General information

Contacts

Industries

Jah

VAT liability

Annual reports

✓

Unsubmitted declarations

???

Credit rating

Tax data

✓

Tax debts

Related persons

Holdings in companies

Statistics

Summary of reports

Licenses

Regulations

Real estate

TTJA decisions

Court decisions

174

Official announcements

7.7K

Public transactions

.ee domains

✓

Enforcement proceedings

✓

Payment orders

Adven Eesti AS

Legal form:

Public limited company

Registry code:

10066299

VAT no.:

EE100099584

Fiscal-year period:

01.01 - 31.12

Established:

25.09.1996 (29)

Former business names:

aktsiaselts TERMEST, Fortum Termest AS, osaühing Termest

Capital:

8 084 361,60 EUR

Address:

Kassi tn 13, Mustamäe linnaosa, Tallinn, Harju maakond, 12618

Status:

Registered

Contacts

Email:

adven.eesti@adven.com

Phone:

+372 6678600

Website:

https://adven.com/

Industries

ELECTRICITY, GAS, STEAM AND AIR-CONDITIONING SUPPLY
Electricity, gas, steam and air-conditioning supply
Electricity production, transmission and distribution
35111 - Electricity production from non-renewable energy sources
Gas production and distribution of gaseous fuels through mains
Gas production
35211 - Production of gas (except biogas)
35301 - Steam and air-conditioning supply

VAT liability

	Start	End
EE100099584	01.01.1994

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	12.05.2026	Valid
2024	01.01.2024 - 31.12.2024	05.05.2025	Valid
2023	01.01.2023 - 31.12.2023	03.06.2024	Valid
2022	01.01.2022 - 31.12.2022	10.07.2023	Valid
2021	01.01.2021 - 31.12.2021	26.05.2022	Valid
2020	01.01.2020 - 31.12.2020	30.06.2021	Valid
2019	01.01.2019 - 31.12.2019	04.05.2020	Valid
2018	01.01.2018 - 31.12.2018	12.06.2019	Valid
2017	01.01.2017 - 31.12.2017	15.05.2018	Valid
2016	01.01.2016 - 31.12.2016	19.05.2017	Valid
2015	01.01.2015 - 31.12.2015	03.06.2016	Valid
2014	01.01.2014 - 31.12.2014	01.06.2015	Valid
2013	01.01.2013 - 31.12.2013	20.06.2014	Valid
2012	01.01.2012 - 31.12.2012	25.06.2013	Valid
2011	01.01.2011 - 31.12.2011	02.07.2012	Valid
2010	01.01.2010 - 31.12.2010	31.05.2011	Valid
2009	01.01.2009 - 31.12.2009	10.06.2010	Valid
2008	01.01.2008 - 31.12.2008	30.06.2009	Valid
2007	01.01.2007 - 31.12.2007	01.07.2008	Valid
2006	01.01.2006 - 31.12.2006	26.06.2007	Valid
2005	01.01.2005 - 31.12.2005	27.06.2006	Valid
2004	01.01.2004 - 31.12.2004	27.06.2005	Valid
2003	01.01.2003 - 31.12.2003	10.06.2004	Valid
2002	01.01.2002 - 31.12.2002	12.05.2003	Valid
2001	01.01.2001 - 31.12.2001	03.04.2002	Valid
2000	01.10.1999 - 31.12.2000	13.09.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 03.06.2026.

???

Credit rating

Hidden

Credit rating is based on company financial data and payment behavior. detailed analysis available to regia+ users.

