AS Connecto Eesti

Active Registry code 17100148 AS Tallinn Registered 25 Oct 2024
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AS Connecto Eesti is a AS based in Tallinn, registry code 17100148, status: active. Main activity: Construction of utility projects for electricity and telecommunications. According to EMTA, turnover for Q3 2026 was €8 456 686 with 255 employees.

Turnover
8 456 686 €
↑ 11.6% vs Q2 2026
State taxes
1 878 607 €
↑ 12.0% vs Q2 2026
Labour taxes
1 132 843 €
↑ 5.0% vs Q2 2026
Employees
255
−6 vs Q2 2026

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

Position in the industry Civil engineering · EMTAK 42

  • Turnover · Q3 2026 8.5 mn €
    industry median 52 240 € · companies in the industry: 1 125
  • Labour taxes per employee 4 443 €
    industry median 1 750 € · companies in the industry: 933
  • Revenue · 2025 29.3 mn €
    industry median 88 960 € · companies in the industry: 1 426
  • Net profit margin · 2025 2.4 %
    industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 8 456 686 € · +11.6% vs Q2 2026 · industry median 52 240 € · above 98% of the industry
02 0004 0006 0008 00010 000Q4 2023 Company: — Industry median: 57 537 €Q4·23Q1 2024 Company: — Industry median: 30 131 €Q2 2024 Company: — Industry median: 43 636 €Q2·24Q3 2024 Company: — Industry median: 55 552 €Q4 2024 Company: 0 € Industry median: 59 411 €Q4·24Q1 2025 Company: 1 999 193 € Industry median: 34 084 €Q2 2025 Company: 6 700 238 € Industry median: 44 234 €Q2·25Q3 2025 Company: 6 333 249 € Industry median: 54 940 €Q4 2025 Company: 7 755 414 € Industry median: 60 220 €Q4·25Q1 2026 Company: 8 100 721 € Industry median: 36 839 €Q2 2026 Company: 7 578 937 € Industry median: 44 874 €Q2·26Q3 2026 Company: 8 456 686 € Industry median: 52 240 €Q3·2602 0004 0006 0008 00010 000Q4 2024 Company: 0 € Industry median: 59 411 €Q1 2025 Company: 1 999 193 € Industry median: 34 084 €Q1·25Q2 2025 Company: 6 700 238 € Industry median: 44 234 €Q3 2025 Company: 6 333 249 € Industry median: 54 940 €Q3·25Q4 2025 Company: 7 755 414 € Industry median: 60 220 €Q1 2026 Company: 8 100 721 € Industry median: 36 839 €Q1·26Q2 2026 Company: 7 578 937 € Industry median: 44 874 €Q3 2026 Company: 8 456 686 € Industry median: 52 240 €Q3·26
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 4 443 € · +7.4% vs Q2 2026 · industry median 1 750 € · above 90% of the industry
