Aktsiaselts Kiviõli Soojus

Active Registry code 10245027 AS Kiviõli linn Registered 24 Jul 1997

Aktsiaselts Kiviõli Soojus is a AS based in Kiviõli linn, registry code 10245027, status: active. Main activity: Steam and air conditioning supply. According to EMTA, turnover for Q3 2026 was €97 338 with 15 employees.

Turnover

97 338 €

↓ 80.2% vs Q2 2026

State taxes

31 024 €

↓ 30.4% vs Q2 2026

Labour taxes

31 726 €

↑ 6.0% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Electricity, gas, steam and air conditioning supply · EMTAK 35

Turnover · Q3 2026 97 338 €

above 80% of companies

industry median 3 039 € · companies in the industry: 735
Labour taxes per employee 2 115 €

above 38% of companies

industry median 2 710 € · companies in the industry: 179
Revenue · 2025 1.9 mn €

above 92% of companies

industry median 3 747 € · companies in the industry: 1 008
Net profit margin · 2025 -0.2 %

above 41% of companies

industry median 3.6 % · companies in the industry: 693

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 97 338 € · −80.2% vs Q2 2026 · industry median 3 039 € · above 80% of the industry

Company
Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 115 € · +6.0% vs Q2 2026 · industry median 2 710 € · above 38% of the industry

Company
Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 15 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 31 024 € · −30.4% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	97 338	31 024	31 726	15
Q2 2026	490 768	44 599	29 940	15
Q1 2026	1 027 396	59 953	30 257	15
Q4 2025	462 780	42 220	24 779	15
Q3 2025	94 862	32 161	33 048	14
Q2 2025	535 181	47 630	28 979	14
Q1 2025	857 522	62 920	27 532	14
Q4 2024	424 625	32 624	22 606	14
Q3 2024	94 813	26 429	27 289	14
Q2 2024	544 879	37 417	26 206	14
Q1 2024	1 038 088	57 558	26 065	16
Q4 2023	495 689	36 304	21 984	16
Q3 2023	106 618	27 826	28 506	15
Q2 2023	554 271	45 039	25 770	15
Q1 2023	831 252	45 474	22 700	15
Q4 2022	347 249	28 278	17 602	15
Q3 2022	72 270	25 190	25 926	15
Q2 2022	429 154	39 536	19 564	15
Q1 2022	680 235	53 709	19 125	15

Labour taxes per employee per month

705 €

Turnover per employee in the quarter

6 489 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 1 944 311 € · −4.2% vs 2024 · industry median 3 747 € · above 92% of the industry

Company
Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -3 104 € · −108.6% vs 2024 · industry median 0 € · above 24% of the industry

Company
Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -0.2 % · −1.9 pp vs the year before · industry median 3.6 % · above 41% of the industry

Company
Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 2 618 348 € · −3.0% vs 2024

Equity, € thousand 2025: 2 125 629 € · −0.1% vs 2024

Employees 2025: 15 · −11.8% vs 2024 · industry median 2 · above 85% of the industry

Company
Industry median

Industry: Electricity, gas, steam and air conditioning supply (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	1 944 311	-3 104	291 201	2 618 348	2 125 629	15
2024	2 030 052	36 275	266 528	2 698 645	2 128 734	17
2023	2 099 116	125	261 988	2 473 908	2 092 459	17
2022	1 520 177	16 623	237 170	2 377 411	2 092 334	15
2021	1 549 816	233 128	224 978	2 347 569	2 075 711	16
2020	1 360 956	55 306	222 718	2 137 321	1 842 583	16
2019	1 465 620	280 986	211 820	2 143 956	1 787 278	16
2018	—	—	—	—	—	16
2017	—	—	—	—	—	16
2016	—	—	—	—	—	16
2015	—	—	—	—	—	18
2014	—	—	—	—	—	18
2013	—	—	—	—	—	20
2012	—	—	—	—	—	21
2011	—	—	—	—	—	21
2010	—	—	—	—	—	22
2008	—	—	—	—	—	24
2007	—	—	—	—	—	23
2006	—	—	—	—	—	24
2005	—	—	—	—	—	26
2004	—	—	—	—	—	27
2003	—	—	—	—	—	27
2002	—	—	—	—	—	27
2001	—	—	—	—	—	27
1999	—	—	—	—	—	38
1998	—	—	—	—	—	41
1997	—	—	—	—	—	43

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

-0.2 %

Net profit / revenue

Return on equity (ROE)

-0.1 %

Net profit / equity

Return on assets (ROA)

-0.1 %

Net profit / assets

Equity ratio

81.2 %

Equity / assets

Debt ratio

18.8 %

Liabilities / assets

Current ratio

2.50

Current assets / current liabilities

Revenue per employee

129 621 €

Revenue / average full-time employees

Labour cost per employee per month

1 618 €

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	21 May 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	5 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	4 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	29 May 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	20 May 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	31 May 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	15 Jun 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
3	105 000 €	Swedbank AS	4 Jul 2024 – in force
2	36 088 €	Swedbank AS	19 Apr 2023 – in force
1	1 000 000 EEK	aktsiaselts Hansapank	4 Jul 2002 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Vladimir Tšikul
Board member · since 24 Jul 1997

Right of representation

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

Owners

No owner information.

