V SpaaHotell OÜ

Active Registry code 12850301 OÜ Tartu linn Registered 14 May 2015

V SpaaHotell OÜ is a OÜ based in Tartu linn, registry code 12850301, status: active. Main activity: Hotels. According to EMTA, turnover for Q3 2026 was €1 712 727 with 133 employees.

Turnover

1 712 727 €

↓ 10.2% vs Q2 2026

State taxes

220 654 €

↓ 19.6% vs Q2 2026

Labour taxes

207 622 €

↑ 4.1% vs Q2 2026

Employees

133

±0 vs Q2 2026

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

Position in the industry Accommodation · EMTAK 55

Turnover · Q3 2026 1.7 mn €

above 98% of companies

industry median 14 443 € · companies in the industry: 1 209
Labour taxes per employee 1 561 €

above 69% of companies

industry median 1 201 € · companies in the industry: 655
Revenue · 2025 6.8 mn €

above 98% of companies

industry median 12 949 € · companies in the industry: 2 211
Net profit margin · 2025 -2.5 %

above 34% of companies

industry median 3.6 % · companies in the industry: 1 824

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 712 727 € · −10.2% vs Q2 2026 · industry median 14 443 € · above 98% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 1 561 € · +4.1% vs Q2 2026 · industry median 1 201 € · above 69% of the industry

Company
Industry median

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

Employees Q3 2026: 133 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 220 654 € · −19.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 712 727	220 654	207 622	133
Q2 2026	1 907 970	274 581	199 506	133
Q1 2026	2 000 030	245 928	207 204	130
Q4 2025	1 787 024	263 439	217 953	127
Q3 2025	1 689 565	242 430	223 806	126
Q2 2025	1 777 349	294 457	210 491	123
Q1 2025	1 929 010	255 391	222 891	123
Q4 2024	1 874 498	223 421	202 538	125
Q3 2024	1 707 369	219 579	214 180	123
Q2 2024	1 914 387	258 034	208 622	120
Q1 2024	1 893 938	199 246	197 568	118
Q4 2023	1 819 558	203 009	182 441	120
Q3 2023	1 456 763	241 886	183 146	112
Q2 2023	1 773 790	191 411	160 599	112
Q1 2023	2 039 768	187 971	219 395	114
Q4 2022	1 896 736	299 414	183 294	123
Q3 2022	1 714 069	243 816	170 886	142
Q2 2022	1 628 406	157 279	154 159	131
Q1 2022	1 558 751	147 818	147 029	124

Labour taxes per employee per month

520 €

Turnover per employee in the quarter

12 878 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 6 844 762 € · −4.6% vs 2024 · industry median 12 949 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: -173 040 € · −177.9% vs 2024 · industry median 94 € · above 2% of the industry

Company
Industry median

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

Net profit margin, % 2025: -2.5 % · −5.6 pp vs the year before · industry median 3.6 % · above 34% of the industry

Company
Industry median

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

Assets, € thousand 2025: 1 439 213 € · −20.6% vs 2024

Equity, € thousand 2025: 184 577 € · −64.7% vs 2024

Employees 2025: 91 · −9.0% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Accommodation (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	6 844 762	-173 040	2 224 352	1 439 213	184 577	91
2024	7 171 301	222 030	2 232 608	1 811 562	522 618	100
2023	6 708 434	259 744	1 993 284	2 030 121	619 637	90
2022	6 690 848	317 744	1 769 048	2 426 686	636 256	88
2021	4 552 999	231 285	1 443 459	2 177 593	858 512	82
2020	4 216 285	-56 851	1 350 781	1 940 056	627 227	78
2019	5 563 396	377 481	1 549 206	2 154 589	684 078	88
2018	—	—	—	—	—	94
2017	—	—	—	—	—	96
2016	—	—	—	—	—	16
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

-2.5 %

Net profit / revenue

Return on equity (ROE)

-93.7 %

Net profit / equity

Return on assets (ROA)

-12.0 %

Net profit / assets

Equity ratio

12.8 %

Equity / assets

Debt ratio

87.2 %

Liabilities / assets

Current ratio

0.77

Current assets / current liabilities

Revenue per employee

75 217 €

Revenue / average full-time employees

Labour cost per employee per month

2 037 €

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 · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	26 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	1 Jul 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	17 Aug 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	29 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	6 Aug 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
2	964 000 €	AS LHV Pank	15 May 2019 – in force
1	466 000 €	AS LHV Pank	3 Jun 2016 – in force

Board

Veiko Mahlakas
Board member · since 14 May 2015
Marko Johanson
Board member · since 30 Dec 2016
Viljo Naar
Board member · since 30 Dec 2016
Triinu Teras
Board member · since 26 Nov 2018

Right of representation

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

Owners

Talentia OÜ
Legal person · 11323717 · 6 000 €

66.67%
OÜ Hoston Holdings
Legal person · 10203595 · 3 000 €

33.33%

Beneficial owners

Marko Johanson
Direct ownership · since 18 Oct 2018
Veiko Mahlakas
Direct ownership · since 18 Oct 2018
Viljo Naar
Direct ownership · since 18 Oct 2018

Founders and other persons

OÜ Hoston Holdings
Founder · 3 000 € · 14 May 2015
Talentia OÜ
Founder · 6 000 € · 14 May 2015

shared board members, owners or beneficial owners

Activities (EMTAK)

55101Hotels Main
56111Activities of restaurants and cafes

Rulings 11

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50008258 / 10 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
K 50008258 / 9 15 May 2019	Commercial pledge entered		In force 15 May 2019	PDF
Ä 50008258 / 8 26 Nov 2018	Amendment entry		In force 26 Nov 2018	PDF
Ä 50008258 / M1 22 Nov 2018	Ruling to eliminate deficiencies	6 Dec 2018	Deficiencies eliminated 26 Nov 2018	PDF
Ä 50008258 / 7 19 Jan 2018	Amendment entry		In force 19 Jan 2018	PDF
Ä 50008258 / 6 22 Dec 2017	Amendment entry		In force 22 Dec 2017	PDF
Ä 50008258 / 5 10 Dec 2017	Amendment entry		In force 10 Dec 2017	PDF
Ä 50008258 / 4 30 Dec 2016	Amendment entry		In force 30 Dec 2016	PDF
K 50008258 / 3 3 Jun 2016	Commercial pledge entered		In force 3 Jun 2016	PDF
Ä 50008258 / 2 15 Dec 2015	Amendment entry		In force 15 Dec 2015	PDF
Ä 50008258 14 May 2015	First entry		In force 14 May 2015	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

V SpaaHotell OÜ

Position in the industry Accommodation · EMTAK 55

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 11