AS Maru

Active Registry code 10037062 AS Tallinn Registered 22 May 1996
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AS Maru is a AS based in Tallinn, registry code 10037062, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €1 513 340 with 14 employees.

Turnover
1 513 340 €
↓ 4.6% vs Q2 2026
State taxes
328 107 €
↑ 146.5% vs Q2 2026
Labour taxes
127 980 €
↑ 24.2% vs Q2 2026
Employees
14
±0 vs Q2 2026

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

Position in the industry Construction of residential and non-residential buildings · EMTAK 41

  • Turnover · Q3 2026 1.5 mn €
    industry median 25 252 € · companies in the industry: 4 696
  • Labour taxes per employee 9 141 €
    industry median 1 211 € · companies in the industry: 4 133
  • Revenue · 2025 3 mn €
    industry median 38 239 € · companies in the industry: 7 000
  • Net profit margin · 2025 24.1 %
    industry median 3.5 % · companies in the industry: 5 562

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 513 340 € · −4.6% vs Q2 2026 · industry median 25 252 € · above 98% of the industry
01 0002 0003 000Q4 2023 Company: 747 019 € Industry median: 26 427 €Q4·23Q1 2024 Company: 1 177 960 € Industry median: 19 618 €Q2 2024 Company: 1 864 220 € Industry median: 21 373 €Q2·24Q3 2024 Company: 1 846 354 € Industry median: 26 160 €Q4 2024 Company: 2 651 885 € Industry median: 25 496 €Q4·24Q1 2025 Company: 1 304 822 € Industry median: 19 568 €Q2 2025 Company: 1 174 913 € Industry median: 22 577 €Q2·25Q3 2025 Company: 536 273 € Industry median: 25 533 €Q4 2025 Company: 871 778 € Industry median: 25 721 €Q4·25Q1 2026 Company: 1 510 519 € Industry median: 20 483 €Q2 2026 Company: 1 586 216 € Industry median: 22 672 €Q2·26Q3 2026 Company: 1 513 340 € Industry median: 25 252 €Q3·2601 0002 0003 000Q4 2024 Company: 2 651 885 € Industry median: 25 496 €Q1 2025 Company: 1 304 822 € Industry median: 19 568 €Q1·25Q2 2025 Company: 1 174 913 € Industry median: 22 577 €Q3 2025 Company: 536 273 € Industry median: 25 533 €Q3·25Q4 2025 Company: 871 778 € Industry median: 25 721 €Q1 2026 Company: 1 510 519 € Industry median: 20 483 €Q1·26Q2 2026 Company: 1 586 216 € Industry median: 22 672 €Q3 2026 Company: 1 513 340 € Industry median: 25 252 €Q3·26
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 9 141 € · +24.2% vs Q2 2026 · industry median 1 211 € · above 98% of the industry
02 5005 0007 50010 00012 500Q4 2023 Company: 6 372 € Industry median: 1 145 €Q4·23Q1 2024 Company: 7 237 € Industry median: 1 097 €Q2 2024 Company: 6 555 € Industry median: 1 083 €Q2·24Q3 2024 Company: 10 045 € Industry median: 1 142 €Q4 2024 Company: 8 798 € Industry median: 1 179 €Q4·24Q1 2025 Company: 11 459 € Industry median: 1 188 €Q2 2025 Company: 7 510 € Industry median: 1 149 €Q2·25Q3 2025 Company: 10 019 € Industry median: 1 208 €Q4 2025 Company: 7 939 € Industry median: 1 254 €Q4·25Q1 2026 Company: 8 613 € Industry median: 1 183 €Q2 2026 Company: 7 361 € Industry median: 1 166 €Q2·26Q3 2026 Company: 9 141 € Industry median: 1 211 €Q3·2602 5005 0007 50010 00012 500Q4 2024 Company: 8 798 € Industry median: 1 179 €Q1 2025 Company: 11 459 € Industry median: 1 188 €Q1·25Q2 2025 Company: 7 510 € Industry median: 1 149 €Q3 2025 Company: 10 019 € Industry median: 1 208 €Q3·25Q4 2025 Company: 7 939 € Industry median: 1 254 €Q1 2026 Company: 8 613 € Industry median: 1 183 €Q1·26Q2 2026 Company: 7 361 € Industry median: 1 166 €Q3 2026 Company: 9 141 € Industry median: 1 211 €Q3·26
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 14 · +0.0% vs Q2 2026
