VERTES OÜ

Active Registry code 11105877 OÜ Tähtvere küla Registered 4 Mar 2005
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VERTES OÜ is a OÜ based in Tähtvere küla, registry code 11105877, status: active. Main activity: Installation of insulation. According to EMTA, turnover for Q3 2026 was €26 434 with employees.

Turnover
26 434 €
↑ 113.2% vs Q2 2026
State taxes
3 795 €
↑ 119.6% vs Q2 2026
Labour taxes
0 €
Employees
—

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

Position in the industry Specialised construction activities · EMTAK 43

  • Turnover · Q3 2026 26 434 €
    industry median 23 017 € · companies in the industry: 6 974
  • Revenue · 2025 123 164 €
    industry median 37 320 € · companies in the industry: 10 312
  • Net profit margin · 2025 21.8 %
    industry median 3.9 % · companies in the industry: 8 588

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 26 434 € · +113.2% vs Q2 2026 · industry median 23 017 € · above 54% of the industry
020 00040 00060 000Q4 2023 Company: 29 093 € Industry median: 23 403 €Q4·23Q1 2024 Company: 0 € Industry median: 16 922 €Q2 2024 Company: 37 552 € Industry median: 18 660 €Q2·24Q3 2024 Company: 820 € Industry median: 21 547 €Q4 2024 Company: 42 959 € Industry median: 23 300 €Q4·24Q1 2025 Company: 10 805 € Industry median: 17 914 €Q2 2025 Company: 5 020 € Industry median: 20 215 €Q2·25Q3 2025 Company: 46 668 € Industry median: 22 700 €Q4 2025 Company: 56 513 € Industry median: 23 111 €Q4·25Q1 2026 Company: 4 157 € Industry median: 17 425 €Q2 2026 Company: 12 401 € Industry median: 20 462 €Q2·26Q3 2026 Company: 26 434 € Industry median: 23 017 €Q3·26020 00040 00060 000Q4 2024 Company: 42 959 € Industry median: 23 300 €Q1 2025 Company: 10 805 € Industry median: 17 914 €Q1·25Q2 2025 Company: 5 020 € Industry median: 20 215 €Q3 2025 Company: 46 668 € Industry median: 22 700 €Q3·25Q4 2025 Company: 56 513 € Industry median: 23 111 €Q1 2026 Company: 4 157 € Industry median: 17 425 €Q1·26Q2 2026 Company: 12 401 € Industry median: 20 462 €Q3 2026 Company: 26 434 € Industry median: 23 017 €Q3·26
  • Company
  • Industry median

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

State taxes, € Q3 2026: 3 795 € · +119.6% vs Q2 2026
02 0004 0006 0008 000Q4 2023 Company: 3 657 €Q4·23Q1 2024 Company: —Q2 2024 Company: 7 256 €Q2·24Q3 2024 Company: —Q4 2024 Company: 6 132 €Q4·24Q1 2025 Company: 1 973 €Q2 2025 Company: 204 €Q2·25Q3 2025 Company: 2 347 €Q4 2025 Company: 3 486 €Q4·25Q1 2026 Company: —Q2 2026 Company: 1 728 €Q2·26Q3 2026 Company: 3 795 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 6 132 €Q1 2025 Company: 1 973 €Q1·25Q2 2025 Company: 204 €Q3 2025 Company: 2 347 €Q3·25Q4 2025 Company: 3 486 €Q1 2026 Company: —Q1·26Q2 2026 Company: 1 728 €Q3 2026 Company: 3 795 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 26 434 3 795 — —
Q2 2026 12 401 1 728 — —
Q1 2026 4 157 — — —
Q4 2025 56 513 3 486 — —
Q3 2025 46 668 2 347 — —
Q2 2025 5 020 204 — —
Q1 2025 10 805 1 973 16 —
Q4 2024 42 959 6 132 — —
Q3 2024 820 — — —
Q2 2024 37 552 7 256 979 —
Q1 2024 — — — —
Q4 2023 29 093 3 657 — —
Q3 2023 16 476 666 — —
Q2 2023 17 805 6 891 401 —
Q1 2023 7 295 266 — 1
Q4 2022 29 775 2 646 73 —
Q3 2022 9 800 880 — —
Q2 2022 3 236 467 — —
Q1 2022 140 — — —

