Mustakivi 17 OÜ

Active Registry code 14617000 OÜ Tallinn Registered 29 Nov 2018
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Mustakivi 17 OÜ is a OÜ based in Tallinn, registry code 14617000, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €705 500 with employees.

Turnover
705 500 €
↓ 1.0% vs Q2 2026
State taxes
116 426 €
↑ 6.9% vs Q2 2026
Labour taxes
0 €
Employees
—

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

Position in the industry Real estate activities · EMTAK 68

  • Turnover · Q3 2026 705 500 €
    industry median 15 030 € · companies in the industry: 7 443
  • Revenue · 2025 2.8 mn €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 117.6 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 705 500 € · −1.0% vs Q2 2026 · industry median 15 030 € · above 98% of the industry
02004006008001 000Q4 2023 Company: 657 184 € Industry median: 14 897 €Q4·23Q1 2024 Company: 688 153 € Industry median: 15 027 €Q2 2024 Company: 675 480 € Industry median: 14 064 €Q2·24Q3 2024 Company: 687 355 € Industry median: 14 462 €Q4 2024 Company: 731 134 € Industry median: 14 610 €Q4·24Q1 2025 Company: 752 069 € Industry median: 14 672 €Q2 2025 Company: 684 436 € Industry median: 14 301 €Q2·25Q3 2025 Company: 673 339 € Industry median: 14 273 €Q4 2025 Company: 716 412 € Industry median: 14 464 €Q4·25Q1 2026 Company: 813 536 € Industry median: 14 759 €Q2 2026 Company: 712 680 € Industry median: 14 595 €Q2·26Q3 2026 Company: 705 500 € Industry median: 15 030 €Q3·2602004006008001 000Q4 2024 Company: 731 134 € Industry median: 14 610 €Q1 2025 Company: 752 069 € Industry median: 14 672 €Q1·25Q2 2025 Company: 684 436 € Industry median: 14 301 €Q3 2025 Company: 673 339 € Industry median: 14 273 €Q3·25Q4 2025 Company: 716 412 € Industry median: 14 464 €Q1 2026 Company: 813 536 € Industry median: 14 759 €Q1·26Q2 2026 Company: 712 680 € Industry median: 14 595 €Q3 2026 Company: 705 500 € Industry median: 15 030 €Q3·26
  • Company
  • Industry median

Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

State taxes, € thousand Q3 2026: 116 426 € · +6.9% vs Q2 2026
050100150Q4 2023 Company: 80 827 €Q4·23Q1 2024 Company: 82 620 €Q2 2024 Company: 103 228 €Q2·24Q3 2024 Company: 27 019 €Q4 2024 Company: 19 602 €Q4·24Q1 2025 Company: 84 773 €Q2 2025 Company: 95 551 €Q2·25Q3 2025 Company: 109 896 €Q4 2025 Company: 127 411 €Q4·25Q1 2026 Company: 130 168 €Q2 2026 Company: 108 906 €Q2·26Q3 2026 Company: 116 426 €Q3·26050100150Q4 2024 Company: 19 602 €Q1 2025 Company: 84 773 €Q1·25Q2 2025 Company: 95 551 €Q3 2025 Company: 109 896 €Q3·25Q4 2025 Company: 127 411 €Q1 2026 Company: 130 168 €Q1·26Q2 2026 Company: 108 906 €Q3 2026 Company: 116 426 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 705 500 116 426 — —
Q2 2026 712 680 108 906 — —
Q1 2026 813 536 130 168 — —
Q4 2025 716 412 127 411 — —
Q3 2025 673 339 109 896 — —
Q2 2025 684 436 95 551 — —
Q1 2025 752 069 84 773 — —
Q4 2024 731 134 19 602 — —
Q3 2024 687 355 27 019 — —
Q2 2024 675 480 103 228 — —
Q1 2024 688 153 82 620 — —
Q4 2023 657 184 80 827 — —
Q3 2023 638 398 80 126 — —
Q2 2023 649 032 80 361 — —
Q1 2023 721 752 90 781 — —
Q4 2022 713 229 88 390 — —
Q3 2022 816 969 78 088 — —
Q2 2022 678 913 78 875 — —
Q1 2022 708 537 86 613 — —

