Aktsiaselts ECE European City Estates
Active Registry code 11059628
AS Tallinn Registered 11 Aug 2004
Aktsiaselts ECE European City Estates is a AS based in Tallinn, registry code 11059628, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €331 371 with 1 employees.
Turnover
331 371 €
↓ 10.3% vs Q2 2026
State taxes
63 420 €
↓ 10.4% vs Q2 2026
Labour taxes
15 360 €
↑ 4.3% vs Q2 2026
Employees
1
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 331 371 €above 93% of companiesindustry median 15 030 € · companies in the industry: 7 443
- Labour taxes per employee 15 360 €above 98% of companiesindustry median 857 € · companies in the industry: 7 261
- Revenue · 2025 1.4 mn €above 98% of companiesindustry median 13 620 € · companies in the industry: 30 471
- Net profit margin · 2025 -12.2 %above 15% of companiesindustry median 5.9 % · companies in the industry: 25 043
Taxes and turnover
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 331 371 | 63 420 | 15 360 | 1 |
| Q2 2026 | 369 588 | 70 815 | 14 722 | 1 |
| Q1 2026 | 335 368 | 74 048 | 14 253 | — |
| Q4 2025 | 430 963 | 96 274 | 14 253 | — |
| Q3 2025 | 324 852 | 70 349 | 14 253 | — |
| Q2 2025 | 345 525 | 66 004 | 13 801 | — |
| Q1 2025 | 362 339 | 56 723 | 4 525 | — |
| Q4 2024 | 359 957 | 46 671 | — | — |
| Q3 2024 | 405 423 | 40 037 | — | — |
| Q2 2024 | 349 048 | 59 343 | — | — |
| Q1 2024 | 381 812 | 46 980 | — | — |
| Q4 2023 | 363 562 | 24 815 | — | — |
| Q3 2023 | 331 216 | 36 014 | — | — |
| Q2 2023 | 358 096 | 37 317 | — | — |
| Q1 2023 | 369 741 | 39 326 | — | — |
| Q4 2022 | 273 963 | 38 620 | — | — |
| Q3 2022 | 189 352 | 21 796 | — | — |
| Q2 2022 | 202 380 | 19 728 | — | — |
| Q1 2022 | 211 233 | 32 524 | — | — |
Labour taxes per employee per month
5 120 €
Turnover per employee in the quarter
331 371 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 1 441 857 | -176 096 | 132 468 | 13 433 215 | 3 290 441 | 1 |
| 2024 | 1 401 447 | 1 016 957 | 0 | 23 836 431 | 14 382 770 | 0 |
| 2023 | 1 421 214 | -523 835 | 0 | 22 199 634 | 13 365 813 | 0 |
| 2022 | 888 112 | -20 729 | 0 | 22 673 559 | 13 889 648 | 0 |
| 2021 | 877 158 | -122 907 | 0 | 22 770 564 | 13 910 377 | 0 |
| 2020 | 1 025 721 | 334 818 | 0 | 23 130 156 | 14 033 284 | 0 |
| 2019 | 1 283 793 | 951 112 | 0 | 23 608 827 | 13 698 466 | 0 |
| 2018 | — | — | — | — | — | 0 |
| 2017 | — | — | — | — | — | 0 |
| 2016 | — | — | — | — | — | 0 |
| 2015 | — | — | — | — | — | 0 |
| 2014 | — | — | — | — | — | 0 |
| 2013 | — | — | — | — | — | 0 |
| 2012 | — | — | — | — | — | 0 |
| 2011 | — | — | — | — | — | 0 |
| 2010 | — | — | — | — | — | 0 |
| 2009 | — | — | — | — | — | 0 |
| 2008 | — | — | — | — | — | 1 |
| 2007 | — | — | — | — | — | 1 |
| 2006 | — | — | — | — | — | 1 |
| 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
-12.2 %
Net profit / revenue
Return on equity (ROE)
-5.4 %
Net profit / equity
Return on assets (ROA)
-1.3 %
Net profit / assets
Equity ratio
24.5 %
Equity / assets
Debt ratio
75.5 %
Liabilities / assets
Current ratio
0.11
Current assets / current liabilities
Revenue per employee
1 441 857 €
Revenue / average full-time employees
Labour cost per employee per month
