aktsiaselts KE INFRA

Active Registry code 10191969 AS Tartu linn Registered 7 Mar 1997
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aktsiaselts KE INFRA is a AS based in Tartu linn, registry code 10191969, status: active. Main activity: Construction of utility projects for fluids. According to EMTA, turnover for Q3 2026 was €9 371 389 with 80 employees.

Turnover
9 371 389 €
↓ 26.6% vs Q2 2026
State taxes
1 238 034 €
↑ 16.1% vs Q2 2026
Labour taxes
529 147 €
↑ 15.2% vs Q2 2026
Employees
80
−2 vs Q2 2026

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

Position in the industry Civil engineering · EMTAK 42

  • Turnover · Q3 2026 9.4 mn €
    industry median 52 240 € · companies in the industry: 1 125
  • Labour taxes per employee 6 614 €
    industry median 1 750 € · companies in the industry: 933
  • Revenue · 2025 31.2 mn €
    industry median 88 960 € · companies in the industry: 1 426
  • Net profit margin · 2025 6.0 %
    industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 9 371 389 € · −26.6% vs Q2 2026 · industry median 52 240 € · above 98% of the industry
05 00010 00015 000Q4 2023 Company: 7 781 646 € Industry median: 57 537 €Q4·23Q1 2024 Company: 2 911 379 € Industry median: 30 131 €Q2 2024 Company: 7 216 651 € Industry median: 43 636 €Q2·24Q3 2024 Company: 11 789 592 € Industry median: 55 552 €Q4 2024 Company: 11 013 066 € Industry median: 59 411 €Q4·24Q1 2025 Company: 2 750 060 € Industry median: 34 084 €Q2 2025 Company: 6 425 413 € Industry median: 44 234 €Q2·25Q3 2025 Company: 11 333 888 € Industry median: 54 940 €Q4 2025 Company: 9 889 712 € Industry median: 60 220 €Q4·25Q1 2026 Company: 9 271 637 € Industry median: 36 839 €Q2 2026 Company: 12 773 653 € Industry median: 44 874 €Q2·26Q3 2026 Company: 9 371 389 € Industry median: 52 240 €Q3·2605 00010 00015 000Q4 2024 Company: 11 013 066 € Industry median: 59 411 €Q1 2025 Company: 2 750 060 € Industry median: 34 084 €Q1·25Q2 2025 Company: 6 425 413 € Industry median: 44 234 €Q3 2025 Company: 11 333 888 € Industry median: 54 940 €Q3·25Q4 2025 Company: 9 889 712 € Industry median: 60 220 €Q1 2026 Company: 9 271 637 € Industry median: 36 839 €Q1·26Q2 2026 Company: 12 773 653 € Industry median: 44 874 €Q3 2026 Company: 9 371 389 € Industry median: 52 240 €Q3·26
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 6 614 € · +18.1% vs Q2 2026 · industry median 1 750 € · above 98% of the industry
02 0004 0006 0008 000Q4 2023 Company: 5 449 € Industry median: 1 696 €Q4·23Q1 2024 Company: 6 416 € Industry median: 1 534 €Q2 2024 Company: 4 582 € Industry median: 1 448 €Q2·24Q3 2024 Company: 5 626 € Industry median: 1 657 €Q4 2024 Company: 5 793 € Industry median: 1 890 €Q4·24Q1 2025 Company: 6 371 € Industry median: 1 717 €Q2 2025 Company: 4 793 € Industry median: 1 538 €Q2·25Q3 2025 Company: 7 328 € Industry median: 1 845 €Q4 2025 Company: 5 898 € Industry median: 2 070 €Q4·25Q1 2026 Company: 6 551 € Industry median: 1 721 €Q2 2026 Company: 5 602 € Industry median: 1 482 €Q2·26Q3 2026 Company: 6 614 € Industry median: 1 750 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 5 793 € Industry median: 1 890 €Q1 2025 Company: 6 371 € Industry median: 1 717 €Q1·25Q2 2025 Company: 4 793 € Industry median: 1 538 €Q3 2025 Company: 7 328 € Industry median: 1 845 €Q3·25Q4 2025 Company: 5 898 € Industry median: 2 070 €Q1 2026 Company: 6 551 € Industry median: 1 721 €Q1·26Q2 2026 Company: 5 602 € Industry median: 1 482 €Q3 2026 Company: 6 614 € Industry median: 1 750 €Q3·26
