Aktsiaselts Papiniidu Projekt

Active Registry code 10845997 AS Pärnu linn Registered 4 Mar 2002
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Aktsiaselts Papiniidu Projekt is a AS based in Pärnu linn, registry code 10845997, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €1 792 466 with 4 employees.

Turnover
1 792 466 €
↓ 12.1% vs Q2 2026
State taxes
347 632 €
↓ 19.9% vs Q2 2026
Labour taxes
42 696 €
↑ 7.1% vs Q2 2026
Employees
4
±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 1.8 mn €
    industry median 15 030 € · companies in the industry: 7 443
  • Labour taxes per employee 10 674 €
    industry median 857 € · companies in the industry: 7 261
  • Revenue · 2025 6.6 mn €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 73.4 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 792 466 € · −12.1% vs Q2 2026 · industry median 15 030 € · above 98% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 1 395 228 € Industry median: 14 897 €Q4·23Q1 2024 Company: 1 520 207 € Industry median: 15 027 €Q2 2024 Company: 1 385 951 € Industry median: 14 064 €Q2·24Q3 2024 Company: 1 528 470 € Industry median: 14 462 €Q4 2024 Company: 1 666 752 € Industry median: 14 610 €Q4·24Q1 2025 Company: 1 812 128 € Industry median: 14 672 €Q2 2025 Company: 1 648 865 € Industry median: 14 301 €Q2·25Q3 2025 Company: 1 696 962 € Industry median: 14 273 €Q4 2025 Company: 1 677 669 € Industry median: 14 464 €Q4·25Q1 2026 Company: 1 705 119 € Industry median: 14 759 €Q2 2026 Company: 2 039 321 € Industry median: 14 595 €Q2·26Q3 2026 Company: 1 792 466 € Industry median: 15 030 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 666 752 € Industry median: 14 610 €Q1 2025 Company: 1 812 128 € Industry median: 14 672 €Q1·25Q2 2025 Company: 1 648 865 € Industry median: 14 301 €Q3 2025 Company: 1 696 962 € Industry median: 14 273 €Q3·25Q4 2025 Company: 1 677 669 € Industry median: 14 464 €Q1 2026 Company: 1 705 119 € Industry median: 14 759 €Q1·26Q2 2026 Company: 2 039 321 € Industry median: 14 595 €Q3 2026 Company: 1 792 466 € 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: 10 674 € · +7.1% vs Q2 2026 · industry median 857 € · above 98% of the industry
05 00010 00015 000Q4 2023 Company: 7 053 € Industry median: 671 €Q4·23Q1 2024 Company: 7 412 € Industry median: 694 €Q2 2024 Company: 9 608 € Industry median: 712 €Q2·24Q3 2024 Company: 9 182 € Industry median: 728 €Q4 2024 Company: 7 523 € Industry median: 727 €Q4·24Q1 2025 Company: 7 968 € Industry median: 780 €Q2 2025 Company: 13 672 € Industry median: 771 €Q2·25Q3 2025 Company: 8 655 € Industry median: 812 €Q4 2025 Company: 8 577 € Industry median: 812 €Q4·25Q1 2026 Company: 8 173 € Industry median: 818 €Q2 2026 Company: 9 971 € Industry median: 828 €Q2·26Q3 2026 Company: 10 674 € Industry median: 857 €Q3·2605 00010 00015 000Q4 2024 Company: 7 523 € Industry median: 727 €Q1 2025 Company: 7 968 € Industry median: 780 €Q1·25Q2 2025 Company: 13 672 € Industry median: 771 €Q3 2025 Company: 8 655 € Industry median: 812 €Q3·25Q4 2025 Company: 8 577 € Industry median: 812 €Q1 2026 Company: 8 173 € Industry median: 818 €Q1·26Q2 2026 Company: 9 971 € Industry median: 828 €Q3 2026 Company: 10 674 € 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: 4 · +0.0% vs Q2 2026
01234Q4 2023 Company: 4Q4·23Q1 2024 Company: 4Q2 2024 Company: 4Q2·24Q3 2024 Company: 4Q4 2024 Company: 4Q4·24Q1 2025 Company: 4Q2 2025 Company: 4Q2·25Q3 2025 Company: 4Q4 2025 Company: 4Q4·25Q1 2026 Company: 4Q2 2026 Company: 4Q2·26Q3 2026 Company: 4Q3·2601234Q4 2024 Company: 4Q1 2025 Company: 4Q1·25Q2 2025 Company: 4Q3 2025 Company: 4Q3·25Q4 2025 Company: 4Q1 2026 Company: 4Q1·26Q2 2026 Company: 4Q3 2026 Company: 4Q3·26
State taxes, € thousand Q3 2026: 347 632 € · −19.9% vs Q2 2026
02004006008001 000Q4 2023 Company: 0 €Q4·23Q1 2024 Company: 0 €Q2 2024 Company: 0 €Q2·24Q3 2024 Company: 0 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: 800 623 €Q2 2025 Company: 326 388 €Q2·25Q3 2025 Company: 328 285 €Q4 2025 Company: 312 211 €Q4·25Q1 2026 Company: 335 617 €Q2 2026 Company: 434 149 €Q2·26Q3 2026 Company: 347 632 €Q3·2602004006008001 000Q4 2024 Company: 0 €Q1 2025 Company: 800 623 €Q1·25Q2 2025 Company: 326 388 €Q3 2025 Company: 328 285 €Q3·25Q4 2025 Company: 312 211 €Q1 2026 Company: 335 617 €Q1·26Q2 2026 Company: 434 149 €Q3 2026 Company: 347 632 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 1 792 466 347 632 42 696 4
