Sihtasutus Tehvandi Spordikeskus

Active Registry code 90007715 SA Otepää linn Registered 21 Dec 2004

Sihtasutus Tehvandi Spordikeskus is a SA based in Otepää linn, registry code 90007715, status: active. Main activity: Operation of sports facilities. According to EMTA, turnover for Q3 2026 was €1 567 386 with 126 employees.

Turnover

1 567 386 €

↑ 78.9% vs Q2 2026

State taxes

306 431 €

↑ 37.4% vs Q2 2026

Labour taxes

257 206 €

↑ 5.8% vs Q2 2026

Employees

126

−8 vs Q2 2026

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

Position in the industry Sports activities and amusement and recreation activities · EMTAK 93

Turnover · Q3 2026 1.6 mn €

above 98% of companies

industry median 13 701 € · companies in the industry: 1 404
Labour taxes per employee 2 041 €

above 79% of companies

industry median 1 179 € · companies in the industry: 1 807
Revenue · 2025 0 €

above 5% of companies

industry median 0 € · companies in the industry: 8 615

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 567 386 € · +78.9% vs Q2 2026 · industry median 13 701 € · above 98% of the industry

Company
Industry median

Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 041 € · +12.5% vs Q2 2026 · industry median 1 179 € · above 79% of the industry

Company
Industry median

Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 126 · −6.0% vs Q2 2026

State taxes, € thousand Q3 2026: 306 431 € · +37.4% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 567 386	306 431	257 206	126
Q2 2026	875 907	223 050	243 061	134
Q1 2026	969 077	205 595	223 859	120
Q4 2025	604 388	222 099	230 048	117
Q3 2025	1 377 676	225 788	239 880	114
Q2 2025	685 049	221 350	238 343	122
Q1 2025	850 208	—	254 583	115
Q4 2024	782 273	193 188	206 567	115
Q3 2024	1 234 931	194 844	209 644	117
Q2 2024	549 263	185 880	199 905	126
Q1 2024	1 041 481	271 176	258 991	114
Q4 2023	859 279	171 829	184 464	110
Q3 2023	1 107 016	203 012	183 381	116
Q2 2023	514 139	170 896	183 436	119
Q1 2023	713 258	150 957	161 721	105
Q4 2022	432 944	—	166 114	103
Q3 2022	1 036 111	165 597	173 184	105
Q2 2022	505 630	156 240	165 985	117
Q1 2022	589 542	181 921	195 135	103

Labour taxes per employee per month

680 €

Turnover per employee in the quarter

12 440 €

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: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 844 981 € · −44.5% vs 2024 · industry median 10 € · above 98% of the industry

Company
Industry median

Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 31 846 962 € · −6.3% vs 2024

Equity, € thousand 2025: 31 300 343 € · +2.8% vs 2024

Employees 2025: 98 · +3.2% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Sports activities and amusement and recreation 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	0	844 981	2 428 056	31 846 962	31 300 343	98
2024	0	1 522 680	2 329 217	33 977 304	30 455 362	95
2023	0	-977 849	2 151 882	31 691 412	28 932 682	89
2022	0	299 515	1 792 044	30 899 431	29 910 531	89
2021	0	1 994 909	1 660 587	30 849 096	29 611 016	81
2020	0	2 732 871	1 435 228	29 180 353	27 616 107	76
2019	0	4 459 574	1 410 050	25 695 021	24 883 236	79
2018	—	—	—	—	—	78
2017	—	—	—	—	—	78
2016	—	—	—	—	—	75
2015	—	—	—	—	—	75
2014	—	—	—	—	—	72
2013	—	—	—	—	—	51
2012	—	—	—	—	—	47
2011	—	—	—	—	—	43
2010	—	—	—	—	—	41
2009	—	—	—	—	—	42
2008	—	—	—	—	—	37
2007	—	—	—	—	—	34
2006	—	—	—	—	—	38
2005	—	—	—	—	—	29

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

9.7 %

Net profit / revenue

Return on equity (ROE)

2.7 %

Net profit / equity

Return on assets (ROA)

2.7 %

Net profit / assets

Equity ratio

98.3 %

Equity / assets

Debt ratio

1.7 %

Liabilities / assets

Current ratio

1.76

Current assets / current liabilities

Revenue per employee

88 956 €

Revenue / average full-time employees

Labour cost per employee per month

2 065 €

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	25 Mar 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	1 Apr 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	3 Apr 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	4 Apr 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	25 Mar 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	7 Apr 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	2 Apr 2020	Company’s own · audited	e-Äriregister

Board

Kristjan Karis
Board member · since 18 Jan 2012

Right of representation

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

Owners

No owner information.

