Innovation Academy Sihtasutus
Active Registry code 90012509
SA Tallinn Registered 5 Sep 2013
Innovation Academy Sihtasutus is a SA based in Tallinn, registry code 90012509, status: active. Main activity: Other education n.e.c.. According to EMTA, turnover for Q3 2026 was €263 113 with 4 employees.
Turnover
263 113 €
↓ 50.2% vs Q2 2026
State taxes
20 374 €
↓ 1.3% vs Q2 2026
Labour taxes
17 920 €
↓ 16.7% vs Q2 2026
Employees
4
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 263 113 €above 98% of companiesindustry median 8 170 € · companies in the industry: 1 274
- Labour taxes per employee 4 480 €above 98% of companiesindustry median 1 198 € · companies in the industry: 2 039
- Revenue · 2025 0 €above 5% of companiesindustry median 2 265 € · companies in the industry: 7 180
Taxes and turnover
- Company
- Industry median
Industry: Education (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Education (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 263 113 | 20 374 | 17 920 | 4 |
| Q2 2026 | 528 306 | 20 632 | 21 502 | 4 |
| Q1 2026 | 363 319 | 22 826 | 25 123 | 3 |
| Q4 2025 | 199 106 | 29 888 | 29 270 | 4 |
| Q3 2025 | 232 917 | 32 992 | 27 553 | 4 |
| Q2 2025 | 654 610 | 34 291 | 36 572 | 5 |
| Q1 2025 | 206 747 | 27 990 | 29 061 | 6 |
| Q4 2024 | 230 638 | 37 917 | 39 762 | 6 |
| Q3 2024 | 211 241 | 42 804 | 42 204 | 7 |
| Q2 2024 | 731 249 | 37 528 | 39 942 | 7 |
| Q1 2024 | 178 499 | 38 546 | 38 787 | 8 |
| Q4 2023 | 271 990 | 44 259 | 46 726 | 8 |
| Q3 2023 | 350 423 | 27 785 | 29 875 | 8 |
| Q2 2023 | 708 930 | 29 992 | 32 282 | 7 |
| Q1 2023 | 221 742 | 35 088 | 36 441 | 8 |
| Q4 2022 | 164 728 | 44 982 | 39 986 | 7 |
| Q3 2022 | 327 771 | 33 465 | 34 518 | 7 |
| Q2 2022 | 590 312 | 74 100 | 50 982 | 5 |
| Q1 2022 | 230 381 | 48 797 | 46 153 | 6 |
Labour taxes per employee per month
1 493 €
Turnover per employee in the quarter
65 778 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Education (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Education (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Education (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 0 | -13 871 | 271 330 | 185 684 | -13 803 | 5 |
| 2024 | 0 | -37 102 | 350 947 | 403 893 | 92 697 | 6 |
| 2023 | 0 | 114 942 | 354 848 | 482 264 | 129 799 | 8 |
| 2022 | 0 | -260 135 | 381 187 | 285 816 | 14 857 | 7 |
| 2021 | 0 | -35 221 | 359 427 | 613 812 | 274 992 | 7 |
| 2020 | 0 | 222 399 | 434 398 | 689 780 | 310 213 | 9 |
| 2019 | 0 | 16 628 | 621 903 | 971 749 | 87 814 | 17 |
| 2018 | — | — | — | — | — | 17 |
| 2017 | — | — | — | — | — | 18 |
| 2016 | — | — | — | — | — | 12 |
| 2015 | — | — | — | — | — | 10 |
| 2014 | — | — | — | — | — | 3 |
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2025
Net profit margin
-1.2 %
Net profit / revenue
Return on assets (ROA)
-7.5 %
Net profit / assets
Equity ratio
-7.4 %
Equity / assets
Debt ratio
107.4 %
Liabilities / assets
Current ratio
0.91
Current assets / current liabilities
Revenue per employee
226 079 €
Revenue / average full-time employees
Labour cost per employee per month
4 522 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 10 Jul 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 25 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 12 Sep 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 26 Sep 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 23 Sep 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 29 Jun 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 8 Jul 2020 | Company’s own · audited | e-Äriregister |
Board
- Veiki KolkBoard member · since 5 Sep 2013
Right of representation
Any member of the management board may represent the foundation in all transactions.
Owners
No owner information.
Beneficial owners
- Alar KolkExercises founder’s rights, supervisory or management board member · since 5 May 2023
- Fred KriegerExercises founder’s rights, supervisory or management board member · since 5 May 2023
- Ivo VaksExercises founder’s rights, supervisory or management board member · since 5 May 2023
- veiki kolkExercises founder’s rights, supervisory or management board member · since 18 Oct 2018
Founders and other persons
- Alar KolkChairman of the supervisory board · 20 Apr 2022
- Fred KriegerSupervisory board member · 21 Feb 2022
- Ivo VaksSupervisory board member · 21 Feb 2022
Related companies
Activities (EMTAK)
- 85599Other education n.e.c. Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| S 10187171 / M7 4 Sep 2024 |
Warning of deletion from the register: annual report not filed | 8 Dec 2024 | Deficiencies eliminated 13 Sep 2024 |
|
| S 10187171 / M6 27 Jul 2024 |
Warning of deletion from the register: annual report not filed | 30 Oct 2024 | Deficiencies eliminated 24 Aug 2024 |
|
| S 10187171 / 9 1 Feb 2023 |
Amendment entry | In force 1 Feb 2023 |
||
| S 10187171 / 8 19 May 2022 |
Amendment entry | In force 19 May 2022 |
||
| S 10187171 / M5 17 May 2022 |
Ruling to eliminate deficiencies | 1 Jun 2022 | Deficiencies eliminated 19 May 2022 |
|
| S 10187171 / 7 12 Apr 2022 |
Entry refused: deficiencies not eliminated | In force 13 May 2022 |
||
| S 10187171 / M4 23 Mar 2022 |
Ruling to eliminate deficiencies | 6 Apr 2022 | In force 23 Mar 2022 |
|
| S 10187171 / M3 26 Sep 2019 |
Ruling to correct data outside an entry | 6 Oct 2019 | Deficiencies eliminated 17 Oct 2019 |
|
| S 10187171 / 6 30 Nov 2018 |
Amendment entry | In force 30 Nov 2018 |
||
| S 10187171 / M2 12 Mar 2018 |
Ruling to correct data outside an entry | 11 Apr 2018 | Deficiencies eliminated 4 Apr 2018 |
|
| S 10187171 / 5 6 Dec 2017 |
Amendment entry | In force 6 Dec 2017 |
||
| S 10187171 / M1 23 Aug 2017 |
Ruling to correct data outside an entry | 12 Sep 2017 | Deficiencies eliminated 5 Sep 2017 |
|
| S 10187171 / 4 27 Mar 2017 |
Amendment under Commercial Code § 525 (2) | In force 27 Mar 2017 |
||
| S 10187171 / 3 18 Feb 2016 |
Amendment under Commercial Code § 525 (2) | In force 18 Feb 2016 |
||
| S 10187171 / 2 27 Aug 2014 |
Amendment under Commercial Code § 525 (2) | In force 27 Aug 2014 |
||
| S 10187171 5 Sep 2013 |
First entry | In force 5 Sep 2013 |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data