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SummaryLegal & StatusTimelineNetworkOwnership & ManagementShareholdersUltimate Beneficial OwnerGeographyFinancialsFinancial HealthDocuments

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🇪🇪Estonia•Osaühing•Active
Net margin (2024)Net margin
-26.7%
YoY revenue (2023 vs 2024)YoY revenue
+75.1%
Current ratio (2024)Current ratio

Summary

Country🇪🇪Estonia
StatusActive
Registration Number14393109
Founded19/12/2017
AddressKundoja, Puusepa küla, Võru Vald, Võru Maakond, Võru Vald, Võru Maakond, 65551

Legal & Status

Legal FormOsaühing
StatusActive
Registration Date19/12/2017
Registry AuthorityEstonian Business Register / Äriregister
Registered Capital2,500

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

Timeline (2 events)

24/04/2026

Legal form changed

→ Osaühing

19/12/2017

Company incorporated

Incorporation date: 2017-12-19

Network

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Network depth

Ownership & Management

Persons with significant control

Peeter Heisler

Person with significant control

Appointed: 30/10/2018

—

Ownership Timeline (1 changes)

30/10/2018

Appointed Peeter Heisler (person)

Person with significant control

Shareholders

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Ultimate Beneficial Owner

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Geography

Headquarters

Kundoja

Puusepa küla, Võru Vald, Võru Maakond

Võru Vald

Võru Maakond

65551

Financials

Key figures from annual accounts filings.

Convert to

2019

Turnover: €11.0K

Key figures

Turnover

2019€10,987
2020€18,647
2021€20,834
2022€26,469
2023€19,813
2024€34,700

Revenue

2019€10,987
2020€18,647
2021€20,834
2022€26,469
2023€19,813
2024€34,700

Profit / (loss)

