Aktsiaselts Tallinna Arendused

Active Registry code 11066456 AS Tallinn Registered 3 Sep 2004
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Aktsiaselts Tallinna Arendused is a AS based in Tallinn, registry code 11066456, status: active. Main activity: Other real estate management or related activities. According to EMTA, turnover for Q3 2026 was €753 289 with 9 employees.

Turnover
753 289 €
↑ 7.1% vs Q2 2026
State taxes
188 541 €
↑ 39.4% vs Q2 2026
Labour taxes
80 867 €
↑ 40.8% vs Q2 2026
Employees
9
−2 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 753 289 €
    industry median 15 028 € · companies in the industry: 7 443
  • Labour taxes per employee 8 985 €
    industry median 856 € · companies in the industry: 7 260
  • Revenue · 2025 3 mn €
    industry median 13 619 € · companies in the industry: 30 472
  • Net profit margin · 2025 17.8 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 753 289 € · +7.1% vs Q2 2026 · industry median 15 028 € · above 98% of the industry
0200400600800Q4 2023 Company: 415 878 € Industry median: 14 853 €Q4·23Q1 2024 Company: 440 582 € Industry median: 15 023 €Q2 2024 Company: 381 611 € Industry median: 14 039 €Q2·24Q3 2024 Company: 374 919 € Industry median: 14 422 €Q4 2024 Company: 412 629 € Industry median: 14 599 €Q4·24Q1 2025 Company: 660 955 € Industry median: 14 665 €Q2 2025 Company: 703 035 € Industry median: 14 301 €Q2·25Q3 2025 Company: 721 032 € Industry median: 14 271 €Q4 2025 Company: 714 785 € Industry median: 14 463 €Q4·25Q1 2026 Company: 782 008 € Industry median: 14 733 €Q2 2026 Company: 703 275 € Industry median: 14 595 €Q2·26Q3 2026 Company: 753 289 € Industry median: 15 028 €Q3·260200400600800Q4 2024 Company: 412 629 € Industry median: 14 599 €Q1 2025 Company: 660 955 € Industry median: 14 665 €Q1·25Q2 2025 Company: 703 035 € Industry median: 14 301 €Q3 2025 Company: 721 032 € Industry median: 14 271 €Q3·25Q4 2025 Company: 714 785 € Industry median: 14 463 €Q1 2026 Company: 782 008 € Industry median: 14 733 €Q1·26Q2 2026 Company: 703 275 € Industry median: 14 595 €Q3 2026 Company: 753 289 € Industry median: 15 028 €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: 8 985 € · +72.1% vs Q2 2026 · industry median 856 € · above 98% of the industry
02 0004 0006 0008 00010 000Q4 2023 Company: 2 282 € Industry median: 671 €Q4·23Q1 2024 Company: 2 207 € Industry median: 694 €Q2 2024 Company: 3 287 € Industry median: 712 €Q2·24Q3 2024 Company: 1 476 € Industry median: 728 €Q4 2024 Company: 1 729 € Industry median: 727 €Q4·24Q1 2025 Company: 2 787 € Industry median: 780 €Q2 2025 Company: 7 236 € Industry median: 771 €Q2·25Q3 2025 Company: 7 847 € Industry median: 812 €Q4 2025 Company: 6 945 € Industry median: 812 €Q4·25Q1 2026 Company: 6 326 € Industry median: 818 €Q2 2026 Company: 5 222 € Industry median: 828 €Q2·26Q3 2026 Company: 8 985 € Industry median: 856 €Q3·2602 0004 0006 0008 00010 000Q4 2024 Company: 1 729 € Industry median: 727 €Q1 2025 Company: 2 787 € Industry median: 780 €Q1·25Q2 2025 Company: 7 236 € Industry median: 771 €Q3 2025 Company: 7 847 € Industry median: 812 €Q3·25Q4 2025 Company: 6 945 € Industry median: 812 €Q1 2026 Company: 6 326 € Industry median: 818 €Q1·26Q2 2026 Company: 5 222 € Industry median: 828 €Q3 2026 Company: 8 985 € Industry median: 856 €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: 9 · −18.2% vs Q2 2026