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 80 · −2.4% vs Q2 2026
020406080100Q4 2023 Company: 76Q4·23Q1 2024 Company: 75Q2 2024 Company: 78Q2·24Q3 2024 Company: 76Q4 2024 Company: 73Q4·24Q1 2025 Company: 75Q2 2025 Company: 80Q2·25Q3 2025 Company: 78Q4 2025 Company: 82Q4·25Q1 2026 Company: 80Q2 2026 Company: 82Q2·26Q3 2026 Company: 80Q3·26020406080100Q4 2024 Company: 73Q1 2025 Company: 75Q1·25Q2 2025 Company: 80Q3 2025 Company: 78Q3·25Q4 2025 Company: 82Q1 2026 Company: 80Q1·26Q2 2026 Company: 82Q3 2026 Company: 80Q3·26
State taxes, € thousand Q3 2026: 1 238 034 € · +16.1% vs Q2 2026
05001 0001 5002 000Q4 2023 Company: 740 502 €Q4·23Q1 2024 Company: 926 860 €Q2 2024 Company: 908 711 €Q2·24Q3 2024 Company: 1 681 285 €Q4 2024 Company: 1 304 498 €Q4·24Q1 2025 Company: 652 128 €Q2 2025 Company: 716 920 €Q2·25Q3 2025 Company: 1 551 613 €Q4 2025 Company: 1 348 164 €Q4·25Q1 2026 Company: 1 421 329 €Q2 2026 Company: 1 066 088 €Q2·26Q3 2026 Company: 1 238 034 €Q3·2605001 0001 5002 000Q4 2024 Company: 1 304 498 €Q1 2025 Company: 652 128 €Q1·25Q2 2025 Company: 716 920 €Q3 2025 Company: 1 551 613 €Q3·25Q4 2025 Company: 1 348 164 €Q1 2026 Company: 1 421 329 €Q1·26Q2 2026 Company: 1 066 088 €Q3 2026 Company: 1 238 034 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 9 371 389 1 238 034 529 147 80
Q2 2026 12 773 653 1 066 088 459 379 82
Q1 2026 9 271 637 1 421 329 524 041 80
Q4 2025 9 889 712 1 348 164 483 668 82
Q3 2025 11 333 888 1 551 613 571 588 78
Q2 2025 6 425 413 716 920 383 472 80
Q1 2025 2 750 060 652 128 477 788 75
Q4 2024 11 013 066 1 304 498 422 893 73
Q3 2024 11 789 592 1 681 285 427 593 76
Q2 2024 7 216 651 908 711 357 380 78
Q1 2024 2 911 379 926 860 481 223 75
Q4 2023 7 781 646 740 502 414 138 76
Q3 2023 18 681 659 1 986 825 397 017 81
Q2 2023 13 099 574 1 367 468 318 982 78
Q1 2023 4 107 266 627 770 355 736 75
Q4 2022 6 715 549 872 922 335 845 73
Q3 2022 7 874 906 1 013 977 327 805 78
Q2 2022 5 911 743 670 254 256 937 78
Q1 2022 1 115 842 644 545 360 723 74
Labour taxes per employee per month
2 205 €
Turnover per employee in the quarter
117 142 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 31 246 446 € · +10.6% vs 2024 · industry median 88 960 € · above 98% of the industry
010 00020 00030 00040 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 10 355 027 € Industry median: 87 742 €20192020 Company: 16 638 549 € Industry median: 79 900 €20202021 Company: 21 948 105 € Industry median: 85 202 €20212022 Company: 18 833 983 € Industry median: 83 429 €20222023 Company: 34 624 862 € Industry median: 84 652 €20232024 Company: 28 260 154 € Industry median: 74 590 €20242025 Company: 31 246 446 € Industry median: 88 960 €2025010 00020 00030 00040 0002018 Company: — Industry median: —2019 Company: 10 355 027 € Industry median: 87 742 €20192020 Company: 16 638 549 € Industry median: 79 900 €2021 Company: 21 948 105 € Industry median: 85 202 €20212022 Company: 18 833 983 € Industry median: 83 429 €2023 Company: 34 624 862 € Industry median: 84 652 €20232024 Company: 28 260 154 € Industry median: 74 590 €2025 Company: 31 246 446 € Industry median: 88 960 €2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 1 865 073 € · −7.3% vs 2024 · industry median 2 500 € · above 98% of the industry
