AS Emajõe Veevärk

Active Registry code 11044696 AS Tartu linn Registered 14 Jul 2004
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AS Emajõe Veevärk is a AS based in Tartu linn, registry code 11044696, status: active. Main activity: Sewerage and wastewater management. According to EMTA, turnover for Q3 2026 was €1 633 335 with 43 employees.

Turnover
1 633 335 €
↓ 11.9% vs Q2 2026
State taxes
0 €
Labour taxes
193 618 €
↑ 3.1% vs Q2 2026
Employees
43
−1 vs Q2 2026

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

Position in the industry Sewerage · EMTAK 37

  • Turnover · Q3 2026 1.6 mn €
    industry median 120 838 € · companies in the industry: 97
  • Labour taxes per employee 4 503 €
    industry median 2 776 € · companies in the industry: 82
  • Revenue · 2025 5.6 mn €
    industry median 81 824 € · companies in the industry: 130
  • Net profit margin · 2025 29.0 %
    industry median 1.8 % · companies in the industry: 115

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 633 335 € · −11.9% vs Q2 2026 · industry median 120 838 € · above 94% of the industry
05001 0001 5002 000Q4 2023 Company: 1 091 826 € Industry median: 98 836 €Q4·23Q1 2024 Company: 1 118 972 € Industry median: 104 739 €Q2 2024 Company: 1 360 813 € Industry median: 140 159 €Q2·24Q3 2024 Company: 1 308 702 € Industry median: 121 495 €Q4 2024 Company: 1 196 797 € Industry median: 147 769 €Q4·24Q1 2025 Company: 1 315 782 € Industry median: 92 363 €Q2 2025 Company: 1 724 200 € Industry median: 109 088 €Q2·25Q3 2025 Company: 1 449 032 € Industry median: 116 427 €Q4 2025 Company: 1 466 018 € Industry median: 97 364 €Q4·25Q1 2026 Company: 1 534 141 € Industry median: 91 139 €Q2 2026 Company: 1 853 664 € Industry median: 103 187 €Q2·26Q3 2026 Company: 1 633 335 € Industry median: 120 838 €Q3·2605001 0001 5002 000Q4 2024 Company: 1 196 797 € Industry median: 147 769 €Q1 2025 Company: 1 315 782 € Industry median: 92 363 €Q1·25Q2 2025 Company: 1 724 200 € Industry median: 109 088 €Q3 2025 Company: 1 449 032 € Industry median: 116 427 €Q3·25Q4 2025 Company: 1 466 018 € Industry median: 97 364 €Q1 2026 Company: 1 534 141 € Industry median: 91 139 €Q1·26Q2 2026 Company: 1 853 664 € Industry median: 103 187 €Q3 2026 Company: 1 633 335 € Industry median: 120 838 €Q3·26
  • Company
  • Industry median

Industry: Sewerage (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 4 503 € · +5.5% vs Q2 2026 · industry median 2 776 € · above 90% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 3 324 € Industry median: 2 292 €Q4·23Q1 2024 Company: 3 612 € Industry median: 2 581 €Q2 2024 Company: 3 861 € Industry median: 2 215 €Q2·24Q3 2024 Company: 3 833 € Industry median: 2 709 €Q4 2024 Company: 3 910 € Industry median: 2 640 €Q4·24Q1 2025 Company: 3 946 € Industry median: 2 866 €Q2 2025 Company: 4 163 € Industry median: 2 699 €Q2·25Q3 2025 Company: 4 152 € Industry median: 2 844 €Q4 2025 Company: 4 251 € Industry median: 2 637 €Q4·25Q1 2026 Company: 4 133 € Industry median: 2 617 €Q2 2026 Company: 4 267 € Industry median: 2 514 €Q2·26Q3 2026 Company: 4 503 € Industry median: 2 776 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 3 910 € Industry median: 2 640 €Q1 2025 Company: 3 946 € Industry median: 2 866 €Q1·25Q2 2025 Company: 4 163 € Industry median: 2 699 €Q3 2025 Company: 4 152 € Industry median: 2 844 €Q3·25Q4 2025 Company: 4 251 € Industry median: 2 637 €Q1 2026 Company: 4 133 € Industry median: 2 617 €Q1·26Q2 2026 Company: 4 267 € Industry median: 2 514 €Q3 2026 Company: 4 503 € Industry median: 2 776 €Q3·26
  • Company
  • Industry median

