AS Pihlamaa

Active Registry code 10701620 AS Tallinn Registered 22 Sep 2000
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AS Pihlamaa is a AS based in Tallinn, registry code 10701620, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €567 012 with 1 employees.

Turnover
567 012 €
↓ 6.6% vs Q2 2026
State taxes
96 867 €
↓ 1.0% vs Q2 2026
Labour taxes
2 738 €
↑ 0.0% vs Q2 2026
Employees
1
±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 567 012 €
    industry median 15 030 € · companies in the industry: 7 443
  • Labour taxes per employee 2 738 €
    industry median 857 € · companies in the industry: 7 261
  • Revenue · 2025 2.2 mn €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 29.2 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 567 012 € · −6.6% vs Q2 2026 · industry median 15 030 € · above 98% of the industry
0200400600800Q4 2023 Company: 537 355 € Industry median: 14 897 €Q4·23Q1 2024 Company: 618 201 € Industry median: 15 027 €Q2 2024 Company: 551 112 € Industry median: 14 064 €Q2·24Q3 2024 Company: 506 002 € Industry median: 14 462 €Q4 2024 Company: 536 944 € Industry median: 14 610 €Q4·24Q1 2025 Company: 597 651 € Industry median: 14 672 €Q2 2025 Company: 553 808 € Industry median: 14 301 €Q2·25Q3 2025 Company: 515 270 € Industry median: 14 273 €Q4 2025 Company: 543 596 € Industry median: 14 464 €Q4·25Q1 2026 Company: 598 219 € Industry median: 14 759 €Q2 2026 Company: 607 152 € Industry median: 14 595 €Q2·26Q3 2026 Company: 567 012 € Industry median: 15 030 €Q3·260200400600800Q4 2024 Company: 536 944 € Industry median: 14 610 €Q1 2025 Company: 597 651 € Industry median: 14 672 €Q1·25Q2 2025 Company: 553 808 € Industry median: 14 301 €Q3 2025 Company: 515 270 € Industry median: 14 273 €Q3·25Q4 2025 Company: 543 596 € Industry median: 14 464 €Q1 2026 Company: 598 219 € Industry median: 14 759 €Q1·26Q2 2026 Company: 607 152 € Industry median: 14 595 €Q3 2026 Company: 567 012 € Industry median: 15 030 €Q3·26
  • 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: 2 738 € · +0.0% vs Q2 2026 · industry median 857 € · above 90% of the industry
01 0002 0003 000Q4 2023 Company: 1 381 € Industry median: 671 €Q4·23Q1 2024 Company: 1 466 € Industry median: 694 €Q2 2024 Company: 1 509 € Industry median: 712 €Q2·24Q3 2024 Company: 1 509 € Industry median: 728 €Q4 2024 Company: 1 509 € Industry median: 727 €Q4·24Q1 2025 Company: 2 707 € Industry median: 780 €Q2 2025 Company: 2 738 € Industry median: 771 €Q2·25Q3 2025 Company: 2 738 € Industry median: 812 €Q4 2025 Company: 2 738 € Industry median: 812 €Q4·25Q1 2026 Company: 2 738 € Industry median: 818 €Q2 2026 Company: 2 738 € Industry median: 828 €Q2·26Q3 2026 Company: 2 738 € Industry median: 857 €Q3·2601 0002 0003 000Q4 2024 Company: 1 509 € Industry median: 727 €Q1 2025 Company: 2 707 € Industry median: 780 €Q1·25Q2 2025 Company: 2 738 € Industry median: 771 €Q3 2025 Company: 2 738 € Industry median: 812 €Q3·25Q4 2025 Company: 2 738 € Industry median: 812 €Q1 2026 Company: 2 738 € Industry median: 818 €Q1·26Q2 2026 Company: 2 738 € Industry median: 828 €Q3 2026 Company: 2 738 € Industry median: 857 €Q3·26
  • 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
0.00.20.40.60.81.0Q4 2023 Company: 1Q4·23Q1 2024 Company: 1Q2 2024 Company: 1Q2·24Q3 2024 Company: 1Q4 2024 Company: 1Q4·24Q1 2025 Company: 1Q2 2025 Company: 1Q2·25Q3 2025 Company: 1Q4 2025 Company: 1Q4·25Q1 2026 Company: 1Q2 2026 Company: 1Q2·26Q3 2026 Company: 1Q3·260.00.20.40.60.81.0Q4 2024 Company: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: 1Q3·25Q4 2025 Company: 1Q1 2026 Company: 1Q1·26Q2 2026 Company: 1Q3 2026 Company: 1Q3·26
