SIA "InnovateIT Solutions"
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Legal status
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-Latest events
from (18/11/2021)
2026-06-01
Change in members2024-07-01
New entity was registeredSuspensions
No suspension
Register and unlock the potential of dataReliability
Register and check the change of employees’ number over the years
Number of employees
7Debts
0.00 €
0 €* during past year
Register and check if company had lawsuits over the years
Lawsuits as defendant
0
Credit limit
***** €
Turnover
1-1,5 M €0 %Business linkages
3Linkages with other companies
Financial ratios
Net Profit (€)
157,560
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization and is a metric used to evaluate a company’s operating performance. It can be seen as a proxy for cash flow from the entire company’s operations.EBITDA margin (%)
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with Freemium unlimitedEBIT margin shows the profitability of a company over a certain period of time.EBIT margin (%)
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with Freemium unlimitedNet Profit (€)
157,560EBITDA margin (%)
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| Indicator |
|---|
| Turnover (€) |
| Sales per employee (€)Sales per employee is a popular efficiency indicator that is often used to measure a company's performance. The average annual number of employees is usually used to calculate the indicator. |
| Profit before tax (€) |
| Net Profit (€) |
| Profit per employee (€)This ratio is on of company's growth indicators. It shows how much profit per employee is earned by the company. |
| Total profitability (%)It is an indicator of company's performance efficiency, calculated as ratio of gross profit to sales revenue. |
| Net profitability (%)This ratio is commonly referred to as a company’s “bottom line” and is a true indicator of a company’s profitability. It shows how much a net profit of € 1 (or other monetary unit) is generated by sales. |
| Equity (€) |
| Amounts Payable And Liabilities (€) |
| Non-current Assets (€) |
| Current Assets (€) |
| Working capital requirement (%)The working capital requirement indicator shows how much funds a company needs to develop and maintain a business. |
| Debt-to-equity ratioThe debt-to-equity ratio is used to evaluate a company's financial leverage and is calculated by dividing a company’s total liabilities by its shareholder equity.
This ratio is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. More specifically, it reflects the ability of shareholder equity to cover all outstanding debts in the event of a business downturn. |
| EBITDA margin (%)EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization and is a metric used to evaluate a company’s operating performance. It can be seen as a proxy for cash flow from the entire company’s operations. |
| EBITDA (€)EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. Lenders use EBITDA to calculate a company’s ability to repay a loan and pay interest. |
| EBIT margin (%)EBIT margin shows the profitability of a company over a certain period of time. |
| EBIT (€)EBIT (earnings before interest and taxes) is a company's net income before income tax expense and interest expenses are deducted. EBIT is used to analyze the performance of a company's core operations without the costs of the capital structure and tax expenses impacting profit. |
| 2025 |
|---|
| 1,062,182 |
| 151,740 |
| 170,536 |
| 157,560 |
| 22,509 |
| 27.84 |
| 14.83 |
| 160,360 |
| 62,346 |
| 14,275 |
| 208,431 |
Enjoy unlimited use
with Freemium unlimited| 2025 |
|---|
| 1,062,182 |
| 151,740 |
| 170,536 |
| 157,560 |
| 22,509 |
| 27.84 |
| 14.83 |
| 160,360 |
| 62,346 |
| 14,275 |
| 208,431 |
Enjoy unlimited use
with Freemium unlimitedTurnover (€)
2025
Turnover (€)
1,062,182 €
- *
Sales per employee (€)
151,740 €- *
Profit before tax (€)
170,536 €- *
Net Profit (€)
157,560 €- *
Profit per employee (€)
22,509 €- *
Total profitability (%)
27.84 %- *
Net profitability (%)
14.83 %- *
Equity (€)
160,360 €- *
Amounts Payable And Liabilities (€)
62,346 €- *
Non-current Assets (€)
14,275 €- *
Current Assets (€)
208,431 €- *
Credit history
No. of unpaid debts
0
Largest debt
VID
Amount of unpaid debts
€0.00
Oldest open debt
-
No. of unpaid debts
0
Largest debt
VID
Amount of unpaid debts
€0.00
Oldest open debt
-
Credit report
Creditor/Data source  | Debt amount | Debt date | Debt type |
|---|---|---|---|
- | - | - | - |
Creditor/Data source | Debt amount | Debt date | Payment date | Debt type |
|---|---|---|---|---|
- | - | - | - | - |
Legal proceedings
Defendant
(0)
Plaintiff
(0)
Case No./date | Process parties | Case/Court ruling | Court | No. of court hearings | More |
|---|---|---|---|---|---|
| - | - | - | - | - | - |
Case No./date | Process parties | Case/Court ruling | Court | No. of court hearings | More |
|---|---|---|---|---|---|
| - | - | - | - | - | - |
Public data
Data source | Information | Additional data |
|---|---|---|
 | Total amount of taxes administered by the SRS and paid by taxpayers within the tax year 2022 | No data provided by the national tax authority |
| Total amount of taxes administered by the SRS and paid by taxpayers within the tax year 2021 | No data provided by the national tax authority |
| Total amount of taxes administered by the SRS and paid by taxpayers within the tax year 2020 | No data provided by the national tax authority |
| Total amount of taxes administered by the SRS and paid by taxpayers within the tax year 2019 | No data provided by the national tax authority |
| Total amount of taxes administered by the SRS and paid by taxpayers within the tax year 2018
| No data provided by the national tax authority |
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6Frequently Asked Questions
What is the current status of SIA "InnovateIT Solutions"?
SIA "InnovateIT Solutions" is currently Registered. It was registered on 01/07/2024.
What is SIA "InnovateIT Solutions" registered address?
SIA "InnovateIT Solutions" registered address is Baznīcas iela 31 – 14, Rīga, LV-1010.
What is SIA "InnovateIT Solutions" activity?
SIA "InnovateIT Solutions" operates in Computer programming (62.10 - NACE 2.1).
How many employees does SIA "InnovateIT Solutions" have?
SIA "InnovateIT Solutions" has 7 employees (2025).
Is SIA "InnovateIT Solutions" a reliable company?
SIA "InnovateIT Solutions" Pre-Score* rating is B, which indicates a high level of reliability.
* The credit score is calculated based on financial data, payment history, and other risk indicators.What is the annual turnover of SIA "InnovateIT Solutions"?
SIA "InnovateIT Solutions" reported a turnover of 1,062,182 EUR in 2025.
Does SIA "InnovateIT Solutions" have any current state debt?
SIA "InnovateIT Solutions" currently has no outstanding state debt.