In 2024, "Initiative Latvia" SIA had revenue of 20.1 million EUR and profit of 244.9 thousand EUR. The company has 28 employees. Beneficial owners: Heiki Koitla.
Company has securing measures applied
This company has court orders or restrictions applied. This may indicate debt obligations or legal issues.
| Type | Details | Applied | Case number | Institution |
|---|---|---|---|---|
| Aizliegums | Piemērots kapitāla daļām atsavināšanas aizliegums un aizliegums reģistrēt komercķīlas | 2026. gada 11. marts | 04858/062/2026-NOS | Zvērināta tiesu izpildītāja Evita Eistere |
| year | 2024Latest | 2023 | 2022 |
|---|---|---|---|
Revenue | 20,1m € +2.3% | 19,6m € +11.2% | 17,7m € +22.4% |
Profit | 244,9k € +261.2% | 67,8k € -77.9% | 307,4k € -36.5% |
Assets | 5,2m € -9.4% | 5,7m € +0.8% | 5,7m € +6.0% |
Liabilities | 4,5m € -9.7% | 5m € -0.4% | 5m € +14.3% |
Equity | 707,5k € -7.2% | 762,5k € +9.8% | 694,7k € -30.4% |
Employees | 29 +7.4% | 27 -12.9% | 31 +10.7% |
Overall rating | A+97/100 |
Financial health | 100/100 |
Credit history | 100/100 |
Legal history | 100/100 |
Business activity | 80/100 |
| Overall risk | Low |
No risk flags | |
No tax debts | |
Positive profit | |
Regular report filing | |
| Name, surname | Birth date | Position | Representation rights | Registered | |
|---|---|---|---|---|---|
| - | Board chairman | Independently | |||
| Board member | Independently | ||||
| - | Board member | Independently |
"Initiative Latvia" SIA is located at Rīga, 13. janvāra iela 33, LV-1050.
In 2024, "Initiative Latvia" SIA had revenue of 20 105 294 EUR and profit of 244 921 EUR. Compared to previous year, revenue increased by 2.3%. View full financial report →
In 2024, "Initiative Latvia" SIA had an average of 28 employees. View tax history →
The beneficial owners of "Initiative Latvia" SIA are Heiki Koitla. View ownership details →
Yes, "Initiative Latvia" SIA is registered as an active VAT payer with VAT number LV40103273790.
In 2024, the average gross salary at "Initiative Latvia" SIA was approximately 2345,59 € per month (net ~ 1694,03 €). This is an approximate calculation. View salary details →
"Initiative Latvia" SIA was founded on February 11, 2010. The company has been operating for 16 years.
| Indicator | Value | Rank | Comparison | |
|---|---|---|---|---|
Company age | 16 years | 342 - 346 | 78% | |
Net revenue | 20 105 294,00 € | 2 - 6 | 100% | |
Profit | 244 921,00 € | 26 - 30 | 98% | |
Equity | 707 450,00 € | 27 - 31 | 97% | |
Assets | 5 202 106,00 € | 4 - 8 | 100% | |
Fixed assets | 116 854,00 € | - | 90% | |
Liquidity | 1.05 | - | 25% | |
Profitability | 1.2% | - | 10% | |
Registered capital | 2844,00 € | - | 75% |
Annual financial report for 2024.
Annual financial report for 2023.
Annual financial report for 2022.
Annual financial report for 2021.
Annual financial report for 2020.
Annual financial report for 2019.
Registered in the Latvian company register.
| Name, surname | Birth date | Shares | Ownership rights | |
|---|---|---|---|---|
| Andis Laveiķis | 285 | 10.02% | ||
| Roberts Misāns | 569 | 20.01% | ||
| OU Playground Advertising | - | 1848 | 64.98% | |
| Mārtiņš Lellis | 142 | 4.99% | ||
| Name, surname | Nationality | Birth date | |
|---|---|---|---|
| Heiki Koitla | EE | - |