Ettevõtluse ja Innovatsiooni Sihtasutus

Active Registry code 90006012 SA Tallinn Registered 25 Aug 2000

Ettevõtluse ja Innovatsiooni Sihtasutus is a SA based in Tallinn, registry code 90006012, status: active. Main activity: Activities auxiliary to insurance and pension funding n.e.c.. According to EMTA, turnover for Q3 2026 was €1 107 558 with 506 employees.

Turnover

1 107 558 €

↓ 20.4% vs Q2 2026

State taxes

2 025 350 €

↓ 29.0% vs Q2 2026

Labour taxes

1 881 550 €

↓ 30.5% vs Q2 2026

Employees

506

+17 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Activities auxiliary to financial services and insurance activities · EMTAK 66

Turnover · Q3 2026 1.1 mn €

above 98% of companies

industry median 13 814 € · companies in the industry: 339
Labour taxes per employee 3 718 €

above 63% of companies

industry median 2 338 € · companies in the industry: 272
Revenue · 2025 0 €

above 5% of companies

industry median 3 200 € · companies in the industry: 1 215

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 107 558 € · −20.4% vs Q2 2026 · industry median 13 814 € · above 98% of the industry

Company
Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 3 718 € · −32.8% vs Q2 2026 · industry median 2 338 € · above 63% of the industry

Company
Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 506 · +3.5% vs Q2 2026

State taxes, € thousand Q3 2026: 2 025 350 € · −29.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 107 558	2 025 350	1 881 550	506
Q2 2026	1 390 917	2 850 630	2 707 383	489
Q1 2026	1 682 944	2 317 314	2 034 404	457
Q4 2025	1 513 661	2 486 852	2 187 465	606
Q3 2025	1 346 154	2 280 748	2 134 564	615
Q2 2025	1 364 056	3 172 168	3 102 680	602
Q1 2025	2 154 119	2 618 494	2 266 815	576
Q4 2024	1 490 155	2 493 530	2 229 570	652
Q3 2024	1 588 771	2 345 111	2 115 924	612
Q2 2024	1 406 863	2 915 269	2 712 118	608
Q1 2024	2 377 181	2 648 025	2 238 962	573
Q4 2023	1 494 945	2 571 386	2 318 840	597
Q3 2023	1 685 648	2 327 068	2 060 176	575
Q2 2023	1 343 079	2 503 008	2 298 216	551
Q1 2023	1 679 236	2 258 943	2 003 657	526
Q4 2022	1 136 227	2 031 749	1 805 262	502
Q3 2022	1 183 228	1 848 325	1 663 074	478
Q2 2022	3 242 621	2 532 897	1 959 702	391
Q1 2022	418 601	1 159 995	1 141 018	395

Labour taxes per employee per month

1 239 €

Turnover per employee in the quarter

2 189 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € 2025: 0 € · industry median 3 200 € · above 5% of the industry

Company
Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2024: 12 239 000 € · +11.9% vs 2023 · industry median 165 € · above 98% of the industry

Company
Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, mn € 2024: 557 231 000 € · +2.2% vs 2023

Equity, mn € 2024: 317 323 000 € · +24.4% vs 2023

Employees 2025: 380 · −6.6% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	0	—	—	—	—	380
2024	0	12 239 000	25 748 000	557 231 000	317 323 000	407
2023	0	10 934 000	23 369 000	545 179 000	255 085 000	392
2022	0	—	—	544 855 858	—	364
2021	0	—	—	952 386 141	—	52
2020	0	1 215 078	—	968 736 001	127 807 577	46
2019	0	3 874 985	—	203 201 341	126 592 498	40
2018	—	—	—	—	—	39
2017	—	—	—	—	—	38
2016	—	—	—	—	—	35
2015	—	—	—	—	—	33
2014	—	—	—	—	—	34
2013	—	—	—	—	—	35
2012	—	—	—	—	—	36
2011	—	—	—	—	—	36
2009	—	—	—	—	—	32
2008	—	—	—	—	—	27
2007	—	—	—	—	—	26
2005	—	—	—	—	—	26
2004	—	—	—	—	—	29
2003	—	—	—	—	—	25
2000	—	—	—	—	—	5

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2024

Net profit margin

16.6 %

Net profit / revenue

Return on equity (ROE)

3.9 %

Net profit / equity

Return on assets (ROA)

2.2 %

Net profit / assets

Equity ratio

56.9 %

Equity / assets

Debt ratio

43.1 %

Liabilities / assets

Current ratio

22.48

Current assets / current liabilities

Revenue per employee

180 720 €

Revenue / average full-time employees

Labour cost per employee per month

5 272 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	15 May 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	31 Mar 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	28 Mar 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	16 Nov 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	18 Dec 2023	Consolidated · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Consolidated · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	4 Jun 2020	Consolidated · audited	e-Äriregister

Board

Ursel Velve
Board member · since 22 May 2025
Mari-Liis Küppar
Board member · since 25 Sep 2025
Ivar Pae
Board member · since 25 Feb 2026
Evert Rööpson
Board member · since 3 Jul 2026

Right of representation

Any member of the management board may represent the foundation in all transactions.

