Covalent Osaühing
RegisteredKey figures
Ratios
2025Summary: Covalent Osaühing
What kind of company is it?
Covalent Osaühing (registry code 10978416) 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: Lasnamäe linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is other business support service activities n.e.c. (EMTAK 82991). The company is registered for VAT (VAT number EE100862481).
How is the company doing financially?
Revenue in financial year 2025 was 611 609 €, up 14,5% on the previous year (534 295 €). From 2019 to 2025, revenue grew by an average of 1,5% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 226 460 € (37,0% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 7 employees. Revenue per employee was 87 373 €. At the end of financial year 2025, total assets were 448 171 € and equity 296 336 € (66,1% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 151 539 €, up 5,4% on the same quarter a year earlier. The company had 6 employees in that quarter. Labour taxes paid in the quarter: 17 777 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1900 € 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
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 151 539 € | 6 | 17 777 € |
| Q2 2026 | 159 494 € | 6 | 16 897 € |
| Q1 2026 | 125 057 € | 6 | 11 177 € |
| Q4 2025 | 215 052 € | 6 | 17 738 € |
| Q3 2025 | 143 818 € | 6 | 16 919 € |
| Q2 2025 | 139 251 € | 6 | 17 898 € |
| Q1 2025 | 143 157 € | 6 | 16 679 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 156 737 € (70% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 476 798 | 457 640 | 516 535 | 534 295 | 611 609 |
| Net profit | 128 613 | 105 259 | 164 371 | 173 490 | 226 460 |
| Retained earnings | 117 572 | 96 185 | 109 286 | 50 311 | 67 064 |
| Total assets | 354 592 | 338 501 | 365 446 | 374 236 | 448 171 |
| Total liabilities | 105 595 | 134 245 | 88 977 | 147 623 | 151 835 |
| Total equity | 248 997 | 204 256 | 276 469 | 226 613 | 296 336 |
| Employees | 8 | 8 | 7 | 7 | 7 |
| Average gross salary (monthly) | 1553 | 1485 | 1555 | 1639 | 1572 |
| Calculated dividend | 30 415 | 150 000 | 92 158 | 223 346 | 156 737 |
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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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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