0510152025Q4 2023 Company: 21Q4·23Q1 2024 Company: 22Q2 2024 Company: 21Q2·24Q3 2024 Company: 22Q4 2024 Company: 23Q4·24Q1 2025 Company: 20Q2 2025 Company: 12Q2·25Q3 2025 Company: 10Q4 2025 Company: 9Q4·25Q1 2026 Company: 10Q2 2026 Company: 11Q2·26Q3 2026 Company: 9Q3·260510152025Q4 2024 Company: 23Q1 2025 Company: 20Q1·25Q2 2025 Company: 12Q3 2025 Company: 10Q3·25Q4 2025 Company: 9Q1 2026 Company: 10Q1·26Q2 2026 Company: 11Q3 2026 Company: 9Q3·26
State taxes, € thousand Q3 2026: 188 541 € · +39.4% vs Q2 2026
0100200300Q4 2023 Company: 85 089 €Q4·23Q1 2024 Company: 50 206 €Q2 2024 Company: 86 473 €Q2·24Q3 2024 Company: 73 125 €Q4 2024 Company: 88 420 €Q4·24Q1 2025 Company: 128 804 €Q2 2025 Company: 156 492 €Q2·25Q3 2025 Company: 162 719 €Q4 2025 Company: 171 835 €Q4·25Q1 2026 Company: 258 851 €Q2 2026 Company: 135 229 €Q2·26Q3 2026 Company: 188 541 €Q3·260100200300Q4 2024 Company: 88 420 €Q1 2025 Company: 128 804 €Q1·25Q2 2025 Company: 156 492 €Q3 2025 Company: 162 719 €Q3·25Q4 2025 Company: 171 835 €Q1 2026 Company: 258 851 €Q1·26Q2 2026 Company: 135 229 €Q3 2026 Company: 188 541 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 753 289 188 541 80 867 9
Q2 2026 703 275 135 229 57 437 11
Q1 2026 782 008 258 851 63 264 10
Q4 2025 714 785 171 835 62 501 9
Q3 2025 721 032 162 719 78 466 10
Q2 2025 703 035 156 492 86 833 12
Q1 2025 660 955 128 804 55 738 20
Q4 2024 412 629 88 420 39 759 23
Q3 2024 374 919 73 125 32 466 22
Q2 2024 381 611 86 473 69 024 21
Q1 2024 440 582 50 206 48 557 22
Q4 2023 415 878 85 089 47 919 21
Q3 2023 359 005 55 982 38 755 22
Q2 2023 379 978 59 364 29 510 23
Q1 2023 504 031 80 632 25 848 21
Q4 2022 366 411 58 894 23 366 15
Q3 2022 341 557 45 163 24 275 14
Q2 2022 330 538 50 103 27 603 13
Q1 2022 373 659 70 716 26 756 12
Labour taxes per employee per month
2 995 €
Turnover per employee in the quarter
83 699 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 3 024 219 € · +72.2% vs 2024 · industry median 13 619 € · above 98% of the industry
01 0002 0003 0004 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 581 130 € Industry median: 10 797 €20192020 Company: 1 268 175 € Industry median: 10 580 €20202021 Company: 1 272 334 € Industry median: 11 158 €20212022 Company: 1 559 419 € Industry median: 11 784 €20222023 Company: 1 755 264 € Industry median: 12 218 €20232024 Company: 1 755 757 € Industry median: 12 852 €20242025 Company: 3 024 219 € Industry median: 13 619 €202501 0002 0003 0004 0002018 Company: — Industry median: —2019 Company: 1 581 130 € Industry median: 10 797 €20192020 Company: 1 268 175 € Industry median: 10 580 €2021 Company: 1 272 334 € Industry median: 11 158 €20212022 Company: 1 559 419 € Industry median: 11 784 €2023 Company: 1 755 264 € Industry median: 12 218 €20232024 Company: 1 755 757 € Industry median: 12 852 €2025 Company: 3 024 219 € Industry median: 13 619 €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: 537 059 € · +5.6% vs 2024 · industry median 283 € · above 98% of the industry
02004006008002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 376 044 € Industry median: 205 €20192020 Company: 322 811 € Industry median: 175 €20202021 Company: 398 866 € Industry median: 249 €20212022 Company: 230 218 € Industry median: 161 €20222023 Company: 757 783 € Industry median: 154 €20232024 Company: 508 395 € Industry median: 256 €20242025 Company: 537 059 € Industry median: 283 €202502004006008002018 Company: — Industry median: —2019 Company: 376 044 € Industry median: 205 €20192020 Company: 322 811 € Industry median: 175 €2021 Company: 398 866 € Industry median: 249 €20212022 Company: 230 218 € Industry median: 161 €2023 Company: 757 783 € Industry median: 154 €20232024 Company: 508 395 € Industry median: 256 €2025 Company: 537 059 € 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: 17.8 % · −11.2 pp vs the year before · industry median 5.9 % · above 62% of the industry
