Sihtasutus Keskkonnainvesteeringute Keskus

Active Registry code 90005946 SA Tallinn Registered 2 Jun 2000

Sihtasutus Keskkonnainvesteeringute Keskus is a SA based in Tallinn, registry code 90005946, status: active. Main activity: Other financial service activities, except insurance and pension funding n.e.c.. According to EMTA, turnover for Q3 2026 was €125 610 with 105 employees.

Turnover

125 610 €

↓ 81.7% vs Q2 2026

State taxes

474 281 €

↓ 23.4% vs Q2 2026

Labour taxes

483 397 €

↓ 2.4% vs Q2 2026

Employees

105

+3 vs Q2 2026

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

Position in the industry Financial service activities, except insurance and pension funding · EMTAK 64

Turnover · Q3 2026 125 610 €

above 83% of companies

industry median 13 555 € · companies in the industry: 547
Labour taxes per employee 4 604 €

above 68% of companies

industry median 2 214 € · companies in the industry: 443
Revenue · 2025 0 €

above 5% of companies

industry median 0 € · companies in the industry: 3 672

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 125 610 € · −81.7% vs Q2 2026 · industry median 13 555 € · above 83% of the industry

Company
Industry median

Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 4 604 € · −5.2% vs Q2 2026 · industry median 2 214 € · above 68% of the industry

Company
Industry median

Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 105 · +2.9% vs Q2 2026

State taxes, € thousand Q3 2026: 474 281 € · −23.4% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	125 610	474 281	483 397	105
Q2 2026	686 919	619 392	495 300	102
Q1 2026	466 692	717 112	656 167	106
Q4 2025	701 428	606 037	471 019	110
Q3 2025	14 176	438 095	465 952	109
Q2 2025	2 111	419 292	452 509	107
Q1 2025	15 080	577 731	615 814	104
Q4 2024	21 676	402 634	423 130	93
Q3 2024	1 247	397 625	421 073	98
Q2 2024	1 913	414 713	439 666	96
Q1 2024	1 145	558 587	589 173	98
Q4 2023	89 805	410 740	413 591	97
Q3 2023	—	388 990	408 366	94
Q2 2023	34 584	373 556	388 220	90
Q1 2023	—	488 719	514 616	98
Q4 2022	4 977	239 682	254 099	84
Q3 2022	20 099	253 403	266 862	85
Q2 2022	—	301 756	323 417	87
Q1 2022	7 850	246 006	257 720	91

Labour taxes per employee per month

1 535 €

Turnover per employee in the quarter

1 196 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € 2025: 0 € · industry median 0 € · above 5% of the industry

Company
Industry median

Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 373 237 € · +123.9% vs 2024 · industry median 0 € · above 94% of the industry

Company
Industry median

Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, mn € 2025: 56 876 860 € · −11.8% vs 2024

Equity, € thousand 2025: 13 480 135 € · +2.8% vs 2024

Employees 2025: 88 · +1.1% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Financial service activities, except insurance and pension funding (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	0	373 237	3 965 411	56 876 860	13 480 135	88
2024	0	-1 561 786	4 490 759	64 478 798	13 106 898	87
2023	0	-6 131 977	4 211 731	71 116 958	14 668 684	86
2022	0	-12 343 340	2 693 243	76 359 749	19 589 875	57
2021	0	-4 087 801	2 548 921	74 848 053	31 933 215	57
2020	0	-13 288 938	2 611 348	89 013 389	36 021 016	58
2019	0	-16 252 585	2 578 491	108 097 004	49 309 954	58
2018	—	—	—	—	—	63
2017	—	—	—	—	—	72
2016	—	—	—	—	—	92
2015	—	—	—	—	—	97
2014	—	—	—	—	—	100
2013	—	—	—	—	—	99
2012	—	—	—	—	—	91
2011	—	—	—	—	—	79
2010	—	—	—	—	—	65
2009	—	—	—	—	—	55
2008	—	—	—	—	—	52
2007	—	—	—	—	—	52
2006	—	—	—	—	—	47
2005	—	—	—	—	—	36
2004	—	—	—	—	—	31
2003	—	—	—	—	—	24

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

1.8 %

Net profit / revenue

Return on equity (ROE)

2.8 %

Net profit / equity

Return on assets (ROA)

0.7 %

Net profit / assets

Equity ratio

23.7 %

Equity / assets

Debt ratio

76.3 %

Liabilities / assets

Current ratio

1.95

Current assets / current liabilities

Revenue per employee

229 902 €

Revenue / average full-time employees

Labour cost per employee per month

3 755 €

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	24 Mar 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	26 Mar 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	26 Mar 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Mar 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	29 Apr 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	29 Apr 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	23 Apr 2020	Company’s own · audited	e-Äriregister

Board

Andrus Treier
Board member · since 14 Jan 2019
Monica Hankov
Board member · since 8 Jan 2026

Right of representation

Any member of the management board may represent the foundation in all transactions.

Owners

No owner information.