051015Q4 2023 Company: 12Q4·23Q1 2024 Company: 13Q2 2024 Company: 13Q2·24Q3 2024 Company: 13Q4 2024 Company: 13Q4·24Q1 2025 Company: 13Q2 2025 Company: 14Q2·25Q3 2025 Company: 14Q4 2025 Company: 14Q4·25Q1 2026 Company: 15Q2 2026 Company: 14Q2·26Q3 2026 Company: 14Q3·26051015Q4 2024 Company: 13Q1 2025 Company: 13Q1·25Q2 2025 Company: 14Q3 2025 Company: 14Q3·25Q4 2025 Company: 14Q1 2026 Company: 15Q1·26Q2 2026 Company: 14Q3 2026 Company: 14Q3·26
State taxes, € thousand Q3 2026: 328 107 € · +146.5% vs Q2 2026
0100200300400Q4 2023 Company: 141 823 €Q4·23Q1 2024 Company: 194 104 €Q2 2024 Company: 106 101 €Q2·24Q3 2024 Company: 156 613 €Q4 2024 Company: 239 159 €Q4·24Q1 2025 Company: 219 843 €Q2 2025 Company: 55 323 €Q2·25Q3 2025 Company: 120 674 €Q4 2025 Company: 124 910 €Q4·25Q1 2026 Company: 314 350 €Q2 2026 Company: 133 086 €Q2·26Q3 2026 Company: 328 107 €Q3·260100200300400Q4 2024 Company: 239 159 €Q1 2025 Company: 219 843 €Q1·25Q2 2025 Company: 55 323 €Q3 2025 Company: 120 674 €Q3·25Q4 2025 Company: 124 910 €Q1 2026 Company: 314 350 €Q1·26Q2 2026 Company: 133 086 €Q3 2026 Company: 328 107 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 1 513 340 328 107 127 980 14
Q2 2026 1 586 216 133 086 103 053 14
Q1 2026 1 510 519 314 350 129 189 15
Q4 2025 871 778 124 910 111 141 14
Q3 2025 536 273 120 674 140 271 14
Q2 2025 1 174 913 55 323 105 143 14
Q1 2025 1 304 822 219 843 148 967 13
Q4 2024 2 651 885 239 159 114 372 13
Q3 2024 1 846 354 156 613 130 584 13
Q2 2024 1 864 220 106 101 85 210 13
Q1 2024 1 177 960 194 104 94 083 13
Q4 2023 747 019 141 823 76 458 12
Q3 2023 463 684 94 528 87 533 12
Q2 2023 804 016 85 228 70 284 12
Q1 2023 1 535 754 182 487 88 922 13
Q4 2022 886 177 115 865 75 580 13
Q3 2022 575 808 121 252 91 885 13
Q2 2022 1 888 020 119 425 77 397 14
Q1 2022 825 469 180 977 90 527 14
Labour taxes per employee per month
3 047 €
Turnover per employee in the quarter
108 096 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 3 040 961 € · −62.3% vs 2024 · industry median 38 239 € · above 98% of the industry
02 0004 0006 0008 00010 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 3 167 155 € Industry median: 38 887 €20192020 Company: 5 216 345 € Industry median: 35 421 €20202021 Company: 4 368 232 € Industry median: 38 277 €20212022 Company: 4 212 822 € Industry median: 39 545 €20222023 Company: 2 694 042 € Industry median: 37 262 €20232024 Company: 8 071 238 € Industry median: 37 686 €20242025 Company: 3 040 961 € Industry median: 38 239 €202502 0004 0006 0008 00010 0002018 Company: — Industry median: —2019 Company: 3 167 155 € Industry median: 38 887 €20192020 Company: 5 216 345 € Industry median: 35 421 €2021 Company: 4 368 232 € Industry median: 38 277 €20212022 Company: 4 212 822 € Industry median: 39 545 €2023 Company: 2 694 042 € Industry median: 37 262 €20232024 Company: 8 071 238 € Industry median: 37 686 €2025 Company: 3 040 961 € Industry median: 38 239 €2025
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 734 138 € · −65.9% vs 2024 · industry median 410 € · above 98% of the industry
05001 0001 5002 0002 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 614 833 € Industry median: 643 €20192020 Company: 923 472 € Industry median: 281 €20202021 Company: 57 180 € Industry median: 315 €20212022 Company: 198 587 € Industry median: 398 €20222023 Company: 217 512 € Industry median: 253 €20232024 Company: 2 154 216 € Industry median: 108 €20242025 Company: 734 138 € Industry median: 410 €202505001 0001 5002 0002 5002018 Company: — Industry median: —2019 Company: 614 833 € Industry median: 643 €20192020 Company: 923 472 € Industry median: 281 €2021 Company: 57 180 € Industry median: 315 €20212022 Company: 198 587 € Industry median: 398 €2023 Company: 217 512 € Industry median: 253 €20232024 Company: 2 154 216 € Industry median: 108 €2025 Company: 734 138 € Industry median: 410 €2025
