Lendurai OÜ

Active Registry code 16918651 OÜ Tallinn Registered 12 Feb 2024
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Lendurai OÜ is a OÜ based in Tallinn, registry code 16918651, status: active. Main activity: Manufacture of instruments and appliances for measuring, testing and navigation. According to EMTA, turnover for Q3 2026 was €49 548 with 24 employees.

Turnover
49 548 €
↓ 13.9% vs Q2 2026
State taxes
199 567 €
↑ 12.3% vs Q2 2026
Labour taxes
217 859 €
↑ 13.3% vs Q2 2026
Employees
24
+2 vs Q2 2026

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

Position in the industry Manufacture of computer, electronic and optical products · EMTAK 26

  • Turnover · Q3 2026 49 548 €
    industry median 104 899 € · companies in the industry: 120
  • Labour taxes per employee 9 077 €
    industry median 3 267 € · companies in the industry: 90
  • Revenue · 2025 113 415 €
    industry median 82 860 € · companies in the industry: 151
  • Net profit margin · 2025 -1 104.5 %
    industry median 3.5 % · companies in the industry: 114

Taxes and turnover

Q1 2024 – Q3 2026
Turnover, € thousand Q3 2026: 49 548 € · −13.9% vs Q2 2026 · industry median 104 899 € · above 45% of the industry
050100150200Q1 2024 Company: 8 199 € Industry median: 89 948 €Q1·24Q2 2024 Company: 50 901 € Industry median: 123 538 €Q3 2024 Company: 176 503 € Industry median: 99 192 €Q3·24Q4 2024 Company: 29 986 € Industry median: 112 051 €Q1 2025 Company: 22 498 € Industry median: 56 023 €Q1·25Q2 2025 Company: 42 782 € Industry median: 105 127 €Q3 2025 Company: 103 717 € Industry median: 78 607 €Q3·25Q4 2025 Company: 151 942 € Industry median: 94 761 €Q1 2026 Company: 50 383 € Industry median: 112 086 €Q1·26Q2 2026 Company: 57 523 € Industry median: 96 231 €Q3 2026 Company: 49 548 € Industry median: 104 899 €Q3·26050100150200Q4 2024 Company: 29 986 € Industry median: 112 051 €Q1 2025 Company: 22 498 € Industry median: 56 023 €Q1·25Q2 2025 Company: 42 782 € Industry median: 105 127 €Q3 2025 Company: 103 717 € Industry median: 78 607 €Q3·25Q4 2025 Company: 151 942 € Industry median: 94 761 €Q1 2026 Company: 50 383 € Industry median: 112 086 €Q1·26Q2 2026 Company: 57 523 € Industry median: 96 231 €Q3 2026 Company: 49 548 € Industry median: 104 899 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of computer, electronic and optical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 9 077 € · +3.8% vs Q2 2026 · industry median 3 267 € · above 95% of the industry
