Firstup OÜ

Active Registry code 16870973 OÜ Tallinn Registered 30 Nov 2023

Firstup OÜ is a OÜ based in Tallinn, registry code 16870973, status: active. Main activity: Non-scheduled passenger transport by road. Its annual report for 2024 shows revenue of €19 108 and 1 employees.

Turnover

—

State taxes

13 €

↓ 45.8% vs Q2 2025

Labour taxes

15 €

↓ 44.4% vs Q2 2025

Employees

—

Q3 2025 · data from the Tax and Customs Board (EMTA)

Position in the industry Land transport and transport via pipelines · EMTAK 49

Revenue · 2024 19 108 €

above 38% of companies

industry median 31 666 € · companies in the industry: 6 038
Net profit margin · 2024 7.8 %

above 67% of companies

industry median 2.3 % · companies in the industry: 4 962

Taxes and turnover

Q4 2023 – Q3 2025

Labour taxes per employee, € Q2 2025: 27 € · −15.6% vs Q1 2025 · industry median 1 126 € · above 2% of the industry

Company
Industry median

Industry: Land transport and transport via pipelines (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q2 2025: 1 · +0.0% vs Q1 2025

State taxes, € Q3 2025: 13 € · −45.8% vs Q2 2025

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2025	—	13	15	—
Q2 2025	—	24	27	1
Q1 2025	—	28	32	1
Q4 2024	—	24	27	1
Q3 2024	—	103	116	1
Q2 2024	—	103	116	1
Q1 2024	—	103	116	1
Q4 2023	—	—	—	1

Financials by year

2024 – 2024

Revenue, € 2024: 19 108 € · industry median 31 666 € · above 38% of the industry

Company
Industry median

Industry: Land transport and transport via pipelines (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2024: 1 495 € · industry median 212 € · above 60% of the industry

Company
Industry median

Industry: Land transport and transport via pipelines (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2024: 7.8 % · industry median 2.3 % · above 67% of the industry

Company
Industry median

Industry: Land transport and transport via pipelines (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € 2024: 1 545 €

Equity, € 2024: 1 545 €

Employees 2024: 1 · industry median 1 · above 5% of the industry

Company
Industry median

Industry: Land transport and transport via pipelines (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
2024	19 108	1 495	926	1 545	1 545	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 2024

Net profit margin

7.8 %

Net profit / revenue

Return on equity (ROE)

96.8 %

Net profit / equity

Return on assets (ROA)

96.8 %

Net profit / assets

Equity ratio

100.0 %

Equity / assets

Debt ratio

0.0 %

Liabilities / assets

Revenue per employee

19 108 €

Revenue / average full-time employees

Labour cost per employee per month

77 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2024	30 Nov 2023 – 31 Dec 2024	23 Feb 2025	Company’s own	e-Äriregister

Board

Syed Mohsin Raza Naqvi
Board member · since 30 Nov 2023

Right of representation

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

Owners

Syed Mohsin Raza Naqvi
Natural person · 0 €

100%

Beneficial owners

Syed Mohsin Raza Naqvi
Direct ownership · since 30 Nov 2023

Founders and other persons

Syed Mohsin Raza Naqvi
Founder · 0 € · 29 Nov 2023

Activities (EMTAK)

49321Non-scheduled passenger transport by road Main

Rulings 1

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50242780 30 Nov 2023	First entry		In force 30 Nov 2023	PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data