Niitsiku Agro OÜ
RegisteredKey figures
Ratios
2024Summary: Niitsiku Agro OÜ
What kind of company is it?
Niitsiku Agro OÜ (registry code 12822405) is a private limited company (OÜ). The company was entered in the Commercial Register in 2015 and has been registered for 11 years. Registered location: Puugnitsa küla, Setomaa vald, Võru maakond. According to the latest annual report, the main activity is growing of cereals (except rice), pulses and oilseeds (EMTAK 01111). The company is registered for VAT (VAT number EE101788784).
How is the company doing financially?
Revenue in financial year 2024 was 482 709 €, down 21,9% on the previous year (618 441 €). From 2019 to 2024, revenue declined by an average of 2,5% per year. Net profit for financial year 2024 was 9431 € (2,0% of revenue). The company was profitable in 5 of the 6 published financial years. In financial year 2024 the company had 5 employees. Revenue per employee was 96 542 €. At the end of financial year 2024, total assets were 2 502 295 € and equity 16 966 € (0,7% of assets). Based on labour costs in the report, the estimated average gross salary was about 2540 € per month.
What do the latest quarters show?
According to the Tax and Customs Board, the company declared no turnover in Q1 2026.
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.
What should you look out for?
The annual report for financial year 2025 has not been filed on time.
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 2024) was filed on 30.06.2025. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q1 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 |
|---|---|---|---|
| Q1 2026 | 0 € | — | 47 € |
| Q4 2025 | 95 574 € | 1 | — |
| Q3 2025 | 22 749 € | 1 | 4024 € |
| Q2 2025 | 91 539 € | 1 | 29 716 € |
| Q1 2025 | 25 170 € | 2 | 46 € |
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.
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Sales revenue | 334 060 | 541 943 | 631 769 | 618 441 | 482 709 |
| Net profit | 48 041 | 40 216 | 59 845 | −468 656 | 9431 |
| Retained earnings | 328 089 | 376 130 | 416 346 | 476 191 | 7535 |
| Total assets | 1 306 173 | 1 985 120 | 2 124 690 | 2 395 771 | 2 502 295 |
| Total liabilities | 895 043 | 1 533 774 | 1 648 499 | 2 388 236 | 2 485 329 |
| Total equity | 411 130 | 451 346 | 476 191 | 7535 | 16 966 |
| Employees | 5 | 5 | 5 | 5 | 5 |
| Average gross salary (monthly) | 1232 | 1957 | 2237 | 2556 | 2543 |
| 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 issues5 clear
Data from public registers, not a credit rating.
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State aid and grants
19 recordsState aid and de minimis aid in total 87 987 € (2017–2025). Largest grantors: Põllumajanduse Registrite ja Informatsiooni Amet (73 649 €), Eesti Töötukassa (8090 €), Maaelu Edendamise SA (6248 €).
Show all aid records (19)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Maaelu Edendamise SA | Põllumajanduslik VTA · Soft loan | 4517 €* | 26.04.2021 |
| Eesti Töötukassa | Põllumajanduslik VTA | 420 € | 14.02.2019 |
| Eesti Töötukassa | Põllumajanduslik VTA | 7670 € | 02.04.2018 |
| Maaelu Edendamise SA | Põllumajanduslik VTA · Guarantee | 1731 €* | 24.01.2018 |
The total also includes 15 tax reductions worth 73 649 € (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.