HW Assets OÜ

Active Registry code 14854562 OÜ Tartu linn Registered 25 Nov 2019
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HW Assets OÜ is a OÜ based in Tartu linn, registry code 14854562, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €286 447 with employees.

Turnover
286 447 €
↓ 1.7% vs Q2 2026
State taxes
55 950 €
↑ 2.9% 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 286 447 €
    industry median 15 030 € · companies in the industry: 7 443
  • Revenue · 2025 1.2 mn €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 171.8 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 286 447 € · −1.7% vs Q2 2026 · industry median 15 030 € · above 92% of the industry
0100200300400500Q4 2023 Company: 286 360 € Industry median: 14 897 €Q4·23Q1 2024 Company: 279 049 € Industry median: 15 027 €Q2 2024 Company: 267 223 € Industry median: 14 064 €Q2·24Q3 2024 Company: 287 338 € Industry median: 14 462 €Q4 2024 Company: 285 180 € Industry median: 14 610 €Q4·24Q1 2025 Company: 294 021 € Industry median: 14 672 €Q2 2025 Company: 428 020 € Industry median: 14 301 €Q2·25Q3 2025 Company: 305 461 € Industry median: 14 273 €Q4 2025 Company: 310 015 € Industry median: 14 464 €Q4·25Q1 2026 Company: 315 314 € Industry median: 14 759 €Q2 2026 Company: 291 269 € Industry median: 14 595 €Q2·26Q3 2026 Company: 286 447 € Industry median: 15 030 €Q3·260100200300400500Q4 2024 Company: 285 180 € Industry median: 14 610 €Q1 2025 Company: 294 021 € Industry median: 14 672 €Q1·25Q2 2025 Company: 428 020 € Industry median: 14 301 €Q3 2025 Company: 305 461 € Industry median: 14 273 €Q3·25Q4 2025 Company: 310 015 € Industry median: 14 464 €Q1 2026 Company: 315 314 € Industry median: 14 759 €Q1·26Q2 2026 Company: 291 269 € Industry median: 14 595 €Q3 2026 Company: 286 447 € 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, € Q3 2026: 55 950 € · +2.9% vs Q2 2026
020 00040 00060 000Q4 2023 Company: 42 175 €Q4·23Q1 2024 Company: 43 447 €Q2 2024 Company: 47 677 €Q2·24Q3 2024 Company: 48 059 €Q4 2024 Company: 49 841 €Q4·24Q1 2025 Company: 52 244 €Q2 2025 Company: 0 €Q2·25Q3 2025 Company: 57 131 €Q4 2025 Company: 58 479 €Q4·25Q1 2026 Company: 54 120 €Q2 2026 Company: 54 389 €Q2·26Q3 2026 Company: 55 950 €Q3·26020 00040 00060 000Q4 2024 Company: 49 841 €Q1 2025 Company: 52 244 €Q1·25Q2 2025 Company: 0 €Q3 2025 Company: 57 131 €Q3·25Q4 2025 Company: 58 479 €Q1 2026 Company: 54 120 €Q1·26Q2 2026 Company: 54 389 €Q3 2026 Company: 55 950 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 286 447 55 950 — —
Q2 2026 291 269 54 389 — —
Q1 2026 315 314 54 120 — —
Q4 2025 310 015 58 479 — —
Q3 2025 305 461 57 131 — —
Q2 2025 428 020 — — —
Q1 2025 294 021 52 244 — —
Q4 2024 285 180 49 841 — —
Q3 2024 287 338 48 059 — —
Q2 2024 267 223 47 677 — —
Q1 2024 279 049 43 447 — —
Q4 2023 286 360 42 175 — —
Q3 2023 280 291 39 847 — —
Q2 2023 257 427 37 783 — —
Q1 2023 307 604 41 119 — —
Q4 2022 330 921 39 169 — —
Q3 2022 342 477 37 219 — —
Q2 2022 256 453 23 989 — —
Q1 2022 259 029 39 426 — —

