OÜ Polarwerk

Active Registry code 11281798 OÜ Varja küla Registered 22 Aug 2006
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OÜ Polarwerk is a OÜ based in Varja küla, registry code 11281798, status: active. Main activity: Construction of railways and underground railways. According to EMTA, turnover for Q3 2026 was €686 887 with 20 employees.

Turnover
686 887 €
↑ 0.1% vs Q2 2026
State taxes
198 875 €
↑ 57.6% vs Q2 2026
Labour taxes
59 769 €
↑ 21.4% vs Q2 2026
Employees
20
−2 vs Q2 2026

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

Position in the industry Civil engineering · EMTAK 42

  • Turnover · Q3 2026 686 887 €
    industry median 52 240 € · companies in the industry: 1 125
  • Labour taxes per employee 2 988 €
    industry median 1 750 € · companies in the industry: 933
  • Revenue · 2025 2.3 mn €
    industry median 88 960 € · companies in the industry: 1 426
  • Net profit margin · 2025 21.1 %
    industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 686 887 € · +0.1% vs Q2 2026 · industry median 52 240 € · above 88% of the industry
05001 0001 500Q4 2023 Company: 1 359 975 € Industry median: 57 537 €Q4·23Q1 2024 Company: 432 814 € Industry median: 30 131 €Q2 2024 Company: 107 231 € Industry median: 43 636 €Q2·24Q3 2024 Company: 739 088 € Industry median: 55 552 €Q4 2024 Company: 1 198 962 € Industry median: 59 411 €Q4·24Q1 2025 Company: 275 116 € Industry median: 34 084 €Q2 2025 Company: 175 766 € Industry median: 44 234 €Q2·25Q3 2025 Company: 647 140 € Industry median: 54 940 €Q4 2025 Company: 921 964 € Industry median: 60 220 €Q4·25Q1 2026 Company: 505 961 € Industry median: 36 839 €Q2 2026 Company: 686 374 € Industry median: 44 874 €Q2·26Q3 2026 Company: 686 887 € Industry median: 52 240 €Q3·2602505007501 0001 250Q4 2024 Company: 1 198 962 € Industry median: 59 411 €Q1 2025 Company: 275 116 € Industry median: 34 084 €Q1·25Q2 2025 Company: 175 766 € Industry median: 44 234 €Q3 2025 Company: 647 140 € Industry median: 54 940 €Q3·25Q4 2025 Company: 921 964 € Industry median: 60 220 €Q1 2026 Company: 505 961 € Industry median: 36 839 €Q1·26Q2 2026 Company: 686 374 € Industry median: 44 874 €Q3 2026 Company: 686 887 € Industry median: 52 240 €Q3·26
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 988 € · +33.6% vs Q2 2026 · industry median 1 750 € · above 73% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 2 393 € Industry median: 1 696 €Q4·23Q1 2024 Company: 2 489 € Industry median: 1 534 €Q2 2024 Company: 2 389 € Industry median: 1 448 €Q2·24Q3 2024 Company: 2 931 € Industry median: 1 657 €Q4 2024 Company: 2 617 € Industry median: 1 890 €Q4·24Q1 2025 Company: 2 415 € Industry median: 1 717 €Q2 2025 Company: 2 140 € Industry median: 1 538 €Q2·25Q3 2025 Company: 2 484 € Industry median: 1 845 €Q4 2025 Company: 4 108 € Industry median: 2 070 €Q4·25Q1 2026 Company: 2 843 € Industry median: 1 721 €Q2 2026 Company: 2 238 € Industry median: 1 482 €Q2·26Q3 2026 Company: 2 988 € Industry median: 1 750 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 2 617 € Industry median: 1 890 €Q1 2025 Company: 2 415 € Industry median: 1 717 €Q1·25Q2 2025 Company: 2 140 € Industry median: 1 538 €Q3 2025 Company: 2 484 € Industry median: 1 845 €Q3·25Q4 2025 Company: 4 108 € Industry median: 2 070 €Q1 2026 Company: 2 843 € Industry median: 1 721 €Q1·26Q2 2026 Company: 2 238 € Industry median: 1 482 €Q3 2026 Company: 2 988 € Industry median: 1 750 €Q3·26
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 20 · −9.1% vs Q2 2026
0102030Q4 2023 Company: 19Q4·23Q1 2024 Company: 18Q2 2024 Company: 19Q2·24Q3 2024 Company: 16Q4 2024 Company: 17Q4·24Q1 2025 Company: 19Q2 2025 Company: 23Q2·25Q3 2025 Company: 26Q4 2025 Company: 18Q4·25Q1 2026 Company: 17Q2 2026 Company: 22Q2·26Q3 2026 Company: 20Q3·260102030Q4 2024 Company: 17Q1 2025 Company: 19Q1·25Q2 2025 Company: 23Q3 2025 Company: 26Q3·25Q4 2025 Company: 18Q1 2026 Company: 17Q1·26Q2 2026 Company: 22Q3 2026 Company: 20Q3·26
State taxes, € thousand Q3 2026: 198 875 € · +57.6% vs Q2 2026
0100200300Q4 2023 Company: 247 732 €Q4·23Q1 2024 Company: 123 139 €Q2 2024 Company: 27 160 €Q2·24Q3 2024 Company: 84 242 €Q4 2024 Company: 279 192 €Q4·24Q1 2025 Company: 122 051 €Q2 2025 Company: 27 878 €Q2·25Q3 2025 Company: 138 077 €Q4 2025 Company: 222 122 €Q4·25Q1 2026 Company: 190 416 €Q2 2026 Company: 126 166 €Q2·26Q3 2026 Company: 198 875 €Q3·260100200300Q4 2024 Company: 279 192 €Q1 2025 Company: 122 051 €Q1·25Q2 2025 Company: 27 878 €Q3 2025 Company: 138 077 €Q3·25Q4 2025 Company: 222 122 €Q1 2026 Company: 190 416 €Q1·26Q2 2026 Company: 126 166 €Q3 2026 Company: 198 875 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 686 887 198 875 59 769 20
Q2 2026 686 374 126 166 49 227 22
Q1 2026 505 961 190 416 48 333 17
Q4 2025 921 964 222 122 73 952 18
Q3 2025 647 140 138 077 64 590 26
Q2 2025 175 766 27 878 49 214 23
Q1 2025 275 116 122 051 45 881 19
Q4 2024 1 198 962 279 192 44 489 17
Q3 2024 739 088 84 242 46 899 16
Q2 2024 107 231 27 160 45 386 19
Q1 2024 432 814 123 139 44 803 18
Q4 2023 1 359 975 247 732 45 474 19
