Velarte OÜ
RegisteredKey figures
Ratios
2025Summary: Velarte OÜ
What kind of company is it?
Velarte OÜ (registry code 12050061) is a private limited company (OÜ). The company was entered in the Commercial Register in 2011 and has been registered for 15 years. Registered location: Valgu-Vanamõisa küla, Märjamaa vald, Rapla 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 EE101431950).
How is the company doing financially?
Revenue in financial year 2025 was 152 339 €, down 49,0% on the previous year (298 981 €). From 2019 to 2025, revenue grew by an average of 10,2% per year. Net profit for financial year 2025 was 7677 € (5,0% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 152 339 €. At the end of financial year 2025, total assets were 283 658 € and equity 168 313 € (59,3% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 121 545 €, up 468% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 1212 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 550 € per month.
Who runs the company and who owns it?
The management board has 2 members. The sole owner of the company is a private individual.
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 30.06.2026. 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.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 121 545 € | 2 | 1212 € |
| Q2 2026 | 59 883 € | 1 | 2079 € |
| Q1 2026 | 94 083 € | 3 | 3535 € |
| Q4 2025 | 39 647 € | 3 | 743 € |
| Q3 2025 | 21 380 € | 1 | 3195 € |
| Q2 2025 | 37 756 € | 2 | 2272 € |
| Q1 2025 | 45 742 € | 2 | 3148 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 94 376 | 242 167 | 357 977 | 298 981 | 152 339 |
| Net profit | 1792 | 9544 | 29 867 | 18 228 | 7677 |
| Retained earnings | 108 987 | 110 497 | 120 041 | 139 908 | 158 136 |
| Total assets | 143 166 | 169 685 | 358 041 | 219 956 | 283 658 |
| Total liabilities | 29 888 | 47 144 | 205 633 | 59 320 | 115 345 |
| Total equity | 113 278 | 122 541 | 152 408 | 160 636 | 168 313 |
| Employees | 1 | 1 | 1 | 1 | 1 |
| Average gross salary (monthly) | — | 800 | 728 | 1249 | 1643 |
| Calculated dividend | 0 | 0 | 0 | 10 000 | 0 |
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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State aid and grants
3 recordsState aid and de minimis aid in total 6575 € (2020–2026). Largest grantors: SA Keskkonnainvesteeringute Keskus (4000 €), Eesti Töötukassa (2500 €), Riigi Tugiteenuste Keskus (75 €).
Show all aid records (3)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Koolitus VTA | 2500 € | 12.03.2026 |
| SA Keskkonnainvesteeringute Keskus | Muu | 4000 € | 12.04.2023 |
| Riigi Tugiteenuste Keskus | Muu | 75 € | 01.12.2020 |
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 ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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