HS Works OÜ is a OÜ based in Tallinn, registry code 12612174, status: active. Main activity: Coating of metals. According to EMTA, turnover for Q3 2026 was €209 857 with 5 employees.
Turnover
209 857 €
↓ 50.8%vs Q2 2026
State taxes
28 412 €
↓ 18.1%vs Q2 2026
Labour taxes
17 874 €
↑ 54.9%vs Q2 2026
Employees
5
−2vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Manufacture of fabricated metal products, except machinery and equipment · EMTAK 25
Turnover · Q3 2026209 857 €
above 72% of companies
industry median 54 051 € · companies in the industry: 1 358
Labour taxes per employee3 575 €
above 83% of companies
industry median 1 944 € · companies in the industry: 1 121
Revenue · 20251.2 mn €
above 86% of companies
industry median 71 144 € · companies in the industry: 1 712
Net profit margin · 202510.0 %
above 69% of companies
industry median 3.4 % · companies in the industry: 1 414
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 209 857 € · −50.8% vs Q2 2026 · industry median 54 051 € · above 72% of the industry
Company
Industry median
Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Labour taxes per employee, € Q3 2026: 3 575 € · +116.9% vs Q2 2026 · industry median 1 944 € · above 83% of the industry
Company
Industry median
Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
EmployeesQ3 2026: 5 · −28.6% vs Q2 2026State taxes, € Q3 2026: 28 412 € · −18.1% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
209 857
28 412
17 874
5
Q2 2026
426 165
34 702
11 539
7
Q1 2026
196 211
24 564
16 673
7
Q4 2025
324 260
49 416
19 837
7
Q3 2025
389 610
45 291
17 439
7
Q2 2025
330 918
35 370
13 946
6
Q1 2025
242 608
29 159
18 245
6
Q4 2024
224 075
42 066
18 697
9
Q3 2024
230 090
35 404
19 364
9
Q2 2024
307 895
42 977
18 010
8
Q1 2024
225 951
32 100
16 259
7
Q4 2023
205 696
28 554
16 499
8
Q3 2023
203 084
29 248
15 443
9
Q2 2023
178 115
23 927
15 372
10
Q1 2023
142 343
21 734
16 041
9
Q4 2022
185 027
26 415
17 185
9
Q3 2022
200 597
27 788
17 526
10
Q2 2022
209 427
28 471
14 676
10
Q1 2022
159 863
24 198
15 728
10
Labour taxes per employee per month
1 192 €
Turnover per employee in the quarter
41 971 €
Q3 2026 · calculated from EMTA data
Financials by year
2016 – 2025
Revenue, € thousand 2025: 1 205 631 € · +27.5% vs 2024 · industry median 71 144 € · above 86% of the industry
Company
Industry median
Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit, € thousand 2025: 120 626 € · +132.6% vs 2024 · industry median 904 € · above 92% of the industry
Company
Industry median
Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit margin, % 2025: 10.0 % · +4.5 pp vs the year before · industry median 3.4 % · above 69% of the industry
Company
Industry median
Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Assets, € thousand 2025: 501 851 € · +25.8% vs 2024Equity, € thousand 2025: 290 976 € · +62.3% vs 2024Employees2025: 8 · −11.1% vs 2024 · industry median 3 · above 70% of the industry
Company
Industry median
Industry: Manufacture of fabricated metal products, except machinery and equipment (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
1 205 631
120 626
181 369
501 851
290 976
8
2024
945 250
51 857
197 448
398 877
179 250
9
2023
767 672
24 667
178 823
309 723
127 393
9
2022
749 098
6 560
184 123
234 542
102 726
11
2021
665 068
14 532
162 704
213 912
96 166
10
2020
690 725
41 972
148 437
183 564
90 856
10
2019
72 191
14 201
42 174
66 838
62 112
3
2018
—
—
—
—
—
3
2017
—
—
—
—
—
3
2016
—
—
—
—
—
3
2015
—
—
—
—
—
3
2014
—
—
—
—
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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
10.0 %
Net profit / revenue
Return on equity (ROE)
41.5 %
Net profit / equity
Return on assets (ROA)
24.0 %
Net profit / assets
Equity ratio
58.0 %
Equity / assets
Debt ratio
42.0 %
Liabilities / assets
Current ratio
2.54
Current assets / current liabilities
Revenue per employee
150 704 €
Revenue / average full-time employees
Labour cost per employee per month
1 889 €
Labour costs / employees / 12 months (incl. employer taxes)
