aktsiaselts KIVISEPAD

Active Registry code 10770992 AS Tartu linn Registered 6 Sep 2001
Compare

aktsiaselts KIVISEPAD is a AS based in Tartu linn, registry code 10770992, status: active. Main activity: Manufacture of products of granite, marble and natural stone. According to EMTA, turnover for Q3 2026 was €878 326 with 29 employees.

Turnover
878 326 €
↓ 0.4% vs Q2 2026
State taxes
141 531 €
↑ 4.3% vs Q2 2026
Labour taxes
97 635 €
↑ 0.9% vs Q2 2026
Employees
29
+2 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 878 326 €
    industry median 63 103 € · companies in the industry: 231
  • Labour taxes per employee 3 367 €
    industry median 1 860 € · companies in the industry: 208
  • Revenue · 2025 3.3 mn €
    industry median 34 797 € · companies in the industry: 376
  • Net profit margin · 2025 2.9 %
    industry median 2.4 % · companies in the industry: 309

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 878 326 € · −0.4% vs Q2 2026 · industry median 63 103 € · above 80% of the industry
02505007501 0001 250Q4 2023 Company: 883 255 € Industry median: 62 349 €Q4·23Q1 2024 Company: 734 261 € Industry median: 44 811 €Q2 2024 Company: 1 054 867 € Industry median: 65 768 €Q2·24Q3 2024 Company: 774 111 € Industry median: 62 989 €Q4 2024 Company: 932 033 € Industry median: 62 089 €Q4·24Q1 2025 Company: 964 198 € Industry median: 40 759 €Q2 2025 Company: 990 405 € Industry median: 67 824 €Q2·25Q3 2025 Company: 834 311 € Industry median: 67 530 €Q4 2025 Company: 1 060 673 € Industry median: 64 934 €Q4·25Q1 2026 Company: 909 788 € Industry median: 38 304 €Q2 2026 Company: 881 881 € Industry median: 56 788 €Q2·26Q3 2026 Company: 878 326 € Industry median: 63 103 €Q3·2602505007501 0001 250Q4 2024 Company: 932 033 € Industry median: 62 089 €Q1 2025 Company: 964 198 € Industry median: 40 759 €Q1·25Q2 2025 Company: 990 405 € Industry median: 67 824 €Q3 2025 Company: 834 311 € Industry median: 67 530 €Q3·25Q4 2025 Company: 1 060 673 € Industry median: 64 934 €Q1 2026 Company: 909 788 € Industry median: 38 304 €Q1·26Q2 2026 Company: 881 881 € Industry median: 56 788 €Q3 2026 Company: 878 326 € Industry median: 63 103 €Q3·26
  • 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: 3 367 € · −6.1% vs Q2 2026 · industry median 1 860 € · above 76% of the industry
01 0002 0003 0004 000Q4 2023 Company: 3 063 € Industry median: 1 833 €Q4·23Q1 2024 Company: 3 287 € Industry median: 1 772 €Q2 2024 Company: 3 369 € Industry median: 1 679 €Q2·24Q3 2024 Company: 3 311 € Industry median: 1 932 €Q4 2024 Company: 3 414 € Industry median: 2 075 €Q4·24Q1 2025 Company: 3 834 € Industry median: 2 099 €Q2 2025 Company: 3 539 € Industry median: 1 681 €Q2·25Q3 2025 Company: 3 632 € Industry median: 1 973 €Q4 2025 Company: 3 754 € Industry median: 2 105 €Q4·25Q1 2026 Company: 3 500 € Industry median: 1 818 €Q2 2026 Company: 3 585 € Industry median: 1 762 €Q2·26Q3 2026 Company: 3 367 € Industry median: 1 860 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 3 414 € Industry median: 2 075 €Q1 2025 Company: 3 834 € Industry median: 2 099 €Q1·25Q2 2025 Company: 3 539 € Industry median: 1 681 €Q3 2025 Company: 3 632 € Industry median: 1 973 €Q3·25Q4 2025 Company: 3 754 € Industry median: 2 105 €Q1 2026 Company: 3 500 € Industry median: 1 818 €Q1·26Q2 2026 Company: 3 585 € Industry median: 1 762 €Q3 2026 Company: 3 367 € Industry median: 1 860 €Q3·26
  • 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: 29 · +7.4% vs Q2 2026
0102030Q4 2023 Company: 30Q4·23Q1 2024 Company: 29Q2 2024 Company: 29Q2·24Q3 2024 Company: 29Q4 2024 Company: 29Q4·24Q1 2025 Company: 28Q2 2025 Company: 29Q2·25Q3 2025 Company: 29Q4 2025 Company: 29Q4·25Q1 2026 Company: 28Q2 2026 Company: 27Q2·26Q3 2026 Company: 29Q3·260102030Q4 2024 Company: 29Q1 2025 Company: 28Q1·25Q2 2025 Company: 29Q3 2025 Company: 29Q3·25Q4 2025 Company: 29Q1 2026 Company: 28Q1·26Q2 2026 Company: 27Q3 2026 Company: 29Q3·26
State taxes, € thousand Q3 2026: 141 531 € · +4.3% vs Q2 2026
050100150200Q4 2023 Company: 102 293 €Q4·23Q1 2024 Company: 138 860 €Q2 2024 Company: 135 074 €Q2·24Q3 2024 Company: 127 336 €Q4 2024 Company: 129 830 €Q4·24Q1 2025 Company: 141 989 €Q2 2025 Company: 133 442 €Q2·25Q3 2025 Company: 142 226 €Q4 2025 Company: 163 532 €Q4·25Q1 2026 Company: 134 631 €Q2 2026 Company: 135 721 €Q2·26Q3 2026 Company: 141 531 €Q3·26050100150200Q4 2024 Company: 129 830 €Q1 2025 Company: 141 989 €Q1·25Q2 2025 Company: 133 442 €Q3 2025 Company: 142 226 €Q3·25Q4 2025 Company: 163 532 €Q1 2026 Company: 134 631 €Q1·26Q2 2026 Company: 135 721 €Q3 2026 Company: 141 531 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 878 326 141 531 97 635 29
Q2 2026 881 881 135 721 96 798 27
Q1 2026 909 788 134 631 98 010 28
Q4 2025 1 060 673 163 532 108 857 29
Q3 2025 834 311 142 226 105 317 29
Q2 2025 990 405 133 442 102 620 29
Q1 2025 964 198 141 989 107 362 28
Q4 2024 932 033 129 830 99 015 29
Q3 2024 774 111 127 336 96 025 29
Q2 2024 1 054 867 135 074 97 693 29
Q1 2024 734 261 138 860 95 317 29
Q4 2023 883 255 102 293 91 880 30
Q3 2023 940 857 104 513 84 412 31
Q2 2023 990 384 87 679 81 289 28
Q1 2023 989 989 86 464 83 224 27
Q4 2022 1 092 879 105 962 84 085 28
Q3 2022 912 057 103 838 78 995 29
Q2 2022 1 070 218 71 439 72 858 29
Q1 2022 919 410 62 539 66 859 27
Labour taxes per employee per month
1 122 €
Turnover per employee in the quarter
