Osaühing HORVEITRegistered
Qualified audit opinion. 2019 report: Qualified.
Key figures
537 153 €−12,6%
Revenue 2025
−17,8%
Average annual change 2019–2025
Ratios
20254,3%
Profit margin
20,0%
EBITDA margin
77,3%
Equity ratio
3,0×
Current ratio
2,7%
Return on equity
1249 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 66 650 € | 2 | 3653 € |
| Q1 2026 | 70 578 € | 2 | 2591 € |
| Q4 2025 | 84 149 € | 2 | 2030 € |
| Q3 2025 | 259 080 € | 2 | 13 993 € |
| Q2 2025 | 171 273 € | 2 | 17 647 € |
| Q1 2025 | 159 133 € | 2 | 17 701 € |
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 | 1 115 467 | 1 178 539 | 1 051 648 | 171 679 | 180 077 | 233 381 | 207 114 |
| Total non-current assets | 1 849 157 | 1 221 373 | 1 151 335 | 1 170 578 | 1 073 520 | 972 729 | 892 949 |
| Total assets | 2 964 624 | 2 399 912 | 2 202 983 | 1 342 257 | 1 253 597 | 1 206 110 | 1 100 063 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 678 953 | 493 113 | 322 049 | 180 725 | 106 382 | 104 280 | 69 792 |
| Non-current liabilities | 309 647 | 418 183 | 393 838 | 330 297 | 320 424 | 273 970 | 179 565 |
| Total liabilities | 988 600 | 911 296 | 715 887 | 511 022 | 426 806 | 378 250 | 249 357 |
| Share capital | 19 173 | 19 173 | 19 173 | 19 173 | 19 173 | 19 173 | 19 173 |
| Retained earnings of previous periods | 1 816 364 | 1 954 934 | 1 467 526 | 1 466 006 | 810 145 | 805 701 | 806 770 |
| Profit for the year | 138 570 | −487 408 | −1520 | −655 861 | −4444 | 1069 | 22 846 |
| Reserves and other equity | 1917 | 1917 | 1917 | 1917 | 1917 | 1917 | 1917 |
| Total equity | 1 976 024 | 1 488 616 | 1 487 096 | 831 235 | 826 791 | 827 860 | 850 706 |
| Income statement | |||||||
| Sales revenue | 1 741 079 | 439 036 | 581 566 | 693 647 | 558 575 | 614 806 | 537 153 |
| Operating profit | 152 913 | −477 342 | −5775 | −646 722 | 11 218 | 13 610 | 13 913 |
| EBITDA | 299 189 | −219 829 | 101 636 | −543 360 | 112 913 | 116 087 | 107 314 |
| Profit before income tax | 138 570 | −487 408 | −1520 | −655 861 | −4444 | 1069 | 22 846 |
| Profit for the reporting year | 138 570 | −487 408 | −1520 | −655 861 | −4444 | 1069 | 22 846 |
| Labour costs | 606 897 | 358 244 | 209 124 | 259 492 | 184 844 | 210 921 | 126 603 |
| Depreciation of non-current assets | 146 276 | 257 513 | 107 411 | 103 362 | 101 695 | 102 477 | 93 401 |
| Other indicators | |||||||
| Employees | 71 | 23 | 23 | 15 | 15 | 15 | 8 |
| 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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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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