Thermal OÜRegistered
Annual report for 2025 not filed.
Key figures
346 382 €−16,5%
Revenue 2024
−2,2%
Average annual change 2019–2024
Ratios
20240,4%
Profit margin
3,8%
EBITDA margin
41,0%
Equity ratio
1,3×
Current ratio
2,7%
Return on equity
946 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 81 776 € | 4 | 5177 € |
| Q1 2026 | 54 386 € | 3 | 4445 € |
| Q4 2025 | 368 960 € | 3 | 6785 € |
| Q3 2025 | 760 991 € | 3 | 10 038 € |
| Q2 2025 | 925 223 € | 3 | 12 539 € |
| Q1 2025 | 285 689 € | 5 | 8430 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2024
Distributed as dividends 13 500 € (21% of distributable profit).
History
202413 500 €
202317 024 €
202215 000 €
202118 500 €
202016 500 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 83 656 | 100 557 | 92 930 | 127 992 | 85 619 | 94 906 |
| Total non-current assets | 39 127 | 37 182 | 35 804 | 50 822 | 44 012 | 39 493 |
| Total assets | 122 783 | 137 739 | 128 734 | 178 814 | 129 631 | 134 399 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 56 891 | 60 090 | 36 438 | 74 077 | 50 770 | 73 074 |
| Non-current liabilities | 21 881 | 18 686 | 29 728 | 17 117 | 11 782 | 6233 |
| Total liabilities | 78 772 | 78 776 | 66 166 | 91 194 | 62 552 | 79 307 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 38 261 | 24 699 | 37 651 | 44 756 | 67 784 | 50 767 |
| Profit for the year | 2938 | 31 452 | 22 105 | 40 052 | −3517 | 1513 |
| Reserves and other equity | 256 | 256 | 256 | 256 | 256 | 256 |
| Total equity | 44 011 | 58 963 | 62 568 | 87 620 | 67 079 | 55 092 |
| Income statement | ||||||
| Sales revenue | 387 388 | 482 732 | 460 071 | 511 828 | 415 049 | 346 382 |
| Operating profit | 7814 | 35 773 | 26 516 | 44 074 | 2749 | 6828 |
| EBITDA | 21 223 | 49 717 | 40 408 | 51 325 | 9035 | 13 294 |
| Profit before income tax | 7031 | 34 647 | 25 320 | 42 494 | −831 | 3711 |
| Profit for the reporting year | 2938 | 31 452 | 22 105 | 40 052 | −3517 | 1513 |
| Labour costs | 81 205 | 103 204 | 97 709 | 106 154 | 111 316 | 82 015 |
| Depreciation of non-current assets | 13 409 | 13 944 | 13 892 | 7251 | 6286 | 6466 |
| Other indicators | ||||||
| Employees | 6 | 8 | 6 | 7 | 7 | 5 |
| Calculated dividend | — | 16 500 | 18 500 | 15 000 | 17 024 | 13 500 |
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 residential and non-residential buildings