Aktsiaselts TELCO

Active Registry code 10231717 AS Tallinn Registered 15 Jul 1997
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Aktsiaselts TELCO is a AS based in Tallinn, registry code 10231717, status: active. Main activity: Construction of utility projects for electricity and telecommunications. According to EMTA, turnover for Q3 2026 was €268 809 with 11 employees.

Turnover
268 809 €
↑ 0.7% vs Q2 2026
State taxes
77 512 €
↑ 3.0% vs Q2 2026
Labour taxes
46 619 €
↑ 23.8% vs Q2 2026
Employees
11
−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 268 809 €
    industry median 52 240 € · companies in the industry: 1 125
  • Labour taxes per employee 4 238 €
    industry median 1 750 € · companies in the industry: 933
  • Revenue · 2025 884 989 €
    industry median 88 960 € · companies in the industry: 1 426
  • Net profit margin · 2025 0.4 %
    industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 268 809 € · +0.7% vs Q2 2026 · industry median 52 240 € · above 76% of the industry
0100200300400Q4 2023 Company: 185 121 € Industry median: 57 537 €Q4·23Q1 2024 Company: 305 301 € Industry median: 30 131 €Q2 2024 Company: 157 575 € Industry median: 43 636 €Q2·24Q3 2024 Company: 200 967 € Industry median: 55 552 €Q4 2024 Company: 282 590 € Industry median: 59 411 €Q4·24Q1 2025 Company: 313 651 € Industry median: 34 084 €Q2 2025 Company: 176 719 € Industry median: 44 234 €Q2·25Q3 2025 Company: 243 607 € Industry median: 54 940 €Q4 2025 Company: 258 910 € Industry median: 60 220 €Q4·25Q1 2026 Company: 184 475 € Industry median: 36 839 €Q2 2026 Company: 266 818 € Industry median: 44 874 €Q2·26Q3 2026 Company: 268 809 € Industry median: 52 240 €Q3·260100200300400Q4 2024 Company: 282 590 € Industry median: 59 411 €Q1 2025 Company: 313 651 € Industry median: 34 084 €Q1·25Q2 2025 Company: 176 719 € Industry median: 44 234 €Q3 2025 Company: 243 607 € Industry median: 54 940 €Q3·25Q4 2025 Company: 258 910 € Industry median: 60 220 €Q1 2026 Company: 184 475 € Industry median: 36 839 €Q1·26Q2 2026 Company: 266 818 € Industry median: 44 874 €Q3 2026 Company: 268 809 € Industry median: 52 240 €Q3·26
  • 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: 4 238 € · +35.1% vs Q2 2026 · industry median 1 750 € · above 88% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 3 613 € Industry median: 1 696 €Q4·23Q1 2024 Company: 3 483 € Industry median: 1 534 €Q2 2024 Company: 3 101 € Industry median: 1 448 €Q2·24Q3 2024 Company: 3 445 € Industry median: 1 657 €Q4 2024 Company: 3 606 € Industry median: 1 890 €Q4·24Q1 2025 Company: 3 277 € Industry median: 1 717 €Q2 2025 Company: 3 434 € Industry median: 1 538 €Q2·25Q3 2025 Company: 3 598 € Industry median: 1 845 €Q4 2025 Company: 3 693 € Industry median: 2 070 €Q4·25Q1 2026 Company: 3 455 € Industry median: 1 721 €Q2 2026 Company: 3 137 € Industry median: 1 482 €Q2·26Q3 2026 Company: 4 238 € Industry median: 1 750 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 3 606 € Industry median: 1 890 €Q1 2025 Company: 3 277 € Industry median: 1 717 €Q1·25Q2 2025 Company: 3 434 € Industry median: 1 538 €Q3 2025 Company: 3 598 € Industry median: 1 845 €Q3·25Q4 2025 Company: 3 693 € Industry median: 2 070 €Q1 2026 Company: 3 455 € Industry median: 1 721 €Q1·26Q2 2026 Company: 3 137 € Industry median: 1 482 €Q3 2026 Company: 4 238 € Industry median: 1 750 €Q3·26
  • 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: 11 · −8.3% vs Q2 2026
03581013Q4 2023 Company: 12Q4·23Q1 2024 Company: 12Q2 2024 Company: 12Q2·24Q3 2024 Company: 12Q4 2024 Company: 12Q4·24Q1 2025 Company: 12Q2 2025 Company: 12Q2·25Q3 2025 Company: 12Q4 2025 Company: 12Q4·25Q1 2026 Company: 12Q2 2026 Company: 12Q2·26Q3 2026 Company: 11Q3·2603581013Q4 2024 Company: 12Q1 2025 Company: 12Q1·25Q2 2025 Company: 12Q3 2025 Company: 12Q3·25Q4 2025 Company: 12Q1 2026 Company: 12Q1·26Q2 2026 Company: 12Q3 2026 Company: 11Q3·26
State taxes, € Q3 2026: 77 512 € · +3.0% vs Q2 2026
020 00040 00060 00080 000100 000Q4 2023 Company: 62 939 €Q4·23Q1 2024 Company: 93 238 €Q2 2024 Company: 49 533 €Q2·24Q3 2024 Company: 56 645 €Q4 2024 Company: 76 867 €Q4·24Q1 2025 Company: 81 469 €Q2 2025 Company: 59 352 €Q2·25Q3 2025 Company: 75 230 €Q4 2025 Company: 71 686 €Q4·25Q1 2026 Company: 59 030 €Q2 2026 Company: 75 220 €Q2·26Q3 2026 Company: 77 512 €Q3·26020 00040 00060 00080 000100 000Q4 2024 Company: 76 867 €Q1 2025 Company: 81 469 €Q1·25Q2 2025 Company: 59 352 €Q3 2025 Company: 75 230 €Q3·25Q4 2025 Company: 71 686 €Q1 2026 Company: 59 030 €Q1·26Q2 2026 Company: 75 220 €Q3 2026 Company: 77 512 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 268 809 77 512 46 619 11
Q2 2026 266 818 75 220 37 647 12
Q1 2026 184 475 59 030 41 462 12
Q4 2025 258 910 71 686 44 316 12
Q3 2025 243 607 75 230 43 171 12
Q2 2025 176 719 59 352 41 207 12
Q1 2025 313 651 81 469 39 325 12
Q4 2024 282 590 76 867 43 270 12
Q3 2024 200 967 56 645 41 343 12
Q2 2024 157 575 49 533 37 207 12
Q1 2024 305 301 93 238 41 794 12
Q4 2023 185 121 62 939 43 360 12
Q3 2023 251 706 63 388 38 180 12
Q2 2023 292 482 64 290 35 404 11
Q1 2023 155 948 39 711 32 756 11
Q4 2022 243 091 51 984 39 108 11
Q3 2022 230 980 70 555 36 851 12
Q2 2022 210 316 44 327 26 799 10
Q1 2022 172 160 39 727 26 354 10
Labour taxes per employee per month
1 413 €
Turnover per employee in the quarter
