OÜ Lutheri Ärimaja

Active Registry code 12904635 OÜ Tallinn Registered 1 Sep 2015
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OÜ Lutheri Ärimaja is a OÜ based in Tallinn, registry code 12904635, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €253 916 with employees.

Turnover
253 916 €
↓ 8.9% vs Q2 2026
State taxes
44 078 €
↓ 8.6% vs Q2 2026
Labour taxes
0 €
Employees
—

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

Position in the industry Real estate activities · EMTAK 68

  • Turnover · Q3 2026 253 916 €
    industry median 15 030 € · companies in the industry: 7 443
  • Revenue · 2025 999 935 €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 36.0 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 253 916 € · −8.9% vs Q2 2026 · industry median 15 030 € · above 91% of the industry
0100200300Q4 2023 Company: 273 678 € Industry median: 14 897 €Q4·23Q1 2024 Company: 275 590 € Industry median: 15 027 €Q2 2024 Company: 262 228 € Industry median: 14 064 €Q2·24Q3 2024 Company: 266 170 € Industry median: 14 462 €Q4 2024 Company: 266 801 € Industry median: 14 610 €Q4·24Q1 2025 Company: 251 790 € Industry median: 14 672 €Q2 2025 Company: 239 127 € Industry median: 14 301 €Q2·25Q3 2025 Company: 240 564 € Industry median: 14 273 €Q4 2025 Company: 260 488 € Industry median: 14 464 €Q4·25Q1 2026 Company: 262 189 € Industry median: 14 759 €Q2 2026 Company: 278 763 € Industry median: 14 595 €Q2·26Q3 2026 Company: 253 916 € Industry median: 15 030 €Q3·260100200300Q4 2024 Company: 266 801 € Industry median: 14 610 €Q1 2025 Company: 251 790 € Industry median: 14 672 €Q1·25Q2 2025 Company: 239 127 € Industry median: 14 301 €Q3 2025 Company: 240 564 € Industry median: 14 273 €Q3·25Q4 2025 Company: 260 488 € Industry median: 14 464 €Q1 2026 Company: 262 189 € Industry median: 14 759 €Q1·26Q2 2026 Company: 278 763 € Industry median: 14 595 €Q3 2026 Company: 253 916 € Industry median: 15 030 €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, € Q3 2026: 44 078 € · −8.6% vs Q2 2026
010 00020 00030 00040 00050 000Q4 2023 Company: 43 152 €Q4·23Q1 2024 Company: 40 878 €Q2 2024 Company: 48 800 €Q2·24Q3 2024 Company: 27 458 €Q4 2024 Company: 45 461 €Q4·24Q1 2025 Company: 43 743 €Q2 2025 Company: 35 904 €Q2·25Q3 2025 Company: 41 141 €Q4 2025 Company: 48 203 €Q4·25Q1 2026 Company: 49 375 €Q2 2026 Company: 48 200 €Q2·26Q3 2026 Company: 44 078 €Q3·26010 00020 00030 00040 00050 000Q4 2024 Company: 45 461 €Q1 2025 Company: 43 743 €Q1·25Q2 2025 Company: 35 904 €Q3 2025 Company: 41 141 €Q3·25Q4 2025 Company: 48 203 €Q1 2026 Company: 49 375 €Q1·26Q2 2026 Company: 48 200 €Q3 2026 Company: 44 078 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 253 916 44 078 — —
Q2 2026 278 763 48 200 — —
Q1 2026 262 189 49 375 — —
Q4 2025 260 488 48 203 — —
Q3 2025 240 564 41 141 — —
Q2 2025 239 127 35 904 — —
Q1 2025 251 790 43 743 — —
Q4 2024 266 801 45 461 — —
Q3 2024 266 170 27 458 — —
Q2 2024 262 228 48 800 — —
Q1 2024 275 590 40 878 — —
Q4 2023 273 678 43 152 — —
Q3 2023 263 705 41 575 — —
Q2 2023 304 173 46 124 — —
Q1 2023 298 349 45 211 — —
Q4 2022 296 936 47 657 — —
Q3 2022 289 647 32 201 — —
Q2 2022 295 830 45 162 — —
Q1 2022 291 480 44 215 — —

