Palo Alto Club OÜ

Active Registry code 14827861 OÜ Tallinn Registered 16 Oct 2019
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Palo Alto Club OÜ is a OÜ based in Tallinn, registry code 14827861, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €41 042 with 2 employees.

Turnover
41 042 €
↓ 14.0% vs Q2 2026
State taxes
6 399 €
↓ 17.1% vs Q2 2026
Labour taxes
5 779 €
↓ 0.6% vs Q2 2026
Employees
2
±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 41 042 €
    industry median 15 030 € · companies in the industry: 7 443
  • Labour taxes per employee 2 890 €
    industry median 857 € · companies in the industry: 7 261
  • Revenue · 2025 209 686 €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 -9.1 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 41 042 € · −14.0% vs Q2 2026 · industry median 15 030 € · above 70% of the industry
020 00040 00060 00080 000100 000Q4 2023 Company: 86 519 € Industry median: 14 897 €Q4·23Q1 2024 Company: 79 155 € Industry median: 15 027 €Q2 2024 Company: 80 406 € Industry median: 14 064 €Q2·24Q3 2024 Company: 50 935 € Industry median: 14 462 €Q4 2024 Company: 68 144 € Industry median: 14 610 €Q4·24Q1 2025 Company: 54 459 € Industry median: 14 672 €Q2 2025 Company: 54 727 € Industry median: 14 301 €Q2·25Q3 2025 Company: 42 421 € Industry median: 14 273 €Q4 2025 Company: 58 680 € Industry median: 14 464 €Q4·25Q1 2026 Company: 50 175 € Industry median: 14 759 €Q2 2026 Company: 47 734 € Industry median: 14 595 €Q2·26Q3 2026 Company: 41 042 € Industry median: 15 030 €Q3·26020 00040 00060 00080 000Q4 2024 Company: 68 144 € Industry median: 14 610 €Q1 2025 Company: 54 459 € Industry median: 14 672 €Q1·25Q2 2025 Company: 54 727 € Industry median: 14 301 €Q3 2025 Company: 42 421 € Industry median: 14 273 €Q3·25Q4 2025 Company: 58 680 € Industry median: 14 464 €Q1 2026 Company: 50 175 € Industry median: 14 759 €Q1·26Q2 2026 Company: 47 734 € Industry median: 14 595 €Q3 2026 Company: 41 042 € 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.

Labour taxes per employee, € Q3 2026: 2 890 € · −0.6% vs Q2 2026 · industry median 857 € · above 91% of the industry
01 0002 0003 0004 000Q4 2023 Company: 2 558 € Industry median: 671 €Q4·23Q1 2024 Company: 2 775 € Industry median: 694 €Q2 2024 Company: 2 910 € Industry median: 712 €Q2·24Q3 2024 Company: 2 917 € Industry median: 728 €Q4 2024 Company: 2 910 € Industry median: 727 €Q4·24Q1 2025 Company: 3 018 € Industry median: 780 €Q2 2025 Company: 3 073 € Industry median: 771 €Q2·25Q3 2025 Company: 3 082 € Industry median: 812 €Q4 2025 Company: 3 640 € Industry median: 812 €Q4·25Q1 2026 Company: 2 971 € Industry median: 818 €Q2 2026 Company: 2 908 € Industry median: 828 €Q2·26Q3 2026 Company: 2 890 € Industry median: 857 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 2 910 € Industry median: 727 €Q1 2025 Company: 3 018 € Industry median: 780 €Q1·25Q2 2025 Company: 3 073 € Industry median: 771 €Q3 2025 Company: 3 082 € Industry median: 812 €Q3·25Q4 2025 Company: 3 640 € Industry median: 812 €Q1 2026 Company: 2 971 € Industry median: 818 €Q1·26Q2 2026 Company: 2 908 € Industry median: 828 €Q3 2026 Company: 2 890 € Industry median: 857 €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.

