Masal Grupp OÜ

Active Registry code 11901338 OÜ Kangru alevik Registered 1 Mar 2010

Masal Grupp OÜ is a OÜ based in Kangru alevik, registry code 11901338, status: active. Main activity: Construction of utility projects for fluids. According to EMTA, turnover for Q3 2026 was €92 811 with 3 employees.

Turnover

92 811 €

↑ 30.0% vs Q2 2026

State taxes

17 964 €

↑ 28.5% vs Q2 2026

Labour taxes

10 491 €

↑ 5.8% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Civil engineering · EMTAK 42

Turnover · Q3 2026 92 811 €

above 60% of companies

industry median 52 240 € · companies in the industry: 1 125
Labour taxes per employee 3 497 €

above 79% of companies

industry median 1 750 € · companies in the industry: 933
Revenue · 2025 859 618 €

above 81% of companies

industry median 88 960 € · companies in the industry: 1 426
Net profit margin · 2025 -9.2 %

above 15% of companies

industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 92 811 € · +30.0% vs Q2 2026 · industry median 52 240 € · above 60% of the industry

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: 3 497 € · +5.8% vs Q2 2026 · industry median 1 750 € · above 79% of the industry

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: 3 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 17 964 € · +28.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	92 811	17 964	10 491	3
Q2 2026	71 372	13 978	9 918	3
Q1 2026	177 505	27 340	11 215	3
Q4 2025	195 140	19 960	11 754	4
Q3 2025	329 728	24 437	11 175	4
Q2 2025	222 287	14 812	10 538	3
Q1 2025	240 625	12 825	10 342	3
Q4 2024	360 697	25 979	9 829	3
Q3 2024	437 275	40 089	9 892	3
Q2 2024	276 138	21 390	8 413	3
Q1 2024	137 227	12 287	7 406	3
Q4 2023	209 365	13 710	7 435	3
Q3 2023	147 859	8 765	7 749	3
Q2 2023	232 472	22 609	7 305	3
Q1 2023	256 978	13 437	7 875	4
Q4 2022	267 056	14 589	6 865	4
Q3 2022	277 749	11 909	5 924	4
Q2 2022	292 172	26 270	7 755	4
Q1 2022	183 667	23 955	9 565	4

Labour taxes per employee per month

1 166 €

Turnover per employee in the quarter

30 937 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 859 618 € · −28.9% vs 2024 · industry median 88 960 € · above 81% of the industry

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: -79 497 € · −166.3% vs 2024 · industry median 2 500 € · above 2% of the industry

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: -9.2 % · −19.2 pp vs the year before · industry median 5.0 % · above 15% of the industry

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: 398 461 € · −11.0% vs 2024

Equity, € thousand 2025: 210 316 € · −27.4% vs 2024

Employees 2025: 3 · +50.0% vs 2024 · industry median 2 · above 55% of the industry

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	859 618	-79 497	97 617	398 461	210 316	3
2024	1 209 687	119 909	81 922	447 919	289 813	2
2023	742 596	-13 061	68 457	357 924	169 904	3
2022	1 083 191	96 935	72 721	488 142	182 964	4
2021	1 224 548	-52 539	104 184	336 016	86 029	6
2020	1 103 073	-47 421	121 336	380 998	138 568	7
2019	1 774 937	75 420	130 666	545 621	185 989	8
2018	—	—	—	—	—	9
2017	—	—	—	—	—	10
2016	—	—	—	—	—	9
2015	—	—	—	—	—	9
2014	—	—	—	—	—	9
2013	—	—	—	—	—	9
2012	—	—	—	—	—	6
2011	—	—	—	—	—	5
2010	—	—	—	—	—	2

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

-9.2 %

Net profit / revenue

Return on equity (ROE)

-37.8 %

Net profit / equity

Return on assets (ROA)

-20.0 %

Net profit / assets

Equity ratio

52.8 %

Equity / assets

Debt ratio

47.2 %

Liabilities / assets

Current ratio

1.59

Current assets / current liabilities

Revenue per employee

286 539 €

Revenue / average full-time employees

Labour cost per employee per month

2 712 €

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	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	10 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	20 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	27 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	29 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	30 Jun 2020	Company’s own	e-Äriregister

Board

Marko Loog
Board member · since 8 Dec 2011

Right of representation

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

Owners

Marko Loog
Natural person · 2 556 €

100%

Beneficial owners

Marko Loog
Direct ownership · since 19 Oct 2018

Founders and other persons

No other persons.

Activities (EMTAK)

42211Construction of utility projects for fluids Main
47811Retail sale of motor vehicles

Rulings 10

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 40027393 / 9 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
Ä 40027393 / 8 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 40027393 / 7 1 Dec 2017	Amendment entry		In force 1 Dec 2017	PDF
Ä 40027393 / 6 8 Dec 2011	Amendment entry		In force 8 Dec 2011	PDF
Ä 40027393 / M1 2 Dec 2011	Ruling to eliminate deficiencies	1 Feb 2012	In force 2 Dec 2011	PDF
Ä 40027393 / 5 22 Apr 2010	Amendment entry		In force 22 Apr 2010	PDF
Ä 40027393 / 4 13 Apr 2010	Note on closing the former card of a transformed company		In force 13 Apr 2010	PDF
Ä 40027393 / 3 13 Apr 2010	Second (constitutive) transformation entry		In force 13 Apr 2010	PDF
Ä 40027393 / 2 13 Apr 2010	First (declaratory) transformation entry		In force 13 Apr 2010	PDF
Ä 40027393 1 Mar 2010	First entry		In force 1 Mar 2010	PDF

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