010203040502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 23.8 % Industry median: 5.7 %20192020 Company: 25.5 % Industry median: 5.6 %20202021 Company: 31.3 % Industry median: 7.4 %20212022 Company: 14.8 % Industry median: 5.9 %20222023 Company: 43.2 % Industry median: 5.2 %20232024 Company: 29.0 % Industry median: 6.0 %20242025 Company: 17.8 % Industry median: 5.9 %2025010203040502018 Company: — Industry median: —2019 Company: 23.8 % Industry median: 5.7 %20192020 Company: 25.5 % Industry median: 5.6 %2021 Company: 31.3 % Industry median: 7.4 %20212022 Company: 14.8 % Industry median: 5.9 %2023 Company: 43.2 % Industry median: 5.2 %20232024 Company: 29.0 % Industry median: 6.0 %2025 Company: 17.8 % 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: 22 571 263 € · +133.9% vs 2024
05 00010 00015 00020 00025 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 7 234 450 €20192020 Company: 7 537 740 €20202021 Company: 7 960 184 €20212022 Company: 8 214 945 €20222023 Company: 9 260 785 €20232024 Company: 9 651 830 €20242025 Company: 22 571 263 €202505 00010 00015 00020 00025 0002018 Company: —2019 Company: 7 234 450 €20192020 Company: 7 537 740 €2021 Company: 7 960 184 €20212022 Company: 8 214 945 €2023 Company: 9 260 785 €20232024 Company: 9 651 830 €2025 Company: 22 571 263 €2025
Equity, € thousand 2025: 22 099 179 € · +133.6% vs 2024
05 00010 00015 00020 00025 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 7 083 633 €20192020 Company: 7 406 444 €20202021 Company: 7 805 310 €20212022 Company: 8 052 527 €20222023 Company: 8 953 705 €20232024 Company: 9 462 100 €20242025 Company: 22 099 179 €202505 00010 00015 00020 00025 0002018 Company: —2019 Company: 7 083 633 €20192020 Company: 7 406 444 €2021 Company: 7 805 310 €20212022 Company: 8 052 527 €2023 Company: 8 953 705 €20232024 Company: 9 462 100 €2025 Company: 22 099 179 €2025
Employees 2025: 13 · +62.5% vs 2024 · industry median 1 · above 98% of the industry
0510152016 Company: 1 Industry median: —20162017 Company: 1 Industry median: —20172018 Company: 2 Industry median: 120182019 Company: 2 Industry median: 120192020 Company: 3 Industry median: 120202021 Company: 3 Industry median: 120212022 Company: 3 Industry median: 120222023 Company: 5 Industry median: 120232024 Company: 8 Industry median: 120242025 Company: 13 Industry median: 120250510152018 Company: 2 Industry median: 12019 Company: 2 Industry median: 120192020 Company: 3 Industry median: 12021 Company: 3 Industry median: 120212022 Company: 3 Industry median: 12023 Company: 5 Industry median: 120232024 Company: 8 Industry median: 12025 Company: 13 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 3 024 219 537 059 682 197 22 571 263 22 099 179 13
2024 1 755 757 508 395 456 244 9 651 830 9 462 100 8
2023 1 755 264 757 783 401 823 9 260 785 8 953 705 5
2022 1 559 419 230 218 246 911 8 214 945 8 052 527 3
2021 1 272 334 398 866 244 376 7 960 184 7 805 310 3
2020 1 268 175 322 811 233 810 7 537 740 7 406 444 3
2019 1 581 130 376 044 265 402 7 234 450 7 083 633 2
2018 — — — — — 2
2017 — — — — — 1
2016 — — — — — 1
2015 — — — — — 2
2014 — — — — — 2
2013 — — — — — 2
2012 — — — — — 2
2011 — — — — — 2
2010 — — — — — 2
2009 — — — — — 2
2008 — — — — — 2
2007 — — — — — 2
2006 — — — — — 2
2005 — — — — — 2

