osaühing MORINDO

Active Registry code 10545858 OÜ Tallinn Registered 12 Apr 1999

osaühing MORINDO is a OÜ based in Tallinn, registry code 10545858, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €242 584 with 9 employees.

Turnover

242 584 €

↑ 188.8% vs Q2 2026

State taxes

47 661 €

↑ 100.0% vs Q2 2026

Labour taxes

22 713 €

↑ 12.9% 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 242 584 €

above 90% of companies

industry median 25 252 € · companies in the industry: 4 696
Labour taxes per employee 2 524 €

above 85% of companies

industry median 1 211 € · companies in the industry: 4 133
Revenue · 2025 583 349 €

above 90% of companies

industry median 38 239 € · companies in the industry: 7 000
Net profit margin · 2025 1.9 %

above 44% of companies

industry median 3.5 % · companies in the industry: 5 562

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 242 584 € · +188.8% vs Q2 2026 · industry median 25 252 € · above 90% 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: 2 524 € · +12.9% vs Q2 2026 · industry median 1 211 € · above 85% 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: 9 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 47 661 € · +100.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	242 584	47 661	22 713	9
Q2 2026	84 000	23 829	20 110	9
Q1 2026	144 140	39 626	28 061	9
Q4 2025	167 935	53 539	36 352	9
Q3 2025	185 546	50 145	32 418	9
Q2 2025	109 166	32 059	24 438	9
Q1 2025	86 214	29 923	26 368	9
Q4 2024	179 169	43 301	27 121	9
Q3 2024	147 857	40 894	27 882	9
Q2 2024	96 019	28 523	20 585	9
Q1 2024	191 814	39 189	24 075	10
Q4 2023	172 022	38 368	28 896	10
Q3 2023	156 933	43 700	28 009	10
Q2 2023	76 822	23 655	16 766	10
Q1 2023	95 516	28 666	19 725	10
Q4 2022	127 693	37 247	29 118	10
Q3 2022	92 562	33 391	27 013	14
Q2 2022	134 197	44 664	32 419	12
Q1 2022	84 980	35 129	28 612	12

Labour taxes per employee per month

841 €

Turnover per employee in the quarter

26 954 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 583 349 € · +7.1% vs 2024 · industry median 38 239 € · above 90% 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: 10 964 € · +1 123.7% vs 2024 · industry median 410 € · above 77% 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: 1.9 % · +1.7 pp vs the year before · industry median 3.5 % · above 44% 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: 165 349 € · +18.5% vs 2024

Equity, € thousand 2025: 53 366 € · +19.5% vs 2024

Employees 2025: 9 · +0.0% vs 2024 · industry median 2 · above 91% 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	583 349	10 964	269 997	165 349	53 366	9
2024	544 876	896	235 821	139 571	44 646	9
2023	574 029	29 012	225 330	163 056	43 749	10
2022	452 754	-59 444	260 698	99 375	16 873	12
2021	577 704	-82 949	269 131	157 393	76 317	12
2020	794 271	59 591	237 465	302 452	159 828	12
2019	895 386	20 923	385 026	217 942	100 237	13
2018	—	—	—	—	—	8
2017	—	—	—	—	—	7
2016	—	—	—	—	—	7
2015	—	—	—	—	—	7
2014	—	—	—	—	—	7
2013	—	—	—	—	—	5
2012	—	—	—	—	—	5
2011	—	—	—	—	—	5
2010	—	—	—	—	—	5
2009	—	—	—	—	—	0
2008	—	—	—	—	—	8
2007	—	—	—	—	—	6
2006	—	—	—	—	—	5
2005	—	—	—	—	—	4
2004	—	—	—	—	—	4
2003	—	—	—	—	—	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

1.9 %

Net profit / revenue

Return on equity (ROE)

20.5 %

Net profit / equity

Return on assets (ROA)

6.6 %

Net profit / assets

Equity ratio

32.3 %

Equity / assets

Debt ratio

67.7 %

Liabilities / assets

Current ratio

1.72

Current assets / current liabilities

Revenue per employee

64 817 €

Revenue / average full-time employees

Labour cost per employee per month

2 500 €

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	6 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	1 Jul 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	20 Jul 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	14 Sep 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	16 Sep 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	19 Nov 2020	Company’s own	e-Äriregister

Board

Artur Punga
Board member · since 2 Jun 1999
Tõnno Tõrs
Board member · since 2 Jun 1999

Right of representation

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

Owners

Artur Punga
Natural person · 1 278 €

50%
Tõnno Tõrs
Natural person · 1 278 €

50%

Beneficial owners

Artur Punga
Direct ownership · since 20 Sep 2018
Tõnno Tõrs
Direct ownership · since 20 Sep 2018

Founders and other persons

Osaühing Casa Consulting
Founder · 10 000 € · 12 Apr 1999

shared board members, owners or beneficial owners

Activities (EMTAK)

41001Construction of residential and non-residential buildings Main

Rulings 8

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 10039744 / 11 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 10039744 / 10 27 Aug 2019	Amendment under Commercial Code § 525 (2)	In force 27 Aug 2019	PDF
Ä 10039744 / 9 17 Jan 2018	Amendment entry	In force 17 Jan 2018	PDF
Ä 10039744 / 8 7 Nov 2017	Amendment entry	In force 7 Nov 2017	PDF
Ä 10039744 / 7 23 Sep 2016	Amendment entry	In force 23 Sep 2016	PDF
Ä 10039744 / 6 26 Jan 2012	Amendment entry	In force 26 Jan 2012	PDF
Ä 10039744 / 5 30 Jun 2010	Deletion of activities from the registry card	In force 30 Jun 2010	PDF
Ä 39744 / 4 19 Dec 2002	Unpublished amendment entry	In force	PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data

osaühing MORINDO

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 8