osaühing TARGAMA

Active Registry code 10164872 OÜ Uue-Antsla küla Registered 9 Dec 1996

osaühing TARGAMA is a OÜ based in Uue-Antsla küla, registry code 10164872, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €26 639 with 2 employees.

Turnover

26 639 €

↓ 50.4% vs Q2 2026

State taxes

4 373 €

↓ 46.9% vs Q2 2026

Labour taxes

2 941 €

↓ 20.4% vs Q2 2026

Employees

±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 26 639 €

above 51% of companies

industry median 25 252 € · companies in the industry: 4 696
Labour taxes per employee 1 471 €

above 62% of companies

industry median 1 211 € · companies in the industry: 4 133
Revenue · 2025 131 034 €

above 72% of companies

industry median 38 239 € · companies in the industry: 7 000
Net profit margin · 2025 9.0 %

above 64% of companies

industry median 3.5 % · companies in the industry: 5 562

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € Q3 2026: 26 639 € · −50.4% vs Q2 2026 · industry median 25 252 € · above 51% of the industry

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: 1 471 € · −20.4% vs Q2 2026 · industry median 1 211 € · above 62% of the industry

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: 2 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 4 373 € · −46.9% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	26 639	4 373	2 941	2
Q2 2026	53 741	8 241	3 696	2
Q1 2026	48 132	3 440	3 624	4
Q4 2025	34 348	7 875	3 695	4
Q3 2025	54 225	5 965	3 989	4
Q2 2025	11 157	4 663	4 700	4
Q1 2025	240	2 851	2 660	4
Q4 2024	14 803	4 402	3 604	4
Q3 2024	4 896	6 005	5 610	4
Q2 2024	51 392	9 724	5 061	6
Q1 2024	9 977	6 000	3 622	6
Q4 2023	37 638	4 702	3 097	6
Q3 2023	36 148	6 933	5 225	6
Q2 2023	28 375	8 376	7 911	6
Q1 2023	86 553	8 515	6 914	7
Q4 2022	41 086	10 362	10 246	6
Q3 2022	59 858	4 402	3 954	6
Q2 2022	69 788	—	5 205	5
Q1 2022	72 390	5 304	5 765	6

Labour taxes per employee per month

490 €

Turnover per employee in the quarter

13 320 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 131 034 € · +74.2% vs 2024 · industry median 38 239 € · above 72% of the industry

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: 11 744 € · +167.0% vs 2024 · industry median 410 € · above 77% of the industry

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: 9.0 % · +32.3 pp vs the year before · industry median 3.5 % · above 64% of the industry

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: 67 518 € · −2.8% vs 2024

Equity, € 2025: 14 843 € · +379.0% vs 2024

Employees 2025: 2 · +0.0% vs 2024 · industry median 2 · above 50% of the industry

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	131 034	11 744	46 738	67 518	14 843	2
2024	75 206	-17 518	51 356	69 479	3 099	2
2023	137 858	-51 682	72 227	85 665	20 617	5
2022	262 340	38 869	77 802	142 635	72 299	5
2021	183 185	29 096	48 254	76 346	33 430	6
2020	78 350	-10 728	11 896	62 230	4 334	2
2019	26 870	209	12 557	72 978	15 062	2
2018	—	—	—	—	—	2
2017	—	—	—	—	—	1
2016	—	—	—	—	—	3
2015	—	—	—	—	—	1
2014	—	—	—	—	—	1
2013	—	—	—	—	—	1
2012	—	—	—	—	—	2
2011	—	—	—	—	—	3
2010	—	—	—	—	—	2
2009	—	—	—	—	—	0
2008	—	—	—	—	—	7
2006	—	—	—	—	—	0
2001	—	—	—	—	—	3
2000	—	—	—	—	—	4
1999	—	—	—	—	—	4
1998	—	—	—	—	—	4
1997	—	—	—	—	—	3

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

9.0 %

Net profit / revenue

Return on equity (ROE)

79.1 %

Net profit / equity

Return on assets (ROA)

17.4 %

Net profit / assets

Equity ratio

22.0 %

Equity / assets

Debt ratio

78.0 %

Liabilities / assets

Current ratio

0.45

Current assets / current liabilities

Revenue per employee

65 517 €

Revenue / average full-time employees

Labour cost per employee per month

1 947 €

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	27 Apr 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	10 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	26 Apr 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	19 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	22 Jul 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	5 Jul 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	28 Apr 2020	Company’s own	e-Äriregister

Board

Madis Ingver
Board member · since 3 Apr 2008

Right of representation

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

Owners

Madis Ingver
Natural person · 40 000 €

100%

Beneficial owners

Madis Ingver
Direct ownership · since 27 Sep 2018

Founders and other persons

Toomas Kaart
Founder · 10 000 € · 9 Dec 1996

shared board members, owners or beneficial owners

Activities (EMTAK)

41001Construction of residential and non-residential buildings Main

Rulings 7

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 20002699 / M1 10 Jul 2025	Warning of a fine: annual report not filed	9 Aug 2025	Deficiencies eliminated 11 Jul 2025	PDF
Ä 20002699 / 8 9 Jun 2025	Amendment under Code of Civil Procedure § 595¹ (1)		In force 9 Jun 2025	PDF
Ä 20002699 / 7 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 20002699 / 6 8 Feb 2018	Amendment entry		In force 8 Feb 2018	PDF
Ä 20002699 / 5 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 2699 / 4 3 Dec 2008	Deletion of activities from the registry card		In force 22 Dec 2008	PDF
Ä 2699 / 3 3 Apr 2008	Amendment entry		In force 3 Apr 2008	PDF

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

osaühing TARGAMA

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

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 7