2019€743
2020€-1,329
2021€1,833
2022€15,290
2023€-7,418
2024€-9,280

Total assets

2019€4,140
2020€1,595
2021€3,607
2022€17,078
2023€16,242
2024€2,244

Equity

2019€1,100
2020€-229
2021€1,604
2022€16,894
2023€9,476
2024€196

Share Capital

2019€2,500
2020€2,500
2021€2,500
2022€2,500
2023€2,500
2024€2,500

Current Assets

2019€4,140
2020€1,595
2021€3,607
2022€17,078
2023€16,242
2024€2,244

Admin expenses

2019€10,051
2020€19,775
2021€18,754
2022€10,878
2023€26,899
2024€44,294

Assets

2019€4,140
2020€1,595
2021€3,607
2022€17,078
2023€16,242
2024€2,244

Average Number Of Employees In Full Time Equivalent Units

20192
20202
20211
20221
20233
20243

Cash And Cash Equivalents

2019—
2020—
2021€2,845
2022€17,078
2023—
2024€1,128

Current Liabilities

2019€3,040
2020€1,824
2021€2,003
2022€184
2023€6,766
2024€2,048

Employee Expense

2019€-10,051
2020€-19,775
2021€-18,754
2022€-10,878
2023€-26,899
2024€-44,294

Issued Capital

2019€2,500
2020€2,500
2021€2,500
2022€2,500
2023€2,500
2024€2,500

Labor Expense

2019€10,051
2020€19,775
2021€18,754
2022€10,878
2023€26,899
2024€44,294

Retained Earnings Loss

2019€423
2020€1,100
2021€-229
2022€1,604
2023€16,894
2024€9,476

Total Annual Period Profit Loss

2019€743
2020€-1,329
2021€1,833
2022€15,290
2023€-7,418
2024€-9,280

Total Profit Loss

2019€743
2020€-1,329
2021€1,833
2022€15,290
2023€-7,418
2024€-9,280

Total Profit Loss Before Tax

2019€743
2020€-1,329
2021€1,833
2022€15,290
2023€-7,418
2024€-9,280
Metric201920202021202220232024
Turnover€10,987€18,647€20,834€26,469€19,813€34,700
Revenue€10,987€18,647€20,834€26,469€19,813€34,700
Profit / (loss)€743€-1,329€1,833€15,290€-7,418€-9,280
Total assets€4,140€1,595€3,607€17,078€16,242€2,244
Equity€1,100€-229€1,604€16,894€9,476€196
Share Capital€2,500€2,500€2,500€2,500€2,500€2,500
Current Assets€4,140€1,595€3,607€17,078€16,242€2,244
Admin expenses€10,051€19,775€18,754€10,878€26,899€44,294
Assets€4,140€1,595€3,607€17,078€16,242€2,244
Average Number Of Employees In Full Time Equivalent Units221133
Cash And Cash Equivalents——€2,845€17,078—€1,128
Current Liabilities€3,040€1,824€2,003€184€6,766€2,048
Employee Expense€-10,051€-19,775€-18,754€-10,878€-26,899€-44,294
Issued Capital€2,500€2,500€2,500€2,500€2,500€2,500
Labor Expense€10,051€19,775€18,754€10,878€26,899€44,294
Retained Earnings Loss€423€1,100€-229€1,604€16,894€9,476
Total Annual Period Profit Loss€743€-1,329€1,833€15,290€-7,418€-9,280
Total Profit Loss€743€-1,329€1,833€15,290€-7,418€-9,280
Total Profit Loss Before Tax€743€-1,329€1,833€15,290€-7,418€-9,280

Documents

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Annual report

Accounts for the accounting period ending on: 31/12/2024

Filed: 30/06/2025

Annual report

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

Filed: 20/07/2024

Annual report

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

Filed: 20/09/2023

Muutmiskanne

01/09/2023

Annual report

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

Filed: 13/07/2022

Annual report

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

Filed: 06/09/2021

Annual report

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

Filed: 05/10/2020

Muutmiskanne

20/01/2018

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Liabilities to equity (2024)Liabilities to equity
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YoY profit / (loss) (2023 vs 2024)YoY profit / (loss)
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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)
6.8%
Administrative expenses % of revenue (2019)
91.5%
Net margin (2020)
-7.1%
Administrative expenses % of revenue (2020)
106%
Net margin (2021)
8.8%
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Administrative expenses % of revenue (2021)
90%
Net margin (2022)
57.8%
Administrative expenses % of revenue (2022)
41.1%
Net margin (2023)
-37.4%
Administrative expenses % of revenue (2023)
135.8%
Net margin (2024)
-26.7%
Administrative expenses % of revenue (2024)
127.6%

Growth

YoY revenue (2019 vs 2020)
+69.7%
YoY profit / (loss) (2019 vs 2020)
-278.9%
YoY total assets (2019 vs 2020)
-61.5%
YoY revenue (2020 vs 2021)
+11.7%
YoY profit / (loss) (2020 vs 2021)
+237.9%
YoY total assets (2020 vs 2021)
+126.1%
YoY revenue (2021 vs 2022)
+27%
YoY profit / (loss) (2021 vs 2022)
+734.2%
YoY total assets (2021 vs 2022)
+373.5%
YoY revenue (2022 vs 2023)
-25.1%
YoY profit / (loss) (2022 vs 2023)
-148.5%
YoY total assets (2022 vs 2023)
-4.9%
YoY revenue (2023 vs 2024)
+75.1%
YoY profit / (loss) (2023 vs 2024)
-25.1%
YoY total assets (2023 vs 2024)
-86.2%
CAGR revenue (2019–2024)
+25.9%
CAGR total assets (2019–2024)
-11.5%

Efficiency & returns

Asset turnover (2019)
2.65×
Return on assets (net) (2019)
17.9%
Asset turnover (2020)
11.69×
Return on assets (net) (2020)
-83.3%
Asset turnover (2021)
5.78×
Return on assets (net) (2021)
50.8%
Asset turnover (2022)
1.55×
Return on assets (net) (2022)
89.5%
Asset turnover (2023)
1.22×
Return on assets (net) (2023)
-45.7%
Asset turnover (2024)
15.46×
Return on assets (net) (2024)
-413.5%

Working capital & liquidity

Current ratio (2019)
1.36×
Current ratio (2020)
0.87×
Current ratio (2021)
1.8×
Current ratio (2022)
92.82×
Current ratio (2023)
2.4×
Current ratio (2024)
1.1×

Capital structure

Equity ratio (2019)
26.6%
Liabilities to total assets (2019)
73.4%
Liabilities to equity (2019)
2.76×
Equity ratio (2020)
-14.4%
Liabilities to total assets (2020)
114.4%
Equity ratio (2021)
44.5%
Liabilities to total assets (2021)
55.5%
Liabilities to equity (2021)
1.25×
Equity ratio (2022)
98.9%
Liabilities to total assets (2022)
1.1%
Liabilities to equity (2022)
0.01×
Equity ratio (2023)
58.3%
Liabilities to total assets (2023)
41.7%
Liabilities to equity (2023)
0.71×
Equity ratio (2024)
8.7%
Liabilities to total assets (2024)
91.3%
Liabilities to equity (2024)
10.45×
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