What IKER d.o.o. does

IKER d.o.o. is a Slovenian private limited company headquartered at Šmartinska cesta 106, Ljubljana, that provides heat and water measurement, meter installation, remote reading, cost allocation, reporting, and correction factor calculation services for multi-residential and commercial buildings. Founded in 2012, the company employs between 1 and 10 people and operates exclusively in the domestic Slovenian market. Its service portfolio is anchored by four core hardware categories — heat energy meters (calorimeters), heating cost allocators, cold/hot water meters, and remote meter reading systems (Walk-by radio, AMR with central units, wired M-BUS) — supplied through partnerships with manufacturers such as Engelmann, Siemens, Qundis, and Metra, allowing IKER to service buildings regardless of the installed meter brand.

Recurring service revenue is generated through monthly or annual meter reading, cost allocation of heating, cold water and hot water consumption, and the generation of monthly and annual consumption reports with email or postal distribution. Cost-allocation work is performed in the proprietary eŠtevci software platform, which has been developed over more than 15 years by an in-house programming team and produces export files compatible with Slovenian property management platforms such as iPartments and Independent. One-time revenue is generated by installations and replacements driven by regulatory meter validity cycles (5 years for meters, 10 years for cost allocators), and the company also calculates apartment position correction factors in line with Slovenian rule UL RS 61/2016.

IKER's go-to-market is direct service delivery to building owners and managers in Slovenia, with its primary online channel being the corporate website iker.si. Pricing is not publicly disclosed and is quote-based, varying by building size, meter count and chosen reading method. The customer base consists of multi-residential building owners (etažni lastniki), commercial property owners, and intermediaries such as building managers (upravniki) and municipal utilities (komunale) that consume the export files for billing. No external institutional funding, M&A activity, geographic expansion, or senior hires beyond founder Iztok Mihevc are indicated in the source data.

Name

IKER d.o.o.

Legal name

IKER d.o.o.

Website

https://iker.si

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

IKER d.o.o. is a Slovenian B2B service company that installs, reads, and processes heat and water meters for multi-residential and commercial buildings, using its proprietary eŠtevci software for cost allocation, reporting, and correction factor calculation under Slovenian regulation UL RS 61/2016.

Ownership category

akta.pro rank

Product category

Utility Metering Services

NAICS

Totalizing Fluid Meter and Counting Device Manufacturing (334514)

SIC

Totalizing Fluid Meters & Counting Devices (3824)

akta.pro primary industry

Submetering & Multi-Unit Property Billing (MUDs, submeters, RUBS, landlord/tenant billing) (EUANAIAK)

akta.pro secondary industry

Meter Reading Services (Manual, AMR/AMI Operations & Validation) (EUAJAKAC)

Keywords

• Heat meter installation
• Water meter reading
• Heating cost allocation
• Submetering services
• Consumption measurement

Headquarters

HQ city

Ljubljana

HQ country

Slovenia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Meter Installation Services: One-time installation of heating meters (calorimeters), heating cost allocators, and water meters in residential and commercial buildings. Includes first-time installation and replacement due to expiration (meters: 5 years, allocators: 10 years).
2. Meter Reading Services: Monthly or annual reading of meters via manual, Walk-by, AMR, or M-BUS systems. Recurring service revenue.
3. Cost Allocation/Division Services: Processing consumption data for allocation of heating, cold water, and hot water costs. Performed in proprietary eŠtevci system. Generates monthly/annual reports.
4. Report Generation: Monthly and annual consumption reports for entire buildings and individual apartments. Automated email distribution to residents or postal delivery. Part of ongoing service.
5. Correction Factor Calculations: Calculation of apartment position correction factors for heating consumption allocation, compliant with Slovenian regulation (UL RS 61/2016).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

IKER d.o.o. supplies, installs, and reads heat energy meters, water meters, and heating cost allocators in multi-residential and commercial buildings, then allocates consumption costs and produces tenant reports. Meter data, corrections, and reports are managed through the company's proprietary eŠtevci software system, which serves property managers and condominium owners throughout Slovenia.

Product overview

IKER d.o.o. is a water and heating measurement services company offering a portfolio of measurement hardware products and associated services for multi-residential and commercial buildings. The product portfolio includes Merilniki toplotne energije (heat energy meters/calorimeters) for measuring heating and cooling consumption, Delilniki stroškov ogrevanja (heating cost allocators) for radiator-level consumption tracking, Vodomeri (water meters) for cold and hot water measurement, and Sistemi odčitavanja (meter reading systems) supporting Walk-by, AMR, and M-BUS remote reading technologies. These hardware products are complemented by a suite of service offerings: Vgradnja merilnikov (meter installation), Odčitavanje merilnikov (meter reading), Izvedba delitev (cost allocation), Izdelava poročil (report generation), and Izračun korekcijskih faktorjev (correction factor calculation). All data processing is performed in their proprietary eŠtevci internal software system. The company supports equipment from multiple manufacturers including Engelmann, Siemens, Qundis, and Metra, allowing customers to use IKER's services without replacing existing meter infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• eŠtevci: Proprietary software system developed by IKER for processing consumption data, preparing cost allocations, generating monthly/annual reports for residents, and distributing consumption reports via email.

