aktsiaselts Tartu VeevärkRegistered
Qualified audit opinion. 2021 report: Qualified.
Key figures
14 974 244 €+0,7%
Revenue 2025
+4,5%
Average annual growth 2019–2025
Ratios
202514,2%
Profit margin
50,5%
EBITDA margin
62,6%
Equity ratio
1,4×
Current ratio
3,0%
Return on equity
2243 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 4 457 883 € | 87 | 310 932 € |
| Q1 2026 | 4 362 337 € | 87 | 343 327 € |
| Q4 2025 | 4 746 677 € | 90 | 316 231 € |
| Q3 2025 | 4 481 987 € | 87 | 337 123 € |
| Q2 2025 | 4 524 322 € | 91 | 333 605 € |
| Q1 2025 | 4 527 639 € | 92 | 345 977 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
No dividends were distributed.
History
20250 €
2024300 000 €
20230 €
20220 €
2021500 000 €
2020500 000 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 4 065 864 | 4 261 479 | 4 180 437 | 3 689 987 | 4 943 274 | 4 607 033 | 6 232 871 |
| Total non-current assets | 88 590 852 | 91 869 885 | 99 160 623 | 100 564 323 | 102 253 310 | 104 556 347 | 108 005 676 |
| Total assets | 92 656 716 | 96 131 364 | 103 341 060 | 104 254 310 | 107 196 584 | 109 163 380 | 114 238 547 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 3 954 617 | 4 421 436 | 4 738 054 | 4 595 755 | 4 816 462 | 4 444 793 | 4 599 956 |
| Non-current liabilities | 29 990 902 | 30 430 985 | 35 301 176 | 35 654 234 | 35 448 985 | 35 373 450 | 38 164 056 |
| Total liabilities | 33 945 519 | 34 852 421 | 40 039 230 | 40 249 989 | 40 265 447 | 39 818 243 | 42 764 012 |
| Share capital | 6 419 181 | 6 419 181 | 6 419 181 | 6 419 181 | 6 419 181 | 6 419 181 | 6 419 181 |
| Retained earnings of previous periods | 24 082 985 | 26 247 988 | 28 815 734 | 31 338 621 | 32 041 112 | 34 667 928 | 37 381 928 |
| Profit for the year | 2 665 003 | 3 067 746 | 2 522 887 | 702 491 | 2 926 816 | 2 714 000 | 2 129 398 |
| Reserves and other equity | 25 544 028 | 25 544 028 | 25 544 028 | 25 544 028 | 25 544 028 | 25 544 028 | 25 544 028 |
| Total equity | 58 711 197 | 61 278 943 | 63 301 830 | 64 004 321 | 66 931 137 | 69 345 137 | 71 474 535 |
| Income statement | |||||||
| Sales revenue | 11 516 573 | 11 768 531 | 12 108 386 | 12 684 306 | 14 678 235 | 14 877 176 | 14 974 244 |
| Operating profit | 2 748 012 | 3 172 997 | 2 623 857 | 740 527 | 3 015 647 | 2 855 540 | 2 192 447 |
| EBITDA | 7 057 554 | 7 835 149 | 7 304 618 | 5 791 653 | 8 237 774 | 8 108 429 | 7 564 522 |
| Profit before income tax | 2 775 468 | 3 163 676 | 2 604 282 | 702 491 | 2 926 816 | 2 774 465 | 2 129 398 |
| Profit for the reporting year | 2 665 003 | 3 067 746 | 2 522 887 | 702 491 | 2 926 816 | 2 714 000 | 2 129 398 |
| Labour costs | 2 042 133 | 2 138 600 | 2 190 651 | 2 509 848 | 2 791 838 | 2 895 996 | 3 189 423 |
| Depreciation of non-current assets | 4 309 542 | 4 662 152 | 4 680 761 | 5 051 126 | 5 222 127 | 5 252 889 | 5 372 075 |
| Other indicators | |||||||
| Employees | 87 | 86 | 84 | 90 | 90 | 90 | 90 |
| Calculated dividend | — | 500 000 | 500 000 | 0 | 0 | 300 000 | 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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Source: e-Business Register (RIK). Files open/download directly from the official register.
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