Sihtasutus Lutreola

Active Registry code 90015258 SA Tallinn Registered 17 Feb 2021
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Sihtasutus Lutreola is a SA based in Tallinn, registry code 90015258, status: active. Main activity: Research and experimental development on natural sciences and engineering. According to EMTA, turnover for Q3 2026 was €2 784 with 2 employees.

Turnover
2 784 €
↓ 8.0% vs Q2 2026
State taxes
5 507 €
↓ 11.7% vs Q2 2026
Labour taxes
8 699 €
↑ 31.7% vs Q2 2026
Employees
2
−1 vs Q2 2026

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

Position in the industry Scientific research and development · EMTAK 72

  • Turnover · Q3 2026 2 784 €
    industry median 14 442 € · companies in the industry: 318
  • Labour taxes per employee 4 350 €
    industry median 2 218 € · companies in the industry: 234
  • Revenue · 2025 0 €
    industry median 0 € · companies in the industry: 1 073

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 2 784 € · −8.0% vs Q2 2026 · industry median 14 442 € · above 23% of the industry
05 00010 00015 00020 000Q4 2023 Company: 1 516 € Industry median: 15 375 €Q4·23Q1 2024 Company: 5 033 € Industry median: 14 938 €Q2 2024 Company: 1 245 € Industry median: 14 999 €Q2·24Q3 2024 Company: 4 779 € Industry median: 11 985 €Q4 2024 Company: 1 027 € Industry median: 16 752 €Q4·24Q1 2025 Company: 5 622 € Industry median: 15 203 €Q2 2025 Company: 1 279 € Industry median: 14 420 €Q2·25Q3 2025 Company: 12 305 € Industry median: 13 763 €Q4 2025 Company: 9 561 € Industry median: 13 976 €Q4·25Q1 2026 Company: 4 949 € Industry median: 14 268 €Q2 2026 Company: 3 025 € Industry median: 14 545 €Q2·26Q3 2026 Company: 2 784 € Industry median: 14 442 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 1 027 € Industry median: 16 752 €Q1 2025 Company: 5 622 € Industry median: 15 203 €Q1·25Q2 2025 Company: 1 279 € Industry median: 14 420 €Q3 2025 Company: 12 305 € Industry median: 13 763 €Q3·25Q4 2025 Company: 9 561 € Industry median: 13 976 €Q1 2026 Company: 4 949 € Industry median: 14 268 €Q1·26Q2 2026 Company: 3 025 € Industry median: 14 545 €Q3 2026 Company: 2 784 € Industry median: 14 442 €Q3·26
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 4 350 € · +97.6% vs Q2 2026 · industry median 2 218 € · above 74% of the industry
02 0004 0006 0008 000Q4 2023 Company: 2 808 € Industry median: 1 866 €Q4·23Q1 2024 Company: 2 346 € Industry median: 2 040 €Q2 2024 Company: 2 885 € Industry median: 2 008 €Q2·24Q3 2024 Company: 3 144 € Industry median: 1 961 €Q4 2024 Company: 7 065 € Industry median: 1 673 €Q4·24Q1 2025 Company: 1 325 € Industry median: 1 781 €Q2 2025 Company: 2 436 € Industry median: 1 781 €Q2·25Q3 2025 Company: 3 510 € Industry median: 2 044 €Q4 2025 Company: 4 600 € Industry median: 2 069 €Q4·25Q1 2026 Company: 3 431 € Industry median: 2 039 €Q2 2026 Company: 2 202 € Industry median: 1 893 €Q2·26Q3 2026 Company: 4 350 € Industry median: 2 218 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 7 065 € Industry median: 1 673 €Q1 2025 Company: 1 325 € Industry median: 1 781 €Q1·25Q2 2025 Company: 2 436 € Industry median: 1 781 €Q3 2025 Company: 3 510 € Industry median: 2 044 €Q3·25Q4 2025 Company: 4 600 € Industry median: 2 069 €Q1 2026 Company: 3 431 € Industry median: 2 039 €Q1·26Q2 2026 Company: 2 202 € Industry median: 1 893 €Q3 2026 Company: 4 350 € Industry median: 2 218 €Q3·26
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 2 · −33.3% vs Q2 2026
0123Q4 2023 Company: 2Q4·23Q1 2024 Company: 2Q2 2024 Company: 2Q2·24Q3 2024 Company: 3Q4 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: 2Q3·260123Q4 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: 2Q3·26
State taxes, € Q3 2026: 5 507 € · −11.7% vs Q2 2026
02 0004 0006 0008 00010 000Q4 2023 Company: 5 354 €Q4·23Q1 2024 Company: 4 823 €Q2 2024 Company: 5 995 €Q2·24Q3 2024 Company: 8 843 €Q4 2024 Company: 4 952 €Q4·24Q1 2025 Company: 2 952 €Q2 2025 Company: 4 610 €Q2·25Q3 2025 Company: 8 276 €Q4 2025 Company: 7 089 €Q4·25Q1 2026 Company: 7 127 €Q2 2026 Company: 6 238 €Q2·26Q3 2026 Company: 5 507 €Q3·2602 0004 0006 0008 00010 000Q4 2024 Company: 4 952 €Q1 2025 Company: 2 952 €Q1·25Q2 2025 Company: 4 610 €Q3 2025 Company: 8 276 €Q3·25Q4 2025 Company: 7 089 €Q1 2026 Company: 7 127 €Q1·26Q2 2026 Company: 6 238 €Q3 2026 Company: 5 507 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 2 784 5 507 8 699 2
Q2 2026 3 025 6 238 6 605 3
Q1 2026 4 949 7 127 6 862 2
Q4 2025 9 561 7 089 9 200 2
Q3 2025 12 305 8 276 7 019 2
Q2 2025 1 279 4 610 4 872 2
Q1 2025 5 622 2 952 2 649 2
Q4 2024 1 027 4 952 7 065 1
Q3 2024 4 779 8 843 9 433 3
Q2 2024 1 245 5 995 5 769 2
Q1 2024 5 033 4 823 4 691 2
Q4 2023 1 516 5 354 5 616 2
Q3 2023 5 995 8 022 8 322 2
Q2 2023 4 265 7 111 7 663 2
Q1 2023 7 393 919 364 3
Q4 2022 2 767 6 956 7 269 1
Q3 2022 8 304 5 162 5 583 3
Q2 2022 11 000 414 364 2
Q1 2022 20 487 3 871 364 1
Labour taxes per employee per month
1 450 €
Turnover per employee in the quarter
1 392 €

