Riigi Kinnisvara AktsiaseltsRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 34 845 016 € | 266 | 1 467 454 € |
| Q2 2026 | 36 206 987 € | 268 | 1 796 511 € |
| Q1 2026 | 39 816 390 € | 259 | 1 417 403 € |
| Q4 2025 | 39 230 532 € | 265 | 1 435 486 € |
| Q3 2025 | 36 295 434 € | 264 | 1 437 658 € |
| Q2 2025 | 38 639 756 € | 264 | 2 294 634 € |
| Q1 2025 | 45 941 235 € | 266 | 1 295 056 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 50 264 000 € (23% of distributable profit).
Low confidence: in the same year part of the retained earnings moved to reserves or share capital, or a contribution was made — the exact dividend is unclear, the lower estimate is shown.
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 | 87 597 000 | 61 128 000 | 56 773 000 | 51 306 000 | 57 510 000 | 86 245 000 | 48 972 000 |
| Total non-current assets | 556 143 000 | 576 098 000 | 580 131 000 | 606 791 000 | 638 417 000 | 671 985 000 | 705 464 000 |
| Total assets | 643 740 000 | 637 226 000 | 636 904 000 | 658 097 000 | 695 927 000 | 758 230 000 | 754 436 000 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 28 911 000 | 28 736 000 | 28 246 000 | 34 418 000 | 41 634 000 | 45 003 000 | 44 652 000 |
| Non-current liabilities | 170 168 000 | 167 359 000 | 164 537 000 | 161 653 000 | 189 124 000 | 197 563 000 | 182 311 000 |
| Total liabilities | 199 079 000 | 196 095 000 | 192 783 000 | 196 071 000 | 230 758 000 | 242 566 000 | 226 963 000 |
| Share capital | 237 208 000 | 238 052 000 | 240 032 000 | 260 572 000 | 261 416 000 | 275 008 000 | 279 854 000 |
| Retained earnings of previous periods | 165 933 000 | 160 524 000 | 159 489 000 | 158 007 000 | 156 419 000 | 154 976 000 | 167 506 000 |
| Profit for the year | 35 185 000 | 34 700 000 | 34 780 000 | 32 118 000 | 34 342 000 | 67 746 000 | 62 073 000 |
| Reserves and other equity | 6 335 000 | 7 855 000 | 9 820 000 | 11 329 000 | 12 992 000 | 17 934 000 | 18 040 000 |
| Total equity | 444 661 000 | 441 131 000 | 444 121 000 | 462 026 000 | 465 169 000 | 515 664 000 | 527 473 000 |
| Income statement | |||||||
| Sales revenue | 136 234 000 | 130 089 000 | 147 506 000 | 155 962 000 | 158 532 000 | 186 089 000 | 177 242 000 |
| Operating profit | 36 262 000 | 45 767 000 | 43 135 000 | 39 822 000 | 43 295 000 | 77 909 000 | 79 462 000 |
| EBITDA | 62 462 000 | 72 833 000 | 71 548 000 | 70 098 000 | 75 830 000 | 113 741 000 | 116 987 000 |
| Profit before income tax | 35 185 000 | 44 700 000 | 42 117 000 | 38 667 000 | 39 568 000 | 73 388 000 | 76 713 000 |
| Profit for the reporting year | 35 185 000 | 34 700 000 | 34 780 000 | 32 118 000 | 34 342 000 | 67 746 000 | 62 073 000 |
| Labour costs | — | 9 694 000 | 9 844 000 | 10 363 000 | 11 961 000 | 16 102 000 | 14 031 000 |
| Depreciation of non-current assets | 26 200 000 | 27 066 000 | 28 413 000 | 30 276 000 | 32 535 000 | 35 832 000 | 37 525 000 |
| Other indicators | |||||||
| Employees | 219 | 229 | 235 | 234 | 245 | 264 | 270 |
| Calculated dividend | — | 38 230 000 | 31 790 000 | 14 213 000 | 31 199 000 | 17 251 000 | 50 264 000 |
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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Public procurement
The company is itself a contracting authority: 609 tenders. View tenders →
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Riigi Kinnisvara Aktsiaselts
Overview
Riigi Kinnisvara Aktsiaselts (registry code 10788733) is a public limited company (AS). The company was entered in the Commercial Register in 2001 and has been registered for 25 years. Registered location: Lasnamäe linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is renting and operating of own or leased real estate (EMTAK 68201). The company is registered for VAT (VAT number EE100708707).
Financial results
Revenue in financial year 2025 was 177 242 000 €, down 4,8% on the previous year (186 089 000 €). From 2019 to 2025, revenue grew by an average of 4,5% per year. Net profit for financial year 2025 was 62 073 000 € (35,0% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 270 employees (264 a year earlier). Revenue per employee was 656 452 €. At the end of financial year 2025, total assets were 754 436 000 € and equity 527 473 000 € (69,9% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 34 845 016 €, down 4,0% on the same quarter a year earlier. The company had 266 employees in that quarter. Labour taxes paid in the quarter: 1 467 454 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 3350 € per month.
Management and owners
The management board has 2 members. The supervisory board has 4 members. The sole owner of the company is Rahandusministeerium.
Data sources and freshness
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. Latest register change: 29.09.2026. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 05.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (48510050SILNSVQ3C613) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.