Eesti ESM OÜ

Active Registry code 10176697 OÜ Narva linn Registered 23 Dec 1996

Eesti ESM OÜ is a OÜ based in Narva linn, registry code 10176697, status: active. Main activity: Construction of utility projects for fluids. According to EMTA, turnover for Q3 2026 was €350 961 with 21 employees.

Turnover

350 961 €

↓ 31.5% vs Q2 2026

State taxes

57 338 €

↓ 21.9% vs Q2 2026

Labour taxes

41 085 €

↓ 1.3% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Civil engineering · EMTAK 42

Turnover · Q3 2026 350 961 €

above 80% of companies

industry median 52 240 € · companies in the industry: 1 125
Labour taxes per employee 1 956 €

above 55% of companies

industry median 1 750 € · companies in the industry: 933
Revenue · 2025 2.5 mn €

above 91% of companies

industry median 88 960 € · companies in the industry: 1 426
Net profit margin · 2025 4.2 %

above 47% of companies

industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 350 961 € · −31.5% vs Q2 2026 · industry median 52 240 € · above 80% of the industry

Company
Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 1 956 € · +3.4% vs Q2 2026 · industry median 1 750 € · above 55% of the industry

Company
Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 21 · −4.5% vs Q2 2026

State taxes, € Q3 2026: 57 338 € · −21.9% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	350 961	57 338	41 085	21
Q2 2026	512 188	73 375	41 631	22
Q1 2026	624 537	91 229	47 672	23
Q4 2025	767 911	89 136	49 555	24
Q3 2025	659 199	96 895	46 706	23
Q2 2025	527 582	63 653	32 923	23
Q1 2025	127 369	41 326	28 331	20
Q4 2024	357 892	75 059	46 399	22
Q3 2024	585 779	88 755	47 334	26
Q2 2024	329 855	64 939	44 428	26
Q1 2024	156 620	47 913	39 672	25
Q4 2023	425 795	81 820	52 126	23
Q3 2023	686 338	100 746	59 656	25
Q2 2023	575 125	109 607	50 756	29
Q1 2023	187 168	58 537	44 845	27
Q4 2022	776 905	127 608	63 597	28
Q3 2022	616 957	107 534	52 409	32
Q2 2022	387 684	80 018	43 097	31
Q1 2022	642 096	96 855	55 282	29

Labour taxes per employee per month

652 €

Turnover per employee in the quarter

16 712 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 2 452 176 € · +65.9% vs 2024 · industry median 88 960 € · above 91% of the industry

Company
Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 102 912 € · +264.6% vs 2024 · industry median 2 500 € · above 88% of the industry

Company
Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 4.2 % · +8.4 pp vs the year before · industry median 5.0 % · above 47% of the industry

Company
Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 838 501 € · +200.3% vs 2024

Equity, € thousand 2025: 239 218 € · +63.5% vs 2024

Employees 2025: 18 · −10.0% vs 2024 · industry median 2 · above 91% of the industry

Company
Industry median

Industry: Civil engineering (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	2 452 176	102 912	463 544	838 501	239 218	18
2024	1 477 937	-62 526	477 311	279 238	146 306	20
2023	1 801 657	90 242	522 887	344 879	219 832	23
2022	2 005 725	25 459	575 226	487 650	129 590	24
2021	2 187 934	-270 843	537 719	812 790	135 131	26
2020	1 770 840	307 652	415 783	708 810	405 973	27
2019	1 558 629	-408 594	634 375	613 912	120 821	35
2018	—	—	—	—	—	39
2017	—	—	—	—	—	37
2016	—	—	—	—	—	34
2015	—	—	—	—	—	34
2014	—	—	—	—	—	37
2013	—	—	—	—	—	45
2012	—	—	—	—	—	54
2011	—	—	—	—	—	46
2010	—	—	—	—	—	41
2009	—	—	—	—	—	51
2008	—	—	—	—	—	80
2007	—	—	—	—	—	93
2006	—	—	—	—	—	98
2005	—	—	—	—	—	99
2004	—	—	—	—	—	102
2003	—	—	—	—	—	102
2002	—	—	—	—	—	97
2001	—	—	—	—	—	83
2000	—	—	—	—	—	74

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

4.2 %

Net profit / revenue

Return on equity (ROE)

43.0 %

Net profit / equity

Return on assets (ROA)

