Usaldusfond EfTEN Real Estate Fund 4

Active Registry code 14588404 UÜ Tallinn Registered 17 Oct 2018
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Usaldusfond EfTEN Real Estate Fund 4 is a UÜ based in Tallinn, registry code 14588404, status: active. Main activity: Fund management activities. According to EMTA, turnover for Q3 2026 was €0 with employees.

Turnover
0 €
State taxes
—
Labour taxes
—
Employees
—

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

Position in the industry Activities auxiliary to financial services and insurance activities · EMTAK 66

  • Revenue · 2025 2.1 mn €
    industry median 3 200 € · companies in the industry: 1 215

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 0 € · industry median 13 814 € · above 2% of the industry
05 00010 00015 00020 000Q4 2023 Company: 0 € Industry median: 15 410 €Q4·23Q1 2024 Company: 0 € Industry median: 14 567 €Q2 2024 Company: 0 € Industry median: 14 307 €Q2·24Q3 2024 Company: 0 € Industry median: 15 089 €Q4 2024 Company: 0 € Industry median: 17 023 €Q4·24Q1 2025 Company: 0 € Industry median: 15 000 €Q2 2025 Company: 0 € Industry median: 14 295 €Q2·25Q3 2025 Company: 0 € Industry median: 15 833 €Q4 2025 Company: 0 € Industry median: 14 155 €Q4·25Q1 2026 Company: 0 € Industry median: 14 181 €Q2 2026 Company: 0 € Industry median: 13 350 €Q2·26Q3 2026 Company: 0 € Industry median: 13 814 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 0 € Industry median: 17 023 €Q1 2025 Company: 0 € Industry median: 15 000 €Q1·25Q2 2025 Company: 0 € Industry median: 14 295 €Q3 2025 Company: 0 € Industry median: 15 833 €Q3·25Q4 2025 Company: 0 € Industry median: 14 155 €Q1 2026 Company: 0 € Industry median: 14 181 €Q1·26Q2 2026 Company: 0 € Industry median: 13 350 €Q3 2026 Company: 0 € Industry median: 13 814 €Q3·26
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 — — — —
Q2 2026 — — — —
Q1 2026 — — — —
Q4 2025 — — — —
Q3 2025 — — — —
Q2 2025 — — — —
Q1 2025 — — — —
Q4 2024 — — — —
Q3 2024 — — — —
Q2 2024 — — — —
Q1 2024 — — — —
Q4 2023 — — — —
Q3 2023 — — — —
Q2 2023 — — — —
Q1 2023 — 16 883 — —
Q4 2022 — — — —
Q3 2022 — — — —
Q2 2022 — — — —
Q1 2022 100 045 861 — —

