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SummaryLegal & StatusTimelineNetworkOwnership & ManagementShareholdersUltimate Beneficial OwnerGeographyFinancialsFinancial HealthDocuments

Kumer Saag OÜ

🇪🇪Estonia•Osaühing•Active
Net margin (2023)Net margin
7.1%
YoY revenue (2022 vs 2023)YoY revenue
+21%
Current ratio (2023)Current ratio

Summary

Country🇪🇪Estonia
StatusActive
Registration Number11611586
Founded17/03/2009
AddressAia põik 4, Harku Alevik, Harku Vald, Harju Maakond, Harku Vald, Harju Maakond, 76902

Legal & Status

Legal FormOsaühing
StatusActive
Registration Date17/03/2009
Registry AuthorityEstonian Business Register / Äriregister
Registered Capital2,556

Source: Estonia RIK · Last updated: 24/04/2026

Timeline (2 events)

24/04/2026

Legal form changed

→ Osaühing

17/03/2009

Company incorporated

Incorporation date: 2009-03-17

Network

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Network depth

Ownership & Management

Persons with significant control

Raul Kivi

Person with significant control

Appointed: 18/10/2018

—
Jaanus Ritson

Person with significant control

Appointed: 18/10/2018

—

Ownership Timeline (2 changes)

18/10/2018

Appointed Raul Kivi (person)

Person with significant control

18/10/2018

Appointed Jaanus Ritson (person)

Person with significant control

Shareholders

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Ultimate Beneficial Owner

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Geography

Headquarters

Aia põik 4

Harku Alevik, Harku Vald, Harju Maakond

Harku Vald

Harju Maakond

76902

Financials

Key figures from annual accounts filings.

Convert to

2019

Turnover: €626.7K

Key figures

Turnover

2019€626,736
2020€814,972
2021€1,322,017
2022€1,815,584
2023€2,196,847

Revenue

2019€626,736
2020€814,972
2021€1,322,017
2022€1,815,584
2023€2,196,847

Profit / (loss)