State taxes, € thousand Q3 2026: 96 867 € · −1.0% vs Q2 2026
0100200300400Q4 2023 Company: 78 082 €Q4·23Q1 2024 Company: 68 765 €Q2 2024 Company: 339 502 €Q2·24Q3 2024 Company: 77 283 €Q4 2024 Company: 88 255 €Q4·24Q1 2025 Company: 94 841 €Q2 2025 Company: 74 201 €Q2·25Q3 2025 Company: 77 541 €Q4 2025 Company: 98 524 €Q4·25Q1 2026 Company: 109 386 €Q2 2026 Company: 97 889 €Q2·26Q3 2026 Company: 96 867 €Q3·260255075100125Q4 2024 Company: 88 255 €Q1 2025 Company: 94 841 €Q1·25Q2 2025 Company: 74 201 €Q3 2025 Company: 77 541 €Q3·25Q4 2025 Company: 98 524 €Q1 2026 Company: 109 386 €Q1·26Q2 2026 Company: 97 889 €Q3 2026 Company: 96 867 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 567 012 96 867 2 738 1
Q2 2026 607 152 97 889 2 738 1
Q1 2026 598 219 109 386 2 738 1
Q4 2025 543 596 98 524 2 738 1
Q3 2025 515 270 77 541 2 738 1
Q2 2025 553 808 74 201 2 738 1
Q1 2025 597 651 94 841 2 707 1
Q4 2024 536 944 88 255 1 509 1
Q3 2024 506 002 77 283 1 509 1
Q2 2024 551 112 339 502 1 509 1
Q1 2024 618 201 68 765 1 466 1
Q4 2023 537 355 78 082 1 381 1
Q3 2023 491 095 59 817 1 381 1
Q2 2023 529 210 37 525 1 381 1
Q1 2023 577 862 19 919 1 307 1
Q4 2022 418 580 4 994 1 157 1
Q3 2022 455 644 41 633 1 157 1
Q2 2022 434 230 58 651 1 157 1
Q1 2022 424 574 67 013 1 129 1
Labour taxes per employee per month
913 €
Turnover per employee in the quarter
567 012 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 2 184 085 € · −0.0% vs 2024 · industry median 13 620 € · above 98% of the industry
05001 0001 5002 0002 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 513 588 € Industry median: 10 800 €20192020 Company: 1 550 611 € Industry median: 10 586 €20202021 Company: 1 697 405 € Industry median: 11 162 €20212022 Company: 1 698 788 € Industry median: 11 789 €20222023 Company: 2 001 307 € Industry median: 12 224 €20232024 Company: 2 184 755 € Industry median: 12 853 €20242025 Company: 2 184 085 € Industry median: 13 620 €202505001 0001 5002 0002 5002018 Company: — Industry median: —2019 Company: 1 513 588 € Industry median: 10 800 €20192020 Company: 1 550 611 € Industry median: 10 586 €2021 Company: 1 697 405 € Industry median: 11 162 €20212022 Company: 1 698 788 € Industry median: 11 789 €2023 Company: 2 001 307 € Industry median: 12 224 €20232024 Company: 2 184 755 € Industry median: 12 853 €2025 Company: 2 184 085 € Industry median: 13 620 €2025
  • 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: 638 134 € · +217.5% vs 2024 · industry median 283 € · above 98% of the industry
02004006008002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 159 480 € Industry median: 205 €20192020 Company: 373 698 € Industry median: 175 €20202021 Company: 452 563 € Industry median: 251 €20212022 Company: 574 554 € Industry median: 161 €20222023 Company: 328 145 € Industry median: 154 €20232024 Company: 200 965 € Industry median: 256 €20242025 Company: 638 134 € Industry median: 283 €202502004006008002018 Company: — Industry median: —2019 Company: 159 480 € Industry median: 205 €20192020 Company: 373 698 € Industry median: 175 €2021 Company: 452 563 € Industry median: 251 €20212022 Company: 574 554 € Industry median: 161 €2023 Company: 328 145 € Industry median: 154 €20232024 Company: 200 965 € Industry median: 256 €2025 Company: 638 134 € Industry median: 283 €2025
  • 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: 29.2 % · +20.0 pp vs the year before · industry median 5.9 % · above 69% of the industry
