LET OÜ

Active Registry code 16901946 OÜ Papsaare küla Registered 18 Jan 2024
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LET OÜ is a OÜ based in Papsaare küla, registry code 16901946, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €80 950 with 11 employees.

Turnover
80 950 €
↓ 66.9% vs Q2 2026
State taxes
20 335 €
↓ 25.6% vs Q2 2026
Labour taxes
16 174 €
↑ 37.9% vs Q2 2026
Employees
11
−1 vs Q2 2026

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

Position in the industry Construction of residential and non-residential buildings · EMTAK 41

  • Turnover · Q3 2026 80 950 €
    industry median 25 252 € · companies in the industry: 4 696
  • Labour taxes per employee 1 470 €
    industry median 1 211 € · companies in the industry: 4 133
  • Revenue · 2024 824 871 €
    industry median 37 686 € · companies in the industry: 7 373
  • Net profit margin · 2024 2.8 %
    industry median 2.8 % · companies in the industry: 5 756

Taxes and turnover

Q1 2024 – Q3 2026
Turnover, € thousand Q3 2026: 80 950 € · −66.9% vs Q2 2026 · industry median 25 252 € · above 75% of the industry
0100200300400Q1 2024 Company: 0 € Industry median: 19 618 €Q1·24Q2 2024 Company: 147 061 € Industry median: 21 373 €Q3 2024 Company: 160 980 € Industry median: 26 160 €Q3·24Q4 2024 Company: 382 375 € Industry median: 25 496 €Q1 2025 Company: 196 824 € Industry median: 19 568 €Q1·25Q2 2025 Company: 0 € Industry median: 22 577 €Q3 2025 Company: 0 € Industry median: 25 533 €Q3·25Q4 2025 Company: 0 € Industry median: 25 721 €Q1 2026 Company: 155 989 € Industry median: 20 483 €Q1·26Q2 2026 Company: 244 877 € Industry median: 22 672 €Q3 2026 Company: 80 950 € Industry median: 25 252 €Q3·260100200300400Q4 2024 Company: 382 375 € Industry median: 25 496 €Q1 2025 Company: 196 824 € Industry median: 19 568 €Q1·25Q2 2025 Company: 0 € Industry median: 22 577 €Q3 2025 Company: 0 € Industry median: 25 533 €Q3·25Q4 2025 Company: 0 € Industry median: 25 721 €Q1 2026 Company: 155 989 € Industry median: 20 483 €Q1·26Q2 2026 Company: 244 877 € Industry median: 22 672 €Q3 2026 Company: 80 950 € Industry median: 25 252 €Q3·26
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 1 470 € · +50.4% vs Q2 2026 · industry median 1 211 € · above 62% of the industry
05001 0001 5002 0002 500Q1 2024 Company: — Industry median: 1 097 €Q1·24Q2 2024 Company: 1 599 € Industry median: 1 083 €Q3 2024 Company: 1 094 € Industry median: 1 142 €Q3·24Q4 2024 Company: 1 677 € Industry median: 1 179 €Q1 2025 Company: 2 140 € Industry median: 1 188 €Q1·25Q2 2025 Company: 2 087 € Industry median: 1 149 €Q3 2025 Company: 1 945 € Industry median: 1 208 €Q3·25Q4 2025 Company: 1 332 € Industry median: 1 254 €Q1 2026 Company: 1 124 € Industry median: 1 183 €Q1·26Q2 2026 Company: 978 € Industry median: 1 166 €Q3 2026 Company: 1 470 € Industry median: 1 211 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 677 € Industry median: 1 179 €Q1 2025 Company: 2 140 € Industry median: 1 188 €Q1·25Q2 2025 Company: 2 087 € Industry median: 1 149 €Q3 2025 Company: 1 945 € Industry median: 1 208 €Q3·25Q4 2025 Company: 1 332 € Industry median: 1 254 €Q1 2026 Company: 1 124 € Industry median: 1 183 €Q1·26Q2 2026 Company: 978 € Industry median: 1 166 €Q3 2026 Company: 1 470 € Industry median: 1 211 €Q3·26
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 11 · −8.3% vs Q2 2026
03581013Q1 2024 Company: 5Q1·24Q2 2024 Company: 4Q3 2024 Company: 6Q3·24Q4 2024 Company: 7Q1 2025 Company: 7Q1·25Q2 2025 Company: 6Q3 2025 Company: 5Q3·25Q4 2025 Company: 6Q1 2026 Company: 8Q1·26Q2 2026 Company: 12Q3 2026 Company: 11Q3·2603581013Q4 2024 Company: 7Q1 2025 Company: 7Q1·25Q2 2025 Company: 6Q3 2025 Company: 5Q3·25Q4 2025 Company: 6Q1 2026 Company: 8Q1·26Q2 2026 Company: 12Q3 2026 Company: 11Q3·26
State taxes, € Q3 2026: 20 335 € · −25.6% vs Q2 2026
010 00020 00030 000Q1 2024 Company: —Q1·24Q2 2024 Company: 5 978 €Q3 2024 Company: 6 170 €Q3·24Q4 2024 Company: 11 009 €Q1 2025 Company: 15 163 €Q1·25Q2 2025 Company: 19 371 €Q3 2025 Company: 10 605 €Q3·25Q4 2025 Company: 8 133 €Q1 2026 Company: 13 735 €Q1·26Q2 2026 Company: 27 338 €Q3 2026 Company: 20 335 €Q3·26010 00020 00030 000Q4 2024 Company: 11 009 €Q1 2025 Company: 15 163 €Q1·25Q2 2025 Company: 19 371 €Q3 2025 Company: 10 605 €Q3·25Q4 2025 Company: 8 133 €Q1 2026 Company: 13 735 €Q1·26Q2 2026 Company: 27 338 €Q3 2026 Company: 20 335 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 80 950 20 335 16 174 11
Q2 2026 244 877 27 338 11 730 12
Q1 2026 155 989 13 735 8 992 8
Q4 2025 — 8 133 7 994 6
Q3 2025 — 10 605 9 726 5
Q2 2025 — 19 371 12 519 6
Q1 2025 196 824 15 163 14 979 7
Q4 2024 382 375 11 009 11 738 7
Q3 2024 160 980 6 170 6 566 6
Q2 2024 147 061 5 978 6 397 4
Q1 2024 — — — 5
Labour taxes per employee per month
490 €
Turnover per employee in the quarter
7 359 €

