aktsiaselts TREF
Active Registry code 10080052
AS Tartu linn Registered 25 Oct 1996
aktsiaselts TREF is a AS based in Tartu linn, registry code 10080052, status: active. Main activity: Construction of roads and motorways. According to EMTA, turnover for Q3 2026 was €13 972 746 with 55 employees.
Turnover
13 972 746 €
↑ 173.7% vs Q2 2026
State taxes
928 169 €
↑ 275.6% vs Q2 2026
Labour taxes
355 594 €
↑ 76.1% vs Q2 2026
Employees
55
−2 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 14 mn €above 98% of companiesindustry median 52 240 € · companies in the industry: 1 125
- Labour taxes per employee 6 465 €above 98% of companiesindustry median 1 750 € · companies in the industry: 933
- Revenue · 2025 21.7 mn €above 98% of companiesindustry median 88 960 € · companies in the industry: 1 426
- Net profit margin · 2025 13.2 %above 70% of companiesindustry median 5.0 % · companies in the industry: 1 185
Taxes and turnover
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 13 972 746 | 928 169 | 355 594 | 55 |
| Q2 2026 | 5 104 712 | 247 107 | 201 959 | 57 |
| Q1 2026 | 1 785 825 | 305 317 | 209 089 | 51 |
| Q4 2025 | 7 476 030 | 701 728 | 283 110 | 51 |
| Q3 2025 | 8 389 545 | 740 686 | 351 472 | 54 |
| Q2 2025 | 4 289 234 | 286 202 | 196 430 | 56 |
| Q1 2025 | 1 184 218 | 330 905 | 253 349 | 51 |
| Q4 2024 | 6 361 489 | 780 012 | 264 526 | 51 |
| Q3 2024 | 7 417 522 | 594 943 | 315 612 | 56 |
| Q2 2024 | 3 859 941 | 289 883 | 174 545 | 61 |
| Q1 2024 | 1 583 632 | 389 660 | 211 493 | 51 |
| Q4 2023 | 5 970 173 | 760 943 | 278 824 | 55 |
| Q3 2023 | 5 412 631 | 408 273 | 307 523 | 62 |
| Q2 2023 | 1 523 689 | 160 227 | 169 218 | 63 |
| Q1 2023 | 511 280 | 285 499 | 229 191 | 63 |
| Q4 2022 | 7 695 798 | 981 386 | 277 250 | 64 |
| Q3 2022 | 9 070 617 | 557 290 | 286 773 | 76 |
| Q2 2022 | 2 059 703 | 175 927 | 185 102 | 79 |
| Q1 2022 | 2 864 110 | 730 000 | 223 396 | 64 |
Labour taxes per employee per month
2 155 €
Turnover per employee in the quarter
254 050 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 21 701 368 | 2 865 740 | 2 375 891 | 18 682 309 | 16 510 881 | 53 |
| 2024 | 18 206 367 | 2 209 095 | 2 314 918 | 15 985 650 | 14 619 473 | 55 |
| 2023 | 13 921 493 | 397 431 | 2 314 678 | 14 697 764 | 13 387 380 | 60 |
| 2022 | 18 878 254 | 1 730 946 | 2 317 814 | 15 009 231 | 13 770 938 | 96 |
| 2021 | 20 796 444 | 1 025 508 | 2 265 801 | 16 022 294 | 13 228 021 | 0 |
| 2020 | 15 993 671 | 1 160 128 | 2 074 091 | 14 855 953 | 13 153 101 | 73 |
| 2019 | 16 510 046 | 10 847 | 2 049 710 | 15 174 232 | 12 672 201 | 77 |
| 2018 | — | — | — | — | — | 81 |
| 2017 | — | — | — | — | — | 88 |
| 2016 | — | — | — | — | — | 85 |
| 2015 | — | — | — | — | — | 82 |
| 2014 | — | — | — | — | — | 78 |
| 2013 | — | — | — | — | — | 0 |
| 2012 | — | — | — | — | — | 87 |
| 2011 | — | — | — | — | — | 92 |
| 2010 | — | — | — | — | — | 96 |
| 2009 | — | — | — | — | — | 101 |
| 2008 | — | — | — | — | — | 129 |
| 2007 | — | — | — | — | — | 125 |
| 2006 | — | — | — | — | — | 131 |
| 2005 | — | — | — | — | — | 130 |
| 2004 | — | — | — | — | — | 134 |
| 2003 | — | — | — | — | — | 130 |
| 2002 | — | — | — | — | — | 123 |
| 2001 | — | — | — | — | — | 124 |
| 2000 | — | — | — | — | — | 122 |
| 1999 | — | — | — | — | — | 113 |
| 1998 | — | — | — | — | — | 96 |
| 1997 | — | — | — | — | — | 95 |
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
13.2 %
Net profit / revenue
Return on equity (ROE)
17.4 %
Net profit / equity
Return on assets (ROA)
15.3 %
Net profit / assets
Equity ratio
88.4 %
Equity / assets
Debt ratio
