Mustamäe Kinnisvara OÜ

Active Registry code 16501922 OÜ Tallinn Registered 16 May 2022
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Mustamäe Kinnisvara OÜ is a OÜ based in Tallinn, registry code 16501922, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €0 with employees.

Turnover
0 €
State taxes
—
Labour taxes
—
Employees
—

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

Position in the industry Real estate activities · EMTAK 68

  • Revenue · 2025 9 788 €
    industry median 13 620 € · companies in the industry: 30 471
  • Net profit margin · 2025 -5.2 %
    industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 0 € · industry median 15 030 € · above 2% of the industry
010 00020 00030 000Q4 2023 Company: 29 364 € Industry median: 14 897 €Q4·23Q1 2024 Company: 29 364 € Industry median: 15 027 €Q2 2024 Company: 29 364 € Industry median: 14 064 €Q2·24Q3 2024 Company: 29 364 € Industry median: 14 462 €Q4 2024 Company: 29 364 € Industry median: 14 610 €Q4·24Q1 2025 Company: 19 576 € Industry median: 14 672 €Q2 2025 Company: 0 € Industry median: 14 301 €Q2·25Q3 2025 Company: 0 € Industry median: 14 273 €Q4 2025 Company: 0 € Industry median: 14 464 €Q4·25Q1 2026 Company: 0 € Industry median: 14 759 €Q2 2026 Company: 0 € Industry median: 14 595 €Q2·26Q3 2026 Company: 0 € Industry median: 15 030 €Q3·26010 00020 00030 000Q4 2024 Company: 29 364 € Industry median: 14 610 €Q1 2025 Company: 19 576 € Industry median: 14 672 €Q1·25Q2 2025 Company: 0 € Industry median: 14 301 €Q3 2025 Company: 0 € Industry median: 14 273 €Q3·25Q4 2025 Company: 0 € Industry median: 14 464 €Q1 2026 Company: 0 € Industry median: 14 759 €Q1·26Q2 2026 Company: 0 € Industry median: 14 595 €Q3 2026 Company: 0 € 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, € Q1 2026: 1 113 € · +10.0% vs Q4 2025
02 0004 0006 0008 000Q4 2023 Company: 6 486 €Q4·23Q1 2024 Company: 6 264 €Q2 2024 Company: 7 135 €Q2·24Q3 2024 Company: 6 460 €Q4 2024 Company: 7 135 €Q4·24Q1 2025 Company: 5 318 €Q2 2025 Company: —Q2·25Q3 2025 Company: —Q4 2025 Company: 1 012 €Q4·25Q1 2026 Company: 1 113 €Q2 2026 Company: —Q2·26Q3 2026 Company: —Q3·2602 0004 0006 0008 000Q4 2024 Company: 7 135 €Q1 2025 Company: 5 318 €Q1·25Q2 2025 Company: —Q3 2025 Company: —Q3·25Q4 2025 Company: 1 012 €Q1 2026 Company: 1 113 €Q1·26Q2 2026 Company: —Q3 2026 Company: —Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 — — — —
Q2 2026 — — — —
Q1 2026 — 1 113 — —
Q4 2025 — 1 012 — —
Q3 2025 — — — —
Q2 2025 — — — —
Q1 2025 19 576 5 318 — —
Q4 2024 29 364 7 135 — —
Q3 2024 29 364 6 460 — —
Q2 2024 29 364 7 135 — —
Q1 2024 29 364 6 264 — —
Q4 2023 29 364 6 486 — —
Q3 2023 29 364 5 873 — —
Q2 2023 29 364 5 873 — —
Q1 2023 39 152 8 444 — —
Q4 2022 — — — —

