Multicut OÜ
RegisteredKey figures
Ratios
2025Summary: Multicut OÜ
What kind of company is it?
Multicut OÜ (registry code 11234698) is a private limited company (OÜ). The company was entered in the Commercial Register in 2006 and has been registered for 20 years. Registered location: Narva linn, Ida-Viru maakond. According to the latest annual report, the main activity is manufacture of other fabricated metal products n.e.c. (EMTAK 25991). The company is registered for VAT (VAT number EE101054939).
How is the company doing financially?
Revenue in financial year 2025 was 678 318 €, up 409% on the previous year (133 185 €). This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 30 490 € (4,5% of revenue). The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 8 employees (2 a year earlier). Revenue per employee was 84 790 €. At the end of financial year 2025, total assets were 160 048 € and equity 67 938 € (42,4% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 178 674 €, down 41,3% on the same quarter a year earlier. The company had 10 employees in that quarter. Labour taxes paid in the quarter: 14 714 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1050 € per month.
Who runs the company and who owns it?
The company has one management board member. According to the register, the company has 2 owners. The largest stake (50%) is held by 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 14.05.2026. 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 | 178 674 € | 10 | 14 714 € |
| Q2 2026 | 282 073 € | 10 | 8611 € |
| Q1 2026 | 129 401 € | 10 | 9779 € |
| Q4 2025 | 232 489 € | 8 | 6549 € |
| Q3 2025 | 304 444 € | 6 | 5859 € |
| Q2 2025 | 179 428 € | 6 | 5339 € |
| Q1 2025 | 38 881 € | 2 | 309 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 3450 | 52 762 | 154 408 | 133 185 | 678 318 |
| Net profit | 3259 | 27 990 | −14 805 | 14 836 | 30 490 |
| Retained earnings | −2316 | 943 | 28 933 | 20 056 | 34 892 |
| Total assets | 4017 | 39 062 | 45 035 | 48 317 | 160 048 |
| Total liabilities | 518 | 7573 | 28 351 | 10 869 | 92 110 |
| Total equity | 3499 | 31 489 | 16 684 | 37 448 | 67 938 |
| Employees | 0 | 1 | 2 | 2 | 8 |
| Average gross salary (monthly) | — | — | — | 345 | 460 |
| Calculated dividend | 8396 | 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
Data from public registers, not a credit rating.
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State aid and grants
8 recordsState aid and de minimis aid in total 14 556 € (2023–2026). Largest grantors: Eesti Töötukassa (12 733 €), Sihtasutus Ida-Viru Ettevõtluskeskus (1756 €), MTÜ Maakondlikud Arenduskeskused (67 €).
Show all aid records (8)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 3262 € | 10.03.2026 |
| MTÜ Maakondlikud Arenduskeskused | Muu | 34 € | 06.03.2026 |
| Eesti Töötukassa | Palgatoetus VTA | 3151 € | 04.02.2026 |
| Eesti Töötukassa | Palgatoetus VTA | 3285 € | 04.02.2026 |
| Eesti Töötukassa | Palgatoetus VTA | 3036 € | 04.02.2026 |
| Sihtasutus Ida-Viru Ettevõtluskeskus | Muu | 425 € | 05.12.2025 |
| MTÜ Maakondlikud Arenduskeskused | Muu | 33 € | 14.10.2024 |
| Sihtasutus Ida-Viru Ettevõtluskeskus | Muu | 1331 € | 01.12.2023 |
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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