Karma Ventures OÜ

Active Registry code 12651926 OÜ Tallinn Registered 24 Apr 2014
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Karma Ventures OÜ is a OÜ based in Tallinn, registry code 12651926, status: active. Main activity: Financial consulting. According to EMTA, turnover for Q3 2026 was €164 444 with employees.

Turnover
164 444 €
↓ 53.6% vs Q2 2026
State taxes
21 746 €
↑ 0.0% vs Q2 2026
Labour taxes
22 543 €
↑ 0.0% vs Q2 2026
Employees
—

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

Position in the industry Activities auxiliary to financial services and insurance activities · EMTAK 66

  • Turnover · Q3 2026 164 444 €
    industry median 13 814 € · companies in the industry: 339
  • Revenue · 2025 967 669 €
    industry median 3 200 € · companies in the industry: 1 215
  • Net profit margin · 2025 59.3 %
    industry median 23.7 % · companies in the industry: 667

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 164 444 € · −53.6% vs Q2 2026 · industry median 13 814 € · above 89% of the industry
0200400600Q4 2023 Company: 0 € Industry median: 15 410 €Q4·23Q1 2024 Company: 579 572 € Industry median: 14 567 €Q2 2024 Company: 247 236 € Industry median: 14 307 €Q2·24Q3 2024 Company: 377 236 € Industry median: 15 089 €Q4 2024 Company: 0 € Industry median: 17 023 €Q4·24Q1 2025 Company: 554 608 € Industry median: 15 000 €Q2 2025 Company: 0 € Industry median: 14 295 €Q2·25Q3 2025 Company: 247 304 € Industry median: 15 833 €Q4 2025 Company: 247 880 € Industry median: 14 155 €Q4·25Q1 2026 Company: 285 757 € Industry median: 14 181 €Q2 2026 Company: 354 468 € Industry median: 13 350 €Q2·26Q3 2026 Company: 164 444 € Industry median: 13 814 €Q3·260200400600Q4 2024 Company: 0 € Industry median: 17 023 €Q1 2025 Company: 554 608 € Industry median: 15 000 €Q1·25Q2 2025 Company: 0 € Industry median: 14 295 €Q3 2025 Company: 247 304 € Industry median: 15 833 €Q3·25Q4 2025 Company: 247 880 € Industry median: 14 155 €Q1 2026 Company: 285 757 € Industry median: 14 181 €Q1·26Q2 2026 Company: 354 468 € Industry median: 13 350 €Q3 2026 Company: 164 444 € Industry median: 13 814 €Q3·26
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

State taxes, € thousand Q3 2026: 21 746 € · +0.0% vs Q2 2026
0100200300400500Q4 2023 Company: 20 966 €Q4·23Q1 2024 Company: 45 965 €Q2 2024 Company: 20 965 €Q2·24Q3 2024 Company: 20 965 €Q4 2024 Company: 480 965 €Q4·24Q1 2025 Company: 21 225 €Q2 2025 Company: 21 746 €Q2·25Q3 2025 Company: 21 746 €Q4 2025 Company: 21 746 €Q4·25Q1 2026 Company: 21 746 €Q2 2026 Company: 21 746 €Q2·26Q3 2026 Company: 21 746 €Q3·260100200300400500Q4 2024 Company: 480 965 €Q1 2025 Company: 21 225 €Q1·25Q2 2025 Company: 21 746 €Q3 2025 Company: 21 746 €Q3·25Q4 2025 Company: 21 746 €Q1 2026 Company: 21 746 €Q1·26Q2 2026 Company: 21 746 €Q3 2026 Company: 21 746 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 164 444 21 746 22 543 —
Q2 2026 354 468 21 746 22 543 —
Q1 2026 285 757 21 746 22 543 —
Q4 2025 247 880 21 746 22 543 —
Q3 2025 247 304 21 746 22 543 —
Q2 2025 — 21 746 22 543 —
Q1 2025 554 608 21 225 22 022 —
Q4 2024 — 480 965 21 762 —
Q3 2024 377 236 20 965 21 762 —
Q2 2024 247 236 20 965 21 762 —
Q1 2024 579 572 45 965 21 762 —
Q4 2023 — 20 966 21 762 —
Q3 2023 236 902 20 965 21 762 —
Q2 2023 236 902 20 965 21 762 —
Q1 2023 461 271 20 965 21 762 —
Q4 2022 337 742 20 965 21 762 —
Q3 2022 — 20 974 21 768 —
Q2 2022 225 237 20 965 21 762 —
Q1 2022 504 057 23 413 21 800 —

