Must Ink OÜ

Active Registry code 16552291 OÜ Varangu küla Registered 11 Aug 2022

Must Ink OÜ is a OÜ based in Varangu küla, registry code 16552291, status: active. Main activity: Other education n.e.c.. Its annual report for 2025 shows revenue of €27 015 and 1 employees.

Turnover

—

State taxes

1 089 €

↑ 1.9% vs Q2 2026

Labour taxes

1 157 €

↑ 1.8% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Education · EMTAK 85

Labour taxes per employee 1 157 €

above 48% of companies

industry median 1 198 € · companies in the industry: 2 039
Revenue · 2025 27 015 €

above 82% of companies

industry median 2 265 € · companies in the industry: 7 180
Net profit margin · 2025 0.8 %

above 37% of companies

industry median 6.7 % · companies in the industry: 5 232

Taxes and turnover

Q4 2023 – Q3 2026

Labour taxes per employee, € Q3 2026: 1 157 € · +1.8% vs Q2 2026 · industry median 1 198 € · above 48% of the industry

Company
Industry median

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

Employees Q3 2026: 1 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 1 089 € · +1.9% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	—	1 089	1 157	1
Q2 2026	—	1 069	1 136	1
Q1 2026	—	1 200	1 273	1
Q4 2025	—	1 030	1 094	1
Q3 2025	—	1 030	1 094	1
Q2 2025	—	1 030	1 094	1
Q1 2025	—	988	1 050	1
Q4 2024	—	904	963	1
Q3 2024	—	904	963	1
Q2 2024	—	904	963	1
Q1 2024	—	803	858	1
Q4 2023	—	502	537	1
Q3 2023	—	753	806	1
Q2 2023	—	753	806	1
Q1 2023	—	451	481	1
Q4 2022	—	489	520	1
Q3 2022	—	—	—	1

Labour taxes per employee per month

386 €

Q3 2026 · calculated from EMTA data

Financials by year

2022 – 2025

Revenue, € 2025: 27 015 € · +10.6% vs 2024 · industry median 2 265 € · above 82% of the industry

Company
Industry median

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

Net profit, € 2025: 228 € · +129.0% vs 2024 · industry median 136 € · above 52% of the industry

Company
Industry median

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

Net profit margin, % 2025: 0.8 % · +4.1 pp vs the year before · industry median 6.7 % · above 37% of the industry

Company
Industry median

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

Assets, € 2025: 8 654 € · +18.4% vs 2024

Equity, € 2025: 6 438 € · +3.7% vs 2024

Employees 2025: 1 · +0.0% vs 2024 · industry median 1 · above 5% of the industry

Company
Industry median

Industry: Education (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	27 015	228	14 616	8 654	6 438	1
2024	24 428	-787	13 039	7 307	6 210	1
2023	24 830	2 414	10 985	7 967	6 997	1
2022	9 315	2 083	3 500	5 458	4 583	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

0.8 %

Net profit / revenue

Return on equity (ROE)

3.5 %

Net profit / equity

Return on assets (ROA)

2.6 %

Net profit / assets

Equity ratio

74.4 %

Equity / assets

Debt ratio

25.6 %

Liabilities / assets

Current ratio

3.44

Current assets / current liabilities

Revenue per employee

27 015 €

Revenue / average full-time employees

Labour cost per employee per month

1 218 €

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	28 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	28 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	29 Jun 2024	Company’s own	e-Äriregister
2022	11 Aug 2022 – 31 Dec 2022	30 Jun 2023	Company’s own	e-Äriregister

Board

Kristiina Antonis
Board member · since 11 Aug 2022
Risto Moor
Board member · since 11 Aug 2022

Right of representation

Any member of the management board may represent the private limited company in all transactions.

Owners

Kristiina Antonis
Natural person · 1 250 €

50%
Risto Moor
Natural person · 1 250 €

50%

Beneficial owners

Kristiina Antonis
Direct ownership · since 11 Aug 2022
Risto Moor
Direct ownership · since 11 Aug 2022

Founders and other persons

Kristiina Antonis
Founder · 1 250 € · 11 Aug 2022
Risto Moor
Founder · 1 250 € · 11 Aug 2022

Activities (EMTAK)

85599Other education n.e.c. Main
96999Other personal service activities n.e.c.

Rulings 4

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 50208491 / 4 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 50208491 / 3 10 Oct 2022	Amendment entry	In force 10 Oct 2022	PDF
Ä 50208491 / 2 3 Oct 2022	Amendment entry	In force 3 Oct 2022	PDF
Ä 50208491 11 Aug 2022	First entry	In force 11 Aug 2022	PDF

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