Heidelberg Materials Kunda AS

Active Registry code 10156772 AS Kunda linn Registered 21 Mar 1997

Heidelberg Materials Kunda AS is a AS based in Kunda linn, registry code 10156772, status: active. Main activity: Manufacture of cement. According to EMTA, turnover for Q3 2026 was €17 344 222 with 65 employees.

Turnover

17 344 222 €

↑ 45.2% vs Q2 2026

State taxes

3 091 285 €

↑ 33.0% vs Q2 2026

Labour taxes

484 639 €

↓ 34.6% vs Q2 2026

Employees

−1 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Manufacture of other non-metallic mineral products · EMTAK 23

Turnover · Q3 2026 17.3 mn €

above 98% of companies

industry median 63 103 € · companies in the industry: 231
Labour taxes per employee 7 456 €

above 98% of companies

industry median 1 860 € · companies in the industry: 208
Revenue · 2025 32.2 mn €

above 98% of companies

industry median 34 797 € · companies in the industry: 376
Net profit margin · 2025 3.9 %

above 54% of companies

industry median 2.4 % · companies in the industry: 309

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 17 344 222 € · +45.2% vs Q2 2026 · industry median 63 103 € · above 98% of the industry

Company
Industry median

Industry: Manufacture of other non-metallic mineral products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 7 456 € · −33.6% vs Q2 2026 · industry median 1 860 € · above 98% of the industry

Company
Industry median

Industry: Manufacture of other non-metallic mineral products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 65 · −1.5% vs Q2 2026

State taxes, € thousand Q3 2026: 3 091 285 € · +33.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	17 344 222	3 091 285	484 639	65
Q2 2026	11 947 636	2 324 432	740 596	66
Q1 2026	5 756 042	1 082 260	426 417	66
Q4 2025	10 509 007	2 035 736	437 009	66
Q3 2025	10 276 876	2 120 401	486 949	67
Q2 2025	9 266 879	2 398 169	1 174 238	67
Q1 2025	5 948 501	1 019 334	503 891	89
Q4 2024	9 022 750	1 509 409	453 005	92
Q3 2024	14 081 441	3 484 416	545 908	91
Q2 2024	9 673 980	1 835 367	779 885	91
Q1 2024	7 799 746	810 835	438 468	90
Q4 2023	15 276 706	2 000 417	423 273	89
Q3 2023	21 242 850	2 298 874	507 003	89
Q2 2023	9 979 424	1 770 696	734 104	89
Q1 2023	10 211 565	998 296	424 664	87
Q4 2022	16 311 041	1 702 168	409 208	90
Q3 2022	19 923 879	3 117 927	463 251	89
Q2 2022	11 800 982	1 843 074	701 242	91
Q1 2022	7 526 988	694 341	367 501	91

Labour taxes per employee per month

2 485 €

Turnover per employee in the quarter

266 834 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 32 191 307 € · +13.6% vs 2024 · industry median 34 797 € · above 98% of the industry

Company
Industry median

Industry: Manufacture of other non-metallic mineral products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 1 243 000 € · +169.0% vs 2024 · industry median 260 € · above 98% of the industry

Company
Industry median

Industry: Manufacture of other non-metallic mineral products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 3.9 % · +2.2 pp vs the year before · industry median 2.4 % · above 54% of the industry

Company
Industry median

Industry: Manufacture of other non-metallic mineral products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, mn € 2025: 34 787 000 € · +5.7% vs 2024

Equity, € thousand 2025: 26 951 000 € · +4.8% vs 2024

Employees 2025: 74 · −16.9% vs 2024 · industry median 3 · above 94% of the industry

