AS Otepää Veevärk

Registered
10273845Public limited company (AS)Founded 1997
Going concern uncertainty. In the 2023 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Qualified audit opinion. 2024 report: Qualified.

Key figures

649 592 €−27,7%
Revenue 2025
−0,2%
Average annual change 2019–2025
0500 k1 m1,5 m2019202020212022202320242025

Ratios

2025

Summary: AS Otepää Veevärk

What kind of company is it?

AS Otepää Veevärk (registry code 10273845) 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: Kastolatsi küla, Otepää vald, Valga maakond. According to the latest annual report, the main activity is sewerage and wastewater treatment (EMTAK 37001). The company is registered for VAT (VAT number EE100492547).

How is the company doing financially?

Revenue in financial year 2025 was 649 592 €, down 27,7% on the previous year (898 561 €). This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 6964 €. The company was profitable in 3 of the 7 published financial years. In financial year 2025 the company had 10 employees (8 a year earlier). Revenue per employee was 64 959 €. At the end of financial year 2025, total assets were 2 444 837 € and equity 2 246 437 € (91,9% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 192 161 €, up 17,9% on the same quarter a year earlier. The company had 8 employees in that quarter. Labour taxes paid in the quarter: 24 442 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1950 € per month.

Who runs the company and who owns it?

The company has one management board member. The supervisory board has 5 members. The sole owner of the company is OTEPÄÄ VALLAVALITSUS.

What should you look out for?

In the report for financial year 2023, the auditor pointed to a material uncertainty about the company's ability to continue as a going concern.

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 28.06.2026. 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
QuarterRevenueNumber of employeesLabour taxes
Q3 2026192 161 €824 442 €
Q2 2026187 931 €723 831 €
Q1 2026150 706 €833 604 €
Q4 2025218 252 €925 899 €
Q3 2025162 925 €926 813 €
Q2 2025132 688 €925 918 €
Q1 2025148 953 €1026 216 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Dividends

calculated
2025

No dividends were distributed.

History
20250 €
20241 109 864 €
20230 €
20220 €
20210 €
20200 €
Summary of financial statements2021–2025
20212022202320242025
Sales revenue762 891816 0041 031 362898 561649 592
Net profit−181 20833 499−325 857−29 540−6964
Retained earnings2 936 3422 755 1342 788 6331 352 9121 323 372
Total assets4 324 0744 522 7824 231 8072 517 3332 444 837
Total liabilities857 3431 004 120839 002263 932198 400
Total equity3 466 7313 518 6623 392 8052 253 4012 246 437
Employees131211810
Average gross salary (monthly)12571432161121341661
Calculated dividend0001 109 8640

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
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
All on time
Business Register · 2023–2025
Auditor's opinion
Unqualified
Business Register · 2025 annual report
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph

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100%AS Otepää Veevärk1OTEPÄÄ VALLAVALITSUS3Andres Arike1Arne Tilk2Gunnar KruusHillar Toomiste1Raivo Nurmetu1Viljar MeisterAnneli Jürgenson
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

5 records

State aid and de minimis aid in total 901 938 € (2016–2020). Largest grantors: SA Keskkonnainvesteeringute Keskus (901 938 €).

Show all aid records (5)
2020316 003 €
201837 885 €
2017324 231 €
2016223 819 €
GrantorPurposeAmountDate
SA Keskkonnainvesteeringute KeskusEnergiatõhusale kaugküttele ja -jahutusele antav investeeringuteks ettenähtud abi (artikkel 46)76 000 €16.12.2020
SA Keskkonnainvesteeringute KeskusÜldist majandushuvi pakkuvate teenuste osutamise eest antav VTA240 004 €20.04.2020
SA Keskkonnainvesteeringute KeskusEnergiatõhusale kaugküttele ja -jahutusele antav investeeringuteks ettenähtud abi (artikkel 46)37 885 €13.06.2018
SA Keskkonnainvesteeringute KeskusEnergiatõhusale kaugküttele ja -jahutusele antav investeeringuteks ettenähtud abi (artikkel 46)324 231 €14.07.2017
SA Keskkonnainvesteeringute KeskusEnergiatõhusale kaugküttele ja -jahutusele antav investeeringuteks ettenähtud abi (artikkel 46)223 819 €14.09.2016

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.

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