Osaühing Initiative
RegisteredPrivate limited company (OÜ)Registry code 10459952
Key factsPõhja-Tallinna linnaosa, Media representation
- Registry code
- 10459952
- VAT number
- EE100202753
- Registered
- 16 Jun 1998
- Address
- Harju maakond, Tallinn, Põhja-Tallinna linnaosa, Paldiski mnt 20Harju maakondTallinnPõhja-Tallinna linnaosa
Base map and address location: Estonian Land and Spatial Development Board - Main activity
- Media representationEMTAK 73121
- Capital
- €2,556
- Financial year ends
- 31.12
- Contacts
- Emailinitiative@initiative.ee
- Phone+372 5133001
- Websitewww.initiative.ee
Charts
From the annual reports (RIK).
From the annual reports (RIK).
Equity and liabilities add up to total assets. From the annual reports.
Tax board quarterly data, last 12 quarters.
Annual report figures
Unconsolidated reports, amounts in euros. Employees are the annual average in full-time equivalents (FTE).
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | €19,604,870 −5.1% | €20,650,081 +12% | €18,432,051 +21% | €15,188,361 +12% | €13,615,855 +48% | €9,184,166 −25% | €12,168,126 |
| Operating profit | €534,775 | €751,540 | €489,219 | €505,877 | €440,050 | €349,029 | €575,511 |
| Net profit | €564,976 −9.1% | €621,378 +68% | €369,797 −7.3% | €399,057 +4.5% | €382,072 +47% | €259,493 −49% | €512,760 |
| Profit margin | 2.9% | 3% | 2% | 2.6% | 2.8% | 2.8% | 4.2% |
| Labour costs | −€974,669 | −€997,690 | −€1,251,878 | −€1,023,737 | −€915,473 | −€829,803 | −€904,123 |
| Balance sheet | |||||||
| Total assets | €5,160,705 −7% | €5,550,861 +23% | €4,516,301 +17% | €3,862,958 −3.6% | €4,007,272 +25% | €3,195,747 −1.9% | €3,255,828 |
| Current assets | €5,127,706 | €5,502,067 | €4,460,997 | €3,824,561 | €3,947,487 | €3,140,765 | €3,175,990 |
| Cash | €142,029 | €707,193 | €414,127 | €162,764 | €635,784 | €864,728 | €516,710 |
| Current liabilities | €3,971,795 | €4,926,927 | €3,743,853 | €2,818,743 | €2,787,480 | €2,023,027 | €1,874,426 |
| Non-current liabilities | — | — | — | — | — | — | €0 |
| Equity | €1,188,910 +91% | €623,934 −19% | €772,448 −26% | €1,044,215 −14% | €1,219,792 +4% | €1,172,720 −15% | €1,381,402 |
| Ratios and staff | |||||||
| Current ratio | 1.29 | 1.12 | 1.19 | 1.36 | 1.42 | 1.55 | 1.69 |
| Employees (FTE) | 17 | 20 | 24 | 22 | 21 | 21 | 22 |
| Revenue per employee | €1,153,228 | €1,032,504 | €768,002 | €690,380 | €648,374 | €437,341 | €553,097 |
Tax board quarterly data
Taxes paid during the quarter, turnover from VAT returns and head count on the last day of the quarter.
| Quarter | Turnover | State taxes | Labour taxes | Employees | Average salary (estimate) |
|---|---|---|---|---|---|
| 2026 Q2 | €6,443,277 | €345,747 | €106,099 | 20 | €3,280 |
| 2026 Q1 | €5,665,530 | €284,366 | €124,661 | 19 | €3,994 |
| 2025 Q4 | €6,319,127 | €298,222 | €105,594 | 19 | €3,161 |
| 2025 Q3 | €5,185,629 | €200,794 | €105,068 | 19 | €3,145 |
| 2025 Q2 | €5,946,236 | €221,395 | €105,204 | 18 | €3,324 |
| 2025 Q1 | €5,835,714 | €283,707 | €114,586 | 17 | €3,834 |
| 2024 Q4 | €7,217,603 | €309,974 | €98,683 | 17 | €3,414 |
| 2024 Q3 | €5,670,489 | €251,682 | €93,215 | 17 | €3,225 |
| 2024 Q2 | €5,883,078 | €281,971 | €114,012 | 17 | €3,944 |
| 2024 Q1 | €5,345,365 | €287,777 | €169,435 | 18 | €5,536 |
| 2023 Q4 | €6,521,210 | €315,520 | €130,553 | 20 | €3,839 |
| 2023 Q3 | €4,878,182 | €298,277 | €142,640 | 18 | €4,660 |
| 2023 Q2 | €5,489,754 | €297,983 | €131,989 | 20 | €3,881 |
| 2023 Q1 | €4,461,589 | €278,387 | €145,460 | 20 | €4,277 |
| 2022 Q4 | €5,194,237 | €265,415 | €116,121 | 21 | €3,252 |
| 2022 Q3 | €3,604,332 | €202,906 | €117,765 | 21 | €3,298 |
| 2022 Q2 | €4,289,678 | €199,358 | €112,699 | 23 | €2,882 |
| 2022 Q1 | €4,499,195 | €271,568 | €127,847 | 22 | €3,418 |
Tax debt
This company is not on the tax board's list of debtors as of 06 Oct 2026.
Source: the tax board's list of legal persons with tax debt. Each month shows its last snapshot. Not being on the list does not prove there is no tax debt.
What these figures mean
Tax board turnover sums the quarter's VAT returns, including reverse-charged purchases. It is not annual report revenue and the two are not added up. Turnover months lag the quarter by one month.
Quarterly head count is the employment register on the quarter's last day, excluding board members. Annual report FTE is the year's average in full-time equivalents.
Average salary is an estimate: the gross monthly salary per employee that the labour taxes imply. Labour taxes are paid, not earned, in the quarter, and part-time staff and tax exemptions skew the result.
The current ratio shows how many euros of current assets there are for each euro of current liabilities.