Heavy Industry Estonia OÜ

Legal form:: Private limited company
Registry code:: 12869341
VAT no.:: -
Fiscal-year period:: 01.07 - 30.06
Established:: 25.06.2015 (11 y)
Former business names:: cruting OÜ
Capital:: 2 500 EUR
Address:: Suur-Sõjamäe tn 12a, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415
Status:: Bankrupt

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Industries

MANUFACTURING
Manufacture of fabricated metal products, excl. machinery
Treatment and coating of metals; machining
25621 – Machining

Industry TOP8 companies in the activity

1.Weldmeister OÜ62.2k €
2.Melkin Grupp OÜ22k €
3.Jaak Luhari19.8k €
4.aktsiaselts Terastehnika17.1k €
5.Aivar Truusa16.6k €
6.NIKOLAI KARHU METALLITÖÖD14.3k €
7.Aika63 OÜ6.8k €
8.Osaühing Torgar2.4k €

Main activity 25621 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE101801153	18.04.2019	04.11.2024
EE101801153	01.07.2015	01.01.2018

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.07.2025 – 30.06.2026	31.12.2026	Not submitted
2024	01.07.2024 – 30.06.2025	31.12.2025	Not submitted
2023	01.07.2023 – 30.06.2024	31.12.2024	Not submitted
2022	01.07.2022 – 30.06.2023	31.12.2023	Not submitted
2021	01.01.2021 – 31.12.2021	23.11.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	29.04.2022	Valid	PDF
2019	01.01.2019 – 31.12.2019	18.05.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	27.02.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	27.02.2019	Valid	PDF
2016	01.01.2016 – 31.12.2016	16.06.2018	Valid	PDF
2015	25.06.2015 – 31.12.2015	18.04.2016	Valid	PDF

Unsubmitted declarations

Income- and social-tax return

12.01.2026

285 d overdue

Income- and social-tax return

10.12.2025

318 d overdue

Income- and social-tax return

10.11.2025

348 d overdue

Delayed declarations

Income- and social-tax return	10.03.2026	22.09.2026	196 d overdue
Income- and social-tax return	10.02.2026	22.09.2026	224 d overdue
Income- and social-tax return	10.04.2026	26.05.2026	46 d overdue
Income- and social-tax return	11.05.2026	14.05.2026	3 d overdue

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Tax debt350.9k€Reports3 Declarations14 Court decisions11 Official announcements14 TTJA decisions–Real estate–.ee domains–Licenses–Regulations22 Public transactions–Grants–State aid5 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	-	-	-	4
Total 2026:	0 €	0 €	0 €
2025 Q4	-	-	0 €	4
2025 Q3	-	-	-	4
2025 Q2	-	-	-	4
2025 Q1	-	-	-	4
Total 2025:	0 €	0 €	0 €
2024 Q4	-	-	0 €−100%	4
2024 Q3	-	-	367 155 €−71,9%	4
2024 Q2	134 821 €	140 059 €	1,31 M €+51,9%	33
2024 Q1	126 506 €	134 394 €	860 386 €−46,6%	34
Total 2024:	261 327 €	274 453 €	2,53 M €
2023 Q4	190 421 €	198 943 €	1,61 M €−12,8%	34
2023 Q3	125 715 €	134 121 €	1,85 M €+13,9%	36
2023 Q2	36 024 €	71 543 €	1,62 M €+54,1%	37
2023 Q1	77 080 €	80 985 €	1,05 M €+10,1%	32
Total 2023:	429 240 €	485 592 €	6,13 M €
2022 Q4	100 352 €	109 176 €	956 151 €−52,8%	36
2022 Q3	200 784 €	208 871 €	2,02 M €+23,1%	41
2022 Q2	215 516 €	200 492 €	1,64 M €−35,1%	41
2022 Q1	128 776 €	133 633 €	2,53 M €+46,8%	50
Total 2022:	645 428 €	652 172 €	7,16 M €
2021 Q4	294 796,89 €	304 110,32 €	1,73 M €+57,1%	51
2021 Q3	0 €	147 941,81 €	1,10 M €−54,4%	54
2021 Q2	70 676 €	208 447,67 €	2,41 M €−7,9%	60
2021 Q1	73 070,14 €	189 882,34 €	2,61 M €+136%	52
Total 2021:	438 543,03 €	850 382,14 €	7,85 M €
2020 Q4	87 023,41 €	165 319,59 €	1,11 M €+75,7%	47
2020 Q3	71 955,06 €	137 104,35 €	630 023,30 €−37,2%	46
2020 Q2	98 181,24 €	70 088,58 €	1,00 M €+20,7%	43
2020 Q1	43 077 €	127 174 €	832 132 €+230%	42
Total 2020:	300 236,71 €	499 686,52 €	3,57 M €
2019 Q4	46 089 €	67 678 €	252 420 €+1 276%	37
2019 Q3	0 €	2 053 €	18 351 €	26
2019 Q2	0 €	0 €	0 €	0
2019 Q1	0 €	0 €	0 €	0
Total 2019:	46 089 €	69 731 €	270 771 €
2018 Q4	0 €	0 €	0 €	0
2018 Q3	0 €	0 €	0 €	0
2018 Q2	0 €	0 €	0 €	0
2018 Q1	0 €	0 €	0 €−100%	0
Total 2018:	0 €	0 €	0 €
2017 Q4	156 €	0 €	777 €+1 195%	0
2017 Q3	99 €	0 €	60 €−92,8%	0
2017 Q2	30 €	0 €	830 €+94,8%	1
2017 Q1	1 154 €	673 €	426 €	1
Total 2017:	1 439 €	673 €	2 093 €
2016 Q4	0 €	529 €	0 €	1
2016 Q3	0 €	0 €	0 €	0
2016 Q2	0 €	805 €	0 €	1
2016 Q1	0 €	0 €	0 €	0
Total 2016:	0 €	1 334 €	0 €
2015 Q4	0 €	0 €	0 €	0
2015 Q3	0 €	0 €	0 €	0
2015 Q2	0 €	0 €	0 €	0
Total 2015:	0 €	0 €	0 €