Q3 2023 497 891 68 341 39 312 19
Q2 2023 175 659 47 507 33 939 17
Q1 2023 162 845 45 919 30 486 14
Q4 2022 376 407 80 367 33 595 16
Q3 2022 141 570 53 096 39 723 13
Q2 2022 67 804 40 224 30 419 18
Q1 2022 126 390 74 855 58 115 15
Labour taxes per employee per month
996 €
Turnover per employee in the quarter
34 344 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 2 346 255 € · −1.6% vs 2024 · industry median 88 960 € · above 91% of the industry
05001 0001 5002 0002 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 777 760 € Industry median: 87 742 €20192020 Company: 852 904 € Industry median: 79 900 €20202021 Company: 1 440 710 € Industry median: 85 202 €20212022 Company: 789 843 € Industry median: 83 429 €20222023 Company: 1 592 882 € Industry median: 84 652 €20232024 Company: 2 384 910 € Industry median: 74 590 €20242025 Company: 2 346 255 € Industry median: 88 960 €202505001 0001 5002 0002 5002018 Company: — Industry median: —2019 Company: 777 760 € Industry median: 87 742 €20192020 Company: 852 904 € Industry median: 79 900 €2021 Company: 1 440 710 € Industry median: 85 202 €20212022 Company: 789 843 € Industry median: 83 429 €2023 Company: 1 592 882 € Industry median: 84 652 €20232024 Company: 2 384 910 € Industry median: 74 590 €2025 Company: 2 346 255 € Industry median: 88 960 €2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 494 516 € · −34.9% vs 2024 · industry median 2 500 € · above 98% of the industry
02004006008001 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 144 389 € Industry median: 3 099 €20192020 Company: 127 864 € Industry median: 1 997 €20202021 Company: 262 356 € Industry median: 2 977 €20212022 Company: 57 600 € Industry median: 2 069 €20222023 Company: 868 765 € Industry median: 2 486 €20232024 Company: 759 097 € Industry median: 1 984 €20242025 Company: 494 516 € Industry median: 2 500 €202502004006008001 0002018 Company: — Industry median: —2019 Company: 144 389 € Industry median: 3 099 €20192020 Company: 127 864 € Industry median: 1 997 €2021 Company: 262 356 € Industry median: 2 977 €20212022 Company: 57 600 € Industry median: 2 069 €2023 Company: 868 765 € Industry median: 2 486 €20232024 Company: 759 097 € Industry median: 1 984 €2025 Company: 494 516 € Industry median: 2 500 €2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 21.1 % · −10.8 pp vs the year before · industry median 5.0 % · above 80% of the industry
02040602016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 18.6 % Industry median: 6.0 %20192020 Company: 15.0 % Industry median: 5.2 %20202021 Company: 18.2 % Industry median: 6.0 %20212022 Company: 7.3 % Industry median: 4.7 %20222023 Company: 54.5 % Industry median: 5.1 %20232024 Company: 31.8 % Industry median: 4.7 %20242025 Company: 21.1 % Industry median: 5.0 %202502040602018 Company: — Industry median: —2019 Company: 18.6 % Industry median: 6.0 %20192020 Company: 15.0 % Industry median: 5.2 %2021 Company: 18.2 % Industry median: 6.0 %20212022 Company: 7.3 % Industry median: 4.7 %2023 Company: 54.5 % Industry median: 5.1 %20232024 Company: 31.8 % Industry median: 4.7 %2025 Company: 21.1 % Industry median: 5.0 %2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 2 207 851 € · +28.7% vs 2024
05001 0001 5002 0002 5002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 595 700 €20192020 Company: 668 404 €20202021 Company: 918 017 €20212022 Company: 712 023 €20222023 Company: 1 365 596 €20232024 Company: 1 716 021 €20242025 Company: 2 207 851 €202505001 0001 5002 0002 5002018 Company: —2019 Company: 595 700 €20192020 Company: 668 404 €2021 Company: 918 017 €20212022 Company: 712 023 €2023 Company: 1 365 596 €20232024 Company: 1 716 021 €2025 Company: 2 207 851 €2025
Equity, € thousand 2025: 1 667 734 € · +13.2% vs 2024
05001 0001 5002 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 347 538 €20192020 Company: 375 402 €20202021 Company: 437 758 €20212022 Company: 395 357 €20222023 Company: 1 014 122 €20232024 Company: 1 473 218 €20242025 Company: 1 667 734 €202505001 0001 5002 0002018 Company: —2019 Company: 347 538 €20192020 Company: 375 402 €2021 Company: 437 758 €20212022 Company: 395 357 €2023 Company: 1 014 122 €20232024 Company: 1 473 218 €2025 Company: 1 667 734 €2025
Employees 2025: 22 · +22.2% vs 2024 · industry median 2 · above 93% of the industry
05101520252016 Company: 21 Industry median: —20162017 Company: 22 Industry median: —20172018 Company: 16 Industry median: 320182019 Company: 20 Industry median: 320192020 Company: 20 Industry median: 320202021 Company: 24 Industry median: 320212022 Company: 18 Industry median: 320222023 Company: 18 Industry median: 220232024 Company: 18 Industry median: 220242025 Company: 22 Industry median: 2202505101520252018 Company: 16 Industry median: 32019 Company: 20 Industry median: 320192020 Company: 20 Industry median: 32021 Company: 24 Industry median: 320212022 Company: 18 Industry median: 32023 Company: 18 Industry median: 220232024 Company: 18 Industry median: 22025 Company: 22 Industry median: 22025
  • Company
  • Industry median