Beneficial owners

Kadri Tali
Exercises founder’s rights, supervisory or management board member · since 20 Jul 2026
Maido Ruusmann
Exercises founder’s rights, supervisory or management board member · since 1 Apr 2026
Monica Hankov
Exercises founder’s rights, supervisory or management board member · since 6 Jan 2026
Marten Kokk
Exercises founder’s rights, supervisory or management board member · since 17 Nov 2025
Renaldo Mändmets
Exercises founder’s rights, supervisory or management board member · since 1 Sep 2025
Margot Roose
Exercises founder’s rights, supervisory or management board member · since 21 Aug 2023
Andrus Treier
Exercises founder’s rights, supervisory or management board member · since 17 Jan 2019

Founders and other persons

KESKKONNAMINISTEERIUM
Founder · 44 625 774 € · 3 Jan 2019
Kersti Ruut
Audit firm · 15 Mar 2021
RUUT & PARTNERID AUDIITORBÜROO OÜ
Audit firm · 15 Mar 2021
Marten Kokk
Chairman of the supervisory board · 8 Dec 2025
Margot Roose
Supervisory board member · 21 Aug 2023
Renaldo Mändmets
Supervisory board member · 8 Dec 2025
Maido Ruusmann
Supervisory board member · 1 Apr 2026
Kadri Tali
Supervisory board member · 20 Jul 2026

shared board members, owners or beneficial owners

Activities (EMTAK)

64991Other financial service activities, except insurance and pension funding n.e.c. Main

Rulings 37

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
S 10049530 / 26 28 Aug 2026	Amendment entry		In force 28 Aug 2026	PDF
S 10049530 / 25 8 Jan 2026	Amendment entry		In force 8 Jan 2026	PDF
S 10049530 / 24 20 Oct 2025	Amendment entry		In force 20 Oct 2025	PDF
S 10049530 / 23 8 Sep 2025	Amendment entry		In force 8 Sep 2025	PDF
S 10049530 / 22 28 Jul 2025	Amendment under Code of Civil Procedure § 595¹ (1)		In force 28 Jul 2025	PDF
S 10049530 / M12 16 Apr 2025	Ruling to correct data outside an entry	30 Apr 2025	Deficiencies eliminated 17 Apr 2025	PDF
S 10049530 / 21 1 Feb 2023	Amendment entry		In force 1 Feb 2023	PDF
S 10049530 / 20 5 Jan 2023	Second (constitutive) merger entry		In force 5 Jan 2023	PDF
S 10049530 / M11 3 Jan 2023	Ruling to eliminate deficiencies	23 Jan 2023	Deficiencies eliminated 5 Jan 2022	PDF
S 10049530 / 19 27 May 2022	Amendment entry		In force 27 May 2022	PDF
S 10049530 / 18 20 Feb 2020	Amendment entry		In force 20 Feb 2020	PDF
S 10049530 / 17 18 Mar 2019	Amendment entry		In force 18 Mar 2019	PDF
S 10049530 / M10 18 Jan 2019	Ruling to correct data outside an entry	17 Feb 2019	Deficiencies eliminated 22 Jan 2019	PDF
S 10049530 / 16 14 Jan 2019	Amendment entry		In force 14 Jan 2019	PDF
S 10049530 / 15 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
S 10049530 / M9 23 May 2017	Ruling to correct data outside an entry	12 Jun 2017	Deficiencies eliminated 31 May 2017	PDF
S 10049530 / M8 23 Jan 2017	Ruling to correct data outside an entry	12 Feb 2017	Deficiencies eliminated 25 Jan 2017	PDF
S 10049530 / 14 16 Jan 2017	Amendment entry		In force 16 Jan 2017	PDF
S 10049530 / M7 19 Dec 2016	Ruling to eliminate deficiencies	18 Jan 2017	Deficiencies eliminated 16 Jan 2017	PDF
S 10049530 / 13 31 Aug 2016	Amendment entry		In force 31 Aug 2016	PDF
S 10049530 / 12 7 Jul 2016	Amendment entry		In force 7 Jul 2016	PDF
S 10049530 / M6 30 Jun 2016	Ruling to eliminate deficiencies	4 Aug 2016	Deficiencies eliminated 5 Jul 2016	PDF
S 10049530 / M5 2 Sep 2015	Ruling to correct data outside an entry	2 Oct 2015	Deficiencies eliminated 15 Sep 2015	PDF
S 10049530 / M4 13 Apr 2015	Ruling to correct data outside an entry	13 May 2015	Deficiencies eliminated 16 Apr 2015	PDF
S 10049530 / 11 16 May 2014	Amendment entry		In force 16 May 2014	PDF
S 10049530 / M3 15 May 2014	Ruling to eliminate deficiencies	4 Jun 2014	Deficiencies eliminated 16 May 2014	PDF
S 10049530 / 10 18 Jun 2013	Amendment entry		In force 18 Jun 2013	PDF
S 10049530 / 9 28 Sep 2012	Amendment entry		In force 28 Sep 2012	PDF
S 10049530 / M2 26 Sep 2012	Ruling to eliminate deficiencies	24 Oct 2012	Deficiencies eliminated 28 Sep 2012	PDF
S 10049530 / 8 1 Feb 2011	Amendment entry		In force 1 Feb 2011	PDF
S 10049530 / 7 5 Oct 2010	Amendment entry		In force 5 Oct 2010	PDF
S 10049530 / 6 26 May 2010	Amendment entry		In force 26 May 2010	PDF
S 49530 / 5 20 Jul 2009	Amendment entry		In force 20 Jul 2009	PDF
S 49530 / M1 8 Jul 2009	Ruling to eliminate deficiencies		In force 8 Jul 2009	PDF
S 49530 / 4 19 Sep 2008	Amendment entry		In force 19 Sep 2008	PDF
S 49530 / 3 16 Jul 2008	Amendment entry		In force 16 Jul 2008	PDF
S 49530 / 2 23 Apr 2002	Unpublished amendment entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data

Sihtasutus Keskkonnainvesteeringute Keskus

Position in the industry Financial service activities, except insurance and pension funding · EMTAK 64

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 37