Pipenet OÜRegistered
Key figures
3 905 931 €+39,3%
Revenue 2025
+13,5%
Average annual growth 2019–2025
Ratios
20256,5%
Profit margin
9,8%
EBITDA margin
25,6%
Equity ratio
1,0×
Current ratio
99,0%
Return on equity
2729 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 540 783 € | 17 | 75 274 € |
| Q1 2026 | 1 068 404 € | 18 | 84 012 € |
| Q4 2025 | 958 778 € | 18 | 108 154 € |
| Q3 2025 | 1 024 355 € | 18 | 104 193 € |
| Q2 2025 | 820 427 € | 18 | 87 213 € |
| Q1 2025 | 768 731 € | 18 | 55 044 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 288 309 | 421 993 | 360 068 | 454 278 | 449 797 | 477 363 | 650 406 |
| Total non-current assets | 278 934 | 373 658 | 438 278 | 340 189 | 348 677 | 366 089 | 345 142 |
| Total assets | 567 243 | 795 651 | 798 346 | 794 467 | 798 474 | 843 452 | 995 548 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 329 055 | 509 105 | 423 561 | 465 407 | 595 997 | 743 821 | 637 718 |
| Non-current liabilities | 77 585 | 124 360 | 150 400 | 102 494 | 75 870 | 97 196 | 102 980 |
| Total liabilities | 406 640 | 633 465 | 573 961 | 567 901 | 671 867 | 841 017 | 740 698 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 146 445 | 156 986 | 158 569 | 220 768 | 222 949 | 122 990 | −1182 |
| Profit for the year | 10 541 | 1583 | 62 199 | 2181 | −99 959 | −124 172 | 252 415 |
| Reserves and other equity | 1061 | 1061 | 1061 | 1061 | 1061 | 1061 | 1061 |
| Total equity | 160 603 | 162 186 | 224 385 | 226 566 | 126 607 | 2435 | 254 850 |
| Income statement | |||||||
| Sales revenue | 1 823 540 | 2 204 371 | 3 013 892 | 2 399 222 | 2 805 853 | 2 803 781 | 3 905 931 |
| Operating profit | 13 391 | 4147 | 68 069 | 8742 | −91 032 | −117 512 | 256 479 |
| EBITDA | 37 719 | 50 268 | 161 280 | 101 008 | 10 532 | −2542 | 383 662 |
| Profit before income tax | 10 541 | 1583 | 62 199 | 2181 | −99 959 | −124 172 | 252 415 |
| Profit for the reporting year | 10 541 | 1583 | 62 199 | 2181 | −99 959 | −124 172 | 252 415 |
| Labour costs | 486 608 | 676 449 | 672 530 | 629 375 | 725 330 | 793 830 | 832 051 |
| Depreciation of non-current assets | 24 328 | 46 121 | 93 211 | 92 266 | 101 564 | 114 970 | 127 183 |
| Other indicators | |||||||
| Employees | 15 | 20 | 18 | 16 | 17 | 18 | 18 |
| Calculated dividend | — | 0 | 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.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Related companies
Same activity — Construction of water, gas and sewerage pipelines