OÜ Mustvalge Kirjastus

Active Registry code 11810937 OÜ Tallinn Registered 14 Dec 2009
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OÜ Mustvalge Kirjastus is a OÜ based in Tallinn, registry code 11810937, status: active. Main activity: Publishing of books, brochures and similar publications. According to EMTA, turnover for Q3 2026 was €2 264 with employees.

Turnover
2 264 €
↑ 65.5% vs Q2 2026
State taxes
186 €
↑ 73.8% vs Q2 2026
Labour taxes
0 €
Employees
—

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

Position in the industry Publishing activities · EMTAK 58

  • Turnover · Q3 2026 2 264 €
    industry median 9 319 € · companies in the industry: 766
  • Revenue · 2025 9 050 €
    industry median 5 175 € · companies in the industry: 1 328
  • Net profit margin · 2025 15.0 %
    industry median 4.4 % · companies in the industry: 825

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 2 264 € · +65.5% vs Q2 2026 · industry median 9 319 € · above 32% of the industry
05 00010 00015 000Q4 2023 Company: 2 120 € Industry median: 13 258 €Q4·23Q1 2024 Company: 2 224 € Industry median: 14 046 €Q2 2024 Company: 867 € Industry median: 11 785 €Q2·24Q3 2024 Company: 2 072 € Industry median: 13 362 €Q4 2024 Company: 2 784 € Industry median: 14 000 €Q4·24Q1 2025 Company: 2 021 € Industry median: 14 441 €Q2 2025 Company: 1 038 € Industry median: 12 185 €Q2·25Q3 2025 Company: 2 572 € Industry median: 11 095 €Q4 2025 Company: 3 441 € Industry median: 11 709 €Q4·25Q1 2026 Company: 2 238 € Industry median: 10 933 €Q2 2026 Company: 1 368 € Industry median: 9 774 €Q2·26Q3 2026 Company: 2 264 € Industry median: 9 319 €Q3·2605 00010 00015 000Q4 2024 Company: 2 784 € Industry median: 14 000 €Q1 2025 Company: 2 021 € Industry median: 14 441 €Q1·25Q2 2025 Company: 1 038 € Industry median: 12 185 €Q3 2025 Company: 2 572 € Industry median: 11 095 €Q3·25Q4 2025 Company: 3 441 € Industry median: 11 709 €Q1 2026 Company: 2 238 € Industry median: 10 933 €Q1·26Q2 2026 Company: 1 368 € Industry median: 9 774 €Q3 2026 Company: 2 264 € Industry median: 9 319 €Q3·26
  • Company
  • Industry median

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

State taxes, € Q3 2026: 186 € · +73.8% vs Q2 2026
0100200300400Q4 2023 Company: 104 €Q4·23Q1 2024 Company: 303 €Q2 2024 Company: 9 €Q2·24Q3 2024 Company: 101 €Q4 2024 Company: 165 €Q4·24Q1 2025 Company: 166 €Q2 2025 Company: 83 €Q2·25Q3 2025 Company: 290 €Q4 2025 Company: 260 €Q4·25Q1 2026 Company: 341 €Q2 2026 Company: 107 €Q2·26Q3 2026 Company: 186 €Q3·260100200300400Q4 2024 Company: 165 €Q1 2025 Company: 166 €Q1·25Q2 2025 Company: 83 €Q3 2025 Company: 290 €Q3·25Q4 2025 Company: 260 €Q1 2026 Company: 341 €Q1·26Q2 2026 Company: 107 €Q3 2026 Company: 186 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 2 264 186 — —
Q2 2026 1 368 107 — —
Q1 2026 2 238 341 212 —
Q4 2025 3 441 260 — —
Q3 2025 2 572 290 141 —
Q2 2025 1 038 83 — —
Q1 2025 2 021 166 — —
Q4 2024 2 784 165 — —
Q3 2024 2 072 101 — —
Q2 2024 867 9 — —
Q1 2024 2 224 303 250 —
Q4 2023 2 120 104 — —
Q3 2023 2 463 153 — —
Q2 2023 1 168 39 — —
Q1 2023 2 289 137 — —
Q4 2022 3 279 377 250 —
Q3 2022 2 950 201 — —
Q2 2022 2 039 120 — —
Q1 2022 2 848 379 188 —

Financials by year

2016 – 2025
Revenue, € 2025: 9 050 € · +12.1% vs 2024 · industry median 5 175 € · above 55% of the industry
02 5005 0007 50010 00012 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 8 804 € Industry median: 7 908 €20192020 Company: 8 831 € Industry median: 6 940 €20202021 Company: 8 216 € Industry median: 6 116 €20212022 Company: 11 327 € Industry median: 8 375 €20222023 Company: 8 074 € Industry median: 7 880 €20232024 Company: 8 073 € Industry median: 5 831 €20242025 Company: 9 050 € Industry median: 5 175 €202502 5005 0007 50010 00012 5002018 Company: — Industry median: —2019 Company: 8 804 € Industry median: 7 908 €20192020 Company: 8 831 € Industry median: 6 940 €2021 Company: 8 216 € Industry median: 6 116 €20212022 Company: 11 327 € Industry median: 8 375 €2023 Company: 8 074 € Industry median: 7 880 €20232024 Company: 8 073 € Industry median: 5 831 €2025 Company: 9 050 € Industry median: 5 175 €2025
  • Company
  • Industry median

