VALMAKUNINGAS OÜ

Active Registry code 10503618 OÜ Tallinn Registered 3 Nov 1998

VALMAKUNINGAS OÜ is a OÜ based in Tallinn, registry code 10503618, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €14 342 with 2 employees.

Turnover

14 342 €

↓ 3.6% vs Q2 2026

State taxes

3 489 €

↓ 36.8% vs Q2 2026

Labour taxes

0 €

↓ 100.0% 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 14 342 €

above 49% of companies

industry median 15 029 € · companies in the industry: 7 444
Labour taxes per employee 0 €

above 2% of companies

industry median 857 € · companies in the industry: 7 261
Revenue · 2025 57 604 €

above 81% of companies

industry median 13 620 € · companies in the industry: 30 470
Net profit margin · 2025 447.4 %

above 98% of companies

industry median 5.9 % · companies in the industry: 25 042

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € Q3 2026: 14 342 € · −3.6% vs Q2 2026 · industry median 15 029 € · above 49% 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: 0 € · −100.0% vs Q2 2026 · industry median 857 € · above 2% 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: 2 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 3 489 € · −36.8% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	14 342	3 489	—	2
Q2 2026	14 870	5 523	343	2
Q1 2026	12 690	4 865	—	3
Q4 2025	8 322	1 319	343	3
Q3 2025	14 954	2 774	—	3
Q2 2025	9 027	8 507	644	3
Q1 2025	11 738	2 251	1 288	3
Q4 2024	20 468	1 917	849	3
Q3 2024	20 021	3 441	1 426	3
Q2 2024	12 323	450	—	3
Q1 2024	12 487	4 400	592	3
Q4 2023	17 498	1 612	681	3
Q3 2023	17 236	1 477	323	3
Q2 2023	12 387	691	161	2
Q1 2023	13 319	788	175	2
Q4 2022	19 165	2 818	390	2
Q3 2022	23 871	2 374	652	2
Q2 2022	16 097	1 537	518	2
Q1 2022	11 599	1 719	605	2

Labour taxes per employee per month

0 €

Turnover per employee in the quarter

7 171 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 57 604 € · −27.4% vs 2024 · industry median 13 620 € · above 81% 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: 257 692 € · +1 685.8% 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: 447.4 % · +467.8 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: 482 124 € · +86.1% vs 2024

Equity, € thousand 2025: 473 779 € · +85.2% 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	57 604	257 692	4 683	482 124	473 779	1
2024	79 330	-16 250	6 366	259 050	255 801	1
2023	169 083	95 406	4 347	291 122	287 337	1
2022	88 531	25 481	4 473	204 341	191 931	1
2021	65 284	6 604	9 450	200 327	166 450	1
2020	105 929	7 396	16 692	204 281	159 846	2
2019	44 415	7 594	3 046	194 589	152 450	1
2018	—	—	—	—	—	1
2017	—	—	—	—	—	1
2016	—	—	—	—	—	2
2015	—	—	—	—	—	1
2014	—	—	—	—	—	2
2013	—	—	—	—	—	3
2012	—	—	—	—	—	2
2011	—	—	—	—	—	1
2010	—	—	—	—	—	1
2009	—	—	—	—	—	1
2008	—	—	—	—	—	3
2007	—	—	—	—	—	5
2006	—	—	—	—	—	2
2005	—	—	—	—	—	1
2004	—	—	—	—	—	1
2003	—	—	—	—	—	1
2002	—	—	—	—	—	2
2001	—	—	—	—	—	2
2000	—	—	—	—	—	2

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

447.4 %

Net profit / revenue

Return on equity (ROE)

54.4 %

Net profit / equity

Return on assets (ROA)

53.4 %

Net profit / assets

Equity ratio

98.3 %

Equity / assets

Debt ratio

1.7 %

Liabilities / assets

Current ratio

36.90

Current assets / current liabilities

Revenue per employee

57 604 €

Revenue / average full-time employees

Labour cost per employee per month

390 €

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	30 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	5 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	28 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	27 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	1 Jul 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	26 May 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	30 Jul 2020	Company’s own	e-Äriregister

Board

Valeri Mašak
Board member · since 3 Nov 1998

Right of representation

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

Owners

Valeri Mašak
Natural person · 35 791 €

70%
Anatoli Pihla
Natural person · 15 339 €

30%

Beneficial owners

Anatoli Pihla
Direct ownership · since 1 Feb 2023
Valeri Mašak
Direct ownership · since 9 Jan 2023

Founders and other persons

Valeri Mašak
Founder · 10 000 € · 3 Nov 1998
Ljubov Mašak
Chairman of the supervisory board · 17 Nov 2023
Angelika Mašak
Supervisory board member · 17 Nov 2023
Nikolai Mošak
Supervisory board member · 17 Nov 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

68201Rental and operating of own or leased real estate Main
43222Installation, maintenance and repair of plumbing and sanitary equipment

Rulings 8

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10035866 / 9 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10035866 / 8 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10035866 / 7 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10035866 / 6 12 Sep 2016	Amendment entry		In force 12 Sep 2016	PDF
Ä 10035866 / 5 15 Nov 2011	Amendment entry		In force 15 Nov 2011	PDF
Ä 10035866 / M1 3 Nov 2011	Ruling to eliminate deficiencies	5 Dec 2011	In force 3 Nov 2011	PDF
Ä 35866 / 4 3 Dec 2008	Deletion of activities from the registry card		In force 3 Dec 2008	PDF
Ä 35866 / 3 6 Feb 2004	Amendment entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data

VALMAKUNINGAS OÜ

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 8