InnovativeEngineeringSolutions OÜ
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2024Summary: InnovativeEngineeringSolutions OÜ
What kind of company is it?
InnovativeEngineeringSolutions OÜ (registry code 14286483) is a private limited company (OÜ). The company was entered in the Commercial Register in 2017 and has been registered for 9 years. Registered location: Tabasalu alevik, Harku vald, Harju maakond. According to the latest annual report, the main activity is business and other management consultancy (EMTAK 70201). The company is registered for VAT (VAT number EE102252442).
How is the company doing financially?
Revenue in financial year 2024 was 57 015 €, up 156% on the previous year (22 250 €). This is the company's highest revenue among the published years (2019–2024). Net profit for financial year 2024 was 10 053 € (17,6% of revenue). The company was profitable in 4 of the 6 published financial years. According to the report, the company had no employees in financial year 2024. At the end of financial year 2024, total assets were 39 983 € and equity 39 910 € (99,8% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 12 114 €, down 57,6% on the same quarter a year earlier.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is a private individual.
What should you look out for?
The annual report for financial year 2025 has not been filed on time.
Where does the data come from and how fresh is it?
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2024) was filed on 25.06.2025. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 12 114 € | — | 0 € |
| Q2 2026 | 9221 € | — | 1269 € |
| Q1 2026 | 15 334 € | — | — |
| Q4 2025 | 27 339 € | — | — |
| Q3 2025 | 28 568 € | — | 0 € |
| Q2 2025 | 17 822 € | — | — |
| Q1 2025 | 25 980 € | — | — |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Sales revenue | 34 172 | 22 500 | 52 000 | 22 250 | 57 015 |
| Net profit | 9023 | 6928 | 20 022 | −19 209 | 10 053 |
| Retained earnings | 10 592 | 19 616 | 26 544 | 46 566 | 27 357 |
| Total assets | 22 140 | 29 044 | 52 466 | 29 857 | 39 983 |
| Total liabilities | 25 | 0 | 3400 | 0 | 73 |
| Total equity | 22 115 | 29 044 | 49 066 | 29 857 | 39 910 |
| Employees | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | 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.
Risks and obligations1 issue6 clear
Data from public registers, not a credit rating.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.