Kivisalu Capital OÜ
RegisteredKey figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Summary: Kivisalu Capital OÜ
What kind of company is it?
Kivisalu Capital OÜ (registry code 11287855) 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: Veelikse küla, Mulgi vald, Viljandi maakond. According to the latest annual report, the main activity is business and other management consultancy (EMTAK 70201). The company is registered for VAT (VAT number EE101203353).
How is the company doing financially?
Revenue in financial year 2025 was 108 513 €, down 81,5% on the previous year (588 079 €). From 2019 to 2025, revenue declined by an average of 34,1% per year. This is the company's lowest revenue among the published years (2019–2025). Net profit for financial year 2025 was 36 € (0,0% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 2 employees (3 a year earlier). Revenue per employee was 54 257 €. At the end of financial year 2025, total assets were 614 366 € and equity 387 956 € (63,1% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 87 108 €, up 561% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 1153 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 870 € per month.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is Pecador OÜ.
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 26.06.2026. 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 | 87 108 € | 1 | 1153 € |
| Q2 2026 | 10 959 € | 1 | 1170 € |
| Q1 2026 | 11 107 € | 1 | 1460 € |
| Q4 2025 | 49 663 € | 1 | 887 € |
| Q3 2025 | 13 183 € | 1 | 2927 € |
| Q2 2025 | 10 777 € | 1 | 7004 € |
| Q1 2025 | 43 358 € | 1 | 9643 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 130 000 € (25% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 1 384 649 | 1 323 644 | 1 465 921 | 588 079 | 108 513 |
| Net profit | 252 289 | −229 004 | 3594 | 408 654 | 36 |
| Retained earnings | 118 975 | 356 864 | 127 860 | 106 454 | 385 108 |
| Total assets | 1 130 441 | 882 838 | 1 034 030 | 647 847 | 614 366 |
| Total liabilities | 756 365 | 752 166 | 899 764 | 129 927 | 226 410 |
| Total equity | 374 076 | 130 672 | 134 266 | 517 920 | 387 956 |
| Employees | 4 | 4 | 3 | 3 | 2 |
| Average gross salary (monthly) | 891 | 894 | 1232 | 1184 | 1084 |
| Calculated dividend | 29 000 | 14 400 | 0 | 25 000 | 130 000 |
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 obligations1 note1 for information5 clear
Data from public registers, not a credit rating.
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State aid and grants
6 recordsState aid and de minimis aid in total 84 803 € (2021–2026). Largest grantors: Põllumajanduse Registrite ja Informatsiooni Amet (84 803 €).
Show all aid records (6)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Põllumajanduse Registrite ja Informatsiooni Amet | Komisjoni teatise jaotis 2.1 "Piiratud summad" (p/m esmatootmine) | 14 298 € | 23.10.2023 |
| Põllumajanduse Registrite ja Informatsiooni Amet | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" (p/m esmatootmine) | 17 323 € | 21.01.2022 |
| Põllumajanduse Registrite ja Informatsiooni Amet | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" (p/m esmatootmine) | 45 654 € | 08.06.2021 |
The total also includes 3 tax reductions worth 7528 € (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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