Employees Q3 2026: 2 · +0.0% vs Q2 2026
0.00.51.01.52.0Q4 2023 Company: 2Q4·23Q1 2024 Company: 2Q2 2024 Company: 2Q2·24Q3 2024 Company: 2Q4 2024 Company: 2Q4·24Q1 2025 Company: 2Q2 2025 Company: 2Q2·25Q3 2025 Company: 2Q4 2025 Company: 2Q4·25Q1 2026 Company: 2Q2 2026 Company: 2Q2·26Q3 2026 Company: 2Q3·260.00.51.01.52.0Q4 2024 Company: 2Q1 2025 Company: 2Q1·25Q2 2025 Company: 2Q3 2025 Company: 2Q3·25Q4 2025 Company: 2Q1 2026 Company: 2Q1·26Q2 2026 Company: 2Q3 2026 Company: 2Q3·26
State taxes, € Q3 2026: 6 399 € · −17.1% vs Q2 2026
02 5005 0007 50010 00012 500Q4 2023 Company: 11 793 €Q4·23Q1 2024 Company: 10 422 €Q2 2024 Company: 9 461 €Q2·24Q3 2024 Company: 6 920 €Q4 2024 Company: 10 345 €Q4·24Q1 2025 Company: 8 268 €Q2 2025 Company: 8 479 €Q2·25Q3 2025 Company: 6 661 €Q4 2025 Company: 11 547 €Q4·25Q1 2026 Company: 7 495 €Q2 2026 Company: 7 721 €Q2·26Q3 2026 Company: 6 399 €Q3·2602 5005 0007 50010 00012 500Q4 2024 Company: 10 345 €Q1 2025 Company: 8 268 €Q1·25Q2 2025 Company: 8 479 €Q3 2025 Company: 6 661 €Q3·25Q4 2025 Company: 11 547 €Q1 2026 Company: 7 495 €Q1·26Q2 2026 Company: 7 721 €Q3 2026 Company: 6 399 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 41 042 6 399 5 779 2
Q2 2026 47 734 7 721 5 815 2
Q1 2026 50 175 7 495 5 941 2
Q4 2025 58 680 11 547 7 279 2
Q3 2025 42 421 6 661 6 163 2
Q2 2025 54 727 8 479 6 145 2
Q1 2025 54 459 8 268 6 036 2
Q4 2024 68 144 10 345 5 819 2
Q3 2024 50 935 6 920 5 833 2
Q2 2024 80 406 9 461 5 819 2
Q1 2024 79 155 10 422 5 549 2
Q4 2023 86 519 11 793 5 115 2
Q3 2023 71 158 10 816 6 039 2
Q2 2023 81 207 10 825 4 729 1
Q1 2023 77 840 8 337 4 410 1
Q4 2022 74 528 8 657 4 410 1
Q3 2022 67 205 9 118 5 439 1
Q2 2022 66 150 7 456 3 969 1
Q1 2022 79 442 9 078 3 675 1
Labour taxes per employee per month
963 €
Turnover per employee in the quarter
20 521 €