Financials by year

2016 – 2025
Revenue, € thousand 2025: 123 164 € · +51.4% vs 2024 · industry median 37 320 € · above 75% of the industry
02550751001252016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 120 573 € Industry median: 37 043 €20192020 Company: 45 722 € Industry median: 33 923 €20202021 Company: 39 355 € Industry median: 35 050 €20212022 Company: 45 686 € Industry median: 37 924 €20222023 Company: 67 793 € Industry median: 35 912 €20232024 Company: 81 331 € Industry median: 35 353 €20242025 Company: 123 164 € Industry median: 37 320 €202502550751001252018 Company: — Industry median: —2019 Company: 120 573 € Industry median: 37 043 €20192020 Company: 45 722 € Industry median: 33 923 €2021 Company: 39 355 € Industry median: 35 050 €20212022 Company: 45 686 € Industry median: 37 924 €2023 Company: 67 793 € Industry median: 35 912 €20232024 Company: 81 331 € Industry median: 35 353 €2025 Company: 123 164 € Industry median: 37 320 €2025
  • Company
  • Industry median

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

Net profit, € 2025: 26 909 € · +103.1% vs 2024 · industry median 561 € · above 89% of the industry
010 00020 00030 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 11 779 € Industry median: 1 029 €20192020 Company: 2 794 € Industry median: 506 €20202021 Company: 12 559 € Industry median: 784 €20212022 Company: 15 586 € Industry median: 822 €20222023 Company: 14 105 € Industry median: 580 €20232024 Company: 13 251 € Industry median: 430 €20242025 Company: 26 909 € Industry median: 561 €2025010 00020 00030 0002018 Company: — Industry median: —2019 Company: 11 779 € Industry median: 1 029 €20192020 Company: 2 794 € Industry median: 506 €2021 Company: 12 559 € Industry median: 784 €20212022 Company: 15 586 € Industry median: 822 €2023 Company: 14 105 € Industry median: 580 €20232024 Company: 13 251 € Industry median: 430 €2025 Company: 26 909 € Industry median: 561 €2025
  • Company
  • Industry median

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

Net profit margin, % 2025: 21.8 % · +5.6 pp vs the year before · industry median 3.9 % · above 80% of the industry
0102030402016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 9.8 % Industry median: 5.3 %20192020 Company: 6.1 % Industry median: 4.1 %20202021 Company: 31.9 % Industry median: 4.7 %20212022 Company: 34.1 % Industry median: 4.8 %20222023 Company: 20.8 % Industry median: 4.4 %20232024 Company: 16.3 % Industry median: 3.4 %20242025 Company: 21.8 % Industry median: 3.9 %20250102030402018 Company: — Industry median: —2019 Company: 9.8 % Industry median: 5.3 %20192020 Company: 6.1 % Industry median: 4.1 %2021 Company: 31.9 % Industry median: 4.7 %20212022 Company: 34.1 % Industry median: 4.8 %2023 Company: 20.8 % Industry median: 4.4 %20232024 Company: 16.3 % Industry median: 3.4 %2025 Company: 21.8 % Industry median: 3.9 %2025
  • Company
  • Industry median

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

Assets, € 2025: 46 280 € · +142.6% vs 2024
020 00040 00060 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 56 810 €20192020 Company: 25 107 €20202021 Company: 19 574 €20212022 Company: 41 468 €20222023 Company: 23 737 €20232024 Company: 19 076 €20242025 Company: 46 280 €2025020 00040 00060 0002018 Company: —2019 Company: 56 810 €20192020 Company: 25 107 €2021 Company: 19 574 €20212022 Company: 41 468 €2023 Company: 23 737 €20232024 Company: 19 076 €2025 Company: 46 280 €2025
Equity, € 2025: 44 591 € · +152.2% vs 2024
010 00020 00030 00040 00050 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 21 573 €20192020 Company: 24 367 €20202021 Company: 19 434 €20212022 Company: 35 020 €20222023 Company: 23 725 €20232024 Company: 17 682 €20242025 Company: 44 591 €2025010 00020 00030 00040 00050 0002018 Company: —2019 Company: 21 573 €20192020 Company: 24 367 €2021 Company: 19 434 €20212022 Company: 35 020 €2023 Company: 23 725 €20232024 Company: 17 682 €2025 Company: 44 591 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.51.01.52.02016 Company: 1 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 220182019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 220202021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 220222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.51.01.52.02018 Company: 0 Industry median: 22019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 22021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 22023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 0 Industry median: 12025
  • Company
  • Industry median

