Raar Kinnisvara OÜ

Active Registry code 11135453 OÜ Tartu linn Registered 17 May 2005

Raar Kinnisvara OÜ is a OÜ based in Tartu linn, registry code 11135453, status: active. Main activity: Other real estate management or related activities. According to EMTA, turnover for Q3 2026 was €51 168 with 6 employees.

Turnover

51 168 €

↑ 8.7% vs Q2 2026

State taxes

17 129 €

↑ 6.6% vs Q2 2026

Labour taxes

9 333 €

↑ 0.7% vs Q2 2026

Employees

+1 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 51 168 €

above 73% of companies

industry median 15 030 € · companies in the industry: 7 443
Labour taxes per employee 1 556 €

above 78% of companies

industry median 857 € · companies in the industry: 7 261
Revenue · 2025 194 828 €

above 92% of companies

industry median 13 620 € · companies in the industry: 30 471
Net profit margin · 2025 0.5 %

above 36% of companies

industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € Q3 2026: 51 168 € · +8.7% vs Q2 2026 · industry median 15 030 € · above 73% of the industry

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: 1 556 € · −16.1% vs Q2 2026 · industry median 857 € · above 78% of the industry

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: 6 · +20.0% vs Q2 2026

State taxes, € Q3 2026: 17 129 € · +6.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	51 168	17 129	9 333	6
Q2 2026	47 089	16 065	9 272	5
Q1 2026	75 552	23 163	9 343	5
Q4 2025	49 580	13 698	11 816	5
Q3 2025	47 245	17 791	10 539	5
Q2 2025	49 760	21 147	10 269	5
Q1 2025	80 397	24 483	11 194	5
Q4 2024	60 920	17 780	10 181	5
Q3 2024	53 062	20 287	11 866	4
Q2 2024	54 911	17 482	11 328	5
Q1 2024	95 198	25 447	8 630	5
Q4 2023	29 471	10 485	9 312	4
Q3 2023	54 647	13 805	9 398	4
Q2 2023	53 176	11 088	7 845	4
Q1 2023	57 537	12 076	7 777	4
Q4 2022	63 502	14 282	7 900	4
Q3 2022	77 220	18 775	10 321	4
Q2 2022	77 353	15 277	7 196	4
Q1 2022	43 287	14 179	8 602	4

Labour taxes per employee per month

519 €

Turnover per employee in the quarter

8 528 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 194 828 € · −29.7% vs 2024 · industry median 13 620 € · above 92% of the industry

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: 1 007 € · −98.7% vs 2024 · industry median 283 € · above 58% of the industry

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: 0.5 % · −28.4 pp vs the year before · industry median 5.9 % · above 36% of the industry

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: 336 689 € · +82.7% vs 2024

Equity, € thousand 2025: 138 818 € · −9.5% vs 2024

Employees 2025: 5 · +0.0% vs 2024 · industry median 1 · above 98% of the industry

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	194 828	1 007	105 537	336 689	138 818	5
2024	277 278	80 068	113 795	184 310	153 411	5
2023	209 175	-6 850	85 546	92 510	73 343	4
2022	243 633	27 696	84 621	108 601	80 193	4
2021	128 358	25 581	60 837	66 316	52 497	4
2020	89 521	507	22 148	34 143	26 915	2
2019	33 848	-15 875	19 467	31 552	26 408	2
2018	—	—	—	—	—	2
2017	—	—	—	—	—	2
2016	—	—	—	—	—	2
2015	—	—	—	—	—	2
2014	—	—	—	—	—	2
2013	—	—	—	—	—	2
2012	—	—	—	—	—	2
2011	—	—	—	—	—	2
2010	—	—	—	—	—	2
2009	—	—	—	—	—	2
2008	—	—	—	—	—	2
2007	—	—	—	—	—	2
2006	—	—	—	—	—	2
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

0.5 %

Net profit / revenue

Return on equity (ROE)

0.7 %

Net profit / equity

Return on assets (ROA)

0.3 %

Net profit / assets

Equity ratio

41.2 %

Equity / assets

Debt ratio

58.8 %

Liabilities / assets

Current ratio

1.68

Current assets / current liabilities

Revenue per employee

38 966 €

Revenue / average full-time employees

Labour cost per employee per month

1 759 €

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	27 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	27 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	29 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	29 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	26 Oct 2020	Company’s own	e-Äriregister

Board

Rait Sinimäe
Board member · since 27 Dec 2005
Keijo Voika
Board member · since 5 Nov 2007

Right of representation

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

Owners

Rait Sinimäe
Natural person · 1 474 €

55%
Keijo Voika
Natural person · 1 206 €

45%

Owner in

Raar Haldus OÜ
100%

Beneficial owners

Keijo Voika
Direct ownership · since 20 Sep 2018
Rait Sinimäe
Direct ownership · since 20 Sep 2018

Founders and other persons

Francoberg OÜ
Founder · 42 000 € · 18 Mar 2005

shared board members, owners or beneficial owners

Activities (EMTAK)

68329Other real estate management or related activities Main
68311Intermediation service activities for real estate activities

Rulings 11

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 20028975 / 11 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 20028975 / 10 27 Oct 2021	Amendment under Commercial Code § 525 (2)	In force 27 Oct 2021	PDF
Ä 20028975 / 9 17 Jan 2018	Amendment entry	In force 17 Jan 2018	PDF
Ä 20028975 / 8 22 Dec 2017	Amendment entry	In force 22 Dec 2017	PDF
Ä 20028975 / 7 3 Dec 2017	Amendment entry	In force 3 Dec 2017	PDF
Ä 20028975 / 6 28 Dec 2011	Amendment entry	In force 28 Dec 2011	PDF
Ä 28975 / 5 11 Dec 2008	Deletion of activities from the registry card	In force 11 Dec 2008	PDF
Ä 28975 / 4 5 Nov 2007	Amendment entry	In force 5 Nov 2007	PDF
Ä 28975 / 3 23 Dec 2005	Amendment entry	In force	PDF
Ä 28975 / 2 20 Jun 2005	Amendment entry	In force	PDF
Ä 28975 17 May 2005	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

Raar Kinnisvara OÜ

Position in the industry Real estate activities · EMTAK 68

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 11