Mad Works OÜ

Active Registry code 12952875 OÜ Ülenurme alevik Registered 25 Nov 2015
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Mad Works OÜ is a OÜ based in Ülenurme alevik, registry code 12952875, status: active. Main activity: Intermediation service activities for real estate activities. According to EMTA, turnover for Q3 2026 was €19 680 with 1 employees.

Turnover
19 680 €
↑ 248.1% vs Q2 2026
State taxes
5 230 €
↑ 93.3% vs Q2 2026
Labour taxes
0 €
↓ 100.0% vs Q2 2026
Employees
1
±0 vs Q2 2026

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

Position in the industry Real estate activities · EMTAK 68

  • Turnover · Q3 2026 19 680 €
    industry median 15 030 € · companies in the industry: 7 443
  • Labour taxes per employee 0 €
    industry median 857 € · companies in the industry: 7 261
  • Revenue · 2025 31 405 €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 6.1 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 19 680 € · +248.1% vs Q2 2026 · industry median 15 030 € · above 56% of the industry
010 00020 00030 00040 00050 000Q4 2023 Company: 10 954 € Industry median: 14 897 €Q4·23Q1 2024 Company: 10 984 € Industry median: 15 027 €Q2 2024 Company: 22 028 € Industry median: 14 064 €Q2·24Q3 2024 Company: 11 706 € Industry median: 14 462 €Q4 2024 Company: 13 239 € Industry median: 14 610 €Q4·24Q1 2025 Company: 2 207 € Industry median: 14 672 €Q2 2025 Company: 7 607 € Industry median: 14 301 €Q2·25Q3 2025 Company: 4 612 € Industry median: 14 273 €Q4 2025 Company: 46 961 € Industry median: 14 464 €Q4·25Q1 2026 Company: 6 041 € Industry median: 14 759 €Q2 2026 Company: 5 654 € Industry median: 14 595 €Q2·26Q3 2026 Company: 19 680 € Industry median: 15 030 €Q3·26010 00020 00030 00040 00050 000Q4 2024 Company: 13 239 € Industry median: 14 610 €Q1 2025 Company: 2 207 € Industry median: 14 672 €Q1·25Q2 2025 Company: 7 607 € Industry median: 14 301 €Q3 2025 Company: 4 612 € Industry median: 14 273 €Q3·25Q4 2025 Company: 46 961 € Industry median: 14 464 €Q1 2026 Company: 6 041 € Industry median: 14 759 €Q1·26Q2 2026 Company: 5 654 € Industry median: 14 595 €Q3 2026 Company: 19 680 € 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.

Labour taxes per employee, € Q3 2026: 0 € · −100.0% vs Q2 2026 · industry median 857 € · above 2% of the industry
02004006008001 000Q4 2023 Company: 549 € Industry median: 671 €Q4·23Q1 2024 Company: — Industry median: 694 €Q2 2024 Company: 0 € Industry median: 712 €Q2·24Q3 2024 Company: 0 € Industry median: 728 €Q4 2024 Company: 0 € Industry median: 727 €Q4·24Q1 2025 Company: 75 € Industry median: 780 €Q2 2025 Company: 0 € Industry median: 771 €Q2·25Q3 2025 Company: 0 € Industry median: 812 €Q4 2025 Company: 0 € Industry median: 812 €Q4·25Q1 2026 Company: 314 € Industry median: 818 €Q2 2026 Company: 773 € Industry median: 828 €Q2·26Q3 2026 Company: 0 € Industry median: 857 €Q3·2602004006008001 000Q4 2024 Company: 0 € Industry median: 727 €Q1 2025 Company: 75 € Industry median: 780 €Q1·25Q2 2025 Company: 0 € Industry median: 771 €Q3 2025 Company: 0 € Industry median: 812 €Q3·25Q4 2025 Company: 0 € Industry median: 812 €Q1 2026 Company: 314 € Industry median: 818 €Q1·26Q2 2026 Company: 773 € Industry median: 828 €Q3 2026 Company: 0 € Industry median: 857 €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.

