Mustamäe Spa OÜ
Active Registry code 14490634
OÜ Tallinn Registered 17 May 2018
Mustamäe Spa OÜ is a OÜ based in Tallinn, registry code 14490634, status: active. Main activity: Amusement and recreation activities n.e.c.. According to EMTA, turnover for Q3 2026 was €2 671 350 with 103 employees.
Turnover
2 671 350 €
↓ 4.6% vs Q2 2026
State taxes
471 513 €
↑ 23.7% vs Q2 2026
Labour taxes
228 810 €
↓ 4.7% vs Q2 2026
Employees
103
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 2.7 mn €above 98% of companiesindustry median 13 701 € · companies in the industry: 1 404
- Labour taxes per employee 2 221 €above 83% of companiesindustry median 1 179 € · companies in the industry: 1 807
- Revenue · 2025 11 mn €above 98% of companiesindustry median 0 € · companies in the industry: 8 615
- Net profit margin · 2025 2.0 %above 46% of companiesindustry median 3.2 % · companies in the industry: 5 951
Taxes and turnover
- Company
- Industry median
Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 2 671 350 | 471 513 | 228 810 | 103 |
| Q2 2026 | 2 799 892 | 381 304 | 240 002 | 103 |
| Q1 2026 | 3 948 914 | 905 229 | 253 033 | 107 |
| Q4 2025 | 3 394 641 | 1 604 749 | 236 021 | 107 |
| Q3 2025 | 2 696 154 | 207 805 | 207 127 | 106 |
| Q2 2025 | 2 703 707 | 419 704 | 220 846 | 87 |
| Q1 2025 | 3 075 762 | 653 069 | 175 177 | 99 |
| Q4 2024 | 2 697 802 | 256 119 | 135 916 | 94 |
| Q3 2024 | 1 499 682 | 119 578 | 128 638 | 77 |
| Q2 2024 | 1 876 395 | 186 826 | 147 909 | 70 |
| Q1 2024 | 2 561 900 | 316 579 | 125 842 | 73 |
| Q4 2023 | 2 202 917 | 139 144 | 122 881 | 73 |
| Q3 2023 | 2 254 774 | 148 075 | 124 185 | 71 |
| Q2 2023 | 2 148 945 | 240 134 | 116 827 | 68 |
| Q1 2023 | 2 515 590 | 249 231 | 96 460 | 68 |
| Q4 2022 | 2 039 895 | 166 987 | 98 424 | 69 |
| Q3 2022 | 1 435 361 | 163 483 | 91 075 | 67 |
| Q2 2022 | 1 633 392 | 186 191 | 82 105 | 57 |
| Q1 2022 | 1 573 925 | 168 924 | 86 566 | 52 |
Labour taxes per employee per month
740 €
Turnover per employee in the quarter
25 935 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Sports activities and amusement and recreation activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 10 967 080 | 215 344 | 2 268 326 | 12 223 312 | 448 836 | 90 |
| 2024 | 7 975 877 | 1 368 718 | 1 535 124 | 10 534 200 | 4 883 492 | 69 |
| 2023 | 7 229 074 | 1 457 285 | 1 270 139 | 7 664 063 | 4 114 774 | 58 |
| 2022 | 6 615 080 | 1 905 975 | 950 209 | 4 241 343 | 2 657 489 | 54 |
| 2021 | 3 363 708 | 307 028 | 774 902 | 3 322 492 | 751 514 | 45 |
| 2020 | 3 493 070 | 86 737 | 926 487 | 3 004 520 | 444 486 | 49 |
| 2019 | 4 195 926 | 452 370 | 845 561 | 1 516 636 | 617 749 | 42 |
| 2018 | — | — | — | — | — | 19 |
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
2.0 %
Net profit / revenue
Return on equity (ROE)
48.0 %
Net profit / equity
Return on assets (ROA)
1.8 %
Net profit / assets
Equity ratio
3.7 %
Equity / assets
Debt ratio
96.3 %
Liabilities / assets
Current ratio
0.19
Current assets / current liabilities
Revenue per employee
121 856 €
Revenue / average full-time employees
Labour cost per employee per month
2 100 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 9 Aug 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 19 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 28 Jun 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 6 Jun 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 | 29 Jun 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 29 Oct 2020 | Company’s own · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 4 | 4 153 930 € | Swedbank AS | 21 Nov 2025 – in force |
| 3 | 4 500 000 € | Swedbank AS | 7 Jul 2023 – in force |
| 2 | 700 000 € | Swedbank AS | 21 May 2020 – in force |
| 1 | 260 000 € | Swedbank AS | 23 May 2019 – in force |
Board
- Andres TiikBoard member · since 17 May 2018
- Tanel SamuelBoard member · since 6 Aug 2026
- Nasdaq CSD SEKeeper of the share register · since 28 Sep 2023
Right of representation
Any member of the management board may represent the private limited company in all transactions.
