3 → A3A3
2026-09-1473/100 · v0.13
B1 → A3 · +9 points- Assessment confidence: Low → Medium.
- Evidence quality: Registry and statistical evidence → Registry and statistical evidence.
- New risk factor: Sufficient structured financial metrics are not available.
B1
2026-09-1364/100 · v0.12
Oldest retained automatic assessment in this comparisonA3
2026-09-21
open-risk-grade-v0.14
The grade can use open digital financial statement data together with registry signals.
Risk context
When sufficient source-backed financial metrics are not available for a Tier 1 assessment, BUSINESS.fi shows registry, industry, and regional context.
Industry risklow
82/100
Industry context is low based on normalized open statistical inputs.
Age and continuityVakiintunut
80/100
The company has about 20 years of registry continuity.
Registry and status signalsVakaa
80/100
Registry history, filing recency, and active register markings are still limited or mixed.
Events & news
Verified events and sourced external company news in one timeline.
Registry timeline
Trade register notifications shown on a timeline.
18 register eventsLatest event: 2025-11-07
Financial statements availability
Available financial statement periods and PRH source filings.
3 financial statement periodsLatest financial period: 2025-05-31
Profile source and ownership
Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-04-03.
This company profile has not been claimed yet
True North Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.