AS Airport City

Active Registry code 16698988 AS Tallinn Registered 20 Mar 2023
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AS Airport City is a AS based in Tallinn, registry code 16698988, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €1 388 680 with 3 employees.

Turnover
1 388 680 €
↓ 29.3% vs Q2 2026
State taxes
32 132 €
↓ 86.2% vs Q2 2026
Labour taxes
34 909 €
↓ 25.5% vs Q2 2026
Employees
3
±0 vs Q2 2026

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

Position in the industry Real estate activities · EMTAK 68

  • Turnover · Q3 2026 1.4 mn €
    industry median 15 030 € · companies in the industry: 7 443
  • Labour taxes per employee 11 636 €
    industry median 857 € · companies in the industry: 7 261
  • Revenue · 2025 5.2 mn €
    industry median 13 620 € · companies in the industry: 30 471

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 388 680 € · −29.3% vs Q2 2026 · industry median 15 030 € · above 98% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 273 055 € Industry median: 14 897 €Q4·23Q1 2024 Company: 1 383 054 € Industry median: 15 027 €Q2 2024 Company: 1 262 173 € Industry median: 14 064 €Q2·24Q3 2024 Company: 1 129 722 € Industry median: 14 462 €Q4 2024 Company: 1 201 419 € Industry median: 14 610 €Q4·24Q1 2025 Company: 1 389 294 € Industry median: 14 672 €Q2 2025 Company: 1 297 730 € Industry median: 14 301 €Q2·25Q3 2025 Company: 1 415 272 € Industry median: 14 273 €Q4 2025 Company: 1 869 865 € Industry median: 14 464 €Q4·25Q1 2026 Company: 2 260 829 € Industry median: 14 759 €Q2 2026 Company: 1 965 129 € Industry median: 14 595 €Q2·26Q3 2026 Company: 1 388 680 € Industry median: 15 030 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 201 419 € Industry median: 14 610 €Q1 2025 Company: 1 389 294 € Industry median: 14 672 €Q1·25Q2 2025 Company: 1 297 730 € Industry median: 14 301 €Q3 2025 Company: 1 415 272 € Industry median: 14 273 €Q3·25Q4 2025 Company: 1 869 865 € Industry median: 14 464 €Q1 2026 Company: 2 260 829 € Industry median: 14 759 €Q1·26Q2 2026 Company: 1 965 129 € Industry median: 14 595 €Q3 2026 Company: 1 388 680 € 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.

Labour taxes per employee, € Q3 2026: 11 636 € · −25.5% vs Q2 2026 · industry median 857 € · above 98% of the industry
010 00020 00030 00040 000Q4 2023 Company: 1 638 € Industry median: 671 €Q4·23Q1 2024 Company: 4 791 € Industry median: 694 €Q2 2024 Company: 11 502 € Industry median: 712 €Q2·24Q3 2024 Company: 13 919 € Industry median: 728 €Q4 2024 Company: 37 484 € Industry median: 727 €Q4·24Q1 2025 Company: 9 839 € Industry median: 780 €Q2 2025 Company: 20 794 € Industry median: 771 €Q2·25Q3 2025 Company: 15 712 € Industry median: 812 €Q4 2025 Company: 16 260 € Industry median: 812 €Q4·25Q1 2026 Company: 18 074 € Industry median: 818 €Q2 2026 Company: 15 625 € Industry median: 828 €Q2·26Q3 2026 Company: 11 636 € Industry median: 857 €Q3·26010 00020 00030 00040 000Q4 2024 Company: 37 484 € Industry median: 727 €Q1 2025 Company: 9 839 € Industry median: 780 €Q1·25Q2 2025 Company: 20 794 € Industry median: 771 €Q3 2025 Company: 15 712 € Industry median: 812 €Q3·25Q4 2025 Company: 16 260 € Industry median: 812 €Q1 2026 Company: 18 074 € Industry median: 818 €Q1·26Q2 2026 Company: 15 625 € Industry median: 828 €Q3 2026 Company: 11 636 € Industry median: 857 €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.