Financials by year

2019 – 2025
Revenue, € thousand 2025: 2 791 672 € · +0.3% vs 2024 · industry median 13 620 € · above 98% of the industry
01 0002 0003 0002019 Company: 1 722 554 € Industry median: 10 800 €20192020 Company: 1 949 130 € Industry median: 10 586 €20202021 Company: 2 269 150 € Industry median: 11 162 €20212022 Company: 2 900 154 € Industry median: 11 789 €20222023 Company: 2 645 426 € Industry median: 12 224 €20232024 Company: 2 784 073 € Industry median: 12 853 €20242025 Company: 2 791 672 € Industry median: 13 620 €202501 0002 0003 0002019 Company: 1 722 554 € Industry median: 10 800 €20192020 Company: 1 949 130 € Industry median: 10 586 €2021 Company: 2 269 150 € Industry median: 11 162 €20212022 Company: 2 900 154 € Industry median: 11 789 €2023 Company: 2 645 426 € Industry median: 12 224 €20232024 Company: 2 784 073 € Industry median: 12 853 €2025 Company: 2 791 672 € 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: 3 283 043 € · +602.9% vs 2024 · industry median 283 € · above 98% of the industry
01 0002 0003 0004 0002019 Company: 213 060 € Industry median: 205 €20192020 Company: 516 377 € Industry median: 175 €20202021 Company: 2 608 204 € Industry median: 251 €20212022 Company: 488 994 € Industry median: 161 €20222023 Company: 1 116 143 € Industry median: 154 €20232024 Company: 467 058 € Industry median: 256 €20242025 Company: 3 283 043 € Industry median: 283 €202501 0002 0003 0004 0002019 Company: 213 060 € Industry median: 205 €20192020 Company: 516 377 € Industry median: 175 €2021 Company: 2 608 204 € Industry median: 251 €20212022 Company: 488 994 € Industry median: 161 €2023 Company: 1 116 143 € Industry median: 154 €20232024 Company: 467 058 € Industry median: 256 €2025 Company: 3 283 043 € 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.

Net profit margin, % 2025: 117.6 % · +100.8 pp vs the year before · industry median 5.9 % · above 93% of the industry
02550751001252019 Company: 12.4 % Industry median: 5.7 %20192020 Company: 26.5 % Industry median: 5.6 %20202021 Company: 114.9 % Industry median: 7.4 %20212022 Company: 16.9 % Industry median: 5.9 %20222023 Company: 42.2 % Industry median: 5.2 %20232024 Company: 16.8 % Industry median: 5.9 %20242025 Company: 117.6 % Industry median: 5.9 %202502550751001252019 Company: 12.4 % Industry median: 5.7 %20192020 Company: 26.5 % Industry median: 5.6 %2021 Company: 114.9 % Industry median: 7.4 %20212022 Company: 16.9 % Industry median: 5.9 %2023 Company: 42.2 % Industry median: 5.2 %20232024 Company: 16.8 % Industry median: 5.9 %2025 Company: 117.6 % Industry median: 5.9 %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: 28 725 558 € · +10.3% vs 2024
010 00020 00030 0002019 Company: 21 398 736 €20192020 Company: 22 014 017 €20202021 Company: 24 243 893 €20212022 Company: 24 345 768 €20222023 Company: 25 241 406 €20232024 Company: 26 039 007 €20242025 Company: 28 725 558 €2025010 00020 00030 0002019 Company: 21 398 736 €20192020 Company: 22 014 017 €2021 Company: 24 243 893 €20212022 Company: 24 345 768 €2023 Company: 25 241 406 €20232024 Company: 26 039 007 €2025 Company: 28 725 558 €2025
Equity, € thousand 2025: 8 695 379 € · +60.7% vs 2024
02 0004 0006 0008 00010 0002019 Company: 215 560 €20192020 Company: 731 937 €20202021 Company: 3 340 141 €20212022 Company: 3 829 135 €20222023 Company: 4 945 278 €20232024 Company: 5 412 336 €20242025 Company: 8 695 379 €202502 0004 0006 0008 00010 0002019 Company: 215 560 €20192020 Company: 731 937 €2021 Company: 3 340 141 €20212022 Company: 3 829 135 €2023 Company: 4 945 278 €20232024 Company: 5 412 336 €2025 Company: 8 695 379 €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: 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 2 791 672 3 283 043 28 725 558 8 695 379 0
2024 2 784 073 467 058 26 039 007 5 412 336 0
2023 2 645 426 1 116 143 25 241 406 4 945 278 0
2022 2 900 154 488 994 24 345 768 3 829 135 0
2021 2 269 150 2 608 204 24 243 893 3 340 141 0
2020 1 949 130 516 377 22 014 017 731 937 0
2019 1 722 554 213 060 21 398 736 215 560 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
117.6 %
Net profit / revenue
Return on equity (ROE)
37.8 %
Net profit / equity
Return on assets (ROA)
11.4 %
Net profit / assets
Equity ratio
30.3 %
Equity / assets
Debt ratio
69.7 %
Liabilities / assets
Current ratio
0.22
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 30 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 30 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Jun 2021 Company’s own · audited e-Äriregister
2019 29 Nov 2018 – 31 Dec 2019 31 Oct 2020 Company’s own · audited e-Äriregister

Board

Right of representation

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

Any procurator may represent the private limited company in all legal acts related to its business. A procurator may transfer or encumber immovable property only if that right is entered on the registry card.

Owners

Beneficial owners

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 50108086 / 5
14 Jan 2022
Amendment entry In force
14 Jan 2022
PDF
Ä 50108086 / 4
22 Nov 2021
Amendment entry In force
22 Nov 2021
PDF
Ä 50108086 / 3
15 Mar 2019
Amendment entry In force
15 Mar 2019
PDF
Ä 50108086 / 2
20 Dec 2018
Amendment entry In force
20 Dec 2018
PDF
Ä 50108086 / M1
13 Dec 2018
Procedural ruling In force
13 Dec 2018
PDF
Ä 50108086
29 Nov 2018
First entry In force
29 Nov 2018
PDF

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