Elsec OÜ

Active Registry code 14913750 OÜ Tallinn Registered 17 Feb 2020
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Elsec OÜ is a OÜ based in Tallinn, registry code 14913750, status: active. Main activity: Construction of utility projects for electricity and telecommunications. According to EMTA, turnover for Q3 2026 was €121 889 with 2 employees.

Turnover
121 889 €
↑ 0.6% vs Q2 2026
State taxes
4 620 €
↑ 282.1% vs Q2 2026
Labour taxes
1 561 €
↑ 250.0% vs Q2 2026
Employees
2
±0 vs Q2 2026

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

Position in the industry Civil engineering · EMTAK 42

  • Turnover · Q3 2026 121 889 €
    industry median 52 240 € · companies in the industry: 1 125
  • Labour taxes per employee 781 €
    industry median 1 750 € · companies in the industry: 933
  • Revenue · 2025 291 750 €
    industry median 88 960 € · companies in the industry: 1 426
  • Net profit margin · 2025 2.3 %
    industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 121 889 € · +0.6% vs Q2 2026 · industry median 52 240 € · above 64% of the industry
0255075100125Q4 2023 Company: 12 802 € Industry median: 57 537 €Q4·23Q1 2024 Company: 26 074 € Industry median: 30 131 €Q2 2024 Company: 21 498 € Industry median: 43 636 €Q2·24Q3 2024 Company: 28 725 € Industry median: 55 552 €Q4 2024 Company: 35 073 € Industry median: 59 411 €Q4·24Q1 2025 Company: 43 642 € Industry median: 34 084 €Q2 2025 Company: 98 913 € Industry median: 44 234 €Q2·25Q3 2025 Company: 59 565 € Industry median: 54 940 €Q4 2025 Company: 93 964 € Industry median: 60 220 €Q4·25Q1 2026 Company: 53 507 € Industry median: 36 839 €Q2 2026 Company: 121 179 € Industry median: 44 874 €Q2·26Q3 2026 Company: 121 889 € Industry median: 52 240 €Q3·260255075100125Q4 2024 Company: 35 073 € Industry median: 59 411 €Q1 2025 Company: 43 642 € Industry median: 34 084 €Q1·25Q2 2025 Company: 98 913 € Industry median: 44 234 €Q3 2025 Company: 59 565 € Industry median: 54 940 €Q3·25Q4 2025 Company: 93 964 € Industry median: 60 220 €Q1 2026 Company: 53 507 € Industry median: 36 839 €Q1·26Q2 2026 Company: 121 179 € Industry median: 44 874 €Q3 2026 Company: 121 889 € Industry median: 52 240 €Q3·26
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 781 € · +250.0% vs Q2 2026 · industry median 1 750 € · above 12% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 0 € Industry median: 1 696 €Q4·23Q1 2024 Company: 0 € Industry median: 1 534 €Q2 2024 Company: 0 € Industry median: 1 448 €Q2·24Q3 2024 Company: 0 € Industry median: 1 657 €Q4 2024 Company: 0 € Industry median: 1 890 €Q4·24Q1 2025 Company: 0 € Industry median: 1 717 €Q2 2025 Company: 0 € Industry median: 1 538 €Q2·25Q3 2025 Company: 0 € Industry median: 1 845 €Q4 2025 Company: 335 € Industry median: 2 070 €Q4·25Q1 2026 Company: 116 € Industry median: 1 721 €Q2 2026 Company: 223 € Industry median: 1 482 €Q2·26Q3 2026 Company: 781 € Industry median: 1 750 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 0 € Industry median: 1 890 €Q1 2025 Company: 0 € Industry median: 1 717 €Q1·25Q2 2025 Company: 0 € Industry median: 1 538 €Q3 2025 Company: 0 € Industry median: 1 845 €Q3·25Q4 2025 Company: 335 € Industry median: 2 070 €Q1 2026 Company: 116 € Industry median: 1 721 €Q1·26Q2 2026 Company: 223 € Industry median: 1 482 €Q3 2026 Company: 781 € Industry median: 1 750 €Q3·26
  • Company
  • Industry median

