Aktsiaselts Merko Ehitus Eesti
Active Registry code 12203636
AS Tallinn Registered 9 Dec 2011
Aktsiaselts Merko Ehitus Eesti is a AS based in Tallinn, registry code 12203636, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €63 413 600 with 302 employees.
Turnover
63 413 600 €
↑ 43.2% vs Q2 2026
State taxes
5 271 122 €
↑ 27.5% vs Q2 2026
Labour taxes
2 116 995 €
↓ 19.3% vs Q2 2026
Employees
302
+2 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 63.4 mn €above 98% of companiesindustry median 25 270 € · companies in the industry: 4 695
- Labour taxes per employee 7 010 €above 98% of companiesindustry median 1 210 € · companies in the industry: 4 132
- Revenue · 2025 132.7 mn €above 98% of companiesindustry median 38 239 € · companies in the industry: 6 999
- Net profit margin · 2025 5.9 %above 57% of companiesindustry median 3.5 % · companies in the industry: 5 561
Taxes and turnover
- 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.
- 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.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 63 413 600 | 5 271 122 | 2 116 995 | 302 |
| Q2 2026 | 44 297 755 | 4 135 225 | 2 622 765 | 300 |
| Q1 2026 | 36 728 888 | 3 692 001 | 2 455 854 | 292 |
| Q4 2025 | 37 438 116 | 3 823 938 | 2 496 402 | 285 |
| Q3 2025 | 36 154 590 | 5 372 314 | 2 121 452 | 287 |
| Q2 2025 | 32 218 791 | 3 935 931 | 3 067 921 | 283 |
| Q1 2025 | 41 054 149 | 3 725 571 | 2 661 005 | 285 |
| Q4 2024 | 61 587 863 | 3 073 103 | 1 877 607 | 292 |
| Q3 2024 | 67 067 873 | 5 870 998 | 1 902 008 | 292 |
| Q2 2024 | 47 849 166 | 5 036 136 | 3 262 973 | 299 |
| Q1 2024 | 45 705 446 | 5 366 311 | 2 724 732 | 291 |
| Q4 2023 | 68 878 270 | 6 394 426 | 2 063 569 | 297 |
| Q3 2023 | 98 421 153 | 10 161 983 | 2 210 185 | 299 |
| Q2 2023 | 70 312 083 | 7 608 734 | 3 018 375 | 308 |
| Q1 2023 | 52 619 586 | 4 716 604 | 2 461 067 | 304 |
| Q4 2022 | 52 049 432 | 2 656 753 | 1 866 560 | 305 |
| Q3 2022 | 43 914 536 | 3 696 138 | 1 985 237 | 307 |
| Q2 2022 | 44 443 954 | 2 847 887 | 3 007 924 | 308 |
| Q1 2022 | 41 934 765 | 4 472 798 | 1 998 526 | 299 |
Labour taxes per employee per month
2 337 €
Turnover per employee in the quarter
209 979 €
Q3 2026 · calculated from EMTA data
Financials by year
- 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.
- 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.
- 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.
- 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.