020406080100

? Risk factors

? Strengths

View summary

✓

Tax debt

✓

Unsubmitted reports

✓

Unsubmitted declarations

Court decisions

174

Official announcements

TTJA decisions

Real estate

.ee domains

Licenses

Regulations

7.7K

Public transactions

Holdings in companies

✓

Enforcement proceedings

✓

Payment orders

Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	2 480 616 €	474 165 €	16 235 918 €121.3%	88
Kokku 2026:	2 480 616 €	474 165 €	16 235 918 €
2025 Q4	1 295 641 €	494 673 €	7 335 138 €69.1%	86
2025 Q3	903 631 €	512 609 €	4 338 771 €47.4%	92
2025 Q2	1 507 798 €	567 036 €	8 251 353 €39.3%	90
2025 Q1	1 940 763 €	492 713 €	13 594 362 €92.6%	88
Kokku 2025:	5 647 833 €	2 067 031 €	33 519 624 €1.2%
2024 Q4	895 846 €	464 903 €	7 059 718 €105.6%	92
2024 Q3	610 576 €	484 653 €	3 432 911 €57.4%	93
2024 Q2	1 389 395 €	530 963 €	8 052 666 €47.7%	97
2024 Q1	1 713 013 €	449 548 €	15 391 695 €108.5%	95
Kokku 2024:	4 608 830 €	1 930 067 €	33 936 990 €5.2%
2023 Q4	1 043 452 €	416 733 €	7 382 868 €176.2%	96
2023 Q3	498 436 €	413 889 €	2 673 308 €67.0%	93
2023 Q2	991 384 €	463 444 €	8 101 814 €42.6%	90
2023 Q1	1 185 487 €	384 670 €	14 103 849 €30.6%	91
Kokku 2023:	3 718 759 €	1 678 736 €	32 261 840 €28.6%
2022 Q4	216 619 €	367 968 €	10 795 710 €176.7%	90
2022 Q3	0 €	378 615 €	3 901 494 €69.3%	91
2022 Q2	976 769 €	430 566 €	12 718 490 €28.4%	90
2022 Q1	1 072 535 €	329 530 €	17 758 182 €109.9%	89
Kokku 2022:	2 265 923 €	1 506 680 €	45 173 875 €58.0%
2021 Q4	449 715 €	459 482 €	8 461 567 €209.8%	89
2021 Q3	220 864 €	344 482 €	2 731 077 €59.8%	93
2021 Q2	892 432 €	403 374 €	6 794 016 €35.9%	93
2021 Q1	1 482 263 €	347 801 €	10 599 723 €113.1%	92
Kokku 2021:	3 045 274 €	1 555 140 €	28 586 382 €25.1%
2020 Q4	1 237 781 €	835 680 €	4 973 971 €143.7%	93
2020 Q3	401 022 €	316 315 €	2 040 946 €66.9%	93
2020 Q2	1 384 248 €	399 956 €	6 165 432 €36.3%	91
2020 Q1	1 953 178 €	322 383 €	9 672 745 €40.6%	88
Kokku 2020:	4 976 229 €	1 874 334 €	22 853 093 €20.9%
2019 Q4	1 192 186 €	352 707 €	6 880 915 €138.4%	88
2019 Q3	0 €	308 037 €	2 885 799 €64.4%	94
2019 Q2	1 226 343 €	372 642 €	8 108 224 €26.4%	87
2019 Q1	1 941 927 €	288 165 €	11 010 482 €66.3%	87
Kokku 2019:	4 360 456 €	1 321 551 €	28 885 420 €15.8%
2018 Q4	619 022 €	306 838 €	6 620 957 €144.1%	87
2018 Q3	168 844 €	250 459 €	2 712 885 €57.0%	82
2018 Q2	1 072 835 €	313 773 €	6 314 773 €32.0%	78
2018 Q1	1 710 261 €	243 013 €	9 287 650 €44.9%	77
Kokku 2018:	3 570 962 €	1 114 083 €	24 936 265 €2.2%
2017 Q4	1 194 330 €	261 534 €	6 407 643 €171.7%	77
2017 Q3	441 142 €	237 438 €	2 358 657 €64.4%	77
2017 Q2	1 177 412 €	245 137 €	6 633 470 €26.3%	75
2017 Q1	1 422 153 €	226 137 €	8 998 789 €64.9%	74
Kokku 2017:	4 235 037 €	970 246 €	24 398 559 €20.7%
2016 Q4	1 040 836 €	250 330 €	5 455 853 €17.0%	72
2016 Q3	440 450 €	214 007 €	4 664 207 €19.9%	72
2016 Q2	1 120 510 €	267 088 €	5 821 086 €36.2%	72
2016 Q1	1 550 926 €	196 097 €	4 273 853 €31.7%	72
Kokku 2016:	4 152 722 €	927 522 €	20 214 999 €11.0%
2015 Q4	818 553 €	233 458 €	6 256 723 €18.6%	72
2015 Q3	370 326 €	196 860 €	5 275 897 €15.3%	72
2015 Q2	1 037 780 €	232 514 €	6 231 439 €25.9%	72
2015 Q1	1 325 548 €	184 623 €	4 947 942 €	72
Kokku 2015:	3 552 207 €	847 455 €	22 712 001 €

Revenue by industry

	2022	2023	2024
Steam and air-conditioning supply	34 525 156 €	25 470 264 €	22 529 460 €
Installation of industrial machinery and equipment	505 200 €	2 044 077 €	16 016 540 €
Production of gas (except biogas)	1 455 266 €	1 856 254 €	3 316 506 €
Electricity production from non-renewable energy sources	1 736 785 €	586 404 €	344 333 €

