Thermest OÜ
RegisteredKey figures
Ratios
2024Summary: Thermest OÜ
What kind of company is it?
Thermest OÜ (registry code 14191328) is a private limited company (OÜ). The company was entered in the Commercial Register in 2017 and has been registered for 9 years. Registered location: Kardla küla, Tartu linn, Tartu maakond. According to the latest annual report, the main activity is other business support service activities n.e.c. (EMTAK 82991). The company is registered for VAT (VAT number EE102674729).
How is the company doing financially?
Revenue in financial year 2024 was 898 084 €, up 393% on the previous year (182 059 €). From 2019 to 2024, revenue grew by an average of 118% per year. This is the company's highest revenue among the published years (2019–2024). Net profit for financial year 2024 was 34 944 € (3,9% of revenue). The company was profitable in all 6 published financial years. According to the report, the company had no employees in financial year 2024. At the end of financial year 2024, total assets were 615 219 € and equity 145 854 € (23,7% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 66 898 €, down 73,9% on the same quarter a year earlier.
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 10.02.2025. 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.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 66 898 € | — | 0 € |
| Q2 2026 | 112 738 € | — | 0 € |
| Q1 2026 | 110 691 € | — | 0 € |
| Q4 2025 | 349 280 € | — | 0 € |
| Q3 2025 | 256 738 € | — | 0 € |
| Q2 2025 | 222 664 € | — | 0 € |
| Q1 2025 | 277 489 € | — | 0 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Sales revenue | 31 600 | 27 445 | 30 701 | 182 059 | 898 084 |
| Net profit | 31 513 | 5383 | 627 | 26 294 | 34 944 |
| Retained earnings | 44 593 | 76 106 | 81 489 | 82 116 | 108 410 |
| Total assets | 76 106 | 81 489 | 82 116 | 178 431 | 615 219 |
| Total liabilities | — | — | — | 70 021 | 469 365 |
| Total equity | 76 106 | 81 489 | 82 116 | 108 410 | 145 854 |
| Employees | 0 | 0 | 0 | 0 | 0 |
| 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
2 recordsState aid and de minimis aid in total 21 380 € (2021–2024). Largest grantors: Elering AS (13 880 €), Ettevõtluse ja Innovatsiooni Sihtasutus (7500 €).
Show all aid records (2)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Innovatsiooni osak | 7500 € | 05.02.2024 |
| Elering AS | Tegevusabi taastuvallikatest toodetud energia edendamiseks väikekäitistes (artikkel 43) | 13 880 € | 31.01.2021 |
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.