Company
Industry median

Industry: Manufacture of other non-metallic mineral products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	32 191 307	1 243 000	4 833 000	34 787 000	26 951 000	74
2024	28 343 493	462 000	5 214 000	32 926 000	25 708 000	89
2023	37 793 591	3 966 000	4 822 000	44 671 000	34 579 000	87
2022	40 247 633	61 000	4 411 000	38 416 000	30 613 000	88
2021	34 299 000	-2 728 000	4 199 000	48 620 000	40 552 000	89
2020	27 308 691	-6 504 000	4 315 000	68 840 000	61 280 000	118
2019	41 834 077	2 465 000	6 338 000	103 903 000	85 784 000	170
2018	—	—	—	—	—	184
2017	—	—	—	—	—	187
2016	—	—	—	—	—	184
2015	—	—	—	—	—	196
2014	—	—	—	—	—	220
2013	—	—	—	—	—	219
2012	—	—	—	—	—	217
2011	—	—	—	—	—	218
2010	—	—	—	—	—	221
2009	—	—	—	—	—	259
2008	—	—	—	—	—	282
2007	—	—	—	—	—	239
2006	—	—	—	—	—	300
2005	—	—	—	—	—	345
2004	—	—	—	—	—	346
2003	—	—	—	—	—	345
2002	—	—	—	—	—	338
2001	—	—	—	—	—	347
2000	—	—	—	—	—	362
1999	—	—	—	—	—	372
1998	—	—	—	—	—	397

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin

3.9 %

Net profit / revenue

Return on equity (ROE)

4.6 %

Net profit / equity

Return on assets (ROA)

3.6 %

Net profit / assets

Equity ratio

77.5 %

Equity / assets

Debt ratio

22.5 %

Liabilities / assets

Current ratio

3.67

Current assets / current liabilities

Revenue per employee

435 784 €

Revenue / average full-time employees

Labour cost per employee per month

5 443 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	27 May 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	20 May 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	27 May 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	15 Jun 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	25 May 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	26 May 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	4 May 2020	Company’s own · audited	e-Äriregister

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Riho Iskül
Board member · since 10 Jun 2025
Imre Leetma
Procurator · since 27 Dec 2006
Urmas Kukk
Procurator · since 27 Dec 2006
Riho Iskül
Procurator · since 17 Jul 2023

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Any procurator may represent the public limited company in all legal acts related to its business. A procurator may transfer or encumber immovable property only if that right is entered on the registry card.

Owners

No owner information.

Beneficial owners

Bernd Scheifele
Member of a senior management body (management or supervisory board) · DEU · since 26 Apr 2023

Founders and other persons

Aktsiaselts PricewaterhouseCoopers
Audit firm · 28 Apr 2023
Giv K Brantenberg
Chairman of the supervisory board · 24 May 2022
Dominik Michel
Supervisory board member · 23 May 2024
Arvid Stjernberg
Supervisory board member · 19 May 2025
Neringa Veliene
Supervisory board member · 1 Jun 2026
Thea Stene
Supervisory board member · 1 Jun 2026
Omanikukonto: CRH EUROPE INVESTMENTS B.V.
Shareholder · 6 261 € · 16 Aug 2023
Omanikukonto: HEIDELBERGMATERIALS SWEDEN AB
Shareholder · 18 783 € · 30 Oct 2025

shared board members, owners or beneficial owners

Activities (EMTAK)

23511Manufacture of cement Main
08122Manufacture of crushed stone
35401Activities of brokers and agents for electric power and natural gas
38211Materials recovery
46191Activities of agents involved in non-specialised wholesale
68201Rental and operating of own or leased real estate

