Tartu Apartments OÜ

Active Registry code 12477701 OÜ Tartu linn Registered 23 May 2013

Tartu Apartments OÜ is a OÜ based in Tartu linn, registry code 12477701, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €236 457 with 8 employees.

Turnover

236 457 €

↑ 41.9% vs Q2 2026

State taxes

18 094 €

↑ 223.8% vs Q2 2026

Labour taxes

6 606 €

↑ 9.1% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Real estate activities · EMTAK 68

Turnover · Q3 2026 236 457 €

above 91% of companies

industry median 15 030 € · companies in the industry: 7 443
Labour taxes per employee 826 €

above 49% of companies

industry median 857 € · companies in the industry: 7 261
Revenue · 2025 618 530 €

above 98% of companies

industry median 13 620 € · companies in the industry: 30 471
Net profit margin · 2025 20.0 %

above 64% of companies

industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 236 457 € · +41.9% vs Q2 2026 · industry median 15 030 € · above 91% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 826 € · +9.1% vs Q2 2026 · industry median 857 € · above 49% of the industry

Company
Industry median

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

Employees Q3 2026: 8 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 18 094 € · +223.8% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	236 457	18 094	6 606	8
Q2 2026	166 663	5 588	6 056	8
Q1 2026	110 661	—	6 823	7
Q4 2025	141 826	5 870	7 694	7
Q3 2025	138 195	7 745	3 671	8
Q2 2025	55 494	7 037	1 552	8
Q1 2025	57 246	3 368	1 558	5
Q4 2024	54 180	6 646	1 553	5
Q3 2024	45 617	4 313	1 345	3
Q2 2024	53 408	5 294	1 326	3
Q1 2024	56 727	2 470	1 504	2
Q4 2023	52 743	3 664	1 538	2
Q3 2023	47 309	2 294	2 176	2
Q2 2023	55 843	1 304	1 429	3
Q1 2023	56 138	3 856	1 919	3
Q4 2022	51 247	2 855	1 716	3
Q3 2022	43 349	2 798	3 018	3
Q2 2022	47 538	3 261	1 624	3
Q1 2022	48 648	7 505	1 684	3

Labour taxes per employee per month

275 €

Turnover per employee in the quarter

29 557 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 618 530 € · +59.4% vs 2024 · industry median 13 620 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 123 690 € · −97.0% vs 2024 · industry median 283 € · above 94% of the industry

Company
Industry median

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

Net profit margin, % 2025: 20.0 % · −1 037.2 pp vs the year before · industry median 5.9 % · above 64% of the industry

Company
Industry median

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

Assets, € thousand 2025: 8 336 589 € · +6.5% vs 2024

Equity, € thousand 2025: 4 950 782 € · +16.8% vs 2024

Employees 2025: 3 · +200.0% vs 2024 · industry median 1 · above 90% of the industry

Company
Industry median

Industry: Real estate activities (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	618 530	123 690	50 279	8 336 589	4 950 782	3
2024	387 935	4 101 076	17 431	7 827 985	4 237 679	1
2023	428 345	-62 466	15 565	3 841 868	136 603	1
2022	433 028	41 321	25 974	4 001 263	199 069	2
2021	394 111	62 357	43 910	4 094 118	157 748	2
2020	213 089	-35 353	19 637	4 171 811	95 391	3
2019	392 709	136 694	0	4 247 729	130 744	0
2018	—	—	—	—	—	0
2017	—	—	—	—	—	1
2016	—	—	—	—	—	2
2015	—	—	—	—	—	2
2014	—	—	—	—	—	1
2013	—	—	—	—	—	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

20.0 %

Net profit / revenue

Return on equity (ROE)

2.5 %

Net profit / equity

Return on assets (ROA)

1.5 %

Net profit / assets

Equity ratio

59.4 %

Equity / assets

Debt ratio

40.6 %

Liabilities / assets

Current ratio

0.03

Current assets / current liabilities

Revenue per employee

206 177 €

Revenue / average full-time employees

Labour cost per employee per month

1 397 €

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	22 Sep 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	11 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	6 Mar 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	16 May 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	17 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	1 Jul 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	26 Aug 2020	Company’s own · audited	e-Äriregister

Board

Sten Tikk
Board member · since 23 May 2013
Martin Tälli
Board member · since 23 Feb 2024

Right of representation

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

Owners

BHG Finance OÜ
Legal person · 11880562 · 1 250 €

50%
Kala House OÜ
Legal person · 14391808 · 1 250 €

50%

Beneficial owners

STEN TIKK
Indirect ownership · since 12 Jan 2024
Taavet Hinrikus
Indirect ownership · since 22 Oct 2018

Founders and other persons

Osaühing Notorius
Founder · 2 500 € · 22 May 2013
Lihtsalt Teenused OÜ
Audit firm · 1 Jan 2020

shared board members, owners or beneficial owners

Activities (EMTAK)

68201Rental and operating of own or leased real estate Main

Rulings 10

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 20064095 / 10 3 Jul 2025	Second (constitutive) merger entry	In force 3 Jul 2025	PDF
Ä 20064095 / 9 6 May 2025	Amendment entry	In force 6 May 2025	PDF
Ä 20064095 / 8 23 Feb 2024	Amendment entry	In force 23 Feb 2024	PDF
Ä 20064095 / 7 2 Sep 2023	Amendment entry	In force 2 Sep 2023	PDF
Ä 20064095 / 6 20 Apr 2020	Amendment entry	In force 20 Apr 2020	PDF
Ä 20064095 / 5 18 Jan 2018	Amendment entry	In force 18 Jan 2018	PDF
Ä 20064095 / 4 22 Dec 2017	Amendment entry	In force 22 Dec 2017	PDF
Ä 20064095 / 3 6 Dec 2017	Amendment entry	In force 6 Dec 2017	PDF
Ä 20064095 / 2 29 Dec 2015	Amendment under Commercial Code § 525 (2)	In force 29 Dec 2015	PDF
Ä 20064095 23 May 2013	First entry	In force 23 May 2013	PDF

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

Tartu Apartments OÜ

Position in the industry Real estate activities · EMTAK 68

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 10