Velak Ehitab OÜ

Registered

14922460Private limited company (OÜ)Founded 2020

Key figures

91 601 €−44,1%

Revenue 2025

−6,6%

Average annual change 2020–2025

Ratios

2025

4,0%

Profit margin

6,9%

EBITDA margin

90,8%

Equity ratio

7,5×

Current ratio

7,0%

Return on equity

1460 €

Average gross salary

Summary: Velak Ehitab OÜ

What kind of company is it?

Velak Ehitab OÜ (registry code 14922460) is a private limited company (OÜ). The company was entered in the Commercial Register in 2020 and has been registered for 6 years. Registered location: Raadi alev, Tartu vald, Tartu maakond. According to the latest annual report, the main activity is construction of residential and non-residential buildings (EMTAK 41001). The company is registered for VAT (VAT number EE102235896).

How is the company doing financially?

Revenue in financial year 2025 was 91 601 €, down 44,1% on the previous year (163 858 €). From 2020 to 2025, revenue declined by an average of 6,6% per year. This is the company's lowest revenue among the published years (2020–2025). Net profit for financial year 2025 was 3682 € (4,0% of revenue). The company was profitable in 5 of the 6 published financial years. In financial year 2025 the company had 2 employees (3 a year earlier). Revenue per employee was 45 801 €. At the end of financial year 2025, total assets were 58 174 € and equity 52 814 € (90,8% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 108 332 €, up 315% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 6592 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1460 € 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 30.06.2026. 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

Quarter	Revenue	Number of employees	Labour taxes
Q3 2026	108 332 €	3	6592 €
Q2 2026	65 823 €	4	4317 €
Q1 2026	11 765 €	2	2493 €
Q4 2025	26 250 €	2	2959 €
Q3 2025	26 104 €	2	2329 €
Q2 2025	20 660 €	2	4421 €
Q1 2025	29 744 €	3	4859 €

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

	2021	2022	2023	2024	2025
Sales revenue	103 728	185 845	511 813	163 858	91 601
Net profit	7149	19 769	13 382	−513	3682
Retained earnings	6845	13 994	33 763	47 145	46 632
Total assets	20 819	38 454	55 135	58 552	58 174
Total liabilities	4325	2191	5490	9420	5360
Total equity	16 494	36 263	49 645	49 132	52 814
Employees	2	2	3	3	2
Average gross salary (monthly)	560	671	818	1021	1189
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 obligationsAll clear

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.

Connections graph

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State aid and grants

2 records

State aid and de minimis aid in total 2288 € (2023–2024). Largest grantors: Eesti Töötukassa (2288 €).

Show all aid records (2)

2024425 €

20231863 €

Grantor	Purpose	Amount	Date
Eesti Töötukassa	Palgatoetus VTA	425 €	01.01.2024
Eesti Töötukassa	Palgatoetus VTA	1863 €	18.08.2023

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.

Related companies

Largest in the same sector — Construction

Same activity — Construction of residential and non-residential buildings