Armfest OÜ is a OÜ based in Tartu linn, registry code 16062351, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €185 with employees.
Turnover
185 €
↓ 90.9%vs Q2 2026
State taxes
—
Labour taxes
—
Employees
—
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Construction of residential and non-residential buildings · EMTAK 41
Turnover · Q3 2026185 €
above 2% of companies
industry median 25 252 € · companies in the industry: 4 696
Revenue · 202533 976 €
above 47% of companies
industry median 38 239 € · companies in the industry: 7 000
Net profit margin · 2025-72.2 %
above 2% of companies
industry median 3.5 % · companies in the industry: 5 562
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € Q3 2026: 185 € · −90.9% vs Q2 2026 · industry median 25 252 € · above 2% of the industry
Company
Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Labour taxes per employee, € Q3 2025: 468 € · industry median 1 208 € · above 12% of the industry
Company
Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
EmployeesQ3 2025: 1 · +0.0% vs Q2 2025State taxes, € Q2 2026: 83 € · −94.8% vs Q1 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
185
—
—
—
Q2 2026
2 029
83
—
—
Q1 2026
12 500
1 605
90
—
Q4 2025
2 823
378
378
—
Q3 2025
23 754
1 003
468
1
Q2 2025
5 275
26
—
1
Q1 2025
590
44
—
—
Q4 2024
11 066
491
360
—
Q3 2024
49 571
547
540
1
Q2 2024
54 584
2 056
576
1
Q1 2024
9 793
1 665
1 222
1
Q4 2023
15 646
3 984
3 918
1
Q3 2023
13 538
751
802
1
Q2 2023
12 057
1 142
1 152
1
Q1 2023
12 529
1 404
1 484
1
Q4 2022
12 896
923
889
1
Q3 2022
11 458
335
360
1
Q2 2022
15 685
503
540
1
Q1 2022
14 548
1 014
1 073
1
Financials by year
2021 – 2025
Revenue, € thousand 2025: 33 976 € · −72.1% vs 2024 · industry median 38 239 € · above 47% of the industry
Company
Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit, € 2025: -24 530 € · −44.3% vs 2024 · industry median 410 € · above 2% of the industry
Company
Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit margin, % 2025: -72.2 % · −58.3 pp vs the year before · industry median 3.5 % · above 2% of the industry
Company
Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Assets, € 2025: 29 072 € · +10.5% vs 2024Equity, € 2025: -27 380 € · −861.0% vs 2024Employees2025: 1 · +0.0% vs 2024 · industry median 2 · above 5% of the industry
Company
Industry median
Industry: Construction of residential and non-residential buildings (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
33 976
-24 530
3 539
29 072
-27 380
1
2024
121 989
-17 005
8 022
26 307
-2 849
1
2023
46 119
4 665
20 605
49 148
29 156
1
2022
54 594
9 370
10 912
40 177
24 491
1
2021
46 495
15 122
7 728
29 511
15 122
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
-72.2 %
Net profit / revenue
Return on assets (ROA)
-84.4 %
Net profit / assets
Equity ratio
-94.2 %
Equity / assets
Debt ratio
194.2 %
Liabilities / assets
Current ratio
0.06
Current assets / current liabilities
Revenue per employee
33 976 €
Revenue / average full-time employees
Labour cost per employee per month
295 €
Labour costs / employees / 12 months (incl. employer taxes)