Employees Q3 2026: 1 · +0.0% vs Q2 2026
0.00.51.01.52.0Q4 2023 Company: 2Q4·23Q1 2024 Company: —Q2 2024 Company: 1Q2·24Q3 2024 Company: 1Q4 2024 Company: 1Q4·24Q1 2025 Company: 1Q2 2025 Company: 1Q2·25Q3 2025 Company: 1Q4 2025 Company: 2Q4·25Q1 2026 Company: 2Q2 2026 Company: 1Q2·26Q3 2026 Company: 1Q3·260.00.51.01.52.0Q4 2024 Company: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: 1Q3·25Q4 2025 Company: 2Q1 2026 Company: 2Q1·26Q2 2026 Company: 1Q3 2026 Company: 1Q3·26
State taxes, € Q3 2026: 5 230 € · +93.3% vs Q2 2026
02 0004 0006 000Q4 2023 Company: 2 756 €Q4·23Q1 2024 Company: 3 799 €Q2 2024 Company: 3 692 €Q2·24Q3 2024 Company: 1 996 €Q4 2024 Company: 2 531 €Q4·24Q1 2025 Company: 529 €Q2 2025 Company: 1 155 €Q2·25Q3 2025 Company: 265 €Q4 2025 Company: 4 166 €Q4·25Q1 2026 Company: 2 528 €Q2 2026 Company: 2 706 €Q2·26Q3 2026 Company: 5 230 €Q3·2602 0004 0006 000Q4 2024 Company: 2 531 €Q1 2025 Company: 529 €Q1·25Q2 2025 Company: 1 155 €Q3 2025 Company: 265 €Q3·25Q4 2025 Company: 4 166 €Q1 2026 Company: 2 528 €Q1·26Q2 2026 Company: 2 706 €Q3 2026 Company: 5 230 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 19 680 5 230 — 1
Q2 2026 5 654 2 706 773 1
Q1 2026 6 041 2 528 628 2
Q4 2025 46 961 4 166 — 2
Q3 2025 4 612 265 — 1
Q2 2025 7 607 1 155 — 1
Q1 2025 2 207 529 75 1
Q4 2024 13 239 2 531 — 1
Q3 2024 11 706 1 996 — 1
Q2 2024 22 028 3 692 — 1
Q1 2024 10 984 3 799 1 668 —
Q4 2023 10 954 2 756 1 097 2
Q3 2023 9 700 2 047 1 068 2
Q2 2023 13 100 3 148 1 097 2
Q1 2023 10 018 2 585 1 121 2
Q4 2022 57 925 5 448 882 1
Q3 2022 24 769 7 366 848 1
Q2 2022 23 401 4 239 882 1
Q1 2022 31 656 5 856 294 1
Labour taxes per employee per month
0 €
Turnover per employee in the quarter
19 680 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € 2025: 31 405 € · −41.4% vs 2024 · industry median 13 620 € · above 69% of the industry
020 00040 00060 00080 000100 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 9 971 € Industry median: 10 800 €20192020 Company: 16 113 € Industry median: 10 586 €20202021 Company: 53 159 € Industry median: 11 162 €20212022 Company: 95 088 € Industry median: 11 789 €20222023 Company: 39 893 € Industry median: 12 224 €20232024 Company: 53 552 € Industry median: 12 853 €20242025 Company: 31 405 € Industry median: 13 620 €2025020 00040 00060 00080 000100 0002018 Company: — Industry median: —2019 Company: 9 971 € Industry median: 10 800 €20192020 Company: 16 113 € Industry median: 10 586 €2021 Company: 53 159 € Industry median: 11 162 €20212022 Company: 95 088 € Industry median: 11 789 €2023 Company: 39 893 € Industry median: 12 224 €20232024 Company: 53 552 € Industry median: 12 853 €2025 Company: 31 405 € 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: 1 911 € · −93.2% vs 2024 · industry median 283 € · above 63% of the industry
-20 000-10 000010 00020 00030 00040 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 3 105 € Industry median: 205 €20192020 Company: 6 766 € Industry median: 175 €20202021 Company: 24 911 € Industry median: 251 €20212022 Company: 32 955 € Industry median: 161 €20222023 Company: -13 664 € Industry median: 154 €20232024 Company: 28 085 € Industry median: 256 €20242025 Company: 1 911 € Industry median: 283 €2025-20 000-10 000010 00020 00030 00040 0002018 Company: — Industry median: —2019 Company: 3 105 € Industry median: 205 €20192020 Company: 6 766 € Industry median: 175 €2021 Company: 24 911 € Industry median: 251 €20212022 Company: 32 955 € Industry median: 161 €2023 Company: -13 664 € Industry median: 154 €20232024 Company: 28 085 € Industry median: 256 €2025 Company: 1 911 € 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: 6.1 % · −46.4 pp vs the year before · industry median 5.9 % · above 50% of the industry