05 00010 00015 000Q1 2024 Company: — Industry median: 2 383 €Q1·24Q2 2024 Company: 3 549 € Industry median: 2 684 €Q3 2024 Company: 7 871 € Industry median: 2 945 €Q3·24Q4 2024 Company: 14 560 € Industry median: 2 928 €Q1 2025 Company: 10 291 € Industry median: 3 202 €Q1·25Q2 2025 Company: 8 906 € Industry median: 3 025 €Q3 2025 Company: 5 096 € Industry median: 3 233 €Q3·25Q4 2025 Company: 7 559 € Industry median: 3 186 €Q1 2026 Company: 7 965 € Industry median: 3 076 €Q1·26Q2 2026 Company: 8 743 € Industry median: 3 159 €Q3 2026 Company: 9 077 € Industry median: 3 267 €Q3·2605 00010 00015 000Q4 2024 Company: 14 560 € Industry median: 2 928 €Q1 2025 Company: 10 291 € Industry median: 3 202 €Q1·25Q2 2025 Company: 8 906 € Industry median: 3 025 €Q3 2025 Company: 5 096 € Industry median: 3 233 €Q3·25Q4 2025 Company: 7 559 € Industry median: 3 186 €Q1 2026 Company: 7 965 € Industry median: 3 076 €Q1·26Q2 2026 Company: 8 743 € Industry median: 3 159 €Q3 2026 Company: 9 077 € Industry median: 3 267 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of computer, electronic and optical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 24 · +9.1% vs Q2 2026
0510152025Q1 2024 Company: —Q1·24Q2 2024 Company: 2Q3 2024 Company: 3Q3·24Q4 2024 Company: 3Q1 2025 Company: 4Q1·25Q2 2025 Company: 7Q3 2025 Company: 16Q3·25Q4 2025 Company: 18Q1 2026 Company: 22Q1·26Q2 2026 Company: 22Q3 2026 Company: 24Q3·260510152025Q4 2024 Company: 3Q1 2025 Company: 4Q1·25Q2 2025 Company: 7Q3 2025 Company: 16Q3·25Q4 2025 Company: 18Q1 2026 Company: 22Q1·26Q2 2026 Company: 22Q3 2026 Company: 24Q3·26
State taxes, € thousand Q3 2026: 199 567 € · +12.3% vs Q2 2026
050100150200Q1 2024 Company: —Q1·24Q2 2024 Company: 12 820 €Q3 2024 Company: 44 307 €Q3·24Q4 2024 Company: 41 164 €Q1 2025 Company: 39 028 €Q1·25Q2 2025 Company: 60 025 €Q3 2025 Company: 76 328 €Q3·25Q4 2025 Company: 126 012 €Q1 2026 Company: 162 604 €Q1·26Q2 2026 Company: 177 692 €Q3 2026 Company: 199 567 €Q3·26050100150200Q4 2024 Company: 41 164 €Q1 2025 Company: 39 028 €Q1·25Q2 2025 Company: 60 025 €Q3 2025 Company: 76 328 €Q3·25Q4 2025 Company: 126 012 €Q1 2026 Company: 162 604 €Q1·26Q2 2026 Company: 177 692 €Q3 2026 Company: 199 567 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 49 548 199 567 217 859 24
Q2 2026 57 523 177 692 192 347 22
Q1 2026 50 383 162 604 175 224 22
Q4 2025 151 942 126 012 136 053 18
Q3 2025 103 717 76 328 81 537 16
Q2 2025 42 782 60 025 62 340 7
Q1 2025 22 498 39 028 41 162 4
Q4 2024 29 986 41 164 43 679 3
Q3 2024 176 503 44 307 23 613 3
Q2 2024 50 901 12 820 7 098 2
Q1 2024 8 199 — — —
Labour taxes per employee per month
3 026 €
Turnover per employee in the quarter
2 065 €

