Osaühing VERX RAKVERE

Active Registry code 10293753 OÜ Rakvere linn Registered 21 Oct 1997

Osaühing VERX RAKVERE is a OÜ based in Rakvere linn, registry code 10293753, status: active. Main activity: Installation, maintenance and repair of heating, ventilation and air conditioning equipment. According to EMTA, turnover for Q3 2026 was €496 580 with 18 employees.

Turnover

496 580 €

↑ 8.2% vs Q2 2026

State taxes

89 421 €

↑ 19.9% vs Q2 2026

Labour taxes

50 592 €

↑ 13.5% vs Q2 2026

Employees

−2 vs Q2 2026

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

Position in the industry Specialised construction activities · EMTAK 43

Turnover · Q3 2026 496 580 €

above 98% of companies

industry median 23 017 € · companies in the industry: 6 974
Labour taxes per employee 2 811 €

above 88% of companies

industry median 1 236 € · companies in the industry: 5 958
Revenue · 2025 1.3 mn €

above 98% of companies

industry median 37 328 € · companies in the industry: 10 311
Net profit margin · 2025 0.0 %

above 30% of companies

industry median 3.9 % · companies in the industry: 8 588

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 496 580 € · +8.2% vs Q2 2026 · industry median 23 017 € · above 98% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 811 € · +26.1% vs Q2 2026 · industry median 1 236 € · above 88% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 18 · −10.0% vs Q2 2026

State taxes, € Q3 2026: 89 421 € · +19.9% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	496 580	89 421	50 592	18
Q2 2026	458 783	74 550	44 569	20
Q1 2026	311 233	71 544	41 525	19
Q4 2025	292 663	66 206	43 746	19
Q3 2025	361 788	83 400	46 456	20
Q2 2025	348 052	68 072	46 908	24
Q1 2025	329 433	61 407	41 439	23
Q4 2024	426 105	79 124	39 960	22
Q3 2024	505 118	81 084	46 913	22
Q2 2024	369 402	60 446	38 104	25
Q1 2024	343 338	60 586	34 708	20
Q4 2023	359 334	48 984	33 352	20
Q3 2023	332 237	52 265	36 930	20
Q2 2023	410 081	59 040	33 924	21
Q1 2023	277 742	48 886	32 958	21
Q4 2022	329 304	50 403	36 297	22
Q3 2022	432 372	61 933	38 853	22
Q2 2022	534 310	44 773	30 832	26
Q1 2022	358 275	45 955	31 876	21

Labour taxes per employee per month

937 €

Turnover per employee in the quarter

27 588 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 1 283 458 € · −20.8% vs 2024 · industry median 37 328 € · above 98% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 159 € · −95.6% vs 2024 · industry median 561 € · above 45% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 0.0 % · −0.2 pp vs the year before · industry median 3.9 % · above 30% of the industry

Company
Industry median

Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 230 841 € · −3.7% vs 2024

Equity, € 2025: 12 995 € · +1.2% vs 2024

Employees 2025: 21 · +0.0% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Specialised construction activities (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	1 283 458	159	437 888	230 841	12 995	21
2024	1 620 625	3 655	432 324	239 604	12 836	21
2023	1 436 035	324	368 965	239 635	9 183	20
2022	1 606 449	-489	363 647	234 136	8 859	22
2021	1 377 803	-24 367	323 163	273 383	9 348	23
2020	1 351 011	-5 861	295 004	255 927	33 715	22
2019	1 487 324	8 950	322 763	275 973	39 576	26
2018	—	—	—	—	—	26
2017	—	—	—	—	—	23
2016	—	—	—	—	—	19
2015	—	—	—	—	—	19
2014	—	—	—	—	—	19
2013	—	—	—	—	—	17
2012	—	—	—	—	—	15
2011	—	—	—	—	—	18
2010	—	—	—	—	—	20
2009	—	—	—	—	—	22
2008	—	—	—	—	—	25
2007	—	—	—	—	—	21
2006	—	—	—	—	—	16
2005	—	—	—	—	—	14
2004	—	—	—	—	—	11
2003	—	—	—	—	—	10
2002	—	—	—	—	—	10
2001	—	—	—	—	—	8
2000	—	—	—	—	—	7
1999	—	—	—	—	—	7
1998	—	—	—	—	—	6
1997	—	—	—	—	—	5

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

0.0 %

Net profit / revenue

Return on equity (ROE)

1.2 %

Net profit / equity

Return on assets (ROA)

0.1 %

Net profit / assets

Equity ratio

5.6 %

Equity / assets

Debt ratio

94.4 %

Liabilities / assets

Current ratio

1.00

Current assets / current liabilities

Revenue per employee

61 117 €

Revenue / average full-time employees

Labour cost per employee per month

1 738 €

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	29 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	27 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	19 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	15 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	17 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	16 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	8 Oct 2020	Company’s own	e-Äriregister

Board

Ingmar Papstel
Board member · since 21 Oct 1997

Right of representation

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

Owners

Kuido Kond
Natural person · 3 515 €

50%
Ingmar Papstel
Natural person · 3 515 €

50%

Beneficial owners

Ingmar Papstel
Direct ownership · since 25 Oct 2018
Kuido Kond
Direct ownership · since 25 Oct 2018

Founders and other persons

No other persons.

shared board members, owners or beneficial owners

Activities (EMTAK)

43221Installation, maintenance and repair of heating, ventilation and air conditioning equipment Main
41001Construction of residential and non-residential buildings
42211Construction of utility projects for fluids

Rulings 6

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 40005261 / 9 2 Sep 2023	Amendment entry	In force 2 Sep 2023	PDF
Ä 40005261 / 8 19 Jan 2018	Amendment entry	In force 19 Jan 2018	PDF
Ä 40005261 / 7 5 Dec 2017	Amendment entry	In force 5 Dec 2017	PDF
Ä 40005261 / 6 17 Jun 2014	Amendment under Commercial Code § 525 (2)	In force 17 Jun 2014	PDF
Ä 40005261 / 5 3 Jan 2012	Amendment entry	In force 3 Jan 2012	PDF
Ä 5261 / 4 3 Dec 2008	Deletion of activities from the registry card	In force 4 Dec 2008	PDF

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

Osaühing VERX RAKVERE

Position in the industry Specialised construction activities · EMTAK 43

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 6