MTK Ehituse Aktsiaselts

Active Registry code 10139348 AS Tallinn Registered 9 Apr 1997
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MTK Ehituse Aktsiaselts is a AS based in Tallinn, registry code 10139348, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €21 190 with 1 employees.

Turnover
21 190 €
↑ 74.4% vs Q2 2026
State taxes
5 293 €
↑ 3.8% vs Q2 2026
Labour taxes
1 866 €
↓ 39.6% vs Q2 2026
Employees
1
±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 21 190 €
    industry median 25 252 € · companies in the industry: 4 696
  • Labour taxes per employee 1 866 €
    industry median 1 211 € · companies in the industry: 4 133
  • Revenue · 2025 113 672 €
    industry median 38 239 € · companies in the industry: 6 999
  • Net profit margin · 2025 0.6 %
    industry median 3.5 % · companies in the industry: 5 561

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 21 190 € · +74.4% vs Q2 2026 · industry median 25 252 € · above 46% of the industry
010 00020 00030 00040 000Q4 2023 Company: 0 € Industry median: 26 427 €Q4·23Q1 2024 Company: 19 537 € Industry median: 19 618 €Q2 2024 Company: 27 381 € Industry median: 21 373 €Q2·24Q3 2024 Company: 32 844 € Industry median: 26 160 €Q4 2024 Company: 32 562 € Industry median: 25 496 €Q4·24Q1 2025 Company: 26 282 € Industry median: 19 568 €Q2 2025 Company: 19 620 € Industry median: 22 577 €Q2·25Q3 2025 Company: 25 296 € Industry median: 25 533 €Q4 2025 Company: 25 435 € Industry median: 25 721 €Q4·25Q1 2026 Company: 25 300 € Industry median: 20 483 €Q2 2026 Company: 12 150 € Industry median: 22 672 €Q2·26Q3 2026 Company: 21 190 € Industry median: 25 252 €Q3·26010 00020 00030 00040 000Q4 2024 Company: 32 562 € Industry median: 25 496 €Q1 2025 Company: 26 282 € Industry median: 19 568 €Q1·25Q2 2025 Company: 19 620 € Industry median: 22 577 €Q3 2025 Company: 25 296 € Industry median: 25 533 €Q3·25Q4 2025 Company: 25 435 € Industry median: 25 721 €Q1 2026 Company: 25 300 € Industry median: 20 483 €Q1·26Q2 2026 Company: 12 150 € Industry median: 22 672 €Q3 2026 Company: 21 190 € 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: 1 866 € · −39.6% vs Q2 2026 · industry median 1 211 € · above 73% of the industry
01 0002 0003 0004 000Q4 2023 Company: — Industry median: 1 145 €Q4·23Q1 2024 Company: 1 749 € Industry median: 1 097 €Q2 2024 Company: 928 € Industry median: 1 083 €Q2·24Q3 2024 Company: 1 723 € Industry median: 1 142 €Q4 2024 Company: 1 723 € Industry median: 1 179 €Q4·24Q1 2025 Company: 1 747 € Industry median: 1 188 €Q2 2025 Company: 1 759 € Industry median: 1 149 €Q2·25Q3 2025 Company: 1 759 € Industry median: 1 208 €Q4 2025 Company: 997 € Industry median: 1 254 €Q4·25Q1 2026 Company: 880 € Industry median: 1 183 €Q2 2026 Company: 3 087 € Industry median: 1 166 €Q2·26Q3 2026 Company: 1 866 € Industry median: 1 211 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 1 723 € Industry median: 1 179 €Q1 2025 Company: 1 747 € Industry median: 1 188 €Q1·25Q2 2025 Company: 1 759 € Industry median: 1 149 €Q3 2025 Company: 1 759 € Industry median: 1 208 €Q3·25Q4 2025 Company: 997 € Industry median: 1 254 €Q1 2026 Company: 880 € Industry median: 1 183 €Q1·26Q2 2026 Company: 3 087 € Industry median: 1 166 €Q3 2026 Company: 1 866 € 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: 1 · +0.0% vs Q2 2026
0.00.51.01.52.0Q4 2023 Company: —Q4·23Q1 2024 Company: 1Q2 2024 Company: 2Q2·24Q3 2024 Company: 2Q4 2024 Company: 2Q4·24Q1 2025 Company: 2Q2 2025 Company: 2Q2·25Q3 2025 Company: 2Q4 2025 Company: 2Q4·25Q1 2026 Company: 2Q2 2026 Company: 1Q2·26Q3 2026 Company: 1Q3·260.00.51.01.52.0Q4 2024 Company: 2Q1 2025 Company: 2Q1·25Q2 2025 Company: 2Q3 2025 Company: 2Q3·25Q4 2025 Company: 2Q1 2026 Company: 2Q1·26Q2 2026 Company: 1Q3 2026 Company: 1Q3·26
State taxes, € Q3 2026: 5 293 € · +3.8% vs Q2 2026
02 0004 0006 0008 000Q4 2023 Company: 944 €Q4·23Q1 2024 Company: 5 828 €Q2 2024 Company: 3 836 €Q2·24Q3 2024 Company: 5 869 €Q4 2024 Company: 4 993 €Q4·24Q1 2025 Company: 6 014 €Q2 2025 Company: 5 580 €Q2·25Q3 2025 Company: 7 095 €Q4 2025 Company: 4 463 €Q4·25Q1 2026 Company: 2 952 €Q2 2026 Company: 5 098 €Q2·26Q3 2026 Company: 5 293 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 4 993 €Q1 2025 Company: 6 014 €Q1·25Q2 2025 Company: 5 580 €Q3 2025 Company: 7 095 €Q3·25Q4 2025 Company: 4 463 €Q1 2026 Company: 2 952 €Q1·26Q2 2026 Company: 5 098 €Q3 2026 Company: 5 293 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 21 190 5 293 1 866 1
Q2 2026 12 150 5 098 3 087 1
Q1 2026 25 300 2 952 1 760 2
Q4 2025 25 435 4 463 1 993 2
Q3 2025 25 296 7 095 3 518 2
Q2 2025 19 620 5 580 3 518 2
Q1 2025 26 282 6 014 3 494 2
Q4 2024 32 562 4 993 3 445 2
Q3 2024 32 844 5 869 3 445 2
Q2 2024 27 381 3 836 1 855 2
Q1 2024 19 537 5 828 1 749 1
Q4 2023 — 944 738 —
Q3 2023 465 545 339 —
Q2 2023 — 545 339 —
Q1 2023 622 1 159 875 —
Q4 2022 45 953 2 490 1 947 1
Q3 2022 55 938 6 170 1 947 1
Q2 2022 31 263 4 077 1 947 1
Q1 2022 39 771 4 988 2 097 1
Labour taxes per employee per month
622 €
Turnover per employee in the quarter
21 190 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 113 672 € · +26.0% vs 2024 · industry median 38 239 € · above 70% of the industry