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 24.1 % · −2.5 pp vs the year before · industry median 3.5 % · above 82% of the industry
01020302016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 19.4 % Industry median: 4.5 %20192020 Company: 17.7 % Industry median: 4.0 %20202021 Company: 1.3 % Industry median: 3.8 %20212022 Company: 4.7 % Industry median: 3.9 %20222023 Company: 8.1 % Industry median: 3.9 %20232024 Company: 26.7 % Industry median: 2.8 %20242025 Company: 24.1 % Industry median: 3.5 %202501020302018 Company: — Industry median: —2019 Company: 19.4 % Industry median: 4.5 %20192020 Company: 17.7 % Industry median: 4.0 %2021 Company: 1.3 % Industry median: 3.8 %20212022 Company: 4.7 % Industry median: 3.9 %2023 Company: 8.1 % Industry median: 3.9 %20232024 Company: 26.7 % Industry median: 2.8 %2025 Company: 24.1 % Industry median: 3.5 %2025
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 17 630 253 € · +3.0% vs 2024
05 00010 00015 00020 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 16 366 056 €20192020 Company: 18 357 859 €20202021 Company: 17 551 591 €20212022 Company: 17 876 779 €20222023 Company: 17 199 851 €20232024 Company: 17 114 391 €20242025 Company: 17 630 253 €202505 00010 00015 00020 0002018 Company: —2019 Company: 16 366 056 €20192020 Company: 18 357 859 €2021 Company: 17 551 591 €20212022 Company: 17 876 779 €2023 Company: 17 199 851 €20232024 Company: 17 114 391 €2025 Company: 17 630 253 €2025
Equity, € thousand 2025: 11 936 189 € · +3.8% vs 2024
05 00010 00015 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 8 582 993 €20192020 Company: 12 519 155 €20202021 Company: 12 555 986 €20212022 Company: 12 554 573 €20222023 Company: 12 259 585 €20232024 Company: 11 500 051 €20242025 Company: 11 936 189 €202505 00010 00015 0002018 Company: —2019 Company: 8 582 993 €20192020 Company: 12 519 155 €2021 Company: 12 555 986 €20212022 Company: 12 554 573 €2023 Company: 12 259 585 €20232024 Company: 11 500 051 €2025 Company: 11 936 189 €2025
Employees 2025: 19 · +11.8% vs 2024 · industry median 2 · above 98% of the industry
051015202016 Company: 15 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 220182019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 220202021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 220222023 Company: 0 Industry median: 220232024 Company: 17 Industry median: 220242025 Company: 19 Industry median: 22025051015202018 Company: 0 Industry median: 22019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 22021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 22023 Company: 0 Industry median: 220232024 Company: 17 Industry median: 22025 Company: 19 Industry median: 22025
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Assets, € Equity, € Employees
2025 3 040 961 734 138 17 630 253 11 936 189 19
2024 8 071 238 2 154 216 17 114 391 11 500 051 17
2023 2 694 042 217 512 17 199 851 12 259 585 0
2022 4 212 822 198 587 17 876 779 12 554 573 0
2021 4 368 232 57 180 17 551 591 12 555 986 0
2020 5 216 345 923 472 18 357 859 12 519 155 0
2019 3 167 155 614 833 16 366 056 8 582 993 0
2018 — — — — 0
2017 — — — — 0
2016 — — — — 15
2015 — — — — 0
2014 — — — — 16
2013 — — — — 0
2012 — — — — 0
2004 — — — — 4
2003 — — — — 3
2002 — — — — 39
2001 — — — — 76
2000 — — — — 81
1999 — — — — 74
1998 — — — — 70
1997 — — — — 80

