Varsa 16 OÜ

Active Registry code 12823439 OÜ Tartu linn Registered 27 Mar 2015
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Varsa 16 OÜ is a OÜ based in Tartu linn, registry code 12823439, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €0 with employees.

Turnover
0 €
State taxes
—
Labour taxes
—
Employees
—

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

Position in the industry Real estate activities · EMTAK 68

  • Revenue · 2025 46 900 €
    industry median 13 620 € · companies in the industry: 30 470
  • Net profit margin · 2025 70.8 %
    industry median 5.9 % · companies in the industry: 25 042

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 0 € · industry median 15 029 € · above 2% of the industry
05 00010 00015 00020 00025 000Q4 2023 Company: 233 € Industry median: 14 894 €Q4·23Q1 2024 Company: 0 € Industry median: 15 029 €Q2 2024 Company: 0 € Industry median: 14 045 €Q2·24Q3 2024 Company: 3 934 € Industry median: 14 441 €Q4 2024 Company: 5 738 € Industry median: 14 605 €Q4·24Q1 2025 Company: 0 € Industry median: 14 686 €Q2 2025 Company: 0 € Industry median: 14 302 €Q2·25Q3 2025 Company: 0 € Industry median: 14 276 €Q4 2025 Company: 11 290 € Industry median: 14 465 €Q4·25Q1 2026 Company: 20 161 € Industry median: 14 753 €Q2 2026 Company: 0 € Industry median: 14 601 €Q2·26Q3 2026 Company: 0 € Industry median: 15 029 €Q3·2605 00010 00015 00020 00025 000Q4 2024 Company: 5 738 € Industry median: 14 605 €Q1 2025 Company: 0 € Industry median: 14 686 €Q1·25Q2 2025 Company: 0 € Industry median: 14 302 €Q3 2025 Company: 0 € Industry median: 14 276 €Q3·25Q4 2025 Company: 11 290 € Industry median: 14 465 €Q1 2026 Company: 20 161 € Industry median: 14 753 €Q1·26Q2 2026 Company: 0 € Industry median: 14 601 €Q3 2026 Company: 0 € Industry median: 15 029 €Q3·26
  • Company
  • Industry median

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

State taxes, € Q2 2026: 209 € · −95.7% vs Q1 2026
01 0002 0003 0004 0005 000Q4 2023 Company: —Q4·23Q1 2024 Company: —Q2 2024 Company: —Q2·24Q3 2024 Company: 703 €Q4 2024 Company: 1 262 €Q4·24Q1 2025 Company: —Q2 2025 Company: 241 €Q2·25Q3 2025 Company: —Q4 2025 Company: 2 567 €Q4·25Q1 2026 Company: 4 839 €Q2 2026 Company: 209 €Q2·26Q3 2026 Company: —Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 1 262 €Q1 2025 Company: —Q1·25Q2 2025 Company: 241 €Q3 2025 Company: —Q3·25Q4 2025 Company: 2 567 €Q1 2026 Company: 4 839 €Q1·26Q2 2026 Company: 209 €Q3 2026 Company: —Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 — — — —
Q2 2026 — 209 — —
Q1 2026 20 161 4 839 — —
Q4 2025 11 290 2 567 — —
Q3 2025 — — — —
Q2 2025 — 241 — —
Q1 2025 — — — —
Q4 2024 5 738 1 262 — —
Q3 2024 3 934 703 — —
Q2 2024 — — — —
Q1 2024 — — — —
Q4 2023 233 — — —
Q3 2023 — — — —
Q2 2023 — — — —
Q1 2023 25 555 — — —
Q4 2022 — — — —
Q3 2022 — — — —
Q2 2022 100 — — —
Q1 2022 — — — —

