M&M Vara OÜ

Active Registry code 11223950 OÜ Tallinn Registered 23 Feb 2006
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M&M Vara OÜ is a OÜ based in Tallinn, registry code 11223950, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €417 424 with 5 employees.

Turnover
417 424 €
↑ 10.1% vs Q2 2026
State taxes
83 768 €
↑ 12.6% vs Q2 2026
Labour taxes
18 467 €
↑ 0.7% vs Q2 2026
Employees
5
±0 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 417 424 €
    industry median 15 030 € · companies in the industry: 7 443
  • Labour taxes per employee 3 693 €
    industry median 857 € · companies in the industry: 7 261
  • Revenue · 2025 1.5 mn €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 39.7 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 417 424 € · +10.1% vs Q2 2026 · industry median 15 030 € · above 95% of the industry
0100200300400500Q4 2023 Company: 382 473 € Industry median: 14 897 €Q4·23Q1 2024 Company: 424 116 € Industry median: 15 027 €Q2 2024 Company: 388 017 € Industry median: 14 064 €Q2·24Q3 2024 Company: 359 914 € Industry median: 14 462 €Q4 2024 Company: 383 082 € Industry median: 14 610 €Q4·24Q1 2025 Company: 401 001 € Industry median: 14 672 €Q2 2025 Company: 365 231 € Industry median: 14 301 €Q2·25Q3 2025 Company: 346 061 € Industry median: 14 273 €Q4 2025 Company: 360 319 € Industry median: 14 464 €Q4·25Q1 2026 Company: 430 975 € Industry median: 14 759 €Q2 2026 Company: 379 137 € Industry median: 14 595 €Q2·26Q3 2026 Company: 417 424 € Industry median: 15 030 €Q3·260100200300400500Q4 2024 Company: 383 082 € Industry median: 14 610 €Q1 2025 Company: 401 001 € Industry median: 14 672 €Q1·25Q2 2025 Company: 365 231 € Industry median: 14 301 €Q3 2025 Company: 346 061 € Industry median: 14 273 €Q3·25Q4 2025 Company: 360 319 € Industry median: 14 464 €Q1 2026 Company: 430 975 € Industry median: 14 759 €Q1·26Q2 2026 Company: 379 137 € Industry median: 14 595 €Q3 2026 Company: 417 424 € Industry median: 15 030 €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: 3 693 € · +0.7% vs Q2 2026 · industry median 857 € · above 94% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 1 832 € Industry median: 671 €Q4·23Q1 2024 Company: 2 267 € Industry median: 694 €Q2 2024 Company: 2 245 € Industry median: 712 €Q2·24Q3 2024 Company: 2 124 € Industry median: 728 €Q4 2024 Company: 2 611 € Industry median: 727 €Q4·24Q1 2025 Company: 2 037 € Industry median: 780 €Q2 2025 Company: 2 271 € Industry median: 771 €Q2·25Q3 2025 Company: 4 872 € Industry median: 812 €Q4 2025 Company: 4 362 € Industry median: 812 €Q4·25Q1 2026 Company: 3 543 € Industry median: 818 €Q2 2026 Company: 3 668 € Industry median: 828 €Q2·26Q3 2026 Company: 3 693 € Industry median: 857 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 2 611 € Industry median: 727 €Q1 2025 Company: 2 037 € Industry median: 780 €Q1·25Q2 2025 Company: 2 271 € Industry median: 771 €Q3 2025 Company: 4 872 € Industry median: 812 €Q3·25Q4 2025 Company: 4 362 € Industry median: 812 €Q1 2026 Company: 3 543 € Industry median: 818 €Q1·26Q2 2026 Company: 3 668 € Industry median: 828 €Q3 2026 Company: 3 693 € Industry median: 857 €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: 5 · +0.0% vs Q2 2026
0246810Q4 2023 Company: 9Q4·23Q1 2024 Company: 8Q2 2024 Company: 8Q2·24Q3 2024 Company: 8Q4 2024 Company: 7Q4·24Q1 2025 Company: 8Q2 2025 Company: 8Q2·25Q3 2025 Company: 4Q4 2025 Company: 5Q4·25Q1 2026 Company: 5Q2 2026 Company: 5Q2·26Q3 2026 Company: 5Q3·2602468Q4 2024 Company: 7Q1 2025 Company: 8Q1·25Q2 2025 Company: 8Q3 2025 Company: 4Q3·25Q4 2025 Company: 5Q1 2026 Company: 5Q1·26Q2 2026 Company: 5Q3 2026 Company: 5Q3·26
State taxes, € thousand Q3 2026: 83 768 € · +12.6% vs Q2 2026
0255075100125Q4 2023 Company: 89 121 €Q4·23Q1 2024 Company: 89 559 €Q2 2024 Company: 100 714 €Q2·24Q3 2024 Company: 87 428 €Q4 2024 Company: 99 880 €Q4·24Q1 2025 Company: 94 803 €Q2 2025 Company: 89 737 €Q2·25Q3 2025 Company: 82 693 €Q4 2025 Company: 101 813 €Q4·25Q1 2026 Company: 102 803 €Q2 2026 Company: 74 364 €Q2·26Q3 2026 Company: 83 768 €Q3·260255075100125Q4 2024 Company: 99 880 €Q1 2025 Company: 94 803 €Q1·25Q2 2025 Company: 89 737 €Q3 2025 Company: 82 693 €Q3·25Q4 2025 Company: 101 813 €Q1 2026 Company: 102 803 €Q1·26Q2 2026 Company: 74 364 €Q3 2026 Company: 83 768 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 417 424 83 768 18 467 5