Beneficial owners

Raido Mitt
Exercises founder’s rights, supervisory or management board member · since 9 Mar 2026
Jorma Riivald
Exercises founder’s rights, supervisory or management board member · since 6 Mar 2026
Merju Künnapuu
Exercises founder’s rights, supervisory or management board member · since 28 Feb 2025
Kristo Tohver
Exercises founder’s rights, supervisory or management board member · since 27 Dec 2024
Kristjan Koll
Exercises founder’s rights, supervisory or management board member · since 19 Mar 2024
Anu Alber
Exercises founder’s rights, supervisory or management board member · since 2 Jan 2024
Margus Lepik
Exercises founder’s rights, supervisory or management board member · since 25 Mar 2022
Kristjan Karis
Exercises founder’s rights, supervisory or management board member · since 21 Sep 2018

Founders and other persons

EESTI SUUSALIIT
Founder · 1 650 000 € · 23 Nov 2004
Eesti Vabariik Kultuuriministeerium
Founder · 52 578 147 € · 23 Nov 2004
Otepää vald
Founder · 710 000 € · 23 Nov 2004
OÜ E-Audit
Audit firm · 26 Jun 2013
Kristjan Koll
Supervisory board member · 1 Sep 2023
Anu Alber
Supervisory board member · 19 Dec 2023
Margus Lepik
Supervisory board member · 5 Nov 2024
Kristo Tohver
Supervisory board member · 19 Nov 2024
Merju Künnapuu
Supervisory board member · 7 Feb 2025
Raido Mitt
Supervisory board member · 16 Jun 2025
Jorma Riivald
Supervisory board member · 17 Dec 2025

shared board members, owners or beneficial owners

Activities (EMTAK)

93111Operation of sports facilities Main

Rulings 32

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
S 20028014 / 18 16 Jun 2025	Amendment entry		In force 16 Jun 2025	PDF
S 20028014 / 17 9 Jan 2024	Amendment entry		In force 9 Jan 2024	PDF
S 20028014 / M14 1 Sep 2023	Ruling to eliminate deficiencies	15 Sep 2023	Deficiencies eliminated 4 Sep 2023	PDF
S 20028014 / 16 1 Feb 2023	Amendment entry		In force 1 Feb 2023	PDF
S 20028014 / M13 20 Mar 2018	Ruling to correct data outside an entry	19 Apr 2018	Deficiencies eliminated 2 Apr 2018	PDF
S 20028014 / 15 3 Dec 2017	Amendment entry		In force 3 Dec 2017	PDF
S 20028014 / 14 21 Mar 2017	Amendment entry		In force 21 Mar 2017	PDF
S 20028014 / M12 17 Mar 2017	Ruling to eliminate deficiencies	6 Apr 2017	Deficiencies eliminated 21 Mar 2017	PDF
S 20028014 / M11 10 Mar 2017	Ruling to eliminate deficiencies	30 Mar 2017	Deficiencies eliminated 21 Mar 2017	PDF
S 20028014 / 13 23 Jan 2017	Amendment entry		In force 23 Jan 2017	PDF
S 20028014 / M10 5 Mar 2015	Ruling to correct data outside an entry	4 Apr 2015	Deficiencies eliminated 9 Mar 2015	PDF
S 20028014 / 12 21 Jul 2014	Amendment entry		In force 21 Jul 2014	PDF
S 20028014 / 11 15 May 2014	Amendment entry		In force 15 May 2014	PDF
S 20028014 / 10 12 Feb 2014	Second (constitutive) merger entry		In force 12 Feb 2014	PDF
S 20028014 / 9 29 Jan 2013	Amendment entry		In force 29 Jan 2013	PDF
S 20028014 / 8 3 Jan 2013	Amendment entry		In force 3 Jan 2013	PDF
S 20028014 / 7 18 Jan 2012	Amendment entry		In force 18 Jan 2012	PDF
S 20028014 / M9 16 Jan 2012	Ruling to eliminate deficiencies	16 Feb 2012	In force 16 Jan 2012	PDF
S 20028014 / 6 27 Apr 2011	Amendment entry		In force 27 Apr 2011	PDF
S 20028014 / M8 7 Apr 2011	Ruling to be served	9 May 2011	In force 8 Apr 2011	PDF
S 20028014 / 5 27 Oct 2010	Amendment entry		In force 27 Oct 2010	PDF
S 20028014 / M7 26 Oct 2010	Ruling to eliminate deficiencies	26 Nov 2010	In force 26 Oct 2010	PDF
S 20028014 / 4 12 Jul 2010	Amendment entry		In force 12 Jul 2010	PDF
S 20028014 / M6 8 Jul 2010	Ruling to eliminate deficiencies	1 Aug 2010	In force 8 Jul 2010	PDF
S 28014 / M5 20 Jul 2007	Ruling to be served		In force 24 Jul 2007	PDF
S 28014 / 3 4 Apr 2005	Amendment entry		In force	PDF
S 28014 / M4 21 Mar 2005	Ruling to eliminate deficiencies (to be served)	22 May 2005	In force	PDF
S 28014 / M3 15 Mar 2005	Ruling to be served	16 Apr 2005	In force	PDF
S 28014 / 2 15 Mar 2005	Amendment entry		In force	PDF
S 28014 / M2 28 Dec 2004	Refund of the state fee		In force	PDF
S 28014 21 Dec 2004	First entry		In force	PDF
S 28014 / M1 17 Dec 2004	Ruling to eliminate deficiencies (to be served)		In force	PDF

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

Sihtasutus Tehvandi Spordikeskus

Position in the industry Sports activities and amusement and recreation activities · EMTAK 93

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 32