Iute Group AS
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Summary: Iute Group AS
What kind of company is it?
Iute Group AS (registry code 11551447) is a public limited company (AS). The company was entered in the Commercial Register in 2008 and has been registered for 18 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. The company is registered for VAT (VAT number EE102078215).
How is the company doing financially?
There was no revenue in financial year 2025. Net profit for financial year 2024 was 9 049 000 €. The company was profitable in all 6 published financial years. In financial year 2025 the company had 101 employees (67 a year earlier). At the end of financial year 2024, total assets were 197 563 000 € and equity 52 806 000 € (26,7% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 4 786 727 €, down 8,9% on the same quarter a year earlier. The company had 106 employees in that quarter. Labour taxes paid in the quarter: 1 274 719 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 7050 € per month.
Who runs the company and who owns it?
The company has one management board member. The supervisory board has 3 members.
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. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 26.06.2026. 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 (52990040ZC8FL1781027) comes from the GLEIF database. 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 | 4 786 727 € | 106 | 1 274 719 € |
| Q2 2026 | 2 315 411 € | 113 | 1 221 946 € |
| Q1 2026 | 4 088 813 € | 106 | 1 115 822 € |
| Q4 2025 | 3 787 432 € | 98 | 995 925 € |
| Q3 2025 | 5 256 634 € | 86 | 897 975 € |
| Q2 2025 | 2 306 840 € | 75 | 830 654 € |
| Q1 2025 | 2 061 196 € | 69 | 748 484 € |
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 | 1 075 000 | 0 | 0 | 0 | 0 |
| Net profit | 5 146 000 | 18 981 000 | 7 563 000 | 9 049 000 | — |
| Retained earnings | 6 682 000 | 13 126 000 | 24 107 000 | 31 635 000 | — |
| Total assets | 134 205 351 | 179 675 000 | 169 184 000 | 197 563 000 | 274 480 000 |
| Total liabilities | — | — | — | — | — |
| Total equity | 22 627 000 | 43 107 000 | 43 757 000 | 52 806 000 | — |
| Employees | 45 | 49 | 58 | 67 | 101 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report. † Figures for the marked years come from a report filed as PDF and may be incomplete.
Risks and obligationsAll clear1 for information
Data from public registers, not a credit rating.
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State aid and grants
1 recordState aid and de minimis aid in total 12 540 € (2019). Largest grantors: Eesti Töötukassa (12 540 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 12 540 € | 11.04.2019 |
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 ↗