TBS Estonia OÜ

Active Registry code 11041522 OÜ Tallinn Registered 10 Jun 2004
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TBS Estonia OÜ is a OÜ based in Tallinn, registry code 11041522, status: active. Main activity: Other real estate management or related activities. According to EMTA, turnover for Q3 2026 was €29 310 with 1 employees.

Turnover
29 310 €
↓ 28.6% vs Q2 2026
State taxes
3 528 €
↓ 24.0% vs Q2 2026
Labour taxes
1 296 €
↑ 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 29 310 €
    industry median 15 029 € · companies in the industry: 7 444
  • Labour taxes per employee 1 296 €
    industry median 857 € · companies in the industry: 7 261
  • Revenue · 2025 129 328 €
    industry median 13 620 € · companies in the industry: 30 470
  • Net profit margin · 2025 -33.4 %
    industry median 5.9 % · companies in the industry: 25 042

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 29 310 € · −28.6% vs Q2 2026 · industry median 15 029 € · above 64% of the industry
020 00040 00060 000Q4 2023 Company: 35 738 € Industry median: 14 894 €Q4·23Q1 2024 Company: 44 848 € Industry median: 15 029 €Q2 2024 Company: 37 200 € Industry median: 14 045 €Q2·24Q3 2024 Company: 21 761 € Industry median: 14 441 €Q4 2024 Company: 41 600 € Industry median: 14 605 €Q4·24Q1 2025 Company: 50 145 € Industry median: 14 686 €Q2 2025 Company: 33 750 € Industry median: 14 302 €Q2·25Q3 2025 Company: 29 543 € Industry median: 14 276 €Q4 2025 Company: 29 090 € Industry median: 14 465 €Q4·25Q1 2026 Company: 48 800 € Industry median: 14 753 €Q2 2026 Company: 41 040 € Industry median: 14 601 €Q2·26Q3 2026 Company: 29 310 € Industry median: 15 029 €Q3·26020 00040 00060 000Q4 2024 Company: 41 600 € Industry median: 14 605 €Q1 2025 Company: 50 145 € Industry median: 14 686 €Q1·25Q2 2025 Company: 33 750 € Industry median: 14 302 €Q3 2025 Company: 29 543 € Industry median: 14 276 €Q3·25Q4 2025 Company: 29 090 € Industry median: 14 465 €Q1 2026 Company: 48 800 € Industry median: 14 753 €Q1·26Q2 2026 Company: 41 040 € Industry median: 14 601 €Q3 2026 Company: 29 310 € Industry median: 15 029 €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: 1 296 € · +0.0% vs Q2 2026 · industry median 857 € · above 71% of the industry
05001 0001 500Q4 2023 Company: 1 308 € Industry median: 671 €Q4·23Q1 2024 Company: 1 308 € Industry median: 694 €Q2 2024 Company: 1 308 € Industry median: 712 €Q2·24Q3 2024 Company: 1 308 € Industry median: 728 €Q4 2024 Company: 1 308 € Industry median: 727 €Q4·24Q1 2025 Company: 1 320 € Industry median: 780 €Q2 2025 Company: 1 327 € Industry median: 771 €Q2·25Q3 2025 Company: 1 327 € Industry median: 812 €Q4 2025 Company: 1 327 € Industry median: 812 €Q4·25Q1 2026 Company: 1 306 € Industry median: 818 €Q2 2026 Company: 1 296 € Industry median: 828 €Q2·26Q3 2026 Company: 1 296 € Industry median: 857 €Q3·2605001 0001 500Q4 2024 Company: 1 308 € Industry median: 727 €Q1 2025 Company: 1 320 € Industry median: 780 €Q1·25Q2 2025 Company: 1 327 € Industry median: 771 €Q3 2025 Company: 1 327 € Industry median: 812 €Q3·25Q4 2025 Company: 1 327 € Industry median: 812 €Q1 2026 Company: 1 306 € Industry median: 818 €Q1·26Q2 2026 Company: 1 296 € Industry median: 828 €Q3 2026 Company: 1 296 € 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, € Q3 2026: 3 528 € · −24.0% vs Q2 2026
02 5005 0007 50010 00012 500Q4 2023 Company: 5 967 €Q4·23Q1 2024 Company: 7 182 €Q2 2024 Company: 3 705 €Q2·24Q3 2024 Company: 3 532 €Q4 2024 Company: 1 272 €Q4·24Q1 2025 Company: 6 886 €Q2 2025 Company: 3 388 €Q2·25Q3 2025 Company: 4 629 €Q4 2025 Company: 6 858 €Q4·25Q1 2026 Company: 10 876 €Q2 2026 Company: 4 643 €Q2·26Q3 2026 Company: 3 528 €Q3·2602 5005 0007 50010 00012 500Q4 2024 Company: 1 272 €Q1 2025 Company: 6 886 €Q1·25Q2 2025 Company: 3 388 €Q3 2025 Company: 4 629 €Q3·25Q4 2025 Company: 6 858 €Q1 2026 Company: 10 876 €Q1·26Q2 2026 Company: 4 643 €Q3 2026 Company: 3 528 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 29 310 3 528 1 296 1
Q2 2026 41 040 4 643 1 296 1
Q1 2026 48 800 10 876 1 306 1
Q4 2025 29 090 6 858 1 327 1
Q3 2025 29 543 4 629 1 327 1
Q2 2025 33 750 3 388 1 327 1
Q1 2025 50 145 6 886 1 320 1
Q4 2024 41 600 1 272 1 308 1
Q3 2024 21 761 3 532 1 308 1
Q2 2024 37 200 3 705 1 308 1
Q1 2024 44 848 7 182 1 308 1
Q4 2023 35 738 5 967 1 308 1
Q3 2023 20 250 4 137 1 308 1
Q2 2023 25 419 1 670 1 078 1
Q1 2023 64 897 12 657 1 339 1
Q4 2022 26 679 5 244 1 400 1
Q3 2022 18 389 3 452 1 400 1
Q2 2022 20 569 2 723 1 400 1
Q1 2022 44 465 8 328 1 002 1
Labour taxes per employee per month
432 €
Turnover per employee in the quarter
29 310 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 129 328 € · −22.0% vs 2024 · industry median 13 620 € · above 90% of the industry
