Formstar OÜ

Active Registry code 11166324 OÜ Tallinn Registered 20 Sep 2005

Formstar OÜ is a OÜ based in Tallinn, registry code 11166324, status: active. Main activity: Other specialised construction activities n.e.c.. Its annual report for 2025 shows revenue of €71 800 and 3 employees.

Turnover

—

State taxes

761 €

↓ 4.6% vs Q2 2026

Labour taxes

828 €

↑ 0.0% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Specialised construction activities · EMTAK 43

Labour taxes per employee 828 €

above 23% of companies

industry median 1 236 € · companies in the industry: 5 958
Revenue · 2025 71 800 €

above 65% of companies

industry median 37 320 € · companies in the industry: 10 312
Net profit margin · 2025 26.1 %

above 83% of companies

industry median 3.9 % · companies in the industry: 8 588

Taxes and turnover

Q3 2023 – Q3 2026

Turnover, € Q3 2024: 0 € · industry median 21 547 € · above 2% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 828 € · +100.0% vs Q2 2026 · industry median 1 236 € · above 23% of the industry

Company
Industry median

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

Employees Q3 2026: 1 · −50.0% vs Q2 2026

State taxes, € Q3 2026: 761 € · −4.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	—	761	828	1
Q2 2026	—	798	828	2
Q1 2026	—	915	990	—
Q4 2025	—	2 479	2 591	—
Q3 2025	—	2 078	2 262	2
Q2 2025	—	2 122	2 211	2
Q1 2025	—	—	—	2
Q3 2024	—	—	—	—
Q2 2024	—	—	—	—
Q1 2024	—	2 687	2 884	—
Q4 2023	—	1 338	1 462	2
Q3 2023	—	—	—	2
Q1 2022	—	968	1 042	—

Labour taxes per employee per month

276 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € 2025: 71 800 € · +398.6% vs 2024 · industry median 37 320 € · above 65% of the industry

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: 18 718 € · +248.1% vs 2024 · industry median 561 € · above 85% of the industry

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: 26.1 % · −11.3 pp vs the year before · industry median 3.9 % · above 83% of the industry

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: 31 630 € · +165.3% vs 2024

Equity, € 2025: 30 639 € · +157.0% vs 2024

Employees 2025: 3 · +200.0% vs 2024 · industry median 1 · above 75% of the industry

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	71 800	18 718	25 292	31 630	30 639	3
2024	14 400	5 377	4 798	11 921	11 921	1
2023	22 061	-8 326	7 655	7 500	6 544	1
2022	41 280	5 950	0	15 020	14 870	0
2021	16 195	-217	5 500	10 109	8 919	1
2020	10 700	2 584	0	9 286	9 136	0
2019	4 391	-4 214	0	7 452	6 552	0
2018	—	—	—	—	—	0
2017	—	—	—	—	—	0
2016	—	—	—	—	—	0
2015	—	—	—	—	—	0
2014	—	—	—	—	—	2
2013	—	—	—	—	—	2
2012	—	—	—	—	—	0
2011	—	—	—	—	—	3
2010	—	—	—	—	—	9
2009	—	—	—	—	—	7
2008	—	—	—	—	—	0
2007	—	—	—	—	—	6
2006	—	—	—	—	—	0

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

26.1 %

Net profit / revenue

Return on equity (ROE)

61.1 %

Net profit / equity

Return on assets (ROA)

59.2 %

Net profit / assets

Equity ratio

96.9 %

Equity / assets

Debt ratio

3.1 %

Liabilities / assets

Current ratio

31.92

Current assets / current liabilities

Revenue per employee

23 933 €

Revenue / average full-time employees

Labour cost per employee per month

703 €

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	18 Mar 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	24 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	4 Jul 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	24 Jul 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	31 Aug 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	18 Aug 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	20 Oct 2020	Company’s own	e-Äriregister

Board

Georg Alex Starkoff
Board member · since 23 Aug 2006

Right of representation

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

Owners

Georg Alex Starkoff
Natural person · 2 684 €

100%

Beneficial owners

Georg Alex Starkoff
Direct ownership · since 24 Jul 2020

Founders and other persons

Osaühing JM KAPITAL
Founder · 42 000 € · 20 Sep 2005

shared board members, owners or beneficial owners

Activities (EMTAK)

4399Other specialised construction activities n.e.c. Main

Rulings 10

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10091720 / 9 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10091720 / 8 9 Jan 2023	Amendment under Commercial Code § 525 (2)		In force 9 Jan 2023	PDF
Ä 10091720 / 7 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10091720 / 6 29 Nov 2017	Amendment entry		In force 29 Nov 2017	PDF
Ä 10091720 / 5 16 Sep 2016	Amendment entry		In force 16 Sep 2016	PDF
Ä 10091720 / 4 2 Jan 2012	Amendment entry		In force 2 Jan 2012	PDF
Ä 91720 / M1 15 Oct 2009	Fine for not filing the report	2 Feb 2010	In force 18 Jan 2010	PDF
Ä 91720 / 3 3 Dec 2008	Deletion of activities from the registry card		In force 3 Dec 2008	PDF
Ä 91720 / 2 23 Aug 2006	Amendment entry		In force 23 Aug 2006	PDF
Ä 91720 20 Sep 2005	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

Formstar OÜ

Position in the industry Specialised construction activities · EMTAK 43

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 10