Financials by year

2019 – 2025
Revenue, € thousand 2025: 2 080 000 € · +0.0% vs 2024 · industry median 3 200 € · above 98% of the industry
05001 0001 5002 0002 5002019 Company: 527 000 € Industry median: 5 400 €20192020 Company: 729 000 € Industry median: 3 790 €20202021 Company: 1 185 000 € Industry median: 4 200 €20212022 Company: 1 989 000 € Industry median: 3 539 €20222023 Company: 2 062 000 € Industry median: 3 094 €20232024 Company: 2 080 000 € Industry median: 3 510 €20242025 Company: 2 080 000 € Industry median: 3 200 €202505001 0001 5002 0002 5002019 Company: 527 000 € Industry median: 5 400 €20192020 Company: 729 000 € Industry median: 3 790 €2021 Company: 1 185 000 € Industry median: 4 200 €20212022 Company: 1 989 000 € Industry median: 3 539 €2023 Company: 2 062 000 € Industry median: 3 094 €20232024 Company: 2 080 000 € Industry median: 3 510 €2025 Company: 2 080 000 € Industry median: 3 200 €2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2024: 11 315 000 € · +678.2% vs 2023 · industry median 165 € · above 98% of the industry
02 5005 0007 50010 00012 5002019 Company: — Industry median: 502 €20192020 Company: 4 515 000 € Industry median: 93 €20202021 Company: — Industry median: 269 €20212022 Company: — Industry median: 0 €20222023 Company: 1 454 000 € Industry median: 10 €20232024 Company: 11 315 000 € Industry median: 165 €20242025 Company: — Industry median: 80 €202502 5005 0007 50010 00012 5002019 Company: — Industry median: 502 €20192020 Company: 4 515 000 € Industry median: 93 €2021 Company: — Industry median: 269 €20212022 Company: — Industry median: 0 €2023 Company: 1 454 000 € Industry median: 10 €20232024 Company: 11 315 000 € Industry median: 165 €2025 Company: — Industry median: 80 €2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2024: 544.0 % · +473.5 pp vs the year before · industry median 23.7 % · above 98% of the industry
02004006008002019 Company: — Industry median: 28.7 %20192020 Company: 619.3 % Industry median: 24.8 %20202021 Company: — Industry median: 27.0 %20212022 Company: — Industry median: 20.8 %20222023 Company: 70.5 % Industry median: 21.6 %20232024 Company: 544.0 % Industry median: 23.7 %20242025 Company: — Industry median: 23.7 %202502004006008002019 Company: — Industry median: 28.7 %20192020 Company: 619.3 % Industry median: 24.8 %2021 Company: — Industry median: 27.0 %20212022 Company: — Industry median: 20.8 %2023 Company: 70.5 % Industry median: 21.6 %20232024 Company: 544.0 % Industry median: 23.7 %2025 Company: — Industry median: 23.7 %2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, mn € 2025: 164 364 000 € · +0.5% vs 2024
0501001502002019 Company: 65 276 000 €20192020 Company: 91 058 000 €20202021 Company: 166 131 000 €20212022 Company: 177 706 000 €20222023 Company: 162 358 000 €20232024 Company: 163 496 000 €20242025 Company: 164 364 000 €20250501001502002019 Company: 65 276 000 €20192020 Company: 91 058 000 €2021 Company: 166 131 000 €20212022 Company: 177 706 000 €2023 Company: 162 358 000 €20232024 Company: 163 496 000 €2025 Company: 164 364 000 €2025
Equity, mn € 2024: 160 867 000 € · −0.9% vs 2023
0501001502002019 Company: —20192020 Company: 90 474 000 €20202021 Company: —20212022 Company: —20222023 Company: 162 350 000 €20232024 Company: 160 867 000 €20242025 Company: —20250501001502002019 Company: —20192020 Company: 90 474 000 €2021 Company: —20212022 Company: —2023 Company: 162 350 000 €20232024 Company: 160 867 000 €2025 Company: —2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02019 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: 120250.00.20.40.60.81.02019 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: Activities auxiliary to financial services and insurance 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 2 080 000 — 164 364 000 — 0
2024 2 080 000 11 315 000 163 496 000 160 867 000 0
2023 2 062 000 1 454 000 162 358 000 162 350 000 0
2022 1 989 000 — 177 706 000 — 0
2021 1 185 000 — 166 131 000 — 0
2020 729 000 4 515 000 91 058 000 90 474 000 0
2019 527 000 — 65 276 000 — 0

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 25 Jun 2026 Consolidated · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 7 Jul 2025 Consolidated · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 16 May 2024 Consolidated · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 14 Jun 2023 Consolidated · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 26 Sep 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 29 Oct 2020 Company’s own · audited e-Äriregister

Board

Right of representation

Any general partner may represent the limited partnership in all transactions.

Owners

No owner information.

Owner in

Beneficial owners

  • Tõnu Uustalu
    Control by other means (contractual, family or other ties) · since 18 Nov 2025
  • Viljar Arakas
    Control by other means (contractual, family or other ties) · since 13 Aug 2019

Founders and other persons

No other persons.

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 66301Fund management activities Main
Rulings
Number, date Title Deadline State Document
Ä 50104976 / M4
8 Jul 2025
Procedural ruling 22 Jul 2025 In force
8 Jul 2025
PDF
Ä 50104976 / M3
7 Jul 2025
Ruling to eliminate deficiencies in the annual report 6 Aug 2025 Deficiencies eliminated
7 Jul 2025
PDF
Ä 50104976 / M2
23 Sep 2022
Warning of a fine: deficiencies in the annual report 23 Oct 2022 Deficiencies eliminated
26 Sep 2022
PDF
Ä 50104976 / M1
22 Jun 2022
Ruling to eliminate deficiencies in the annual report 22 Jul 2022 Deficiencies eliminated
26 Sep 2022
PDF
Ä 50104976
17 Oct 2018
First entry In force
17 Oct 2018
PDF

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