11.6 %
Liabilities / assets
Current ratio
7.30
Current assets / current liabilities
Revenue per employee
409 460 €
Revenue / average full-time employees
Labour cost per employee per month
3 736 €
Labour costs / employees / 12 months (incl. employer taxes)
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 | 30 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 | 30 Jun 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 30 Jun 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 16 Oct 2020 | Consolidated · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 1 | 12 000 000 EEK | aktsiaselts Hansapank | 7 Jun 2002 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Andres GailitBoard member · since 25 Oct 1996
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 30%
- 100%
- 90%
Beneficial owners
- Andres GailitDirect ownership · since 26 Oct 2018
Founders and other persons
- OÜ E-AuditAudit firm · 21 Oct 2026
- Andres BachmannSupervisory board member · 8 Jun 2023
- Guido KruusmaaSupervisory board member · 8 Jun 2023
- Moonika SammelselgSupervisory board member · 8 Jun 2023
- Omanikukonto: ANDRES BACHMANNShareholder · 5 689 € · 5 Dec 2025
- Omanikukonto: ANDRES GAILITShareholder · 7 050 € · 5 Dec 2025
- Omanikukonto: GUIDO KRUUSMAAShareholder · 4 145 € · 5 Dec 2025
- Omanikukonto: MEREKARU OÜShareholder · 4 309 € · 5 Dec 2025
- Omanikukonto: VALDI-FILLER OÜShareholder · 3 364 € · 5 Dec 2025
Related companies
Activities (EMTAK)
- 42111Construction of roads and motorways Main
- 23991Manufacture of other non-metallic mineral products n.e.c.
- 68201Rental and operating of own or leased real estate
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 20001281 / 19 10 Oct 2019 |
Amendment under Commercial Code § 525 (2) | In force 10 Oct 2019 |
||
| Ä 20001281 / M7 1 Jun 2018 |
Ruling to correct data outside an entry | 16 Jun 2018 | Deficiencies eliminated 1 Jun 2018 |
|
| Ä 20001281 / 18 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 20001281 / 17 22 Dec 2017 |
Amendment entry | In force 22 Dec 2017 |
||
| Ä 20001281 / 16 3 Dec 2017 |
Amendment entry | In force 3 Dec 2017 |
||
| Ä 20001281 / 15 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 20001281 / 14 13 Oct 2014 |
Amendment entry | In force 13 Oct 2014 |
||
| Ä 20001281 / M6 9 Oct 2014 |
Ruling to eliminate deficiencies | 24 Oct 2014 | Deficiencies eliminated 13 Oct 2014 |
|
| Ä 20001281 / M5 24 Sep 2014 |
Ruling to eliminate deficiencies | 24 Oct 2014 | Deficiencies eliminated 13 Oct 2014 |
|
| Ä 20001281 / 13 28 Jul 2014 |
Amendment entry | In force 28 Jul 2014 |
||
| Ä 20001281 / 12 22 Nov 2013 |
Amendment entry | In force 22 Nov 2013 |
||
| Ä 20001281 / M4 21 Nov 2013 |
Ruling to eliminate deficiencies | 11 Dec 2013 | Deficiencies eliminated 22 Nov 2013 |
|
| Ä 20001281 / 11 30 Jul 2013 |
Amendment entry | In force 30 Jul 2013 |
||
| Ä 20001281 / 10 3 Jun 2011 |
Amendment entry | In force 3 Jun 2011 |
||
| Ä 20001281 / M3 20 May 2011 |
Ruling to be served | In force 20 May 2011 |
||
| Ä 20001281 / M2 17 May 2011 |
Ruling to eliminate deficiencies | 17 Jun 2011 | In force 17 May 2011 |
|
| Ä 1281 / 9 3 Dec 2008 |
Deletion of activities from the registry card | In force 23 Dec 2008 |
||
| Ä 1281 / 8 16 Jun 2003 |
Amendment entry | In force | ||
| Ä 1281 / 7 5 Dec 2002 |
Entry decision on the register’s own initiative | In force | ||
| K 23094 6 Jun 2002 |
Commercial pledge entered | In force | ||
| Ä 1281 / 6 5 Jun 2002 |
Unpublished amendment entry | In force |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data