Industry: Sewerage (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 43 · −2.3% vs Q2 2026
01020304050Q4 2023 Company: 39Q4·23Q1 2024 Company: 38Q2 2024 Company: 39Q2·24Q3 2024 Company: 39Q4 2024 Company: 39Q4·24Q1 2025 Company: 40Q2 2025 Company: 42Q2·25Q3 2025 Company: 43Q4 2025 Company: 44Q4·25Q1 2026 Company: 44Q2 2026 Company: 44Q2·26Q3 2026 Company: 43Q3·2601020304050Q4 2024 Company: 39Q1 2025 Company: 40Q1·25Q2 2025 Company: 42Q3 2025 Company: 43Q3·25Q4 2025 Company: 44Q1 2026 Company: 44Q1·26Q2 2026 Company: 44Q3 2026 Company: 43Q3·26
State taxes, € thousand Q3 2026: 0 €
0100200300Q4 2023 Company: 0 €Q4·23Q1 2024 Company: 97 812 €Q2 2024 Company: 104 454 €Q2·24Q3 2024 Company: 49 232 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: 0 €Q2 2025 Company: 297 795 €Q2·25Q3 2025 Company: 184 412 €Q4 2025 Company: 0 €Q4·25Q1 2026 Company: 0 €Q2 2026 Company: 0 €Q2·26Q3 2026 Company: 0 €Q3·260100200300Q4 2024 Company: 0 €Q1 2025 Company: 0 €Q1·25Q2 2025 Company: 297 795 €Q3 2025 Company: 184 412 €Q3·25Q4 2025 Company: 0 €Q1 2026 Company: 0 €Q1·26Q2 2026 Company: 0 €Q3 2026 Company: 0 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 1 633 335 — 193 618 43
Q2 2026 1 853 664 — 187 745 44
Q1 2026 1 534 141 — 181 855 44
Q4 2025 1 466 018 — 187 050 44
Q3 2025 1 449 032 184 412 178 533 43
Q2 2025 1 724 200 297 795 174 850 42
Q1 2025 1 315 782 — 157 834 40
Q4 2024 1 196 797 — 152 478 39
Q3 2024 1 308 702 49 232 149 490 39
Q2 2024 1 360 813 104 454 150 596 39
Q1 2024 1 118 972 97 812 137 251 38
Q4 2023 1 091 826 — 129 652 39
Q3 2023 1 090 578 1 104 130 526 35
Q2 2023 1 058 484 45 739 119 536 34
Q1 2023 1 122 031 58 808 106 403 34
Q4 2022 959 108 — 98 467 33
Q3 2022 1 104 409 64 588 97 496 31
Q2 2022 1 142 847 — 97 625 30
Q1 2022 1 005 339 — 93 105 31
Labour taxes per employee per month
1 501 €
Turnover per employee in the quarter
37 985 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 5 639 696 € · +28.2% vs 2024 · industry median 81 824 € · above 98% of the industry
02 0004 0006 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 2 916 006 € Industry median: 108 314 €20192020 Company: 2 711 230 € Industry median: 84 233 €20202021 Company: 2 881 284 € Industry median: 77 271 €20212022 Company: 3 390 468 € Industry median: 79 863 €20222023 Company: 3 823 744 € Industry median: 82 335 €20232024 Company: 4 399 041 € Industry median: 78 559 €20242025 Company: 5 639 696 € Industry median: 81 824 €202502 0004 0006 0002018 Company: — Industry median: —2019 Company: 2 916 006 € Industry median: 108 314 €20192020 Company: 2 711 230 € Industry median: 84 233 €2021 Company: 2 881 284 € Industry median: 77 271 €20212022 Company: 3 390 468 € Industry median: 79 863 €2023 Company: 3 823 744 € Industry median: 82 335 €20232024 Company: 4 399 041 € Industry median: 78 559 €2025 Company: 5 639 696 € Industry median: 81 824 €2025
  • Company
  • Industry median