24 437 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 884 989 € · −11.5% vs 2024 · industry median 88 960 € · above 82% of the industry
02004006008001 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 733 178 € Industry median: 87 742 €20192020 Company: 723 220 € Industry median: 79 900 €20202021 Company: 673 288 € Industry median: 85 202 €20212022 Company: 815 085 € Industry median: 83 429 €20222023 Company: 966 128 € Industry median: 84 652 €20232024 Company: 999 742 € Industry median: 74 590 €20242025 Company: 884 989 € Industry median: 88 960 €202502004006008001 0002018 Company: — Industry median: —2019 Company: 733 178 € Industry median: 87 742 €20192020 Company: 723 220 € Industry median: 79 900 €2021 Company: 673 288 € Industry median: 85 202 €20212022 Company: 815 085 € Industry median: 83 429 €2023 Company: 966 128 € Industry median: 84 652 €20232024 Company: 999 742 € Industry median: 74 590 €2025 Company: 884 989 € Industry median: 88 960 €2025
  • 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: 3 415 € · −92.4% vs 2024 · industry median 2 500 € · above 52% of the industry
-2502550751001252016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 5 950 € Industry median: 3 099 €20192020 Company: -19 657 € Industry median: 1 997 €20202021 Company: 51 122 € Industry median: 2 977 €20212022 Company: 44 095 € Industry median: 2 069 €20222023 Company: 101 372 € Industry median: 2 486 €20232024 Company: 44 850 € Industry median: 1 984 €20242025 Company: 3 415 € Industry median: 2 500 €2025-2502550751001252018 Company: — Industry median: —2019 Company: 5 950 € Industry median: 3 099 €20192020 Company: -19 657 € Industry median: 1 997 €2021 Company: 51 122 € Industry median: 2 977 €20212022 Company: 44 095 € Industry median: 2 069 €2023 Company: 101 372 € Industry median: 2 486 €20232024 Company: 44 850 € Industry median: 1 984 €2025 Company: 3 415 € Industry median: 2 500 €2025
  • 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: 0.4 % · −4.1 pp vs the year before · industry median 5.0 % · above 31% of the industry
-50510152016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 0.8 % Industry median: 6.0 %20192020 Company: -2.7 % Industry median: 5.2 %20202021 Company: 7.6 % Industry median: 6.0 %20212022 Company: 5.4 % Industry median: 4.7 %20222023 Company: 10.5 % Industry median: 5.1 %20232024 Company: 4.5 % Industry median: 4.7 %20242025 Company: 0.4 % Industry median: 5.0 %2025-50510152018 Company: — Industry median: —2019 Company: 0.8 % Industry median: 6.0 %20192020 Company: -2.7 % Industry median: 5.2 %2021 Company: 7.6 % Industry median: 6.0 %20212022 Company: 5.4 % Industry median: 4.7 %2023 Company: 10.5 % Industry median: 5.1 %20232024 Company: 4.5 % Industry median: 4.7 %2025 Company: 0.4 % Industry median: 5.0 %2025
  • 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: 415 606 € · −16.0% vs 2024
01002003004005002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 324 340 €20192020 Company: 253 043 €20202021 Company: 279 375 €20212022 Company: 335 771 €20222023 Company: 445 767 €20232024 Company: 494 686 €20242025 Company: 415 606 €202501002003004005002018 Company: —2019 Company: 324 340 €20192020 Company: 253 043 €2021 Company: 279 375 €20212022 Company: 335 771 €2023 Company: 445 767 €20232024 Company: 494 686 €2025 Company: 415 606 €2025
Equity, € thousand 2025: 199 698 € · +1.7% vs 2024
0501001502002502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 126 372 €20192020 Company: 106 715 €20202021 Company: 152 611 €20212022 Company: 156 706 €20222023 Company: 211 721 €20232024 Company: 196 282 €20242025 Company: 199 698 €20250501001502002502018 Company: —2019 Company: 126 372 €20192020 Company: 106 715 €2021 Company: 152 611 €20212022 Company: 156 706 €2023 Company: 211 721 €20232024 Company: 196 282 €2025 Company: 199 698 €2025
Employees 2025: 12 · +0.0% vs 2024 · industry median 2 · above 86% of the industry
0510152016 Company: 12 Industry median: —20162017 Company: 14 Industry median: —20172018 Company: 14 Industry median: 320182019 Company: 14 Industry median: 320192020 Company: 14 Industry median: 320202021 Company: 9 Industry median: 320212022 Company: 9 Industry median: 320222023 Company: 12 Industry median: 220232024 Company: 12 Industry median: 220242025 Company: 12 Industry median: 220250510152018 Company: 14 Industry median: 32019 Company: 14 Industry median: 320192020 Company: 14 Industry median: 32021 Company: 9 Industry median: 320212022 Company: 9 Industry median: 32023 Company: 12 Industry median: 220232024 Company: 12 Industry median: 22025 Company: 12 Industry median: 22025
  • 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 884 989 3 415 399 296 415 606 199 698 12
2024 999 742 44 850 380 565 494 686 196 282 12
2023 966 128 101 372 382 362 445 767 211 721 12
2022 815 085 44 095 324 395 335 771 156 706 9
2021 673 288 51 122 262 541 279 375 152 611 9
2020 723 220 -19 657 357 815 253 043 106 715 14
2019 733 178 5 950 358 000 324 340 126 372 14
2018 — — — — — 14
2017 — — — — — 14
2016 — — — — — 12
2015 — — — — — 13
2014 — — — — — 13
2013 — — — — — 15
2012 — — — — — 17
2011 — — — — — 18
2010 — — — — — 16
2009 — — — — — 18
2008 — — — — — 18
2007 — — — — — 18
2006 — — — — — 18
2005 — — — — — 18
2004 — — — — — 18
2003 — — — — — 18
2002 — — — — — 18
2001 — — — — — 18
2000 — — — — — 18
1999 — — — — — 18
1998 — — — — — 15
1997 — — — — — 12

