HEMLAND PROJEKT OÜ
RegisteredKey figures
Ratios
2025Summary: HEMLAND PROJEKT OÜ
What kind of company is it?
HEMLAND PROJEKT OÜ (registry code 12663266) is a private limited company (OÜ). The company was entered in the Commercial Register in 2014 and has been registered for 12 years. Registered location: Verhulitsa küla, Setomaa vald, Võru 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 EE101776408).
How is the company doing financially?
Revenue in financial year 2025 was 787 856 €, up 158% on the previous year (305 755 €). From 2019 to 2025, revenue grew by an average of 26,9% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 223 337 € (28,3% of revenue). The company was profitable in 3 of the 7 published financial years. In financial year 2025 the company had 4 employees. Revenue per employee was 196 964 €. At the end of financial year 2025, total assets were 350 829 € and equity 166 698 € (47,5% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 17 663 €, down 93,6% on the same quarter a year earlier. The company had 8 employees in that quarter. Labour taxes paid in the quarter: 6626 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 680 € 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 26.05.2026. 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 | 17 663 € | 8 | 6626 € |
| Q2 2026 | 38 110 € | 7 | 6564 € |
| Q1 2026 | 153 557 € | 6 | 7286 € |
| Q4 2025 | 306 329 € | 7 | 6859 € |
| Q3 2025 | 275 896 € | 6 | 5636 € |
| Q2 2025 | 101 395 € | 6 | 5356 € |
| Q1 2025 | 50 567 € | 4 | 6503 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 3499 €.
In addition, equity decreased by 65 000 € in ways other than from retained earnings — e.g. a share capital reduction, a payout from other reserves or a revaluation reserve adjustment. The open data does not show whether this was a payout to the owners.
Low confidence: the amount exceeds retained earnings from previous years, from which dividends can be paid by law — probably a merger, an opening balance adjustment or a reporting error.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 224 969 | 212 744 | 249 318 | 305 755 | 787 856 |
| Net profit | −168 762 | 6346 | −55 243 | −7116 | 223 337 |
| Retained earnings | −24 072 | −175 126 | −168 781 | −224 024 | −234 639 |
| Total assets | 15 539 | 38 373 | 95 599 | 175 956 | 350 829 |
| Total liabilities | 160 373 | 159 153 | 271 623 | 164 096 | 184 131 |
| Total equity | −144 834 | −120 780 | −176 024 | 11 860 | 166 698 |
| Employees | 5 | 4 | 4 | 4 | 4 |
| Average gross salary (monthly) | 803 | 1109 | 953 | 1270 | 1093 |
| Calculated dividend | 0 | 0 | 0 | 0 | 3499 |
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
State aid and grants
11 recordsState aid and de minimis aid in total 17 329 € (2016–2019). Largest grantors: Riigi Tugiteenuste Keskus (16 486 €), Põllumajanduse Registrite ja Informatsiooni Amet (843 €).
Show all aid records (11)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Riigi Tugiteenuste Keskus | Muu | 419 € | 14.12.2018 |
| Riigi Tugiteenuste Keskus | Nõustamine VTA | 421 € | 22.05.2018 |
| Riigi Tugiteenuste Keskus | Nõustamine VTA | 180 € | 29.03.2018 |
| Riigi Tugiteenuste Keskus | Nõustamine VTA | 259 € | 28.11.2017 |
| Riigi Tugiteenuste Keskus | Nõustamine VTA | 85 € | 04.05.2017 |
| Riigi Tugiteenuste Keskus | Nõustamine VTA | 59 € | 06.04.2017 |
| Riigi Tugiteenuste Keskus | Nõustamine VTA | 63 € | 16.02.2017 |
| Riigi Tugiteenuste Keskus | Muu | 15 000 € | 15.01.2016 |
The total also includes 3 tax reductions worth 843 € (e.g. the excise reduction on marked diesel fuel), not listed separately in the table.
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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