Owners

No owner information.

Beneficial owners

Rait Rebane
Exercises founder’s rights, supervisory or management board member · since 10 Apr 2026
Ivar Pae
Exercises founder’s rights, supervisory or management board member · since 13 Feb 2026
Mari-Liis Küppar
Exercises founder’s rights, supervisory or management board member · since 15 Sep 2025
Erkki Raasuke
Exercises founder’s rights, supervisory or management board member · since 11 Jun 2025
Ursel Velve
Exercises founder’s rights, supervisory or management board member · since 11 Jun 2025
Hando Sutter
Exercises founder’s rights, supervisory or management board member · since 17 Dec 2024
Taavi Tamkivi
Exercises founder’s rights, supervisory or management board member · since 10 Feb 2023
Renno Veinthal
Exercises founder’s rights, supervisory or management board member · since 30 Dec 2021

Founders and other persons

Eesti Vabariik, Majandusministeerium
Founder · 100 € · 25 Aug 2000
KPMG Baltics OÜ
Audit firm · 24 Mar 2019
Erkki Raasuke
Chairman of the supervisory board · 12 Feb 2025
Hando Sutter
Supervisory board member · 12 Oct 2024
Renno Veinthal
Supervisory board member · 20 Dec 2024
Taavi Tamkivi
Supervisory board member · 18 Feb 2026
Rait Rebane
Supervisory board member · 30 Mar 2026
Merike Saks
Supervisory board member · 1 Jun 2026
Sandra Särav-Tammus
Supervisory board member · 1 Aug 2026

shared board members, owners or beneficial owners

Activities (EMTAK)

