Balte OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 395 199 € | 20 | 50 126 € |
| Q2 2026 | 266 510 € | 18 | 25 130 € |
| Q1 2026 | 219 230 € | 11 | 28 066 € |
| Q4 2025 | 559 323 € | 15 | 59 417 € |
| Q3 2025 | 460 501 € | 19 | 43 196 € |
| Q2 2025 | 196 422 € | 18 | 14 735 € |
| Q1 2025 | 73 293 € | 6 | 22 611 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 72 000 € (19% 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 | 190 348 | 188 801 | 201 146 | 258 646 | 156 973 | 305 258 | 461 266 |
| Total non-current assets | 206 158 | 245 863 | 261 682 | 265 243 | 405 037 | 192 796 | 163 356 |
| Total assets | 396 506 | 434 664 | 462 828 | 523 889 | 562 010 | 498 054 | 624 622 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 160 800 | 121 904 | 139 132 | 160 455 | 147 556 | 95 978 | 163 483 |
| Non-current liabilities | 18 950 | 37 905 | 35 392 | 33 730 | 80 231 | 28 627 | 18 378 |
| Total liabilities | 179 750 | 159 809 | 174 524 | 194 185 | 227 787 | 124 605 | 181 861 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 203 737 | 177 061 | 219 449 | 250 949 | 279 838 | 262 964 | 298 893 |
| Profit for the year | 10 463 | 95 238 | 66 299 | 76 199 | 51 829 | 107 929 | 141 312 |
| Total equity | 216 756 | 274 855 | 288 304 | 329 704 | 334 223 | 373 449 | 442 761 |
| Income statement | |||||||
| Sales revenue | 1 011 129 | 1 046 270 | 1 484 089 | 1 074 377 | 993 137 | 1 041 978 | 1 425 770 |
| Operating profit | 24 321 | 104 881 | 80 248 | 83 331 | 71 348 | 122 981 | 173 791 |
| EBITDA | 61 370 | 138 502 | 137 428 | 144 238 | 134 593 | 187 908 | 222 948 |
| Profit before income tax | 19 428 | 100 573 | 75 885 | 77 990 | 59 900 | 118 511 | 163 959 |
| Profit for the reporting year | 10 463 | 95 238 | 66 299 | 76 199 | 51 829 | 107 929 | 141 312 |
| Labour costs | 400 979 | 271 097 | 342 911 | 292 339 | 310 742 | 294 957 | 348 396 |
| Depreciation of non-current assets | 37 049 | 33 621 | 57 180 | 60 907 | 63 245 | 64 927 | 49 157 |
| Other indicators | |||||||
| Employees | 17 | 16 | 15 | 7 | 12 | 11 | 11 |
| Calculated dividend | — | 37 139 | 52 850 | 34 799 | 47 310 | 68 703 | 72 000 |
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.
Connections graph
Public procurement
1 contractsPublic contracts won worth 98 237 € from 1 contracting authorities (30.10.2025–30.10.2025).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Tiigi tn 14, Tartu hooviparkla rekonstrueerimine | Tartu Ülikool | 98 237 € | 30.10.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Balte OÜ
Overview
Balte OÜ (registry code 11671045) is a private limited company (OÜ). The company was entered in the Commercial Register in 2009 and has been registered for 17 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is other excavation and earthmoving work (EMTAK 43129). The company is registered for VAT (VAT number EE101335360).
Financial results
Revenue in financial year 2025 was 1 425 770 €, up 36,8% on the previous year (1 041 978 €). From 2019 to 2025, revenue grew by an average of 5,9% per year. Net profit for financial year 2025 was 141 312 € (9,9% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 11 employees. Revenue per employee was 129 615 €. At the end of financial year 2025, total assets were 624 622 € and equity 442 761 € (70,9% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 395 199 €, down 14,2% on the same quarter a year earlier. The company had 20 employees in that quarter. Labour taxes paid in the quarter: 50 126 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1640 € per month.
Management and owners
The company has one management board member. The sole owner of the company is a private individual.
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 16.06.2026. 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.