Employees Q3 2026: 3 · +0.0% vs Q2 2026
0123Q4 2023 Company: 1Q4·23Q1 2024 Company: 2Q2 2024 Company: 2Q2·24Q3 2024 Company: 2Q4 2024 Company: 1Q4·24Q1 2025 Company: 2Q2 2025 Company: 2Q2·25Q3 2025 Company: 2Q4 2025 Company: 2Q4·25Q1 2026 Company: 2Q2 2026 Company: 3Q2·26Q3 2026 Company: 3Q3·260123Q4 2024 Company: 1Q1 2025 Company: 2Q1·25Q2 2025 Company: 2Q3 2025 Company: 2Q3·25Q4 2025 Company: 2Q1 2026 Company: 2Q1·26Q2 2026 Company: 3Q3 2026 Company: 3Q3·26
State taxes, € thousand Q3 2026: 32 132 € · −86.2% vs Q2 2026
050100150200250Q4 2023 Company: 38 393 €Q4·23Q1 2024 Company: 142 442 €Q2 2024 Company: 180 863 €Q2·24Q3 2024 Company: 26 689 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: 0 €Q2 2025 Company: 0 €Q2·25Q3 2025 Company: 0 €Q4 2025 Company: 0 €Q4·25Q1 2026 Company: 155 619 €Q2 2026 Company: 233 481 €Q2·26Q3 2026 Company: 32 132 €Q3·26050100150200250Q4 2024 Company: 0 €Q1 2025 Company: 0 €Q1·25Q2 2025 Company: 0 €Q3 2025 Company: 0 €Q3·25Q4 2025 Company: 0 €Q1 2026 Company: 155 619 €Q1·26Q2 2026 Company: 233 481 €Q3 2026 Company: 32 132 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 1 388 680 32 132 34 909 3
Q2 2026 1 965 129 233 481 46 875 3
Q1 2026 2 260 829 155 619 36 148 2
Q4 2025 1 869 865 — 32 520 2
Q3 2025 1 415 272 — 31 423 2
Q2 2025 1 297 730 — 41 588 2
Q1 2025 1 389 294 — 19 677 2
Q4 2024 1 201 419 — 37 484 1
Q3 2024 1 129 722 26 689 27 838 2
Q2 2024 1 262 173 180 863 23 004 2
Q1 2024 1 383 054 142 442 9 581 2
Q4 2023 273 055 38 393 1 638 1
Q3 2023 — 1 052 1 092 1
Q2 2023 — — — 1
Q1 2023 — — — 1
Q4 2022 — — — 1
Q3 2022 — — — 1
Q2 2022 — — — 1
Q1 2022 — — — 1
Labour taxes per employee per month
3 879 €
Turnover per employee in the quarter
462 893 €

Q3 2026 · calculated from EMTA data

Financials by year

2023 – 2025
Revenue, € thousand 2025: 5 191 916 € · +4.6% vs 2024 · industry median 13 620 € · above 98% of the industry
02 0004 0006 0002023 Company: 713 138 € Industry median: 12 224 €20232024 Company: 4 963 097 € Industry median: 12 853 €20242025 Company: 5 191 916 € Industry median: 13 620 €202502 0004 0006 0002023 Company: 713 138 € Industry median: 12 224 €20232024 Company: 4 963 097 € Industry median: 12 853 €2025 Company: 5 191 916 € 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, € thousand 2024: 1 311 000 € · +1 088.6% vs 2023 · industry median 256 € · above 98% of the industry
05001 0001 5002023 Company: 110 302 € Industry median: 154 €20232024 Company: 1 311 000 € Industry median: 256 €20242025 Company: — Industry median: 283 €202505001 0001 5002023 Company: 110 302 € Industry median: 154 €20232024 Company: 1 311 000 € Industry median: 256 €2025 Company: — 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, % 2024: 26.4 % · +10.9 pp vs the year before · industry median 5.9 % · above 67% of the industry
01020302023 Company: 15.5 % Industry median: 5.2 %20232024 Company: 26.4 % Industry median: 5.9 %20242025 Company: — Industry median: 5.9 %202501020302023 Company: 15.5 % Industry median: 5.2 %20232024 Company: 26.4 % Industry median: 5.9 %2025 Company: — 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: 81 037 370 € · +35.0% vs 2024
020 00040 00060 00080 000100 0002023 Company: 49 815 222 €20232024 Company: 60 035 000 €20242025 Company: 81 037 370 €2025020 00040 00060 00080 000100 0002023 Company: 49 815 222 €20232024 Company: 60 035 000 €2025 Company: 81 037 370 €2025
Equity, € thousand 2024: 50 739 000 € · +2.7% vs 2023
020 00040 00060 0002023 Company: 49 428 614 €20232024 Company: 50 739 000 €20242025 Company: —2025020 00040 00060 0002023 Company: 49 428 614 €20232024 Company: 50 739 000 €2025 Company: —2025
Employees 2025: 3 · +0.0% vs 2024 · industry median 1 · above 90% of the industry
01232023 Company: 0 Industry median: 120232024 Company: 3 Industry median: 120242025 Company: 3 Industry median: 1202501232023 Company: 0 Industry median: 120232024 Company: 3 Industry median: 12025 Company: 3 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 5 191 916 — — 81 037 370 — 3
2024 4 963 097 1 311 000 290 000 60 035 000 50 739 000 3
2023 713 138 110 302 19 207 49 815 222 49 428 614 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

