Elmaa Elekter AS

Active Registry code 14371906 AS Tallinn Registered 16 Nov 2017
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Elmaa Elekter AS is a AS based in Tallinn, registry code 14371906, status: active. Main activity: Construction of utility projects for electricity and telecommunications. According to EMTA, turnover for Q3 2026 was €80 018 with 3 employees.

Turnover
80 018 €
↑ 97.2% vs Q2 2026
State taxes
22 184 €
↑ 118.2% vs Q2 2026
Labour taxes
8 880 €
↑ 4.2% vs Q2 2026
Employees
3
±0 vs Q2 2026

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

Position in the industry Civil engineering · EMTAK 42

  • Turnover · Q3 2026 80 018 €
    industry median 52 240 € · companies in the industry: 1 125
  • Labour taxes per employee 2 960 €
    industry median 1 750 € · companies in the industry: 933
  • Revenue · 2025 165 652 €
    industry median 88 960 € · companies in the industry: 1 426
  • Net profit margin · 2025 -36.9 %
    industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 80 018 € · +97.2% vs Q2 2026 · industry median 52 240 € · above 58% of the industry
0255075100125Q4 2023 Company: 104 952 € Industry median: 57 537 €Q4·23Q1 2024 Company: 90 797 € Industry median: 30 131 €Q2 2024 Company: 123 037 € Industry median: 43 636 €Q2·24Q3 2024 Company: 83 288 € Industry median: 55 552 €Q4 2024 Company: 85 391 € Industry median: 59 411 €Q4·24Q1 2025 Company: 68 636 € Industry median: 34 084 €Q2 2025 Company: 35 700 € Industry median: 44 234 €Q2·25Q3 2025 Company: 49 474 € Industry median: 54 940 €Q4 2025 Company: 20 366 € Industry median: 60 220 €Q4·25Q1 2026 Company: 63 294 € Industry median: 36 839 €Q2 2026 Company: 40 574 € Industry median: 44 874 €Q2·26Q3 2026 Company: 80 018 € Industry median: 52 240 €Q3·26020406080100Q4 2024 Company: 85 391 € Industry median: 59 411 €Q1 2025 Company: 68 636 € Industry median: 34 084 €Q1·25Q2 2025 Company: 35 700 € Industry median: 44 234 €Q3 2025 Company: 49 474 € Industry median: 54 940 €Q3·25Q4 2025 Company: 20 366 € Industry median: 60 220 €Q1 2026 Company: 63 294 € Industry median: 36 839 €Q1·26Q2 2026 Company: 40 574 € Industry median: 44 874 €Q3 2026 Company: 80 018 € Industry median: 52 240 €Q3·26
  • Company
  • Industry median

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

Labour taxes per employee, € Q3 2026: 2 960 € · +4.2% vs Q2 2026 · industry median 1 750 € · above 72% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 4 812 € Industry median: 1 696 €Q4·23Q1 2024 Company: 2 625 € Industry median: 1 534 €Q2 2024 Company: 3 272 € Industry median: 1 448 €Q2·24Q3 2024 Company: 2 376 € Industry median: 1 657 €Q4 2024 Company: 2 496 € Industry median: 1 890 €Q4·24Q1 2025 Company: 3 966 € Industry median: 1 717 €Q2 2025 Company: 4 365 € Industry median: 1 538 €Q2·25Q3 2025 Company: 3 605 € Industry median: 1 845 €Q4 2025 Company: 3 155 € Industry median: 2 070 €Q4·25Q1 2026 Company: 2 605 € Industry median: 1 721 €Q2 2026 Company: 2 841 € Industry median: 1 482 €Q2·26Q3 2026 Company: 2 960 € Industry median: 1 750 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 2 496 € Industry median: 1 890 €Q1 2025 Company: 3 966 € Industry median: 1 717 €Q1·25Q2 2025 Company: 4 365 € Industry median: 1 538 €Q3 2025 Company: 3 605 € Industry median: 1 845 €Q3·25Q4 2025 Company: 3 155 € Industry median: 2 070 €Q1 2026 Company: 2 605 € Industry median: 1 721 €Q1·26Q2 2026 Company: 2 841 € Industry median: 1 482 €Q3 2026 Company: 2 960 € Industry median: 1 750 €Q3·26
  • Company
  • Industry median