Q3 2026 · calculated from EMTA data

Financials by year

2024 – 2025
Revenue, € thousand 2025: 113 415 € · −20.8% vs 2024 · industry median 82 860 € · above 54% of the industry
0501001502024 Company: 143 153 € Industry median: 52 085 €20242025 Company: 113 415 € Industry median: 82 860 €20250501001502024 Company: 143 153 € Industry median: 52 085 €2025 Company: 113 415 € Industry median: 82 860 €2025
  • Company
  • Industry median

Industry: Manufacture of computer, electronic and optical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -1 252 702 € · −252.1% vs 2024 · industry median 42 € · above 2% of the industry
-1 500-1 000-50005002024 Company: -355 782 € Industry median: 9 €20242025 Company: -1 252 702 € Industry median: 42 €2025-1 500-1 000-50005002024 Company: -355 782 € Industry median: 9 €2025 Company: -1 252 702 € Industry median: 42 €2025
  • Company
  • Industry median

Industry: Manufacture of computer, electronic and optical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -1 104.5 % · −856.0 pp vs the year before · industry median 3.5 % · above 2% of the industry
-1 250-1 000-750-500-25002502024 Company: -248.5 % Industry median: 2.7 %20242025 Company: -1 104.5 % Industry median: 3.5 %2025-1 250-1 000-750-500-25002502024 Company: -248.5 % Industry median: 2.7 %2025 Company: -1 104.5 % Industry median: 3.5 %2025
  • Company
  • Industry median

Industry: Manufacture of computer, electronic and optical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 4 200 623 € · +1 423.4% vs 2024
01 0002 0003 0004 0005 0002024 Company: 275 735 €20242025 Company: 4 200 623 €202501 0002 0003 0004 0005 0002024 Company: 275 735 €2025 Company: 4 200 623 €2025
Equity, € thousand 2025: 3 972 063 € · +1 248.7% vs 2024
-1 00001 0002 0003 0004 0002024 Company: -345 782 €20242025 Company: 3 972 063 €2025-1 00001 0002 0003 0004 0002024 Company: -345 782 €2025 Company: 3 972 063 €2025
Employees 2025: 19 · +171.4% vs 2024 · industry median 5 · above 69% of the industry
051015202024 Company: 7 Industry median: 620242025 Company: 19 Industry median: 52025051015202024 Company: 7 Industry median: 62025 Company: 19 Industry median: 52025
  • Company
  • Industry median

Industry: Manufacture of computer, electronic and optical products (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 113 415 -1 252 702 813 950 4 200 623 3 972 063 19
2024 143 153 -355 782 243 361 275 735 -345 782 7

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
-1 104.5 %
Net profit / revenue
Return on equity (ROE)
-31.5 %
Net profit / equity
Return on assets (ROA)
-29.8 %
Net profit / assets
Equity ratio
94.6 %
Equity / assets
Debt ratio
5.4 %
Liabilities / assets
Current ratio
17.54
Current assets / current liabilities
Revenue per employee
5 969 €
Revenue / average full-time employees
Labour cost per employee per month
3 570 €
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 16 Jun 2026 Company’s own · audited e-Äriregister
2024 12 Feb 2024 – 31 Dec 2024 30 Apr 2025 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

  • Maivel Group OÜ
    Legal person · 12669748 · 6 432 €
  • Lendurai OÜ
    Legal person · 16918651 · 2 635 €
  • HCVC Fund II FPCI
    Legal person · 1 915 €
  • Vsquared Ventures II BmbH & Co. KG
    Legal person · 1 915 €
  • Expeditions Fund II SCSp
    Legal person · 1 277 €
  • Prestonian Solutions OÜ
    Legal person · 16152545 · 500 €
  • DefCAP OÜ
    Legal person · 16952197 · 470 €
  • Lemonade Stand OÜ
    Legal person · 14776371 · 412 €
  • Freedom Fund I, a series of Freedom Fund Venture Capital, LP
    Legal person · 275 €
  • JT Ventures OÜ
    Legal person · 11206242 · 275 €
  • Tansaniit OÜ
    Legal person · 12933760 · 137 €

Owner in

Beneficial owners

  • Mark Kuckian Cowan
    Indirect ownership · since 12 Feb 2024
  • Siim Maivel
    Member of a senior management body (management or supervisory board) · since 12 Feb 2024

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 26511Manufacture of instruments and appliances for measuring, testing and navigation Main

Rulings 6

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50247915 / 5
24 Mar 2026
 Amendment entry In force
24 Mar 2026
 PDF
Ä 50247915 / 4
6 Jun 2025
 Amendment entry In force
6 Jun 2025
 PDF
Ä 50247915 / 3
16 May 2024
 Amendment entry In force
16 May 2024
 PDF
Ä 50247915 / M1
24 Apr 2024
 Refund of the state fee In force
24 Apr 2024
 PDF
Ä 50247915 / 2
26 Mar 2024
 Amendment entry In force
26 Mar 2024
 PDF
Ä 50247915
12 Feb 2024
 First entry In force
12 Feb 2024
 PDF

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