Pikk 40 Apartments OÜ is a OÜ based in Tartu linn, registry code 16102458, status: active. Main activity: Hotels. According to EMTA, turnover for Q3 2026 was €379 963 with 6 employees.
Turnover
379 963 €
↑ 30.0%vs Q2 2026
State taxes
39 921 €
↑ 17.6%vs Q2 2026
Labour taxes
11 823 €
↑ 38.4%vs Q2 2026
Employees
6
±0vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Accommodation · EMTAK 55
Turnover · Q3 2026379 963 €
above 91% of companies
industry median 14 443 € · companies in the industry: 1 209
Labour taxes per employee1 971 €
above 80% of companies
industry median 1 201 € · companies in the industry: 655
Revenue · 2025893 824 €
above 98% of companies
industry median 12 949 € · companies in the industry: 2 211
Net profit margin · 202510.2 %
above 61% of companies
industry median 3.6 % · companies in the industry: 1 824
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 379 963 € · +30.0% vs Q2 2026 · industry median 14 443 € · above 91% of the industry
Company
Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Labour taxes per employee, € Q3 2026: 1 971 € · +38.4% vs Q2 2026 · industry median 1 201 € · above 80% of the industry
Company
Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
EmployeesQ3 2026: 6 · +0.0% vs Q2 2026State taxes, € Q3 2026: 39 921 € · +17.6% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
379 963
39 921
11 823
6
Q2 2026
292 244
33 945
8 540
6
Q1 2026
183 453
25 348
10 529
5
Q4 2025
211 716
27 490
14 043
7
Q3 2025
331 308
50 461
17 110
7
Q2 2025
225 502
35 418
16 850
8
Q1 2025
187 120
31 624
13 692
9
Q4 2024
241 581
31 441
13 894
8
Q3 2024
353 021
32 717
15 984
6
Q2 2024
235 472
21 535
12 176
6
Q1 2024
17 887
—
11 412
5
Q4 2023
210 823
20 146
7 788
4
Q3 2023
154 495
—
5 943
4
Q2 2023
14 668
—
—
1
Q1 2023
3 963
—
—
—
Q4 2022
—
—
—
—
Q3 2022
152 725
—
—
—
Q2 2022
—
—
—
—
Q1 2022
—
—
—
—
Labour taxes per employee per month
657 €
Turnover per employee in the quarter
63 327 €
Q3 2026 · calculated from EMTA data
Financials by year
2021 – 2025
Revenue, € thousand 2025: 893 824 € · −5.2% vs 2024 · industry median 12 949 € · above 98% of the industry
Company
Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit, € thousand 2025: 91 032 € · +59.7% vs 2024 · industry median 94 € · above 98% of the industry
Company
Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit margin, % 2025: 10.2 % · +4.1 pp vs the year before · industry median 3.6 % · above 61% of the industry
Company
Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Assets, € thousand 2025: 6 322 135 € · −0.0% vs 2024Equity, € thousand 2025: 238 539 € · +61.7% vs 2024Employees2025: 5 · +0.0% vs 2024 · industry median 1 · above 78% of the industry
Company
Industry median
Industry: Accommodation (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
893 824
91 032
153 729
6 322 135
238 539
5
2024
942 935
57 001
141 140
6 323 749
147 507
5
2023
369 249
147 759
57 993
6 387 540
90 506
2
2022
225
-59 873
—
4 675 072
-57 253
0
2021
—
120
—
1 108 521
120
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
10.2 %
Net profit / revenue
Return on equity (ROE)
38.2 %
Net profit / equity
Return on assets (ROA)
1.4 %
Net profit / assets
Equity ratio
3.8 %
Equity / assets
Debt ratio
96.2 %
Liabilities / assets
Current ratio
0.45
Current assets / current liabilities
Revenue per employee
178 765 €
Revenue / average full-time employees
Labour cost per employee per month
2 562 €
Labour costs / employees / 12 months (incl. employer taxes)
