Kelts OÜ
RegisteredKey figures
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2025Summary: Kelts OÜ
What kind of company is it?
Kelts OÜ (registry code 12073286) 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: Neeruti küla, Otepää vald, Valga 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 EE101442143).
How is the company doing financially?
Revenue in financial year 2025 was 3 796 023 €, down 34,0% on the previous year (5 754 684 €). From 2019 to 2025, revenue grew by an average of 80,1% per year. Net profit for financial year 2025 was 157 890 € (4,2% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 2 employees. Revenue per employee was 1 898 012 €. At the end of financial year 2025, total assets were 861 803 € and equity 844 005 € (97,9% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 514 916 €, down 36,0% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 8006 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4760 € per month.
Who runs the company and who owns it?
The company has one management board member. 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. The LEI code (6488AMC5B8F32U86B040) 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 | 514 916 € | 1 | 8006 € |
| Q2 2026 | 444 195 € | 1 | 8006 € |
| Q1 2026 | 117 638 € | 1 | 8006 € |
| Q4 2025 | 222 190 € | 1 | 8006 € |
| Q3 2025 | 805 124 € | 1 | 8006 € |
| Q2 2025 | 1 041 173 € | 1 | 8027 € |
| Q1 2025 | 1 449 184 € | 1 | 7811 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 15 000 € (2% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 799 406 | 1 538 329 | 1 767 367 | 5 754 684 | 3 796 023 |
| Net profit | 143 074 | 156 654 | 61 092 | 361 175 | 157 890 |
| Retained earnings | 106 557 | 221 858 | 367 313 | 322 440 | 668 615 |
| Total assets | 355 983 | 473 813 | 619 318 | 1 433 547 | 861 803 |
| Total liabilities | 88 852 | 77 801 | 173 413 | 732 432 | 17 798 |
| Total equity | 267 131 | 396 012 | 445 905 | 701 115 | 844 005 |
| Employees | 2 | 2 | 2 | 2 | 2 |
| Average gross salary (monthly) | 858 | 1239 | 2140 | 2278 | 2305 |
| Calculated dividend | 0 | 27 773 | 11 199 | 105 965 | 15 000 |
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 obligations1 note7 clear
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 150 000 € (2019). Largest grantors: Põllumajanduse Registrite ja Informatsiooni Amet (150 000 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Põllumajanduse Registrite ja Informatsiooni Amet | Investeeringud | 150 000 € | 06.02.2019 |
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 ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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