Arhitekt Must OÜ is a OÜ based in Tallinn, registry code 12310987, status: active. Main activity: Architectural activities. According to EMTA, turnover for Q3 2026 was €167 664 with 9 employees.
Turnover
167 664 €
↑ 53.3%vs Q2 2026
State taxes
43 425 €
↑ 52.5%vs Q2 2026
Labour taxes
19 962 €
↑ 27.9%vs Q2 2026
Employees
9
+5vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Architectural and engineering activities; technical testing and analysis · EMTAK 71
Turnover · Q3 2026167 664 €
above 92% of companies
industry median 16 250 € · companies in the industry: 2 781
Labour taxes per employee2 218 €
above 60% of companies
industry median 1 751 € · companies in the industry: 1 910
Revenue · 2025744 045 €
above 98% of companies
industry median 23 548 € · companies in the industry: 4 824
Net profit margin · 2025-1.8 %
above 24% of companies
industry median 15.1 % · companies in the industry: 3 876
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 167 664 € · +53.3% vs Q2 2026 · industry median 16 250 € · above 92% of the industry
Company
Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Labour taxes per employee, € Q3 2026: 2 218 € · −43.2% vs Q2 2026 · industry median 1 751 € · above 60% of the industry
Company
Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
EmployeesQ3 2026: 9 · +125.0% vs Q2 2026State taxes, € Q3 2026: 43 425 € · +52.5% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
167 664
43 425
19 962
9
Q2 2026
109 374
28 483
15 613
4
Q1 2026
97 404
24 311
17 481
3
Q4 2025
95 961
28 029
24 671
4
Q3 2025
293 110
41 539
25 908
5
Q2 2025
115 127
25 512
20 538
6
Q1 2025
225 077
39 490
17 006
6
Q4 2024
190 381
22 945
16 492
5
Q3 2024
188 927
41 802
19 192
7
Q2 2024
37 352
14 823
18 573
6
Q1 2024
219 764
28 419
18 690
7
Q4 2023
342 950
63 684
24 374
7
Q3 2023
234 860
48 499
25 513
8
Q2 2023
187 283
10 603
19 609
7
Q1 2023
195 102
48 602
25 798
8
Q4 2022
136 229
31 913
19 229
6
Q3 2022
215 437
38 768
18 045
7
Q2 2022
324 655
59 322
17 997
7
Q1 2022
56 706
22 159
20 828
6
Labour taxes per employee per month
739 €
Turnover per employee in the quarter
18 629 €
Q3 2026 · calculated from EMTA data
Financials by year
2016 – 2025
Revenue, € thousand 2025: 744 045 € · +47.9% vs 2024 · industry median 23 548 € · above 98% of the industry
Company
Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit, € thousand 2025: -13 573 € · +92.1% vs 2024 · industry median 1 536 € · above 7% of the industry
Company
Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit margin, % 2025: -1.8 % · +32.5 pp vs the year before · industry median 15.1 % · above 24% of the industry
Company
Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Assets, € thousand 2025: 232 421 € · +24.4% vs 2024Equity, € thousand 2025: 51 497 € · −20.9% vs 2024Employees2025: 5 · +0.0% vs 2024 · industry median 1 · above 88% of the industry
Company
Industry median
Industry: Architectural and engineering activities; technical testing and analysis (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
744 045
-13 573
206 713
232 421
51 497
5
2024
503 150
-172 703
177 271
186 852
65 070
5
2023
913 889
73 432
218 740
409 278
237 773
7
2022
892 893
141 161
195 509
357 853
164 341
6
2021
954 037
-10 668
156 234
164 200
39 430
5
2020
758 506
41 927
140 363
133 635
50 098
5
2019
233 004
4 937
50 797
134 936
43 171
3
2018
—
—
—
—
—
3
2017
—
—
—
—
—
2
2016
—
—
—
—
—
2
2015
—
—
—
—
—
1
2014
—
—
—
—
—
0
2013
—
—
—
—
—
0
2012
—
—
—
—
—
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
-1.8 %
Net profit / revenue
Return on equity (ROE)
-26.4 %
Net profit / equity
Return on assets (ROA)
-5.8 %
Net profit / assets
Equity ratio
22.2 %
Equity / assets
Debt ratio
77.8 %
Liabilities / assets
Current ratio
1.26
Current assets / current liabilities
Revenue per employee
148 809 €
Revenue / average full-time employees
Labour cost per employee per month
3 445 €
Labour costs / employees / 12 months (incl. employer taxes)