Q2 2026 379 137 74 364 18 341 5
Q1 2026 430 975 102 803 17 714 5
Q4 2025 360 319 101 813 21 808 5
Q3 2025 346 061 82 693 19 489 4
Q2 2025 365 231 89 737 18 170 8
Q1 2025 401 001 94 803 16 296 8
Q4 2024 383 082 99 880 18 280 7
Q3 2024 359 914 87 428 16 993 8
Q2 2024 388 017 100 714 17 960 8
Q1 2024 424 116 89 559 18 136 8
Q4 2023 382 473 89 121 16 492 9
Q3 2023 355 129 76 911 19 453 9
Q2 2023 374 599 72 196 15 279 10
Q1 2023 419 272 82 900 15 343 9
Q4 2022 418 557 87 299 14 568 9
Q3 2022 390 453 77 415 13 801 8
Q2 2022 412 201 68 114 13 994 8
Q1 2022 442 793 72 810 15 401 8
Labour taxes per employee per month
1 231 €
Turnover per employee in the quarter
83 485 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 1 475 328 € · −3.1% vs 2024 · industry median 13 620 € · above 98% of the industry
05001 0001 5002 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 628 465 € Industry median: 10 800 €20192020 Company: 1 446 661 € Industry median: 10 586 €20202021 Company: 1 573 433 € Industry median: 11 162 €20212022 Company: 1 636 415 € Industry median: 11 789 €20222023 Company: 1 524 063 € Industry median: 12 224 €20232024 Company: 1 522 274 € Industry median: 12 853 €20242025 Company: 1 475 328 € Industry median: 13 620 €202505001 0001 5002 0002018 Company: — Industry median: —2019 Company: 1 628 465 € Industry median: 10 800 €20192020 Company: 1 446 661 € Industry median: 10 586 €2021 Company: 1 573 433 € Industry median: 11 162 €20212022 Company: 1 636 415 € Industry median: 11 789 €2023 Company: 1 524 063 € Industry median: 12 224 €20232024 Company: 1 522 274 € Industry median: 12 853 €2025 Company: 1 475 328 € Industry median: 13 620 €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: 585 302 € · +13.0% vs 2024 · industry median 283 € · above 98% of the industry
05001 0001 5002 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 866 844 € Industry median: 205 €20192020 Company: 819 193 € Industry median: 175 €20202021 Company: 345 082 € Industry median: 251 €20212022 Company: 1 944 402 € Industry median: 161 €20222023 Company: 491 817 € Industry median: 154 €20232024 Company: 517 805 € Industry median: 256 €20242025 Company: 585 302 € Industry median: 283 €202505001 0001 5002 0002018 Company: — Industry median: —2019 Company: 866 844 € Industry median: 205 €20192020 Company: 819 193 € Industry median: 175 €2021 Company: 345 082 € Industry median: 251 €20212022 Company: 1 944 402 € Industry median: 161 €2023 Company: 491 817 € Industry median: 154 €20232024 Company: 517 805 € Industry median: 256 €2025 Company: 585 302 € 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: 39.7 % · +5.7 pp vs the year before · industry median 5.9 % · above 75% of the industry
02550751001252016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 53.2 % Industry median: 5.7 %20192020 Company: 56.6 % Industry median: 5.6 %20202021 Company: 21.9 % Industry median: 7.4 %20212022 Company: 118.8 % Industry median: 5.9 %20222023 Company: 32.3 % Industry median: 5.2 %20232024 Company: 34.0 % Industry median: 5.9 %20242025 Company: 39.7 % Industry median: 5.9 %202502550751001252018 Company: — Industry median: —2019 Company: 53.2 % Industry median: 5.7 %20192020 Company: 56.6 % Industry median: 5.6 %2021 Company: 21.9 % Industry median: 7.4 %20212022 Company: 118.8 % Industry median: 5.9 %2023 Company: 32.3 % Industry median: 5.2 %20232024 Company: 34.0 % Industry median: 5.9 %2025 Company: 39.7 % 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: 13 561 016 € · +1.0% vs 2024
05 00010 00015 00020 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 14 788 741 €20192020 Company: 15 103 730 €20202021 Company: 15 034 856 €20212022 Company: 13 321 813 €20222023 Company: 13 399 480 €20232024 Company: 13 422 302 €20242025 Company: 13 561 016 €202505 00010 00015 00020 0002018 Company: —2019 Company: 14 788 741 €20192020 Company: 15 103 730 €2021 Company: 15 034 856 €20212022 Company: 13 321 813 €2023 Company: 13 399 480 €20232024 Company: 13 422 302 €2025 Company: 13 561 016 €2025
Equity, € thousand 2025: 6 464 892 € · +8.4% vs 2024