Industry: Civil engineering (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 2 346 255 494 516 594 379 2 207 851 1 667 734 22
2024 2 384 910 759 097 456 272 1 716 021 1 473 218 18
2023 1 592 882 868 765 420 601 1 365 596 1 014 122 18
2022 789 843 57 600 365 407 712 023 395 357 18
2021 1 440 710 262 356 598 279 918 017 437 758 24
2020 852 904 127 864 369 692 668 404 375 402 20
2019 777 760 144 389 338 823 595 700 347 538 20
2018 — — — — — 16
2017 — — — — — 22
2016 — — — — — 21
2015 — — — — — 23
2014 — — — — — 25
2013 — — — — — 15
2012 — — — — — 14
2011 — — — — — 9
2010 — — — — — 11
2009 — — — — — 17
2008 — — — — — 16
2007 — — — — — 9

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
21.1 %
Net profit / revenue
Return on equity (ROE)
29.7 %
Net profit / equity
Return on assets (ROA)
22.4 %
Net profit / assets
Equity ratio
75.5 %
Equity / assets
Debt ratio
24.5 %
Liabilities / assets
Current ratio
2.52
Current assets / current liabilities
Revenue per employee
106 648 €
Revenue / average full-time employees
Labour cost per employee per month
2 251 €
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 9 Apr 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 29 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 30 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 17 Jun 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 16 Aug 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 16 Apr 2020 Company’s own 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

  • OÜ Larssex International
    Founder · 40 000 € · 22 Aug 2006
shared board members, owners or beneficial owners

Activities (EMTAK)

  • 42121Construction of railways and underground railways Main
  • 7820Temporary employment agency activities and other human resource provisions
  • 81231Other cleaning activities
Rulings
Number, date Title Deadline State Document
Ä 20036640 / 8
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 20036640 / 7
9 Mar 2022
Amendment entry In force
9 Mar 2022
PDF
Ä 20036640 / 6
21 Oct 2020
Amendment entry In force
21 Oct 2020
PDF
Ä 20036640 / 5
23 Oct 2018
Amendment under Commercial Code § 525 (2) In force
23 Oct 2018
PDF
Ä 20036640 / 4
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 20036640 / 3
1 Nov 2011
Amendment entry In force
1 Nov 2011
PDF
Ä 36640 / 2
3 Dec 2008
Deletion of activities from the registry card In force
22 Dec 2008
PDF
Ä 36640
29 Sep 2006
Registry card opened in the department of the new seat In force
29 Sep 2006
PDF
Ä 101205 / 3
29 Sep 2006
Registry card closed after a change of district In force
29 Sep 2006
PDF
Ä 101205 / 2
25 Sep 2006
Note In force
25 Sep 2006
PDF
Ä 101205
22 Aug 2006
First entry In force
22 Aug 2006
PDF

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