Products and services

• Heat Energy Meters (Merilniki toplotne energije) Devices that measure thermal energy delivered to a building or unit, supplied to Slovenian property managers and used as the basis for heating cost allocation.
• Water Meters (Vodomeri) Meters that record water consumption at unit level, supplied to property managers for tenant-level consumption tracking and billing.
• Heating Cost Allocators (Delilniki stroškov ogrevanja) Devices that distribute heating costs across radiators/units in buildings with a central heating system, used by property managers to allocate heating expenses per tenant.
• Meter Reading Systems (Sistemi odčitavanja) Reading infrastructure including walk-by remote reading, AMR central units, and M-BUS systems that capture consumption data from heat, water, and allocator devices for IKER's cost-allocation workflow.
• Meter Installation Service Professional on-site installation of heat meters, water meters, and cost allocators in residential and commercial buildings, delivered to Slovenian property managers and building owners.
• Meter Reading Service Periodic collection of consumption data from installed meters using walk-by, AMR, or M-BUS reading systems on behalf of property managers.
• Cost Allocation Service Calculation and distribution of per-unit heating and water costs based on measured consumption, including the application of correction factors required by Slovenian billing rules, delivered to property managers.
• Consumption Reports Generation of consumption and allocation reports for property managers and tenants, produced through IKER's eŠtevci software platform.
• Correction Factor Calculation Service Specialized service applying regulatory correction factors to heating consumption data so that allocated heating costs correctly reflect each unit's share, performed for Slovenian property managers.

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Engelmann GmbhcoreTechnology or IntegrationEngelmann is a supplier of water meters and heating cost allocators. IKER offers products from Engelmann including sanitary water meters and electronic cost allocators for heating. The partnership enables IKER to provide equipment from this manufacturer as part of their service offering.
• Siemens SlovenijacoreTechnology or IntegrationSiemens is a supplier of water meters and heating cost allocators. IKER offers products from Siemens including sanitary water meters and electronic cost allocators. This partnership provides additional equipment options for IKER's installation and service offerings.

Scale indicators2 records

Recent moves6 records

Expansion highlights2 records

Broad incumbents

• Kamstrup: Danish manufacturer of smart heat, cooling and water meters for utilities and submetering service companies. Comparable as a metering-OEM incumbent serving the same downstream service providers as IKER.
• Siemens Smart Infrastructure: Global industrial conglomerate whose Smart Infrastructure division manufactures heat and water meters and supplies them to submetering service providers including IKER. Comparable as a meter/OEM incumbent with a much broader portfolio.
• Diehl Metering: German smart-metering manufacturer with multi-utility offerings for heat, water and electricity. Comparable as a broader smart-metering incumbent whose installed base feeds into the same submetering workflows IKER supports.
• Engelmann Sensor: German heat cost allocator and water meter manufacturer listed as an IKER supplier. Comparable as an OEM producing the very meters IKER installs and reads.

Direct peers

• Brunata: Danish-origin submetering and heat-cost allocation specialist serving residential properties across Europe. Directly comparable as a service-led company focused on heat and water measurement allocation for multi-unit buildings.
• Ista: Germany-headquartered global leader in heat-cost allocation and submetering services for multi-residential buildings. Closest comparable to IKER in business model (install/read/allocate/reporting for heat and water), but operating at pan-European scale.
• Minol Messtechnik: German submetering service company offering heat, water and cold-meter reading plus cost allocation for housing industry and commercial properties. Closely mirrors IKER's install-read-allocate-report workflow.
• Kalorimeta: Slovenia/Croatia-based regional submetering and heat-cost allocation service provider operating in IKER's home market and immediate neighbourhood. Most direct local competitor.
• Techem: One of the largest European submetering and energy-cost allocation service providers, offering meter installation, radio reading, and consumption-based billing to landlords and building managers. Directly overlaps IKER's full-stack submetering offering.

Emerging players

• Qundis: German supplier of radio-based heat-cost allocator and meter-reading systems, listed as an IKER-compatible meter brand. Comparable as a more specialised, AMR-focused emerging player whose hardware is supported by IKER's services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IKER d.o.o.