Owners
- Omanikukonto: CM Spa OÜLegal person · 17281641 · 1 250 €
- Omanikukonto: ELAMUS SPA OÜLegal person · 16548779 · 1 250 €
Beneficial owners
- Igor MölderIndirect ownership · since 4 Aug 2026
- Tanel SamuelIndirect ownership · since 4 Aug 2026
- Andres TiikDirect ownership · since 21 Oct 2020
Founders and other persons
- Astlanda Arendus OÜFounder · 2 500 € · 17 May 2018
- Assertum Audit OÜAudit firm · 1 Jan 2020
Related companies
Activities (EMTAK)
- 93291Amusement and recreation activities n.e.c. Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 50094412 / 18 6 Aug 2026 |
Amendment entry | In force 6 Aug 2026 |
||
| Ä 50094412 / M5 30 Jul 2026 |
Ruling to eliminate deficiencies | 4 Sep 2026 | Deficiencies eliminated 6 Aug 2026 |
|
| Ä 50094412 / M4 30 Jul 2026 |
Procedural ruling | 9 Aug 2026 | Deficiencies eliminated 30 Jul 2026 |
|
| K 50094412 / 17 21 Nov 2025 |
Commercial pledge entered | In force 21 Nov 2025 |
||
| Ä 50094412 / 16 3 Mar 2025 |
Second (constitutive) merger entry | In force 3 Mar 2025 |
||
| Ä 50094412 / 15 26 Sep 2024 |
Amendment entry | In force 26 Sep 2024 |
||
| Ä 50094412 / 14 28 Sep 2023 |
Amendment entry | In force 28 Sep 2023 |
||
| Ä 50094412 / 13 1 Sep 2023 |
Amendment entry | In force 1 Sep 2023 |
||
| K 50094412 / 12 7 Jul 2023 |
Commercial pledge entered | In force 7 Jul 2023 |
||
| K 50094412 / 11 7 Jul 2023 |
Commercial pledge amended | In force 7 Jul 2023 |
||
| K 50094412 / 10 18 Jan 2022 |
Commercial pledge amended | In force 18 Jan 2022 |
||
| Ä 50094412 / 9 4 Jun 2021 |
Amendment entry | In force 4 Jun 2021 |
||
| Ä 50094412 / M3 10 Jun 2020 |
Public service of a ruling in Ametlikud Teadaanded | In force 10 Jun 2020 |
||
| Ä 50094412 / 8 21 May 2020 |
Amendment entry | In force 21 May 2020 |
||
| Ä 50094412 / 7 21 May 2020 |
Entry refused: deficiencies not eliminated | In force 10 Jul 2020 |
||
| K 50094412 / 6 21 May 2020 |
Commercial pledge entered | In force 21 May 2020 |
||
| Ä 50094412 / M2 5 May 2020 |
Public service of a ruling in Ametlikud Teadaanded | In force 5 May 2020 |
||
| Ä 50094412 / 5 21 Apr 2020 |
Amendment entry | In force 21 Apr 2020 |
||
| Ä 50094412 / M1 31 Mar 2020 |
Ruling to eliminate deficiencies | 20 Apr 2020 | In force 31 Mar 2020 |
|
| K 50094412 / 4 23 May 2019 |
Commercial pledge entered | In force 23 May 2019 |
||
| Ä 50094412 / 3 14 Dec 2018 |
Amendment entry | In force 14 Dec 2018 |
||
| Ä 50094412 / 2 7 Jun 2018 |
Amendment entry | In force 7 Jun 2018 |
||
| Ä 50094412 17 May 2018 |
First entry | In force 17 May 2018 |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data