02 0004 0006 000Q4 2023 Company: — Industry median: 1 696 €Q4·23Q1 2024 Company: — Industry median: 1 534 €Q2 2024 Company: — Industry median: 1 448 €Q2·24Q3 2024 Company: — Industry median: 1 657 €Q4 2024 Company: — Industry median: 1 890 €Q4·24Q1 2025 Company: 1 607 € Industry median: 1 717 €Q2 2025 Company: 3 908 € Industry median: 1 538 €Q2·25Q3 2025 Company: 4 376 € Industry median: 1 845 €Q4 2025 Company: 4 256 € Industry median: 2 070 €Q4·25Q1 2026 Company: 5 750 € Industry median: 1 721 €Q2 2026 Company: 4 135 € Industry median: 1 482 €Q2·26Q3 2026 Company: 4 443 € Industry median: 1 750 €Q3·2602 0004 0006 000Q4 2024 Company: — Industry median: 1 890 €Q1 2025 Company: 1 607 € Industry median: 1 717 €Q1·25Q2 2025 Company: 3 908 € Industry median: 1 538 €Q3 2025 Company: 4 376 € Industry median: 1 845 €Q3·25Q4 2025 Company: 4 256 € Industry median: 2 070 €Q1 2026 Company: 5 750 € Industry median: 1 721 €Q1·26Q2 2026 Company: 4 135 € Industry median: 1 482 €Q3 2026 Company: 4 443 € Industry median: 1 750 €Q3·26
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 255 · −2.3% vs Q2 2026
0100200300Q4 2023 Company: 195Q4·23Q1 2024 Company: 196Q2 2024 Company: 199Q2·24Q3 2024 Company: 207Q4 2024 Company: 214Q4·24Q1 2025 Company: 216Q2 2025 Company: 229Q2·25Q3 2025 Company: 230Q4 2025 Company: 239Q4·25Q1 2026 Company: 244Q2 2026 Company: 261Q2·26Q3 2026 Company: 255Q3·260100200300Q4 2024 Company: 214Q1 2025 Company: 216Q1·25Q2 2025 Company: 229Q3 2025 Company: 230Q3·25Q4 2025 Company: 239Q1 2026 Company: 244Q1·26Q2 2026 Company: 261Q3 2026 Company: 255Q3·26
State taxes, € thousand Q3 2026: 1 878 607 € · +12.0% vs Q2 2026
05001 0001 5002 0002 500Q4 2023 Company: —Q4·23Q1 2024 Company: —Q2 2024 Company: —Q2·24Q3 2024 Company: —Q4 2024 Company: —Q4·24Q1 2025 Company: 517 728 €Q2 2025 Company: 1 294 422 €Q2·25Q3 2025 Company: 1 413 449 €Q4 2025 Company: 1 495 261 €Q4·25Q1 2026 Company: 2 151 348 €Q2 2026 Company: 1 676 847 €Q2·26Q3 2026 Company: 1 878 607 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: —Q1 2025 Company: 517 728 €Q1·25Q2 2025 Company: 1 294 422 €Q3 2025 Company: 1 413 449 €Q3·25Q4 2025 Company: 1 495 261 €Q1 2026 Company: 2 151 348 €Q1·26Q2 2026 Company: 1 676 847 €Q3 2026 Company: 1 878 607 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 8 456 686 1 878 607 1 132 843 255
Q2 2026 7 578 937 1 676 847 1 079 199 261
Q1 2026 8 100 721 2 151 348 1 403 065 244
Q4 2025 7 755 414 1 495 261 1 017 161 239
Q3 2025 6 333 249 1 413 449 1 006 581 230
Q2 2025 6 700 238 1 294 422 894 972 229
Q1 2025 1 999 193 517 728 347 038 216
Q4 2024 — — — 214
Q3 2024 — — — 207
Q2 2024 — — — 199
Q1 2024 — — — 196
Q4 2023 — — — 195
Q3 2023 — — — 192
Q2 2023 — — — 187
Q1 2023 — — — 180
Q4 2022 — — — 175
Q3 2022 — — — 174
Q2 2022 — — — 169
Q1 2022 — — — 167
Labour taxes per employee per month
1 481 €
Turnover per employee in the quarter
33 163 €

