Gustavi Ehituse Osaühing

Active Registry code 10309845 OÜ Tallinn Registered 4 Nov 1997

Gustavi Ehituse Osaühing is a OÜ based in Tallinn, registry code 10309845, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €31 232 with 3 employees.

Turnover

31 232 €

↑ 52.0% vs Q2 2026

State taxes

11 596 €

↑ 19.6% vs Q2 2026

Labour taxes

6 793 €

↑ 3.8% 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 31 232 €

above 55% of companies

industry median 25 252 € · companies in the industry: 4 696
Labour taxes per employee 2 264 €

above 81% of companies

industry median 1 211 € · companies in the industry: 4 133
Revenue · 2025 132 830 €

above 72% of companies

industry median 38 239 € · companies in the industry: 6 999
Net profit margin · 2025 1.7 %

above 43% of companies

industry median 3.5 % · companies in the industry: 5 561

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € Q3 2026: 31 232 € · +52.0% vs Q2 2026 · industry median 25 252 € · above 55% 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: 2 264 € · +3.8% vs Q2 2026 · industry median 1 211 € · above 81% 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: 3 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 11 596 € · +19.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	31 232	11 596	6 793	3
Q2 2026	20 541	9 694	6 546	3
Q1 2026	18 200	9 691	6 783	3
Q4 2025	29 258	9 058	6 263	3
Q3 2025	43 050	11 346	6 488	3
Q2 2025	40 813	11 006	6 403	3
Q1 2025	14 000	7 340	5 733	3
Q4 2024	35 920	10 108	5 719	3
Q3 2024	45 197	9 894	5 764	3
Q2 2024	12 507	5 984	5 571	3
Q1 2024	35 623	7 186	5 431	3
Q4 2023	52 122	10 281	6 526	3
Q3 2023	55 009	10 326	5 512	4
Q2 2023	31 200	7 889	4 888	3
Q1 2023	38 250	7 179	4 919	3
Q4 2022	50 275	7 100	5 513	3
Q3 2022	49 639	9 159	4 983	3
Q2 2022	7 880	5 220	4 445	3
Q1 2022	27 100	9 573	4 604	3

Labour taxes per employee per month

755 €

Turnover per employee in the quarter

10 411 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 132 830 € · +18.2% 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: 2 241 € · +123.0% vs 2024 · industry median 411 € · above 60% 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: 1.7 % · +10.4 pp vs the year before · industry median 3.5 % · above 43% 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: 36 461 € · +14.7% vs 2024

Equity, € 2025: 23 769 € · +10.4% vs 2024

Employees 2025: 3 · +0.0% vs 2024 · industry median 2 · above 65% 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	132 830	2 241	63 793	36 461	23 769	3
2024	112 350	-9 757	58 294	31 775	21 528	3
2023	181 040	16 613	56 670	61 036	31 285	3
2022	122 150	-29 283	51 134	37 372	14 672	3
2021	107 950	225	44 359	55 461	44 028	3
2020	79 585	-16 990	47 953	57 244	43 803	3
2019	170 710	-10 135	54 079	100 018	71 260	3
2018	—	—	—	—	—	4
2017	—	—	—	—	—	4
2016	—	—	—	—	—	4
2015	—	—	—	—	—	4
2014	—	—	—	—	—	4
2013	—	—	—	—	—	4
2012	—	—	—	—	—	6
2011	—	—	—	—	—	2
2010	—	—	—	—	—	2
2009	—	—	—	—	—	4
2008	—	—	—	—	—	9
2007	—	—	—	—	—	10
2006	—	—	—	—	—	8
2005	—	—	—	—	—	8
2004	—	—	—	—	—	8
2003	—	—	—	—	—	11
2002	—	—	—	—	—	16
2001	—	—	—	—	—	18
1999	—	—	—	—	—	19
1997	—	—	—	—	—	21

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

1.7 %

Net profit / revenue

Return on equity (ROE)

9.4 %

Net profit / equity

Return on assets (ROA)

6.1 %

Net profit / assets

Equity ratio

65.2 %

Equity / assets

Debt ratio

34.8 %

Liabilities / assets

Current ratio

2.87

Current assets / current liabilities

Revenue per employee

44 277 €

Revenue / average full-time employees

Labour cost per employee per month

1 772 €

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	17 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	5 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	25 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	22 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	28 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	21 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	9 Jun 2020	Company’s own	e-Äriregister

Board

Allan Timmermann
Board member · since 4 Nov 1997

Right of representation

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

Owners

Mati Must
Natural person · 57 500 €

50%
Allan Timmermann
Natural person · 57 500 €

50%

Beneficial owners

Allan Timmermann
Direct ownership · since 9 Jun 2020
Mati Must
Direct ownership · since 9 Jun 2020

Founders and other persons

No other persons.

shared board members, owners or beneficial owners

Activities (EMTAK)

41001Construction of residential and non-residential buildings Main

Rulings 9

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10019486 / 9 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10019486 / 8 3 Jul 2020	Amendment entry		In force 3 Jul 2020	PDF
Ä 10019486 / 7 7 May 2020	Amendment entry		In force 7 May 2020	PDF
Ä 10019486 / 6 16 Jan 2018	Amendment entry		In force 16 Jan 2018	PDF
Ä 10019486 / 5 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10019486 / 4 14 Sep 2016	Amendment entry		In force 14 Sep 2016	PDF
Ä 10019486 / 3 30 Jun 2010	Amendment under Commercial Code § 525 (2)		In force 30 Jun 2010	PDF
Ä 10019486 / 2 29 Jun 2010	Deletion of activities from the registry card		In force 29 Jun 2010	PDF
Ä 19486 / M1 13 Oct 2009	Fine for not filing the report	17 Nov 2009	In force 2 Nov 2009	PDF

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

Gustavi Ehituse Osaühing

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 9