Osaühing STUDIUM

Active Registry code 10320253 OÜ Tartu linn Registered 17 Nov 1997

Osaühing STUDIUM is a OÜ based in Tartu linn, registry code 10320253, status: active. Main activity: Publishing of textbooks, dictionaries and other encyclopaedias. According to EMTA, turnover for Q3 2026 was €118 579 with 6 employees.

Turnover

118 579 €

↓ 64.7% vs Q2 2026

State taxes

41 918 €

↓ 17.2% vs Q2 2026

Labour taxes

34 365 €

↑ 21.3% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Publishing activities · EMTAK 58

Turnover · Q3 2026 118 579 €

above 84% of companies

industry median 9 319 € · companies in the industry: 766
Labour taxes per employee 5 728 €

above 86% of companies

industry median 2 036 € · companies in the industry: 224
Revenue · 2025 707 833 €

above 98% of companies

industry median 5 175 € · companies in the industry: 1 328
Net profit margin · 2025 25.9 %

above 70% of companies

industry median 4.4 % · companies in the industry: 825

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 118 579 € · −64.7% vs Q2 2026 · industry median 9 319 € · above 84% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 5 728 € · +21.3% vs Q2 2026 · industry median 2 036 € · above 86% of the industry

Company
Industry median

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

Employees Q3 2026: 6 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 41 918 € · −17.2% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	118 579	41 918	34 365	6
Q2 2026	336 347	50 605	28 335	6
Q1 2026	144 722	36 878	30 534	7
Q4 2025	87 729	30 533	25 428	7
Q3 2025	123 088	103 439	39 109	7
Q2 2025	343 907	54 221	27 123	7
Q1 2025	162 978	40 956	31 726	7
Q4 2024	109 993	30 438	24 139	7
Q3 2024	155 513	121 588	48 705	7
Q2 2024	339 060	53 886	27 506	8
Q1 2024	139 097	35 474	31 271	9
Q4 2023	111 121	35 276	27 123	8
Q3 2023	171 155	45 088	30 789	8
Q2 2023	372 513	93 168	35 974	7
Q1 2023	204 000	34 834	27 679	7
Q4 2022	107 819	26 591	20 637	8
Q3 2022	90 428	32 085	29 764	7
Q2 2022	217 615	96 445	35 363	7
Q1 2022	281 798	41 027	26 139	9

Labour taxes per employee per month

1 909 €

Turnover per employee in the quarter

19 763 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 707 833 € · −4.7% vs 2024 · industry median 5 175 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 183 296 € · −13.7% vs 2024 · industry median 0 € · above 98% of the industry

Company
Industry median

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

Net profit margin, % 2025: 25.9 % · −2.7 pp vs the year before · industry median 4.4 % · above 70% of the industry

Company
Industry median

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

Assets, € thousand 2025: 632 785 € · −2.9% vs 2024

Equity, € thousand 2025: 455 060 € · −4.1% vs 2024

Employees 2025: 7 · −12.5% vs 2024 · industry median 1 · above 88% of the industry

Company
Industry median

Industry: Publishing 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	707 833	183 296	241 052	632 785	455 060	7
2024	742 656	212 342	239 719	651 696	474 564	8
2023	771 098	269 678	231 638	763 074	592 222	8
2022	748 649	190 499	207 280	737 562	494 545	7
2021	696 144	214 866	201 312	702 074	554 046	8
2020	699 354	226 184	209 535	693 766	553 180	8
2019	682 427	204 858	200 503	680 038	536 996	9
2018	—	—	—	—	—	8
2017	—	—	—	—	—	8
2016	—	—	—	—	—	8
2015	—	—	—	—	—	8
2014	—	—	—	—	—	8
2013	—	—	—	—	—	8
2012	—	—	—	—	—	8
2011	—	—	—	—	—	8
2010	—	—	—	—	—	8
2009	—	—	—	—	—	8
2008	—	—	—	—	—	8
2007	—	—	—	—	—	8
2006	—	—	—	—	—	8
2005	—	—	—	—	—	10
2004	—	—	—	—	—	10
2003	—	—	—	—	—	8
2002	—	—	—	—	—	8
2001	—	—	—	—	—	18
2000	—	—	—	—	—	10
1999	—	—	—	—	—	4

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

25.9 %

Net profit / revenue

Return on equity (ROE)

40.3 %

Net profit / equity

Return on assets (ROA)

29.0 %

Net profit / assets

Equity ratio

71.9 %

Equity / assets

Debt ratio

28.1 %

Liabilities / assets

Current ratio

9.26

Current assets / current liabilities

Revenue per employee

101 119 €

Revenue / average full-time employees

Labour cost per employee per month

2 870 €

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 May 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 May 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	7 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	31 May 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	31 May 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	18 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	5 Jul 2020	Company’s own	e-Äriregister

Board

Aavo Kennik
Board member · since 17 Nov 1997
Ülle Kurm
Board member · since 17 Nov 1997

Right of representation

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

Owners

Aavo Kennik
Natural person · 1 278 €

50%
Ülle Kurm
Natural person · 1 278 €

50%

Beneficial owners

Aavo Kennik
Direct ownership · since 19 Oct 2018
Ülle Kurm
Direct ownership · since 19 Oct 2018

Founders and other persons

No other persons.

shared board members, owners or beneficial owners

Activities (EMTAK)

58112Publishing of textbooks, dictionaries and other encyclopaedias Main
58111Publishing of books, brochures and similar publications

Rulings 7

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 20006967 / 9 1 Jun 2026	Amendment entry	In force 1 Jun 2026	PDF
Ä 20006967 / 8 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 20006967 / 7 18 Jan 2018	Amendment entry	In force 18 Jan 2018	PDF
Ä 20006967 / 6 22 Dec 2017	Amendment entry	In force 22 Dec 2017	PDF
Ä 20006967 / 5 3 Dec 2017	Amendment entry	In force 3 Dec 2017	PDF
Ä 20006967 / 4 14 Dec 2011	Amendment entry	In force 14 Dec 2011	PDF
Ä 6967 / 3 3 Dec 2008	Deletion of activities from the registry card	In force 20 Dec 2008	PDF

Sources: e-Äriregister and EMTA. Data updated 28 Oct 2026. Open at the source ↗ · Report an error in the data

Osaühing STUDIUM

Position in the industry Publishing activities · EMTAK 58

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