H.Kaarna OÜ

Registered
14373459Private limited company (OÜ)Founded 2017

Key figures

153 603 €+35,0%
Revenue 2025
+26,7%
Average annual growth 2019–2025
050 k100 k150 k200 k2019202020212022202320242025

Ratios

2025

Summary: H.Kaarna OÜ

What kind of company is it?

H.Kaarna OÜ (registry code 14373459) is a private limited company (OÜ). The company was entered in the Commercial Register in 2017 and has been registered for 8 years. Registered location: Vana-Otepää küla, Otepää vald, Valga maakond. According to the latest annual report, the main activity is other excavation and earthmoving work (EMTAK 43129). The company is registered for VAT (VAT number EE102154579).

How is the company doing financially?

Revenue in financial year 2025 was 153 603 €, up 35,0% on the previous year (113 795 €). From 2019 to 2025, revenue grew by an average of 26,7% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 41 323 € (26,9% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 153 603 €. At the end of financial year 2025, total assets were 332 511 € and equity 119 802 € (36,0% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 39 610 €, down 6,7% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 2983 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1060 € per month.

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.

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 29.06.2026. 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
QuarterRevenueNumber of employeesLabour taxes
Q3 202639 610 €22983 €
Q2 202628 827 €33829 €
Q1 202623 135 €21480 €
Q4 202540 302 €11442 €
Q3 202542 464 €1899 €
Q2 202522 602 €11099 €
Q1 202535 225 €11462 €

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

Summary of financial statements2021–2025
20212022202320242025
Sales revenue58 21283 25467 681113 795153 603
Net profit56842 24391418 09841 323
Retained earnings14 15514 72356 96757 88175 979
Total assets33 775190 028185 367221 852332 511
Total liabilities16 552130 562124 986143 373212 709
Total equity17 22359 46660 38178 479119 802
Employees11111
Average gross salary (monthly)744747—636717
Calculated dividend00000

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
Register status
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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100%H.Kaarna OÜ2Heivo Kikkas
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State aid and grants

4 records

State aid and de minimis aid in total 25 633 € (2020–2026). Largest grantors: Põllumajanduse Registrite ja Informatsiooni Amet (22 339 €), Eesti Töötukassa (3293 €).

Show all aid records (4)
202621 €
202122 319 €
20203293 €
GrantorPurposeAmountDate
Põllumajanduse Registrite ja Informatsiooni AmetInvesteeringud22 319 €14.12.2021
Eesti TöötukassaPalgatoetus VTA3293 €15.10.2020

The total also includes 2 tax reductions worth 21 € (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.

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