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

Net profit, € 2025: 1 360 € · −65.0% vs 2024 · industry median 0 € · above 68% of the industry
-1 00001 0002 0003 0004 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -617 € Industry median: 399 €20192020 Company: 927 € Industry median: 143 €20202021 Company: 1 037 € Industry median: 88 €20212022 Company: 3 368 € Industry median: 5 €20222023 Company: 1 350 € Industry median: 0 €20232024 Company: 3 884 € Industry median: 0 €20242025 Company: 1 360 € Industry median: 0 €2025-1 00001 0002 0003 0004 0002018 Company: — Industry median: —2019 Company: -617 € Industry median: 399 €20192020 Company: 927 € Industry median: 143 €2021 Company: 1 037 € Industry median: 88 €20212022 Company: 3 368 € Industry median: 5 €2023 Company: 1 350 € Industry median: 0 €20232024 Company: 3 884 € Industry median: 0 €2025 Company: 1 360 € Industry median: 0 €2025
  • Company
  • Industry median

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

Net profit margin, % 2025: 15.0 % · −33.1 pp vs the year before · industry median 4.4 % · above 62% of the industry
-2002040602016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -7.0 % Industry median: 10.2 %20192020 Company: 10.5 % Industry median: 10.8 %20202021 Company: 12.6 % Industry median: 10.1 %20212022 Company: 29.7 % Industry median: 7.6 %20222023 Company: 16.7 % Industry median: 6.4 %20232024 Company: 48.1 % Industry median: 5.9 %20242025 Company: 15.0 % Industry median: 4.4 %2025-2002040602018 Company: — Industry median: —2019 Company: -7.0 % Industry median: 10.2 %20192020 Company: 10.5 % Industry median: 10.8 %2021 Company: 12.6 % Industry median: 10.1 %20212022 Company: 29.7 % Industry median: 7.6 %2023 Company: 16.7 % Industry median: 6.4 %20232024 Company: 48.1 % Industry median: 5.9 %2025 Company: 15.0 % Industry median: 4.4 %2025
  • Company
  • Industry median

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

Assets, € 2025: 27 449 € · +5.3% vs 2024
010 00020 00030 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 23 429 €20192020 Company: 16 401 €20202021 Company: 17 713 €20212022 Company: 20 911 €20222023 Company: 22 446 €20232024 Company: 26 058 €20242025 Company: 27 449 €2025010 00020 00030 0002018 Company: —2019 Company: 23 429 €20192020 Company: 16 401 €2021 Company: 17 713 €20212022 Company: 20 911 €2023 Company: 22 446 €20232024 Company: 26 058 €2025 Company: 27 449 €2025
Equity, € 2025: 25 585 € · +5.6% vs 2024
010 00020 00030 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 21 659 €20192020 Company: 14 585 €20202021 Company: 15 622 €20212022 Company: 18 991 €20222023 Company: 20 341 €20232024 Company: 24 225 €20242025 Company: 25 585 €2025010 00020 00030 0002018 Company: —2019 Company: 21 659 €20192020 Company: 14 585 €2021 Company: 15 622 €20212022 Company: 18 991 €2023 Company: 20 341 €20232024 Company: 24 225 €2025 Company: 25 585 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02016 Company: 0 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 120182019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 120202021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02018 Company: 0 Industry median: 12019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 12021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 12023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 0 Industry median: 12025
  • Company
  • Industry median

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

Financials by year
Year Revenue, € Net profit, € Assets, € Equity, € Employees
2025 9 050 1 360 27 449 25 585 0
2024 8 073 3 884 26 058 24 225 0
2023 8 074 1 350 22 446 20 341 0
2022 11 327 3 368 20 911 18 991 0
2021 8 216 1 037 17 713 15 622 0
2020 8 831 927 16 401 14 585 0
2019 8 804 -617 23 429 21 659 0
2018 — — — — 0
2017 — — — — 0
2016 — — — — 0
2015 — — — — 0
2014 — — — — 0
2013 — — — — 0
2012 — — — — 0
2011 — — — — 0
2010 — — — — 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
15.0 %
Net profit / revenue
Return on equity (ROE)
5.3 %
Net profit / equity
Return on assets (ROA)
5.0 %
Net profit / assets
Equity ratio
93.2 %
Equity / assets
Debt ratio
6.8 %
Liabilities / assets
Current ratio
14.73
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 16 Mar 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 3 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 12 May 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 6 May 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 10 May 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 24 May 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 19 Feb 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

  • OÜ SP Vara
    Legal person · 11182553 · 2 556 €

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 58111Publishing of books, brochures and similar publications Main
Rulings
Number, date Title Deadline State Document
Ä 10138895 / 9
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 10138895 / 8
7 Dec 2022
Amendment entry In force
7 Dec 2022
PDF
Ä 10138895 / M1
17 Oct 2018
Ruling to correct data outside an entry 31 Oct 2018 In force
17 Oct 2018
PDF
Ä 10138895 / 7
16 Oct 2018
Amendment entry In force
16 Oct 2018
PDF
Ä 10138895 / 6
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10138895 / 5
1 Dec 2017
Amendment entry In force
1 Dec 2017
PDF
Ä 10138895 / 4
13 Jan 2016
Amendment entry In force
13 Jan 2016
PDF
Ä 10138895 / 3
9 May 2014
Amendment entry In force
9 May 2014
PDF
Ä 10138895 / 2
16 Dec 2011
Amendment entry In force
16 Dec 2011
PDF
Ä 138895
14 Dec 2009
First entry In force
14 Dec 2009
PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data