Industry: Civil engineering (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: 1Q4·23Q1 2024 Company: 1Q2 2024 Company: 1Q2·24Q3 2024 Company: 1Q4 2024 Company: 1Q4·24Q1 2025 Company: 1Q2 2025 Company: 1Q2·25Q3 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: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: 2Q3·25Q4 2025 Company: 2Q1 2026 Company: 2Q1·26Q2 2026 Company: 2Q3 2026 Company: 2Q3·26
State taxes, € Q3 2026: 4 620 € · +282.1% vs Q2 2026
01 0002 0003 0004 0005 000Q4 2023 Company: 472 €Q4·23Q1 2024 Company: 1 681 €Q2 2024 Company: 297 €Q2·24Q3 2024 Company: 747 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: 0 €Q2 2025 Company: 0 €Q2·25Q3 2025 Company: 2 218 €Q4 2025 Company: 2 114 €Q4·25Q1 2026 Company: 835 €Q2 2026 Company: 1 209 €Q2·26Q3 2026 Company: 4 620 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 0 €Q1 2025 Company: 0 €Q1·25Q2 2025 Company: 0 €Q3 2025 Company: 2 218 €Q3·25Q4 2025 Company: 2 114 €Q1 2026 Company: 835 €Q1·26Q2 2026 Company: 1 209 €Q3 2026 Company: 4 620 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 121 889 4 620 1 561 2
Q2 2026 121 179 1 209 446 2
Q1 2026 53 507 835 231 2
Q4 2025 93 964 2 114 669 2
Q3 2025 59 565 2 218 — 2
Q2 2025 98 913 — — 1
Q1 2025 43 642 — — 1
Q4 2024 35 073 — — 1
Q3 2024 28 725 747 — 1
Q2 2024 21 498 297 — 1
Q1 2024 26 074 1 681 — 1
Q4 2023 12 802 472 — 1
Q3 2023 63 473 718 — 1
Q2 2023 59 616 1 529 — 1
Q1 2023 14 484 850 — 1
Q4 2022 9 148 332 147 1
Q3 2022 5 612 1 235 143 1
Q2 2022 8 529 359 — 1
Q1 2022 7 507 541 281 1
Labour taxes per employee per month
260 €
Turnover per employee in the quarter
60 945 €

