Balti Vara Ehitus OÜ

Active Registry code 11455212 OÜ Tartu linn Registered 18 Dec 2007

Balti Vara Ehitus OÜ is a OÜ based in Tartu linn, registry code 11455212, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €9 047 649 with 4 employees.

Turnover

9 047 649 €

↑ 7.1% vs Q2 2026

State taxes

166 071 €

↑ 149.7% vs Q2 2026

Labour taxes

34 379 €

↑ 4.1% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Construction of residential and non-residential buildings · EMTAK 41

Turnover · Q3 2026 9 mn €

above 98% of companies

industry median 25 252 € · companies in the industry: 4 696
Labour taxes per employee 8 595 €

above 98% of companies

industry median 1 211 € · companies in the industry: 4 133
Revenue · 2025 16.3 mn €

above 98% of companies

industry median 38 239 € · companies in the industry: 6 999
Net profit margin · 2025 2.5 %

above 46% of companies

industry median 3.5 % · companies in the industry: 5 561

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 9 047 649 € · +7.1% vs Q2 2026 · industry median 25 252 € · above 98% of the industry

Company
Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 8 595 € · +4.1% vs Q2 2026 · industry median 1 211 € · above 98% of the industry

Company
Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 4 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 166 071 € · +149.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	9 047 649	166 071	34 379	4
Q2 2026	8 444 058	66 509	33 017	4
Q1 2026	6 117 860	120 764	32 793	4
Q4 2025	8 166 808	200 941	35 042	4
Q3 2025	3 378 041	150 543	60 849	4
Q2 2025	1 827 910	153 970	58 390	4
Q1 2025	1 437 158	80 024	56 637	4
Q4 2024	4 864 905	184 716	53 125	4
Q3 2024	5 336 118	202 698	54 226	4
Q2 2024	7 765 504	340 154	52 402	4
Q1 2024	3 724 835	140 319	46 309	4
Q4 2023	3 944 694	221 931	48 538	4
Q3 2023	5 415 537	147 927	51 739	4
Q2 2023	5 910 582	193 616	50 533	5
Q1 2023	2 821 573	56 506	41 645	5
Q4 2022	4 034 971	209 264	38 018	4
Q3 2022	3 212 842	107 434	37 226	3
Q2 2022	3 048 197	110 750	37 509	3
Q1 2022	2 197 830	77 437	27 180	4

Labour taxes per employee per month

2 865 €

Turnover per employee in the quarter

2 261 912 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 16 339 480 € · −23.4% vs 2024 · industry median 38 239 € · above 98% of the industry

Company
Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 408 758 € · −81.8% vs 2024 · industry median 411 € · above 98% of the industry

Company
Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 2.5 % · −8.0 pp vs the year before · industry median 3.5 % · above 46% of the industry

Company
Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 10 063 313 € · +20.2% vs 2024

Equity, € thousand 2025: 7 247 261 € · +4.4% vs 2024

Employees 2025: 11 · −21.4% vs 2024 · industry median 2 · above 94% of the industry

Company
Industry median

Industry: Construction of residential and non-residential buildings (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	16 339 480	408 758	437 982	10 063 313	7 247 261	11
2024	21 326 715	2 244 059	509 401	8 373 134	6 938 503	14
2023	18 260 797	1 615 349	475 598	6 186 079	4 829 444	14
2022	11 827 735	321 213	364 808	4 320 860	3 321 595	12
2021	10 957 654	207 955	248 066	4 177 970	3 060 382	11
2020	9 057 462	202 843	223 144	3 781 480	2 882 427	12
2019	8 291 651	475 231	201 981	3 588 092	2 709 584	12
2018	—	—	—	—	—	12
2017	—	—	—	—	—	11
2016	—	—	—	—	—	10
2015	—	—	—	—	—	9
2014	—	—	—	—	—	8
2013	—	—	—	—	—	8
2012	—	—	—	—	—	8
2011	—	—	—	—	—	8
2010	—	—	—	—	—	0
2009	—	—	—	—	—	0
2008	—	—	—	—	—	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

2.5 %

Net profit / revenue

Return on equity (ROE)

5.6 %

Net profit / equity

Return on assets (ROA)

4.1 %

Net profit / assets

Equity ratio

72.0 %

Equity / assets

Debt ratio

28.0 %

Liabilities / assets

Current ratio

2.09

Current assets / current liabilities

Revenue per employee

1 485 524 €

Revenue / average full-time employees

Labour cost per employee per month

3 318 €

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	10 Jun 2026	Consolidated · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	14 May 2025	Consolidated · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	20 Jun 2024	Consolidated · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Jun 2023	Consolidated · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	14 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	8 Jun 2020	Company’s own · audited	e-Äriregister

Board

Meelis Karro
Board member · since 18 Dec 2007
Aimar Unt
Board member · since 2 Mar 2010
Kristjan Soomets
Board member · since 2 Mar 2010

Right of representation

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

Owners

Metero OÜ
Legal person · 11672441 · 1 022 €

40%
Ruut-Project OÜ
Legal person · 11704106 · 1 022 €

40%
Rollo OÜ
Legal person · 12246284 · 511 €

20%

Owner in

Beneficial owners

Aimar Unt
Indirect ownership · since 3 Sep 2018
Meelis Karro
Indirect ownership · since 3 Sep 2018

Founders and other persons

Soojustusprojekt OÜ
Founder · 40 000 € · 17 Dec 2007

shared board members, owners or beneficial owners

Activities (EMTAK)

41001Construction of residential and non-residential buildings Main
68201Rental and operating of own or leased real estate

Rulings 11

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 20051740 / 7 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
Ä 20051740 / 6 16 Oct 2020	Amendment entry		In force 16 Oct 2020	PDF
Ä 20051740 / 5 3 Feb 2020	Amendment under Commercial Code § 525 (2)		In force 3 Feb 2020	PDF
Ä 20051740 / 4 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 20051740 / 3 22 Dec 2017	Amendment entry		In force 22 Dec 2017	PDF
Ä 20051740 / 2 30 Nov 2017	Amendment entry		In force 30 Nov 2017	PDF
Ä 20051740 / M1 1 Jul 2015	Refund of the state fee		In force 1 Jul 2015	PDF
Ä 20051740 2 Nov 2011	Amendment entry		In force 2 Nov 2011	PDF
Ä 10114658 / 2 2 Mar 2010	Amendment entry		In force 2 Mar 2010	PDF
Ä 10114658 / M1 25 Feb 2010	Ruling to eliminate deficiencies	29 Mar 2010	In force 25 Feb 2010	PDF
Ä 114658 18 Dec 2007	First entry		In force 18 Dec 2007	PDF

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

Balti Vara Ehitus OÜ

Position in the industry Construction of residential and non-residential buildings · EMTAK 41

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