Financials by year

2016 – 2025
Revenue, € thousand 2025: 967 669 € · −2.0% vs 2024 · industry median 3 200 € · above 98% of the industry
05001 0001 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 260 000 € Industry median: 5 400 €20192020 Company: 1 260 000 € Industry median: 3 790 €20202021 Company: 760 617 € Industry median: 4 200 €20212022 Company: 854 356 € Industry median: 3 539 €20222023 Company: 946 244 € Industry median: 3 094 €20232024 Company: 987 437 € Industry median: 3 510 €20242025 Company: 967 669 € Industry median: 3 200 €202505001 0001 5002018 Company: — Industry median: —2019 Company: 1 260 000 € Industry median: 5 400 €20192020 Company: 1 260 000 € Industry median: 3 790 €2021 Company: 760 617 € Industry median: 4 200 €20212022 Company: 854 356 € Industry median: 3 539 €2023 Company: 946 244 € Industry median: 3 094 €20232024 Company: 987 437 € Industry median: 3 510 €2025 Company: 967 669 € Industry median: 3 200 €2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 573 740 € · +414.5% vs 2024 · industry median 80 € · above 98% of the industry
02004006008002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 437 257 € Industry median: 502 €20192020 Company: 616 455 € Industry median: 93 €20202021 Company: 161 825 € Industry median: 269 €20212022 Company: 446 907 € Industry median: 0 €20222023 Company: 560 713 € Industry median: 10 €20232024 Company: 111 505 € Industry median: 165 €20242025 Company: 573 740 € Industry median: 80 €202502004006008002018 Company: — Industry median: —2019 Company: 437 257 € Industry median: 502 €20192020 Company: 616 455 € Industry median: 93 €2021 Company: 161 825 € Industry median: 269 €20212022 Company: 446 907 € Industry median: 0 €2023 Company: 560 713 € Industry median: 10 €20232024 Company: 111 505 € Industry median: 165 €2025 Company: 573 740 € Industry median: 80 €2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 59.3 % · +48.0 pp vs the year before · industry median 23.7 % · above 69% of the industry
02040602016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 34.7 % Industry median: 28.7 %20192020 Company: 48.9 % Industry median: 24.8 %20202021 Company: 21.3 % Industry median: 27.0 %20212022 Company: 52.3 % Industry median: 20.8 %20222023 Company: 59.3 % Industry median: 21.6 %20232024 Company: 11.3 % Industry median: 23.7 %20242025 Company: 59.3 % Industry median: 23.7 %202502040602018 Company: — Industry median: —2019 Company: 34.7 % Industry median: 28.7 %20192020 Company: 48.9 % Industry median: 24.8 %2021 Company: 21.3 % Industry median: 27.0 %20212022 Company: 52.3 % Industry median: 20.8 %2023 Company: 59.3 % Industry median: 21.6 %20232024 Company: 11.3 % Industry median: 23.7 %2025 Company: 59.3 % Industry median: 23.7 %2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 2 190 592 € · +39.9% vs 2024
01 0002 0003 0004 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 600 738 €20192020 Company: 2 198 761 €20202021 Company: 2 362 969 €20212022 Company: 2 825 804 €20222023 Company: 3 474 811 €20232024 Company: 1 565 353 €20242025 Company: 2 190 592 €202501 0002 0003 0004 0002018 Company: —2019 Company: 1 600 738 €20192020 Company: 2 198 761 €2021 Company: 2 362 969 €20212022 Company: 2 825 804 €2023 Company: 3 474 811 €20232024 Company: 1 565 353 €2025 Company: 2 190 592 €2025
Equity, € thousand 2025: 2 044 171 € · +39.0% vs 2024
