Osaühing KORTEXO

Active Registry code 10669460 OÜ Vao küla Registered 28 Apr 2000

Osaühing KORTEXO is a OÜ based in Vao küla, registry code 10669460, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €30 227 with 3 employees.

Turnover

30 227 €

↓ 33.2% vs Q2 2026

State taxes

8 119 €

↓ 20.6% vs Q2 2026

Labour taxes

4 297 €

↓ 1.2% 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 30 227 €

above 54% of companies

industry median 25 270 € · companies in the industry: 4 697
Labour taxes per employee 1 432 €

above 60% of companies

industry median 1 211 € · companies in the industry: 4 133
Revenue · 2025 165 717 €

above 76% of companies

industry median 38 239 € · companies in the industry: 7 001
Net profit margin · 2025 7.5 %

above 61% of companies

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

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € Q3 2026: 30 227 € · −33.2% vs Q2 2026 · industry median 25 270 € · above 54% 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: 1 432 € · −1.2% vs Q2 2026 · industry median 1 211 € · 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.

Employees Q3 2026: 3 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 8 119 € · −20.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	30 227	8 119	4 297	3
Q2 2026	45 257	10 231	4 348	3
Q1 2026	31 092	10 562	5 453	3
Q4 2025	37 046	11 530	6 609	4
Q3 2025	45 067	15 974	9 533	4
Q2 2025	56 758	13 089	7 270	12
Q1 2025	36 943	12 057	6 599	5
Q4 2024	32 103	9 187	5 002	5
Q3 2024	36 372	12 414	7 193	5
Q2 2024	48 496	10 234	6 292	15
Q1 2024	40 899	14 124	9 177	5
Q4 2023	51 181	18 604	12 499	5
Q3 2023	37 273	13 739	8 980	5
Q2 2023	45 263	5 414	2 688	15
Q1 2023	16 768	3 688	2 306	2
Q4 2022	25 970	—	2 323	2
Q3 2022	90 544	17 880	11 109	2
Q2 2022	15 452	1 871	2 016	27
Q1 2022	4 140	2 707	2 236	3

Labour taxes per employee per month

477 €

Turnover per employee in the quarter

10 076 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 165 717 € · +21.8% vs 2024 · industry median 38 239 € · above 76% 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: 12 406 € · +883.0% vs 2024 · industry median 410 € · above 78% 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: 7.5 % · +6.6 pp vs the year before · industry median 3.5 % · above 61% 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: 112 776 € · −1.6% vs 2024

Equity, € 2025: 20 062 € · +162.0% vs 2024

Employees 2025: 5 · +0.0% vs 2024 · industry median 2 · above 80% 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	165 717	12 406	85 376	112 776	20 062	5
2024	136 008	1 262	74 835	114 665	7 656	5
2023	149 342	-12 966	89 352	120 662	6 394	6
2022	114 834	8 910	48 691	146 469	19 360	3
2021	35 993	1 571	39 549	86 118	10 450	3
2020	86 782	2 201	28 589	77 614	8 879	2
2019	106 851	3 624	33 337	86 454	6 678	3
2018	—	—	—	—	—	2
2017	—	—	—	—	—	1
2016	—	—	—	—	—	2
2015	—	—	—	—	—	2
2014	—	—	—	—	—	3
2013	—	—	—	—	—	3
2012	—	—	—	—	—	3
2011	—	—	—	—	—	2
2010	—	—	—	—	—	2
2009	—	—	—	—	—	0
2008	—	—	—	—	—	2
2007	—	—	—	—	—	2
2006	—	—	—	—	—	2
2005	—	—	—	—	—	0
2004	—	—	—	—	—	0
2003	—	—	—	—	—	1
2002	—	—	—	—	—	3
2001	—	—	—	—	—	2
2000	—	—	—	—	—	0

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

7.5 %

Net profit / revenue

Return on equity (ROE)

61.8 %

Net profit / equity

Return on assets (ROA)

11.0 %

Net profit / assets

Equity ratio

17.8 %

Equity / assets

Debt ratio

82.2 %

Liabilities / assets

Current ratio

1.21

Current assets / current liabilities

Revenue per employee

33 144 €

Revenue / average full-time employees

Labour cost per employee per month

1 423 €

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	24 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	5 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	6 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	17 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	29 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	16 Mar 2021	Company’s own	e-Äriregister

Board

Margus Beilmann
Board member · since 10 Oct 2003

Right of representation

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

Owners

Margus Beilmann
Natural person · 2 556 €

100%

Beneficial owners

Margus Beilmann
Direct ownership · since 25 Mar 2022

Founders and other persons

Natalja Bajandurova
Founder · 40 000 € · 28 Apr 2000

shared board members, owners or beneficial owners

Activities (EMTAK)

41001Construction of residential and non-residential buildings Main
01251Growing of other tree and bush fruits and nuts

Rulings 13

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 40015431 / 6 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
Ä 40015431 / 5 14 Feb 2018	Amendment entry		In force 14 Feb 2018	PDF
Ä 40015431 / 4 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 40015431 / 3 21 Dec 2011	Amendment entry		In force 21 Dec 2011	PDF
Ä 15431 / M4 4 Nov 2009	Warning of a fine: deficiencies in the annual report	17 Mar 2010	Deficiencies eliminated 17 Dec 2009	PDF
Ä 15431 / 2 3 Dec 2008	Deletion of activities from the registry card		In force 8 Dec 2008	PDF
Ä 15431 / M3 17 Sep 2008	Warning of a fine: annual report not filed		Deficiencies eliminated 6 Oct 2008	PDF
Ä 15431 / M2 29 Feb 2008	Warning of a fine: deficiencies in the annual report	4 May 2008	Deficiencies eliminated 5 May 2008	PDF
Ä 48872 / 5 27 Oct 2003	Note on closing the registry card in the former department		In force	PDF
Ä 15431 10 Oct 2003	Registry card opened in the department of the new seat		In force	PDF
Ä 15431 / M1 24 Sep 2003	Ruling to eliminate deficiencies (to be served)	24 Nov 2003	In force	PDF
Ä 48872 / 4 16 Sep 2003	Note		In force	PDF
Ä 48872 / 3 15 Aug 2002	Unpublished amendment entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 29 Oct 2026. Open at the source ↗ · Report an error in the data

Osaühing KORTEXO

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 13