Tulevara OÜ

Active Registry code 14637215 OÜ Saue linn Registered 7 Jan 2019

Tulevara OÜ is a OÜ based in Saue linn, registry code 14637215, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €284 821 with 4 employees.

Turnover

284 821 €

↓ 9.7% vs Q2 2026

State taxes

44 452 €

↓ 20.5% vs Q2 2026

Labour taxes

22 771 €

↓ 1.0% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Real estate activities · EMTAK 68

Turnover · Q3 2026 284 821 €

above 92% of companies

industry median 15 029 € · companies in the industry: 7 444
Labour taxes per employee 5 693 €

above 98% of companies

industry median 857 € · companies in the industry: 7 261
Revenue · 2025 1.2 mn €

above 98% of companies

industry median 13 620 € · companies in the industry: 30 470
Net profit margin · 2025 4.5 %

above 48% of companies

industry median 5.9 % · companies in the industry: 25 042

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 284 821 € · −9.7% vs Q2 2026 · industry median 15 029 € · above 92% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 5 693 € · −1.0% vs Q2 2026 · industry median 857 € · above 98% of the industry

Company
Industry median

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

Employees Q3 2026: 4 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 44 452 € · −20.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	284 821	44 452	22 771	4
Q2 2026	315 427	55 904	23 010	4
Q1 2026	413 966	54 096	23 012	4
Q4 2025	305 988	41 806	23 133	4
Q3 2025	249 402	48 224	23 122	4
Q2 2025	328 416	223 568	26 595	5
Q1 2025	434 042	73 200	26 874	5
Q4 2024	1 988 432	63 167	31 115	5
Q3 2024	785 969	—	29 936	7
Q2 2024	1 340 683	56 419	29 885	7
Q1 2024	1 278 830	93 929	34 623	7
Q4 2023	955 986	87 790	28 219	7
Q3 2023	659 228	71 737	27 354	6
Q2 2023	277 832	50 262	10 777	6
Q1 2023	135 336	16 665	—	5
Q4 2022	1 463 666	17 853	—	4
Q3 2022	80 216	7 563	—	4
Q2 2022	75 467	8 534	—	4
Q1 2022	1 165 671	10 588	—	3

Labour taxes per employee per month

1 898 €

Turnover per employee in the quarter

71 205 €

Q3 2026 · calculated from EMTA data

Financials by year

2019 – 2025

Revenue, € thousand 2025: 1 156 059 € · −69.0% vs 2024 · industry median 13 620 € · above 98% of the industry

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: 52 233 € · −96.9% vs 2024 · industry median 283 € · above 91% of the industry

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: 4.5 % · −41.0 pp vs the year before · industry median 5.9 % · above 48% of the industry

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: 5 169 411 € · −10.9% vs 2024

Equity, € thousand 2025: 2 325 844 € · +2.3% vs 2024

Employees 2025: 7 · −12.5% vs 2024 · industry median 1 · above 98% of the industry

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, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	1 156 059	52 233	—	5 169 411	2 325 844	7
2024	3 729 899	1 698 001	285 529	5 799 211	2 273 611	8
2023	1 640 351	331 443	230 594	5 326 531	575 610	7
2022	386 862	137 753	0	3 960 321	244 167	0
2021	98 831	29 993	0	2 387 754	106 414	0
2020	356 545	95 291	0	443 458	75 771	0
2019	0	-22 020	0	551 838	-19 520	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

4.5 %

Net profit / revenue

Return on equity (ROE)

2.2 %

Net profit / equity

Return on assets (ROA)

1.0 %

Net profit / assets

Equity ratio

45.0 %

Equity / assets

Debt ratio

55.0 %

Liabilities / assets

Current ratio

0.13

Current assets / current liabilities

Revenue per employee

165 151 €

Revenue / average full-time employees

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	30 Jun 2026	Consolidated · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	18 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	7 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	5 Jul 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	11 Jul 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Company’s own	e-Äriregister
2019	7 Jan 2019 – 31 Dec 2019	30 Jun 2020	Company’s own	e-Äriregister

Board

Gert Jugala
Board member · since 7 Jan 2019
Markus Jugala
Board member · since 25 Nov 2021
Indrek Sandberg
Board member · since 20 Feb 2024

Right of representation

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

Owners

GJ Kapitalinvest OÜ
Legal person · 10382617 · 2 500 €

79.37%
MJ Mercurius Holding OÜ
Legal person · 16369730 · 650 €

20.63%

Owner in

Püssi Project OÜ
50%
Saue Smart OÜ
100%

Beneficial owners

Gert Jugala
Indirect ownership · since 23 Jan 2019

Founders and other persons

GJ Kapitalinvest OÜ
Founder · 2 500 € · 7 Jan 2019
Audiitorbüroo Rostok & Kärt OÜ
Audit firm · 21 Jun 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

68201Rental and operating of own or leased real estate Main
68121Development of building projects
68321Management of buildings and rental houses (apartment associations, housing associations, building associations etc.)

Rulings 9

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50110307 / 8 31 Dec 2025	Amendment entry		In force 31 Dec 2025	PDF
Ä 50110307 / M1 9 Dec 2025	Ruling to eliminate deficiencies	24 Dec 2025	Deficiencies eliminated 31 Dec 2025	PDF
Ä 50110307 / 7 22 Apr 2025	Amendment entry		In force 22 Apr 2025	PDF
Ä 50110307 / 6 20 Feb 2024	Amendment entry		In force 20 Feb 2024	PDF
Ä 50110307 / 5 3 Sep 2023	Amendment entry		In force 3 Sep 2023	PDF
Ä 50110307 / 4 21 Jun 2023	Amendment under Code of Civil Procedure § 595¹ (1)		In force 21 Jun 2023	PDF
Ä 50110307 / 3 14 Dec 2021	Amendment entry		In force 14 Dec 2021	PDF
Ä 50110307 / 2 25 Nov 2021	Amendment entry		In force 25 Nov 2021	PDF
Ä 50110307 7 Jan 2019	First entry		In force 7 Jan 2019	PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data

Tulevara OÜ

Position in the industry Real estate activities · EMTAK 68

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 9