0102030402016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 10.5 % Industry median: 5.7 %20192020 Company: 24.1 % Industry median: 5.6 %20202021 Company: 26.7 % Industry median: 7.4 %20212022 Company: 33.8 % Industry median: 5.9 %20222023 Company: 16.4 % Industry median: 5.2 %20232024 Company: 9.2 % Industry median: 5.9 %20242025 Company: 29.2 % Industry median: 5.9 %20250102030402018 Company: — Industry median: —2019 Company: 10.5 % Industry median: 5.7 %20192020 Company: 24.1 % Industry median: 5.6 %2021 Company: 26.7 % Industry median: 7.4 %20212022 Company: 33.8 % Industry median: 5.9 %2023 Company: 16.4 % Industry median: 5.2 %20232024 Company: 9.2 % Industry median: 5.9 %2025 Company: 29.2 % Industry median: 5.9 %2025
  • 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: 14 501 137 € · +55.0% vs 2024
05 00010 00015 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 9 598 608 €20192020 Company: 8 933 499 €20202021 Company: 9 047 461 €20212022 Company: 9 663 431 €20222023 Company: 9 526 482 €20232024 Company: 9 354 116 €20242025 Company: 14 501 137 €202505 00010 00015 0002018 Company: —2019 Company: 9 598 608 €20192020 Company: 8 933 499 €2021 Company: 9 047 461 €20212022 Company: 9 663 431 €2023 Company: 9 526 482 €20232024 Company: 9 354 116 €2025 Company: 14 501 137 €2025
Equity, € thousand 2025: 4 812 050 € · +15.3% vs 2024
01 0002 0003 0004 0005 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 3 243 991 €20192020 Company: 3 617 689 €20202021 Company: 4 070 252 €20212022 Company: 4 644 806 €20222023 Company: 4 972 951 €20232024 Company: 4 173 916 €20242025 Company: 4 812 050 €202501 0002 0003 0004 0005 0002018 Company: —2019 Company: 3 243 991 €20192020 Company: 3 617 689 €2021 Company: 4 070 252 €20212022 Company: 4 644 806 €2023 Company: 4 972 951 €20232024 Company: 4 173 916 €2025 Company: 4 812 050 €2025
Employees 2025: 1 · +0.0% vs 2024 · industry median 1 · above 5% of the industry
0.00.20.40.60.81.02016 Company: 1 Industry median: —20162017 Company: 1 Industry median: —20172018 Company: 1 Industry median: 120182019 Company: 1 Industry median: 120192020 Company: 1 Industry median: 120202021 Company: 1 Industry median: 120212022 Company: 1 Industry median: 120222023 Company: 1 Industry median: 120232024 Company: 1 Industry median: 120242025 Company: 1 Industry median: 120250.00.20.40.60.81.02018 Company: 1 Industry median: 12019 Company: 1 Industry median: 120192020 Company: 1 Industry median: 12021 Company: 1 Industry median: 120212022 Company: 1 Industry median: 12023 Company: 1 Industry median: 120232024 Company: 1 Industry median: 12025 Company: 1 Industry median: 12025
  • 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 2 184 085 638 134 — 14 501 137 4 812 050 1
2024 2 184 755 200 965 — 9 354 116 4 173 916 1
2023 2 001 307 328 145 13 341 9 526 482 4 972 951 1
2022 1 698 788 574 554 11 311 9 663 431 4 644 806 1
2021 1 697 405 452 563 10 614 9 047 461 4 070 252 1
2020 1 550 611 373 698 9 348 8 933 499 3 617 689 1
2019 1 513 588 159 480 9 316 9 598 608 3 243 991 1
2018 — — — — — 1
2017 — — — — — 1
2016 — — — — — 1
2015 — — — — — 1
2014 — — — — — 1
2013 — — — — — 1
2012 — — — — — 0
2011 — — — — — 0
2010 — — — — — 0
2009 — — — — — 0
2008 — — — — — 0
2007 — — — — — 0
2005 — — — — — 1
2004 — — — — — 0
2003 — — — — — 0
2002 — — — — — 0
2001 — — — — — 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
29.2 %
Net profit / revenue
Return on equity (ROE)
13.3 %
Net profit / equity
Return on assets (ROA)
4.4 %
Net profit / assets
Equity ratio
33.2 %
Equity / assets
Debt ratio
66.8 %
Liabilities / assets
Current ratio
1.35
Current assets / current liabilities
Revenue per employee
2 184 085 €
Revenue / average full-time employees

