Heat Power OÜRegistered
Key figures
Ratios
2024/25Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 340 408 € | 3 | 7191 € |
| Q2 2026 | 356 838 € | 3 | 5968 € |
| Q1 2026 | 117 058 € | 3 | 4729 € |
| Q4 2025 | 99 271 € | 3 | 6335 € |
| Q3 2025 | 305 746 € | 4 | 7355 € |
| Q2 2025 | 249 071 € | 4 | 5186 € |
| Q1 2025 | 378 306 € | 4 | 5261 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2024
| 2019/20 | 2020/21 | 2021/22 | 2022/23 | 2023/24 | 2024/25 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 62 475 | 78 522 | 20 150 | 75 661 | 25 702 | 206 369 |
| Total non-current assets | 5504 | 105 158 | 97 467 | 119 556 | 115 749 | 107 679 |
| Total assets | 67 979 | 183 680 | 117 617 | 195 217 | 141 451 | 314 048 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 49 615 | 118 837 | 33 831 | 91 835 | 45 321 | 218 593 |
| Non-current liabilities | — | 45 263 | 37 116 | 21 993 | 6993 | 0 |
| Total liabilities | 49 615 | 164 100 | 70 947 | 113 828 | 52 314 | 218 593 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 13 554 | 15 864 | 17 080 | 44 170 | 78 889 | 86 637 |
| Profit for the year | 2310 | 1216 | 27 090 | 34 719 | 7748 | 6318 |
| Total equity | 18 364 | 19 580 | 46 670 | 81 389 | 89 137 | 95 455 |
| Income statement | ||||||
| Sales revenue | 286 099 | 345 703 | 192 703 | 486 458 | 410 006 | 625 137 |
| Operating profit | 5189 | 4093 | 30 128 | 37 189 | 12 564 | 13 112 |
| EBITDA | 8063 | 13 988 | 38 418 | 46 918 | 22 703 | 21 182 |
| Profit before income tax | 2310 | 1216 | 27 090 | 34 719 | 7748 | 6318 |
| Profit for the reporting year | 2310 | 1216 | 27 090 | 34 719 | 7748 | 6318 |
| Labour costs | 30 041 | 41 109 | 16 342 | 37 083 | 44 649 | 46 639 |
| Depreciation of non-current assets | 2874 | 9895 | 8290 | 9729 | 10 139 | 8070 |
| Other indicators | ||||||
| Employees | 3 | 3 | 2 | 3 | 3 | 4 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 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 obligations2 issues3 clear
Data from public registers, not a credit rating.
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Public procurement
3 contractsPublic contracts won worth 690 200 € from 3 contracting authorities (14.10.2024–30.03.2026).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Sinimäe katlamaja rekonstrueerimine | SW ENERGIA OÜ | 353 200 € | 30.03.2026 |
| Tõstamaa katlamaja renoveerimine | Osaühing SuFe | 337 000 € | 17.12.2025 |
| Mustvee katlamaja rekonstrueerimine energiatõhususe suurendamiseks · joint bid | Mustvee Vallavalitsus | 976 891 € | 14.10.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Heat Power OÜ
Overview
Heat Power OÜ (registry code 12770401) is a private limited company (OÜ). The company was entered in the Commercial Register in 2014 and has been registered for 11 years. Registered location: Rakvere linn, Lääne-Viru maakond. According to the latest annual report, the main activity is installation, repair and maintenance of heating, ventilation and air-conditioning equipment (EMTAK 43221). The company is registered for VAT (VAT number EE101763055).
Financial results
Revenue in financial year 2024/25 was 625 137 €, up 52,5% on the previous year (410 006 €). From 2019/20 to 2024/25, revenue grew by an average of 16,9% per year. This is the company's highest revenue among the published years (2019/20–2024/25). Net profit for financial year 2024/25 was 6318 € (1,0% of revenue). The company was profitable in all 6 published financial years. In financial year 2024/25 the company had 4 employees (3 a year earlier). Revenue per employee was 156 284 €. At the end of financial year 2024/25, total assets were 314 048 € and equity 95 455 € (30,4% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 340 408 €, up 11,3% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 7191 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1570 € per month.
Management and owners
The company has one management board member. According to the register, the company has 2 owners. The largest stake (100%) is held by a private individual.
Points to note
The annual report for financial year 2025 has not been filed on time.
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 2024/25) was filed on 28.11.2025. 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.