11 039 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 24 Jun 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 19 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 20 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 | 28 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 | 9 Jul 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Toomas LumanBoard member · since 29 Aug 2017
- Andre LumanBoard member · since 21 Oct 2019
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Beneficial owners
- Egon MatsIndirect ownership · since 31 Oct 2018
- Liivi LumanIndirect ownership · since 31 Oct 2018
- Toomas LumanIndirect ownership · since 29 Oct 2018
Founders and other persons
- ECE European City Estates AGFounder · 1 000 000 € · 11 Aug 2004
- Merike VeiberAudit firm · 11 Aug 2004
- Andris JegersAudit firm · 4 May 2010
- KPMG Baltics OÜAudit firm · 19 May 2011
- Andri HõbemägiChairman of the supervisory board · 28 Oct 2025
- Jan LumanSupervisory board member · 20 Jul 2022
- Vello KahroSupervisory board member · 27 Dec 2022
- Omanikukonto: AS NORDIC CONTRACTORSShareholder · 63 900 € · 30 Oct 2025
Related companies
Activities (EMTAK)
- 68201Rental and operating of own or leased real estate Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10081422 / M8 14 Jan 2026 |
Ruling to eliminate deficiencies | 13 Feb 2026 | Deficiencies eliminated 14 Jan 2026 |
|
| Ä 10081422 / 17 14 Jan 2026 |
Second (constitutive) merger entry | In force 14 Jan 2026 |
||
| Ä 10081422 / 16 20 Oct 2025 |
Amendment entry | In force 20 Oct 2025 |
||
| Ä 10081422 / 15 21 Oct 2019 |
Amendment entry | In force 21 Oct 2019 |
||
| Ä 10081422 / M7 10 Oct 2019 |
Ruling to eliminate deficiencies | 9 Nov 2019 | Deficiencies eliminated 21 Oct 2019 |
|
| Ä 10081422 / M6 9 Oct 2019 |
Ruling to eliminate deficiencies | 8 Nov 2019 | Deficiencies eliminated 21 Oct 2019 |
|
| Ä 10081422 / M5 13 Jun 2018 |
Ruling to correct data outside an entry | 3 Jul 2018 | Deficiencies eliminated 18 Jun 2018 |
|
| Ä 10081422 / 14 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10081422 / 13 8 Nov 2017 |
Amendment entry | In force 8 Nov 2017 |
||
| Ä 10081422 / 12 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10081422 / 11 29 Aug 2017 |
Amendment entry | In force 29 Aug 2017 |
||
| Ä 10081422 / M4 28 Aug 2017 |
Ruling to eliminate deficiencies | 12 Sep 2017 | Deficiencies eliminated 29 Aug 2017 |
|
| Ä 10081422 / 10 16 Sep 2016 |
Amendment entry | In force 16 Sep 2016 |
||
| Ä 10081422 / M3 21 Apr 2014 |
Ruling to correct data outside an entry | 21 May 2014 | Deficiencies eliminated 28 Apr 2014 |
|
| Ä 81422 / 9 11 Jan 2010 |
Amendment under Commercial Code § 525 (2) | In force 11 Jan 2010 |
||
| Ä 81422 / 8 19 Feb 2009 |
Amendment entry | In force 19 Feb 2009 |
||
| Ä 81422 / 7 12 Dec 2008 |
Amendment entry | In force 12 Dec 2008 |
||
| Ä 81422 / 6 3 Dec 2008 |
Deletion of activities from the registry card | In force 4 Dec 2008 |
||
| Ä 81422 / 5 28 Apr 2008 |
Amendment entry | In force 28 Apr 2008 |
||
| Ä 81422 / 4 12 Sep 2005 |
Amendment entry | In force | ||
| Ä 81422 / 3 10 May 2005 |
Second (constitutive) merger entry | In force | ||
| Ä 81422 / 2 25 Feb 2005 |
Amendment entry | In force | ||
| Ä 81422 11 Aug 2004 |
First entry | In force | ||
| Ä 81422 / M2 2 Aug 2004 |
Ruling to eliminate deficiencies (to be served) | 2 Sep 2004 | In force | |
| Ä 81422 / M1 9 Jul 2004 |
Ruling to eliminate deficiencies (to be served) | 20 Aug 2004 | In force |
Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data