| Year | Revenue, € | Net profit, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|
| 2025 | 132 741 000 | 7 807 000 | 104 250 000 | 53 169 000 | 284 |
| 2024 | 191 061 000 | 26 553 000 | 110 889 000 | 52 148 000 | 285 |
| 2023 | 251 797 000 | 19 646 000 | 158 672 000 | 82 344 000 | 312 |
| 2022 | 175 750 000 | 16 192 000 | 160 889 000 | 73 198 000 | 309 |
| 2021 | 175 389 000 | 26 071 000 | 111 478 000 | 62 382 000 | 0 |
| 2020 | 131 165 000 | 7 158 000 | 106 044 000 | 68 814 000 | 285 |
| 2019 | 126 193 000 | — | 102 943 000 | — | 293 |
| 2018 | — | — | — | — | 303 |
| 2017 | — | — | — | — | 299 |
| 2016 | — | — | — | — | 320 |
| 2015 | — | — | — | — | 304 |
| 2014 | — | — | — | — | 595 |
| 2013 | — | — | — | — | 316 |
| 2012 | — | — | — | — | 314 |
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
5.9 %
Net profit / revenue
Return on equity (ROE)
14.7 %
Net profit / equity
Return on assets (ROA)
7.5 %
Net profit / assets
Equity ratio
51.0 %
Equity / assets
Debt ratio
49.0 %
Liabilities / assets
Current ratio
1.32
Current assets / current liabilities
Revenue per employee
467 398 €
Revenue / average full-time employees
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 27 May 2026 | Consolidated · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 15 May 2025 | Consolidated · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 28 May 2024 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 19 May 2023 | Consolidated · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 3 May 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 14 May 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 30 Oct 2020 | Consolidated · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 7 | 7 200 000 € | Swedbank AS | 3 Jul 2023 – in force |
| 6 | 4 200 000 € | Swedbank AS | 2 Jun 2020 – in force |
| 5 | 3 834 699 € | Swedbank AS | 30 Jan 2012 – in force |
| 4 | 1 917 349 € | AS SEB Pank | 30 Jan 2012 – in force |
| 3 | 3 834 699 € | Swedbank AS | 30 Jan 2012 – in force |
| 2 | 1 917 348 € | Luminor Bank AS | 30 Jan 2012 – in force |
| 1 | 5 112 932 € | Swedbank AS | 30 Jan 2012 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Jaan MäeBoard member · since 3 Feb 2012
- Veljo ViitmannBoard member · since 3 Feb 2012
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 5.10%
- 100%
- 100%
Beneficial owners
- Toomas AnnusIndirect ownership · since 5 Sep 2018
Founders and other persons
- Aktsiaselts MERKO EHITUSFounder · 100 000 € · 29 Nov 2011
- Ago ViluAudit firm · 27 Apr 2017
- Ivo VolkovSupervisory board member · 1 Jan 2024
- Martin RebaneSupervisory board member · 9 May 2025
- Urmas SomelarSupervisory board member · 1 Jun 2026
- Omanikukonto: AS MERKO EHITUSShareholder · 20 100 000 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 41001Construction of residential and non-residential buildings Main
- 42991Construction of other civil engineering projects n.e.c.
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10163140 / 23 11 Aug 2026 |
Amendment entry | In force 11 Aug 2026 |
||
| Ä 10163140 / 22 9 Dec 2024 |
Division entry (second, constitutive) | In force 9 Dec 2024 |
||
| Ä 10163140 / 21 29 Feb 2024 |
Division entry (second, constitutive) | In force 29 Feb 2024 |
||
| Ä 10163140 / M18 12 Jan 2024 |
Ruling to eliminate deficiencies | 12 Mar 2024 | Deficiencies eliminated 27 Feb 2024 |
|
| Ä 10163140 / 20 12 Jan 2024 |
Amendment entry | In force 12 Jan 2024 |
||
| Ä 10163140 / 19 12 Jan 2024 |
Amendment entry | In force 12 Jan 2024 |
