VAAK Group OÜRegistered
Key figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 104 067 € | 7 | 8457 € |
| Q2 2026 | 70 592 € | 7 | 5183 € |
| Q1 2026 | 68 908 € | 4 | 5299 € |
| Q4 2025 | 86 770 € | 6 | 5911 € |
| Q3 2025 | 39 865 € | 5 | 3004 € |
| Q2 2025 | 16 843 € | 4 | 2373 € |
| Q1 2025 | 30 422 € | 4 | 3917 € |
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 | 19 080 | 16 506 | 57 398 | 68 309 | 79 868 | 31 798 | 30 531 |
| Total non-current assets | — | — | 1606 | 1934 | 9726 | 10 249 | 11 994 |
| Total assets | 19 080 | 16 506 | 59 004 | 70 243 | 89 594 | 42 047 | 42 525 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 3 | 2218 | 27 566 | 42 042 | 45 511 | 27 147 | 26 772 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 3 | 2218 | 27 566 | 42 042 | 45 511 | 27 147 | 26 772 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 19 448 | 7077 | 5054 | 28 938 | 25 701 | 41 583 | 12 400 |
| Profit for the year | −371 | 4711 | 23 884 | −3237 | 15 882 | −29 183 | 853 |
| Reserves and other equity | −2500 | — | — | — | — | — | — |
| Total equity | 19 077 | 14 288 | 31 438 | 28 201 | 44 083 | 14 900 | 15 753 |
| Income statement | |||||||
| Sales revenue | 0 | 32 262 | 361 724 | 699 518 | 985 629 | 668 330 | 175 668 |
| Operating profit | −371 | 7711 | 24 704 | −1026 | 18 343 | −24 755 | −2885 |
| EBITDA | — | — | 25 096 | −326 | 20 576 | −23 057 | −1012 |
| Profit before income tax | −371 | 7711 | 23 884 | −3237 | 15 882 | −29 183 | 853 |
| Profit for the reporting year | −371 | 4711 | 23 884 | −3237 | 15 882 | −29 183 | 853 |
| Labour costs | 0 | 0 | 16 663 | 34 992 | 65 212 | 75 624 | 46 418 |
| Depreciation of non-current assets | — | — | 392 | 700 | 2233 | 1698 | 1873 |
| Other indicators | |||||||
| Employees | 0 | 0 | 2 | 3 | 5 | 4 | 5 |
| Calculated dividend | — | 9500 | 6734 | 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 obligationsAll clear
Data from public registers, not a credit rating.
Connections graph
Public procurement
1 contractsPublic contracts won worth 0 € from 1 contracting authorities (25.08.2025–25.08.2025). Plus 1 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Turva- ja nõrkvoolusüsteemide renoveerimine ja paigaldus · Osa II | Tallinna Tehnikaülikool | up to 300 000 € | 25.08.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: VAAK Group OÜ
Overview
VAAK Group OÜ (registry code 12996890) is a private limited company (OÜ). The company was entered in the Commercial Register in 2016 and has been registered for 10 years. Registered location: Võnnu küla, Haapsalu linn, Lääne maakond. According to the latest annual report, the main activity is electrical installation works (EMTAK 43211). The company is registered for VAT (VAT number EE101859972).
Financial results
Revenue in financial year 2025 was 175 668 €, down 73,7% on the previous year (668 330 €). Net profit for financial year 2025 was 853 € (0,5% of revenue). The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 5 employees (4 a year earlier). Revenue per employee was 35 134 €. At the end of financial year 2025, total assets were 42 525 € and equity 15 753 € (37,0% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 104 067 €, up 161% on the same quarter a year earlier. The company had 7 employees in that quarter. Labour taxes paid in the quarter: 8457 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 900 € per month.
Management and owners
The management board has 2 members. The sole owner of the company is 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 23.05.2026. 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.