Thebes OÜ is a OÜ based in Tallinn, registry code 12778408, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €18 341 with 2 employees.
Turnover
18 341 €
↑ 0.5%vs Q2 2026
State taxes
7 486 €
↓ 1.4%vs Q2 2026
Labour taxes
7 886 €
↑ 0.0%vs Q2 2026
Employees
2
±0vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Real estate activities · EMTAK 68
Turnover · Q3 202618 341 €
above 54% of companies
industry median 15 030 € · companies in the industry: 7 443
Labour taxes per employee3 943 €
above 95% of companies
industry median 857 € · companies in the industry: 7 261
Revenue · 2025138 030 €
above 90% of companies
industry median 13 620 € · companies in the industry: 30 471
Net profit margin · 20250.1 %
above 31% of companies
industry median 5.9 % · companies in the industry: 25 043
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € Q3 2026: 18 341 € · +0.5% vs Q2 2026 · industry median 15 030 € · above 54% 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: 3 943 € · +0.0% vs Q2 2026 · industry median 857 € · above 95% 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.
EmployeesQ3 2026: 2 · +0.0% vs Q2 2026State taxes, € Q3 2026: 7 486 € · −1.4% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
18 341
7 486
7 886
2
Q2 2026
18 252
7 595
7 886
2
Q1 2026
24 915
7 711
7 886
2
Q4 2025
11 360
7 838
7 886
2
Q3 2025
16 616
6 901
7 271
2
Q2 2025
16 388
7 605
7 886
2
Q1 2025
23 545
7 145
7 339
2
Q4 2024
33 707
10 257
6 879
2
Q3 2024
27 654
8 518
6 879
2
Q2 2024
16 269
6 535
6 879
2
Q1 2024
15 845
6 356
6 776
2
Q4 2023
15 045
6 357
6 724
2
Q3 2023
14 228
6 339
6 661
2
Q2 2023
15 703
7 021
7 638
2
Q1 2023
15 898
6 394
6 692
2
Q4 2022
21 172
6 722
5 492
3
Q3 2022
37 195
11 011
7 239
3
Q2 2022
37 245
10 042
5 892
3
Q1 2022
24 779
6 419
3 305
2
Labour taxes per employee per month
1 314 €
Turnover per employee in the quarter
9 171 €
Q3 2026 · calculated from EMTA data
Financials by year
2016 – 2025
Revenue, € thousand 2025: 138 030 € · −16.4% vs 2024 · industry median 13 620 € · 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.
Net profit, € 2025: 76 € · −99.8% vs 2024 · industry median 283 € · above 45% 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: 0.1 % · −22.2 pp vs the year before · industry median 5.9 % · above 31% 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: 270 169 € · +10.6% vs 2024Equity, € thousand 2025: 130 824 € · +0.1% vs 2024Employees2025: 2 · +0.0% vs 2024 · industry median 1 · above 70% 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
138 030
76
69 172
270 169
130 824
2
2024
165 155
36 684
66 878
244 316
130 748
2
2023
117 285
11 888
69 958
130 701
94 064
2
2022
169 266
30 837
59 121
95 026
82 176
2
2021
70 340
48 162
11 979
63 236
51 339
1
2020
33 189
-13 938
9 377
12 231
3 177
1
2019
36 734
14 613
8 676
16 829
14 614
1
2018
—
—
—
—
—
1
2017
—
—
—
—
—
1
2016
—
—
—
—
—
1
2015
—
—
—
—
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1
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
0.1 %
Net profit / revenue
Return on equity (ROE)
0.1 %
Net profit / equity
Return on assets (ROA)
0.0 %
Net profit / assets
Equity ratio
48.4 %
Equity / assets
Debt ratio
51.6 %
Liabilities / assets
Current ratio
0.31
Current assets / current liabilities
Revenue per employee
69 015 €
Revenue / average full-time employees
Labour cost per employee per month
2 882 €
Labour costs / employees / 12 months (incl. employer taxes)