01002003004002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 352 995 € Industry median: 38 887 €20192020 Company: 2 453 € Industry median: 35 421 €20202021 Company: 225 187 € Industry median: 38 300 €20212022 Company: 157 758 € Industry median: 39 550 €20222023 Company: 20 002 € Industry median: 37 270 €20232024 Company: 90 210 € Industry median: 37 693 €20242025 Company: 113 672 € Industry median: 38 239 €202501002003004002018 Company: — Industry median: —2019 Company: 352 995 € Industry median: 38 887 €20192020 Company: 2 453 € Industry median: 35 421 €2021 Company: 225 187 € Industry median: 38 300 €20212022 Company: 157 758 € Industry median: 39 550 €2023 Company: 20 002 € Industry median: 37 270 €20232024 Company: 90 210 € Industry median: 37 693 €2025 Company: 113 672 € 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, € 2025: 641 € · +101.5% vs 2024 · industry median 411 € · above 52% of the industry
-60 000-40 000-20 000020 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 19 466 € Industry median: 643 €20192020 Company: -41 869 € Industry median: 281 €20202021 Company: -3 569 € Industry median: 315 €20212022 Company: -16 865 € Industry median: 398 €20222023 Company: 1 824 € Industry median: 253 €20232024 Company: -42 129 € Industry median: 108 €20242025 Company: 641 € Industry median: 411 €2025-60 000-40 000-20 000020 0002018 Company: — Industry median: —2019 Company: 19 466 € Industry median: 643 €20192020 Company: -41 869 € Industry median: 281 €2021 Company: -3 569 € Industry median: 315 €20212022 Company: -16 865 € Industry median: 398 €2023 Company: 1 824 € Industry median: 253 €20232024 Company: -42 129 € Industry median: 108 €2025 Company: 641 € Industry median: 411 €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: 0.6 % · +47.3 pp vs the year before · industry median 3.5 % · above 36% of the industry
-2 000-1 500-1 000-50005002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 5.5 % Industry median: 4.5 %20192020 Company: -1 706.8 % Industry median: 4.0 %20202021 Company: -1.6 % Industry median: 3.8 %20212022 Company: -10.7 % Industry median: 3.9 %20222023 Company: 9.1 % Industry median: 3.9 %20232024 Company: -46.7 % Industry median: 2.8 %20242025 Company: 0.6 % Industry median: 3.5 %2025-2 000-1 500-1 000-50005002018 Company: — Industry median: —2019 Company: 5.5 % Industry median: 4.5 %20192020 Company: -1 706.8 % Industry median: 4.0 %2021 Company: -1.6 % Industry median: 3.8 %20212022 Company: -10.7 % Industry median: 3.9 %2023 Company: 9.1 % Industry median: 3.9 %20232024 Company: -46.7 % Industry median: 2.8 %2025 Company: 0.6 % 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: 67 537 € · +0.8% vs 2024
0501001502002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 155 257 €20192020 Company: 99 963 €20202021 Company: 100 966 €20212022 Company: 80 610 €20222023 Company: 86 173 €20232024 Company: 66 978 €20242025 Company: 67 537 €20250501001502002018 Company: —2019 Company: 155 257 €20192020 Company: 99 963 €2021 Company: 100 966 €20212022 Company: 80 610 €2023 Company: 86 173 €20232024 Company: 66 978 €2025 Company: 67 537 €2025
Equity, € thousand 2025: 39 258 € · +1.7% vs 2024
0501001502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 141 219 €20192020 Company: 99 350 €20202021 Company: 95 780 €20212022 Company: 78 915 €20222023 Company: 80 739 €20232024 Company: 38 610 €20242025 Company: 39 258 €20250501001502018 Company: —2019 Company: 141 219 €20192020 Company: 99 350 €2021 Company: 95 780 €20212022 Company: 78 915 €2023 Company: 80 739 €20232024 Company: 38 610 €2025 Company: 39 258 €2025
Employees 2025: 2 · +0.0% vs 2024 · industry median 2 · above 50% of the industry
0.00.51.01.52.02016 Company: 1 Industry median: —20162017 Company: 1 Industry median: —20172018 Company: 1 Industry median: 220182019 Company: 1 Industry median: 220192020 Company: 1 Industry median: 220202021 Company: 1 Industry median: 220212022 Company: 1 Industry median: 220222023 Company: 1 Industry median: 220232024 Company: 2 Industry median: 220242025 Company: 2 Industry median: 220250.00.51.01.52.02018 Company: 1 Industry median: 22019 Company: 1 Industry median: 220192020 Company: 1 Industry median: 22021 Company: 1 Industry median: 220212022 Company: 1 Industry median: 22023 Company: 1 Industry median: 220232024 Company: 2 Industry median: 22025 Company: 2 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, € Labour costs, € Assets, € Equity, € Employees
2025 113 672 641 31 564 67 537 39 258 2
2024 90 210 -42 129 30 382 66 978 38 610 2
2023 20 002 1 824 2 660 86 173 80 739 1
2022 157 758 -16 865 19 152 80 610 78 915 1
2021 225 187 -3 569 19 902 100 966 95 780 1
2020 2 453 -41 869 19 152 99 963 99 350 1
2019 352 995 19 466 17 856 155 257 141 219 1
2018 — — — — — 1
2017 — — — — — 1
2016 — — — — — 1
2015 — — — — — 1
2014 — — — — — 1
2013 — — — — — 3
2012 — — — — — 4
2010 — — — — — 2
2009 — — — — — 2
2008 — — — — — 27
2007 — — — — — 37
2006 — — — — — 19
2005 — — — — — 18
2004 — — — — — 30
2003 — — — — — 15
2002 — — — — — 9
2001 — — — — — 7
2000 — — — — — 4
1999 — — — — — 4
1998 — — — — — 15
1997 — — — — — 13

