Thermal OÜ is a OÜ based in Tartu linn, registry code 11499913, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €137 807 with 5 employees.
Turnover
137 807 €
↑ 68.5%vs Q2 2026
State taxes
18 200 €
↑ 59.9%vs Q2 2026
Labour taxes
7 479 €
↑ 44.5%vs Q2 2026
Employees
5
+1vs 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 2026137 807 €
above 83% of companies
industry median 25 252 € · companies in the industry: 4 696
Labour taxes per employee1 496 €
above 63% of companies
industry median 1 211 € · companies in the industry: 4 133
Revenue · 2024346 382 €
above 86% of companies
industry median 37 686 € · companies in the industry: 7 373
Net profit margin · 20240.4 %
above 38% of companies
industry median 2.8 % · companies in the industry: 5 757
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 137 807 € · +68.5% vs Q2 2026 · industry median 25 252 € · above 83% 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: 1 496 € · +15.6% vs Q2 2026 · industry median 1 211 € · above 63% 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.
EmployeesQ3 2026: 5 · +25.0% vs Q2 2026State taxes, € Q3 2026: 18 200 € · +59.9% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
137 807
18 200
7 479
5
Q2 2026
81 776
11 380
5 177
4
Q1 2026
54 386
2 633
4 445
3
Q4 2025
368 960
2 170
6 785
3
Q3 2025
760 991
34 981
10 038
3
Q2 2025
925 223
72 436
12 539
3
Q1 2025
285 689
36 483
8 430
5
Q4 2024
141 256
22 810
12 675
5
Q3 2024
110 207
15 056
9 561
7
Q2 2024
81 718
15 765
6 053
5
Q1 2024
56 017
15 482
9 800
5
Q4 2023
56 191
14 174
10 657
5
Q3 2023
150 121
23 488
14 896
6
Q2 2023
122 270
22 613
10 275
7
Q1 2023
119 190
18 414
11 468
7
Q4 2022
116 757
20 317
12 339
8
Q3 2022
183 751
25 983
13 416
8
Q2 2022
147 369
18 024
9 652
8
Q1 2022
65 494
17 195
9 385
6
Labour taxes per employee per month
499 €
Turnover per employee in the quarter
27 561 €
Q3 2026 · calculated from EMTA data
Financials by year
2016 – 2025
Revenue, € thousand 2024: 346 382 € · −16.5% vs 2023 · industry median 37 686 € · above 86% 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, € 2024: 1 513 € · +143.0% vs 2023 · industry median 108 € · above 60% 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, % 2024: 0.4 % · +1.3 pp vs the year before · industry median 2.8 % · above 38% 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 2024: 134 399 € · +3.7% vs 2023Equity, € 2024: 55 092 € · −17.9% vs 2023Employees2025: 4 · −20.0% vs 2024 · industry median 2 · above 75% 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
—
—
—
—
—
4
2024
346 382
1 513
82 015
134 399
55 092
5
2023
415 049
-3 517
111 316
129 631
67 079
7
2022
511 828
40 052
106 154
178 814
87 620
7
2021
460 071
22 105
97 709
128 734
62 568
6
2020
482 732
31 452
103 204
137 739
58 963
8
2019
387 388
2 938
81 205
122 783
44 011
6
2018
—
—
—
—
—
5
2017
—
—
—
—
—
9
2016
—
—
—
—
—
5
2015
—
—
—
—
—
5
2014
—
—
—
—
—
2
2013
—
—
—
—
—
3
2012
—
—
—
—
—
4
2011
—
—
—
—
—
0
2010
—
—
—
—
—
2
2009
—
—
—
—
—
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 2024
Net profit margin
0.4 %
Net profit / revenue
Return on equity (ROE)
2.7 %
Net profit / equity
Return on assets (ROA)
1.1 %
Net profit / assets
Equity ratio
41.0 %
Equity / assets
Debt ratio
59.0 %
Liabilities / assets
Current ratio
1.30
Current assets / current liabilities
Revenue per employee
69 276 €
Revenue / average full-time employees
Labour cost per employee per month
1 367 €
Labour costs / employees / 12 months (incl. employer taxes)