Rulings 44

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 39998493 / M13 27 Jul 2026	Ruling to correct data outside an entry	31 Aug 2026	Deficiencies eliminated 5 Aug 2026	PDF
Ä 39998493 / M12 16 Jun 2026	Ruling to eliminate deficiencies	16 Jul 2026	Deficiencies eliminated 21 Jul 2026	PDF
Ä 39998493 / 12 10 Jun 2025	Amendment entry		In force 10 Jun 2025	PDF
Ä 39998493 / M11 3 Jun 2025	Ruling to eliminate deficiencies	3 Jul 2025	Deficiencies eliminated 10 Jun 2025	PDF
Ä 39998493 / M10 29 May 2025	Ruling to eliminate deficiencies	28 Jun 2025	Deficiencies eliminated 10 Jun 2025	PDF
Ä 39998493 / M9 12 Jul 2024	Ruling to correct data outside an entry	11 Aug 2024	Deficiencies eliminated 2 Aug 2024	PDF
Ä 39998493 / M8 28 Jun 2024	Ruling to correct data outside an entry	28 Jul 2024	Deficiencies eliminated 2 Aug 2024	PDF
Ä 39998493 / 11 25 Jul 2023	Amendment entry		In force 25 Jul 2023	PDF
Ä 39998493 / 10 17 Jul 2023	Amendment entry		In force 17 Jul 2023	PDF
Ä 39998493 / M7 4 Jul 2023	Ruling to eliminate deficiencies	19 Jul 2023	Deficiencies eliminated 17 Jul 2023	PDF
Ä 39998493 / M6 22 Jan 2021	Ruling to eliminate deficiencies	5 Feb 2021	Deficiencies eliminated 22 Jan 2021	PDF
Ä 39998493 / 9 22 Jan 2021	Amendment entry		In force 22 Jan 2021	PDF
Ä 39998493 / M5 19 Oct 2020	Ruling to correct data outside an entry	2 Nov 2020	Deficiencies eliminated 26 Oct 2020	PDF
Ä 39998493 / M4 15 Nov 2018	Procedural ruling		In force 15 Nov 2018	PDF
Ä 39998493 / 8 15 Nov 2018	Amendment entry		In force 15 Nov 2018	PDF
Ä 39998493 / 7 13 Feb 2018	Amendment entry		In force 13 Feb 2018	PDF
Ä 39998493 / 6 19 Jan 2018	Amendment entry		In force 19 Jan 2018	PDF
Ä 39998493 / 5 5 Dec 2017	Amendment entry		In force 5 Dec 2017	PDF
Ä 39998493 / 4 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 39998493 / 3 10 Feb 2015	Amendment entry		In force 10 Feb 2015	PDF
Ä 39998493 / M3 19 Jun 2012	Ruling to be served	31 Dec 2012	In force 10 Sep 2012	PDF
Ä 39998493 / M2 15 Jun 2012	Ruling to be served	14 Sep 2012	In force 15 Jun 2012	PDF
Ä 39998493 / 2 2 May 2012	Entry made by the register on its own initiative		In force 2 May 2012	PDF
Ä 39998493 21 Jun 2011	Amendment entry		In force 21 Jun 2011	PDF
Ä 39998493 / M1 18 Jun 2010	Ruling to be served	16 Sep 2010	In force 18 Jun 2010	PDF
Ä -1507 / 21 1 Sep 2009	Second (constitutive) merger entry		In force 1 Sep 2009	PDF
Ä -1507 / M8 6 Aug 2009	Ruling to eliminate deficiencies (to be served)	11 Aug 2010	In force 7 Feb 2010	PDF
Ä -1507 / 20 3 Dec 2008	Deletion of activities from the registry card		In force 10 Dec 2008	PDF
Ä -1507 / 19 27 Jun 2008	Amendment entry		In force 27 Jun 2008	PDF
Ä -1507 / 18 18 Jul 2007	Amendment entry		In force 18 Jul 2007	PDF
Ä -1507 / M6 21 Jun 2007	Ruling to eliminate deficiencies (to be served)	23 Sep 2007	In force 25 Jun 2007	PDF
Ä -1507 / 17 12 Jun 2007	Amendment entry		In force 12 Jun 2007	PDF
Ä -1507 / 16 27 Dec 2006	Amendment entry		In force 27 Dec 2006	PDF
Ä -1507 / M5 18 Dec 2006	Ruling to eliminate deficiencies (to be served)	20 Mar 2007	In force 20 Dec 2006	PDF
Ä -1507 / 15 8 Aug 2005	Amendment entry		In force	PDF
Ä -1507 / 14 8 Mar 2004	Amendment entry		In force	PDF
K 3683 / 9 17 Dec 2003	Commercial pledge deleted		In force	PDF
K 3683 / 8 17 Dec 2003	Commercial pledge deleted		In force	PDF
K 3683 / 10 17 Dec 2003	Commercial pledge deleted		In force	PDF
Ä -1507 / 13 25 Sep 2003	Amendment entry		In force	PDF
Ä -1507 / 12 25 Jun 2003	Amendment entry		In force	PDF
Ä -1507 / 11 25 Nov 2002	Entry decision on the register’s own initiative		In force	PDF
Ä -1507 / 10 12 Jul 2002	Unpublished amendment entry		In force	PDF
Ä -1507 / M4 7 May 2002	Ruling to be served	7 Aug 2002	In force	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

Heidelberg Materials Kunda AS

Position in the industry Manufacture of other non-metallic mineral products · EMTAK 23

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 44