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

Employees Q3 2026: 3 · +0.0% vs Q2 2026
01234Q4 2023 Company: 1Q4·23Q1 2024 Company: 2Q2 2024 Company: 2Q2·24Q3 2024 Company: 3Q4 2024 Company: 3Q4·24Q1 2025 Company: 2Q2 2025 Company: 2Q2·25Q3 2025 Company: 3Q4 2025 Company: 3Q4·25Q1 2026 Company: 4Q2 2026 Company: 3Q2·26Q3 2026 Company: 3Q3·2601234Q4 2024 Company: 3Q1 2025 Company: 2Q1·25Q2 2025 Company: 2Q3 2025 Company: 3Q3·25Q4 2025 Company: 3Q1 2026 Company: 4Q1·26Q2 2026 Company: 3Q3 2026 Company: 3Q3·26
State taxes, € Q3 2026: 22 184 € · +118.2% vs Q2 2026
05 00010 00015 00020 00025 000Q4 2023 Company: 18 258 €Q4·23Q1 2024 Company: 9 583 €Q2 2024 Company: 16 382 €Q2·24Q3 2024 Company: 10 091 €Q4 2024 Company: 16 590 €Q4·24Q1 2025 Company: 15 706 €Q2 2025 Company: 10 596 €Q2·25Q3 2025 Company: 15 674 €Q4 2025 Company: 9 962 €Q4·25Q1 2026 Company: 18 319 €Q2 2026 Company: 10 166 €Q2·26Q3 2026 Company: 22 184 €Q3·2605 00010 00015 00020 00025 000Q4 2024 Company: 16 590 €Q1 2025 Company: 15 706 €Q1·25Q2 2025 Company: 10 596 €Q3 2025 Company: 15 674 €Q3·25Q4 2025 Company: 9 962 €Q1 2026 Company: 18 319 €Q1·26Q2 2026 Company: 10 166 €Q3 2026 Company: 22 184 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 80 018 22 184 8 880 3
Q2 2026 40 574 10 166 8 523 3
Q1 2026 63 294 18 319 10 418 4
Q4 2025 20 366 9 962 9 464 3
Q3 2025 49 474 15 674 10 814 3
Q2 2025 35 700 10 596 8 730 2
Q1 2025 68 636 15 706 7 932 2
Q4 2024 85 391 16 590 7 489 3
Q3 2024 83 288 10 091 7 128 3
Q2 2024 123 037 16 382 6 544 2
Q1 2024 90 797 9 583 5 250 2
Q4 2023 104 952 18 258 4 812 1
Q3 2023 220 932 44 531 7 583 1
Q2 2023 72 721 10 679 7 738 2
Q1 2023 104 360 20 410 10 184 2
Q4 2022 115 584 25 907 9 786 2
Q3 2022 108 254 22 735 11 005 4
Q2 2022 56 460 12 976 10 462 5
Q1 2022 54 386 8 608 10 070 5
Labour taxes per employee per month
987 €
Turnover per employee in the quarter
26 673 €

Q3 2026 · calculated from EMTA data

Financials by year

2017 – 2025
Revenue, € thousand 2025: 165 652 € · −55.4% vs 2024 · industry median 88 960 € · above 61% of the industry
02004006002017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 257 727 € Industry median: 87 742 €20192020 Company: 387 664 € Industry median: 79 900 €20202021 Company: 522 702 € Industry median: 85 202 €20212022 Company: 354 079 € Industry median: 83 429 €20222023 Company: 510 761 € Industry median: 84 652 €20232024 Company: 371 819 € Industry median: 74 590 €20242025 Company: 165 652 € Industry median: 88 960 €202502004006002018 Company: — Industry median: —2019 Company: 257 727 € Industry median: 87 742 €20192020 Company: 387 664 € Industry median: 79 900 €2021 Company: 522 702 € Industry median: 85 202 €20212022 Company: 354 079 € Industry median: 83 429 €2023 Company: 510 761 € Industry median: 84 652 €20232024 Company: 371 819 € Industry median: 74 590 €2025 Company: 165 652 € Industry median: 88 960 €2025
  • Company
  • Industry median

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

Net profit, € thousand 2025: -61 111 € · −317.6% vs 2024 · industry median 2 500 € · above 2% of the industry
-100-500501001502017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 16 131 € Industry median: 3 099 €20192020 Company: 15 945 € Industry median: 1 997 €20202021 Company: 26 773 € Industry median: 2 977 €20212022 Company: 14 520 € Industry median: 2 069 €20222023 Company: 109 250 € Industry median: 2 486 €20232024 Company: 28 078 € Industry median: 1 984 €20242025 Company: -61 111 € Industry median: 2 500 €2025-100-500501001502018 Company: — Industry median: —2019 Company: 16 131 € Industry median: 3 099 €20192020 Company: 15 945 € Industry median: 1 997 €2021 Company: 26 773 € Industry median: 2 977 €20212022 Company: 14 520 € Industry median: 2 069 €2023 Company: 109 250 € Industry median: 2 486 €20232024 Company: 28 078 € Industry median: 1 984 €2025 Company: -61 111 € Industry median: 2 500 €2025
  • Company
  • Industry median

