Saaremaa PiimaühistuRegistered
Going concern uncertainty. In the 2025 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Key figures
20 349 823 €+17,5%
Revenue 2025
+128,7%
Average annual growth 2019–2025
Ratios
2025−2,0%
Profit margin
−1,7%
EBITDA margin
13,6%
Equity ratio
1,0×
Current ratio
−50,3%
Return on equity
2900 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 4 604 854 € | 7 | 33 107 € |
| Q1 2026 | 3 926 318 € | 6 | 35 119 € |
| Q4 2025 | 4 683 107 € | 6 | 38 210 € |
| Q3 2025 | 5 587 652 € | 6 | 37 707 € |
| Q2 2025 | 5 385 621 € | 6 | 36 100 € |
| Q1 2025 | 4 901 779 € | 6 | 30 648 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 53 687 | 70 746 | 2 396 652 | 3 243 568 | 3 579 366 | 3 598 595 | 5 016 261 |
| Total non-current assets | 1 023 101 | 1 013 731 | 1 065 851 | 1 018 900 | 985 953 | 933 579 | 912 348 |
| Total assets | 1 076 788 | 1 084 477 | 3 462 503 | 4 262 468 | 4 565 319 | 4 532 174 | 5 928 609 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 71 000 | 65 588 | 2 328 921 | 3 114 932 | 3 290 540 | 3 154 619 | 5 119 845 |
| Non-current liabilities | 62 700 | 16 301 | 40 238 | 10 822 | 100 000 | 162 133 | 0 |
| Total liabilities | 133 700 | 81 889 | 2 369 159 | 3 125 754 | 3 390 540 | 3 316 752 | 5 119 845 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 194 205 | 221 006 | 280 506 | 371 262 | 414 632 | 452 697 | 493 340 |
| Profit for the year | 26 801 | 59 500 | 90 756 | 43 370 | 38 065 | 40 643 | −406 658 |
| Reserves and other equity | 719 526 | 719 526 | 719 526 | 719 526 | 719 526 | 719 526 | 719 526 |
| Total equity | 943 088 | 1 002 588 | 1 093 344 | 1 136 714 | 1 174 779 | 1 215 422 | 808 764 |
| Income statement | |||||||
| Sales revenue | 142 202 | 131 527 | 10 695 236 | 19 927 524 | 17 174 952 | 17 311 923 | 20 349 823 |
| Operating profit | 29 137 | 62 968 | 92 396 | 44 669 | 38 649 | 40 694 | −391 531 |
| EBITDA | 40 409 | 76 946 | 130 861 | 94 205 | 89 186 | 93 067 | −339 463 |
| Profit before income tax | 26 801 | 59 500 | 90 756 | 43 370 | 38 065 | 40 643 | −406 658 |
| Profit for the reporting year | 26 801 | 59 500 | 90 756 | 43 370 | 38 065 | 40 643 | −406 658 |
| Labour costs | 77 917 | 70 626 | 147 535 | 232 999 | 240 716 | 249 535 | 337 729 |
| Depreciation of non-current assets | 11 272 | 13 978 | 38 465 | 49 536 | 50 537 | 52 373 | 52 068 |
| Other indicators | |||||||
| Employees | 2 | 3 | 0 | 6 | 6 | 7 | 7 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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