OÜ REF Ehitustööd

Active Registry code 10950866 OÜ Tallinn Registered 20 May 2003

OÜ REF Ehitustööd is a OÜ based in Tallinn, registry code 10950866, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €78 710 with 7 employees.

Turnover

78 710 €

↓ 1.5% vs Q2 2026

State taxes

26 287 €

↑ 9.1% vs Q2 2026

Labour taxes

14 884 €

↑ 6.9% 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 78 710 €

above 74% of companies

industry median 25 252 € · companies in the industry: 4 696
Labour taxes per employee 2 126 €

above 79% of companies

industry median 1 211 € · companies in the industry: 4 133
Revenue · 2025 311 529 €

above 84% of companies

industry median 38 239 € · companies in the industry: 7 001
Net profit margin · 2025 1.7 %

above 42% of companies

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

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 78 710 € · −1.5% vs Q2 2026 · industry median 25 252 € · above 74% 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: 2 126 € · +6.9% vs Q2 2026 · industry median 1 211 € · above 79% 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: 7 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 26 287 € · +9.1% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	78 710	26 287	14 884	7
Q2 2026	79 909	24 087	13 919	7
Q1 2026	47 392	20 596	14 616	7
Q4 2025	105 670	30 244	16 702	7
Q3 2025	113 069	33 583	16 373	7
Q2 2025	42 179	14 398	12 615	7
Q1 2025	53 775	18 517	12 205	6
Q4 2024	86 390	21 562	13 903	6
Q3 2024	126 485	25 749	13 830	7
Q2 2024	63 699	19 576	12 580	7
Q1 2024	46 162	17 913	13 671	7
Q4 2023	66 290	24 007	14 197	8
Q3 2023	53 723	23 351	10 615	8
Q2 2023	79 143	20 904	13 131	6
Q1 2023	80 964	22 996	14 117	8
Q4 2022	58 284	23 157	14 124	8
Q3 2022	117 489	22 668	10 847	8
Q2 2022	104 201	21 272	10 040	8
Q1 2022	50 458	16 534	10 644	8

Labour taxes per employee per month

709 €

Turnover per employee in the quarter

11 244 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 311 529 € · −1.4% vs 2024 · industry median 38 239 € · above 84% 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, € thousand 2025: 5 165 € · +787.5% vs 2024 · industry median 410 € · above 68% 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: 1.7 % · +1.5 pp vs the year before · industry median 3.5 % · above 42% 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: 311 665 € · −2.9% vs 2024

Equity, € thousand 2025: 207 425 € · +2.6% vs 2024

Employees 2025: 7 · +16.7% vs 2024 · industry median 2 · above 88% 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	311 529	5 165	156 069	311 665	207 425	7
2024	315 813	582	141 790	320 986	202 260	6
2023	260 577	2 568	140 083	302 958	55 811	8
2022	362 165	1 197	119 164	403 348	53 243	8
2021	176 730	-7 961	100 892	321 577	52 046	8
2020	118 735	-91 419	91 099	380 738	60 007	8
2019	423 873	-170 337	127 625	411 748	151 426	9
2018	—	—	—	—	—	14
2017	—	—	—	—	—	15
2016	—	—	—	—	—	15
2015	—	—	—	—	—	14
2014	—	—	—	—	—	20
2013	—	—	—	—	—	18
2012	—	—	—	—	—	9
2011	—	—	—	—	—	11
2010	—	—	—	—	—	12
2009	—	—	—	—	—	17
2008	—	—	—	—	—	26
2007	—	—	—	—	—	20
2006	—	—	—	—	—	13
2005	—	—	—	—	—	10
2004	—	—	—	—	—	9
2003	—	—	—	—	—	5

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

1.7 %

Net profit / revenue

Return on equity (ROE)

2.5 %

Net profit / equity

Return on assets (ROA)

1.7 %

Net profit / assets

Equity ratio

66.6 %

Equity / assets

Debt ratio

33.4 %

Liabilities / assets

Current ratio

11.03

Current assets / current liabilities

Revenue per employee

44 504 €

Revenue / average full-time employees

Labour cost per employee per month

1 858 €

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	18 Aug 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	8 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	30 Jul 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	15 Jul 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	21 Jul 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	18 Oct 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	2 Nov 2020	Company’s own	e-Äriregister

Board

Rein Velja
Board member · since 21 Jul 2003

Right of representation

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

Owners

Rein Velja
Natural person · 2 684 €

100%

Beneficial owners

Rein Velja
Direct ownership · since 22 Oct 2018

Founders and other persons

Glandre Õigusabi OÜ
Founder · 42 000 € · 20 May 2003

shared board members, owners or beneficial owners

Activities (EMTAK)

41001Construction of residential and non-residential buildings Main

Rulings 10

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10071857 / M2 6 Jul 2024	Warning of a fine: annual report not filed	5 Aug 2024	Deficiencies eliminated 31 Jul 2024	PDF
Ä 10071857 / 8 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10071857 / 7 1 Aug 2019	Amendment entry		In force 1 Aug 2019	PDF
Ä 10071857 / 6 9 Jul 2018	Amendment entry		In force 9 Jul 2018	PDF
Ä 10071857 / 5 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10071857 / 4 19 Oct 2011	Amendment entry		In force 19 Oct 2011	PDF
Ä 71857 / 3 5 Jan 2009	Deletion of activities from the registry card		In force 8 Jan 2009	PDF
Ä 71857 / 2 21 Jul 2003	Amendment entry		In force	PDF
Ä 71857 16 May 2003	First entry		In force	PDF
Ä 71857 / M1 14 Apr 2003	Ruling to eliminate deficiencies (to be served)	30 Jun 2003	In force	PDF

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

OÜ REF Ehitustööd

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 10