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

Net profit margin, % 2025: -36.9 % · −44.4 pp vs the year before · industry median 5.0 % · above 7% of the industry
-40-20020402017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 6.3 % Industry median: 6.0 %20192020 Company: 4.1 % Industry median: 5.2 %20202021 Company: 5.1 % Industry median: 6.0 %20212022 Company: 4.1 % Industry median: 4.7 %20222023 Company: 21.4 % Industry median: 5.1 %20232024 Company: 7.6 % Industry median: 4.7 %20242025 Company: -36.9 % Industry median: 5.0 %2025-40-20020402018 Company: — Industry median: —2019 Company: 6.3 % Industry median: 6.0 %20192020 Company: 4.1 % Industry median: 5.2 %2021 Company: 5.1 % Industry median: 6.0 %20212022 Company: 4.1 % Industry median: 4.7 %2023 Company: 21.4 % Industry median: 5.1 %20232024 Company: 7.6 % Industry median: 4.7 %2025 Company: -36.9 % Industry median: 5.0 %2025
  • Company
  • Industry median

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

Assets, € thousand 2025: 82 576 € · −46.4% vs 2024
0501001502002017 Company: —20172018 Company: —20182019 Company: 113 416 €20192020 Company: 146 125 €20202021 Company: 109 483 €20212022 Company: 161 754 €20222023 Company: 165 552 €20232024 Company: 154 084 €20242025 Company: 82 576 €20250501001502002018 Company: —2019 Company: 113 416 €20192020 Company: 146 125 €2021 Company: 109 483 €20212022 Company: 161 754 €2023 Company: 165 552 €20232024 Company: 154 084 €2025 Company: 82 576 €2025
Equity, € thousand 2025: 49 695 € · −56.7% vs 2024
02550751001252017 Company: —20172018 Company: —20182019 Company: 89 736 €20192020 Company: 105 681 €20202021 Company: 72 454 €20212022 Company: 66 544 €20222023 Company: 117 911 €20232024 Company: 114 806 €20242025 Company: 49 695 €202502550751001252018 Company: —2019 Company: 89 736 €20192020 Company: 105 681 €2021 Company: 72 454 €20212022 Company: 66 544 €2023 Company: 117 911 €20232024 Company: 114 806 €2025 Company: 49 695 €2025
Employees 2025: 3 · +50.0% vs 2024 · industry median 2 · above 55% of the industry
0123452017 Company: 0 Industry median: —20172018 Company: 5 Industry median: 320182019 Company: 5 Industry median: 320192020 Company: 4 Industry median: 320202021 Company: 4 Industry median: 320212022 Company: 2 Industry median: 320222023 Company: 2 Industry median: 220232024 Company: 2 Industry median: 220242025 Company: 3 Industry median: 220250123452018 Company: 5 Industry median: 32019 Company: 5 Industry median: 320192020 Company: 4 Industry median: 32021 Company: 4 Industry median: 320212022 Company: 2 Industry median: 32023 Company: 2 Industry median: 220232024 Company: 2 Industry median: 22025 Company: 3 Industry median: 22025
  • Company
  • Industry median

Industry: Civil engineering (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 165 652 -61 111 88 836 82 576 49 695 3
2024 371 819 28 078 68 367 154 084 114 806 2
2023 510 761 109 250 61 046 165 552 117 911 2
2022 354 079 14 520 94 867 161 754 66 544 2
2021 522 702 26 773 111 079 109 483 72 454 4
2020 387 664 15 945 83 064 146 125 105 681 4
2019 257 727 16 131 54 173 113 416 89 736 5
2018 — — — — — 5
2017 — — — — — 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
-36.9 %
Net profit / revenue
Return on equity (ROE)
-123.0 %
Net profit / equity
Return on assets (ROA)
-74.0 %
Net profit / assets
Equity ratio
60.2 %
Equity / assets
Debt ratio
39.8 %
Liabilities / assets
Current ratio
2.09
Current assets / current liabilities
Revenue per employee
55 217 €
Revenue / average full-time employees
Labour cost per employee per month
2 468 €
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 29 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 13 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 28 Feb 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 10 May 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 18 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 15 Apr 2021 Company’s own e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 1 Oct 2018
  • Mihhail Nikitin
    Board member · since 16 Nov 2017

Right of representation

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

Owners

No owner information.

Beneficial owners

Founders and other persons

Activities (EMTAK)

  • 42221Construction of utility projects for electricity and telecommunications Main
Rulings
Number, date Title Deadline State Document
Ä 50069802 / M1
28 Aug 2019
Procedural ruling In force
28 Aug 2019
PDF
Ä 50069802 / 4
1 Oct 2018
Amendment entry In force
1 Oct 2018
PDF
Ä 50069802 / 3
20 Jan 2018
Amendment entry In force
20 Jan 2018
PDF
Ä 50069802 / 2
14 Dec 2017
Amendment entry In force
14 Dec 2017
PDF
Ä 50069802
16 Nov 2017
First entry In force
16 Nov 2017
PDF

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