Industry: Sewerage (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 1 638 159 € · +748.1% vs 2024 · industry median 275 € · above 98% of the industry
-1 00001 0002 0003 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 2 675 600 € Industry median: 363 €20192020 Company: 1 336 734 € Industry median: 111 €20202021 Company: 2 709 623 € Industry median: 286 €20212022 Company: 225 736 € Industry median: 0 €20222023 Company: 1 313 943 € Industry median: 117 €20232024 Company: -252 753 € Industry median: 0 €20242025 Company: 1 638 159 € Industry median: 275 €2025-1 00001 0002 0003 0002018 Company: — Industry median: —2019 Company: 2 675 600 € Industry median: 363 €20192020 Company: 1 336 734 € Industry median: 111 €2021 Company: 2 709 623 € Industry median: 286 €20212022 Company: 225 736 € Industry median: 0 €2023 Company: 1 313 943 € Industry median: 117 €20232024 Company: -252 753 € Industry median: 0 €2025 Company: 1 638 159 € Industry median: 275 €2025
  • Company
  • Industry median

Industry: Sewerage (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 29.0 % · +34.8 pp vs the year before · industry median 1.8 % · above 87% of the industry
-200204060801002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 91.8 % Industry median: 3.4 %20192020 Company: 49.3 % Industry median: 3.4 %20202021 Company: 94.0 % Industry median: 3.3 %20212022 Company: 6.7 % Industry median: 0.4 %20222023 Company: 34.4 % Industry median: 1.8 %20232024 Company: -5.7 % Industry median: -1.7 %20242025 Company: 29.0 % Industry median: 1.8 %2025-200204060801002018 Company: — Industry median: —2019 Company: 91.8 % Industry median: 3.4 %20192020 Company: 49.3 % Industry median: 3.4 %2021 Company: 94.0 % Industry median: 3.3 %20212022 Company: 6.7 % Industry median: 0.4 %2023 Company: 34.4 % Industry median: 1.8 %20232024 Company: -5.7 % Industry median: -1.7 %2025 Company: 29.0 % Industry median: 1.8 %2025
  • Company
  • Industry median

Industry: Sewerage (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 66 746 543 € · +9.7% vs 2024
020 00040 00060 00080 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 48 250 515 €20192020 Company: 50 025 622 €20202021 Company: 54 499 756 €20212022 Company: 55 623 549 €20222023 Company: 57 546 767 €20232024 Company: 60 871 905 €20242025 Company: 66 746 543 €2025020 00040 00060 00080 0002018 Company: —2019 Company: 48 250 515 €20192020 Company: 50 025 622 €2021 Company: 54 499 756 €20212022 Company: 55 623 549 €2023 Company: 57 546 767 €20232024 Company: 60 871 905 €2025 Company: 66 746 543 €2025
Equity, € thousand 2025: 63 233 054 € · +9.4% vs 2024
020 00040 00060 00080 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 46 022 923 €20192020 Company: 47 880 798 €20202021 Company: 52 334 617 €20212022 Company: 52 777 650 €20222023 Company: 55 365 017 €20232024 Company: 57 819 414 €20242025 Company: 63 233 054 €2025020 00040 00060 00080 0002018 Company: —2019 Company: 46 022 923 €20192020 Company: 47 880 798 €2021 Company: 52 334 617 €20212022 Company: 52 777 650 €2023 Company: 55 365 017 €20232024 Company: 57 819 414 €2025 Company: 63 233 054 €2025
Employees 2025: 42 · +5.0% vs 2024 · industry median 6 · above 92% of the industry
010203040502016 Company: 24 Industry median: —20162017 Company: 27 Industry median: —20172018 Company: 27 Industry median: 620182019 Company: 31 Industry median: 5.520192020 Company: 31 Industry median: 620202021 Company: 33 Industry median: 520212022 Company: 33 Industry median: 620222023 Company: 38 Industry median: 620232024 Company: 40 Industry median: 620242025 Company: 42 Industry median: 62025010203040502018 Company: 27 Industry median: 62019 Company: 31 Industry median: 5.520192020 Company: 31 Industry median: 62021 Company: 33 Industry median: 520212022 Company: 33 Industry median: 62023 Company: 38 Industry median: 620232024 Company: 40 Industry median: 62025 Company: 42 Industry median: 62025
  • Company
  • Industry median

