Balti Vara Ehitus OÜRegistered
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 | 9 047 649 € | 4 | 34 379 € |
| Q2 2026 | 8 444 058 € | 4 | 33 017 € |
| Q1 2026 | 6 117 860 € | 4 | 32 793 € |
| Q4 2025 | 8 166 808 € | 4 | 35 042 € |
| Q3 2025 | 3 378 041 € | 4 | 60 849 € |
| Q2 2025 | 1 827 910 € | 4 | 58 390 € |
| Q1 2025 | 1 437 158 € | 4 | 56 637 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 100 000 € (1% 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 | 2 806 433 | 2 966 106 | 3 110 334 | 3 099 111 | 4 627 484 | 5 902 739 | 5 891 816 |
| Total non-current assets | 781 659 | 815 374 | 1 067 636 | 1 221 749 | 1 558 595 | 2 470 395 | 4 171 497 |
| Total assets | 3 588 092 | 3 781 480 | 4 177 970 | 4 320 860 | 6 186 079 | 8 373 134 | 10 063 313 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 507 843 | 755 907 | 1 007 707 | 923 590 | 1 314 981 | 1 422 652 | 2 816 052 |
| Non-current liabilities | 370 665 | 143 146 | 109 881 | 75 675 | 41 654 | 11 979 | 0 |
| Total liabilities | 878 508 | 899 053 | 1 117 588 | 999 265 | 1 356 635 | 1 434 631 | 2 816 052 |
| Share capital | 2555 | 2555 | 2555 | 2555 | 2555 | 2555 | 2555 |
| Retained earnings of previous periods | 2 231 542 | 2 676 773 | 2 849 616 | 2 997 571 | 3 211 284 | 4 691 633 | 6 835 692 |
| Profit for the year | 475 231 | 202 843 | 207 955 | 321 213 | 1 615 349 | 2 244 059 | 408 758 |
| Reserves and other equity | 256 | 256 | 256 | 256 | 256 | 256 | 256 |
| Total equity | 2 709 584 | 2 882 427 | 3 060 382 | 3 321 595 | 4 829 444 | 6 938 503 | 7 247 261 |
| Income statement | |||||||
| Sales revenue | 8 291 651 | 9 057 462 | 10 957 654 | 11 858 290 | 18 260 797 | 21 346 060 | 16 340 766 |
| Operating profit | 526 116 | 234 041 | 226 985 | 317 823 | 1 661 625 | 2 267 411 | 296 105 |
| EBITDA | 586 986 | 283 719 | — | 356 754 | 1 701 211 | 2 308 960 | 334 168 |
| Profit before income tax | 513 000 | 207 727 | 212 839 | 330 980 | 1 638 736 | 2 272 068 | 436 963 |
| Profit for the reporting year | 475 231 | 202 843 | 207 955 | 321 213 | 1 615 349 | 2 244 059 | 408 758 |
| Labour costs | 201 981 | 223 144 | 248 066 | 364 808 | 475 598 | 509 401 | 437 982 |
| Depreciation of non-current assets | 60 870 | 49 678 | — | 38 931 | 39 586 | 41 549 | 38 063 |
| Other indicators | |||||||
| Employees | 12 | 12 | 11 | 12 | 14 | 14 | 11 |
| Calculated dividend | — | 30 000 | 30 000 | 60 000 | 107 500 | 135 000 | 100 000 |
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.
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Public procurement
50 contractsPublic contracts won worth 77 613 519 € from 50 contracting authorities (11.12.2023–22.09.2026).
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Balti Vara Ehitus OÜ
Overview
Balti Vara Ehitus OÜ (registry code 11455212) is a private limited company (OÜ). The company was entered in the Commercial Register in 2007 and has been registered for 18 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is construction of residential and non-residential buildings (EMTAK 41001). The company is registered for VAT (VAT number EE101351603).
Financial results
Revenue in financial year 2025 was 16 340 766 €, down 23,4% on the previous year (21 346 060 €). From 2019 to 2025, revenue grew by an average of 12,0% per year. Net profit for financial year 2025 was 408 758 € (2,5% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 11 employees (14 a year earlier). Revenue per employee was 1 485 524 €. At the end of financial year 2025, total assets were 10 063 313 € and equity 7 247 261 € (72,0% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 9 047 649 €, up 168% on the same quarter a year earlier. The company had 4 employees in that quarter. Labour taxes paid in the quarter: 34 379 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 5100 € per month.
Management and owners
The management board has 3 members. According to the register, the company has 3 owners. The largest stake (40%) is held by Metero OÜ.
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 10.06.2026. 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.