02 0004 0006 0008 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 6 077 753 €20192020 Company: 6 896 946 €20202021 Company: 6 559 437 €20212022 Company: 5 069 468 €20222023 Company: 5 537 285 €20232024 Company: 5 961 490 €20242025 Company: 6 464 892 €202502 0004 0006 0008 0002018 Company: —2019 Company: 6 077 753 €20192020 Company: 6 896 946 €2021 Company: 6 559 437 €20212022 Company: 5 069 468 €2023 Company: 5 537 285 €20232024 Company: 5 961 490 €2025 Company: 6 464 892 €2025
Employees 2025: 7 · −12.5% vs 2024 · industry median 1 · above 98% of the industry
024682016 Company: 7 Industry median: —20162017 Company: 7 Industry median: —20172018 Company: 7 Industry median: 120182019 Company: 7 Industry median: 120192020 Company: 7 Industry median: 120202021 Company: 8 Industry median: 120212022 Company: 8 Industry median: 120222023 Company: 8 Industry median: 120232024 Company: 8 Industry median: 120242025 Company: 7 Industry median: 12025024682018 Company: 7 Industry median: 12019 Company: 7 Industry median: 120192020 Company: 7 Industry median: 12021 Company: 8 Industry median: 120212022 Company: 8 Industry median: 12023 Company: 8 Industry median: 120232024 Company: 8 Industry median: 12025 Company: 7 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 1 475 328 585 302 176 283 13 561 016 6 464 892 7
2024 1 522 274 517 805 164 508 13 422 302 5 961 490 8
2023 1 524 063 491 817 164 198 13 399 480 5 537 285 8
2022 1 636 415 1 944 402 140 886 13 321 813 5 069 468 8
2021 1 573 433 345 082 125 794 15 034 856 6 559 437 8
2020 1 446 661 819 193 120 337 15 103 730 6 896 946 7
2019 1 628 465 866 844 123 744 14 788 741 6 077 753 7
2018 — — — — — 7
2017 — — — — — 7
2016 — — — — — 7
2015 — — — — — 7
2014 — — — — — 6
2013 — — — — — 5
2012 — — — — — 5
2011 — — — — — 5
2010 — — — — — 5
2009 — — — — — 7
2008 — — — — — 2
2007 — — — — — 0
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
39.7 %
Net profit / revenue
Return on equity (ROE)
9.1 %
Net profit / equity
Return on assets (ROA)
4.3 %
Net profit / assets
Equity ratio
47.7 %
Equity / assets
Debt ratio
52.3 %
Liabilities / assets
Current ratio
0.02
Current assets / current liabilities
Revenue per employee
210 761 €
Revenue / average full-time employees
Labour cost per employee per month
2 099 €
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 30 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 6 Aug 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 4 Jul 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 12 Sep 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 13 Oct 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 2 Nov 2020 Company’s own · audited e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

Founders and other persons

  • Comdirect Consult OÜ
    Founder · 40 000 € · 23 Feb 2006
shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68201Rental and operating of own or leased real estate Main
Rulings
Number, date Title Deadline State Document
Ä 10096308 / 15
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 10096308 / 14
11 Oct 2022
Division entry (second, constitutive) In force
11 Oct 2022
PDF
Ä 10096308 / M2
10 Oct 2022
Ruling to eliminate deficiencies 24 Oct 2022 Deficiencies eliminated
11 Oct 2022
PDF
Ä 10096308 / 13
26 Aug 2020
Entry refused In force
22 Feb 2021
PDF
Ä 10096308 / 12
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10096308 / 11
30 Nov 2017
Amendment entry In force
30 Nov 2017
PDF
Ä 10096308 / 10
11 May 2017
Amendment under Commercial Code § 525 (2) In force
11 May 2017
PDF
Ä 10096308 / 9
31 Aug 2016
Amendment entry In force
31 Aug 2016
PDF
Ä 10096308 / 8
26 Jan 2016
Amendment entry In force
26 Jan 2016
PDF
Ä 10096308 / 7
28 Oct 2015
Second (constitutive) merger entry In force
28 Oct 2015
PDF
Ä 10096308 / 6
24 Jan 2012
Amendment entry In force
24 Jan 2012
PDF
Ä 96308 / 5
3 Dec 2008
Deletion of activities from the registry card In force
10 Dec 2008
PDF
Ä 96308 / 4
17 Jan 2008
Amendment entry In force
17 Jan 2008
PDF
Ä 96308 / M1
15 Jan 2008
Ruling to eliminate deficiencies (to be served) 16 Feb 2008 In force
17 Jan 2008
PDF
Ä 96308 / 3
4 Jan 2008
Amendment entry In force
4 Jan 2008
PDF
Ä 96308 / 2
8 Mar 2006
Amendment entry In force
8 Mar 2006
PDF
Ä 96308
23 Feb 2006
First entry In force
23 Feb 2006
PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data