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
24.1 %
Net profit / revenue
Return on equity (ROE)
6.2 %
Net profit / equity
Return on assets (ROA)
4.2 %
Net profit / assets
Equity ratio
67.7 %
Equity / assets
Debt ratio
32.3 %
Liabilities / assets
Current ratio
3.88
Current assets / current liabilities
Revenue per employee
160 051 €
Revenue / average full-time employees

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 30 Jun 2026 Consolidated · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Consolidated · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 28 Jun 2024 Consolidated · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 30 Jun 2023 Consolidated · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 4 Aug 2022 Consolidated · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 8 Jul 2021 Consolidated · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 31 Oct 2020 Consolidated · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
2 4 000 000 EEK Swedbank AS 4 Jan 2018 – in force
1 4 000 000 EEK aktsiaselts Hansapank 9 Jun 1997 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Pille-Riina Laiverik
    Board member · since 22 May 1996
  • Aivar Alavere
    Board member · since 27 Jun 2023

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Owner in

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 41001Construction of residential and non-residential buildings Main
  • 68111Buying and selling of own real estate
  • 68201Rental and operating of own or leased real estate
  • 70201Business and other management consultancy activities
  • 82991Other business support service activities n.e.c.
Rulings
Number, date Title Deadline State Document
Ä 10002220 / 20
27 Jun 2023
Amendment entry In force
27 Jun 2023
PDF
Ä 10002220 / 19
26 Nov 2021
Second (constitutive) merger entry In force
26 Nov 2021
PDF
Ä 10002220 / 18
4 Jan 2021
Second (constitutive) merger entry In force
4 Jan 2021
PDF
Ä 10002220 / M5
31 Dec 2020
Ruling to eliminate deficiencies 30 Jan 2021 Deficiencies eliminated
4 Jan 2021
PDF
Ä 10002220 / 17
6 Oct 2020
Amendment entry In force
6 Oct 2020
PDF
Ä 10002220 / 16
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10002220 / 13
4 Jan 2018
Second (constitutive) merger entry In force
4 Jan 2018
PDF
K 10002220 / 15
4 Jan 2018
Commercial pledge entered In force
4 Jan 2018
PDF
K 10002220 / 14
4 Jan 2018
Commercial pledge amended In force
4 Jan 2018
PDF
Ä 10002220 / M4
22 Dec 2017
Ruling to eliminate deficiencies 21 Jan 2018 Deficiencies eliminated
4 Jan 2018
PDF
Ä 10002220 / 12
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10002220 / 11
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10002220 / 10
31 Aug 2016
Amendment entry In force
31 Aug 2016
PDF
Ä 10002220 / M3
25 Sep 2015
Refund of the state fee In force
25 Sep 2015
PDF
Ä 10002220 / 9
16 Jul 2012
Amendment entry In force
16 Jul 2012
PDF
Ä 10002220 / 8
2 Feb 2012
Amendment entry In force
2 Feb 2012
PDF
Ä 2220 / 7
3 Dec 2008
Deletion of activities from the registry card In force
3 Dec 2008
PDF
Ä 2220 / 6
9 Jul 2008
Amendment entry In force
9 Jul 2008
PDF
Ä 2220 / M2
4 Jul 2008
Ruling to eliminate deficiencies (to be served) 8 Sep 2008 In force
10 Jul 2008
PDF
Ä 2220 / 5
18 Jul 2007
Amendment entry In force
18 Jul 2007
PDF
Ä 2220 / 4
27 Jan 2006
Amendment entry In force
27 Jan 2006
PDF
K 13714 / 3
27 Jan 2006
Compliance with Commercial Code § 33 (7.1) In force
27 Jan 2006
PDF
Ä 2220 / 3
8 Mar 2002
Entry decision on the register’s own initiative In force PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data