Industry: Sewerage (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 5 639 696 1 638 159 1 584 474 66 746 543 63 233 054 42
2024 4 399 041 -252 753 1 377 309 60 871 905 57 819 414 40
2023 3 823 744 1 313 943 1 184 792 57 546 767 55 365 017 38
2022 3 390 468 225 736 910 164 55 623 549 52 777 650 33
2021 2 881 284 2 709 623 881 314 54 499 756 52 334 617 33
2020 2 711 230 1 336 734 858 231 50 025 622 47 880 798 31
2019 2 916 006 2 675 600 782 664 48 250 515 46 022 923 31
2018 — — — — — 27
2017 — — — — — 27
2016 — — — — — 24
2015 — — — — — 23
2014 — — — — — 23
2013 — — — — — 23
2012 — — — — — 23
2011 — — — — — 24
2010 — — — — — 22
2009 — — — — — 22
2008 — — — — — 17
2007 — — — — — 3
2006 — — — — — 3
2005 — — — — — 1

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
29.0 %
Net profit / revenue
Return on equity (ROE)
2.6 %
Net profit / equity
Return on assets (ROA)
2.5 %
Net profit / assets
Equity ratio
94.7 %
Equity / assets
Debt ratio
5.3 %
Liabilities / assets
Current ratio
0.66
Current assets / current liabilities
Revenue per employee
134 278 €
Revenue / average full-time employees
Labour cost per employee per month
3 144 €
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 12 May 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 15 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 13 May 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 5 May 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 7 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 10 Jun 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 22 Jun 2020 Company’s own · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Andres Aruhein
    Board member · since 1 Jul 2022

Right of representation

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

Owners

No owner information.

