Osaühing InitiativeRegistered
Key figures
19 604 870 €−5,1%
Revenue 2025
+8,3%
Average annual growth 2019–2025
Ratios
20252,9%
Profit margin
2,8%
EBITDA margin
23,0%
Equity ratio
1,3×
Current ratio
47,5%
Return on equity
3227 €
Average gross salary
Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 6 443 277 € | 20 | 106 099 € |
| Q1 2026 | 5 665 530 € | 19 | 124 661 € |
| Q4 2025 | 6 319 127 € | 19 | 105 594 € |
| Q3 2025 | 5 185 629 € | 19 | 105 068 € |
| Q2 2025 | 5 946 236 € | 18 | 105 204 € |
| Q1 2025 | 5 835 714 € | 17 | 114 586 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
No dividends were distributed.
History
20250 €
2024769 892 €
2023641 564 €
2022574 634 €
2021335 000 €
2020468 175 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 3 175 990 | 3 140 765 | 3 947 487 | 3 824 561 | 4 460 997 | 5 502 067 | 5 127 706 |
| Total non-current assets | 79 838 | 54 982 | 59 785 | 38 397 | 55 304 | 48 794 | 32 999 |
| Total assets | 3 255 828 | 3 195 747 | 4 007 272 | 3 862 958 | 4 516 301 | 5 550 861 | 5 160 705 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 1 874 426 | 2 023 027 | 2 787 480 | 2 818 743 | 3 743 853 | 4 926 927 | 3 971 795 |
| Non-current liabilities | 0 | — | — | — | — | — | — |
| Total liabilities | 1 874 426 | 2 023 027 | 2 787 480 | 2 818 743 | 3 743 853 | 4 926 927 | 3 971 795 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 866 086 | 910 671 | 835 164 | 642 602 | 400 095 | 0 | 621 378 |
| Profit for the year | 512 760 | 259 493 | 382 072 | 399 057 | 369 797 | 621 378 | 564 976 |
| Total equity | 1 381 402 | 1 172 720 | 1 219 792 | 1 044 215 | 772 448 | 623 934 | 1 188 910 |
| Income statement | |||||||
| Sales revenue | 12 168 126 | 9 184 166 | 13 615 855 | 15 188 361 | 18 432 051 | 20 650 081 | 19 604 870 |
| Operating profit | 575 511 | 349 029 | 440 050 | 505 877 | 489 219 | 751 540 | 534 775 |
| EBITDA | 605 822 | 380 460 | 473 049 | 540 792 | 504 829 | 777 916 | 556 758 |
| Profit before income tax | 575 120 | 367 338 | 443 014 | 512 173 | 490 105 | 768 728 | 564 976 |
| Profit for the reporting year | 512 760 | 259 493 | 382 072 | 399 057 | 369 797 | 621 378 | 564 976 |
| Labour costs | 904 123 | 829 803 | 915 473 | 1 023 737 | 1 251 878 | 997 690 | 974 669 |
| Depreciation of non-current assets | 30 311 | 31 431 | 32 999 | 34 915 | 15 610 | 26 376 | 21 983 |
| Other indicators | |||||||
| Employees | 22 | 21 | 21 | 22 | 24 | 20 | 17 |
| Calculated dividend | — | 468 175 | 335 000 | 574 634 | 641 564 | 769 892 | 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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