"Initiative Latvia" SIAActive
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 335 021 € (47% of equity at the end of the previous year).
Summary of financial statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 51 257 | 95 730 | 545 333 | 769 853 | 1 043 759 | 1 006 153 | 1 473 156 | 1 880 590 | 2 880 527 | 2 885 488 | 2 883 119 | 5 161 023 | 5 398 090 | 5 388 986 | 4 698 249 | 4 339 663 |
| Total non-current assets | 0 | 10 086 | 29 300 | 18 651 | 20 381 | 14 948 | 80 687 | 83 105 | 91 509 | 93 180 | 110 564 | 208 258 | 294 746 | 350 871 | 503 857 | 545 819 |
| Total assets | 51 257 | 105 816 | 574 633 | 788 504 | 1 064 140 | 1 021 101 | 1 553 843 | 1 963 695 | 2 972 036 | 2 978 668 | 2 993 683 | 5 369 281 | 5 692 836 | 5 739 857 | 5 202 106 | 4 885 482 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 46 691 | 81 546 | 534 169 | 742 749 | 981 008 | 931 484 | 1 401 146 | 1 783 259 | 2 622 636 | 2 610 616 | 2 479 895 | 4 339 077 | 4 975 169 | 4 958 873 | 4 482 065 | 3 790 930 |
| Non-current liabilities | 0 | 8602 | 6227 | 0 | 0 | 0 | 32 156 | 19 593 | 13 025 | 10 119 | 0 | 31 958 | 22 939 | 18 455 | 12 591 | 0 |
| Total liabilities | 46 691 | 90 148 | 540 396 | 742 749 | 981 008 | 931 484 | 1 433 302 | 1 802 852 | 2 635 661 | 2 620 735 | 2 479 895 | 4 371 035 | 4 998 108 | 4 977 328 | 4 494 656 | 3 790 930 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 2566 | 11 102 | 6164 | 14 000 | 20 284 | 10 697 | 38 577 | 40 302 | 333 531 | 355 089 | 155 855 | 484 458 | 307 426 | 67 801 | 244 921 | 787 102 |
| Total equity | 4566 | 15 668 | 21 832 | 35 832 | 71 269 | 81 964 | 120 541 | 160 843 | 336 375 | 357 933 | 513 788 | 998 246 | 694 728 | 762 529 | 707 450 | 1 094 552 |
| Income statement | ||||||||||||||||
| Sales revenue | 127 474 | 631 090 | 2 425 145 | 2 357 363 | 3 235 093 | 3 065 046 | 3 685 787 | 6 717 345 | 10 363 382 | 10 404 988 | 8 311 125 | 14 433 277 | 17 672 471 | 19 648 164 | 20 105 294 | 19 653 320 |
| Operating profit | 3020 | 18 212 | 12 900 | 19 114 | 33 962 | 24 161 | 48 729 | 63 851 | 346 390 | 454 907 | 167 656 | 486 532 | 461 181 | 70 439 | 335 770 | 895 088 |
| Profit before income tax | 3020 | 14 654 | 7825 | 19 525 | 25 353 | 14 678 | 45 491 | 55 518 | 344 268 | 452 807 | 166 312 | 491 065 | 466 032 | 73 184 | 339 074 | 895 769 |
| Profit for the reporting year | 2566 | 11 102 | 6164 | 14 000 | 20 284 | 10 697 | 38 577 | 40 302 | 333 531 | 355 089 | 155 855 | 484 458 | 307 426 | 67 801 | 244 921 | 787 102 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||||||
| Employees | 1 | 4 | 12 | 16 | 20 | 14 | 13 | 20 | 26 | 23 | 26 | 28 | 31 | 27 | 29 | 23 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157 999 | 333 531 | 0 | 0 | 610 944 | 0 | 300 000 | 335 021 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Summary: "Initiative Latvia" SIA
Overview
"Initiative Latvia" SIA (reg. no. 40103273790) is a limited liability company. The company was registered in 2010 and has been in the register for 16 years. Registered address: Rīga, 13. janvāra iela 33.
Financial results
Revenue in 2025 was 19 653 320 €, down 2,2% on the previous year (20 105 294 €). From 2010 to 2025, revenue grew by an average of 39,9% per year. Net profit for 2025 was 787 102 € (4,0% of revenue). The company was profitable in all 16 published years. In 2025 the company had 23 employees (29 a year earlier). Revenue per employee was 854 492 €. At the end of 2025, total assets were 4 885 482 € and equity 1 094 552 € (22,4% of assets).
Management and owners
The board has 3 members. According to the register, the company has 4 owners. The largest stake (65%) is held by OU Playground Advertising.
Data sources and freshness
Register data (name, address, legal form, board and owners) and annual report figures come from the open data of the Register of Enterprises of the Republic of Latvia (CC0); entity.lv updates them daily. Data as of 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.