Q3 2026 · calculated from EMTA data

Financials by year

2020 – 2025
Revenue, € thousand 2025: 209 686 € · −22.1% vs 2024 · industry median 13 620 € · above 92% of the industry
01002003004002020 Company: 169 628 € Industry median: 10 586 €20202021 Company: 225 275 € Industry median: 11 162 €20212022 Company: 289 237 € Industry median: 11 789 €20222023 Company: 316 133 € Industry median: 12 224 €20232024 Company: 269 224 € Industry median: 12 853 €20242025 Company: 209 686 € Industry median: 13 620 €202501002003004002020 Company: 169 628 € Industry median: 10 586 €2021 Company: 225 275 € Industry median: 11 162 €20212022 Company: 289 237 € Industry median: 11 789 €2023 Company: 316 133 € Industry median: 12 224 €20232024 Company: 269 224 € Industry median: 12 853 €2025 Company: 209 686 € 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: -19 074 € · −1 664.5% vs 2024 · industry median 283 € · above 6% of the industry
-150-100-500502020 Company: -122 719 € Industry median: 175 €20202021 Company: -29 283 € Industry median: 251 €20212022 Company: 8 755 € Industry median: 161 €20222023 Company: 45 449 € Industry median: 154 €20232024 Company: -1 081 € Industry median: 256 €20242025 Company: -19 074 € Industry median: 283 €2025-150-100-500502020 Company: -122 719 € Industry median: 175 €2021 Company: -29 283 € Industry median: 251 €20212022 Company: 8 755 € Industry median: 161 €2023 Company: 45 449 € Industry median: 154 €20232024 Company: -1 081 € Industry median: 256 €2025 Company: -19 074 € 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: -9.1 % · −8.7 pp vs the year before · industry median 5.9 % · above 16% of the industry
-80-60-40-200202020 Company: -72.3 % Industry median: 5.6 %20202021 Company: -13.0 % Industry median: 7.4 %20212022 Company: 3.0 % Industry median: 5.9 %20222023 Company: 14.4 % Industry median: 5.2 %20232024 Company: -0.4 % Industry median: 5.9 %20242025 Company: -9.1 % Industry median: 5.9 %2025-80-60-40-200202020 Company: -72.3 % Industry median: 5.6 %2021 Company: -13.0 % Industry median: 7.4 %20212022 Company: 3.0 % Industry median: 5.9 %2023 Company: 14.4 % Industry median: 5.2 %20232024 Company: -0.4 % Industry median: 5.9 %2025 Company: -9.1 % 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: 79 609 € · −18.8% vs 2024
02550751001252020 Company: 91 997 €20202021 Company: 83 034 €20212022 Company: 104 427 €20222023 Company: 113 056 €20232024 Company: 97 984 €20242025 Company: 79 609 €202502550751001252020 Company: 91 997 €2021 Company: 83 034 €20212022 Company: 104 427 €2023 Company: 113 056 €20232024 Company: 97 984 €2025 Company: 79 609 €2025
Equity, € thousand 2025: 56 691 € · −25.2% vs 2024
-150-100-500501002020 Company: -120 219 €20202021 Company: -149 502 €20212022 Company: 31 397 €20222023 Company: 76 846 €20232024 Company: 75 765 €20242025 Company: 56 691 €2025-150-100-500501002020 Company: -120 219 €2021 Company: -149 502 €20212022 Company: 31 397 €2023 Company: 76 846 €20232024 Company: 75 765 €2025 Company: 56 691 €2025
Employees 2025: 2 · +0.0% vs 2024 · industry median 1 · above 70% of the industry
0.00.51.01.52.02020 Company: 1 Industry median: 120202021 Company: 1 Industry median: 120212022 Company: 1 Industry median: 120222023 Company: 1 Industry median: 120232024 Company: 2 Industry median: 120242025 Company: 2 Industry median: 120250.00.51.01.52.02020 Company: 1 Industry median: 12021 Company: 1 Industry median: 120212022 Company: 1 Industry median: 12023 Company: 1 Industry median: 120232024 Company: 2 Industry median: 12025 Company: 2 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 209 686 -19 074 61 205 79 609 56 691 2
2024 269 224 -1 081 57 168 97 984 75 765 2
2023 316 133 45 449 52 108 113 056 76 846 1
2022 289 237 8 755 46 584 104 427 31 397 1
2021 225 275 -29 283 34 112 83 034 -149 502 1
2020 169 628 -122 719 16 235 91 997 -120 219 1

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
-9.1 %
Net profit / revenue
Return on equity (ROE)
-33.6 %
Net profit / equity
Return on assets (ROA)
-24.0 %
Net profit / assets
Equity ratio
71.2 %
Equity / assets
Debt ratio
28.8 %
Liabilities / assets
Current ratio
3.10
Current assets / current liabilities
Revenue per employee
104 843 €
Revenue / average full-time employees
Labour cost per employee per month
2 550 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 9 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 10 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 18 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 26 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Company’s own e-Äriregister
2020 16 Oct 2019 – 31 Dec 2020 1 Jul 2021 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

  • Argo Karuse
    Member of a senior management body (management or supervisory board) · since 26 Jun 2023
  • Marek Kiisa
    Indirect ownership · since 16 Oct 2019
  • Rain Rannu
    Indirect ownership · since 16 Oct 2019
  • Veljo Otsason
    Indirect ownership · since 16 Oct 2019

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 50130781 / 5
11 Sep 2023
Amendment entry In force
11 Sep 2023
PDF
Ä 50130781 / 4
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 50130781 / 3
16 Mar 2023
Amendment entry In force
16 Mar 2023
PDF
Ä 50130781 / M1
3 Mar 2023
Ruling to eliminate deficiencies 31 Mar 2023 Deficiencies eliminated
16 Mar 2023
PDF
Ä 50130781 / 2
5 Dec 2022
Amendment entry In force
5 Dec 2022
PDF
Ä 50130781
16 Oct 2019
First entry In force
16 Oct 2019
PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data