OÜ Saare Erek
RegisteredKey figures
Ratios
2024Summary: OÜ Saare Erek
What kind of company is it?
OÜ Saare Erek (registry code 10123057) is a private limited company (OÜ). The company was entered in the Commercial Register in 1996 and has been registered for 30 years. Registered location: Kuressaare linn, Saaremaa vald, Saare maakond. According to the latest annual report, the main activity is operation of gravel and sand pits; mining of clays and kaolin (EMTAK 08121). The company is registered for VAT (VAT number EE100483307).
How is the company doing financially?
Revenue in financial year 2024 was 390 677 €, down 53,1% on the previous year (832 616 €). From 2019 to 2024, revenue declined by an average of 34,9% per year. This is the company's lowest revenue among the published years (2019–2024). Financial year 2024 ended with a loss of 1 058 862 €. The company was profitable in 1 of the 6 published financial years. In financial year 2024 the company had 5 employees (21 a year earlier). Revenue per employee was 78 135 €.
What do the latest quarters show?
According to the Tax and Customs Board, the company declared no turnover in Q3 2026. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1200 € per month.
Who runs the company and who owns it?
According to the register, the company has 27 owners. The largest stake (81%) is held by AS HOLOSTOVI KINNISVARAHALDUS.
What should you look out for?
The annual report for financial year 2025 has not been filed on time. Equity was negative at the end of financial year 2024 (−1 542 740 €). Equity is below half of the share capital (11 000 €); in this case the Commercial Code requires measures to restore equity.
Where does the data come from and how fresh is it?
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2024) was filed on 10.07.2025. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 0 € | 1 | 1745 € |
| Q2 2026 | 0 € | 1 | 5151 € |
| Q1 2026 | 0 € | 1 | 2958 € |
| Q4 2025 | 21 165 € | 1 | 2178 € |
| Q3 2025 | 48 007 € | 2 | 2883 € |
| Q2 2025 | 5084 € | 3 | 8954 € |
| Q1 2025 | −23 032 € | 3 | 5249 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Sales revenue | 3 015 980 | 3 903 495 | 2 798 811 | 832 616 | 390 677 |
| Net profit | −568 511 | −91 613 | −350 450 | −389 642 | −1 058 862 |
| Retained earnings | 153 851 | −414 660 | −506 273 | −856 722 | −494 878 |
| Total assets | 3 787 287 | 3 882 042 | 3 653 583 | 3 505 048 | 2 379 770 |
| Total liabilities | 3 439 462 | 3 625 830 | 3 747 821 | 3 988 927 | 3 922 510 |
| Total equity | 347 825 | 256 212 | −94 238 | −483 879 | −1 542 740 |
| Employees | 49 | 49 | 31 | 21 | 5 |
| Average gross salary (monthly) | 1153 | 1100 | 1435 | 1070 | 2051 |
| Calculated dividend | 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.
Risks and obligations2 issues1 note1 for information4 clear
Data from public registers, not a credit rating.
Connections graph8 of 27 people
Click a node to see its other connections.
The graph shows the largest/first people in each role (8 of 27). All connections are listed on the “Related people” card.
State aid and grants
27 recordsState aid and de minimis aid in total 730 219 € (2015–2021). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (712 769 €), Eesti Töötukassa (9950 €), SA Keskkonnainvesteeringute Keskus (7500 €).
Show all aid records (27)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 5135 € | 02.02.2021 |
| Eesti Töötukassa | Palgatoetus VTA | 360 € | 08.01.2021 |
| Eesti Töötukassa | Palgatoetus VTA | 361 € | 01.01.2021 |
| Eesti Töötukassa | Palgatoetus VTA | 2658 € | 22.05.2020 |
| Eesti Töötukassa | Palgatoetus VTA | 750 € | 17.01.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 120 644 € | 10.10.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele messidel osalemiseks antav abi (artikkel 19) | 61 250 € | 10.10.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Teadus- ja arendusprojektidele antav abi (artikkel 25 lõike 2 punkt c) - tootearendus | 117 452 € | 10.10.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Protsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29) | 15 435 € | 10.10.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitusabi | 4200 € | 10.10.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele antav innovatsiooniabi (artikkel 28) | 7000 € | 10.10.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 13 500 € | 01.04.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Innovatsiooniklastritele antav abi (artikkel 27) - tegevusabi | 0 € | 01.04.2019 |
| Eesti Töötukassa | Palgatoetus VTA | 361 € | 09.01.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Nõustamine VTA | 1100 € | 29.11.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Nõustamine VTA | 1100 € | 12.09.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 43 750 € | 01.02.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele messidel osalemiseks antav abi (artikkel 19) | 34 799 € | 01.02.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Teadus- ja arendusprojektidele antav abi (artikkel 25 lõike 2 punkt c) - tootearendus | 202 631 € | 01.02.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Protsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29) | 37 172 € | 01.02.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitusabi | 2100 € | 01.02.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele antav innovatsiooniabi (artikkel 28) | 25 200 € | 01.02.2018 |
| SA Keskkonnainvesteeringute Keskus | Nõustamine VTA | 7500 € | 23.11.2017 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 696 € | 14.02.2017 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Arendusosak | 19 600 € | 05.04.2016 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 5140 € | 04.12.2015 |
| Eesti Töötukassa | Palgatoetus VTA | 325 € | 06.07.2015 |
Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗
Annual reportsPDF, XBRL
Loading list of reports…
Source: e-Business Register (RIK). Files open/download directly from the official register.