12.3 %

Net profit / assets

Equity ratio

28.5 %

Equity / assets

Debt ratio

71.5 %

Liabilities / assets

Current ratio

1.22

Current assets / current liabilities

Revenue per employee

136 232 €

Revenue / average full-time employees

Labour cost per employee per month

2 146 €

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	28 May 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	10 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	13 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	14 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	28 Apr 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	28 Apr 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	7 May 2020	Company’s own	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
2	3 300 000 EEK	Aktsiaselts SEB Eesti Ühispank	2 Nov 2005 – in force
1	2 500 000 EEK	Aktsiaselts EESTI ÜHISPANK	16 Jun 1998 – in force

Board

Anna Gradinar
Board member · since 24 Nov 2009
Radim Zeinalov
Board member · since 30 Oct 2012

Right of representation

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

Owners

Valeri Sikorski
Natural person · 25 688 €

40.20%
Radim Zeinalov
Natural person · 24 410 €

38.20%
Anna Gradinar
Natural person · 13 483 €

21.10%
Olga Litvinova
Natural person · 319 €

0.50%

Beneficial owners

Olga Litvinova
Direct ownership · since 28 May 2026
Anna Gradinar
Direct ownership · since 15 Oct 2018
Radim Zeinalov
Direct ownership · since 15 Oct 2018
Valeri Sikorski
Direct ownership · since 15 Oct 2018

Founders and other persons

Aleksei Titov
Audit firm · 10 May 2013
ST& Partners Osaühing
Audit firm · 10 May 2013

shared board members, owners or beneficial owners

Activities (EMTAK)

42211Construction of utility projects for fluids Main
42111Construction of roads and motorways
42991Construction of other civil engineering projects n.e.c.
77321Rental and leasing of construction and civil engineering machinery and equipment

Rulings 22

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 40001788 / M12 17 Oct 2024	Demand to pay the state fee	2 Nov 2024	In force 5 Nov 2024	PDF
Ä 40001788 / 18 17 Oct 2024	Entry made by the register on its own initiative		In force 17 Oct 2024	PDF
Ä 40001788 / 17 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 40001788 / 16 13 Sep 2018	Amendment entry		In force 13 Sep 2018	PDF
Ä 40001788 / 15 20 Jul 2018	Amendment entry		In force 20 Jul 2018	PDF
Ä 40001788 / 14 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 40001788 / 13 29 Aug 2017	Transformation entry		In force 29 Aug 2017	PDF
Ä 40001788 / M11 14 Aug 2017	Procedural ruling	25 Aug 2017	In force 14 Aug 2017	PDF
Ä 40001788 / M10 24 Jul 2017	Ruling to eliminate deficiencies	13 Aug 2017	Deficiencies eliminated 24 Aug 2017	PDF
Ä 40001788 / 12 28 Jul 2015	Amendment entry		In force 28 Jul 2015	PDF
Ä 40001788 / 11 30 Oct 2012	Amendment entry		In force 30 Oct 2012	PDF
Ä 40001788 / M9 25 Oct 2012	Ruling to eliminate deficiencies	25 Feb 2013	In force 25 Oct 2012	PDF
Ä 40001788 / M8 27 Aug 2012	Ruling to be served	27 Nov 2012	In force 29 Aug 2012	PDF
Ä 40001788 / M7 8 Dec 2011	Ruling to be served	8 Mar 2012	In force 8 Dec 2011	PDF
Ä 40001788 / 10 30 Jun 2010	Deletion of activities from the registry card		In force 30 Jun 2010	PDF
Ä 1788 / 9 24 Nov 2009	Amendment entry		In force 24 Nov 2009	PDF
Ä 1788 / 8 24 Sep 2009	Second (constitutive) merger entry		In force 24 Sep 2009	PDF
Ä 1788 / M6 3 Nov 2008	Warning of a fine: deficiencies in the annual report	1 Feb 2009	Deficiencies eliminated 4 Dec 2008	PDF
Ä 1788 / 7 16 Apr 2007	Entry refused: deficiencies not eliminated		In force 18 Apr 2007	PDF
K 7195 / 4 2 Nov 2005	Commercial pledge entered		In force	PDF
Ä 1788 / 6 30 Sep 2002	Entry decision on the register’s own initiative		In force	PDF
K 7195 / 3 10 Apr 2002	Commercial pledge amended		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data

Eesti ESM OÜ

Position in the industry Civil engineering · EMTAK 42

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 22