Turvax OÜ is a OÜ based in Tartu linn, registry code 14520542, status: active. Main activity: Activities of employment placement agencies. According to EMTA, turnover for Q3 2026 was €33 917 with 2 employees.
Turnover
33 917 €
↓ 20.3%vs Q2 2026
State taxes
6 443 €
↓ 24.3%vs Q2 2026
Labour taxes
3 191 €
↑ 3.8%vs Q2 2026
Employees
2
−1vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Employment activities · EMTAK 78
Turnover · Q3 202633 917 €
above 51% of companies
industry median 32 553 € · companies in the industry: 715
Labour taxes per employee1 596 €
above 55% of companies
industry median 1 477 € · companies in the industry: 653
Revenue · 2025203 064 €
above 75% of companies
industry median 38 312 € · companies in the industry: 1 162
Net profit margin · 20253.3 %
above 46% of companies
industry median 4.7 % · companies in the industry: 914
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 33 917 € · −20.3% vs Q2 2026 · industry median 32 553 € · above 51% of the industry
Company
Industry median
Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Labour taxes per employee, € Q3 2026: 1 596 € · +55.7% vs Q2 2026 · industry median 1 477 € · above 55% of the industry
Company
Industry median
Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
EmployeesQ3 2026: 2 · −33.3% vs Q2 2026State taxes, € Q3 2026: 6 443 € · −24.3% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
33 917
6 443
3 191
2
Q2 2026
42 537
8 513
3 074
3
Q1 2026
35 394
8 681
2 757
3
Q4 2025
46 749
6 172
2 693
3
Q3 2025
32 640
8 101
2 936
3
Q2 2025
62 213
13 359
2 727
3
Q1 2025
59 011
10 817
2 535
4
Q4 2024
76 877
15 692
3 298
4
Q3 2024
74 705
15 762
5 343
4
Q2 2024
119 791
24 148
3 669
6
Q1 2024
79 035
15 395
3 019
5
Q4 2023
43 745
9 171
3 222
3
Q3 2023
60 484
11 632
3 755
3
Q2 2023
51 942
9 374
3 202
5
Q1 2023
71 317
11 289
2 153
4
Q4 2022
52 843
9 139
2 067
3
Q3 2022
19 997
2 832
1 676
3
Q2 2022
18 296
3 686
2 562
3
Q1 2022
19 208
3 831
2 043
4
Labour taxes per employee per month
532 €
Turnover per employee in the quarter
16 959 €
Q3 2026 · calculated from EMTA data
Financials by year
2018 – 2025
Revenue, € thousand 2025: 203 064 € · −38.9% vs 2024 · industry median 38 312 € · above 75% of the industry
Company
Industry median
Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit, € 2025: 6 801 € · −72.6% vs 2024 · industry median 720 € · above 68% of the industry
Company
Industry median
Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit margin, % 2025: 3.3 % · −4.1 pp vs the year before · industry median 4.7 % · above 46% of the industry
Company
Industry median
Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Assets, € thousand 2025: 117 998 € · +4.5% vs 2024Equity, € thousand 2025: 104 385 € · +5.3% vs 2024Employees2025: 2 · −33.3% vs 2024 · industry median 2 · above 45% of the industry
Company
Industry median
Industry: Employment 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
203 064
6 801
29 961
117 998
104 385
2
2024
332 505
24 824
46 891
112 950
99 151
3
2023
207 153
34 609
46 611
92 187
74 327
3
2022
98 552
5 535
25 569
72 879
42 718
3
2021
60 232
4 253
19 620
63 677
37 183
2
2020
53 140
14 774
12 518
39 951
32 930
1
2019
102 774
9 897
6 550
22 107
18 155
1
2018
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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
3.3 %
Net profit / revenue
Return on equity (ROE)
6.5 %
Net profit / equity
Return on assets (ROA)
5.8 %
Net profit / assets
Equity ratio
88.5 %
Equity / assets
Debt ratio
11.5 %
Liabilities / assets
Current ratio
6.55
Current assets / current liabilities
Revenue per employee
101 532 €
Revenue / average full-time employees
Labour cost per employee per month
1 248 €
Labour costs / employees / 12 months (incl. employer taxes)
