URETEK Baltic OÜ

Active Registry code 12856953 OÜ Tallinn Registered 28 May 2015

URETEK Baltic OÜ is a OÜ based in Tallinn, registry code 12856953, status: active. Main activity: Other specialised construction activities n.e.c.. According to EMTA, turnover for Q3 2026 was €286 149 with 7 employees.

Turnover

286 149 €

↑ 66.2% vs Q2 2026

State taxes

82 495 €

↑ 38.0% vs Q2 2026

Labour taxes

56 392 €

↑ 15.1% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Specialised construction activities · EMTAK 43

Turnover · Q3 2026 286 149 €

above 93% of companies

industry median 23 017 € · companies in the industry: 6 974
Labour taxes per employee 8 056 €

above 98% of companies

industry median 1 236 € · companies in the industry: 5 958
Revenue · 2025 1.3 mn €

above 98% of companies

industry median 37 328 € · companies in the industry: 10 311
Net profit margin · 2025 -40.1 %

above 6% of companies

industry median 3.9 % · companies in the industry: 8 588

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 286 149 € · +66.2% vs Q2 2026 · industry median 23 017 € · above 93% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 8 056 € · +15.1% vs Q2 2026 · industry median 1 236 € · above 98% of the industry

Company
Industry median

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

Employees Q3 2026: 7 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 82 495 € · +38.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	286 149	82 495	56 392	7
Q2 2026	172 169	59 767	48 986	7
Q1 2026	150 389	53 669	50 662	6
Q4 2025	137 524	60 900	57 673	6
Q3 2025	222 118	80 255	74 414	6
Q2 2025	171 990	98 557	87 892	9
Q1 2025	172 533	96 722	81 958	12
Q4 2024	193 582	72 179	73 912	11
Q3 2024	255 345	103 598	81 628	12
Q2 2024	215 676	72 241	69 146	11
Q1 2024	174 909	79 859	69 086	11
Q4 2023	250 043	76 500	63 001	10
Q3 2023	215 965	81 423	64 811	10
Q2 2023	185 040	71 803	65 578	10
Q1 2023	119 171	58 289	57 510	11
Q4 2022	334 383	93 338	55 949	11
Q3 2022	403 717	101 907	64 388	11
Q2 2022	266 289	74 442	58 806	13
Q1 2022	224 311	73 409	51 262	12

Labour taxes per employee per month

2 685 €

Turnover per employee in the quarter

40 878 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 1 282 317 € · −41.8% vs 2024 · industry median 37 328 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: -514 806 € · −584.2% vs 2024 · industry median 561 € · above 2% of the industry

Company
Industry median

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

Net profit margin, % 2025: -40.1 % · −36.7 pp vs the year before · industry median 3.9 % · above 6% of the industry

Company
Industry median

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

Assets, € thousand 2025: 442 950 € · −53.6% vs 2024

Equity, € thousand 2025: -96 575 € · −123.1% vs 2024

Employees 2025: 13 · −13.3% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Specialised construction 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	1 282 317	-514 806	829 923	442 950	-96 575	13
2024	2 203 880	-75 241	954 403	955 580	417 230	15
2023	2 169 899	151 005	808 766	1 027 722	561 214	15
2022	2 048 031	-1 774	747 925	861 437	410 210	15
2021	1 488 116	-1 732	609 848	808 211	412 021	12
2020	1 232 197	4 507	510 631	883 429	413 753	10
2019	1 161 380	-126 372	495 015	709 954	409 246	9
2018	—	—	—	—	—	8
2017	—	—	—	—	—	7
2016	—	—	—	—	—	6
2015	—	—	—	—	—	2

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

-40.1 %

Net profit / revenue

Return on assets (ROA)

-116.2 %

Net profit / assets

Equity ratio

-21.8 %

Equity / assets

Debt ratio

121.8 %

Liabilities / assets

Current ratio

0.81

Current assets / current liabilities

Revenue per employee

98 667 €

Revenue / average full-time employees

Labour cost per employee per month

5 320 €

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	10 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	27 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	21 Jul 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	23 Aug 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	30 Oct 2020	Company’s own · audited	e-Äriregister

Board

Roman Reiner-Latõšev
Board member · since 28 May 2015

Right of representation

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

Owners

Osaühing E.E.E. ARENDUS
Legal person · 10201751 · 58 650 €

51%
Geobear International OY
Legal person · 56 350 €

49%

Beneficial owners

Jarmo Luht
Member of a senior management body (management or supervisory board) · since 14 Apr 2026
Roman Reiner-Latõšev
Member of a senior management body (management or supervisory board) · since 17 May 2023

Founders and other persons

Osaühing E.E.E. ARENDUS
Founder · 1 275 € · 15 May 2015
PowerPile Suomi Oy
Founder · 1 225 € · 15 May 2015
Jarmo Luht
Chairman of the supervisory board · 15 May 2015
Mihkel Vaidlo
Supervisory board member · 15 May 2015
Asim Babulal Shaikh
Supervisory board member · 17 Mar 2021

shared board members, owners or beneficial owners

Activities (EMTAK)

4399Other specialised construction activities n.e.c. Main

Rulings 17

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50008911 / 10 25 Jun 2026	Amendment under Code of Civil Procedure § 595¹ (1)		In force 25 Jun 2026	PDF
Ä 50008911 / 9 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 50008911 / 8 30 Jun 2021	Amendment entry		In force 30 Jun 2021	PDF
Ä 50008911 / M7 19 Apr 2021	Procedural ruling		In force 19 Apr 2021	PDF
Ä 50008911 / M6 29 Oct 2019	Ruling to correct data outside an entry	28 Nov 2019	Deficiencies eliminated 30 Oct 2019	PDF
Ä 50008911 / M5 24 Aug 2018	Procedural ruling	23 Sep 2018	Deficiencies eliminated 7 Sep 2018	PDF
Ä 50008911 / M4 7 Aug 2018	Ruling to correct data outside an entry	22 Aug 2018	Deficiencies eliminated 7 Sep 2018	PDF
Ä 50008911 / 7 31 Jan 2018	Amendment entry		In force 31 Jan 2018	PDF
Ä 50008911 / M3 25 Jan 2018	Ruling to eliminate deficiencies	24 Feb 2018	Deficiencies eliminated 31 Jan 2018	PDF
Ä 50008911 / 6 19 Jan 2018	Amendment entry		In force 19 Jan 2018	PDF
Ä 50008911 / 5 10 Dec 2017	Amendment entry		In force 10 Dec 2017	PDF
Ä 50008911 / 4 19 Jan 2016	Amendment under Commercial Code § 525 (2)		In force 19 Jan 2016	PDF
Ä 50008911 / 3 7 Dec 2015	Amendment under Commercial Code § 525 (2)		In force 7 Dec 2015	PDF
Ä 50008911 / 2 21 Sep 2015	Amendment entry		In force 21 Sep 2015	PDF
Ä 50008911 / M2 18 Sep 2015	Ruling to eliminate deficiencies	18 Oct 2015	Deficiencies eliminated 21 Sep 2015	PDF
Ä 50008911 28 May 2015	First entry		In force 28 May 2015	PDF
Ä 50008911 / M1 27 May 2015	Ruling to eliminate deficiencies	16 Jun 2015	Deficiencies eliminated 28 May 2015	PDF

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

URETEK Baltic OÜ

Position in the industry Specialised construction activities · EMTAK 43

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 17