Q2 2026 2 039 321 434 149 39 882 4
Q1 2026 1 705 119 335 617 32 693 4
Q4 2025 1 677 669 312 211 34 306 4
Q3 2025 1 696 962 328 285 34 619 4
Q2 2025 1 648 865 326 388 54 686 4
Q1 2025 1 812 128 800 623 31 870 4
Q4 2024 1 666 752 — 30 093 4
Q3 2024 1 528 470 — 36 729 4
Q2 2024 1 385 951 — 38 432 4
Q1 2024 1 520 207 — 29 649 4
Q4 2023 1 395 228 — 28 212 4
Q3 2023 1 392 931 62 536 30 916 4
Q2 2023 1 361 790 73 552 33 007 4
Q1 2023 1 354 678 79 091 26 780 4
Q4 2022 1 275 356 189 384 23 663 4
Q3 2022 1 303 180 183 462 19 682 4
Q2 2022 1 203 886 191 424 29 131 3
Q1 2022 1 218 268 205 672 18 542 3
Labour taxes per employee per month
3 558 €
Turnover per employee in the quarter
448 117 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 6 649 879 € · +12.7% vs 2024 · industry median 13 620 € · above 98% of the industry
02 0004 0006 0008 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 4 824 503 € Industry median: 10 800 €20192020 Company: 4 159 969 € Industry median: 10 586 €20202021 Company: 4 589 070 € Industry median: 11 162 €20212022 Company: 5 021 204 € Industry median: 11 789 €20222023 Company: 5 430 555 € Industry median: 12 224 €20232024 Company: 5 901 320 € Industry median: 12 853 €20242025 Company: 6 649 879 € Industry median: 13 620 €202502 0004 0006 0008 0002018 Company: — Industry median: —2019 Company: 4 824 503 € Industry median: 10 800 €20192020 Company: 4 159 969 € Industry median: 10 586 €2021 Company: 4 589 070 € Industry median: 11 162 €20212022 Company: 5 021 204 € Industry median: 11 789 €2023 Company: 5 430 555 € Industry median: 12 224 €20232024 Company: 5 901 320 € Industry median: 12 853 €2025 Company: 6 649 879 € 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: 4 883 671 € · −25.2% vs 2024 · industry median 283 € · above 98% of the industry
-10 000-5 00005 00010 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 3 215 814 € Industry median: 205 €20192020 Company: 2 289 348 € Industry median: 175 €20202021 Company: 2 943 531 € Industry median: 251 €20212022 Company: 4 263 210 € Industry median: 161 €20222023 Company: -7 092 607 € Industry median: 154 €20232024 Company: 6 526 893 € Industry median: 256 €20242025 Company: 4 883 671 € Industry median: 283 €2025-10 000-5 00005 00010 0002018 Company: — Industry median: —2019 Company: 3 215 814 € Industry median: 205 €20192020 Company: 2 289 348 € Industry median: 175 €2021 Company: 2 943 531 € Industry median: 251 €20212022 Company: 4 263 210 € Industry median: 161 €2023 Company: -7 092 607 € Industry median: 154 €20232024 Company: 6 526 893 € Industry median: 256 €2025 Company: 4 883 671 € 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: 73.4 % · −37.2 pp vs the year before · industry median 5.9 % · above 87% of the industry
-150-100-500501001502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 66.7 % Industry median: 5.7 %20192020 Company: 55.0 % Industry median: 5.6 %20202021 Company: 64.1 % Industry median: 7.4 %20212022 Company: 84.9 % Industry median: 5.9 %20222023 Company: -130.6 % Industry median: 5.2 %20232024 Company: 110.6 % Industry median: 5.9 %20242025 Company: 73.4 % Industry median: 5.9 %2025-150-100-500501001502018 Company: — Industry median: —2019 Company: 66.7 % Industry median: 5.7 %20192020 Company: 55.0 % Industry median: 5.6 %2021 Company: 64.1 % Industry median: 7.4 %20212022 Company: 84.9 % Industry median: 5.9 %2023 Company: -130.6 % Industry median: 5.2 %20232024 Company: 110.6 % Industry median: 5.9 %2025 Company: 73.4 % 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: 60 565 847 € · +5.9% vs 2024
020 00040 00060 00080 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 46 620 925 €20192020 Company: 48 938 069 €20202021 Company: 51 247 291 €20212022 Company: 54 794 292 €20222023 Company: 47 047 175 €20232024 Company: 57 200 059 €20242025 Company: 60 565 847 €2025020 00040 00060 00080 0002018 Company: —2019 Company: 46 620 925 €20192020 Company: 48 938 069 €2021 Company: 51 247 291 €20212022 Company: 54 794 292 €2023 Company: 47 047 175 €20232024 Company: 57 200 059 €2025 Company: 60 565 847 €2025
Equity, € thousand 2025: 38 799 257 € · +14.4% vs 2024
