Company · 74.99 · Other professional, scientific and technical activities

SIA Innovative Travel Solutions

Address confidence: Confirmed

Show on the map Find website Sector: Professional and scientific

Turnover · 2025

11.7 M €

0% vs previous year

Employees

244

Turnover per employee: 48 k €

Taxes paid · 2024

3.0 M €

Payroll fund / employees: 25 k €

Payroll fund · 2024 estimate

6.2 M €

Wage estimate, gross: 1,993 €

Tax breakdown · 2026 Q3

Total paid to VID 813 k €

Personal income tax 335 k €

Social contributions 534 k €

VAT paid · after deductions 0 €

VAT refunded by the state 59 k €

Money paid to and returned by the tax office during the quarter, not tax charged. VAT on purchases is already deducted inside the payment — it does not appear here separately. A refund arises only when deductions exceed the VAT charged on sales: for exporters, intra-EU suppliers, and under the domestic reverse charge (construction, timber, scrap metal), not for every company with large purchases. Compare with the turnover of the same quarter, not of the year.

Quarterly history

Quarter	Total paid to VID	Personal income tax	Social contributions	VAT paid · after deductions	VAT refunded by the state
2026 Q3	813 k €	335 k €	534 k €	0 €	59 k €
2026 Q2	278 k €	102 k €	308 k €	27 k €	159 k €
2026 Q1	1.4 M €	510 k €	951 k €	0 €	74 k €
2025 Q4	1.3 M €	461 k €	858 k €	68 k €	135 k €
2024	3.0 M €	1.2 M €	2.1 M €	—	—
2023	3.3 M €	1.2 M €	2.3 M €	—	—
2022	2.7 M €	952 k €	1.8 M €	—	—

Financial health · From the 2025 balance sheet

Net profit852 k €

Total assets5.7 M €

Equity2.9 M €

Current ratio2.0

Quick ratio2.0

Debt to equity0.9

Equity ratio51.9%

Return on assets15.0%

Return on equity28.9%

Cross-section against the peer median

Compared with companies under NACE code 74.99 — 24.

Turnover

×6.6

11.7 M € 1.8 M €

Employees

×15

244 17

Taxes paid

×8.9

813 k € 92 k €

Payroll

×15

6.2 M € 418 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 88% of peers

Employees

above 92% of peers

This company Peer median · 24

Indicators

Turnover per employee 48 k € ×0.4 of the median

Margin 7.3%

Year on year 0%

Payroll fund estimate 6.2 M €

Registration number 50203225661

Registered address Rīga, Jeruzalemes iela 1

panel.caveats

Building coordinate from the State Address Register. Figures come from public registers. Wage, export share and address confidence are estimates and are always labelled as such.

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Filed annual reports

Figures the company filed itself. Bar length shows size within the column; the longest is its best year. An empty cell means no report for that year — not a zero.

Year	Turnover	Net profit	Assets	Employees
2025	11.7 M €	852 k €	5.7 M €	244
2024	11.8 M €	787 k €	4.9 M €	278
2023	11.1 M €	727 k €	2.9 M €	311
2022	8.5 M €	494 k €	1.6 M €	246
2021	2.0 M €	91 k €	485 k €	64
2020	268 k €	40 k €	55 k €	16

Source: annual reports from the Register of Enterprises, as filed. A missing year is a missing report, not a loss.

Foreign trade of the industry · 2025

All companies in division 74 — Other professional, scientific and technical activities — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

10.6 M €

Industry goods imports

14.0 M €

Exported most: Miscellaneous manufactured articles — 4.6 M €, Textiles and textile articles — 2.3 M €, Machinery and electrical equipment — 1.5 M €

Source: Official Statistics of Latvia, table ATN011, goods trade by the activity of the trading enterprise. “Not published” means the figure would identify a single firm — it is not a zero.