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
0.6 %
Net profit / revenue
Return on equity (ROE)
1.6 %
Net profit / equity
Return on assets (ROA)
0.9 %
Net profit / assets
Equity ratio
58.1 %
Equity / assets
Debt ratio
41.9 %
Liabilities / assets
Current ratio
0.41
Current assets / current liabilities
Revenue per employee
56 836 €
Revenue / average full-time employees
Labour cost per employee per month
1 315 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 10 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 5 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 19 May 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 10 Jun 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 9 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 28 May 2020 Company’s own e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Ivar Käes
    Board member · since 9 Apr 1997

Right of representation

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

Owners

No owner information.

Beneficial owners

  • Ivar Käes
    Direct ownership · since 10 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 41001Construction of residential and non-residential buildings Main
  • 70201Business and other management consultancy activities
Rulings
Number, date Title Deadline State Document
Ä 10011855 / M2
20 Mar 2023
Ruling to correct data outside an entry 3 Apr 2023 Deficiencies eliminated
21 Mar 2023
PDF
Ä 10011855 / 12
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10011855 / 11
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10011855 / 10
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10011855 / 9
16 Sep 2016
Amendment entry In force
16 Sep 2016
PDF
Ä 10011855 / 8
17 Oct 2014
Entry refused In force
23 Nov 2014
PDF
Ä 10011855 / 7
1 Aug 2011
Amendment entry In force
1 Aug 2011
PDF
Ä 10011855 / 6
14 Jul 2011
Entry refused: deficiencies not eliminated In force
15 Jul 2011
PDF
Ä 10011855 / M1
27 May 2011
Ruling to eliminate deficiencies 27 Jun 2011 In force
27 May 2011
PDF
Ä 11855 / 5
3 Dec 2008
Deletion of activities from the registry card In force
15 Dec 2008
PDF
Ä 11855 / 4
15 Dec 2005
Amendment entry In force PDF
Ä 11855 / 3
30 Sep 2002
Entry decision on the register’s own initiative In force PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data