||
| K 10163140 / 18 3 Jul 2023 |
Commercial pledge entered | In force 3 Jul 2023 |
||
| K 10163140 / M17 30 Jun 2023 |
Ruling to eliminate deficiencies | 15 Jul 2023 | Deficiencies eliminated 30 Jun 2023 |
|
| Ä 10163140 / 17 4 Jan 2021 |
Amendment entry | In force 4 Jan 2021 |
||
| K 10163140 / 16 2 Jun 2020 |
Commercial pledge entered | In force 2 Jun 2020 |
||
| Ä 10163140 / 15 14 Jan 2020 |
Amendment entry | In force 14 Jan 2020 |
||
| Ä 10163140 / M16 9 Jan 2020 |
Procedural ruling | In force 9 Jan 2020 |
||
| Ä 10163140 / 14 1 Oct 2019 |
Amendment entry | In force 1 Oct 2019 |
||
| Ä 10163140 / 13 20 Jun 2019 |
Division entry (second, constitutive) | In force 20 Jun 2019 |
||
| Ä 10163140 / M15 2 Oct 2018 |
Refund of the state fee | In force 2 Oct 2018 |
||
| Ä 10163140 / M14 2 Oct 2018 |
Refund of the state fee | In force 2 Oct 2018 |
||
| Ä 10163140 / M13 2 Oct 2018 |
Refund of the state fee | In force 2 Oct 2018 |
||
| Ä 10163140 / M12 21 Sep 2018 |
Procedural ruling | In force 21 Sep 2018 |
||
| Ä 10163140 / 12 24 May 2018 |
Second (constitutive) merger entry | In force 24 May 2018 |
||
| Ä 10163140 / M11 2 Apr 2018 |
Ruling annulling a ruling | In force 2 Apr 2018 |
||
| K 10163140 / 11 12 Mar 2018 |
Commercial pledge amended | In force 12 Mar 2018 |
||
| Ä 10163140 / 10 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10163140 / 9 2 Dec 2017 |
Amendment entry | In force 2 Dec 2017 |
||
| Ä 10163140 / 8 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10163140 / 7 26 Nov 2016 |
Amendment entry | In force 26 Nov 2016 |
||
| Ä 10163140 / M9 24 Nov 2016 |
Ruling to eliminate deficiencies | 14 Dec 2016 | Deficiencies eliminated 25 Nov 2016 |
|
| Ä 10163140 / 6 31 Aug 2016 |
Amendment entry | In force 31 Aug 2016 |
||
| Ä 10163140 / M8 20 Mar 2015 |
Ruling to correct data outside an entry | 19 Apr 2015 | In force 20 Mar 2015 |
|
| K 10163140 / 5 14 Jul 2014 |
Commercial pledge amended | In force 14 Jul 2014 |
||
| K 10163140 / M7 9 Jul 2014 |
Ruling to eliminate deficiencies | 8 Aug 2014 | Deficiencies eliminated 14 Jul 2014 |
|
| K 10163140 / M6 30 Jun 2014 |
Ruling to eliminate deficiencies | 30 Jul 2014 | Deficiencies eliminated 14 Jul 2014 |
|
| Ä 10163140 / 4 29 May 2014 |
Amendment entry | In force 29 May 2014 |
||
| Ä 10163140 / M5 27 May 2014 |
Ruling to eliminate deficiencies | 16 Jun 2014 | Deficiencies eliminated 29 May 2014 |
|
| Ä 10163140 / 3 29 Aug 2012 |
Amendment entry | In force 29 Aug 2012 |
||
| Ä 10163140 / M4 27 Aug 2012 |
Ruling to eliminate deficiencies | 20 Oct 2012 | In force 27 Aug 2012 |
|
| Ä 10163140 / M3 10 Aug 2012 |
Ruling to eliminate deficiencies | 20 Oct 2012 | In force 10 Aug 2012 |
|
| Ä 10163140 / 2 3 Feb 2012 |
Amendment entry | In force 3 Feb 2012 |
||
| Ä 10163140 / M2 30 Jan 2012 |
Ruling to eliminate deficiencies | 2 Apr 2012 | In force 30 Jan 2012 |
|
| K 10165047 / 5 30 Jan 2012 |
Commercial pledge entered | In force 30 Jan 2012 |
||
| K 10165047 / 4 30 Jan 2012 |
Commercial pledge entered | In force 30 Jan 2012 |
||
| K 10165047 / 3 30 Jan 2012 |
Commercial pledge entered | In force 30 Jan 2012 |
||
| K 10165047 / 2 30 Jan 2012 |
Commercial pledge entered | In force 30 Jan 2012 |
||
| K 10165047 30 Jan 2012 |
Commercial pledge entered | In force 30 Jan 2012 |
||
| Ä 10163140 9 Dec 2011 |
First entry | In force 9 Dec 2011 |
||
| Ä 10163140 / M1 6 Dec 2011 |
Ruling to eliminate deficiencies | 30 Jan 2012 | In force 6 Dec 2011 |
Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data