2019€19,645
2020€32,492
2021€23,690
2022€-82,539
2023€155,754

Total assets

2019€111,803
2020€221,248
2021€335,405
2022€383,419
2023€399,833

Equity

2019€45,723
2020€78,442
2021€102,133
2022€19,594
2023€175,348

Share Capital

2019€2,556
2020€2,556
2021€2,556
2022€2,556
2023€2,556

Current Assets

2019€109,706
2020€220,308
2021€331,701
2022€360,387
2023€330,098

Admin expenses

2019€36,375
2020€55,752
2021€79,719
2022€142,549
2023€184,906

Assets

2019€111,803
2020€221,248
2021€335,405
2022€383,419
2023€399,833

Average Number Of Employees In Full Time Equivalent Units

20193
20203
20214
20225
20235

Cash And Cash Equivalents

2019€24,665
2020€89,264
2021€71,830
2022€36,835
2023€50,445

Current Liabilities

2019€66,080
2020€142,806
2021€233,272
2022€363,825
2023€220,785

Depreciation And Impairment Loss Reversal

2019€-359
2020€-436
2021€-559
2022€-1,071
2023€-3,062

Employee Expense

2019€-36,375
2020€-55,752
2021€-79,719
2022€-142,549
2023€-184,906

Issued Capital

2019€2,556
2020€2,556
2021€2,556
2022€2,556
2023€2,556

Labor Expense

2019€36,375
2020€55,752
2021€79,719
2022€142,549
2023€184,906

Non Current Assets

2019€2,097
2020€940
2021€3,704
2022€23,032
2023€69,735

Non Current Liabilities

2019—
2020—
2021—
2022—
2023€3,700

Retained Earnings Loss

2019€23,266
2020€43,138
2021€75,631
2022€99,321
2023€16,782

Total Annual Period Profit Loss

2019€19,645
2020€32,492
2021€23,690
2022€-82,539
2023€155,754

Total Profit Loss

2019€19,953
2020€33,326
2021€30,918
2022€-79,905
2023€160,440

Total Profit Loss Before Tax

2019€19,645
2020€32,492
2021€23,690
2022€-82,539
2023€155,754
Metric20192020202120222023
Turnover€626,736€814,972€1,322,017€1,815,584€2,196,847
Revenue€626,736€814,972€1,322,017€1,815,584€2,196,847
Profit / (loss)€19,645€32,492€23,690€-82,539€155,754
Total assets€111,803€221,248€335,405€383,419€399,833
Equity€45,723€78,442€102,133€19,594€175,348
Share Capital€2,556€2,556€2,556€2,556€2,556
Current Assets€109,706€220,308€331,701€360,387€330,098
Admin expenses€36,375€55,752€79,719€142,549€184,906
Assets€111,803€221,248€335,405€383,419€399,833
Average Number Of Employees In Full Time Equivalent Units33455
Cash And Cash Equivalents€24,665€89,264€71,830€36,835€50,445
Current Liabilities€66,080€142,806€233,272€363,825€220,785
Depreciation And Impairment Loss Reversal€-359€-436€-559€-1,071€-3,062
Employee Expense€-36,375€-55,752€-79,719€-142,549€-184,906
Issued Capital€2,556€2,556€2,556€2,556€2,556
Labor Expense€36,375€55,752€79,719€142,549€184,906
Non Current Assets€2,097€940€3,704€23,032€69,735
Non Current Liabilities————€3,700
Retained Earnings Loss€23,266€43,138€75,631€99,321€16,782
Total Annual Period Profit Loss€19,645€32,492€23,690€-82,539€155,754
Total Profit Loss€19,953€33,326€30,918€-79,905€160,440
Total Profit Loss Before Tax€19,645€32,492€23,690€-82,539€155,754

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Annual report

Accounts for the accounting period ending on: 31/12/2023

Filed: 02/07/2024

Annual report

Accounts for the accounting period ending on: 31/12/2022

Filed: 10/04/2024

Annual report

Accounts for the accounting period ending on: 31/12/2021

Filed: 30/06/2022

Annual report

Accounts for the accounting period ending on: 31/12/2020

Filed: 30/06/2021

Annual report

Accounts for the accounting period ending on: 31/12/2019

Filed: 31/10/2020

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Financial Health

Derived ratios from annual accounts. Values are omitted when data is missing or not meaningful.

Margins

Net margin (2019)
3.1%
Administrative expenses % of revenue (2019)
5.8%
Net margin (2020)
4%
Administrative expenses % of revenue (2020)
6.8%
Net margin (2021)
1.8%
  1. –
  2. –
  3. –Kumer Saag OÜ
Administrative expenses % of revenue (2021)
6%
Net margin (2022)
-4.5%
Administrative expenses % of revenue (2022)
7.9%
Net margin (2023)
7.1%
Administrative expenses % of revenue (2023)
8.4%

Growth

YoY revenue (2019 vs 2020)
+30%
YoY profit / (loss) (2019 vs 2020)
+65.4%
YoY total assets (2019 vs 2020)
+97.9%
YoY revenue (2020 vs 2021)
+62.2%
YoY profit / (loss) (2020 vs 2021)
-27.1%
YoY total assets (2020 vs 2021)
+51.6%
YoY revenue (2021 vs 2022)
+37.3%
YoY profit / (loss) (2021 vs 2022)
-448.4%
YoY total assets (2021 vs 2022)
+14.3%
YoY revenue (2022 vs 2023)
+21%
YoY profit / (loss) (2022 vs 2023)
+288.7%
YoY total assets (2022 vs 2023)
+4.3%
CAGR revenue (2019–2023)
+36.8%
CAGR profit / (loss) (2019–2023)
+67.8%
CAGR total assets (2019–2023)
+37.5%

Efficiency & returns

Asset turnover (2019)
5.61×
Return on assets (net) (2019)
17.6%
Asset turnover (2020)
3.68×
Return on assets (net) (2020)
14.7%
Asset turnover (2021)
3.94×
Return on assets (net) (2021)
7.1%
Asset turnover (2022)
4.74×
Return on assets (net) (2022)
-21.5%
Asset turnover (2023)
5.49×
Return on assets (net) (2023)
39%

Working capital & liquidity

Current ratio (2019)
1.66×
Current ratio (2020)
1.54×
Current ratio (2021)
1.42×
Current ratio (2022)
0.99×
Current ratio (2023)
1.5×

Capital structure

Equity ratio (2019)
40.9%
Liabilities to total assets (2019)
59.1%
Liabilities to equity (2019)
1.45×
Equity ratio (2020)
35.5%
Liabilities to total assets (2020)
64.5%
Liabilities to equity (2020)
1.82×
Equity ratio (2021)
30.5%
Liabilities to total assets (2021)
69.5%
Liabilities to equity (2021)
2.28×
Equity ratio (2022)
5.1%
Liabilities to total assets (2022)
94.9%
Liabilities to equity (2022)
18.57×
Equity ratio (2023)
43.9%
Liabilities to total assets (2023)
56.1%
Liabilities to equity (2023)
1.28×
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