OÜ KivipartnerRegistered
Key figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 1 066 089 € | 13 | 39 496 € |
| Q2 2026 | 425 800 € | 13 | 38 806 € |
| Q1 2026 | 475 435 € | 11 | 57 040 € |
| Q4 2025 | 2 312 265 € | 12 | 76 732 € |
| Q3 2025 | 1 158 955 € | 20 | 83 334 € |
| Q2 2025 | 775 586 € | 22 | 58 490 € |
| Q1 2025 | 940 368 € | 16 | 80 484 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 320 000 € (5% of distributable profit).
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 | 2 238 695 | 2 497 413 | 3 619 977 | 4 838 781 | 4 702 693 | 5 193 948 | 6 120 883 |
| Total non-current assets | 907 842 | 1 325 492 | 1 416 509 | 1 549 053 | 1 880 690 | 2 171 674 | 1 900 334 |
| Total assets | 3 146 537 | 3 822 905 | 5 036 486 | 6 387 834 | 6 583 383 | 7 365 622 | 8 021 217 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 393 722 | 326 829 | 348 896 | 452 817 | 301 323 | 446 046 | 433 610 |
| Non-current liabilities | 215 797 | 119 299 | 154 828 | 82 228 | 51 390 | 168 630 | 125 451 |
| Total liabilities | 609 519 | 446 128 | 503 724 | 535 045 | 352 713 | 614 676 | 559 061 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 1 687 505 | 2 421 554 | 3 266 438 | 4 400 918 | 5 689 843 | 6 042 602 | 6 428 134 |
| Profit for the year | 846 701 | 952 411 | 1 263 512 | 1 449 059 | 538 015 | 705 532 | 1 031 210 |
| Reserves and other equity | 256 | 256 | 256 | 256 | 256 | 256 | 256 |
| Total equity | 2 537 018 | 3 376 777 | 4 532 762 | 5 852 789 | 6 230 670 | 6 750 946 | 7 462 156 |
| Income statement | |||||||
| Sales revenue | 5 141 654 | 5 012 623 | 6 382 388 | 6 255 887 | 4 287 720 | 5 488 686 | 4 818 294 |
| Operating profit | 900 439 | 979 770 | 1 242 886 | 1 442 616 | 500 952 | 381 458 | 422 521 |
| EBITDA | 1 020 736 | 1 070 490 | 1 379 857 | 1 575 156 | 655 169 | 590 148 | 683 604 |
| Profit before income tax | 893 680 | 992 173 | 1 281 016 | 1 470 064 | 565 423 | 740 314 | 1 121 466 |
| Profit for the reporting year | 846 701 | 952 411 | 1 263 512 | 1 449 059 | 538 015 | 705 532 | 1 031 210 |
| Labour costs | 389 600 | 468 218 | 526 447 | 527 931 | 561 118 | 667 602 | 646 812 |
| Depreciation of non-current assets | 120 297 | 90 720 | 136 971 | 132 540 | 154 217 | 208 690 | 261 083 |
| Other indicators | |||||||
| Employees | 17 | 19 | 18 | 18 | 18 | 19 | 18 |
| Calculated dividend | — | 112 652 | 107 527 | 129 032 | 160 134 | 185 256 | 320 000 |
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 obligationsAll clear
Data from public registers, not a credit rating.
Connections graph
Public procurement
21 contractsPublic contracts won worth 8 719 099 € from 12 contracting authorities (04.09.2023–17.07.2026). Plus 3 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Viirpuu tn rekonstrueerimine lõigus Leilovi-Kivimetsa | Kambja Vallavalitsus | 345 291 € | 17.07.2026 |
| Sillamäe Eesti Põhikooli väliala ehitustööd | Riigi Kinnisvara Aktsiaselts | 472 363 € | 25.06.2026 |
| Torma staadioni rekonstrueerimine | Jõgeva Vallavalitsus | 236 960 € | 18.06.2026 |
| Tartu linna omandis oleva kinnisvara ehitus- ja remonttööde raamhange · Mängu- ja spordiväljakute rajamine ja remonditööd | Tartu Linnavalitsus | up to 1 200 000 € | 16.04.2026 |
| Tartu linna omandis oleva kinnisvara ehitus- ja remonttööde raamhange · Välisrajatiste ehitus- ja remonditööd | Tartu Linnavalitsus | up to 1 600 000 € | 16.04.2026 |
| Lepna korvpalliväljaku ja multifunktsionaalse spordiväljaku rajamine (kordus) | Rakvere Vallavalitsus | 177 739 € | 25.02.2026 |
| Tõrvandi keskusala väliala 1 väljaehitamine | Kambja Vallavalitsus | 978 988 € | 15.10.2025 |
| Viljandi, Uueveski tee - Põltsamaa tee kergliiklustee projekteerimis-ehitustööd | Viljandi Linnavalitsus | 511 500 € | 25.06.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: OÜ Kivipartner
Overview
OÜ Kivipartner (registry code 11298405) 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: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is maanteede ja kiirteede ehitus (EMTAK 42111). The company is registered for VAT (VAT number EE101122379).
Financial results
Revenue in financial year 2025 was 4 818 294 €, down 12,2% on the previous year (5 488 686 €). From 2019 to 2025, revenue declined by an average of 1,1% per year. Net profit for financial year 2025 was 1 031 210 € (21,4% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 18 employees (19 a year earlier). Revenue per employee was 267 683 €. At the end of financial year 2025, total assets were 8 021 217 € and equity 7 462 156 € (93,0% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 1 066 089 €, down 8,0% on the same quarter a year earlier. The company had 13 employees in that quarter. Labour taxes paid in the quarter: 39 496 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1940 € per month.
Management and owners
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual.
Data sources and freshness
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. The LEI code (254900WEBQ66U0OIV456) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.