IVARD OÜRegistered
Qualified audit opinion. 2019 report: Qualified.
Key figures
68 000 €−20,9%
Revenue 2025
−8,3%
Average annual change 2019–2025
Ratios
20251669,1%
Profit margin
−314,7%
EBITDA margin
96,4%
Equity ratio
3,0×
Current ratio
1,6%
Return on equity
12 498 €
Average gross salary
Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 16 784 € | 1 | 21 605 € |
| Q1 2026 | 190 122 € | 1 | 20 639 € |
| Q4 2025 | 12 380 € | 1 | 19 467 € |
| Q3 2025 | 20 415 € | 1 | 24 451 € |
| Q2 2025 | 18 490 € | 1 | 18 555 € |
| Q1 2025 | 35 880 € | 1 | 19 934 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 525 000 € (1% of distributable profit).
History
2025525 000 €
2024440 000 €
2023575 000 €
202211 779 000 €
2021250 000 €
2020749 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 | 5 692 000 | 6 227 000 | 7 673 000 | 6 463 000 | 12 050 000 | 11 541 000 | 2 819 000 |
| Total non-current assets | 32 864 000 | 32 896 000 | 34 118 000 | 25 682 000 | 58 655 000 | 61 550 000 | 72 761 000 |
| Total assets | 38 556 000 | 39 123 000 | 41 791 000 | 32 145 000 | 70 705 000 | 73 091 000 | 75 580 000 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 484 000 | 878 000 | 872 000 | 2 405 000 | 849 000 | 854 000 | 925 000 |
| Non-current liabilities | — | — | — | — | — | — | 1 808 000 |
| Total liabilities | 484 000 | 878 000 | 872 000 | 2 405 000 | 849 000 | 854 000 | 2 733 000 |
| Share capital | 3000 | 3000 | 3000 | 3000 | 3000 | 3000 | 3000 |
| Retained earnings of previous periods | 36 220 000 | 37 320 000 | 37 992 000 | 29 137 000 | 29 162 000 | 69 413 000 | 71 709 000 |
| Profit for the year | 1 849 000 | 922 000 | 2 924 000 | 600 000 | 40 691 000 | 2 821 000 | 1 135 000 |
| Total equity | 38 072 000 | 38 245 000 | 40 919 000 | 29 740 000 | 69 856 000 | 72 237 000 | 72 847 000 |
| Income statement | |||||||
| Sales revenue | 114 000 | 114 000 | 164 000 | 153 000 | 169 000 | 86 000 | 68 000 |
| Operating profit | −227 000 | −192 000 | −204 000 | −358 000 | −230 000 | 379 000 | −225 000 |
| EBITDA | −204 000 | −170 000 | −190 000 | −350 000 | −222 000 | 387 000 | −214 000 |
| Profit before income tax | 1 849 000 | 922 000 | 2 924 000 | 607 000 | 40 729 000 | 2 892 000 | 1 135 000 |
| Profit for the reporting year | 1 849 000 | 922 000 | 2 924 000 | 600 000 | 40 691 000 | 2 821 000 | 1 135 000 |
| Labour costs | 195 000 | 202 000 | 214 000 | 179 000 | 354 000 | 184 000 | 187 000 |
| Depreciation of non-current assets | 23 000 | 22 000 | 14 000 | 8000 | 8000 | 8000 | 11 000 |
| Other indicators | |||||||
| Employees | 4 | 4 | 4 | 4 | 3 | 3 | 3 |
| Calculated dividend | — | 749 000 | 250 000 | 11 779 000 | 575 000 | 440 000 | 525 000 |
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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