Hartcom OÜ

Registered

12701185Private limited company (OÜ)Founded 2014

Key figures

682 842 €+16,1%

Revenue 2025

+7,2%

Average annual growth 2019–2025

Ratios

2025

14,4%

Profit margin

18,8%

EBITDA margin

67,9%

Equity ratio

2,7×

Current ratio

94,6%

Return on equity

2954 €

Average gross salary

Summary: Hartcom OÜ

What kind of company is it?

Hartcom OÜ (registry code 12701185) 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: Valga linn, Valga 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 EE102231557).

How is the company doing financially?

Revenue in financial year 2025 was 682 842 €, up 16,1% on the previous year (588 305 €). From 2019 to 2025, revenue grew by an average of 7,2% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 98 631 € (14,4% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 5 employees (7 a year earlier). Revenue per employee was 136 568 €. At the end of financial year 2025, total assets were 153 662 € and equity 104 306 € (67,9% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, the company declared no turnover in Q3 2026. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2950 € per month.

Who runs the company and who owns it?

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.

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 27.05.2026. 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	0 €	2	9647 €
Q2 2026	2419 €	2	8549 €
Q1 2026	0 €	2	9377 €
Q4 2025	0 €	2	5930 €
Q3 2025	0 €	2	6719 €
Q2 2025	22 377 €	2	11 953 €
Q1 2025	1500 €	3	10 558 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Dividends

calculated

2025

Distributed as dividends 52 464 € (95% of distributable profit).

History

202552 464 €

202470 250 €

202327 370 €

202215 349 €

202124 000 €

202024 000 €

Summary of financial statements2021–2025

	2021	2022	2023	2024	2025
Sales revenue	266 952	442 884	539 571	588 305	682 842
Net profit	14 710	29 681	67 193	37 693	98 631
Retained earnings	19 331	18 692	20 753	17 696	2925
Total assets	87 163	122 997	190 815	123 128	153 662
Total liabilities	50 622	72 124	100 119	64 989	49 356
Total equity	36 541	50 873	90 696	58 139	104 306
Employees	6	6	6	7	5
Average gross salary (monthly)	2081	2897	3352	3495	3868
Calculated dividend	24 000	15 349	27 370	70 250	52 464

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

Registered

Business Register

Tax debt

None

Tax and Customs Board list of tax debtors

Enforcement and official notices

None

Official Announcements (Ametlikud Teadaanded)

Consumer disputes

None

Consumer Disputes Committee (TTJA)

Annual report filing

3/3 filed

All on time

Business Register · 2023–2025

Commercial pledges

None

Business Register

Share pledges and disposal bans

None

Business Register

Data from public registers, not a credit rating.

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State aid and grants

1 record

State aid and de minimis aid in total 4800 € (2024). Largest grantors: Eesti Töötukassa (4800 €).

Show all aid records (1)

20244800 €

Grantor	Purpose	Amount	Date
Eesti Töötukassa	Palgatoetus VTA	4800 €	23.04.2024

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.

Related companies

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Same activity — Construction of residential and non-residential buildings