United Real Estate Fund MASF

Active Registry code 14067054 AS Tallinn Registered 15 Jun 2016
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United Real Estate Fund MASF is a AS based in Tallinn, registry code 14067054, status: active. Main activity: Rental and operating of own or leased real estate. Its annual report for 2025 shows revenue of €0 and 0 employees.

Revenue
0 €
Employees
0
±0 vs 2024

2025 · annual report, e-Äriregister

Position in the industry Real estate activities · EMTAK 68

  • Revenue · 2025 0 €
    industry median 13 620 € · companies in the industry: 30 471

Taxes and turnover

No tax data available. EMTA publishes data for those who paid state taxes, filed a VAT return or had employees in the quarter. New and small companies may be missing.

Financials by year

2016 – 2025
Revenue, € 2025: 0 € · industry median 13 620 € · above 5% of the industry
05 00010 00015 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 0 € Industry median: 10 800 €20192020 Company: 0 € Industry median: 10 586 €20202021 Company: 0 € Industry median: 11 162 €20212022 Company: 0 € Industry median: 11 789 €20222023 Company: 0 € Industry median: 12 224 €20232024 Company: 0 € Industry median: 12 853 €20242025 Company: 0 € Industry median: 13 620 €202505 00010 00015 0002018 Company: — Industry median: —2019 Company: 0 € Industry median: 10 800 €20192020 Company: 0 € Industry median: 10 586 €2021 Company: 0 € Industry median: 11 162 €20212022 Company: 0 € Industry median: 11 789 €2023 Company: 0 € Industry median: 12 224 €20232024 Company: 0 € Industry median: 12 853 €2025 Company: 0 € 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: 378 878 € · +10.5% vs 2024 · industry median 283 € · above 98% of the industry
-20002004006008002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 313 855 € Industry median: 205 €20192020 Company: 750 968 € Industry median: 175 €20202021 Company: 670 551 € Industry median: 251 €20212022 Company: 648 743 € Industry median: 161 €20222023 Company: -75 475 € Industry median: 154 €20232024 Company: 342 918 € Industry median: 256 €20242025 Company: 378 878 € Industry median: 283 €2025-20002004006008002018 Company: — Industry median: —2019 Company: 313 855 € Industry median: 205 €20192020 Company: 750 968 € Industry median: 175 €2021 Company: 670 551 € Industry median: 251 €20212022 Company: 648 743 € Industry median: 161 €2023 Company: -75 475 € Industry median: 154 €20232024 Company: 342 918 € Industry median: 256 €2025 Company: 378 878 € 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.

Assets, € thousand 2025: 5 216 845 € · +8.4% vs 2024
02 0004 0006 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 4 390 910 €20192020 Company: 5 135 927 €20202021 Company: 5 806 477 €20212022 Company: 4 326 101 €20222023 Company: 4 451 297 €20232024 Company: 4 814 549 €20242025 Company: 5 216 845 €202502 0004 0006 0002018 Company: —2019 Company: 4 390 910 €20192020 Company: 5 135 927 €2021 Company: 5 806 477 €20212022 Company: 4 326 101 €2023 Company: 4 451 297 €20232024 Company: 4 814 549 €2025 Company: 5 216 845 €2025
Equity, € thousand 2025: 4 972 142 € · +8.2% vs 2024
02 0004 0006 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 4 384 959 €20192020 Company: 5 135 927 €20202021 Company: 5 806 477 €20212022 Company: 4 325 821 €20222023 Company: 4 250 346 €20232024 Company: 4 593 264 €20242025 Company: 4 972 142 €202502 0004 0006 0002018 Company: —2019 Company: 4 384 959 €20192020 Company: 5 135 927 €2021 Company: 5 806 477 €20212022 Company: 4 325 821 €2023 Company: 4 250 346 €20232024 Company: 4 593 264 €2025 Company: 4 972 142 €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, € Assets, € Equity, € Employees
2025 0 378 878 5 216 845 4 972 142 0
2024 0 342 918 4 814 549 4 593 264 0
2023 0 -75 475 4 451 297 4 250 346 0
2022 0 648 743 4 326 101 4 325 821 0
2021 0 670 551 5 806 477 5 806 477 0
2020 0 750 968 5 135 927 5 135 927 0
2019 0 313 855 4 390 910 4 384 959 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

Return on equity (ROE)
7.6 %
Net profit / equity
Return on assets (ROA)
7.3 %
Net profit / assets
Equity ratio
95.3 %
Equity / assets

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 30 Apr 2026 Consolidated · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 23 May 2025 Consolidated · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Apr 2024 Consolidated · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 24 Apr 2023 Consolidated · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 29 Apr 2022 Consolidated · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Jun 2021 Consolidated · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 22 May 2020 Consolidated · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 27 Sep 2017
  • Raivo Erik
    Board member · since 15 Jun 2016
  • Vladimir Sokolovskiy
    Board member · since 15 Jun 2016

Right of representation

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

Owners

No owner information.

Owner in

Beneficial owners

  • Aivar Raudsik
    Member of a senior management body (management or supervisory board) · since 20 Sep 2018
  • Jaanus Otsa
    Member of a senior management body (management or supervisory board) · since 20 Sep 2018
  • Raivo Erik
    Member of a senior management body (management or supervisory board) · since 20 Sep 2018
  • Rein Kiudsoo
    Member of a senior management body (management or supervisory board) · since 20 Sep 2018
  • Vladimir Sokolovskiy
    Member of a senior management body (management or supervisory board) · since 20 Sep 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68201Rental and operating of own or leased real estate Main
Rulings
Number, date Title Deadline State Document
Ä 50032075 / M4
21 Jun 2019
Ruling to correct data outside an entry 21 Jul 2019 Deficiencies eliminated
27 Jun 2019
PDF
Ä 50032075 / M3
4 Apr 2018
Procedural ruling 4 May 2018 In force
4 Apr 2018
PDF
Ä 50032075 / 7
19 Jan 2018
Amendment entry In force
19 Jan 2018
PDF
Ä 50032075 / 6
12 Dec 2017
Amendment entry In force
12 Dec 2017
PDF
Ä 50032075 / 5
27 Sep 2017
Amendment entry In force
27 Sep 2017
PDF
Ä 50032075 / 4
29 May 2017
Amendment entry In force
29 May 2017
PDF
Ä 50032075 / M2
18 May 2017
Ruling to eliminate deficiencies 28 May 2017 In force
18 May 2017
PDF
Ä 50032075 / 3
3 Nov 2016
Amendment entry In force
3 Nov 2016
PDF
Ä 50032075 / 2
15 Jul 2016
Amendment entry In force
15 Jul 2016
PDF
Ä 50032075 / M1
11 Jul 2016
Ruling to eliminate deficiencies 10 Aug 2016 Deficiencies eliminated
15 Jul 2016
PDF
Ä 50032075
15 Jun 2016
First entry In force
15 Jun 2016
PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data