Financials by year

2016 – 2025
Revenue, € thousand 2025: 999 935 € · −5.3% vs 2024 · industry median 13 620 € · above 98% of the industry
02505007501 0001 2502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 082 306 € Industry median: 10 800 €20192020 Company: 1 034 346 € Industry median: 10 586 €20202021 Company: 1 099 482 € Industry median: 11 162 €20212022 Company: 1 169 121 € Industry median: 11 789 €20222023 Company: 1 142 733 € Industry median: 12 224 €20232024 Company: 1 055 461 € Industry median: 12 853 €20242025 Company: 999 935 € Industry median: 13 620 €202502505007501 0001 2502018 Company: — Industry median: —2019 Company: 1 082 306 € Industry median: 10 800 €20192020 Company: 1 034 346 € Industry median: 10 586 €2021 Company: 1 099 482 € Industry median: 11 162 €20212022 Company: 1 169 121 € Industry median: 11 789 €2023 Company: 1 142 733 € Industry median: 12 224 €20232024 Company: 1 055 461 € Industry median: 12 853 €2025 Company: 999 935 € 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, € thousand 2025: 359 919 € · −14.5% vs 2024 · industry median 283 € · above 98% of the industry
05001 0001 5002 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 186 676 € Industry median: 205 €20192020 Company: 1 044 643 € Industry median: 175 €20202021 Company: 1 640 782 € Industry median: 251 €20212022 Company: 733 189 € Industry median: 161 €20222023 Company: 580 799 € Industry median: 154 €20232024 Company: 421 188 € Industry median: 256 €20242025 Company: 359 919 € Industry median: 283 €202505001 0001 5002 0002018 Company: — Industry median: —2019 Company: 1 186 676 € Industry median: 205 €20192020 Company: 1 044 643 € Industry median: 175 €2021 Company: 1 640 782 € Industry median: 251 €20212022 Company: 733 189 € Industry median: 161 €2023 Company: 580 799 € Industry median: 154 €20232024 Company: 421 188 € Industry median: 256 €2025 Company: 359 919 € 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: 36.0 % · −3.9 pp vs the year before · industry median 5.9 % · above 73% of the industry
0501001502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 109.6 % Industry median: 5.7 %20192020 Company: 101.0 % Industry median: 5.6 %20202021 Company: 149.2 % Industry median: 7.4 %20212022 Company: 62.7 % Industry median: 5.9 %20222023 Company: 50.8 % Industry median: 5.2 %20232024 Company: 39.9 % Industry median: 5.9 %20242025 Company: 36.0 % Industry median: 5.9 %20250501001502018 Company: — Industry median: —2019 Company: 109.6 % Industry median: 5.7 %20192020 Company: 101.0 % Industry median: 5.6 %2021 Company: 149.2 % Industry median: 7.4 %20212022 Company: 62.7 % Industry median: 5.9 %2023 Company: 50.8 % Industry median: 5.2 %20232024 Company: 39.9 % Industry median: 5.9 %2025 Company: 36.0 % 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: 14 388 508 € · −0.9% vs 2024
05 00010 00015 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 11 626 393 €20192020 Company: 12 265 934 €20202021 Company: 13 975 787 €20212022 Company: 14 317 919 €20222023 Company: 14 528 190 €20232024 Company: 14 518 385 €20242025 Company: 14 388 508 €202505 00010 00015 0002018 Company: —2019 Company: 11 626 393 €20192020 Company: 12 265 934 €2021 Company: 13 975 787 €20212022 Company: 14 317 919 €2023 Company: 14 528 190 €20232024 Company: 14 518 385 €2025 Company: 14 388 508 €2025
Equity, € thousand 2025: 9 031 849 € · +4.2% vs 2024
02 0004 0006 0008 00010 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 4 251 329 €20192020 Company: 5 295 972 €20202021 Company: 6 936 754 €20212022 Company: 7 669 943 €20222023 Company: 8 250 742 €20232024 Company: 8 671 930 €20242025 Company: 9 031 849 €202502 0004 0006 0008 00010 0002018 Company: —2019 Company: 4 251 329 €20192020 Company: 5 295 972 €2021 Company: 6 936 754 €20212022 Company: 7 669 943 €2023 Company: 8 250 742 €20232024 Company: 8 671 930 €2025 Company: 9 031 849 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02016 Company: 1 Industry median: —20162017 Company: 1 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 999 935 359 919 0 14 388 508 9 031 849 0
2024 1 055 461 421 188 0 14 518 385 8 671 930 0
2023 1 142 733 580 799 0 14 528 190 8 250 742 0
2022 1 169 121 733 189 0 14 317 919 7 669 943 0
2021 1 099 482 1 640 782 0 13 975 787 6 936 754 0
2020 1 034 346 1 044 643 0 12 265 934 5 295 972 0
2019 1 082 306 1 186 676 0 11 626 393 4 251 329 0
2018 — — — — — 0
2017 — — — — — 1
2016 — — — — — 1
2015 — — — — — 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
36.0 %
Net profit / revenue
Return on equity (ROE)
4.0 %
Net profit / equity
Return on assets (ROA)
2.5 %
Net profit / assets
Equity ratio
62.8 %
Equity / assets
Debt ratio
37.2 %
Liabilities / assets
Current ratio
1.16
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 22 Apr 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 27 Mar 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 4 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 31 May 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 17 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 27 May 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 30 Jun 2020 Company’s own · audited e-Äriregister

Board

  • Ramon Rask
    Board member · since 1 Sep 2015
  • Nasdaq CSD SE
    Keeper of the share register · since 28 Sep 2017

Right of representation

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

Owners

Beneficial owners

Founders and other persons

  • Ramon Rask
    Founder · 2 500 € · 31 Aug 2015
shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68201Rental and operating of own or leased real estate Main

Rulings 7

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50014168 / 6
1 Apr 2022
 Amendment entry In force
1 Apr 2022
 PDF
Ä 50014168 / M1
30 Mar 2022
 Ruling to eliminate deficiencies 13 Apr 2022 Deficiencies eliminated
1 Apr 2022
 PDF
Ä 50014168 / 5
20 Jan 2018
 Amendment entry In force
20 Jan 2018
 PDF
Ä 50014168 / 4
10 Dec 2017
 Amendment entry In force
10 Dec 2017
 PDF
Ä 50014168 / 3
28 Sep 2017
 Amendment entry In force
28 Sep 2017
 PDF
Ä 50014168 / 2
12 Sep 2015
 Amendment entry In force
12 Sep 2015
 PDF
Ä 50014168
1 Sep 2015
 First entry In force
1 Sep 2015
 PDF

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