0501001502002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 81 118 € Industry median: 10 800 €20192020 Company: 91 107 € Industry median: 10 586 €20202021 Company: 107 178 € Industry median: 11 162 €20212022 Company: 112 435 € Industry median: 11 792 €20222023 Company: 145 618 € Industry median: 12 224 €20232024 Company: 165 859 € Industry median: 12 863 €20242025 Company: 129 328 € Industry median: 13 620 €20250501001502002018 Company: — Industry median: —2019 Company: 81 118 € Industry median: 10 800 €20192020 Company: 91 107 € Industry median: 10 586 €2021 Company: 107 178 € Industry median: 11 162 €20212022 Company: 112 435 € Industry median: 11 792 €2023 Company: 145 618 € Industry median: 12 224 €20232024 Company: 165 859 € Industry median: 12 863 €2025 Company: 129 328 € 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, € 2025: -43 132 € · −0.1% vs 2024 · industry median 283 € · above 2% of the industry
-60 000-40 000-20 000020 00040 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 8 775 € Industry median: 205 €20192020 Company: 24 880 € Industry median: 175 €20202021 Company: 23 414 € Industry median: 250 €20212022 Company: 15 558 € Industry median: 161 €20222023 Company: 35 266 € Industry median: 154 €20232024 Company: -43 105 € Industry median: 256 €20242025 Company: -43 132 € Industry median: 283 €2025-60 000-40 000-20 000020 00040 0002018 Company: — Industry median: —2019 Company: 8 775 € Industry median: 205 €20192020 Company: 24 880 € Industry median: 175 €2021 Company: 23 414 € Industry median: 250 €20212022 Company: 15 558 € Industry median: 161 €2023 Company: 35 266 € Industry median: 154 €20232024 Company: -43 105 € Industry median: 256 €2025 Company: -43 132 € 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: -33.4 % · −7.4 pp vs the year before · industry median 5.9 % · above 10% of the industry
-40-20020402016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 10.8 % Industry median: 5.7 %20192020 Company: 27.3 % Industry median: 5.6 %20202021 Company: 21.8 % Industry median: 7.4 %20212022 Company: 13.8 % Industry median: 5.9 %20222023 Company: 24.2 % Industry median: 5.2 %20232024 Company: -26.0 % Industry median: 5.9 %20242025 Company: -33.4 % Industry median: 5.9 %2025-40-20020402018 Company: — Industry median: —2019 Company: 10.8 % Industry median: 5.7 %20192020 Company: 27.3 % Industry median: 5.6 %2021 Company: 21.8 % Industry median: 7.4 %20212022 Company: 13.8 % Industry median: 5.9 %2023 Company: 24.2 % Industry median: 5.2 %20232024 Company: -26.0 % Industry median: 5.9 %2025 Company: -33.4 % 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: 128 600 € · −25.4% vs 2024
0501001502002502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 93 065 €20192020 Company: 112 872 €20202021 Company: 133 484 €20212022 Company: 151 472 €20222023 Company: 219 246 €20232024 Company: 172 280 €20242025 Company: 128 600 €20250501001502002502018 Company: —2019 Company: 93 065 €20192020 Company: 112 872 €2021 Company: 133 484 €20212022 Company: 151 472 €2023 Company: 219 246 €20232024 Company: 172 280 €2025 Company: 128 600 €2025
Equity, € thousand 2025: 78 943 € · −35.3% vs 2024
0501001502002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 66 062 €20192020 Company: 90 942 €20202021 Company: 114 356 €20212022 Company: 129 914 €20222023 Company: 165 180 €20232024 Company: 122 075 €20242025 Company: 78 943 €20250501001502002018 Company: —2019 Company: 66 062 €20192020 Company: 90 942 €2021 Company: 114 356 €20212022 Company: 129 914 €2023 Company: 165 180 €20232024 Company: 122 075 €2025 Company: 78 943 €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 129 328 -43 132 16 056 128 600 78 943 1
2024 165 859 -43 105 16 056 172 280 122 075 1
2023 145 618 35 266 15 573 219 246 165 180 1
2022 112 435 15 558 16 056 151 472 129 914 1
2021 107 178 23 414 10 410 133 484 114 356 1
2020 91 107 24 880 10 410 112 872 90 942 1
2019 81 118 8 775 8 670 93 065 66 062 1
2018 — — — — — 1
2017 — — — — — 1
2016 — — — — — 1
2015 — — — — — 1
2014 — — — — — 1
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
-33.4 %
Net profit / revenue
Return on equity (ROE)
-54.6 %
Net profit / equity
Return on assets (ROA)
-33.5 %
Net profit / assets
Equity ratio
61.4 %
Equity / assets
Debt ratio
38.6 %
Liabilities / assets
Current ratio
3.36
Current assets / current liabilities
Revenue per employee
129 328 €
Revenue / average full-time employees
Labour cost per employee per month
1 338 €
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 31 May 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 5 Jul 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 29 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 7 Jul 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 25 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 31 Oct 2020 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

