Vete Engineering OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 39 185 € | 2 | 0 € |
| Q2 2026 | 14 201 € | 2 | 0 € |
| Q1 2026 | 7573 € | 2 | 102 € |
| Q4 2025 | 1516 € | 1 | 1758 € |
| Q3 2025 | 1168 € | 1 | 1758 € |
| Q2 2025 | 7631 € | 1 | 1758 € |
| Q1 2025 | 9630 € | 1 | 2306 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2023–2025
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Balance sheet — assets | |||
| Total current assets | 131 388 | 63 279 | 27 684 |
| Total non-current assets | 2315 | 2836 | 1107 |
| Total assets | 133 703 | 66 115 | 28 791 |
| Balance sheet — liabilities and equity | |||
| Current liabilities | 1484 | 2180 | 614 |
| Non-current liabilities | — | — | — |
| Total liabilities | 1484 | 2180 | 614 |
| Share capital | 300 | 300 | 300 |
| Retained earnings of previous periods | — | 131 919 | 63 635 |
| Profit for the year | 131 919 | −68 284 | −35 758 |
| Total equity | 132 219 | 63 935 | 28 177 |
| Income statement | |||
| Sales revenue | 7000 | 610 | 0 |
| Operating profit | 131 792 | −68 763 | −35 837 |
| EBITDA | 131 893 | −66 784 | −34 108 |
| Profit before income tax | 131 919 | −68 284 | −35 758 |
| Profit for the reporting year | 131 919 | −68 284 | −35 758 |
| Labour costs | 2676 | 17 393 | 14 718 |
| Depreciation of non-current assets | 101 | 1979 | 1729 |
| Other indicators | |||
| Employees | 1 | 1 | 1 |
| 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 note4 clear
Data from public registers, not a credit rating.
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Public procurement
1 contractsPublic contracts won worth 33 899 € from 1 contracting authorities (23.04.2026–23.04.2026).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| BlueROV2 kaugjuhitava veealuse sõiduki uuendamine | Tallinna Tehnikaülikool | 33 899 € | 23.04.2026 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Vete Engineering OÜ
Overview
Vete Engineering OÜ (registry code 16693270) is a private limited company (OÜ). The company was entered in the Commercial Register in 2023 and has been registered for 3 years. Registered location: Mustamäe linnaosa, Tallinn, Harju maakond. The company is registered for VAT (VAT number EE102595507).
Financial results
There was no revenue in financial year 2025. Financial year 2025 ended with a loss of 35 758 €. The company was profitable in 1 of the 3 published financial years. In financial year 2025 the company had 1 employees. At the end of financial year 2025, total assets were 28 791 € and equity 28 177 € (97,9% of assets). Based on labour costs in the report, the estimated average gross salary was about 920 € per month.
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 39 185 €, up 3255% on the same quarter a year earlier. The company had 2 employees in that quarter.
Management and owners
The management board has 3 members. According to the register, the company has 3 owners. The largest stake (43%) is held by 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 26.08.2026. 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.