01 0002 0003 0004 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 539 100 € Industry median: 3 099 €20192020 Company: 2 725 888 € Industry median: 1 997 €20202021 Company: 2 530 969 € Industry median: 2 977 €20212022 Company: 898 198 € Industry median: 2 069 €20222023 Company: 3 568 091 € Industry median: 2 486 €20232024 Company: 2 011 118 € Industry median: 1 984 €20242025 Company: 1 865 073 € Industry median: 2 500 €202501 0002 0003 0004 0002018 Company: — Industry median: —2019 Company: 539 100 € Industry median: 3 099 €20192020 Company: 2 725 888 € Industry median: 1 997 €2021 Company: 2 530 969 € Industry median: 2 977 €20212022 Company: 898 198 € Industry median: 2 069 €2023 Company: 3 568 091 € Industry median: 2 486 €20232024 Company: 2 011 118 € Industry median: 1 984 €2025 Company: 1 865 073 € Industry median: 2 500 €2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 6.0 % · −1.1 pp vs the year before · industry median 5.0 % · above 53% of the industry
051015202016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 5.2 % Industry median: 6.0 %20192020 Company: 16.4 % Industry median: 5.2 %20202021 Company: 11.5 % Industry median: 6.0 %20212022 Company: 4.8 % Industry median: 4.7 %20222023 Company: 10.3 % Industry median: 5.1 %20232024 Company: 7.1 % Industry median: 4.7 %20242025 Company: 6.0 % Industry median: 5.0 %2025051015202018 Company: — Industry median: —2019 Company: 5.2 % Industry median: 6.0 %20192020 Company: 16.4 % Industry median: 5.2 %2021 Company: 11.5 % Industry median: 6.0 %20212022 Company: 4.8 % Industry median: 4.7 %2023 Company: 10.3 % Industry median: 5.1 %20232024 Company: 7.1 % Industry median: 4.7 %2025 Company: 6.0 % Industry median: 5.0 %2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 9 332 462 € · +43.1% vs 2024
02 0004 0006 0008 00010 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 2 262 223 €20192020 Company: 4 827 377 €20202021 Company: 5 342 380 €20212022 Company: 5 093 862 €20222023 Company: 7 671 029 €20232024 Company: 6 522 726 €20242025 Company: 9 332 462 €202502 0004 0006 0008 00010 0002018 Company: —2019 Company: 2 262 223 €20192020 Company: 4 827 377 €2021 Company: 5 342 380 €20212022 Company: 5 093 862 €2023 Company: 7 671 029 €20232024 Company: 6 522 726 €2025 Company: 9 332 462 €2025
Equity, € thousand 2025: 3 702 277 € · +10.9% vs 2024
01 0002 0003 0004 0005 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 394 743 €20192020 Company: 3 120 631 €20202021 Company: 3 151 599 €20212022 Company: 1 849 797 €20222023 Company: 4 326 086 €20232024 Company: 3 337 204 €20242025 Company: 3 702 277 €202501 0002 0003 0004 0005 0002018 Company: —2019 Company: 1 394 743 €20192020 Company: 3 120 631 €2021 Company: 3 151 599 €20212022 Company: 1 849 797 €2023 Company: 4 326 086 €20232024 Company: 3 337 204 €2025 Company: 3 702 277 €2025
Employees 2025: 74 · +4.2% vs 2024 · industry median 2 · above 98% of the industry
0204060802016 Company: 78 Industry median: —20162017 Company: 78 Industry median: —20172018 Company: 68 Industry median: 320182019 Company: 63 Industry median: 320192020 Company: 68 Industry median: 320202021 Company: 72 Industry median: 320212022 Company: 72 Industry median: 320222023 Company: 73 Industry median: 220232024 Company: 71 Industry median: 220242025 Company: 74 Industry median: 220250204060802018 Company: 68 Industry median: 32019 Company: 63 Industry median: 320192020 Company: 68 Industry median: 32021 Company: 72 Industry median: 320212022 Company: 72 Industry median: 32023 Company: 73 Industry median: 220232024 Company: 71 Industry median: 22025 Company: 74 Industry median: 22025
  • Company
  • Industry median