Beneficial owners

  • Sven Tarto
    Member of a senior management body (management or supervisory board) · since 26 Oct 2026
  • Andres Aruhein
    Member of a senior management body (management or supervisory board) · since 19 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 37001Sewerage and wastewater management Main
  • 36001Water collection, treatment and supply
  • 96999Other personal service activities n.e.c.
Rulings
Number, date Title Deadline State Document
Ä 20027178 / 36
1 Oct 2026
Amendment entry In force
1 Oct 2026
PDF
Ä 20027178 / 35
6 Apr 2026
Amendment entry In force
6 Apr 2026
PDF
Ä 20027178 / 34
22 Oct 2025
Amendment entry In force
22 Oct 2025
PDF
Ä 20027178 / 33
4 Apr 2025
Third (informative) division entry In force
4 Apr 2025
PDF
Ä 20027178 / 32
4 Apr 2025
First (declaratory) division entry In force
4 Apr 2025
PDF
Ä 20027178 / M18
26 Mar 2025
Ruling to eliminate deficiencies 10 Apr 2025 Deficiencies eliminated
4 Apr 2025
PDF
Ä 20027178 / 31
17 Mar 2025
Third (informative) division entry In force
17 Mar 2025
PDF
Ä 20027178 / 30
17 Mar 2025
First (declaratory) division entry In force
17 Mar 2025
PDF
Ä 20027178 / 29
20 Jan 2025
Amendment entry In force
20 Jan 2025
PDF
Ä 20027178 / M17
9 Jan 2025
Ruling to eliminate deficiencies 31 Jan 2025 Deficiencies eliminated
20 Jan 2025
PDF
Ä 20027178 / 28
26 Aug 2024
Amendment entry In force
26 Aug 2024
PDF
Ä 20027178 / 27
14 May 2024
Amendment under Code of Civil Procedure § 595¹ (1) In force
14 May 2024
PDF
Ä 20027178 / 26
15 Dec 2023
Amendment entry In force
15 Dec 2023
PDF
Ä 20027178 / 25
19 Jun 2023
Amendment entry In force
19 Jun 2023
PDF
Ä 20027178 / M16
9 May 2023
Ruling to correct data outside an entry 23 May 2023 In force
9 May 2023
PDF
Ä 20027178 / 24
1 Jul 2022
Amendment entry In force
1 Jul 2022
PDF
Ä 20027178 / 23
30 Jun 2022
Amendment entry In force
30 Jun 2022
PDF
Ä 20027178 / 22
22 Dec 2021
Amendment entry In force
22 Dec 2021
PDF
Ä 20027178 / 21
2 Jul 2021
Amendment entry In force
2 Jul 2021
PDF
Ä 20027178 / 20
30 Dec 2020
Amendment entry In force
30 Dec 2020
PDF
Ä 20027178 / 19
5 Aug 2020
Amendment entry In force
5 Aug 2020
PDF
Ä 20027178 / M15
3 Jul 2020
Ruling to eliminate deficiencies 17 Aug 2020 Deficiencies eliminated
5 Aug 2020
PDF
Ä 20027178 / 18
3 Jan 2020
Amendment entry In force
3 Jan 2020
PDF
Ä 20027178 / M14
15 Aug 2019
Ruling to correct data outside an entry 14 Sep 2019 In force
15 Aug 2019
PDF
Ä 20027178 / 17
4 Jun 2019
Amendment entry In force
4 Jun 2019
PDF
Ä 20027178 / M13
28 May 2019
Procedural ruling 7 Jun 2019 Deficiencies eliminated
29 May 2019
PDF
Ä 20027178 / 16
29 Oct 2018
Amendment entry In force
29 Oct 2018
PDF
Ä 20027178 / M12
4 May 2018
Ruling to correct data outside an entry 3 Jun 2018 Deficiencies eliminated
8 May 2018
PDF
Ä 20027178 / M11
27 Mar 2018
Ruling to correct data outside an entry 11 Apr 2018 Deficiencies eliminated
3 Apr 2018
PDF
Ä 20027178 / M10
2 Mar 2018
Procedural ruling In force
2 Mar 2018
PDF
Ä 20027178 / 15
18 Jan 2018
Amendment entry In force
18 Jan 2018
PDF
Ä 20027178 / 14
22 Dec 2017
Amendment entry In force
22 Dec 2017
PDF
Ä 20027178 / 13
3 Dec 2017
Amendment entry In force
3 Dec 2017
PDF
Ä 20027178 / 12
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 20027178 / 11
8 Sep 2017
Amendment entry In force
8 Sep 2017
PDF
Ä 20027178 / 10
17 Mar 2017
Amendment entry In force
17 Mar 2017
PDF
Ä 20027178 / M9
10 Mar 2017
Ruling to eliminate deficiencies 9 Apr 2017 Deficiencies eliminated
13 Mar 2017
PDF
Ä 20027178 / M8
27 Sep 2016
Ruling to correct data outside an entry 9 Oct 2016 In force
27 Sep 2016
PDF
Ä 20027178 / M7
22 Sep 2016
Ruling to correct data outside an entry 29 Sep 2016 In force
22 Sep 2016
PDF
Ä 20027178 / M6
2 Mar 2015
Ruling to correct data outside an entry 1 Apr 2015 Deficiencies eliminated
4 Mar 2015
PDF
Ä 20027178 / 9
8 Aug 2012
Amendment entry In force
8 Aug 2012
PDF
Ä 20027178 / M5
1 Aug 2012
Ruling to eliminate deficiencies 20 Aug 2012 In force
1 Aug 2012
PDF
Ä 20027178 / M4
3 Nov 2010
Refund of the state fee In force
3 Nov 2010
PDF
Ä 20027178 / 8
2 Nov 2010
Amendment entry In force
2 Nov 2010
PDF
Ä 20027178 / M3
1 Nov 2010
Ruling to eliminate deficiencies 20 Nov 2010 In force
1 Nov 2010
PDF
Ä 20027178 / M2
24 Sep 2010
Ruling to be served 7 Oct 2010 Deficiencies eliminated
5 Oct 2010
PDF
Ä 20027178 / 7
25 Feb 2010
Amendment entry In force
25 Feb 2010
PDF
Ä 27178 / 6
3 Dec 2008
Deletion of activities from the registry card In force
22 Dec 2008
PDF
Ä 27178 / 5
15 Sep 2008
Second (constitutive) merger entry In force
16 Sep 2008
PDF
Ä 27178 / 4
27 Jun 2008
Amendment entry In force
27 Jun 2008
PDF
Ä 27178 / 3
28 Aug 2006
Amendment entry In force
28 Aug 2006
PDF
Ä 27178 / M1
24 Jul 2006
Ruling to eliminate deficiencies (to be served) 25 Sep 2006 In force
26 Jul 2006
PDF
Ä 27178 / 2
2 Mar 2005
Amendment entry In force PDF
Ä 27178
12 Jul 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