30 287 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 3 262 574 € · +14.4% vs 2024 · industry median 34 797 € · above 90% of the industry
01 0002 0003 0004 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 2 151 087 € Industry median: 39 889 €20192020 Company: 2 417 860 € Industry median: 34 987 €20202021 Company: 3 258 404 € Industry median: 39 699 €20212022 Company: 3 473 461 € Industry median: 38 606 €20222023 Company: 3 146 193 € Industry median: 34 260 €20232024 Company: 2 852 232 € Industry median: 35 834 €20242025 Company: 3 262 574 € Industry median: 34 797 €202501 0002 0003 0004 0002018 Company: — Industry median: —2019 Company: 2 151 087 € Industry median: 39 889 €20192020 Company: 2 417 860 € Industry median: 34 987 €2021 Company: 3 258 404 € Industry median: 39 699 €20212022 Company: 3 473 461 € Industry median: 38 606 €2023 Company: 3 146 193 € Industry median: 34 260 €20232024 Company: 2 852 232 € Industry median: 35 834 €2025 Company: 3 262 574 € Industry median: 34 797 €2025
  • 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: 95 074 € · +260.2% vs 2024 · industry median 260 € · above 90% of the industry
-20002004006002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 162 111 € Industry median: 511 €20192020 Company: 257 668 € Industry median: 309 €20202021 Company: 480 380 € Industry median: 741 €20212022 Company: 312 832 € Industry median: 711 €20222023 Company: 40 964 € Industry median: 169 €20232024 Company: -59 340 € Industry median: 181 €20242025 Company: 95 074 € Industry median: 260 €2025-20002004006002018 Company: — Industry median: —2019 Company: 162 111 € Industry median: 511 €20192020 Company: 257 668 € Industry median: 309 €2021 Company: 480 380 € Industry median: 741 €20212022 Company: 312 832 € Industry median: 711 €2023 Company: 40 964 € Industry median: 169 €20232024 Company: -59 340 € Industry median: 181 €2025 Company: 95 074 € Industry median: 260 €2025
  • 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: 2.9 % · +5.0 pp vs the year before · industry median 2.4 % · above 51% of the industry
-50510152016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 7.5 % Industry median: 4.1 %20192020 Company: 10.7 % Industry median: 4.6 %20202021 Company: 14.7 % Industry median: 4.5 %20212022 Company: 9.0 % Industry median: 5.0 %20222023 Company: 1.3 % Industry median: 3.6 %20232024 Company: -2.1 % Industry median: 2.5 %20242025 Company: 2.9 % Industry median: 2.4 %2025-50510152018 Company: — Industry median: —2019 Company: 7.5 % Industry median: 4.1 %20192020 Company: 10.7 % Industry median: 4.6 %2021 Company: 14.7 % Industry median: 4.5 %20212022 Company: 9.0 % Industry median: 5.0 %2023 Company: 1.3 % Industry median: 3.6 %20232024 Company: -2.1 % Industry median: 2.5 %2025 Company: 2.9 % Industry median: 2.4 %2025
  • 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, € thousand 2025: 2 680 576 € · +1.0% vs 2024
01 0002 0003 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 589 470 €20192020 Company: 1 802 013 €20202021 Company: 2 302 115 €20212022 Company: 2 590 972 €20222023 Company: 2 539 462 €20232024 Company: 2 654 227 €20242025 Company: 2 680 576 €202501 0002 0003 0002018 Company: —2019 Company: 1 589 470 €20192020 Company: 1 802 013 €2021 Company: 2 302 115 €20212022 Company: 2 590 972 €2023 Company: 2 539 462 €20232024 Company: 2 654 227 €2025 Company: 2 680 576 €2025
Equity, € thousand 2025: 2 032 012 € · +4.9% vs 2024
05001 0001 5002 0002 5002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 204 435 €20192020 Company: 1 462 103 €20202021 Company: 1 902 482 €20212022 Company: 2 115 314 €20222023 Company: 2 056 278 €20232024 Company: 1 936 938 €20242025 Company: 2 032 012 €202505001 0001 5002 0002 5002018 Company: —2019 Company: 1 204 435 €20192020 Company: 1 462 103 €2021 Company: 1 902 482 €20212022 Company: 2 115 314 €2023 Company: 2 056 278 €20232024 Company: 1 936 938 €2025 Company: 2 032 012 €2025
Employees 2025: 29 · +0.0% vs 2024 · industry median 3 · above 86% of the industry
01020302016 Company: 25 Industry median: —20162017 Company: 25 Industry median: —20172018 Company: 23 Industry median: 3.520182019 Company: 21 Industry median: 320192020 Company: 22 Industry median: 320202021 Company: 25 Industry median: 420212022 Company: 28 Industry median: 420222023 Company: 29 Industry median: 320232024 Company: 29 Industry median: 320242025 Company: 29 Industry median: 3202501020302018 Company: 23 Industry median: 3.52019 Company: 21 Industry median: 320192020 Company: 22 Industry median: 32021 Company: 25 Industry median: 420212022 Company: 28 Industry median: 42023 Company: 29 Industry median: 320232024 Company: 29 Industry median: 32025 Company: 29 Industry median: 32025
  • 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 3 262 574 95 074 1 005 483 2 680 576 2 032 012 29
2024 2 852 232 -59 340 963 581 2 654 227 1 936 938 29
2023 3 146 193 40 964 883 147 2 539 462 2 056 278 29
2022 3 473 461 312 832 785 896 2 590 972 2 115 314 28
2021 3 258 404 480 380 667 323 2 302 115 1 902 482 25
2020 2 417 860 257 668 603 713 1 802 013 1 462 103 22
2019 2 151 087 162 111 568 550 1 589 470 1 204 435 21
2018 — — — — — 23
2017 — — — — — 25
2016 — — — — — 25
2015 — — — — — 22
2014 — — — — — 22
2013 — — — — — 23
2012 — — — — — 26
2011 — — — — — 21
2010 — — — — — 16
2009 — — — — — 20
2008 — — — — — 20
2007 — — — — — 23
2006 — — — — — 21
2005 — — — — — 19
2004 — — — — — 19
2003 — — — — — 14
2002 — — — — — 10