Revenue per employee
1 730 639 €
Revenue / average full-time employees

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 30 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Company’s own · audited e-Äriregister
2023 20 Mar 2023 – 31 Dec 2023 30 Jun 2024 Company’s own · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 24 Apr 2023
  • Veiko Keerberg
    Board member · since 6 Dec 2024
  • Anneli Viita-Turkin
    Board member · since 17 Jun 2026

Right of representation

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

Owners

No owner information.

Beneficial owners

  • Karin Madisson
    Indirect ownership · since 4 Sep 2026
  • Anneli Viita-Turkin
    Member of a senior management body (management or supervisory board) · since 17 Jun 2026
  • Kaidi Katus
    Member of a senior management body (management or supervisory board) · since 20 Jun 2025
  • Michael Antonius Kerkloh
    Indirect ownership · DEU · since 21 Apr 2025
  • Kuldar Leis
    Right to appoint or remove most of the management · since 4 Apr 2025
  • Veiko Keerberg
    Member of a senior management body (management or supervisory board) · since 14 Mar 2025
  • Andre Küüsvek
    Indirect ownership · since 5 Aug 2024
  • Katrin Hagel
    Indirect ownership · since 5 Aug 2024
  • Tarmo Karotam
    Member of a senior management body (management or supervisory board) · since 5 Aug 2024
  • Anne Samlik
    Indirect ownership · since 4 Apr 2024
  • Andres Aavik
    Member of a senior management body (management or supervisory board) · since 6 Jul 2023
  • Eero Pärgmäe
    Member of a senior management body (management or supervisory board) · since 29 Mar 2023
  • Riivo Tuvike
    Member of a senior management body (management or supervisory board) · since 29 Mar 2023

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 68201Rental and operating of own or leased real estate Main
  • 35141Distribution of electricity

Rulings 9

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50224323 / 8
17 Jun 2026
 Amendment entry In force
17 Jun 2026
 PDF
Ä 50224323 / 7
6 Dec 2024
 Amendment entry In force
6 Dec 2024
 PDF
Ä 50224323 / 6
23 Jan 2024
 Amendment entry In force
23 Jan 2024
 PDF
Ä 50224323 / M1
22 Jan 2024
 Ruling to eliminate deficiencies 21 Feb 2024 Deficiencies eliminated
23 Jan 2024
 PDF
Ä 50224323 / 5
28 Dec 2023
 Amendment entry In force
28 Dec 2023
 PDF
Ä 50224323 / 4
18 Dec 2023
 Amendment entry In force
18 Dec 2023
 PDF
Ä 50224323 / 3
18 Jul 2023
 Amendment entry In force
18 Jul 2023
 PDF
Ä 50224323 / 2
24 Apr 2023
 Amendment entry In force
24 Apr 2023
 PDF
Ä 50224323
20 Mar 2023
 First entry In force
20 Mar 2023
 PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data