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 1 Jul 2026 Consolidated · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Consolidated · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 6 Apr 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 26 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 29 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 19 Mar 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 6 Mar 2020 Company’s own · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Maido Kiviorg
    Board member · since 31 May 2013

Right of representation

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

Owners

No owner information.

Owner in

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68201Rental and operating of own or leased real estate Main
  • 68329Other real estate management or related activities
Rulings
Number, date Title Deadline State Document
Ä 10051557 / M5
3 Apr 2020
Ruling to correct data outside an entry 18 Apr 2020 Deficiencies eliminated
3 Apr 2020
PDF
Ä 10051557 / M4
28 Jan 2019
Ruling to correct data outside an entry 11 Feb 2019 In force
28 Jan 2019
PDF
Ä 10051557 / M3
18 Sep 2018
Procedural ruling 3 Oct 2018 In force
18 Sep 2018
PDF
Ä 10051557 / 16
5 Jun 2018
Amendment entry In force
5 Jun 2018
PDF
Ä 10051557 / 15
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10051557 / 14
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10051557 / 13
1 Sep 2016
Amendment entry In force
1 Sep 2016
PDF
Ä 10051557 / 12
8 Jan 2015
Amendment under Commercial Code § 525 (2) In force
8 Jan 2015
PDF
Ä 10051557 / 11
31 May 2013
Amendment entry In force
31 May 2013
PDF
Ä 10051557 / M2
29 May 2013
Ruling to eliminate deficiencies 18 Jun 2013 Deficiencies eliminated
31 May 2013
PDF
Ä 10051557 / 10
28 Dec 2011
Amendment entry In force
28 Dec 2011
PDF
Ä 51557 / 9
3 Dec 2008
Deletion of activities from the registry card In force
4 Dec 2008
PDF
Ä 51557 / 8
28 Feb 2006
Amendment entry In force
28 Feb 2006
PDF
Ä 51557 / 7
17 Jun 2005
Amendment entry In force PDF
Ä 51557 / 6
6 Dec 2004
Amendment entry In force PDF
Ä 51557 / 5
18 Mar 2002
Entry decision on the register’s own initiative In force PDF

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