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
17.8 %
Net profit / revenue
Return on equity (ROE)
2.4 %
Net profit / equity
Return on assets (ROA)
2.4 %
Net profit / assets
Equity ratio
97.9 %
Equity / assets
Debt ratio
2.1 %
Liabilities / assets
Current ratio
12.22
Current assets / current liabilities
Revenue per employee
232 632 €
Revenue / average full-time employees
Labour cost per employee per month
4 373 €
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 21 May 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 22 May 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 3 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 11 Mar 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 16 Mar 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 27 Apr 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 20 Apr 2020 Company’s own · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Rainer Aavik
    Board member · since 14 Aug 2024

Right of representation

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

Owners

No owner information.

Beneficial owners

  • Andrei Kante
    Right to appoint or remove most of the management · since 10 Dec 2025
  • Joel Jesse
    Right to appoint or remove most of the management · since 10 Dec 2025
  • Monika Haukanõmm
    Right to appoint or remove most of the management · since 10 Dec 2025
  • Peeter Raudsepp
    Right to appoint or remove most of the management · since 10 Dec 2025
  • Riina Solman
    Right to appoint or remove most of the management · since 10 Dec 2025
  • Tiit Terik
    Right to appoint or remove most of the management · since 10 Dec 2025
  • Kristjan Järvan
    Right to appoint or remove most of the management · since 16 Apr 2024

