Innovation Academy Sihtasutus

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	10.07.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	25.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	12.09.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	26.09.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	23.09.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	29.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	08.07.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	30.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	11.05.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	18.05.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	29.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	13.07.2015	Valid	PDF

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Tax debt Reports Declarations Court decisions1 Official announcements–TTJA decisions–Real estate–.ee domains–Licenses–Regulations16 Public transactions1 Grants–State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	20 374 €	17 920 €	263 113 €−50,2%	4
2026 Q2	20 632 €	21 502 €	528 306 €+45,4%	4
2026 Q1	22 826 €	25 123 €	363 319 €+82,5%	3
Total 2026:	63 832 €	64 545 €	1,15 M €
2025 Q4	29 888 €	29 270 €	199 106 €−14,5%	4
2025 Q3	32 992 €	27 553 €	232 917 €−64,4%	4
2025 Q2	34 291 €	36 572 €	654 610 €+217%	5
2025 Q1	27 990 €	29 061 €	206 747 €−10,4%	6
Total 2025:	125 161 €	122 456 €	1,29 M €
2024 Q4	37 917 €	39 762 €	230 638 €+9,2%	6
2024 Q3	42 804 €	42 204 €	211 241 €−71,1%	7
2024 Q2	37 528 €	39 942 €	731 249 €+310%	7
2024 Q1	38 546 €	38 787 €	178 499 €−34,4%	8
Total 2024:	156 795 €	160 695 €	1,35 M €
2023 Q4	44 259 €	46 726 €	271 990 €−22,4%	8
2023 Q3	27 785 €	29 875 €	350 423 €−50,6%	8
2023 Q2	29 992 €	32 282 €	708 930 €+220%	7
2023 Q1	35 088 €	36 441 €	221 742 €+34,6%	8
Total 2023:	137 124 €	145 324 €	1,55 M €
2022 Q4	44 982 €	39 986 €	164 728 €−49,7%	7
2022 Q3	33 465 €	34 518 €	327 771 €−44,5%	7
2022 Q2	74 100 €	50 982 €	590 312 €+156%	5
2022 Q1	48 797 €	46 153 €	230 381 €+113%	6
Total 2022:	201 344 €	171 639 €	1,31 M €
2021 Q4	34 775,90 €	31 715,44 €	108 166,08 €+62,1%	6
2021 Q3	40 639,98 €	41 217,40 €	66 708,92 €−56,2%	6
2021 Q2	33 641 €	31 797,12 €	152 201 €+3,3%	8
2021 Q1	45 553,88 €	35 265,55 €	147 289 €+100%	8
Total 2021:	154 610,76 €	139 995,51 €	474 365 €
2020 Q4	37 946,38 €	37 769,96 €	73 625 €+239%	8
2020 Q3	31 284,21 €	30 156,22 €	-53 024 €−172%	8
2020 Q2	68 089,27 €	69 658,99 €	73 963,75 €−79,2%	6
2020 Q1	60 621 €	60 618 €	355 492 €+28,6%	14
Total 2020:	197 940,86 €	198 203,17 €	450 056,75 €
2019 Q4	70 403 €	65 904 €	276 400 €−30,4%	14
2019 Q3	76 763 €	79 460 €	396 936 €−41,2%	18
2019 Q2	71 880 €	68 542 €	674 601 €+61,8%	17
2019 Q1	72 064 €	63 974 €	416 954 €+58,4%	18
Total 2019:	291 110 €	277 880 €	1,76 M €
2018 Q4	59 117 €	58 852 €	263 215 €+63,4%	17
2018 Q3	60 354 €	64 504 €	161 053 €−71,3%	19
2018 Q2	74 177 €	55 046 €	560 761 €+950%	19
2018 Q1	83 593 €	86 996 €	53 401 €−65,7%	18
Total 2018:	277 241 €	265 398 €	1,04 M €
2017 Q4	40 683 €	40 056 €	155 466 €−40,6%	16
2017 Q3	73 088 €	66 397 €	261 835 €+40,8%	13
2017 Q2	47 683 €	48 925 €	185 979 €+13,2%	13
2017 Q1	52 339 €	48 609 €	164 264 €−9,7%	14
Total 2017:	213 793 €	203 987 €	767 544 €
2016 Q4	21 559 €	23 291 €	181 997 €−35,0%	12
2016 Q3	34 132 €	35 821 €	279 904 €+28,2%	12
2016 Q2	45 094 €	27 948 €	218 386 €+8,7%	12
2016 Q1	28 930 €	25 711 €	200 905 €−20,8%	12
Total 2016:	129 715 €	112 771 €	881 192 €
2015 Q4	18 142 €	17 728 €	253 801 €+53,3%	10
2015 Q3	17 070 €	11 563 €	165 547 €+31,6%	10
2015 Q2	23 039 €	8 789 €	125 829 €+4,4%	10
2015 Q1	10 738 €	8 421 €	120 563 €	10
Total 2015:	68 989 €	46 501 €	665 740 €

