Heidelberg Materials Kunda AS
RegisteredKey figures
Ratios
2025Summary: Heidelberg Materials Kunda AS
What kind of company is it?
Heidelberg Materials Kunda AS (registry code 10156772) is a public limited company (AS). The company was entered in the Commercial Register in 1997 and has been registered for 29 years. Registered location: Kunda linn, Viru-Nigula vald, Lääne-Viru maakond. According to the latest annual report, the main activity is manufacture of cement (EMTAK 23511). The company is registered for VAT (VAT number EE100463327).
How is the company doing financially?
Revenue in financial year 2025 was 32 248 000 €, up 13,6% on the previous year (28 393 000 €). From 2019 to 2025, revenue declined by an average of 4,3% per year. Net profit for financial year 2025 was 1 243 000 € (3,9% of revenue). The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 74 employees (89 a year earlier). Revenue per employee was 435 784 €. At the end of financial year 2025, total assets were 34 787 000 € and equity 26 951 000 € (77,5% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 17 344 222 €, up 68,8% on the same quarter a year earlier. The company had 65 employees in that quarter. Labour taxes paid in the quarter: 484 639 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4450 € per month.
Who runs the company and who owns it?
The company has one management board member. The supervisory board has 5 members.
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 2025) was filed on 27.05.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (984500473BE3C7FK6012) comes from the GLEIF database. 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 | 17 344 222 € | 65 | 484 639 € |
| Q2 2026 | 11 947 636 € | 66 | 740 596 € |
| Q1 2026 | 5 756 042 € | 66 | 426 417 € |
| Q4 2025 | 10 509 007 € | 66 | 437 009 € |
| Q3 2025 | 10 276 876 € | 67 | 486 949 € |
| Q2 2025 | 9 266 879 € | 67 | 1 174 238 € |
| Q1 2025 | 5 948 501 € | 89 | 503 891 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 34 299 000 | 40 249 000 | 37 794 000 | 28 393 000 | 32 248 000 |
| Net profit | −2 728 000 | 61 000 | 3 966 000 | 462 000 | 1 243 000 |
| Retained earnings | 40 863 000 | 28 135 000 | 28 196 000 | 22 829 000 | 23 291 000 |
| Total assets | 48 620 000 | 38 416 000 | 44 671 000 | 32 926 000 | 34 787 000 |
| Total liabilities | 8 068 000 | 7 803 000 | 10 092 000 | 7 218 000 | 7 836 000 |
| Total equity | 40 552 000 | 30 613 000 | 34 579 000 | 25 708 000 | 26 951 000 |
| Employees | 89 | 88 | 87 | 89 | 74 |
| Average gross salary (monthly) | 2938 | 3122 | 3452 | 3649 | 4068 |
| Calculated dividend | 18 000 000 | 10 000 000 | 0 | 9 333 000 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligationsAll clear
Data from public registers, not a credit rating.
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State aid and grants
18 recordsState aid and de minimis aid in total 1 284 360 € (2010–2026). Largest grantors: SA Keskkonnainvesteeringute Keskus (719 000 €), Ettevõtluse ja Innovatsiooni Sihtasutus (280 048 €), Elering AS (255 742 €), Riigi Tugiteenuste Keskus (24 033 €).
Show all aid records (18)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| MTÜ Maakondlikud Arenduskeskused | Muu | 109 € | 18.03.2026 |
| MTÜ Maakondlikud Arenduskeskused | Muu | 106 € | 08.10.2025 |
| MTÜ Maakondlikud Arenduskeskused | Muu | 57 € | 03.09.2025 |
| Riigi Tugiteenuste Keskus | Muu | 342 € | 30.09.2024 |
| SA Keskkonnainvesteeringute Keskus | Muu | 4000 € | 09.09.2024 |
| Riigi Tugiteenuste Keskus | Muu | 342 € | 06.06.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Teadus- ja arendusprojektidele antav abi (artikkel 25 lõike 2 punkt b) - rakendusuuringud | 142 568 € | 08.07.2021 |
| SA Keskkonnainvesteeringute Keskus | Investeeringuteks ettenähtud regionaalabi (artikkel 14) | 690 000 € | 11.05.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 122 500 € | 29.11.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Nõustamine VTA | 14 980 € | 20.06.2019 |
| Riigi Tugiteenuste Keskus | Muu | 23 349 € | 20.04.2018 |
| SA Keskkonnainvesteeringute Keskus | Muu | 25 000 € | 04.05.2015 |
| Elering AS | Elektri ja soojuse koostootmiseks antav tegevusabi | 27 356 € | 30.04.2011 |
| Elering AS | Elektri ja soojuse koostootmiseks antav tegevusabi | 63 310 € | 31.03.2011 |
| Elering AS | Elektri ja soojuse koostootmiseks antav tegevusabi | 54 028 € | 28.02.2011 |
| Elering AS | Elektri ja soojuse koostootmiseks antav tegevusabi | 57 176 € | 31.01.2011 |
| Elering AS | Elektri ja soojuse koostootmiseks antav tegevusabi | 53 871 € | 31.12.2010 |
The total also includes 1 tax reductions worth 5265 € (e.g. the excise reduction on marked diesel fuel), not listed separately in the table.
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
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Source: e-Business Register (RIK). Files open/download directly from the official register.