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
0.4 %
Net profit / revenue
Return on equity (ROE)
1.7 %
Net profit / equity
Return on assets (ROA)
0.8 %
Net profit / assets
Equity ratio
48.0 %
Equity / assets
Debt ratio
52.0 %
Liabilities / assets
Current ratio
1.74
Current assets / current liabilities
Revenue per employee
73 749 €
Revenue / average full-time employees
Labour cost per employee per month
2 773 €
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 15 May 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 26 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 24 May 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 16 Apr 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 24 Apr 2020 Company’s own · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
1 600 000 EEK aktsiaselts Hansapank 13 Apr 1998 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Mati Kinkar
    Board member · since 15 Jul 1997
  • Harri Kinkar
    Board member · since 20 Apr 2021

Right of representation

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

Owners

No owner information.

Beneficial owners

Founders and other persons

Activities (EMTAK)

  • 42221Construction of utility projects for electricity and telecommunications Main
Rulings
Number, date Title Deadline State Document
Ä 10014988 / 16
30 Sep 2021
Amendment under Commercial Code § 525 (2) In force
30 Sep 2021
PDF
Ä 10014988 / 15
20 Apr 2021
Amendment entry In force
20 Apr 2021
PDF
Ä 10014988 / M2
12 Apr 2021
Ruling to eliminate deficiencies 7 May 2021 Deficiencies eliminated
20 Apr 2021
PDF
Ä 10014988 / 14
12 Apr 2021
Amendment entry In force
12 Apr 2021
PDF
Ä 10014988 / 13
5 Sep 2019
Amendment under Commercial Code § 525 (2) In force
5 Sep 2019
PDF
Ä 10014988 / 12
28 Mar 2019
Amendment entry In force
28 Mar 2019
PDF
Ä 10014988 / 11
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10014988 / 10
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10014988 / 9
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10014988 / 8
31 Aug 2016
Amendment entry In force
31 Aug 2016
PDF
Ä 10014988 / 7
2 Feb 2012
Amendment entry In force
2 Feb 2012
PDF
Ä 10014988 / M1
30 Jan 2012
Ruling to eliminate deficiencies 1 Mar 2012 In force
30 Jan 2012
PDF
Ä 14988 / 6
5 Jan 2009
Deletion of activities from the registry card In force
13 Jan 2009
PDF

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