Financials by year

2022 – 2025
Revenue, € thousand 2025: 9 788 € · −91.7% vs 2024 · industry median 13 620 € · above 43% of the industry
02550751001252022 Company: 19 576 € Industry median: 11 789 €20222023 Company: 117 456 € Industry median: 12 224 €20232024 Company: 117 456 € Industry median: 12 853 €20242025 Company: 9 788 € Industry median: 13 620 €202502550751001252022 Company: 19 576 € Industry median: 11 789 €2023 Company: 117 456 € Industry median: 12 224 €20232024 Company: 117 456 € Industry median: 12 853 €2025 Company: 9 788 € 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, € 2025: -505 € · −100.5% vs 2024 · industry median 283 € · above 21% of the industry
-20 000020 00040 00060 00080 000100 0002022 Company: 16 895 € Industry median: 161 €20222023 Company: 93 879 € Industry median: 154 €20232024 Company: 97 738 € Industry median: 256 €20242025 Company: -505 € Industry median: 283 €2025-20 000020 00040 00060 00080 000100 0002022 Company: 16 895 € Industry median: 161 €2023 Company: 93 879 € Industry median: 154 €20232024 Company: 97 738 € Industry median: 256 €2025 Company: -505 € 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: -5.2 % · −88.4 pp vs the year before · industry median 5.9 % · above 19% of the industry
-200204060801002022 Company: 86.3 % Industry median: 5.9 %20222023 Company: 79.9 % Industry median: 5.2 %20232024 Company: 83.2 % Industry median: 5.9 %20242025 Company: -5.2 % Industry median: 5.9 %2025-200204060801002022 Company: 86.3 % Industry median: 5.9 %2023 Company: 79.9 % Industry median: 5.2 %20232024 Company: 83.2 % Industry median: 5.9 %2025 Company: -5.2 % 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: 2 154 982 € · −1.8% vs 2024
05001 0001 5002 0002 5002022 Company: 2 061 804 €20222023 Company: 2 132 077 €20232024 Company: 2 193 691 €20242025 Company: 2 154 982 €202505001 0001 5002 0002 5002022 Company: 2 061 804 €2023 Company: 2 132 077 €20232024 Company: 2 193 691 €2025 Company: 2 154 982 €2025
Equity, € thousand 2025: 1 418 007 € · −0.0% vs 2024
05001 0001 5002022 Company: 1 226 895 €20222023 Company: 1 320 774 €20232024 Company: 1 418 512 €20242025 Company: 1 418 007 €202505001 0001 5002022 Company: 1 226 895 €2023 Company: 1 320 774 €20232024 Company: 1 418 512 €2025 Company: 1 418 007 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02022 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, € Labour costs, € Assets, € Equity, € Employees
2025 9 788 -505 0 2 154 982 1 418 007 0
2024 117 456 97 738 0 2 193 691 1 418 512 0
2023 117 456 93 879 0 2 132 077 1 320 774 0
2022 19 576 16 895 0 2 061 804 1 226 895 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
-5.2 %
Net profit / revenue
Return on equity (ROE)
0.0 %
Net profit / equity
Return on assets (ROA)
0.0 %
Net profit / assets
Equity ratio
65.8 %
Equity / assets
Debt ratio
34.2 %
Liabilities / assets
Current ratio
4.95
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 22 Jul 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 21 Aug 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 5 Aug 2024 Company’s own e-Äriregister
2022 16 May 2022 – 31 Dec 2022 15 Jan 2024 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

  • Kristjan Veges
    Member of a senior management body (management or supervisory board) · since 13 Jun 2023
  • Raiko Lipstok
    Member of a senior management body (management or supervisory board) · since 13 Jun 2023

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 50203102 / M2
19 Jul 2024
Warning of a fine: annual report not filed 18 Aug 2024 Deficiencies eliminated
6 Aug 2024
PDF
Ä 50203102 / M1
21 Dec 2023
Warning of a fine: annual report not filed 20 Jan 2024 Deficiencies eliminated
16 Jan 2024
PDF
Ä 50203102 / 3
4 Nov 2022
Entry made by the register on its own initiative In force
4 Nov 2022
PDF
Ä 50203102 / 2
16 May 2022
Third (informative) division entry In force
16 May 2022
PDF
Ä 50203102
16 May 2022
First (declaratory) division entry (card of the new company) In force
16 May 2022
PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data