Tax debts

No tax debt found

No tax debt as of 03.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Juha Elo	-	05.01.1979 (47)	Procurator	21.01.2025	-
Ville-Veikko Adolf Heikkinen	-	26.03.1981 (45)	Board member	07.10.2024	-
Vladislav Mašatin	38601XXXXXX	07.01.1986 (40)	Board member	07.10.2024	-
Janne Allandi	48012XXXXXX	15.12.1980 (45)	Procurator	07.06.2022	-
Ivi Aluoja	47610XXXXXX	22.10.1976 (49)	Procurator	26.12.2021	-

39 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 7 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
ADVEN GROUP OY	-	-	Shareholder	8 084 361,60 EUR	100	Sole ownership	16.08.2023	-

13 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Jonas Sjölander	-	20.02.1980 (46)	Chairman of the supervisory board	07.05.2026	-
Toni Tapani Tamminen	-	23.08.1978 (47)	Supervisory-board member	04.11.2024	-
Miika Oksanen	-	07.04.1972 (54)	Supervisory-board member	29.01.2024	-
Jüri Koltsov	38605XXXXXX	23.05.1986 (40)	Audit firm	15.07.2022	-
Aktsiaselts PricewaterhouseCoopers	-	-	Audit firm	15.07.2022	-

34 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 5 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Kevin McCullough	-	20.09.1965 (60)	Right to appoint or remove most executive or governing-body members	02.03.2026	-
Clarence O´Neill Brown	-	01.11.1952 (73)	Right to appoint or remove most executive or governing-body members	07.02.2024	-
Henry Walter Fayne	-	23.04.1946 (80)	Right to appoint or remove most executive or governing-body members	24.11.2020	-

10 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
Aktsiaselts Rakvere Soojus	07.01.1997	Shareholder	377 600,00 EUR	48,99	Sole ownership	16.08.2023	-

1 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

2026 Q1

Turnover

Amount

16 235 918 €

Monthly average

5 411 973 €

Per employee

61 500 €

Equity ratio

66,94%

Labour taxes

Turnover ratio

2,92%

Tax ratio

19,11%

Monthly average

158 055 €

Per employee

1 817 €

State taxes

Monthly average

826 872 €

Turnover ratio

15,28%

Estimated salary

Gross salary

3 301 €

Net salary

2 600 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	10 226 000 €60.3%	25 735 000 €0.6%	25 587 000 €137.1%	10 793 000 €79.9%	6 000 000 €4.6%	6 292 000 €
Non-current assets	57 629 000 €34.0%	43 022 000 €3.3%	44 488 000 €11.4%	50 235 000 €10.0%	45 650 000 €0.6%	45 947 000 €
Total assets	67 855 000 €1.3%	68 757 000 €1.9%	70 075 000 €14.8%	61 028 000 €18.2%	51 650 000 €1.1%	52 239 000 €
Short-term liabilities	6 092 000 €3.8%	6 335 000 €9.2%	6 979 000 €14.8%	8 191 000 €79.3%	4 569 000 €2.6%	4 455 000 €
Long-term liabilities	32 356 000 €4.8%	33 990 000 €2.1%	33 305 000 €45.9%	22 829 000 €27.1%	17 959 000 €1.4%	18 222 000 €
Total liabilities	38 448 000 €4.7%	40 325 000 €0.1%	40 284 000 €29.9%	31 020 000 €37.7%	22 528 000 €0.7%	22 677 000 €
Share or stock capital	8 084 000 €	8 084 000 €	8 084 000 €	8 084 000 €	8 084 000 €	8 084 000 €
Retained earnings	20 348 000 €6.3%	21 707 000 €1.0%	21 924 000 €4.2%	21 038 000 €2.0%	21 478 000 €9.5%	19 611 000 €
Net profit	975 000 €171.7%	-1 359 000 €526.3%	-217 000 €124.5%	886 000 €301.4%	-440 000 €123.6%	1 867 000 €
Equity	29 407 000 €3.4%	28 432 000 €4.6%	29 791 000 €0.7%	30 008 000 €3.0%	29 122 000 €1.5%	29 562 000 €
Turnover	42 491 000 €41.8%	29 957 000 €22.0%	38 395 000 €43.6%	26 742 000 €31.9%	20 279 000 €26.6%	27 644 000 €
Profit margin	2.29%150.6%	-4.54%702.7%	-0.57%117.1%	3.31%252.7%	-2.17%132.1%	6.75%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	R DXY QAQ	T PJZ YSQ	Q MOS TIN	3 466 000	2 039 000
Liquidity
Current ratio	R.N	U.Y	A.K	1.3	1.3
Quick ratio	L.A	M.F	E.F	1.3	1.3
Cash ratio	T.B	R.A	D.Z	0.2	0.2
Efficiency
Days sales outstanding (dso)	GGB.V	OQT.J	MM.O	121.5	164.7
Asset turnover	A.L	N.U	Q.E	0.5	0.4
Structure
Debt ratio	K.A	R.Z	E.V	0.5	0.4
Profitability
Operating margin	Q.J%	-A.H%	X.G%	3.3%	-1.6%
Net profit margin	G.G%	-I.J%	-V.F%	3.3%	-2.2%
Return on assets (roa)	V.F%	-N.J%	-H.J%	1.6%	-0.8%
Return on equity (roe)	P.R%	-X.M%	-Q.X%	3.0%	-1.5%

To view all financial ratios, you need to subscribe to extended access to the info portal!

