Downtown Development OÜ

Active Registry code 12820748 OÜ Tallinn Registered 23 Mar 2015

Downtown Development OÜ is a OÜ based in Tallinn, registry code 12820748, status: active. Main activity: Retail sale of clothing. According to EMTA, turnover for Q3 2026 was €87 301 with 1 employees.

Turnover

87 301 €

↓ 8.2% vs Q2 2026

State taxes

13 667 €

↑ 190.5% vs Q2 2026

Labour taxes

2 338 €

↑ 0.0% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Retail trade · EMTAK 47

Turnover · Q3 2026 87 301 €

above 74% of companies

industry median 23 652 € · companies in the industry: 7 652
Labour taxes per employee 2 338 €

above 81% of companies

industry median 1 201 € · companies in the industry: 4 664
Revenue · 2025 210 346 €

above 82% of companies

industry median 16 960 € · companies in the industry: 13 502
Net profit margin · 2025 -17.2 %

above 15% of companies

industry median 1.3 % · companies in the industry: 9 480

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 87 301 € · −8.2% vs Q2 2026 · industry median 23 652 € · above 74% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 338 € · +0.0% vs Q2 2026 · industry median 1 201 € · above 81% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 1 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 13 667 € · +190.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	87 301	13 667	2 338	1
Q2 2026	95 121	4 704	2 338	1
Q1 2026	44 390	9 229	2 338	1
Q4 2025	58 164	16 837	5 190	1
Q3 2025	55 989	15 775	5 466	2
Q2 2025	69 837	12 451	5 009	3
Q1 2025	88 467	13 260	5 172	3
Q4 2024	87 894	14 668	5 194	3
Q3 2024	133 979	17 286	5 358	3
Q2 2024	69 003	15 966	5 036	3
Q1 2024	157 070	16 019	5 163	3
Q4 2023	90 530	17 598	5 231	3
Q3 2023	145 544	18 321	5 069	3
Q2 2023	105 152	22 184	5 791	3
Q1 2023	116 947	14 009	3 864	3
Q4 2022	97 973	18 596	4 419	3
Q3 2022	63 557	12 628	2 827	3
Q2 2022	69 257	18 839	3 017	3
Q1 2022	74 442	19 183	3 034	3

Labour taxes per employee per month

779 €

Turnover per employee in the quarter

87 301 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 210 346 € · −14.3% vs 2024 · industry median 16 960 € · above 82% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: -36 101 € · −87.2% vs 2024 · industry median 0 € · above 2% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -17.2 % · −9.3 pp vs the year before · industry median 1.3 % · above 15% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 105 059 € · −47.4% vs 2024

Equity, € 2025: 8 237 € · −81.4% vs 2024

Employees 2025: 1 · −50.0% vs 2024 · industry median 2 · above 5% of the industry

Company
Industry median

Industry: Retail trade (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	210 346	-36 101	44 023	105 059	8 237	1
2024	245 430	-19 285	51 681	199 561	44 338	2
2023	297 122	11 142	55 122	203 981	63 623	2
2022	286 270	17 005	34 158	166 921	52 481	2
2021	260 864	32 185	34 767	189 604	65 486	3
2020	279 514	-4 669	34 786	139 146	33 366	3
2019	243 098	9 095	54 997	152 990	38 035	4
2018	—	—	—	—	—	4
2017	—	—	—	—	—	4
2016	—	—	—	—	—	4
2015	—	—	—	—	—	4

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

-17.2 %

Net profit / revenue

Return on equity (ROE)

-438.3 %

Net profit / equity

Return on assets (ROA)

-34.4 %

Net profit / assets

Equity ratio

7.8 %

Equity / assets

Debt ratio

92.2 %

Liabilities / assets

Current ratio

2.15

Current assets / current liabilities

Revenue per employee

210 346 €

Revenue / average full-time employees

Labour cost per employee per month

3 669 €

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	26 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	3 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	2 Jul 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	7 Jul 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	29 Mar 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	2 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	30 Jun 2020	Company’s own	e-Äriregister

Board

Jaanika Mägi-Klimenkova
Board member · since 17 Dec 2025
Roman Klimenkov
Board member · since 17 Dec 2025
Nasdaq CSD SE
Keeper of the share register · since 6 Feb 2019

Right of representation

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

Owners

Omanikukonto: ROMAN KLIMENKOV
Natural person · 1 000 €

40%
Omanikukonto: JAANUS MÄGI
Natural person · 500 €

20%
Omanikukonto: JAANIKA MÄGI-KLIMENKOVA
Natural person · 500 €

20%
Omanikukonto: Downtown Development OÜ
Legal person · 12820748 · 500 €

20%

Owner in

Downtown Development OÜ
20%

Beneficial owners

ROMAN KLIMENKOV
Direct ownership · since 16 Dec 2025

Founders and other persons

Tatjana Birjukova
Founder · 2 500 € · 19 Mar 2015

shared board members, owners or beneficial owners

Activities (EMTAK)

47711Retail sale of clothing Main

Rulings 15

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50004942 / 14 17 Dec 2025	Amendment entry		In force 17 Dec 2025	PDF
Ä 50004942 / 13 16 Jul 2024	Amendment under Code of Civil Procedure § 595¹ (1)		In force 16 Jul 2024	PDF
Ä 50004942 / 12 27 Apr 2021	Amendment under Commercial Code § 525 (2)		In force 27 Apr 2021	PDF
Ä 50004942 / 11 20 Dec 2019	Amendment under Commercial Code § 525 (2)		In force 20 Dec 2019	PDF
Ä 50004942 / 10 14 Aug 2019	Amendment under Commercial Code § 525 (2)		In force 14 Aug 2019	PDF
Ä 50004942 / 9 6 Feb 2019	Amendment entry		In force 6 Feb 2019	PDF
Ä 50004942 / 8 22 May 2018	Amendment entry		In force 22 May 2018	PDF
Ä 50004942 / M1 21 May 2018	Ruling to eliminate deficiencies	31 May 2018	Deficiencies eliminated 22 May 2018	PDF
Ä 50004942 / 7 20 Jan 2018	Amendment entry		In force 20 Jan 2018	PDF
Ä 50004942 / 6 9 Dec 2017	Amendment entry		In force 9 Dec 2017	PDF
Ä 50004942 / 5 10 Mar 2016	Amendment entry		In force 10 Mar 2016	PDF
Ä 50004942 / 4 13 Jan 2016	Amendment entry		In force 13 Jan 2016	PDF
Ä 50004942 / 3 12 Aug 2015	Amendment entry		In force 12 Aug 2015	PDF
Ä 50004942 / 2 9 Jun 2015	Amendment entry		In force 9 Jun 2015	PDF
Ä 50004942 23 Mar 2015	First entry		In force 23 Mar 2015	PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data

Downtown Development OÜ

Position in the industry Retail trade · EMTAK 47

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 15