Smart Heating OÜ
RegisteredKey figures
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2025Summary: Smart Heating OÜ
What kind of company is it?
Smart Heating OÜ (registry code 11322416) is a private limited company (OÜ). The company was entered in the Commercial Register in 2007 and has been registered for 19 years. Registered location: Pärnu linn, Pärnu maakond. According to the latest annual report, the main activity is plumbing, heat and air-conditioning installation (EMTAK 4322). The company is registered for VAT (VAT number EE101253549).
How is the company doing financially?
Revenue in financial year 2025 was 115 873 €, down 17,6% on the previous year (140 694 €). From 2019 to 2025, revenue grew by an average of 36,9% per year. Net profit for financial year 2025 was 1646 € (1,4% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 1 employees (2 a year earlier). Revenue per employee was 115 873 €. At the end of financial year 2025, total assets were 47 982 € and equity 15 400 € (32,1% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 16 403 €, down 42,3% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 914 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 730 € per month.
Who runs the company and who owns it?
The management board has 2 members. 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. Latest register change: 02.11.2026. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 26.09.2026. 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 | 16 403 € | 1 | 914 € |
| Q2 2026 | 16 155 € | 1 | 1754 € |
| Q1 2026 | 25 767 € | 1 | 2295 € |
| Q4 2025 | 21 247 € | — | 2133 € |
| Q3 2025 | 28 437 € | 2 | 2366 € |
| Q2 2025 | 31 831 € | 2 | 2277 € |
| Q1 2025 | 30 347 € | 2 | 2185 € |
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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 33 032 | 38 713 | 79 733 | 140 694 | 115 873 |
| Net profit | 679 | 3010 | 1543 | 1403 | 1646 |
| Retained earnings | 4767 | 5446 | 8456 | 9794 | 11 197 |
| Total assets | 13 538 | 18 958 | 33 767 | 48 952 | 47 982 |
| Total liabilities | 5535 | 7945 | 21 211 | 35 198 | 32 582 |
| Total equity | 8003 | 11 013 | 12 556 | 13 754 | 15 400 |
| Employees | 1 | 1 | 1 | 2 | 1 |
| Average gross salary (monthly) | 1010 | 766 | 578 | 715 | 1354 |
| Calculated dividend | 0 | 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 obligations1 note6 clear
Data from public registers, not a credit rating.
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State aid and grants
2 recordsState aid and de minimis aid in total 5501 € (2020–2021). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (3984 €), Eesti Töötukassa (1517 €).
Show all aid records (2)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 1517 € | 20.09.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Innovatsiooni osak | 3984 € | 14.06.2020 |
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 ↗
Change history
3 changes- 09.11.2026*Name changed: Xadoil OÜ → Smart Heating OÜ
- 02.11.2026Registry entry changed
- 12.10.2026*Annual report 2025 filed
Entered in the register on 11.01.2007.
Source: Business Register change list and open data. * date the change was detected in open data (it happened between this and the previous data update).
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