Financials by year

2020 – 2025
Revenue, € thousand 2025: 1 192 673 € · +6.4% vs 2024 · industry median 13 620 € · above 98% of the industry
02505007501 0001 2502020 Company: — Industry median: 10 586 €20202021 Company: 481 822 € Industry median: 11 162 €20212022 Company: 1 220 351 € Industry median: 11 789 €20222023 Company: 1 102 443 € Industry median: 12 224 €20232024 Company: 1 120 533 € Industry median: 12 853 €20242025 Company: 1 192 673 € Industry median: 13 620 €202502505007501 0001 2502020 Company: — Industry median: 10 586 €2021 Company: 481 822 € Industry median: 11 162 €20212022 Company: 1 220 351 € Industry median: 11 789 €2023 Company: 1 102 443 € Industry median: 12 224 €20232024 Company: 1 120 533 € Industry median: 12 853 €2025 Company: 1 192 673 € 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: 2 049 041 € · +137.6% vs 2024 · industry median 283 € · above 98% of the industry
-50005001 0001 5002 0002 5002020 Company: -120 410 € Industry median: 175 €20202021 Company: 952 632 € Industry median: 251 €20212022 Company: 346 255 € Industry median: 161 €20222023 Company: 288 760 € Industry median: 154 €20232024 Company: 862 375 € Industry median: 256 €20242025 Company: 2 049 041 € Industry median: 283 €2025-50005001 0001 5002 0002 5002020 Company: -120 410 € Industry median: 175 €2021 Company: 952 632 € Industry median: 251 €20212022 Company: 346 255 € Industry median: 161 €2023 Company: 288 760 € Industry median: 154 €20232024 Company: 862 375 € Industry median: 256 €2025 Company: 2 049 041 € 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: 171.8 % · +94.8 pp vs the year before · industry median 5.9 % · above 98% of the industry
0501001502002020 Company: — Industry median: 5.6 %20202021 Company: 197.7 % Industry median: 7.4 %20212022 Company: 28.4 % Industry median: 5.9 %20222023 Company: 26.2 % Industry median: 5.2 %20232024 Company: 77.0 % Industry median: 5.9 %20242025 Company: 171.8 % Industry median: 5.9 %20250501001502002020 Company: — Industry median: 5.6 %2021 Company: 197.7 % Industry median: 7.4 %20212022 Company: 28.4 % Industry median: 5.9 %2023 Company: 26.2 % Industry median: 5.2 %20232024 Company: 77.0 % Industry median: 5.9 %2025 Company: 171.8 % 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: 11 492 440 € · +5.0% vs 2024
02 5005 0007 50010 00012 5002020 Company: 4 579 757 €20202021 Company: 8 517 925 €20212022 Company: 8 577 624 €20222023 Company: 8 681 423 €20232024 Company: 10 941 141 €20242025 Company: 11 492 440 €202502 5005 0007 50010 00012 5002020 Company: 4 579 757 €2021 Company: 8 517 925 €20212022 Company: 8 577 624 €2023 Company: 8 681 423 €20232024 Company: 10 941 141 €2025 Company: 11 492 440 €2025
Equity, € thousand 2025: 4 381 162 € · +87.9% vs 2024
-1 00001 0002 0003 0004 0005 0002020 Company: -117 910 €20202021 Company: 834 722 €20212022 Company: 1 180 977 €20222023 Company: 1 469 737 €20232024 Company: 2 332 122 €20242025 Company: 4 381 162 €2025-1 00001 0002 0003 0004 0005 0002020 Company: -117 910 €2021 Company: 834 722 €20212022 Company: 1 180 977 €2023 Company: 1 469 737 €20232024 Company: 2 332 122 €2025 Company: 4 381 162 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02020 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: 120250.00.20.40.60.81.02020 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 1 192 673 2 049 041 11 492 440 4 381 162 0
2024 1 120 533 862 375 10 941 141 2 332 122 0
2023 1 102 443 288 760 8 681 423 1 469 737 0
2022 1 220 351 346 255 8 577 624 1 180 977 0
2021 481 822 952 632 8 517 925 834 722 0
2020 — -120 410 4 579 757 -117 910 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
171.8 %
Net profit / revenue
Return on equity (ROE)
46.8 %
Net profit / equity
Return on assets (ROA)
17.8 %
Net profit / assets
Equity ratio
38.1 %
Equity / assets
Debt ratio
61.9 %
Liabilities / assets
Current ratio
0.31
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 6 Jul 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 18 Aug 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 5 Feb 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 3 Mar 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 17 Mar 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Jun 2021 Company’s own · audited e-Äriregister

Board

  • Aivar Saarma
    Board member · since 17 Jul 2024
  • Nasdaq CSD SE
    Keeper of the share register · since 18 Feb 2020

Right of representation

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

Owners

Beneficial owners

  • Aivar Saarma
    Member of a senior management body (management or supervisory board) · since 19 Jul 2024

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 50133715 / 7
25 Oct 2024
Second (constitutive) merger entry In force
25 Oct 2024
PDF
Ä 50133715 / 6
17 Jul 2024
Amendment entry In force
17 Jul 2024
PDF
Ä 50133715 / 5
6 Apr 2023
Amendment under Code of Civil Procedure § 595¹ (1) In force
6 Apr 2023
PDF
Ä 50133715 / M2
18 Mar 2022
Procedural ruling 1 Apr 2022 Deficiencies eliminated
22 Mar 2022
PDF
Ä 50133715 / 4
22 Apr 2020
Amendment entry In force
22 Apr 2020
PDF
Ä 50133715 / 3
19 Mar 2020
Amendment entry In force
19 Mar 2020
PDF
Ä 50133715 / M1
18 Mar 2020
Ruling to eliminate deficiencies 7 Apr 2020 Deficiencies eliminated
19 Mar 2020
PDF
Ä 50133715 / 2
18 Feb 2020
Amendment entry In force
18 Feb 2020
PDF
Ä 50133715
25 Nov 2019
First entry In force
25 Nov 2019
PDF

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