  • Aare Udras
    Direct ownership · since 18 Oct 2018

Founders and other persons

Activities (EMTAK)

  • 68329Other real estate management or related activities Main
Rulings
Number, date Title Deadline State Document
Ä 10080746 / 11
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 10080746 / 10
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10080746 / 9
8 Nov 2017
Amendment entry In force
8 Nov 2017
PDF
Ä 10080746 / 8
15 Sep 2016
Amendment entry In force
15 Sep 2016
PDF
Ä 10080746 / 7
6 Jun 2013
Amendment under Commercial Code § 525 (2) In force
6 Jun 2013
PDF
Ä 10080746 / 6
20 Sep 2011
Amendment entry In force
20 Sep 2011
PDF
Ä 10080746 / 5
2 Jul 2010
Deletion of activities from the registry card In force
2 Jul 2010
PDF
Ä 80746 / 4
19 May 2009
Amendment entry In force
19 May 2009
PDF
Ä 80746 / M4
20 Apr 2009
Ruling to eliminate deficiencies 20 May 2009 In force
20 Apr 2009
PDF
Ä 80746 / 3
25 Mar 2009
Entry refused: deficiencies not eliminated In force
7 Apr 2009
PDF
Ä 80746 / M3
29 Jan 2009
Warning of a fine: deficiencies in the annual report Deficiencies eliminated
19 May 2009
PDF
Ä 80746 / M2
31 Aug 2006
Refund of the state fee In force
31 Aug 2006
PDF
Ä 80746 / 2
30 Aug 2006
Amendment entry In force
30 Aug 2006
PDF
Ä 80746 / M1
17 Aug 2006
Ruling to eliminate deficiencies (to be served) 24 Sep 2006 In force
23 Aug 2006
PDF
Ä 80746
10 Jun 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