Industry: Specialised construction 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 123 164 26 909 0 46 280 44 591 0
2024 81 331 13 251 0 19 076 17 682 0
2023 67 793 14 105 0 23 737 23 725 0
2022 45 686 15 586 174 41 468 35 020 0
2021 39 355 12 559 1 563 19 574 19 434 0
2020 45 722 2 794 0 25 107 24 367 0
2019 120 573 11 779 0 56 810 21 573 0
2018 — — — — — 0
2017 — — — — — 0
2016 — — — — — 1
2015 — — — — — 1
2014 — — — — — 1
2013 — — — — — 1
2012 — — — — — 0
2011 — — — — — 9
2008 — — — — — 1
2006 — — — — — 1
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
21.8 %
Net profit / revenue
Return on equity (ROE)
60.3 %
Net profit / equity
Return on assets (ROA)
58.1 %
Net profit / assets
Equity ratio
96.4 %
Equity / assets
Debt ratio
3.6 %
Liabilities / assets
Current ratio
21.90
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 1 Jul 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 30 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 13 Jan 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 5 Jul 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 28 Jul 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 26 Apr 2020 Company’s own e-Äriregister

Board

  • Gerri Kulp
    Board member · since 4 Mar 2005
  • 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

  • Gerri Kulp
    Direct ownership · since 10 Sep 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 43231Installation of insulation Main
Rulings
Number, date Title Deadline State Document
Ä 20028500 / M6
12 Sep 2018
Ruling to correct data outside an entry 22 Sep 2018 Deficiencies eliminated
18 Sep 2018
PDF
Ä 20028500 / M5
11 Sep 2018
Procedural ruling 21 Sep 2018 Deficiencies eliminated
11 Sep 2018
PDF
Ä 20028500 / 13
11 Sep 2018
Amendment entry In force
11 Sep 2018
PDF
Ä 20028500 / 12
8 Feb 2018
Amendment entry In force
8 Feb 2018
PDF
Ä 20028500 / 11
18 Jan 2018
Amendment entry In force
18 Jan 2018
PDF
Ä 20028500 / 10
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 20028500 / 9
14 May 2013
Division entry (second, constitutive) In force
14 May 2013
PDF
Ä 20028500 / M4
26 Apr 2013
Ruling to eliminate deficiencies 11 May 2013 In force
26 Apr 2013
PDF
Ä 20028500 / 8
4 Mar 2011
Amendment entry In force
4 Mar 2011
PDF
Ä 20028500 / M3
17 Feb 2011
Ruling to eliminate deficiencies In force
17 Feb 2011
PDF
Ä 20028500 / M2
17 Feb 2011
Ruling to eliminate deficiencies In force
17 Feb 2011
PDF
Ä 20028500 / 7
21 Jan 2011
Amendment entry In force
21 Jan 2011
PDF
Ä 20028500 / 6
20 Jan 2011
Amendment entry In force
20 Jan 2011
PDF
Ä 28500 / 5
3 Dec 2008
Deletion of activities from the registry card In force
9 Dec 2008
PDF
Ä 28500 / 4
13 Mar 2008
Note on registration of shares in the Estonian central register of securities In force
13 Mar 2008
PDF
Ä 28500 / 3
8 Feb 2008
Amendment entry In force
8 Feb 2008
PDF
Ä 28500 / 2
27 Jan 2006
Amendment entry In force
27 Jan 2006
PDF
Ä 28500 / M1
25 Jan 2006
Ruling to be served 27 Mar 2006 Deficiencies eliminated
25 Jan 2006
PDF
Ä 28500
4 Mar 2005
First entry In force PDF

Sources: e-Äriregister and EMTA. Data updated 28 Oct 2026. Open at the source ↗ · Report an error in the data