OÜ Tornimäe Hotell

Active Registry code 11016820 OÜ Tallinn Registered 23 Feb 2004
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OÜ Tornimäe Hotell is a OÜ based in Tallinn, registry code 11016820, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €689 015 with employees.

Turnover
689 015 €
↑ 15.6% vs Q2 2026
State taxes
111 947 €
↑ 26.7% vs Q2 2026
Labour taxes
0 €
Employees
—

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Real estate activities · EMTAK 68

  • Turnover · Q3 2026 689 015 €
    industry median 15 030 € · companies in the industry: 7 443
  • Revenue · 2025 2.7 mn €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 23.4 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 689 015 € · +15.6% vs Q2 2026 · industry median 15 030 € · above 98% of the industry
0200400600800Q4 2023 Company: 795 065 € Industry median: 14 897 €Q4·23Q1 2024 Company: 799 519 € Industry median: 15 027 €Q2 2024 Company: 578 733 € Industry median: 14 064 €Q2·24Q3 2024 Company: 663 137 € Industry median: 14 462 €Q4 2024 Company: 613 594 € Industry median: 14 610 €Q4·24Q1 2025 Company: 785 817 € Industry median: 14 672 €Q2 2025 Company: 594 516 € Industry median: 14 301 €Q2·25Q3 2025 Company: 625 632 € Industry median: 14 273 €Q4 2025 Company: 728 910 € Industry median: 14 464 €Q4·25Q1 2026 Company: 769 980 € Industry median: 14 759 €Q2 2026 Company: 596 212 € Industry median: 14 595 €Q2·26Q3 2026 Company: 689 015 € Industry median: 15 030 €Q3·260200400600800Q4 2024 Company: 613 594 € Industry median: 14 610 €Q1 2025 Company: 785 817 € Industry median: 14 672 €Q1·25Q2 2025 Company: 594 516 € Industry median: 14 301 €Q3 2025 Company: 625 632 € Industry median: 14 273 €Q3·25Q4 2025 Company: 728 910 € Industry median: 14 464 €Q1 2026 Company: 769 980 € Industry median: 14 759 €Q1·26Q2 2026 Company: 596 212 € Industry median: 14 595 €Q3 2026 Company: 689 015 € 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.

State taxes, € thousand Q3 2026: 111 947 € · +26.7% vs Q2 2026
050100150Q4 2023 Company: 132 904 €Q4·23Q1 2024 Company: 112 606 €Q2 2024 Company: 87 682 €Q2·24Q3 2024 Company: 109 300 €Q4 2024 Company: 94 905 €Q4·24Q1 2025 Company: 122 861 €Q2 2025 Company: 92 525 €Q2·25Q3 2025 Company: 105 539 €Q4 2025 Company: 126 129 €Q4·25Q1 2026 Company: 120 298 €Q2 2026 Company: 88 356 €Q2·26Q3 2026 Company: 111 947 €Q3·26050100150Q4 2024 Company: 94 905 €Q1 2025 Company: 122 861 €Q1·25Q2 2025 Company: 92 525 €Q3 2025 Company: 105 539 €Q3·25Q4 2025 Company: 126 129 €Q1 2026 Company: 120 298 €Q1·26Q2 2026 Company: 88 356 €Q3 2026 Company: 111 947 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 689 015 111 947 — —
Q2 2026 596 212 88 356 — —
Q1 2026 769 980 120 298 — —
Q4 2025 728 910 126 129 — —
Q3 2025 625 632 105 539 — —
Q2 2025 594 516 92 525 — —
Q1 2025 785 817 122 861 — —
Q4 2024 613 594 94 905 — —
Q3 2024 663 137 109 300 — —
Q2 2024 578 733 87 682 — —
Q1 2024 799 519 112 606 — —
Q4 2023 795 065 132 904 — —
Q3 2023 616 074 90 321 — —
Q2 2023 602 061 80 814 — —
Q1 2023 842 587 115 231 — —
Q4 2022 750 570 113 093 — —
Q3 2022 717 373 103 826 — —
Q2 2022 715 621 100 231 — —
Q1 2022 499 761 77 669 — —