66291Activities auxiliary to insurance and pension funding n.e.c. Main

Rulings 60

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
S 10050694 / 50 24 Sep 2026	Amendment entry		In force 24 Sep 2026	PDF
S 10050694 / 49 3 Jul 2026	Amendment entry		In force 3 Jul 2026	PDF
S 10050694 / M17 23 Apr 2026	Ruling to eliminate deficiencies in the annual report	23 May 2026	Deficiencies eliminated 29 Jun 2026	PDF
S 10050694 / M16 10 Apr 2026	Ruling to eliminate deficiencies in the annual report	10 May 2026	Deficiencies eliminated 29 Jun 2026	PDF
S 10050694 / 48 25 Feb 2026	Amendment entry		In force 25 Feb 2026	PDF
S 10050694 / 47 17 Feb 2026	Amendment entry		In force 17 Feb 2026	PDF
S 10050694 / 46 8 Oct 2025	Amendment entry		In force 8 Oct 2025	PDF
S 10050694 / 45 25 Sep 2025	Amendment entry		In force 25 Sep 2025	PDF
S 10050694 / 44 22 Aug 2025	Amendment entry		In force 22 Aug 2025	PDF
S 10050694 / 43 22 May 2025	Amendment entry		In force 22 May 2025	PDF
S 10050694 / 42 28 Jan 2025	Amendment entry		In force 28 Jan 2025	PDF
S 10050694 / M15 17 Jan 2025	Ruling to eliminate deficiencies	1 Feb 2025	Deficiencies eliminated 28 Jan 2025	PDF
S 10050694 / M14 15 Jan 2025	Procedural ruling	25 Jan 2025	Deficiencies eliminated 15 Jan 2025	PDF
S 10050694 / 41 2 Oct 2024	Amendment entry		In force 2 Oct 2024	PDF
S 10050694 / M13 3 May 2024	Ruling to correct data outside an entry	17 May 2024	Deficiencies eliminated 6 May 2024	PDF
S 10050694 / 40 9 Apr 2024	Amendment entry		In force 9 Apr 2024	PDF
S 10050694 / 39 11 Mar 2024	Amendment entry		In force 11 Mar 2024	PDF
S 10050694 / 38 29 Jan 2024	Amendment under Code of Civil Procedure § 595¹ (1)		In force 29 Jan 2024	PDF
S 10050694 / 37 15 Jan 2024	Amendment entry		In force 15 Jan 2024	PDF
S 10050694 / M12 3 Jan 2024	Procedural ruling		In force 3 Jan 2024	PDF
S 10050694 / M11 19 Dec 2023	Ruling to correct data outside an entry	2 Jan 2024	In force 19 Dec 2023	PDF
S 10050694 / 36 18 Dec 2023	Amendment entry		In force 18 Dec 2023	PDF
S 10050694 / M10 17 Nov 2023	Ruling to eliminate deficiencies in the annual report	17 Dec 2023	Deficiencies eliminated 18 Dec 2023	PDF
S 10050694 / 35 16 Nov 2023	Amendment entry		In force 16 Nov 2023	PDF
S 10050694 / M9 3 Nov 2023	Procedural ruling	17 Nov 2023	Deficiencies eliminated 16 Nov 2023	PDF
S 10050694 / 34 25 Oct 2023	Amendment entry		In force 25 Oct 2023	PDF
S 10050694 / 33 28 Apr 2023	Amendment entry		In force 28 Apr 2023	PDF
S 10050694 / 32 13 Apr 2023	Amendment under Code of Civil Procedure § 595¹ (1)		In force 13 Apr 2023	PDF
S 10050694 / 31 1 Feb 2023	Amendment entry		In force 1 Feb 2023	PDF
S 10050694 / 30 28 Nov 2022	Amendment under Commercial Code § 525 (2)		In force 28 Nov 2022	PDF
S 10050694 / 29 21 Oct 2022	Amendment entry		In force 21 Oct 2022	PDF
S 10050694 / 28 18 Jul 2022	Amendment entry		In force 18 Jul 2022	PDF
S 10050694 / 27 26 Jan 2022	Amendment entry		In force 26 Jan 2022	PDF
S 10050694 / 26 12 Jan 2022	Amendment entry		In force 12 Jan 2022	PDF
S 10050694 / 25 7 Jan 2022	Amendment entry		In force 7 Jan 2022	PDF
S 10050694 / M8 4 Jan 2022	Ruling to eliminate deficiencies	18 Jan 2022	Deficiencies eliminated 7 Jan 2022	PDF
S 10050694 / 24 4 Jan 2022	Second (constitutive) merger entry		In force 4 Jan 2022	PDF
S 10050694 / 23 15 Dec 2021	Amendment entry		In force 15 Dec 2021	PDF
S 10050694 / 22 3 Dec 2020	Amendment entry		In force 3 Dec 2020	PDF
S 10050694 / 21 9 Nov 2020	Amendment entry		In force 9 Nov 2020	PDF
S 10050694 / 20 11 May 2020	Amendment entry		In force 11 May 2020	PDF
S 10050694 / M7 27 Jun 2019	Procedural ruling	27 Jul 2019	In force 27 Jun 2019	PDF
S 10050694 / M6 20 Jul 2018	Procedural ruling	19 Aug 2018	In force 20 Jul 2018	PDF
S 10050694 / 19 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
S 10050694 / 18 6 Apr 2017	Amendment entry		In force 6 Apr 2017	PDF
S 10050694 / 17 14 Sep 2016	Amendment entry		In force 14 Sep 2016	PDF
S 10050694 / 16 14 May 2015	Amendment entry		In force 14 May 2015	PDF
S 10050694 / M5 5 May 2015	Ruling to eliminate deficiencies	4 Jun 2015	Deficiencies eliminated 14 May 2015	PDF
S 10050694 / 15 9 Jun 2014	Amendment entry		In force 9 Jun 2014	PDF
S 10050694 / 14 27 Mar 2013	Amendment entry		In force 27 Mar 2013	PDF
S 10050694 / M4 22 Mar 2012	Warning of deletion from the register: annual report not filed		Deficiencies eliminated 22 Mar 2012	PDF
S 10050694 / 13 11 May 2011	Amendment entry		In force 11 May 2011	PDF
S 10050694 / 12 6 Jul 2010	Amendment entry		In force 6 Jul 2010	PDF
S 10050694 / 11 19 Mar 2010	Amendment under Commercial Code § 525 (2)		In force 19 Mar 2010	PDF
S 50694 / 10 10 Aug 2009	Amendment entry		In force 10 Aug 2009	PDF
S 50694 / 9 11 Apr 2007	Amendment entry		In force 16 Apr 2007	PDF
S 50694 / 8 11 Apr 2005	Amendment entry		In force	PDF
S 50694 / 7 21 Sep 2004	Amendment entry		In force	PDF
S 50694 / M3 4 Jul 2002	Refund of the state fee		In force	PDF
S 50694 / 6 4 Jul 2002	Unpublished amendment entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data

Ettevõtluse ja Innovatsiooni Sihtasutus

Position in the industry Activities auxiliary to financial services and insurance activities · EMTAK 66

Taxes and turnover

Financials by year

Financial ratios for 2024

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 60