Revenue by industry

	2019	2020	2021
Machining	983 447 €	3 528 682 €	6 217 771 €

Tax debts

Type	Amount	Deferred	Disputed
Pollution charge (air)	2 014,04 €	0 €	0 €
Interest	70 863,33 €	0 €	0 €
Social tax	173 640,28 €	0 €	0 €
Value-added tax	20 886,79 €	0 €	0 €
Income tax in special cases	1 619,39 €	0 €	0 €
Unemployment insurance contributions	8 489,02 €	0 €	0 €
Withheld income tax	73 421,34 €	0 €	0 €
Total	350 934,19 €	0 €	0 €

Representatives

	Personal ID code
Kristjan Aava	37912XXXXXX	29.12.1979 (46)	Bankruptcy trustee	04.11.2024	-
André Tedre	37006XXXXXX	29.06.1970 (56)	Board member	26.09.2024	-

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Shareholders

	Personal ID code
AKG Lootsi OÜ	11149509	28.06.2005 (21)	Shareholder	2 500 EUR	100,00%	Sole ownership	06.01.2026	-

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Other persons

	Personal ID code
Kaidar Sultson	36610XXXXXX	03.10.1966 (60)	Bankruptcy-committee member	27.11.2024	-
Kärol Kibena	49601XXXXXX	29.01.1996 (30)	Bankruptcy-committee member	27.11.2024	-
Marko Kaevando	37302XXXXXX	24.02.1973 (53)	Bankruptcy-committee member	27.11.2024	-
Siim Rebane	38603XXXXXX	11.03.1986 (40)	Founder	23.06.2015	-
Dinero OÜ	11662359	28.05.2009 (17)	Founder	23.06.2015	-

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Ultimate beneficial owners

	Personal ID code
Kerli Leetsaar	48203XXXXXX	04.03.1982 (44)	Indirect holding	21.11.2024	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q1

