Kitsas OÜ

Active Registry code 16678589 OÜ Tartu linn Registered 17 Feb 2023
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Kitsas OÜ is a OÜ based in Tartu linn, registry code 16678589, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €24 000 with employees.

Turnover
24 000 €
↑ 0.0% vs Q2 2026
State taxes
5 400 €
↓ 5.0% vs Q2 2026
Labour taxes
0 €
Employees
—

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

Position in the industry Real estate activities · EMTAK 68

  • Turnover · Q3 2026 24 000 €
    industry median 15 029 € · companies in the industry: 7 444
  • Revenue · 2025 96 000 €
    industry median 13 620 € · companies in the industry: 30 470
  • Net profit margin · 2025 -5.8 %
    industry median 5.9 % · companies in the industry: 25 042

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 24 000 € · +0.0% vs Q2 2026 · industry median 15 029 € · above 60% of the industry
020 00040 00060 00080 000Q4 2023 Company: 24 000 € Industry median: 14 894 €Q4·23Q1 2024 Company: 24 000 € Industry median: 15 029 €Q2 2024 Company: 24 000 € Industry median: 14 045 €Q2·24Q3 2024 Company: 24 000 € Industry median: 14 441 €Q4 2024 Company: 24 000 € Industry median: 14 605 €Q4·24Q1 2025 Company: 66 000 € Industry median: 14 686 €Q2 2025 Company: 24 000 € Industry median: 14 302 €Q2·25Q3 2025 Company: 24 000 € Industry median: 14 276 €Q4 2025 Company: 24 000 € Industry median: 14 465 €Q4·25Q1 2026 Company: 24 000 € Industry median: 14 753 €Q2 2026 Company: 24 000 € Industry median: 14 601 €Q2·26Q3 2026 Company: 24 000 € Industry median: 15 029 €Q3·26020 00040 00060 00080 000Q4 2024 Company: 24 000 € Industry median: 14 605 €Q1 2025 Company: 66 000 € Industry median: 14 686 €Q1·25Q2 2025 Company: 24 000 € Industry median: 14 302 €Q3 2025 Company: 24 000 € Industry median: 14 276 €Q3·25Q4 2025 Company: 24 000 € Industry median: 14 465 €Q1 2026 Company: 24 000 € Industry median: 14 753 €Q1·26Q2 2026 Company: 24 000 € Industry median: 14 601 €Q3 2026 Company: 24 000 € Industry median: 15 029 €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, € Q3 2026: 5 400 € · −5.0% vs Q2 2026
05 00010 00015 000Q4 2023 Company: 4 640 €Q4·23Q1 2024 Company: 5 090 €Q2 2024 Company: 5 539 €Q2·24Q3 2024 Company: 5 123 €Q4 2024 Company: 5 538 €Q4·24Q1 2025 Company: 14 014 €Q2 2025 Company: 5 668 €Q2·25Q3 2025 Company: 5 560 €Q4 2025 Company: 6 016 €Q4·25Q1 2026 Company: 6 341 €Q2 2026 Company: 5 686 €Q2·26Q3 2026 Company: 5 400 €Q3·2605 00010 00015 000Q4 2024 Company: 5 538 €Q1 2025 Company: 14 014 €Q1·25Q2 2025 Company: 5 668 €Q3 2025 Company: 5 560 €Q3·25Q4 2025 Company: 6 016 €Q1 2026 Company: 6 341 €Q1·26Q2 2026 Company: 5 686 €Q3 2026 Company: 5 400 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 24 000 5 400 — —
Q2 2026 24 000 5 686 — —
Q1 2026 24 000 6 341 — —
Q4 2025 24 000 6 016 — —
Q3 2025 24 000 5 560 — —
Q2 2025 24 000 5 668 — —
Q1 2025 66 000 14 014 — —
Q4 2024 24 000 5 538 — —
Q3 2024 24 000 5 123 — —
Q2 2024 24 000 5 539 — —
Q1 2024 24 000 5 090 — —
Q4 2023 24 000 4 640 — —
Q3 2023 24 000 4 486 — —
Q2 2023 24 000 4 654 — —

Financials by year

2023 – 2025
Revenue, € thousand 2025: 96 000 € · −30.4% vs 2024 · industry median 13 620 € · above 87% of the industry
0501001502023 Company: 82 286 € Industry median: 12 224 €20232024 Company: 138 000 € Industry median: 12 863 €20242025 Company: 96 000 € Industry median: 13 620 €20250501001502023 Company: 82 286 € Industry median: 12 224 €20232024 Company: 138 000 € Industry median: 12 863 €2025 Company: 96 000 € 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: -5 569 € · −120.5% vs 2024 · industry median 283 € · above 10% of the industry
-40 000-20 000020 00040 0002023 Company: -27 070 € Industry median: 154 €20232024 Company: 27 170 € Industry median: 256 €20242025 Company: -5 569 € Industry median: 283 €2025-40 000-20 000020 00040 0002023 Company: -27 070 € Industry median: 154 €20232024 Company: 27 170 € Industry median: 256 €2025 Company: -5 569 € 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: -5.8 % · −25.5 pp vs the year before · industry median 5.9 % · above 18% of the industry
-40-200202023 Company: -32.9 % Industry median: 5.2 %20232024 Company: 19.7 % Industry median: 5.9 %20242025 Company: -5.8 % Industry median: 5.9 %2025-40-200202023 Company: -32.9 % Industry median: 5.2 %20232024 Company: 19.7 % Industry median: 5.9 %2025 Company: -5.8 % 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: 1 219 441 € · −3.4% vs 2024
05001 0001 5002023 Company: 1 272 467 €20232024 Company: 1 262 357 €20242025 Company: 1 219 441 €202505001 0001 5002023 Company: 1 272 467 €20232024 Company: 1 262 357 €2025 Company: 1 219 441 €2025
Equity, € 2025: -2 969 € · −214.2% vs 2024
-30 000-20 000-10 000010 0002023 Company: -24 570 €20232024 Company: 2 600 €20242025 Company: -2 969 €2025-30 000-20 000-10 000010 0002023 Company: -24 570 €20232024 Company: 2 600 €2025 Company: -2 969 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02023 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 96 000 -5 569 0 1 219 441 -2 969 0
2024 138 000 27 170 0 1 262 357 2 600 0
2023 82 286 -27 070 0 1 272 467 -24 570 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
-5.8 %
Net profit / revenue
Return on assets (ROA)
-0.5 %
Net profit / assets
Equity ratio
-0.2 %
Equity / assets
Debt ratio
100.2 %
Liabilities / assets
Current ratio
0.26
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 Sep 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 25 Sep 2025 Company’s own e-Äriregister
2023 17 Feb 2023 – 31 Dec 2023 9 Jul 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

  • Waram OÜ
    Legal person · 14509871 · 2 500 €

Beneficial owners

  • Mait Laidvee
    Member of a senior management body (management or supervisory board) · since 17 Feb 2023
  • Vallot Mangus
    Indirect ownership · since 17 Feb 2023

Founders and other persons

  • Waram OÜ
    Founder · 2 500 € · 16 Feb 2023
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 50222087 / 2
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 50222087
17 Feb 2023
First entry In force
17 Feb 2023
PDF

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