SIA "Initiative"Active
Key figures
Ratios
2025Balance sheet structure
Summary of financial statements2013–2025
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||||||
| Total current assets | 627 | 344 | 223 | 219 | 14 706 | 24 248 | 4988 | 15 632 | 6994 | 55 690 | 30 266 | 52 410 | 112 420 |
| Total non-current assets | 1966 | 2372 | 2372 | 2372 | 2168 | 0 | 0 | 0 | 0 | 0 | 739 | 16 011 | 12 652 |
| Total assets | 2593 | 2716 | 2595 | 2591 | 16 874 | 24 248 | 4988 | 15 632 | 6994 | 55 690 | 31 005 | 68 421 | 125 072 |
| Balance sheet — liabilities and equity | |||||||||||||
| Current liabilities | 2834 | 3432 | 3385 | 3436 | 27 580 | 47 017 | 28 810 | 37 403 | 30 939 | 39 533 | 20 883 | 14 689 | 41 161 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 2834 | 3432 | 3385 | 3436 | 27 580 | 47 017 | 28 810 | 37 403 | 30 939 | 39 533 | 20 883 | 14 689 | 41 161 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | -261 | -373 | -74 | -55 | -9861 | -12 063 | -1053 | 2051 | -2174 | 40 102 | -6035 | 43 610 | 30 179 |
| Total equity | -241 | -716 | -790 | -845 | -10 706 | -22 769 | -23 822 | -21 771 | -23 945 | 16 157 | 10 122 | 53 732 | 83 911 |
| Income statement | |||||||||||||
| Sales revenue | 154 | 0 | 0 | 0 | 173 572 | 324 242 | 38 255 | 22 895 | 0 | 211 911 | 151 230 | 383 615 | 405 928 |
| Operating profit | -261 | -373 | -21 | 0 | -18 370 | -12 025 | -1053 | 2051 | -2174 | 40 102 | -6035 | 43 610 | 30 179 |
| Profit before income tax | -261 | -373 | -24 | -5 | -9861 | -12 025 | -1053 | 2051 | -2174 | 40 102 | -6035 | 43 610 | 30 179 |
| Profit for the reporting year | -261 | -373 | -74 | -55 | -9861 | -12 063 | -1053 | 2051 | -2174 | 40 102 | -6035 | 43 610 | 30 179 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | |||||||||||||
| Employees | 0 | 0 | 0 | 0 | 7 | 18 | 2 | 2 | 1 | 6 | 13 | 14 | 14 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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: SIA "Initiative"
Overview
SIA "Initiative" (reg. no. 40103696208) is a limited liability company. The company was registered in 2013 and has been in the register for 13 years. Registered address: Rīga, Ganību dambis 16G.
Financial results
Revenue in 2025 was 405 928 €, up 5,8% on the previous year (383 615 €). From 2013 to 2025, revenue grew by an average of 92,8% per year. This is the company's highest revenue among the published years (2013–2025). Net profit for 2025 was 30 179 € (7,4% of revenue). The company was profitable in 4 of the 13 published years. In 2025 the company had 14 employees. Revenue per employee was 28 995 €. At the end of 2025, total assets were 125 072 € and equity 83 911 € (67,1% 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 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.