Innovation Academy Sihtasutus

Registered
90012509FoundationFounded 2013
Qualified audit opinion. 2023 report: Qualified.

Key figures

There is no data for this indicator.

Ratios

2025

Summary: Innovation Academy Sihtasutus

What kind of company is it?

Innovation Academy Sihtasutus (registry code 90012509) is a foundation. The company was entered in the Commercial Register in 2013 and has been registered for 13 years. Registered location: Lasnamäe linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is other education n.e.c. (EMTAK 85599). The company is registered for VAT (VAT number EE101685337).

How is the company doing financially?

In financial year 2025 the company had 5 employees (6 a year earlier).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 263 113 €, up 13,0% on the same quarter a year earlier. The company had 4 employees in that quarter. Labour taxes paid in the quarter: 17 920 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2760 € per month.

Who runs the company and who owns it?

The company has one management board member. The supervisory board has 3 members.

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 2025) was filed on 10.07.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (894500RA73E550EVF211) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.

Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q3 2026263 113 €417 920 €
Q2 2026528 306 €421 502 €
Q1 2026363 319 €325 123 €
Q4 2025199 106 €429 270 €
Q3 2025232 917 €427 553 €
Q2 2025654 610 €536 572 €
Q1 2025206 747 €629 061 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Summary of financial statements2021–2025
20212022202320242025
Sales revenue—————
Net profit—————
Retained earnings—————
Total assets613 812285 816482 264403 893185 684
Total liabilities338 820270 959352 465311 196199 487
Total equity—————
Employees77865
Average gross salary (monthly)31983392276336433380

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 note7 clear
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
Filed late: 2023, 2025
Business Register · 2023–2025
Auditor's opinion
Unqualified
Business Register · 2025 annual report
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

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Innovation Academy Si…2Veiki Kolk2Alar Kolk9+Fred Krieger1Ivo Vaks
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll
Annual reportsPDF, XBRL

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Source: e-Business Register (RIK). Files open/download directly from the official register.

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