Q3 2026 · calculated from EMTA data

Financials by year

2024 – 2025
Revenue, € thousand 2025: 29 310 000 € · industry median 88 960 € · above 98% of the industry
010 00020 00030 0002024 Company: 0 € Industry median: 74 590 €20242025 Company: 29 310 000 € Industry median: 88 960 €2025010 00020 00030 0002024 Company: 0 € Industry median: 74 590 €2025 Company: 29 310 000 € Industry median: 88 960 €2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 692 000 € · +2 768 100.0% vs 2024 · industry median 2 500 € · above 98% of the industry
-20002004006008002024 Company: -25 € Industry median: 1 984 €20242025 Company: 692 000 € Industry median: 2 500 €2025-20002004006008002024 Company: -25 € Industry median: 1 984 €2025 Company: 692 000 € Industry median: 2 500 €2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 2.4 % · industry median 5.0 % · above 41% of the industry
0123452024 Company: — Industry median: 4.7 %20242025 Company: 2.4 % Industry median: 5.0 %20250123452024 Company: — Industry median: 4.7 %2025 Company: 2.4 % Industry median: 5.0 %2025
  • Company
  • Industry median

Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 11 236 000 € · +22 842.3% vs 2024
02 5005 0007 50010 00012 5002024 Company: 48 975 €20242025 Company: 11 236 000 €202502 5005 0007 50010 00012 5002024 Company: 48 975 €2025 Company: 11 236 000 €2025
Equity, € thousand 2025: 2 439 000 € · +24 351.1% vs 2024
05001 0001 5002 0002 5002024 Company: 9 975 €20242025 Company: 2 439 000 €202505001 0001 5002 0002 5002024 Company: 9 975 €2025 Company: 2 439 000 €2025
Employees 2025: 229 · industry median 2 · above 98% of the industry
0501001502002502024 Company: 0 Industry median: 220242025 Company: 229 Industry median: 220250501001502002502024 Company: 0 Industry median: 22025 Company: 229 Industry median: 22025
  • Company
  • Industry median

Industry: Civil engineering (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 29 310 000 692 000 10 271 000 11 236 000 2 439 000 229
2024 0 -25 0 48 975 9 975 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
2.4 %
Net profit / revenue
Return on equity (ROE)
28.4 %
Net profit / equity
Return on assets (ROA)
6.2 %
Net profit / assets
Equity ratio
21.7 %
Equity / assets
Debt ratio
78.3 %
Liabilities / assets
Current ratio
1.09
Current assets / current liabilities
Revenue per employee
127 991 €
Revenue / average full-time employees
Labour cost per employee per month
3 738 €
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 30 Jun 2026 Company’s own · audited e-Äriregister
2024 25 Oct 2024 – 31 Dec 2024 4 Jul 2025 Company’s own e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 18 Jul 2025
  • Jaanus Tiisvend
    Board member · since 14 Jan 2025
  • Janek Sulev
    Board member · since 9 Sep 2025

Right of representation

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

Owners

No owner information.

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 42221Construction of utility projects for electricity and telecommunications Main
Rulings
Number, date Title Deadline State Document
Ä 50267441 / 11
9 Sep 2025
Amendment entry In force
9 Sep 2025
PDF
Ä 50267441 / 10
14 Aug 2025
Amendment entry In force
14 Aug 2025
PDF
Ä 50267441 / 9
22 Jul 2025
Amendment entry In force
22 Jul 2025
PDF
Ä 50267441 / 8
18 Jul 2025
Transformation entry In force
18 Jul 2025
PDF
Ä 50267441 / 7
14 Feb 2025
Amendment entry In force
14 Feb 2025
PDF
Ä 50267441 / M7
13 Feb 2025
Procedural ruling 28 Feb 2025 Deficiencies eliminated
13 Feb 2025
PDF
Ä 50267441 / M6
6 Feb 2025
Ruling to eliminate deficiencies 21 Feb 2025 Deficiencies eliminated
12 Feb 2025
PDF
Ä 50267441 / M5
29 Jan 2025
Refund of the state fee In force
29 Jan 2025
PDF
Ä 50267441 / M4
29 Jan 2025
Procedural ruling In force
29 Jan 2025
PDF
Ä 50267441 / M3
28 Jan 2025
Procedural ruling 27 Feb 2025 Deficiencies eliminated
12 Feb 2025
PDF
Ä 50267441 / M2
22 Jan 2025
Ruling to eliminate deficiencies 6 Feb 2025 Deficiencies eliminated
29 Jan 2025
PDF
Ä 50267441 / 6
16 Jan 2025
Third (informative) division entry In force
16 Jan 2025
PDF
Ä 50267441 / 5
16 Jan 2025
First (declaratory) division entry In force
16 Jan 2025
PDF
Ä 50267441 / 4
14 Jan 2025
Amendment entry In force
14 Jan 2025
PDF
Ä 50267441 / M1
2 Jan 2025
Ruling to eliminate deficiencies 18 Jan 2025 Deficiencies eliminated
10 Jan 2025
PDF
Ä 50267441 / 3
20 Dec 2024
Amendment entry In force
20 Dec 2024
PDF
Ä 50267441 / 2
10 Dec 2024
Amendment entry In force
10 Dec 2024
PDF
Ä 50267441
25 Oct 2024
First entry In force
25 Oct 2024
PDF

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