Armicon OÜ is a OÜ based in Tartu linn, registry code 16120924, status: active. Main activity: Construction of roads and motorways. According to EMTA, turnover for Q3 2026 was €1 339 246 with 8 employees.
Turnover
1 339 246 €
↓ 0.9%vs Q2 2026
State taxes
0 €
↓ 100.0%vs Q2 2026
Labour taxes
36 612 €
↓ 19.2%vs Q2 2026
Employees
8
+2vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Civil engineering · EMTAK 42
Turnover · Q3 20261.3 mn €
above 92% of companies
industry median 52 240 € · companies in the industry: 1 125
Labour taxes per employee4 577 €
above 90% of companies
industry median 1 750 € · companies in the industry: 933
Revenue · 20254.3 mn €
above 98% of companies
industry median 88 960 € · companies in the industry: 1 426
Net profit margin · 20250.8 %
above 34% of companies
industry median 5.0 % · companies in the industry: 1 185
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 339 246 € · −0.9% vs Q2 2026 · industry median 52 240 € · above 92% of the industry
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: 4 577 € · −39.4% vs Q2 2026 · industry median 1 750 € · above 90% of the industry
Company
Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
EmployeesQ3 2026: 8 · +33.3% vs Q2 2026State taxes, € thousand Q3 2026: 0 € · −100.0% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
1 339 246
—
36 612
8
Q2 2026
1 351 918
23 995
45 288
6
Q1 2026
729 597
84 228
40 406
7
Q4 2025
1 779 288
109 616
32 996
7
Q3 2025
1 156 906
—
19 798
6
Q2 2025
612 605
17 651
16 823
4
Q1 2025
795 240
52 574
15 627
3
Q4 2024
722 327
38 539
25 735
3
Q3 2024
681 509
59 508
27 999
3
Q2 2024
445 729
48 400
20 383
4
Q1 2024
580 351
55 098
17 847
3
Q4 2023
807 996
17 584
11 482
3
Q3 2023
641 600
77 692
9 639
3
Q2 2023
329 932
7 983
7 161
3
Q1 2023
216 500
50 962
7 454
3
Q4 2022
251 110
7 671
7 308
3
Q3 2022
1 097 102
86 119
7 056
3
Q2 2022
309 104
23 403
3 222
3
Q1 2022
87 267
2 831
2 569
1
Labour taxes per employee per month
1 526 €
Turnover per employee in the quarter
167 406 €
Q3 2026 · calculated from EMTA data
Financials by year
2020 – 2025
Revenue, € thousand 2025: 4 315 657 € · +94.4% vs 2024 · industry median 88 960 € · above 98% of the industry
Company
Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit, € thousand 2025: 35 616 € · +133.8% vs 2024 · industry median 2 500 € · above 78% of the industry
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: 0.8 % · +0.1 pp vs the year before · industry median 5.0 % · above 34% of the industry
Company
Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Assets, € thousand 2025: 1 389 956 € · +48.0% vs 2024Equity, € thousand 2025: 407 809 € · +9.6% vs 2024Employees2025: 4 · +0.0% vs 2024 · industry median 2 · above 65% of the industry
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
4 315 657
35 616
241 904
1 389 956
407 809
4
2024
2 219 924
15 234
214 818
939 266
372 131
4
2023
2 225 919
68 055
86 961
767 837
356 897
3
2022
1 655 160
51 451
55 333
512 845
291 296
2
2021
799 676
239 845
3 134
460 924
239 845
1
2020
0
0
0
—
—
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
0.8 %
Net profit / revenue
Return on equity (ROE)
8.7 %
Net profit / equity
Return on assets (ROA)
2.6 %
Net profit / assets
Equity ratio
29.3 %
Equity / assets
Debt ratio
70.7 %
Liabilities / assets
Current ratio
1.67
Current assets / current liabilities
Revenue per employee
1 130 914 €
Revenue / average full-time employees
Labour cost per employee per month
5 040 €
Labour costs / employees / 12 months (incl. employer taxes)
