Hiiumilk OÜ

Registered
10934614Private limited company (OÜ)Founded 2003

Key figures

104 004 €+56,0%
Revenue 2025
−2,3%
Average annual change 2019–2025
050 k100 k150 k2019202020212022202320242025

Ratios

2025

Summary: Hiiumilk OÜ

What kind of company is it?

Hiiumilk OÜ (registry code 10934614) is a private limited company (OÜ). The company was entered in the Commercial Register in 2003 and has been registered for 23 years. Registered location: Rannaküla, Hiiumaa vald, Hiiu maakond. According to the latest annual report, the main activity is raising of dairy cattle (EMTAK 01411). The company is registered for VAT (VAT number EE100881048).

How is the company doing financially?

Revenue in financial year 2025 was 104 004 €, up 56,0% on the previous year (66 662 €). From 2019 to 2025, revenue declined by an average of 2,3% per year. Net profit for financial year 2025 was 24 119 € (23,2% of revenue). The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 104 004 €. At the end of financial year 2025, total assets were 265 441 € and equity 171 568 € (64,6% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 20 924 €, down 11,8% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 1096 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 520 € per month.

Who runs the company and who owns it?

The company has one management board member. The sole owner of the company is a private individual.

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 30.06.2026. 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 202620 924 €21096 €
Q2 202618 665 €11096 €
Q1 202621 547 €11199 €
Q4 202517 196 €11315 €
Q3 202523 730 €11278 €
Q2 202514 116 €11010 €
Q1 202528 528 €1992 €

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
20212022202320242025
Sales revenue75 00367 65268 80766 662104 004
Net profit3521728−37 119138224 119
Retained earnings177 428177 780179 508142 283143 666
Total assets352 246336 554272 582258 811265 441
Total liabilities170 683153 263126 410111 36393 873
Total equity181 563183 291146 172147 448171 568
Employees33211
Average gross salary (monthly)568369—657951
Calculated dividend00000

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 clear1 for information
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
Commercial pledges
100 000 €
A pledge over the company's movable assets, usually securing a loan.
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

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100%Hiiumilk OÜ1Olav Ellermäe
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

26 records

State aid and de minimis aid in total 165 034 € (2016–2026). Largest grantors: Maaelu Edendamise SA (100 000 €), Põllumajanduse Registrite ja Informatsiooni Amet (62 242 €), Eesti Töötukassa (2456 €), Keskkonnaamet (336 €).

Show all aid records (26)
20268346 €
20252133 €
20244023 €
20231404 €
20226318 €
20218976 €
2020107 144 €
20196156 €
GrantorPurposeAmountDate
Põllumajanduse Registrite ja Informatsiooni AmetKomisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" (p/m esmatootmine)3045 €21.01.2022
Põllumajanduse Registrite ja Informatsiooni AmetKomisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" (p/m esmatootmine)4624 €03.06.2021
Maaelu Edendamise SAKomisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" (p/m esmatootmine) · Soft loan100 000 €11.09.2020
Põllumajanduse Registrite ja Informatsiooni AmetPõllumajanduslik VTA70 €24.07.2018
Eesti TöötukassaPõllumajanduslik VTA2456 €15.06.2016
KeskkonnaametPõllumajanduslik VTA336 €22.04.2016

The total also includes 20 tax reductions worth 54 502 € (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.

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