osaühing Kivi Grupp

Active Registry code 11006891 OÜ Tartu linn Registered 26 Mar 2004

osaühing Kivi Grupp is a OÜ based in Tartu linn, registry code 11006891, status: active. Main activity: Manufacture of machinery for mining, quarrying and construction. According to EMTA, turnover for Q3 2026 was €101 185 with 3 employees.

Turnover

101 185 €

↓ 10.1% vs Q2 2026

State taxes

17 221 €

↓ 30.0% vs Q2 2026

Labour taxes

12 117 €

↓ 22.1% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Manufacture of machinery and equipment n.e.c. · EMTAK 28

Turnover · Q3 2026 101 185 €

above 47% of companies

industry median 130 544 € · companies in the industry: 217
Labour taxes per employee 4 039 €

above 68% of companies

industry median 3 287 € · companies in the industry: 159
Revenue · 2025 1.5 mn €

above 75% of companies

industry median 111 300 € · companies in the industry: 279
Net profit margin · 2025 3.2 %

above 51% of companies

industry median 3.0 % · companies in the industry: 216

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 101 185 € · −10.1% vs Q2 2026 · industry median 130 544 € · above 47% of the industry

Company
Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 4 039 € · +3.9% vs Q2 2026 · industry median 3 287 € · above 68% of the industry

Company
Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 3 · −25.0% vs Q2 2026

State taxes, € Q3 2026: 17 221 € · −30.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	101 185	17 221	12 117	3
Q2 2026	112 594	24 601	15 552	4
Q1 2026	156 308	6 778	12 743	4
Q4 2025	643 589	—	27 892	5
Q3 2025	436 498	8 713	27 724	6
Q2 2025	365 153	14 302	12 444	9
Q1 2025	115 017	29 242	11 053	4
Q4 2024	226 083	44 443	8 237	3
Q3 2024	82 992	19 680	8 835	3
Q2 2024	164 175	39 429	10 088	3
Q1 2024	419 488	75 580	11 042	3
Q4 2023	384 915	16 728	6 880	3
Q3 2023	256 751	44 788	6 991	3
Q2 2023	157 984	24 785	8 640	3
Q1 2023	298 589	32 772	9 699	3
Q4 2022	382 514	—	6 572	3
Q3 2022	660 271	40 471	6 161	3
Q2 2022	308 180	50 424	6 388	2
Q1 2022	74 722	8 746	3 915	2

Labour taxes per employee per month

1 346 €

Turnover per employee in the quarter

33 728 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 1 501 839 € · +139.2% vs 2024 · industry median 111 300 € · above 75% of the industry

Company
Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 48 254 € · +4 121.7% vs 2024 · industry median 685 € · above 77% of the industry

Company
Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 3.2 % · +3.0 pp vs the year before · industry median 3.0 % · above 51% of the industry

Company
Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 378 818 € · −1.9% vs 2024

Equity, € thousand 2025: 337 872 € · +4.7% vs 2024

Employees 2025: 6 · +100.0% vs 2024 · industry median 8 · above 45% of the industry

Company
Industry median

Industry: Manufacture of machinery and equipment n.e.c. (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	1 501 839	48 254	185 157	378 818	337 872	6
2024	627 919	1 143	83 353	386 328	322 636	3
2023	1 184 054	191 628	76 836	607 267	399 823	3
2022	1 467 388	63 529	66 140	315 579	298 449	3
2021	626 588	46 296	72 197	316 066	291 854	3
2020	994 615	104 016	62 047	304 937	285 558	3
2019	466 471	64 712	28 523	204 930	181 542	2
2018	—	—	—	—	—	2
2017	—	—	—	—	—	1
2016	—	—	—	—	—	0
2015	—	—	—	—	—	0
2014	—	—	—	—	—	0
2013	—	—	—	—	—	0
2012	—	—	—	—	—	0
2011	—	—	—	—	—	0
2010	—	—	—	—	—	0
2009	—	—	—	—	—	0
2008	—	—	—	—	—	1
2007	—	—	—	—	—	1
2006	—	—	—	—	—	0
2005	—	—	—	—	—	0
2004	—	—	—	—	—	0

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

3.2 %

Net profit / revenue

Return on equity (ROE)

14.3 %

Net profit / equity

Return on assets (ROA)

12.7 %

Net profit / assets

Equity ratio

89.2 %

Equity / assets

Debt ratio

10.8 %

Liabilities / assets

Current ratio

7.08

Current assets / current liabilities

Revenue per employee

250 307 €

Revenue / average full-time employees

Labour cost per employee per month

2 572 €

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	6 Jul 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	6 Aug 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	2 Jul 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	29 Sep 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	4 Feb 2023	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	14 Jan 2022	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	18 Jan 2021	Company’s own	e-Äriregister

Board

Aivo Arumetsa
Board member · since 26 Mar 2004

Right of representation

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

Owners

Aivo Arumetsa
Natural person · 2 556 €

100%

Owner in

BugBox OÜ
0.28%
Kukermiit OÜ
33.32%

Beneficial owners

Aivo Arumetsa
Direct ownership · since 7 Oct 2018

Founders and other persons

Aivo Arumetsa
Founder · 40 000 € · 26 Mar 2004

shared board members, owners or beneficial owners

Activities (EMTAK)

28921Manufacture of machinery for mining, quarrying and construction Main
46631Wholesale of mining, construction and civil engineering machinery

Rulings 9

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 20026513 / M2 16 Sep 2023	Warning of a fine: annual report not filed	16 Oct 2023	Deficiencies eliminated 30 Sep 2023	PDF
Ä 20026513 / 7 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 20026513 / 6 19 Mar 2018	Amendment entry		In force 19 Mar 2018	PDF
Ä 20026513 / 5 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 20026513 / 4 12 Aug 2014	Amendment entry		In force 12 Aug 2014	PDF
Ä 20026513 / 3 15 Apr 2010	Deletion of activities from the registry card		In force 15 Apr 2010	PDF
Ä 26513 / 2 22 Oct 2007	Amendment entry		In force 22 Oct 2007	PDF
Ä 26513 / M1 12 Oct 2007	Warning of a fine: annual report not filed	15 Nov 2007	Deficiencies eliminated 24 Oct 2007	PDF
Ä 26513 25 Mar 2004	First entry		In force	PDF

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

osaühing Kivi Grupp

Position in the industry Manufacture of machinery and equipment n.e.c. · EMTAK 28

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 9