-40-2002040602016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 31.1 % Industry median: 5.7 %20192020 Company: 42.0 % Industry median: 5.6 %20202021 Company: 46.9 % Industry median: 7.4 %20212022 Company: 34.7 % Industry median: 5.9 %20222023 Company: -34.3 % Industry median: 5.2 %20232024 Company: 52.4 % Industry median: 5.9 %20242025 Company: 6.1 % Industry median: 5.9 %2025-40-2002040602018 Company: — Industry median: —2019 Company: 31.1 % Industry median: 5.7 %20192020 Company: 42.0 % Industry median: 5.6 %2021 Company: 46.9 % Industry median: 7.4 %20212022 Company: 34.7 % Industry median: 5.9 %2023 Company: -34.3 % Industry median: 5.2 %20232024 Company: 52.4 % Industry median: 5.9 %2025 Company: 6.1 % 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: 95 239 € · −13.2% vs 2024
02550751001252016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 4 004 €20192020 Company: 13 930 €20202021 Company: 78 646 €20212022 Company: 112 245 €20222023 Company: 98 637 €20232024 Company: 109 715 €20242025 Company: 95 239 €202502550751001252018 Company: —2019 Company: 4 004 €20192020 Company: 13 930 €2021 Company: 78 646 €20212022 Company: 112 245 €2023 Company: 98 637 €20232024 Company: 109 715 €2025 Company: 95 239 €2025
Equity, € 2025: 45 054 € · +4.6% vs 2024
020 00040 00060 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 4 004 €20192020 Company: 13 270 €20202021 Company: 36 180 €20212022 Company: 59 183 €20222023 Company: 11 519 €20232024 Company: 43 056 €20242025 Company: 45 054 €2025020 00040 00060 0002018 Company: —2019 Company: 4 004 €20192020 Company: 13 270 €2021 Company: 36 180 €20212022 Company: 59 183 €2023 Company: 11 519 €20232024 Company: 43 056 €2025 Company: 45 054 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.51.01.52.02016 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: 1 Industry median: 120222023 Company: 2 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.51.01.52.02018 Company: 0 Industry median: 12019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 12021 Company: 0 Industry median: 120212022 Company: 1 Industry median: 12023 Company: 2 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 31 405 1 911 904 95 239 45 054 0
2024 53 552 28 085 0 109 715 43 056 0
2023 39 893 -13 664 19 620 98 637 11 519 2
2022 95 088 32 955 8 164 112 245 59 183 1
2021 53 159 24 911 0 78 646 36 180 0
2020 16 113 6 766 0 13 930 13 270 0
2019 9 971 3 105 0 4 004 4 004 0
2018 — — — — — 0
2017 — — — — — 0
2016 — — — — — 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
6.1 %
Net profit / revenue
Return on equity (ROE)
4.2 %
Net profit / equity
Return on assets (ROA)
2.0 %
Net profit / assets
Equity ratio
47.3 %
Equity / assets
Debt ratio
52.7 %
Liabilities / assets
Current ratio
1.25
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 1 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 25 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 27 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 25 Jul 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 16 Jan 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 11 May 2020 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

  • Matis Hint
    Direct ownership · since 23 Oct 2018

Founders and other persons

  • Matis Hint
    Founder · 2 500 € · 24 Nov 2015
shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68311Intermediation service activities for real estate activities Main
  • 47121Other non-specialised retail sale
Rulings
Number, date Title Deadline State Document
Ä 50019480 / 6
3 Sep 2023
Amendment entry In force
3 Sep 2023
PDF
Ä 50019480 / 5
28 Dec 2020
Amendment entry In force
28 Dec 2020
PDF
Ä 50019480 / 4
20 Jan 2018
Amendment entry In force
20 Jan 2018
PDF
Ä 50019480 / 3
20 Dec 2017
Amendment entry In force
20 Dec 2017
PDF
Ä 50019480 / 2
11 Dec 2017
Amendment entry In force
11 Dec 2017
PDF
Ä 50019480 / M1
15 Nov 2017
Procedural ruling 15 Dec 2017 In force
15 Nov 2017
PDF
Ä 50019480
25 Nov 2015
First entry In force
25 Nov 2015
PDF

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