Turnover

Amount: 0 €
Monthly average: 0 €
Per employee: -

Labour taxes

Turnover ratio: -
Tax ratio: -
Monthly average: 0 €
Per employee: -

State taxes

Monthly average: 0 €
Turnover ratio: -

Estimated salary

Gross salary: -
Net salary: -

Aggregate data

	2021	2020	2019
Current assets	1 427 497 €+107%	689 617 €−42,0%	1 189 393 €
Non-current assets	565 411 €+8,3%	522 105 €+10 414%	4 966 €
Total assets	1 992 908 €+64,5%	1 211 722 €+1,5%	1 194 359 €
Short-term liabilities	2 146 113 €+125%	954 097 €+128%	418 670 €
Long-term liabilities	138 358 €+518%	22 400 €	-
Total liabilities	2 284 471 €+134%	976 497 €+133%	418 670 €
Share or stock capital	-	-	-
Retained earnings	-783 775 €−835%	106 689 €+1 836%	5 511 €
Net profit	-1 025 998 €−15,2%	-890 464 €−980%	101 178 €
Equity	-291 563 €−224%	235 225 €−69,7%	775 689 €
Turnover	6 217 771 €+76,2%	3 528 682 €+259%	983 447 €
Profit margin	-16,5%	-25,2%	10,3%

Financial ratios

	2018	2017
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	-	3,0
Quick ratio	-	3,0
Cash ratio	-	0,1
Efficiency
Days sales outstanding (dso)	4 076,9	1 985,1
Asset turnover	0,0	0,1
Structure
Debt ratio	1,0	0,1
Profitability
Operating margin	-979,4%	42,6%
Net profit margin	-979,4%	42,6%
Return on assets (roa)	-47,6%	5,2%
Return on equity (roe)	-299,0%	5,3%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50010325 / 15	04.11.2024	Entry – Bankruptcy declaration entry	-	Entered into force04.11.2024
K 50010325 / 14	09.10.2024	Entry – Commercial-pledge amendment entry	-	Entered into force09.10.2024
Ä 50010325 / 13	26.09.2024	Entry – Amendment entry	-	Entered into force26.09.2024
Ä 50010325 / M7	09.08.2024	Fine-warning order – annual report not filed	-	Entered into force14.08.2024
Ä 50010325 / M6	23.04.2024	Repeat reporting-fine order	24.05.2024	Entered into force25.05.2024

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-24-12770/25	Kohtu I astme menetlus	Court rulingBankruptcy ruling	Bankruptcy law	Priit Lember	ECLI:EE:HMK:2024:2.24.12770.18847	01.11.2024	Open
2-23-7731/33	Kohtu I astme menetlus	Court judgment	Law of obligations	Mai Grauberg	ECLI:EE:HMK:2024:2.23.7731.11873	05.06.2024	Open
2-24-4129/4	Kohtu I astme menetlus	Court rulingCompromise ruling	Law of obligations	Janek Väli	ECLI:EE:HMK:2024:2.24.4129.6737	05.04.2024	Open
2-21-18362/32	Apellatsioonmenetlus	Court judgment	Law of obligations	Margo Klaar, Imbi Sidok-Toomsalu, Ele Liiv	ECLI:EE:TLRK:2024:2.21.18362.6092	26.01.2024	Open
2-21-18362/25	Kohtu I astme menetlus	Court judgment	Law of obligations	Ann Meriluht	ECLI:EE:HMK:2022:2.21.18362.27256	23.11.2022	Open

Official announcements


Notice of opportunity to examine the list of creditors	03.11.2025	PDF
Notice of opportunity to examine the list of creditors	11.07.2025	PDF
Notice of auction of movable property in bankruptcy proceedings	11.06.2025	PDF
Notice of auction of movable property in bankruptcy proceedings	27.05.2025	PDF
Notice of auction of movable property in bankruptcy proceedings	27.05.2025	PDF

Public transactions

No public transactions found

Company has no public transactions

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


02.12.2020	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 20884	KOMISJONI TEATIS Riigiabi ajutine raamistik majanduse toetamiseks praeguse COVID-19 puhangu kontekstis › Komisjoni teatise jaotis 3.3 "Laenude subsideeritud intressimäärana antav abi"Soft loan	500 000 €	20884/2000138
13.01.2020	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Nõustamine VTA › Nõustamine VTAGrant	1 100 €	15467/2004887
07.08.2019	Eesti TöötukassaAid measure 15461	Palgatoetus VTA › Palgatoetus VTAGrant	3 097,53 €	15461/2009244
31.07.2019	Eesti TöötukassaAid measure 15461	Palgatoetus VTA › Palgatoetus VTAGrant	3 252,29 €	15461/2009234
02.07.2019	Eesti TöötukassaAid measure 15461	Palgatoetus VTA › Palgatoetus VTAGrant	2 885,23 €	15461/2008912

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains

No domains found

Company has no valid .ee domains

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

Data comes from public registers.