Tax debts

No tax debt found

No tax debt as of 25.10.2026

Representatives

	Personal ID code
Veiki Kolk	37610XXXXXX	07.10.1976 (50)	Board member	05.09.2013	-

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Other persons

	Personal ID code
Alar Kolk	37402XXXXXX	05.02.1974 (52)	Chairman of the supervisory board	20.04.2022	-
Fred Krieger	37805XXXXXX	07.05.1978 (48)	Supervisory-board member	21.02.2022	-
Ivo Vaks	37510XXXXXX	09.10.1975 (51)	Supervisory-board member	21.02.2022	-

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Ultimate beneficial owners

	Personal ID code
Alar Kolk	37402XXXXXX	05.02.1974 (52)	Founder-rights holder, supervisory-board member, board member	05.05.2023	-
Fred Krieger	37805XXXXXX	07.05.1978 (48)	Founder-rights holder, supervisory-board member, board member	05.05.2023	-
Ivo Vaks	37510XXXXXX	09.10.1975 (51)	Founder-rights holder, supervisory-board member, board member	05.05.2023	-
Veiki Kolk	37610XXXXXX	07.10.1976 (50)	Founder-rights holder, supervisory-board member, board member	18.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 263 113 €
Monthly average: 87 704 €
Per employee: 21 926 €

Labour taxes

Turnover ratio: 6,81%
Tax ratio: 87,96%
Monthly average: 5 973 €
Per employee: 1 493 €

State taxes

Monthly average: 6 791 €
Turnover ratio: 7,74%

Estimated salary

Gross salary: 2 739 €
Net salary: 2 214 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	180 564 €−54,8%	399 814 €−16,3%	477 552 €+68,6%	283 242 €−47,2%	536 518 €−6,5%	573 587 €−38,7%	935 470 €
Non-current assets	5 120 €+25,5%	4 079 €−13,4%	4 712 €+83,1%	2 574 €−96,7%	77 294 €−33,5%	116 193 €+220%	36 279 €
Total assets	185 684 €−54,0%	403 893 €−16,3%	482 264 €+68,7%	285 816 €−53,4%	613 812 €−11,0%	689 780 €−29,0%	971 749 €
Short-term liabilities	199 487 €−35,9%	311 196 €−11,7%	352 465 €+30,1%	270 959 €−20,0%	338 820 €−10,7%	379 567 €−57,1%	883 935 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	199 487 €−35,9%	311 196 €−11,7%	352 465 €+30,1%	270 959 €−20,0%	338 820 €−10,7%	379 567 €−57,1%	883 935 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	-	-	-	-	-	-	-
Net profit	-	-	-	-	-	-	-
Equity	-	-	-	-	-	-	-
Turnover	-	-	-	-	-	-	-
Profit margin	-	-	-	-	-	-	-

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-248 511 €	-6 001 €
Liquidity
Current ratio	1,0	1,6
Quick ratio	1,0	1,6
Cash ratio	0,8	1,1
Efficiency
Days sales outstanding (dso)	-	-
Asset turnover	-	-
Structure
Debt ratio	0,9	0,6
Profitability
Operating margin	-	-
Net profit margin	-	-
Return on assets (roa)	-57,8%	-5,4%
Return on equity (roe)	-1 750,9%	-12,8%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


S 10187171 / M7	04.09.2024	Warning for deletion from register – annual report not filed	08.12.2024	Deficiencies remedied13.09.2024
S 10187171 / M6	27.07.2024	Warning for deletion from register – annual report not filed	30.10.2024	Deficiencies remedied24.08.2024
S 10187171 / 9	01.02.2023	Entry – Amendment entry	-	Entered into force01.02.2023
S 10187171 / 8	19.05.2022	Entry – Amendment entry	-	Entered into force19.05.2022
S 10187171 / M5	17.05.2022	Order to remedy deficiencies – Amendment entry	01.06.2022	Deficiencies remedied19.05.2022

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-17-9137/25	Kohtu I astme menetlus	Court rulingCompromise ruling	Labour law	Aleksandr Kondrašov	ECLI:EE:HMK:2017:2.17.9137.29384	27.12.2017	Open

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


09.02.2023	Tartu Ülikool	598 €Received	OPERATING EXPENSESTertiary education

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains

No domains found

Company has no valid .ee domains

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.