Q3 2026 · calculated from EMTA data

Financials by year

2024 – 2024
Revenue, € thousand 2024: 824 871 € · industry median 37 686 € · above 93% of the industry
02004006008001 0002024 Company: 824 871 € Industry median: 37 686 €202402004006008001 0002024 Company: 824 871 € Industry median: 37 686 €2024
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2024: 23 365 € · industry median 107 € · above 86% of the industry
05 00010 00015 00020 00025 0002024 Company: 23 365 € Industry median: 107 €202405 00010 00015 00020 00025 0002024 Company: 23 365 € Industry median: 107 €2024
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2024: 2.8 % · industry median 2.8 % · above 50% of the industry
01232024 Company: 2.8 % Industry median: 2.8 %202401232024 Company: 2.8 % Industry median: 2.8 %2024
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2024: 132 612 €
0501001502024 Company: 132 612 €20240501001502024 Company: 132 612 €2024
Equity, € 2024: 33 365 €
010 00020 00030 00040 0002024 Company: 33 365 €2024010 00020 00030 00040 0002024 Company: 33 365 €2024
Employees 2024: 4 · industry median 2 · above 75% of the industry
012342024 Company: 4 Industry median: 22024012342024 Company: 4 Industry median: 22024
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (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 824 871 23 365 81 729 132 612 33 365 4

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
2.8 %
Net profit / revenue
Return on equity (ROE)
70.0 %
Net profit / equity
Return on assets (ROA)
17.6 %
Net profit / assets
Equity ratio
25.2 %
Equity / assets
Debt ratio
74.8 %
Liabilities / assets
Current ratio
1.34
Current assets / current liabilities
Revenue per employee
206 218 €
Revenue / average full-time employees
Labour cost per employee per month
1 703 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2024 18 Jan 2024 – 31 Dec 2024 28 Aug 2025 Company’s own e-Äriregister

Board

  • Raul Salu
    Board member · since 18 Jan 2024

Right of representation

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

Owners

  • Raul Salu
    Natural person · 10 000 €

Beneficial owners

  • Raul Salu
    Direct ownership · since 25 Jan 2024

Founders and other persons

  • Raul Salu
    Founder · 10 000 € · 11 Dec 2023
shared board members, owners or beneficial owners

Activities (EMTAK)

  • 41001Construction of residential and non-residential buildings Main
Rulings
Number, date Title Deadline State Document
Ä 50243876
18 Jan 2024
First entry In force
18 Jan 2024
PDF
Ä 50243876 / M1
18 Dec 2023
Ruling to eliminate deficiencies 2 Jan 2024 Deficiencies eliminated
18 Jan 2024
PDF

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