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
2.9 %
Net profit / revenue
Return on equity (ROE)
4.7 %
Net profit / equity
Return on assets (ROA)
3.5 %
Net profit / assets
Equity ratio
75.8 %
Equity / assets
Debt ratio
24.2 %
Liabilities / assets
Current ratio
4.36
Current assets / current liabilities
Revenue per employee
112 503 €
Revenue / average full-time employees
Labour cost per employee per month
2 889 €
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 2 Jul 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Jun 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 4 Jul 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Jun 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 18 Aug 2020 Company’s own · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Ago Luisti
    Board member · since 23 Feb 2005

Right of representation

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

Owners

No owner information.

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 23703Manufacture of products of granite, marble and natural stone Main
Rulings
Number, date Title Deadline State Document
Ä 20021157 / 8
21 Feb 2018
Amendment entry In force
21 Feb 2018
PDF
Ä 20021157 / 7
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 20021157 / 6
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 20021157 / M2
8 Jan 2014
Ruling to correct data outside an entry 7 Feb 2014 Deficiencies eliminated
27 Jan 2014
PDF
Ä 20021157 / 5
28 Jun 2013
Amendment entry In force
28 Jun 2013
PDF
Ä 20021157 / M1
17 May 2013
Ruling to eliminate deficiencies 16 Jun 2013 In force
17 May 2013
PDF
Ä 21157 / 4
3 Dec 2008
Deletion of activities from the registry card In force
9 Dec 2008
PDF
Ä 21157 / 3
22 Feb 2005
Amendment entry In force PDF
Ä 21157 / 2
2 Dec 2004
Amendment entry In force PDF

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