Licences & notices

Type	Number	Field	Status	Start	End
Notice of economic activity	EEH009346	- > Construction	Valid	06.07.2022	-
Notice of economic activity	EO10066299-0001	- > Owner’s supervision	Valid	06.07.2022	-
Notice of economic activity	MGS000062	Natural gas > Gas sales	Valid	14.07.2017	-
Notice of economic activity	TEL002795	- > Electrical works	Valid	17.06.2016	-
Notice of economic activity	EEP003646	- > Design / engineering	Valid	13.06.2016	-

1 - 5 / 12 rows

Regulations

Regulation no.	Date	Type	Status
Ä 10004076 / 59	11.05.2026	Entry - Amendment entry	Entered into force (11.05.2026)
Ä 10004076 / 58	21.01.2025	Entry - Amendment entry	Entered into force (21.01.2025)
Ä 10004076 / 57	07.10.2024	Entry - Amendment entry	Entered into force (07.10.2024)
Ä 10004076 / 56	04.07.2023	Entry - Second, constitutive merger entry (on acquiring entity’s registry card)	Entered into force (04.07.2023)
Ä 10004076 / 55	07.06.2022	Entry - Amendment entry	Entered into force (07.06.2022)

1 - 5 / 71 rows

Real estate

No real estate found

Company has no real estate

80 inactive record hidden, extended access to the information portal is required to view history!

Consumer Disputes Committee decisions

Document no.	Composition	Decision	Date
19-1/24-17053-001	Taavi Hein	Against the consumer	26.02.2025

1 - 1 / 1 rows

Court decisions

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date
2-25-12587/12	Civil case	Court ruling (Compromise ruling)	Law of obligations	Dina Tali	ECLI:EE:HMK:2025:2.25.12587.14828	29.08.2025
2-23-15907/31	Civil case	Court judgment	Property law	Anna Liiv	ECLI:EE:HMK:2024:2.23.15907.11358	21.06.2024
2-23-9314/3	Civil case	Court judgment (Default judgment)	Law of obligations	Andrea Lega	ECLI:EE:HMK:2023:2.23.9314.20436	28.09.2023
2-20-16307/17	Civil case	Court judgment	Law of obligations	Karin Sonntak	ECLI:EE:HMK:2021:2.20.16307.13966	25.06.2021
2-19-20892/15	Civil case	Court ruling (Compromise ruling)	Law of obligations	Anu Uritam	ECLI:EE:HMK:2020:2.19.20892.19715	27.10.2020

1 - 5 / 25 rows

Official announcements

Subject	Date
Notice of auction of immovable property in enforcement proceedings	26.05.2026
Notice of granting or refusal of an environmental permit	05.01.2026
Notice of disclosure of the draft environmental permit	03.12.2025
Notice of initiation of proceedings for an environmental permit	27.11.2025
Notice of granting or refusal of an environmental permit	06.10.2025

1 - 5 / 174 rows

Public transactions

Date	Party	Amount	Classification
27.04.2026	Osaühing Viimsi Haldus	1 797.79 € Received	OPERATING EXPENSES Other economy, incl. economic administration
24.04.2026	Lüganuse Vallavalitsus	2 858.50 € Received	OPERATING EXPENSES Folk culture
24.04.2026	Lüganuse Vallavalitsus	3 320.96 € Received	OPERATING EXPENSES Pre-primary education
20.04.2026	Veskimöldre haridusmaja sihtasutus	1 420.27 € Received	OPERATING EXPENSES Pre-primary education
20.04.2026	Saue Vallavalitsus	31 997.90 € Received	OPERATING EXPENSES Pre-primary education

1 - 5 / 7676 rows

.ee domains

Domain	Status	Registered	Expires	End
termest.ee	Active	30.12.2010	31.12.2026	-
fortumtermest.ee	Active	04.07.2010	04.01.2027	-
gaasienergia.ee	Active	04.07.2010	27.08.2032	-

1 - 3 / 3 rows

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders