Hardest Ehitus osaühing

Active Registry code 10960712 OÜ Tallinn Registered 3 Aug 2003

Hardest Ehitus osaühing is a OÜ based in Tallinn, registry code 10960712, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €461 540 with 1 employees.

Turnover

461 540 €

↑ 89.1% vs Q2 2026

State taxes

30 161 €

↓ 15.0% vs Q2 2026

Labour taxes

2 575 €

↑ 0.0% 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 461 540 €

above 94% of companies

industry median 25 252 € · companies in the industry: 4 696
Labour taxes per employee 2 575 €

above 85% of companies

industry median 1 211 € · companies in the industry: 4 133
Revenue · 2025 276 336 €

above 82% of companies

industry median 38 239 € · companies in the industry: 6 999
Net profit margin · 2025 3.7 %

above 51% of companies

industry median 3.5 % · companies in the industry: 5 561

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 461 540 € · +89.1% vs Q2 2026 · industry median 25 252 € · above 94% 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: 2 575 € · +0.0% 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: 1 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 30 161 € · −15.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	461 540	30 161	2 575	1
Q2 2026	244 123	35 496	2 575	1
Q1 2026	163 967	15 622	2 843	1
Q4 2025	57 747	6 053	3 380	1
Q3 2025	96 427	11 764	3 380	1
Q2 2025	-9 223	3 490	3 380	1
Q1 2025	42 570	7 490	3 293	1
Q4 2024	156 480	16 350	3 119	1
Q3 2024	68 055	5 288	3 171	1
Q2 2024	26 364	642	122	1
Q1 2024	11 897	315	87	—
Q4 2023	101 161	11 707	5 411	—
Q3 2023	149 067	14 661	8 900	2
Q2 2023	57 417	12 792	8 578	5
Q1 2023	76 923	12 450	6 373	4
Q4 2022	350 813	50 793	6 811	4
Q3 2022	454 670	30 703	10 531	4
Q2 2022	305 231	23 018	8 605	2
Q1 2022	161 869	18 977	9 030	4

Labour taxes per employee per month

858 €

Turnover per employee in the quarter

461 540 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 276 336 € · −0.5% vs 2024 · industry median 38 239 € · above 82% 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: 10 163 € · +30.4% vs 2024 · industry median 411 € · 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 margin, % 2025: 3.7 % · +0.9 pp vs the year before · industry median 3.5 % · above 51% 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: 301 925 € · +20.0% vs 2024

Equity, € thousand 2025: 164 583 € · +6.6% vs 2024

Employees 2025: 1 · +0.0% vs 2024 · industry median 2 · above 5% 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	276 336	10 163	25 253	301 925	164 583	1
2024	277 789	7 794	16 957	251 702	154 420	1
2023	382 792	-129 938	60 568	352 743	146 626	2
2022	1 199 532	-207 576	76 253	544 148	276 820	3
2021	1 335 136	40 195	132 111	773 788	484 396	7
2020	1 501 868	101 573	83 585	770 483	444 201	4
2019	1 206 033	81 394	183 216	1 032 777	342 627	5
2018	—	—	—	—	—	7
2017	—	—	—	—	—	10
2016	—	—	—	—	—	10
2015	—	—	—	—	—	7
2014	—	—	—	—	—	5
2013	—	—	—	—	—	5
2012	—	—	—	—	—	6
2011	—	—	—	—	—	7
2010	—	—	—	—	—	8
2009	—	—	—	—	—	7
2008	—	—	—	—	—	10
2007	—	—	—	—	—	8
2006	—	—	—	—	—	8
2005	—	—	—	—	—	6
2004	—	—	—	—	—	6

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

3.7 %

Net profit / revenue

Return on equity (ROE)

6.2 %

Net profit / equity

Return on assets (ROA)

3.4 %

Net profit / assets

Equity ratio

54.5 %

Equity / assets

Debt ratio

45.5 %

Liabilities / assets

Current ratio

1.02

Current assets / current liabilities

Revenue per employee

276 336 €

Revenue / average full-time employees

Labour cost per employee per month

2 104 €

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	30 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	27 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	30 Jun 2020	Company’s own	e-Äriregister

Board

Indrek Kaasik
Board member · since 20 Oct 2003

Right of representation

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

Owners

Indrek Kaasik
Natural person · 2 556 €

100%

Beneficial owners

Indrek Kaasik
Direct ownership · since 19 Oct 2018

Founders and other persons

Osaühing WASP PROJECT
Founder · 40 000 € · 3 Aug 2003

shared board members, owners or beneficial owners

Activities (EMTAK)

41001Construction of residential and non-residential buildings Main

Rulings 13

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10073699 / 10 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10073699 / 9 15 Feb 2018	Amendment entry		In force 15 Feb 2018	PDF
Ä 10073699 / M3 13 Feb 2018	Procedural ruling	15 Mar 2018	Deficiencies eliminated 15 Feb 2018	PDF
Ä 10073699 / 8 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10073699 / 7 8 Nov 2017	Amendment entry		In force 8 Nov 2017	PDF
Ä 10073699 / 6 19 Oct 2015	Amendment under Commercial Code § 525 (2)		In force 19 Oct 2015	PDF
Ä 10073699 / 5 28 Dec 2011	Amendment entry		In force 28 Dec 2011	PDF
Ä 10073699 / M2 12 Dec 2011	Ruling to eliminate deficiencies	1 Feb 2012	In force 12 Dec 2011	PDF
Ä 10073699 / 4 20 May 2010	Deletion of activities from the registry card		In force 20 May 2010	PDF
Ä 73699 / M1 26 Sep 2006	Fine for not filing the report	9 Nov 2006	Deficiencies eliminated 17 Oct 2006	PDF
Ä 73699 / 3 13 Oct 2005	Amendment entry		In force	PDF
Ä 73699 / 2 20 Oct 2003	Amendment entry		In force	PDF
Ä 73699 31 Jul 2003	First entry		In force	PDF

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

Hardest Ehitus osaühing

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