Cinet Grupp OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 317 030 € | 13 | 35 831 € |
| Q2 2026 | 338 191 € | 13 | 32 010 € |
| Q1 2026 | 421 011 € | 12 | 41 695 € |
| Q4 2025 | 386 519 € | 15 | 47 138 € |
| Q3 2025 | 339 275 € | 16 | 59 570 € |
| Q2 2025 | 394 784 € | 17 | 58 164 € |
| Q1 2025 | 562 941 € | 19 | 59 936 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2022–2025
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Balance sheet — assets | ||||
| Total current assets | 18 009 | 164 422 | 59 528 | 96 424 |
| Total non-current assets | 23 976 | 50 671 | 338 425 | 454 003 |
| Total assets | 41 985 | 215 093 | 397 953 | 550 427 |
| Balance sheet — liabilities and equity | ||||
| Current liabilities | 5993 | 97 425 | 141 007 | 187 596 |
| Non-current liabilities | — | — | 111 871 | 161 741 |
| Total liabilities | 5993 | 97 425 | 252 878 | 349 337 |
| Share capital | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | — | 35 992 | 115 168 | 142 575 |
| Profit for the year | 35 992 | 79 176 | 27 407 | 56 015 |
| Total equity | 35 992 | 117 668 | 145 075 | 201 090 |
| Income statement | ||||
| Sales revenue | 152 272 | 522 807 | 1 378 829 | 1 561 885 |
| Operating profit | 35 992 | 79 176 | 32 596 | 66 588 |
| EBITDA | 38 165 | 85 648 | 78 308 | 125 919 |
| Profit before income tax | 35 992 | 79 176 | 27 407 | 56 015 |
| Profit for the reporting year | 35 992 | 79 176 | 27 407 | 56 015 |
| Labour costs | 15 570 | 53 590 | 437 002 | 497 136 |
| Depreciation of non-current assets | 2173 | 6472 | 45 712 | 59 331 |
| Other indicators | ||||
| Employees | 1 | 2 | 18 | 16 |
| Calculated dividend | — | — | 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 obligations1 issue4 clear
Data from public registers, not a credit rating.
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Public procurement
1 contractsPublic contracts won worth 97 035 € from 1 contracting authorities (24.03.2026–24.03.2026).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Jõgeva jaama keskpinge maakaablite vahetus | AS Eesti Raudtee | 97 035 € | 24.03.2026 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Cinet Grupp OÜ
Overview
Cinet Grupp OÜ (registry code 16414659) is a private limited company (OÜ). The company was entered in the Commercial Register in 2022 and has been registered for 4 years. Registered location: Ulvi küla, Mustvee vald, Jõgeva maakond. According to the latest annual report, the main activity is construction of utility projects for electricity and telecommunications (EMTAK 42221). The company is registered for VAT (VAT number EE102451353).
Financial results
Revenue in financial year 2025 was 1 561 885 €, up 13,3% on the previous year (1 378 829 €). From 2022 to 2025, revenue grew by an average of 117% per year. This is the company's highest revenue among the published years (2022–2025). Net profit for financial year 2025 was 56 015 € (3,6% of revenue). The company was profitable in all 4 published financial years. In financial year 2025 the company had 16 employees (18 a year earlier). Revenue per employee was 97 618 €. At the end of financial year 2025, total assets were 550 427 € and equity 201 090 € (36,5% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 317 030 €, down 6,6% on the same quarter a year earlier. The company had 13 employees in that quarter. Labour taxes paid in the quarter: 35 831 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1780 € per month.
Management and owners
The company has one management board member. 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 01.04.2026. 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.