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68329Other real estate management or related activities Main
Rulings
Number, date Title Deadline State Document
Ä 10082720 / 32
27 Aug 2026
Amendment entry In force
27 Aug 2026
PDF
Ä 10082720 / M19
25 Aug 2026
Ruling to eliminate deficiencies 24 Sep 2026 Deficiencies eliminated
27 Aug 2026
PDF
Ä 10082720 / M18
16 Dec 2025
Ruling to correct data outside an entry 30 Dec 2025 Deficiencies eliminated
29 Dec 2025
PDF
Ä 10082720 / 31
24 Jan 2025
Amendment entry In force
24 Jan 2025
PDF
Ä 10082720 / M17
10 Jan 2025
Ruling to eliminate deficiencies 9 Feb 2025 Deficiencies eliminated
24 Jan 2025
PDF
Ä 10082720 / 30
10 Jan 2025
Amendment entry In force
10 Jan 2025
PDF
Ä 10082720 / 29
17 Sep 2024
Amendment entry In force
17 Sep 2024
PDF
Ä 10082720 / 28
14 Aug 2024
Amendment entry In force
14 Aug 2024
PDF
Ä 10082720 / 27
4 Jul 2024
Amendment entry In force
4 Jul 2024
PDF
Ä 10082720 / 26
20 Jun 2024
Amendment entry In force
20 Jun 2024
PDF
Ä 10082720 / 25
16 May 2024
Amendment entry In force
16 May 2024
PDF
Ä 10082720 / M16
22 Apr 2024
Ruling to correct data outside an entry 6 May 2024 Deficiencies eliminated
22 Apr 2024
PDF
Ä 10082720 / 24
26 Jun 2023
Second (constitutive) merger entry In force
26 Jun 2023
PDF
Ä 10082720 / 23
9 May 2023
Amendment entry In force
9 May 2023
PDF
Ä 10082720 / M15
2 Jun 2022
Ruling to correct data outside an entry 2 Jul 2022 Deficiencies eliminated
8 Jun 2022
PDF
Ä 10082720 / 22
8 Feb 2021
Amendment entry In force
8 Feb 2021
PDF
Ä 10082720 / 21
28 Dec 2020
Amendment entry In force
28 Dec 2020
PDF
Ä 10082720 / 20
15 Apr 2019
Amendment entry In force
15 Apr 2019
PDF
Ä 10082720 / M14
9 Apr 2019
Ruling to eliminate deficiencies 9 May 2019 Deficiencies eliminated
15 Apr 2019
PDF
Ä 10082720 / 19
9 May 2018
Amendment under Commercial Code § 525 (2) In force
9 May 2018
PDF
Ä 10082720 / 18
5 Apr 2018
Amendment entry In force
5 Apr 2018
PDF
Ä 10082720 / M13
2 Apr 2018
Ruling to eliminate deficiencies 22 Apr 2018 Deficiencies eliminated
5 Apr 2018
PDF
Ä 10082720 / 17
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10082720 / 16
8 Nov 2017
Amendment entry In force
8 Nov 2017
PDF
Ä 10082720 / 15
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10082720 / 14
15 Sep 2016
Amendment entry In force
15 Sep 2016
PDF
Ä 10082720 / M12
2 May 2016
Ruling to correct data outside an entry 9 May 2016 Deficiencies eliminated
3 May 2016
PDF
Ä 10082720 / 13
6 Jan 2016
Amendment entry In force
6 Jan 2016
PDF
Ä 10082720 / M11
5 Jan 2016
Ruling to eliminate deficiencies 4 Feb 2016 Deficiencies eliminated
5 Jan 2016
PDF
Ä 10082720 / M10
3 Dec 2015
Ruling to eliminate deficiencies 2 Jan 2016 Deficiencies eliminated
5 Jan 2016
PDF
Ä 10082720 / M9
11 Dec 2014
Ruling to correct data outside an entry 10 Jan 2015 Deficiencies eliminated
7 Jan 2015
PDF
Ä 10082720 / M8
26 Nov 2014
Ruling to correct data outside an entry 26 Dec 2014 Deficiencies eliminated
7 Jan 2015
PDF
Ä 10082720 / 12
30 Jul 2013
Amendment entry In force
30 Jul 2013
PDF
Ä 10082720 / M7
29 Jul 2013
Ruling to eliminate deficiencies 28 Aug 2013 Deficiencies eliminated
30 Jul 2013
PDF
Ä 10082720 / 11
24 Jul 2013
Entry refused In force
8 Aug 2013
PDF
Ä 10082720 / M6
9 Apr 2013
Ruling to correct data outside an entry 9 May 2013 Deficiencies eliminated
10 Apr 2013
PDF
Ä 10082720 / 10
26 Apr 2011
Amendment entry In force
26 Apr 2011
PDF
Ä 10082720 / M5
25 Apr 2011
Ruling to eliminate deficiencies 15 Jun 2011 In force
25 Apr 2011
PDF
Ä 10082720 / 9
9 Feb 2011
Amendment entry In force
9 Feb 2011
PDF
Ä 10082720 / M4
7 Feb 2011
Ruling to eliminate deficiencies 7 Mar 2011 In force
7 Feb 2011
PDF
Ä 82720 / 8
8 May 2009
Amendment entry In force
8 May 2009
PDF
Ä 82720 / 7
3 Apr 2009
Amendment entry In force
3 Apr 2009
PDF
Ä 82720 / 6
3 Dec 2008
Deletion of activities from the registry card In force
3 Dec 2008
PDF
Ä 82720 / 5
26 May 2008
Amendment entry In force
26 May 2008
PDF
Ä 82720 / 4
28 Aug 2007
Amendment entry In force
28 Aug 2007
PDF
Ä 82720 / M3
18 Jul 2007
Ruling to eliminate deficiencies (to be served) Deficiencies eliminated
18 Jul 2007
PDF
Ä 82720 / 3
10 Jul 2007
Amendment entry In force
10 Jul 2007
PDF
Ä 82720 / M2
29 Jun 2007
Ruling to eliminate deficiencies (to be served) In force
6 Jul 2007
PDF
Ä 82720 / 2
25 Nov 2004
Amendment entry In force PDF
Ä 82720 / M1
4 Oct 2004
Ruling to eliminate deficiencies (to be served) 30 Nov 2004 In force PDF
Ä 82720
2 Sep 2004
First entry In force PDF

Sources: e-Äriregister and EMTA. Data updated 26 Oct 2026. Open at the source ↗ · Report an error in the data