Osaühing KAEVAX

Active Registry code 10804248 OÜ Kaiavere küla Registered 27 Nov 2001

Osaühing KAEVAX is a OÜ based in Kaiavere küla, registry code 10804248, status: active. Main activity: Land drainage and land reclamation works. According to EMTA, turnover for Q3 2026 was €160 744 with 7 employees.

Turnover

160 744 €

↓ 27.2% vs Q2 2026

State taxes

46 828 €

↓ 14.7% vs Q2 2026

Labour taxes

25 565 €

↑ 0.1% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Specialised construction activities · EMTAK 43

Turnover · Q3 2026 160 744 €

above 89% of companies

industry median 23 017 € · companies in the industry: 6 974
Labour taxes per employee 3 652 €

above 94% of companies

industry median 1 236 € · companies in the industry: 5 958
Revenue · 2025 615 274 €

above 93% of companies

industry median 37 328 € · companies in the industry: 10 311
Net profit margin · 2025 11.6 %

above 67% of companies

industry median 3.9 % · companies in the industry: 8 588

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 160 744 € · −27.2% vs Q2 2026 · industry median 23 017 € · above 89% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 3 652 € · +0.1% vs Q2 2026 · industry median 1 236 € · above 94% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 7 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 46 828 € · −14.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	160 744	46 828	25 565	7
Q2 2026	220 756	54 879	25 540	7
Q1 2026	223 922	111 745	25 211	7
Q4 2025	183 273	52 323	28 614	7
Q3 2025	211 953	56 257	23 968	8
Q2 2025	97 935	36 671	24 309	7
Q1 2025	110 533	111 291	34 908	7
Q4 2024	227 120	69 945	37 615	7
Q3 2024	453 940	93 850	30 621	11
Q2 2024	277 317	53 196	26 423	10
Q1 2024	243 455	82 209	34 251	7
Q4 2023	102 186	37 207	27 475	8
Q3 2023	353 814	72 728	28 205	8
Q2 2023	213 455	36 179	22 640	8
Q1 2023	259 840	53 033	24 784	7
Q4 2022	290 063	93 604	29 129	8
Q3 2022	166 001	33 523	24 482	8
Q2 2022	236 190	38 118	24 884	8
Q1 2022	300 427	68 820	24 426	9

Labour taxes per employee per month

1 217 €

Turnover per employee in the quarter

22 963 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 615 274 € · −49.9% vs 2024 · industry median 37 328 € · above 93% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 71 363 € · −75.0% vs 2024 · industry median 561 € · above 98% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 11.6 % · −11.6 pp vs the year before · industry median 3.9 % · above 67% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 306 709 € · −25.6% vs 2024

Equity, € thousand 2025: 184 669 € · −35.9% vs 2024

Employees 2025: 7 · −12.5% vs 2024 · industry median 1 · above 90% of the industry

Company
Industry median

Industry: Specialised construction activities (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	615 274	71 363	241 654	306 709	184 669	7
2024	1 228 334	285 395	299 732	412 059	288 306	8
2023	930 570	50 250	254 433	398 617	285 911	8
2022	912 068	16 424	242 774	477 075	377 056	9
2021	986 841	31 360	240 276	681 985	521 727	12
2020	1 298 827	132 342	299 304	820 702	521 567	15
2019	1 145 425	54 421	302 606	901 651	584 225	15
2018	—	—	—	—	—	15
2017	—	—	—	—	—	12
2016	—	—	—	—	—	12
2015	—	—	—	—	—	12
2014	—	—	—	—	—	14
2013	—	—	—	—	—	14
2012	—	—	—	—	—	14
2011	—	—	—	—	—	15
2010	—	—	—	—	—	14
2009	—	—	—	—	—	13
2008	—	—	—	—	—	13
2007	—	—	—	—	—	10
2005	—	—	—	—	—	10
2004	—	—	—	—	—	6
2003	—	—	—	—	—	5
2002	—	—	—	—	—	4

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

11.6 %

Net profit / revenue

Return on equity (ROE)

38.6 %

Net profit / equity

Return on assets (ROA)

23.3 %

Net profit / assets

Equity ratio

60.2 %

Equity / assets

Debt ratio

39.8 %

Liabilities / assets

Current ratio

2.38

Current assets / current liabilities

Revenue per employee

87 896 €

Revenue / average full-time employees

Labour cost per employee per month

2 877 €

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	19 Apr 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	21 May 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	18 Mar 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	9 Apr 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	20 Apr 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	23 Apr 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	1 Jul 2020	Company’s own	e-Äriregister

Board

Andres Kõiv
Board member · since 27 Nov 2001

Right of representation

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

Owners

Andres Kõiv
Natural person · 2 556 €

100%

Beneficial owners

Andres Kõiv
Direct ownership · since 29 Oct 2018

Founders and other persons

Andres Kõiv
Founder · 20 000 € · 27 Nov 2001
Toomas Liivak
Founder · 20 000 € · 27 Nov 2001

shared board members, owners or beneficial owners

Activities (EMTAK)

43122Land drainage and land reclamation works Main

Rulings 12

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 20021729 / 9 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 20021729 / 8 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 20021729 / 7 6 Dec 2017	Amendment entry		In force 6 Dec 2017	PDF
Ä 20021729 / 6 3 Dec 2017	Amendment entry		In force 3 Dec 2017	PDF
Ä 20021729 / 5 8 Jul 2015	Amendment entry		In force 8 Jul 2015	PDF
K 20035393 / 2 15 Jun 2011	Commercial pledge deleted		In force 15 Jun 2011	PDF
Ä 21729 / 4 15 Dec 2008	Deletion of activities from the registry card		In force 15 Dec 2008	PDF
K 35393 26 Apr 2006	Commercial pledge entered		In force 26 Apr 2006	PDF
Ä 21729 / 3 1 Apr 2004	Amendment entry		In force	PDF
Ä 21729 / M2 5 Mar 2004	Ruling to eliminate deficiencies (to be served)	6 May 2004	In force	PDF
Ä 21729 / 2 1 Aug 2002	Unpublished amendment entry		In force	PDF
Ä 21729 / M1 12 Jun 2002	Ruling to eliminate deficiencies (to be served)	12 Aug 2002	In force	PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data

Osaühing KAEVAX

Position in the industry Specialised construction activities · EMTAK 43

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 12