010 00020 00030 00040 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 27 476 878 €20192020 Company: 29 766 226 €20202021 Company: 32 709 757 €20212022 Company: 36 972 967 €20222023 Company: 29 388 693 €20232024 Company: 33 915 586 €20242025 Company: 38 799 257 €2025010 00020 00030 00040 0002018 Company: —2019 Company: 27 476 878 €20192020 Company: 29 766 226 €2021 Company: 32 709 757 €20212022 Company: 36 972 967 €2023 Company: 29 388 693 €20232024 Company: 33 915 586 €2025 Company: 38 799 257 €2025
Employees 2025: 5 · industry median 1 · above 98% of the industry
0123452016 Company: 0 Industry median: —20162017 Company: 4 Industry median: —20172018 Company: 0 Industry median: 120182019 Company: 4 Industry median: 120192020 Company: 0 Industry median: 120202021 Company: 4 Industry median: 120212022 Company: 5 Industry median: 120222023 Company: 5 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 5 Industry median: 120250123452018 Company: 0 Industry median: 12019 Company: 4 Industry median: 120192020 Company: 0 Industry median: 12021 Company: 4 Industry median: 120212022 Company: 5 Industry median: 12023 Company: 5 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 5 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, € Assets, € Equity, € Employees
2025 6 649 879 4 883 671 60 565 847 38 799 257 5
2024 5 901 320 6 526 893 57 200 059 33 915 586 0
2023 5 430 555 -7 092 607 47 047 175 29 388 693 5
2022 5 021 204 4 263 210 54 794 292 36 972 967 5
2021 4 589 070 2 943 531 51 247 291 32 709 757 4
2020 4 159 969 2 289 348 48 938 069 29 766 226 0
2019 4 824 503 3 215 814 46 620 925 27 476 878 4
2018 — — — — 0
2017 — — — — 4
2016 — — — — 0
2015 — — — — 4
2014 — — — — 4
2013 — — — — 4
2012 — — — — 4
2011 — — — — 4
2010 — — — — 3
2009 — — — — 3
2008 — — — — 2
2007 — — — — 2
2006 — — — — 2
2005 — — — — 2
2004 — — — — 3
2003 — — — — 0
2002 — — — — 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
73.4 %
Net profit / revenue
Return on equity (ROE)
12.6 %
Net profit / equity
Return on assets (ROA)
8.1 %
Net profit / assets
Equity ratio
64.1 %
Equity / assets
Debt ratio
35.9 %
Liabilities / assets
Current ratio
1.55
Current assets / current liabilities
Revenue per employee
1 329 976 €
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 30 Jun 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 30 Jun 2024 Consolidated · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 30 Jun 2023 Consolidated · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Consolidated · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 27 Jun 2021 Consolidated · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 13 Aug 2020 Consolidated · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Ivar Pinsel
    Board member · since 29 Dec 2010
  • Karla Polli
    Board member · since 16 Mar 2018

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

  • Mati Polli
    Indirect ownership · since 23 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68201Rental and operating of own or leased real estate Main
Rulings
Number, date Title Deadline State Document
Ä 30020933 / 12
10 Jul 2019
Division entry (second, constitutive) In force
10 Jul 2019
PDF
Ä 30020933 / 11
16 Mar 2018
Amendment entry In force
16 Mar 2018
PDF
Ä 30020933 / M2
12 Mar 2018
Ruling to eliminate deficiencies 1 Apr 2018 Deficiencies eliminated
16 Mar 2018
PDF
Ä 30020933 / 10
18 Jan 2018
Amendment entry In force
18 Jan 2018
PDF
Ä 30020933 / 9
22 Dec 2017
Amendment entry In force
22 Dec 2017
PDF
Ä 30020933 / 8
4 Dec 2017
Amendment entry In force
4 Dec 2017
PDF
Ä 30020933 / 7
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 30020933 / 6
10 May 2017
Amendment entry In force
10 May 2017
PDF
Ä 30020933 / 5
23 Aug 2016
Second (constitutive) merger entry In force
23 Aug 2016
PDF
Ä 30020933 / 4
10 Jan 2012
Amendment entry In force
10 Jan 2012
PDF
Ä 30020933 / M1
13 Dec 2011
Ruling to eliminate deficiencies In force
13 Dec 2011
PDF
Ä 30020933 / 3
29 Dec 2010
Amendment entry In force
29 Dec 2010
PDF
Ä 20933 / 2
3 Dec 2008
Deletion of activities from the registry card In force
3 Dec 2008
PDF
Ä 63798 / 4
8 Jul 2005
Note on closing the registry card in the former department In force PDF
Ä 20933
5 Jul 2005
Registry card opened in the department of the new seat In force PDF
Ä 63798 / 3
22 Jun 2005
Note In force PDF
Ä 63798 / 2
3 Dec 2004
Amendment entry In force PDF
Ä 63798
4 Mar 2002
First entry In force PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data