OÜ HEATMASTERS BALTIC

Registered

10872646Private limited company (OÜ)Founded 2002

Key figures

237 482 €+50,6%

Revenue 2025/26

+4,6%

Average annual growth 2019/20–2025/26

Ratios

2025/26

14,4%

Profit margin

17,5%

EBITDA margin

57,9%

Equity ratio

1,7×

Current ratio

79,7%

Return on equity

2921 €

Average gross salary

Summary: OÜ HEATMASTERS BALTIC

What kind of company is it?

OÜ HEATMASTERS BALTIC (registry code 10872646) is a private limited company (OÜ). The company was entered in the Commercial Register in 2002 and has been registered for 24 years. Registered location: Kristiine linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is heat treatment of metals (EMTAK 25521). The company is registered for VAT (VAT number EE100765258).

How is the company doing financially?

Revenue in financial year 2025/26 was 237 482 €, up 50,6% on the previous year (157 700 €). From 2019/20 to 2025/26, revenue grew by an average of 4,6% per year. This is the company's highest revenue among the published years (2019/20–2025/26). Net profit for financial year 2025/26 was 34 291 € (14,4% of revenue). The company was profitable in 5 of the 7 published financial years. In financial year 2025/26 the company had 3 employees. Revenue per employee was 79 161 €. At the end of financial year 2025/26, total assets were 74 394 € and equity 43 040 € (57,9% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 93 099 €, up 57,9% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 9534 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2920 € per month.

Who runs the company and who owns it?

The company has one management board member. According to the register, the company has 4 owners. The largest stake (40%) is held by Heatmasters Oy.

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 2025/26) was filed on 15.07.2026. 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

Quarter	Revenue	Number of employees	Labour taxes
Q3 2026	93 099 €	2	9534 €
Q2 2026	21 496 €	2	4980 €
Q1 2026	23 910 €	2	11 539 €
Q4 2025	157 746 €	2	8234 €
Q3 2025	58 967 €	2	15 868 €
Q2 2025	84 903 €	2	10 569 €
Q1 2025	26 683 €	2	4285 €

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

Summary of financial statements2021–2025

	2021/22	2022/23	2023/24	2024/25	2025/26
Sales revenue	140 590	147 264	167 579	157 700	237 482
Net profit	4055	3998	−3291	16 521	34 291
Retained earnings	−15 289	−11 234	−7236	−10 527	5993
Total assets	40 748	46 599	35 099	78 191	74 394
Total liabilities	49 226	51 079	42 870	69 441	31 354
Total equity	−8478	−4480	−7771	8750	43 040
Employees	3	3	3	3	3
Average gross salary (monthly)	1429	1342	1788	1625	1904
Calculated dividend	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.

Risks and obligationsAll clear

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

Commercial pledges

None

Business Register

Share pledges and disposal bans

None

Business Register

Data from public registers, not a credit rating.

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State aid and grants

1 record

State aid and de minimis aid in total 303 € (2018). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (303 €).

Show all aid records (1)

2018303 €

Grantor	Purpose	Amount	Date
Ettevõtluse ja Innovatsiooni Sihtasutus	Koolitus VTA	303 €	25.07.2018

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.

Related companies

Largest in the same sector — Manufacturing

Same activity — Heat treatment of metals

Same address