01 0002 0003 0004 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 513 026 €20192020 Company: 2 129 481 €20202021 Company: 2 291 306 €20212022 Company: 2 738 213 €20222023 Company: 3 298 926 €20232024 Company: 1 470 431 €20242025 Company: 2 044 171 €202501 0002 0003 0004 0002018 Company: —2019 Company: 1 513 026 €20192020 Company: 2 129 481 €2021 Company: 2 291 306 €20212022 Company: 2 738 213 €2023 Company: 3 298 926 €20232024 Company: 1 470 431 €2025 Company: 2 044 171 €2025
Employees 2025: 2 · +0.0% vs 2024 · industry median 1 · above 65% of the industry
0123452016 Company: 3 Industry median: —20162017 Company: 3 Industry median: —20172018 Company: 5 Industry median: 120182019 Company: 5 Industry median: 120192020 Company: 5 Industry median: 120202021 Company: 4 Industry median: 120212022 Company: 2 Industry median: 120222023 Company: 2 Industry median: 120232024 Company: 2 Industry median: 120242025 Company: 2 Industry median: 120250123452018 Company: 5 Industry median: 12019 Company: 5 Industry median: 120192020 Company: 5 Industry median: 12021 Company: 4 Industry median: 120212022 Company: 2 Industry median: 12023 Company: 2 Industry median: 120232024 Company: 2 Industry median: 12025 Company: 2 Industry median: 12025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance 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 967 669 573 740 212 040 2 190 592 2 044 171 2
2024 987 437 111 505 212 040 1 565 353 1 470 431 2
2023 946 244 560 713 212 040 3 474 811 3 298 926 2
2022 854 356 446 907 212 040 2 825 804 2 738 213 2
2021 760 617 161 825 358 552 2 362 969 2 291 306 4
2020 1 260 000 616 455 385 122 2 198 761 2 129 481 5
2019 1 260 000 437 257 391 323 1 600 738 1 513 026 5
2018 — — — — — 5
2017 — — — — — 3
2016 — — — — — 3
2015 — — — — — 0
2014 — — — — — 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
59.3 %
Net profit / revenue
Return on equity (ROE)
28.1 %
Net profit / equity
Return on assets (ROA)
26.2 %
Net profit / assets
Equity ratio
93.3 %
Equity / assets
Debt ratio
6.7 %
Liabilities / assets
Current ratio
5.97
Current assets / current liabilities
Revenue per employee
483 835 €
Revenue / average full-time employees
Labour cost per employee per month
8 835 €
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 27 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 13 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 26 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 17 Jun 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 23 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 23 Oct 2020 Company’s own e-Äriregister

Board

  • Kristjan Laanemaa
    Board member · since 24 Apr 2014
  • Margus Uudam
    Board member · since 24 Apr 2014
  • Nasdaq CSD SE
    Keeper of the share register · since 1 Feb 2018

Right of representation

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

Owners

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 66191Financial consulting Main
Rulings
Number, date Title Deadline State Document
Ä 10195442 / 7
18 Oct 2022
Amendment under Commercial Code § 525 (2) In force
18 Oct 2022
PDF
Ä 10195442 / 6
1 Feb 2018
Amendment entry In force
1 Feb 2018
PDF
Ä 10195442 / 5
19 Jan 2018
Amendment entry In force
19 Jan 2018
PDF
Ä 10195442 / 4
23 Nov 2017
Amendment entry In force
23 Nov 2017
PDF
Ä 10195442 / 3
12 Sep 2016
Amendment entry In force
12 Sep 2016
PDF
Ä 10195442 / 2
16 Aug 2016
Amendment entry In force
16 Aug 2016
PDF
Ä 10195442
24 Apr 2014
First entry In force
24 Apr 2014
PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data