Financials by year

2016 – 2025
Revenue, € thousand 2025: 2 705 002 € · −1.8% vs 2024 · industry median 13 620 € · above 98% of the industry
01 0002 0003 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 2 897 408 € Industry median: 10 800 €20192020 Company: 1 410 775 € Industry median: 10 586 €20202021 Company: 1 321 072 € Industry median: 11 162 €20212022 Company: 2 803 556 € Industry median: 11 789 €20222023 Company: 2 877 941 € Industry median: 12 224 €20232024 Company: 2 754 200 € Industry median: 12 853 €20242025 Company: 2 705 002 € Industry median: 13 620 €202501 0002 0003 0002018 Company: — Industry median: —2019 Company: 2 897 408 € Industry median: 10 800 €20192020 Company: 1 410 775 € Industry median: 10 586 €2021 Company: 1 321 072 € Industry median: 11 162 €20212022 Company: 2 803 556 € Industry median: 11 789 €2023 Company: 2 877 941 € Industry median: 12 224 €20232024 Company: 2 754 200 € Industry median: 12 853 €2025 Company: 2 705 002 € 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: 632 659 € · −15.2% vs 2024 · industry median 283 € · above 98% of the industry
-50005001 0001 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 373 030 € Industry median: 205 €20192020 Company: -36 965 € Industry median: 175 €20202021 Company: -11 900 € Industry median: 251 €20212022 Company: 962 189 € Industry median: 161 €20222023 Company: 703 693 € Industry median: 154 €20232024 Company: 745 924 € Industry median: 256 €20242025 Company: 632 659 € Industry median: 283 €2025-50005001 0001 5002018 Company: — Industry median: —2019 Company: 1 373 030 € Industry median: 205 €20192020 Company: -36 965 € Industry median: 175 €2021 Company: -11 900 € Industry median: 251 €20212022 Company: 962 189 € Industry median: 161 €2023 Company: 703 693 € Industry median: 154 €20232024 Company: 745 924 € Industry median: 256 €2025 Company: 632 659 € 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: 23.4 % · −3.7 pp vs the year before · industry median 5.9 % · above 66% of the industry
-2002040602016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 47.4 % Industry median: 5.7 %20192020 Company: -2.6 % Industry median: 5.6 %20202021 Company: -0.9 % Industry median: 7.4 %20212022 Company: 34.3 % Industry median: 5.9 %20222023 Company: 24.5 % Industry median: 5.2 %20232024 Company: 27.1 % Industry median: 5.9 %20242025 Company: 23.4 % Industry median: 5.9 %2025-2002040602018 Company: — Industry median: —2019 Company: 47.4 % Industry median: 5.7 %20192020 Company: -2.6 % Industry median: 5.6 %2021 Company: -0.9 % Industry median: 7.4 %20212022 Company: 34.3 % Industry median: 5.9 %2023 Company: 24.5 % Industry median: 5.2 %20232024 Company: 27.1 % Industry median: 5.9 %2025 Company: 23.4 % 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: 36 017 873 € · −1.6% vs 2024
010 00020 00030 00040 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 39 009 090 €20192020 Company: 38 536 468 €20202021 Company: 38 172 786 €20212022 Company: 37 548 909 €20222023 Company: 37 029 956 €20232024 Company: 36 594 694 €20242025 Company: 36 017 873 €2025010 00020 00030 00040 0002018 Company: —2019 Company: 39 009 090 €20192020 Company: 38 536 468 €2021 Company: 38 172 786 €20212022 Company: 37 548 909 €2023 Company: 37 029 956 €20232024 Company: 36 594 694 €2025 Company: 36 017 873 €2025
Equity, € thousand 2025: 17 370 742 € · +3.8% vs 2024
05 00010 00015 00020 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 14 375 142 €20192020 Company: 14 338 177 €20202021 Company: 14 326 277 €20212022 Company: 15 288 466 €20222023 Company: 15 992 159 €20232024 Company: 16 738 083 €20242025 Company: 17 370 742 €202505 00010 00015 00020 0002018 Company: —2019 Company: 14 375 142 €20192020 Company: 14 338 177 €2021 Company: 14 326 277 €20212022 Company: 15 288 466 €2023 Company: 15 992 159 €20232024 Company: 16 738 083 €2025 Company: 17 370 742 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02016 Company: 0 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 120182019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 120202021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02018 Company: 0 Industry median: 12019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 12021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 12023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 0 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 2 705 002 632 659 36 017 873 17 370 742 0
2024 2 754 200 745 924 36 594 694 16 738 083 0
2023 2 877 941 703 693 37 029 956 15 992 159 0
2022 2 803 556 962 189 37 548 909 15 288 466 0
2021 1 321 072 -11 900 38 172 786 14 326 277 0
2020 1 410 775 -36 965 38 536 468 14 338 177 0
2019 2 897 408 1 373 030 39 009 090 14 375 142 0
2018 — — — — 0
2017 — — — — 0
2016 — — — — 0
2015 — — — — 0
2014 — — — — 0
2013 — — — — 0
2012 — — — — 0
2011 — — — — 0
2010 — — — — 0
2009 — — — — 0
2008 — — — — 0
2007 — — — — 0
2006 — — — — 0
2005 — — — — 0
2004 — — — — 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
23.4 %
Net profit / revenue
Return on equity (ROE)
3.6 %
Net profit / equity
Return on assets (ROA)
1.8 %
Net profit / assets
Equity ratio
48.2 %
Equity / assets
Debt ratio
51.8 %
Liabilities / assets
Current ratio
0.06
Current assets / current liabilities

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 · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 5 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 30 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Jun 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 30 Jun 2020 Company’s own · audited e-Äriregister

Board

  • Karl Ader
    Board member · since 19 Apr 2024
  • Martin Komendant
    Board member · since 19 Apr 2024
  • Nasdaq CSD SE
    Keeper of the share register · since 28 Sep 2017

Right of representation

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

Owners

Beneficial owners

  • Karl Ader
    Member of a senior management body (management or supervisory board) · since 4 Oct 2024

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 10078004 / 10
19 Apr 2024
Amendment entry In force
19 Apr 2024
PDF
Ä 10078004 / 9
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10078004 / 8
8 Nov 2017
Amendment entry In force
8 Nov 2017
PDF
Ä 10078004 / 7
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10078004 / 6
14 Sep 2016
Amendment entry In force
14 Sep 2016
PDF
Ä 10078004 / 5
9 May 2011
Amendment entry In force
9 May 2011
PDF
Ä 78004 / 4
7 May 2009
Amendment entry In force
7 May 2009
PDF
Ä 78004 / 3
3 Dec 2008
Deletion of activities from the registry card In force
3 Dec 2008
PDF
Ä 78004 / 2
2 Jan 2008
Note on registration of shares in the Estonian central register of securities In force
2 Jan 2008
PDF
Ä 78004
23 Feb 2004
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