Q3 2026 · calculated from EMTA data

Financials by year

2020 – 2025
Revenue, € thousand 2025: 291 750 € · +159.4% vs 2024 · industry median 88 960 € · above 69% of the industry
01002003002020 Company: 80 163 € Industry median: 79 900 €20202021 Company: 36 568 € Industry median: 85 202 €20212022 Company: 34 515 € Industry median: 83 429 €20222023 Company: 160 257 € Industry median: 84 652 €20232024 Company: 112 492 € Industry median: 74 590 €20242025 Company: 291 750 € Industry median: 88 960 €202501002003002020 Company: 80 163 € Industry median: 79 900 €2021 Company: 36 568 € Industry median: 85 202 €20212022 Company: 34 515 € Industry median: 83 429 €2023 Company: 160 257 € Industry median: 84 652 €20232024 Company: 112 492 € Industry median: 74 590 €2025 Company: 291 750 € Industry median: 88 960 €2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 6 748 € · −37.5% vs 2024 · industry median 2 500 € · above 59% of the industry
-10 000-5 00005 00010 00015 0002020 Company: 6 540 € Industry median: 1 997 €20202021 Company: -6 269 € Industry median: 2 977 €20212022 Company: 6 316 € Industry median: 2 069 €20222023 Company: 13 986 € Industry median: 2 486 €20232024 Company: 10 790 € Industry median: 1 984 €20242025 Company: 6 748 € Industry median: 2 500 €2025-10 000-5 00005 00010 00015 0002020 Company: 6 540 € Industry median: 1 997 €2021 Company: -6 269 € Industry median: 2 977 €20212022 Company: 6 316 € Industry median: 2 069 €2023 Company: 13 986 € Industry median: 2 486 €20232024 Company: 10 790 € Industry median: 1 984 €2025 Company: 6 748 € Industry median: 2 500 €2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 2.3 % · −7.3 pp vs the year before · industry median 5.0 % · above 41% of the industry
-20-10010202020 Company: 8.2 % Industry median: 5.2 %20202021 Company: -17.1 % Industry median: 6.0 %20212022 Company: 18.3 % Industry median: 4.7 %20222023 Company: 8.7 % Industry median: 5.1 %20232024 Company: 9.6 % Industry median: 4.7 %20242025 Company: 2.3 % Industry median: 5.0 %2025-20-10010202020 Company: 8.2 % Industry median: 5.2 %2021 Company: -17.1 % Industry median: 6.0 %20212022 Company: 18.3 % Industry median: 4.7 %2023 Company: 8.7 % Industry median: 5.1 %20232024 Company: 9.6 % Industry median: 4.7 %2025 Company: 2.3 % Industry median: 5.0 %2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € 2025: 73 425 € · −0.2% vs 2024
020 00040 00060 00080 0002020 Company: 19 813 €20202021 Company: 8 652 €20212022 Company: 17 346 €20222023 Company: 24 598 €20232024 Company: 73 544 €20242025 Company: 73 425 €2025020 00040 00060 00080 0002020 Company: 19 813 €2021 Company: 8 652 €20212022 Company: 17 346 €2023 Company: 24 598 €20232024 Company: 73 544 €2025 Company: 73 425 €2025
Equity, € 2025: 40 611 € · +19.9% vs 2024
010 00020 00030 00040 00050 0002020 Company: 9 040 €20202021 Company: 2 771 €20212022 Company: 9 087 €20222023 Company: 23 073 €20232024 Company: 33 863 €20242025 Company: 40 611 €2025010 00020 00030 00040 00050 0002020 Company: 9 040 €2021 Company: 2 771 €20212022 Company: 9 087 €2023 Company: 23 073 €20232024 Company: 33 863 €2025 Company: 40 611 €2025
Employees 2025: 1 · industry median 2 · above 5% of the industry
012342020 Company: 4 Industry median: 320202021 Company: 1 Industry median: 320212022 Company: 0 Industry median: 320222023 Company: 0 Industry median: 220232024 Company: 0 Industry median: 220242025 Company: 1 Industry median: 22025012342020 Company: 4 Industry median: 32021 Company: 1 Industry median: 320212022 Company: 0 Industry median: 32023 Company: 0 Industry median: 220232024 Company: 0 Industry median: 22025 Company: 1 Industry median: 22025
  • Company
  • Industry median

Industry: Civil engineering (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 291 750 6 748 2 280 73 425 40 611 1
2024 112 492 10 790 0 73 544 33 863 0
2023 160 257 13 986 0 24 598 23 073 0
2022 34 515 6 316 0 17 346 9 087 0
2021 36 568 -6 269 5 348 8 652 2 771 1
2020 80 163 6 540 38 946 19 813 9 040 4

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
2.3 %
Net profit / revenue
Return on equity (ROE)
16.6 %
Net profit / equity
Return on assets (ROA)
9.2 %
Net profit / assets
Equity ratio
55.3 %
Equity / assets
Debt ratio
44.7 %
Liabilities / assets
Current ratio
3.37
Current assets / current liabilities
Revenue per employee
291 750 €
Revenue / average full-time employees
Labour cost per employee per month
190 €
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 26 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 12 May 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 1 May 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 28 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 26 Aug 2022 Company’s own e-Äriregister
2020 17 Feb 2020 – 31 Dec 2020 27 Jun 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

Founders and other persons

No other persons.

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 42221Construction of utility projects for electricity and telecommunications Main
  • 4321Electrical installation

Rulings 5

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50140086 / 5
1 Sep 2023
 Amendment entry In force
1 Sep 2023
 PDF
Ä 50140086 / 4
6 Apr 2020
 Transformation entry In force
6 Apr 2020
 PDF
Ä 50140086 / 3
3 Apr 2020
 Amendment entry In force
3 Apr 2020
 PDF
Ä 50140086 / 2
18 Feb 2020
 Amendment entry In force
18 Feb 2020
 PDF
Ä 50140086
17 Feb 2020
 First entry In force
17 Feb 2020
 PDF

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