Industry: Civil engineering (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 31 246 446 1 865 073 4 542 752 9 332 462 3 702 277 74
2024 28 260 154 2 011 118 3 924 969 6 522 726 3 337 204 71
2023 34 624 862 3 568 091 3 681 509 7 671 029 4 326 086 73
2022 18 833 983 898 198 3 019 461 5 093 862 1 849 797 72
2021 21 948 105 2 530 969 — 5 342 380 3 151 599 72
2020 16 638 549 2 725 888 — 4 827 377 3 120 631 68
2019 10 355 027 539 100 — 2 262 223 1 394 743 63
2018 — — — — — 68
2017 — — — — — 78
2016 — — — — — 78
2015 — — — — — 79
2014 — — — — — 77
2013 — — — — — 60
2012 — — — — — 66
2011 — — — — — 66
2010 — — — — — 66
2009 — — — — — 84
2008 — — — — — 74
2007 — — — — — 78
2006 — — — — — 67
2005 — — — — — 67
2004 — — — — — 68
2003 — — — — — 50
2002 — — — — — 50
2001 — — — — — 50
2000 — — — — — 50
1997 — — — — — 53

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
6.0 %
Net profit / revenue
Return on equity (ROE)
50.4 %
Net profit / equity
Return on assets (ROA)
20.0 %
Net profit / assets
Equity ratio
39.7 %
Equity / assets
Debt ratio
60.3 %
Liabilities / assets
Current ratio
1.66
Current assets / current liabilities
Revenue per employee
423 386 €
Revenue / average full-time employees
Labour cost per employee per month
5 116 €
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 30 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 25 Jul 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 1 Aug 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 30 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 2 Dec 2022 Consolidated · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 29 Dec 2021 Consolidated · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 26 Oct 2020 Consolidated · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
2 300 000 € AS SEB Pank 17 Oct 2013 – in force
1 300 000 € AS SEB Pank 31 Jan 2012 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Mart Rahuoja
    Board member · since 13 Aug 2009
  • Vladimir Kostin
    Board member · since 13 Aug 2009

Right of representation

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

Owners

No owner information.

Owner in

Beneficial owners

  • Aksana Novitski
    Member of a senior management body (management or supervisory board) · since 19 Aug 2024
  • Arti Arakas
    Indirect ownership · since 19 Mar 2024
  • Vladimir Kostin
    Direct ownership · since 19 Mar 2024
  • Andres Valdmaa
    Member of a senior management body (management or supervisory board) · since 3 Sep 2018
  • Frank Õim
    Indirect ownership · since 3 Sep 2018
  • Mart Rahuoja
    Member of a senior management body (management or supervisory board) · since 3 Sep 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 4221Construction of utility projects for fluids Main
Rulings
Number, date Title Deadline State Document
Ä 20003364 / M10
8 Jul 2025
Warning of a fine: annual report not filed 7 Aug 2025 Deficiencies eliminated
26 Jul 2025
PDF
Ä 20003364 / 18
15 Aug 2024
Amendment entry In force
15 Aug 2024
PDF
Ä 20003364 / M9
7 Jul 2024
Warning of a fine: annual report not filed 6 Aug 2024 Deficiencies eliminated
2 Aug 2024
PDF
Ä 20003364 / 17
20 Oct 2023
Amendment entry In force
20 Oct 2023
PDF
Ä 20003364 / M8
17 Oct 2023
Ruling to eliminate deficiencies 17 Nov 2023 Deficiencies eliminated
19 Oct 2023
PDF
Ä 20003364 / 16
18 Jan 2018
Amendment entry In force
18 Jan 2018
PDF
Ä 20003364 / 15
22 Dec 2017
Amendment entry In force
22 Dec 2017
PDF
Ä 20003364 / 14
3 Dec 2017
Amendment entry In force
3 Dec 2017
PDF
Ä 20003364 / 13
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 20003364 / M7
10 Aug 2017
Ruling to eliminate deficiencies 9 Sep 2017 Deficiencies eliminated
10 Aug 2017
PDF
Ä 20003364 / 12
2 Mar 2016
Amendment entry In force
2 Mar 2016
PDF
Ä 20003364 / 11
19 Feb 2016
Division entry (second, constitutive) In force
19 Feb 2016
PDF
Ä 20003364 / M6
18 Nov 2013
Refund of the state fee In force
18 Nov 2013
PDF
Ä 20003364 / 9
17 Oct 2013
Amendment entry In force
17 Oct 2013
PDF
K 20003364 / 10
17 Oct 2013
Commercial pledge entered In force
17 Oct 2013
PDF
K 20003364 / M5
7 Oct 2013
Ruling to eliminate deficiencies 6 Nov 2013 Deficiencies eliminated
17 Oct 2013
PDF
Ä 20003364 / M4
5 Sep 2013
Ruling to correct data outside an entry 5 Oct 2013 Deficiencies eliminated
6 Sep 2013
PDF
Ä 20003364 / 8
16 Feb 2012
Second (constitutive) merger entry In force
16 Feb 2012
PDF
Ä 20003364 / M3
13 Feb 2012
Ruling to eliminate deficiencies 10 Apr 2012 In force
13 Feb 2012
PDF
K 20058917
31 Jan 2012
Commercial pledge entered In force
31 Jan 2012
PDF
Ä 20003364 / 7
30 Nov 2011
Amendment entry In force
30 Nov 2011
PDF
Ä 20003364 / 6
6 May 2010
Deletion of activities from the registry card In force
6 May 2010
PDF
Ä 3364 / 5
13 Aug 2009
Amendment entry In force
13 Aug 2009
PDF
Ä 3364 / 4
21 May 2009
Division entry (second, constitutive) In force
21 May 2009
PDF
Ä 3364 / M2
12 May 2009
Ruling to eliminate deficiencies 12 Jun 2009 In force
12 May 2009
PDF
Ä 3364 / 3
6 Jan 2003
Entry decision on the register’s own initiative In force PDF

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