Sabiedrība ar ierobežotu atbildību "Innovative Development"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
calculatedPaid out in dividends approximately 42 189 € (94% of equity at the end of the previous year).
Low confidence: the company does not file a cash flow statement, so the amount is an estimate from changes in equity — it may also include other reductions of equity (e.g. a share capital reduction).
Summary of financial statements2011–2025
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||||
| Total current assets | 7940 | 12 586 | 13 292 | 40 266 | 36 191 | 44 291 | 41 332 | 27 190 | 39 527 | 43 934 | 35 227 | 35 824 | 54 122 | 59 464 | 45 405 |
| Total non-current assets | 211 | 430 | 213 | 686 | 894 | 679 | 464 | 248 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total assets | 8151 | 13 016 | 13 505 | 40 952 | 37 085 | 44 970 | 41 796 | 27 438 | 39 527 | 43 934 | 35 227 | 35 824 | 54 122 | 59 464 | 45 405 |
| Balance sheet — liabilities and equity | |||||||||||||||
| Current liabilities | 3163 | 4079 | 4886 | 5964 | 6866 | 9447 | 7971 | 8498 | 5439 | 4769 | 4461 | 4570 | 5320 | 14 429 | 9736 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 3163 | 4079 | 4886 | 5964 | 6866 | 9447 | 7971 | 8498 | 5439 | 4769 | 4461 | 4570 | 5320 | 14 429 | 9736 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 4888 | 6937 | 6619 | 32 142 | 27 373 | 32 677 | 30 979 | 16 094 | 31 242 | 36 319 | 27 920 | 28 408 | 45 956 | 42 189 | 32 823 |
| Total equity | 4988 | 8937 | 8619 | 34 988 | 30 219 | 35 523 | 33 825 | 18 940 | 34 088 | 39 165 | 30 766 | 31 254 | 48 802 | 45 035 | 35 669 |
| Income statement | |||||||||||||||
| Sales revenue | 21 418 | 30 049 | 32 824 | 70 868 | 68 023 | 69 522 | 73 972 | 59 640 | 73 105 | 93 341 | 80 055 | 81 045 | 101 808 | 104 648 | 97 632 |
| Operating profit | 4888 | 6937 | 6619 | 32 142 | 27 373 | 32 677 | 30 979 | 16 094 | 35 266 | 44 130 | 37 000 | 35 388 | 53 058 | 53 678 | 43 370 |
| Profit before income tax | 4888 | 6937 | 6619 | 32 142 | 27 373 | 32 677 | 30 979 | 16 094 | 35 266 | 44 130 | 37 000 | 35 388 | 53 058 | 53 678 | 43 370 |
| Profit for the reporting year | 4888 | 6937 | 6619 | 32 142 | 27 373 | 32 677 | 30 979 | 16 094 | 31 242 | 36 319 | 27 920 | 28 408 | 45 956 | 42 189 | 32 823 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||||
| Employees | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 2988 | 6937 | 5773 | 32 142 | 27 373 | 32 677 | 30 979 | 16 094 | 31 242 | 36 319 | 27 920 | 28 408 | 45 956 | 42 189 |
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: Sabiedrība ar ierobežotu atbildību "Innovative Development"
Overview
Sabiedrība ar ierobežotu atbildību "Innovative Development" (reg. no. 40103349554) is a limited liability company. The company was registered in 2010 and has been in the register for 15 years. Registered address: Rīga, Dāvida iela 1C - 4.
Financial results
Revenue in 2025 was 97 632 €, down 6,7% on the previous year (104 648 €). From 2011 to 2025, revenue grew by an average of 11,4% per year. Net profit for 2025 was 32 823 € (33,6% of revenue). The company was profitable in all 15 published years. In 2025 the company had 1 employees. Revenue per employee was 97 632 €. At the end of 2025, total assets were 45 405 € and equity 35 669 € (78,6% of assets).
Management and owners
The company has one board member. The sole owner of the company is a private individual.
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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.