Beneficial owners

Maksim Danilov
Member of a senior management body (management or supervisory board) · since 21 May 2026
Vladimir Tšurkin
Member of a senior management body (management or supervisory board) · since 21 Jan 2026
Vladislav Lazarevitš
Member of a senior management body (management or supervisory board) · since 20 May 2022
Vladimir Tšikul
Member of a senior management body (management or supervisory board) · since 28 Oct 2019

Founders and other persons

Juri Nedaškovski
Audit firm · 21 Feb 2019
AUDEST AUDIITORTEENUSTE OSAÜHING
Audit firm · 21 Feb 2019
Vladislav Lazarevitš
Supervisory board member · 1 Oct 2025
Vladimir Tšurkin
Supervisory board member · 11 Dec 2025
Maksim Danilov
Supervisory board member · 21 Jan 2026
Omanikukonto: LÜGANUSE VALLAVALITSUS
Shareholder · 928 000 € · 16 Aug 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

35301Steam and air conditioning supply Main
96231Day spa, massage salons and sauna activities

Rulings 33

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
K 40004105 / 18 4 Jul 2024	Commercial pledge entered		In force 4 Jul 2024	PDF
K 40004105 / 17 19 Apr 2023	Commercial pledge entered		In force 19 Apr 2023	PDF
Ä 40004105 / M19 30 Aug 2019	Ruling to correct data outside an entry	29 Sep 2019	Deficiencies eliminated 18 Sep 2019	PDF
Ä 40004105 / 16 12 Dec 2018	Amendment under Commercial Code § 525 (2)		In force 12 Dec 2018	PDF
Ä 40004105 / 15 13 Feb 2018	Amendment entry		In force 13 Feb 2018	PDF
Ä 40004105 / 14 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 40004105 / 13 5 Dec 2017	Amendment entry		In force 5 Dec 2017	PDF
Ä 40004105 / 12 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 40004105 / M18 10 Sep 2013	Ruling to correct data outside an entry	10 Oct 2013	Deficiencies eliminated 17 Sep 2013	PDF
Ä 40004105 / M17 15 Feb 2012	Ruling to be served	15 Apr 2012	In force 16 Feb 2012	PDF
Ä 40004105 / 11 20 May 2011	Amendment entry		In force 20 May 2011	PDF
Ä 40004105 / M16 24 Mar 2011	Ruling to be served	26 Jun 2011	In force 28 Mar 2011	PDF
Ä 40004105 / M15 21 Mar 2011	Ruling to be served	19 Jun 2011	In force 21 Mar 2011	PDF
Ä 40004105 / M14 14 Mar 2011	Ruling to be served	13 Jun 2011	In force 15 Mar 2011	PDF
Ä 40004105 / M13 14 Feb 2011	Ruling to eliminate deficiencies	25 May 2011	In force 14 Feb 2011	PDF
Ä 40004105 / M12 17 Jun 2010	Ruling to be served	15 Sep 2010	In force 17 Jun 2010	PDF
Ä 40004105 / M11 17 May 2010	Warning of a fine: deficiencies in the annual report	21 Nov 2010	Deficiencies eliminated 23 Aug 2010	PDF
Ä 40004105 / 10 17 May 2010	Deletion of activities from the registry card		In force 17 May 2010	PDF
Ä 40004105 / M10 12 Mar 2010	Ruling to be served	10 Jun 2010	In force 12 Mar 2010	PDF
Ä 4105 / 9 18 Nov 2009	Amendment entry		In force 18 Nov 2009	PDF
Ä 4105 / M9 17 Jul 2009	Ruling to be served	20 Oct 2009	In force 22 Jul 2009	PDF
Ä 4105 / M8 12 Mar 2009	Ruling to be served	15 Jun 2009	In force 17 Mar 2009	PDF
Ä 4105 / 8 31 Dec 2008	Amendment entry		In force 31 Dec 2008	PDF
Ä 4105 / M7 5 Dec 2008	Ruling to eliminate deficiencies (to be served)	3 Jun 2009	In force 5 Mar 2009	PDF
Ä 4105 / M6 21 Nov 2008	Warning of a fine: deficiencies in the annual report	19 Feb 2009	Deficiencies eliminated 5 Dec 2008	PDF
Ä 4105 / M5 17 Nov 2008	Warning of a fine: deficiencies in the annual report	16 Feb 2009	Deficiencies eliminated 5 Dec 2008	PDF
Ä 4105 / 7 13 May 2008	Amendment entry		In force 13 May 2008	PDF
Ä 4105 / M4 4 Oct 2007	Ruling to be served	6 Jan 2008	In force 8 Oct 2007	PDF
Ä 4105 / M3 5 Apr 2007	Ruling to be served	12 Jun 2007	In force 13 Apr 2007	PDF
Ä 4105 / 6 22 Apr 2004	Amendment entry		In force	PDF
Ä 4105 / M2 14 Nov 2003	Ruling to be served	14 Jan 2004	In force	PDF
Ä 4105 / 5 27 Sep 2002	Entry decision on the register’s own initiative		In force	PDF
K 14004 4 Jul 2002	Commercial pledge entered		In force	PDF

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

Aktsiaselts Kiviõli Soojus

Position in the industry Electricity, gas, steam and air conditioning supply · EMTAK 35

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 33