HML Project Management OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 147 861 € | 5 | 45 182 € |
| Q2 2026 | 310 056 € | 5 | 52 294 € |
| Q1 2026 | 201 573 € | 6 | 58 222 € |
| Q4 2025 | 142 276 € | 4 | 56 498 € |
| Q3 2025 | 111 683 € | 5 | 84 777 € |
| Q2 2025 | 187 806 € | 8 | 95 288 € |
| Q1 2025 | 247 851 € | 11 | 123 888 € |
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.
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 | 227 078 | 235 490 | 585 973 | 523 308 | 869 830 | 1 144 512 | 381 047 |
| Total non-current assets | 89 652 | 53 102 | 39 999 | 31 793 | 105 359 | 88 986 | 66 421 |
| Total assets | 316 730 | 288 592 | 625 972 | 555 101 | 975 189 | 1 233 498 | 447 468 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 144 702 | 128 375 | 227 013 | 143 044 | 244 383 | 217 618 | 152 014 |
| Non-current liabilities | 27 792 | 10 454 | 4400 | 0 | 49 717 | 41 332 | 32 395 |
| Total liabilities | 172 494 | 138 829 | 231 413 | 143 044 | 294 100 | 258 950 | 184 409 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 196 962 | 131 563 | 100 803 | 392 059 | 393 428 | 463 273 | 972 048 |
| Profit for the year | −55 226 | 15 700 | 291 256 | 17 498 | 285 161 | 508 775 | −711 489 |
| Total equity | 144 236 | 149 763 | 394 559 | 412 057 | 681 089 | 974 548 | 263 059 |
| Income statement | |||||||
| Sales revenue | 919 915 | 706 005 | 1 588 373 | 1 244 902 | 1 599 727 | 2 325 328 | 649 311 |
| Operating profit | −55 126 | 15 684 | 303 977 | 20 589 | 291 867 | 564 972 | −709 405 |
| EBITDA | −30 127 | — | — | 34 043 | 306 151 | 588 401 | −685 287 |
| Profit before income tax | −55 226 | 15 700 | 303 925 | 20 600 | 291 115 | 561 701 | −711 489 |
| Profit for the reporting year | −55 226 | 15 700 | 291 256 | 17 498 | 285 161 | 508 775 | −711 489 |
| Labour costs | — | 416 738 | 690 807 | 698 468 | 768 894 | 1 035 070 | 777 518 |
| Depreciation of non-current assets | 24 999 | — | — | 13 454 | 14 284 | 23 429 | 24 118 |
| Other indicators | |||||||
| Employees | 12 | 9 | 10 | 12 | 14 | 17 | 13 |
| Calculated dividend | — | 10 173 | 46 460 | 0 | 16 129 | 215 316 | 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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Public procurement
2 contractsPublic contracts won worth 3500 € from 2 contracting authorities (08.02.2025–12.03.2025). Plus 1 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Põltsamaa Lossi tn 49 teenushoone energiatõhususe parandamiseks koostatud projektide ekspertiis | Sihtasutus Põltsamaa Tervis | 3500 € | 12.03.2025 |
| Ekspertiiside ja auditite tellimise raamhange | Tallinna Linnavaraamet | up to 500 000 € | 08.02.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: HML Project Management OÜ
Overview
HML Project Management OÜ (registry code 12097424) 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: Orissaare alevik, Saaremaa vald, Saare maakond. According to the latest annual report, the main activity is engineering activities and related technical consulting (EMTAK 7112). The company is registered for VAT (VAT number EE101509387).
Financial results
Revenue in financial year 2025 was 649 311 €, down 72,1% on the previous year (2 325 328 €). From 2019 to 2025, revenue declined by an average of 5,6% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 711 489 €. The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 13 employees (17 a year earlier). Revenue per employee was 49 947 €. At the end of financial year 2025, total assets were 447 468 € and equity 263 059 € (58,8% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 147 861 €, up 32,4% on the same quarter a year earlier. The company had 5 employees in that quarter. Labour taxes paid in the quarter: 45 182 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 5350 € per month.
Management and owners
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by 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 29.06.2026. 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.