H11 OÜ

Active Registry code 14700698 OÜ Tallinn Registered 9 Apr 2019
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H11 OÜ is a OÜ based in Tallinn, registry code 14700698, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €151 841 with employees.

Turnover
151 841 €
↓ 9.0% vs Q2 2026
State taxes
32 470 €
↑ 7.8% 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 151 841 €
    industry median 15 029 € · companies in the industry: 7 444
  • Revenue · 2025 679 729 €
    industry median 13 620 € · companies in the industry: 30 470
  • Net profit margin · 2025 11.1 %
    industry median 5.9 % · companies in the industry: 25 042

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 151 841 € · −9.0% vs Q2 2026 · industry median 15 029 € · above 87% of the industry
050100150200250Q4 2023 Company: 852 € Industry median: 14 894 €Q4·23Q1 2024 Company: 1 998 € Industry median: 15 029 €Q2 2024 Company: 1 189 € Industry median: 14 045 €Q2·24Q3 2024 Company: 0 € Industry median: 14 441 €Q4 2024 Company: 95 810 € Industry median: 14 605 €Q4·24Q1 2025 Company: 221 820 € Industry median: 14 686 €Q2 2025 Company: 163 767 € Industry median: 14 302 €Q2·25Q3 2025 Company: 149 500 € Industry median: 14 276 €Q4 2025 Company: 164 928 € Industry median: 14 465 €Q4·25Q1 2026 Company: 179 945 € Industry median: 14 753 €Q2 2026 Company: 166 790 € Industry median: 14 601 €Q2·26Q3 2026 Company: 151 841 € Industry median: 15 029 €Q3·26050100150200250Q4 2024 Company: 95 810 € Industry median: 14 605 €Q1 2025 Company: 221 820 € Industry median: 14 686 €Q1·25Q2 2025 Company: 163 767 € Industry median: 14 302 €Q3 2025 Company: 149 500 € Industry median: 14 276 €Q3·25Q4 2025 Company: 164 928 € Industry median: 14 465 €Q1 2026 Company: 179 945 € Industry median: 14 753 €Q1·26Q2 2026 Company: 166 790 € Industry median: 14 601 €Q3 2026 Company: 151 841 € Industry median: 15 029 €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, € Q3 2026: 32 470 € · +7.8% vs Q2 2026
020 00040 00060 000Q4 2023 Company: 11 388 €Q4·23Q1 2024 Company: 52 €Q2 2024 Company: 12 116 €Q2·24Q3 2024 Company: 0 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: 51 589 €Q2 2025 Company: 31 258 €Q2·25Q3 2025 Company: 33 313 €Q4 2025 Company: 2 320 €Q4·25Q1 2026 Company: 34 203 €Q2 2026 Company: 30 109 €Q2·26Q3 2026 Company: 32 470 €Q3·26020 00040 00060 000Q4 2024 Company: 0 €Q1 2025 Company: 51 589 €Q1·25Q2 2025 Company: 31 258 €Q3 2025 Company: 33 313 €Q3·25Q4 2025 Company: 2 320 €Q1 2026 Company: 34 203 €Q1·26Q2 2026 Company: 30 109 €Q3 2026 Company: 32 470 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 151 841 32 470 — —
Q2 2026 166 790 30 109 — —
Q1 2026 179 945 34 203 — —
Q4 2025 164 928 2 320 — —
Q3 2025 149 500 33 313 — —
Q2 2025 163 767 31 258 — —
Q1 2025 221 820 51 589 — —
Q4 2024 95 810 — — —
Q3 2024 — — — —
Q2 2024 1 189 12 116 — —
Q1 2024 1 998 52 — —
Q4 2023 852 11 388 — —
Q3 2023 1 548 1 — —
Q2 2023 1 675 53 — —
Q1 2023 1 002 11 386 — —
Q4 2022 — 11 386 — —
Q3 2022 — — — —
Q2 2022 — — — —
Q1 2022 — 11 386 — —