Financials by year

2016 – 2025
Revenue, € 2025: 46 900 € · +29.2% vs 2024 · industry median 13 620 € · above 78% of the industry
010 00020 00030 00040 00050 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 11 982 € Industry median: 10 800 €20192020 Company: 16 741 € Industry median: 10 586 €20202021 Company: 16 286 € Industry median: 11 162 €20212022 Company: 11 225 € Industry median: 11 792 €20222023 Company: 16 854 € Industry median: 12 224 €20232024 Company: 36 305 € Industry median: 12 863 €20242025 Company: 46 900 € Industry median: 13 620 €2025010 00020 00030 00040 00050 0002018 Company: — Industry median: —2019 Company: 11 982 € Industry median: 10 800 €20192020 Company: 16 741 € Industry median: 10 586 €2021 Company: 16 286 € Industry median: 11 162 €20212022 Company: 11 225 € Industry median: 11 792 €2023 Company: 16 854 € Industry median: 12 224 €20232024 Company: 36 305 € Industry median: 12 863 €2025 Company: 46 900 € Industry median: 13 620 €2025
  • 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: 33 214 € · +295.1% vs 2024 · industry median 283 € · above 89% of the industry
-10 000010 00020 00030 00040 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 12 724 € Industry median: 205 €20192020 Company: 8 379 € Industry median: 175 €20202021 Company: 316 € Industry median: 250 €20212022 Company: 86 € Industry median: 161 €20222023 Company: -4 762 € Industry median: 154 €20232024 Company: 8 406 € Industry median: 256 €20242025 Company: 33 214 € Industry median: 283 €2025-10 000010 00020 00030 00040 0002018 Company: — Industry median: —2019 Company: 12 724 € Industry median: 205 €20192020 Company: 8 379 € Industry median: 175 €2021 Company: 316 € Industry median: 250 €20212022 Company: 86 € Industry median: 161 €2023 Company: -4 762 € Industry median: 154 €20232024 Company: 8 406 € Industry median: 256 €2025 Company: 33 214 € Industry median: 283 €2025
  • 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: 70.8 % · +47.7 pp vs the year before · industry median 5.9 % · above 86% of the industry
-500501001502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 106.2 % Industry median: 5.7 %20192020 Company: 50.1 % Industry median: 5.6 %20202021 Company: 1.9 % Industry median: 7.4 %20212022 Company: 0.8 % Industry median: 5.9 %20222023 Company: -28.3 % Industry median: 5.2 %20232024 Company: 23.2 % Industry median: 5.9 %20242025 Company: 70.8 % Industry median: 5.9 %2025-500501001502018 Company: — Industry median: —2019 Company: 106.2 % Industry median: 5.7 %20192020 Company: 50.1 % Industry median: 5.6 %2021 Company: 1.9 % Industry median: 7.4 %20212022 Company: 0.8 % Industry median: 5.9 %2023 Company: -28.3 % Industry median: 5.2 %20232024 Company: 23.2 % Industry median: 5.9 %2025 Company: 70.8 % Industry median: 5.9 %2025
  • 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: 120 338 € · +10.3% vs 2024
0501001502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 88 392 €20192020 Company: 82 979 €20202021 Company: 86 903 €20212022 Company: 92 696 €20222023 Company: 132 144 €20232024 Company: 109 143 €20242025 Company: 120 338 €20250501001502018 Company: —2019 Company: 88 392 €20192020 Company: 82 979 €2021 Company: 86 903 €20212022 Company: 92 696 €2023 Company: 132 144 €20232024 Company: 109 143 €2025 Company: 120 338 €2025
Equity, € thousand 2025: 102 649 € · +47.8% vs 2024
02550751001252016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 57 011 €20192020 Company: 65 390 €20202021 Company: 65 705 €20212022 Company: 65 791 €20222023 Company: 61 029 €20232024 Company: 69 435 €20242025 Company: 102 649 €202502550751001252018 Company: —2019 Company: 57 011 €20192020 Company: 65 390 €2021 Company: 65 705 €20212022 Company: 65 791 €2023 Company: 61 029 €20232024 Company: 69 435 €2025 Company: 102 649 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02016 Company: 0 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 120182019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 120202021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02018 Company: 0 Industry median: 12019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 12021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 12023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 0 Industry median: 12025
  • 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 46 900 33 214 0 120 338 102 649 0
2024 36 305 8 406 0 109 143 69 435 0
2023 16 854 -4 762 — 132 144 61 029 0
2022 11 225 86 — 92 696 65 791 0
2021 16 286 316 — 86 903 65 705 0
2020 16 741 8 379 — 82 979 65 390 0
2019 11 982 12 724 — 88 392 57 011 0
2018 — — — — — 0
2017 — — — — — 0
2016 — — — — — 0
2015 — — — — — 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
70.8 %
Net profit / revenue
Return on equity (ROE)
32.4 %
Net profit / equity
Return on assets (ROA)
27.6 %
Net profit / assets
Equity ratio
85.3 %
Equity / assets
Debt ratio
14.7 %
Liabilities / assets
Current ratio
5.55
Current assets / current liabilities

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 26 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 20 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 22 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 18 Mar 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 18 May 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 30 Jan 2020 Company’s own e-Äriregister

Board

  • Ahti Luts
    Board member · since 27 Mar 2015

Right of representation

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

Owners

Beneficial owners

  • Ahti Luts
    Direct ownership · since 29 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68201Rental and operating of own or leased real estate Main
  • 49411Freight transport by road

Rulings 6

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50005243 / 6
8 May 2024
 Amendment entry In force
8 May 2024
 PDF
Ä 50005243 / 5
1 Sep 2023
 Amendment entry In force
1 Sep 2023
 PDF
Ä 50005243 / 4
23 Mar 2022
 Amendment entry In force
23 Mar 2022
 PDF
Ä 50005243 / 3
21 Feb 2018
 Amendment entry In force
21 Feb 2018
 PDF
Ä 50005243 / 2
20 Jan 2018
 Amendment entry In force
20 Jan 2018
 PDF
Ä 50005243
27 Mar 2015
 First entry In force
27 Mar 2015
 PDF

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