Osaühing Merkest

Active Registry code 10481733 OÜ Tallinn Registered 31 Aug 1998

Osaühing Merkest is a OÜ based in Tallinn, registry code 10481733, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €67 093 with 1 employees.

Turnover

67 093 €

↓ 47.3% vs Q2 2026

State taxes

11 202 €

↑ 12.8% vs Q2 2026

Labour taxes

1 841 €

↑ 29.6% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Real estate activities · EMTAK 68

Turnover · Q3 2026 67 093 €

above 77% of companies

industry median 15 030 € · companies in the industry: 7 443
Labour taxes per employee 1 841 €

above 83% of companies

industry median 857 € · companies in the industry: 7 261
Revenue · 2025 375 343 €

above 98% of companies

industry median 13 620 € · companies in the industry: 30 471
Net profit margin · 2025 153.9 %

above 98% of companies

industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 67 093 € · −47.3% vs Q2 2026 · industry median 15 030 € · above 77% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 1 841 € · +29.6% vs Q2 2026 · industry median 857 € · above 83% of the industry

Company
Industry median

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

Employees Q3 2026: 1 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 11 202 € · +12.8% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	67 093	11 202	1 841	1
Q2 2026	127 273	9 929	1 421	1
Q1 2026	83 990	11 478	1 431	1
Q4 2025	93 220	15 003	1 451	1
Q3 2025	89 988	15 585	1 451	1
Q2 2025	95 200	12 750	1 451	1
Q1 2025	104 382	11 937	1 768	1
Q4 2024	104 015	13 608	1 260	1
Q3 2024	78 545	12 832	1 260	1
Q2 2024	86 177	14 924	1 205	1
Q1 2024	115 030	14 469	1 095	1
Q4 2023	101 819	7 341	1 095	1
Q3 2023	82 167	5 108	1 095	1
Q2 2023	89 880	7 852	1 095	1
Q1 2023	104 600	7 721	976	1
Q4 2022	104 204	7 428	995	1
Q3 2022	90 330	8 437	995	1
Q2 2022	83 639	4 466	1 852	1
Q1 2022	97 257	7 240	1 653	2

Labour taxes per employee per month

614 €

Turnover per employee in the quarter

67 093 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 375 343 € · −34.3% vs 2024 · industry median 13 620 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 577 529 € · +137.7% vs 2024 · industry median 283 € · above 98% of the industry

Company
Industry median

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

Net profit margin, % 2025: 153.9 % · +422.3 pp vs the year before · industry median 5.9 % · above 98% of the industry

Company
Industry median

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

Assets, € thousand 2025: 2 716 615 € · +15.2% vs 2024

Equity, € thousand 2025: 1 967 463 € · +41.6% vs 2024

Employees 2025: 1 · +0.0% vs 2024 · industry median 1 · above 5% of the industry

Company
Industry median

Industry: Real estate 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	375 343	577 529	17 662	2 716 615	1 967 463	1
2024	571 298	-1 533 305	23 458	2 358 465	1 389 934	1
2023	388 518	294 976	13 466	3 960 077	2 923 239	1
2022	391 174	178 272	20 456	3 751 322	2 628 263	2
2021	297 260	103 598	18 063	3 557 469	2 449 991	2
2020	366 233	227 174	16 293	3 343 229	2 346 393	2
2019	—	—	—	—	—	2
2018	—	—	—	—	—	2
2017	—	—	—	—	—	2
2016	—	—	—	—	—	0
2015	—	—	—	—	—	0
2014	—	—	—	—	—	0
2013	—	—	—	—	—	0
2012	—	—	—	—	—	1
2011	—	—	—	—	—	2
2010	—	—	—	—	—	6
2009	—	—	—	—	—	6
2007	—	—	—	—	—	8
2006	—	—	—	—	—	8
2005	—	—	—	—	—	9
2004	—	—	—	—	—	12
2003	—	—	—	—	—	7
2002	—	—	—	—	—	9
2001	—	—	—	—	—	12
2000	—	—	—	—	—	12
1999	—	—	—	—	—	14

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

153.9 %

Net profit / revenue

Return on equity (ROE)

29.4 %

Net profit / equity

Return on assets (ROA)

21.3 %

Net profit / assets

Equity ratio

72.4 %

Equity / assets

Debt ratio

27.6 %

Liabilities / assets

Current ratio

0.48

Current assets / current liabilities

Revenue per employee

375 343 €

Revenue / average full-time employees

Labour cost per employee per month

1 472 €

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	2 Jun 2026	Company’s own	e-Äriregister
2024	1 Jul 2023 – 31 Dec 2024	15 Jun 2025	Company’s own	e-Äriregister
2022	1 Jul 2022 – 30 Jun 2023	18 Oct 2023	Company’s own · audited	e-Äriregister
2021	1 Jul 2021 – 30 Jun 2022	20 Nov 2022	Company’s own · audited	e-Äriregister
2020	1 Jul 2020 – 30 Jun 2021	15 Dec 2021	Company’s own · audited	e-Äriregister
2019	1 Jul 2019 – 30 Jun 2020	10 Feb 2021	Company’s own · audited	e-Äriregister

Board

Mihkel Kõrgmaa
Board member · since 7 Nov 2017

Right of representation

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

Owners

Mihkel Kõrgmaa
Natural person · 100 000 €

100%

Beneficial owners

Mihkel Kõrgmaa
Direct ownership · since 14 Oct 2018

Founders and other persons

No other persons.

shared board members, owners or beneficial owners

Activities (EMTAK)

68201Rental and operating of own or leased real estate Main
46901Non-specialised wholesale trade

Rulings 12

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10027101 / 10 30 Dec 2024	Amendment entry		In force 30 Dec 2024	PDF
Ä 10027101 / 9 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10027101 / 8 4 Aug 2021	Amendment entry		In force 4 Aug 2021	PDF
Ä 10027101 / 7 16 Jan 2018	Amendment entry		In force 16 Jan 2018	PDF
Ä 10027101 / 6 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10027101 / 5 12 Sep 2016	Amendment entry		In force 12 Sep 2016	PDF
Ä 10027101 / 4 23 Jul 2012	Amendment entry		In force 23 Jul 2012	PDF
Ä 10027101 / M4 16 Jul 2012	Ruling to eliminate deficiencies	16 Aug 2012	In force 16 Jul 2012	PDF
Ä 10027101 / M3 5 Jul 2012	Warning of deletion from the register: annual report not filed	5 Jan 2013	Deficiencies eliminated 17 Jul 2012	PDF
Ä 27101 / 3 4 Jan 2010	Deletion of activities from the registry card		In force 4 Jan 2010	PDF
Ä 27101 / 2 19 Dec 2003	Transformation entry without a new registry card		In force	PDF
Ä 27101 / M2 3 Oct 2003	Ruling to eliminate deficiencies (to be served)	31 Dec 2003	In force	PDF

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

Osaühing Merkest

Position in the industry Real estate activities · EMTAK 68

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 12