Financials by year

2019 – 2025
Revenue, € thousand 2025: 679 729 € · +321.7% vs 2024 · industry median 13 620 € · above 98% of the industry
02004006008002019 Company: 5 993 € Industry median: 10 800 €20192020 Company: 15 146 € Industry median: 10 586 €20202021 Company: 4 500 € Industry median: 11 162 €20212022 Company: 268 € Industry median: 11 792 €20222023 Company: 5 761 € Industry median: 12 224 €20232024 Company: 161 184 € Industry median: 12 863 €20242025 Company: 679 729 € Industry median: 13 620 €202502004006008002019 Company: 5 993 € Industry median: 10 800 €20192020 Company: 15 146 € Industry median: 10 586 €2021 Company: 4 500 € Industry median: 11 162 €20212022 Company: 268 € Industry median: 11 792 €2023 Company: 5 761 € Industry median: 12 224 €20232024 Company: 161 184 € Industry median: 12 863 €2025 Company: 679 729 € 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: 75 461 € · +173.6% vs 2024 · industry median 283 € · above 92% of the industry
-300-200-10001002019 Company: -132 003 € Industry median: 205 €20192020 Company: -195 638 € Industry median: 175 €20202021 Company: -206 050 € Industry median: 250 €20212022 Company: -241 884 € Industry median: 161 €20222023 Company: -215 841 € Industry median: 154 €20232024 Company: -102 489 € Industry median: 256 €20242025 Company: 75 461 € Industry median: 283 €2025-300-200-10001002019 Company: -132 003 € Industry median: 205 €20192020 Company: -195 638 € Industry median: 175 €2021 Company: -206 050 € Industry median: 250 €20212022 Company: -241 884 € Industry median: 161 €2023 Company: -215 841 € Industry median: 154 €20232024 Company: -102 489 € Industry median: 256 €2025 Company: 75 461 € 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: 11.1 % · +74.7 pp vs the year before · industry median 5.9 % · above 56% of the industry
-5 000-4 000-3 000-2 000-1 00001 0002019 Company: -2 202.6 % Industry median: 5.7 %20192020 Company: -1 291.7 % Industry median: 5.6 %20202021 Company: -4 578.9 % Industry median: 7.4 %20212022 Company: — Industry median: 5.9 %20222023 Company: -3 746.6 % Industry median: 5.2 %20232024 Company: -63.6 % Industry median: 5.9 %20242025 Company: 11.1 % Industry median: 5.9 %2025-5 000-4 000-3 000-2 000-1 00001 0002019 Company: -2 202.6 % Industry median: 5.7 %20192020 Company: -1 291.7 % Industry median: 5.6 %2021 Company: -4 578.9 % Industry median: 7.4 %20212022 Company: — Industry median: 5.9 %2023 Company: -3 746.6 % Industry median: 5.2 %20232024 Company: -63.6 % Industry median: 5.9 %2025 Company: 11.1 % 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: 7 779 710 € · −2.1% vs 2024
02 0004 0006 0008 0002019 Company: 6 111 810 €20192020 Company: 6 194 669 €20202021 Company: 6 439 079 €20212022 Company: 6 603 687 €20222023 Company: 6 604 586 €20232024 Company: 7 944 532 €20242025 Company: 7 779 710 €202502 0004 0006 0008 0002019 Company: 6 111 810 €20192020 Company: 6 194 669 €2021 Company: 6 439 079 €20212022 Company: 6 603 687 €2023 Company: 6 604 586 €20232024 Company: 7 944 532 €2025 Company: 7 779 710 €2025
Equity, € thousand 2025: 285 056 € · +36.0% vs 2024
-1 000-50005002019 Company: -129 503 €20192020 Company: -325 141 €20202021 Company: -531 191 €20212022 Company: -773 075 €20222023 Company: -988 916 €20232024 Company: 209 595 €20242025 Company: 285 056 €2025-1 000-50005002019 Company: -129 503 €20192020 Company: -325 141 €2021 Company: -531 191 €20212022 Company: -773 075 €2023 Company: -988 916 €20232024 Company: 209 595 €2025 Company: 285 056 €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, € Labour costs, € Assets, € Equity, € Employees
2025 679 729 75 461 0 7 779 710 285 056 0
2024 161 184 -102 489 0 7 944 532 209 595 0
2023 5 761 -215 841 0 6 604 586 -988 916 0
2022 268 -241 884 0 6 603 687 -773 075 0
2021 4 500 -206 050 0 6 439 079 -531 191 0
2020 15 146 -195 638 0 6 194 669 -325 141 0
2019 5 993 -132 003 0 6 111 810 -129 503 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
11.1 %
Net profit / revenue
Return on equity (ROE)
26.5 %
Net profit / equity
Return on assets (ROA)
1.0 %
Net profit / assets
Equity ratio
3.7 %
Equity / assets
Debt ratio
96.3 %
Liabilities / assets
Current ratio
0.01
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 16 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 11 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 11 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 15 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 8 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 1 Jun 2021 Company’s own · audited e-Äriregister
2019 9 Apr 2019 – 31 Dec 2019 23 Jul 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.

Owners

Beneficial owners

  • Märt Luuk
    Member of a senior management body (management or supervisory board) · since 13 Apr 2020

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 50117163 / 4
5 Jan 2024
Amendment entry In force
5 Jan 2024
PDF
Ä 50117163 / M2
27 Dec 2023
Ruling to eliminate deficiencies 17 Jan 2024 Deficiencies eliminated
5 Jan 2024
PDF
Ä 50117163 / 3
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 50117163 / 2
18 May 2023
Amendment entry In force
18 May 2023
PDF
Ä 50117163 / M1
14 Jul 2022
Ruling to correct data outside an entry 28 Jul 2022 In force
14 Jul 2022
PDF
Ä 50117163
9 Apr 2019
First entry In force
9 Apr 2019
PDF

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