Q3 2026 · calculated from EMTA data

Financials by year

2021 – 2025
Revenue, € 2025: 0 € · industry median 0 € · above 5% of the industry
02550751001252021 Company: 0 € Industry median: 0 €20212022 Company: 0 € Industry median: 103 €20222023 Company: 0 € Industry median: 76 €20232024 Company: 0 € Industry median: 0 €20242025 Company: 0 € Industry median: 0 €202502550751001252021 Company: 0 € Industry median: 0 €20212022 Company: 0 € Industry median: 103 €2023 Company: 0 € Industry median: 76 €20232024 Company: 0 € Industry median: 0 €2025 Company: 0 € Industry median: 0 €2025
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 25 716 € · +148.4% vs 2024 · industry median 0 € · above 90% of the industry
-10 000010 00020 00030 0002021 Company: 8 255 € Industry median: 1 €20212022 Company: 14 094 € Industry median: 0 €20222023 Company: -2 212 € Industry median: 0 €20232024 Company: 10 353 € Industry median: 0 €20242025 Company: 25 716 € Industry median: 0 €2025-10 000010 00020 00030 0002021 Company: 8 255 € Industry median: 1 €20212022 Company: 14 094 € Industry median: 0 €2023 Company: -2 212 € Industry median: 0 €20232024 Company: 10 353 € Industry median: 0 €2025 Company: 25 716 € Industry median: 0 €2025
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 104 949 € · +39.2% vs 2024
02550751001252021 Company: 53 618 €20212022 Company: 67 343 €20222023 Company: 68 642 €20232024 Company: 75 386 €20242025 Company: 104 949 €202502550751001252021 Company: 53 618 €20212022 Company: 67 343 €2023 Company: 68 642 €20232024 Company: 75 386 €2025 Company: 104 949 €2025
Equity, € thousand 2025: 100 882 € · +34.2% vs 2024
02550751001252021 Company: 52 931 €20212022 Company: 67 025 €20222023 Company: 64 813 €20232024 Company: 75 166 €20242025 Company: 100 882 €202502550751001252021 Company: 52 931 €20212022 Company: 67 025 €2023 Company: 64 813 €20232024 Company: 75 166 €2025 Company: 100 882 €2025
Employees 2025: 1 · +0.0% vs 2024 · industry median 1 · above 5% of the industry
0.00.51.01.52.02021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 220222023 Company: 0 Industry median: 120232024 Company: 1 Industry median: 120242025 Company: 1 Industry median: 120250.00.51.01.52.02021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 22023 Company: 0 Industry median: 120232024 Company: 1 Industry median: 12025 Company: 1 Industry median: 12025
  • Company
  • Industry median

Industry: Scientific research and development (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 0 25 716 11 420 104 949 100 882 1
2024 0 10 353 3 533 75 386 75 166 1
2023 0 -2 212 7 432 68 642 64 813 0
2022 0 14 094 32 156 67 343 67 025 0
2021 0 8 255 1 177 53 618 52 931 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
17.9 %
Net profit / revenue
Return on equity (ROE)
25.5 %
Net profit / equity
Return on assets (ROA)
24.5 %
Net profit / assets
Equity ratio
96.1 %
Equity / assets
Debt ratio
3.9 %
Liabilities / assets
Current ratio
25.81
Current assets / current liabilities
Revenue per employee
143 345 €
Revenue / average full-time employees
Labour cost per employee per month
952 €
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 15 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 20 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 26 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 28 Jun 2023 Company’s own · audited e-Äriregister
2021 17 Feb 2021 – 31 Dec 2021 6 Dec 2022 Company’s own · audited e-Äriregister

Board

Right of representation

Any member of the management board may represent the foundation in all transactions.

Owners

No owner information.

Beneficial owners

  • Martin Silts
    Exercises founder’s rights, supervisory or management board member · since 17 Mar 2026
  • Uudo Timm
    Exercises founder’s rights, supervisory or management board member · since 28 May 2025
  • Leana Jalukse
    Exercises founder’s rights, supervisory or management board member · since 4 Aug 2023
  • Rita Annus
    Exercises founder’s rights, supervisory or management board member · since 4 Aug 2023
  • Tiit Maran
    Exercises founder’s rights, supervisory or management board member · since 4 Aug 2023
  • Tõnu Talvi
    Exercises founder’s rights, supervisory or management board member · since 4 Aug 2023

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 72101Research and experimental development on natural sciences and engineering Main
Rulings
Number, date Title Deadline State Document
S 50166991 / 5
27 Jun 2025
Amendment entry In force
27 Jun 2025
PDF
S 50166991 / M5
5 Jun 2025
Ruling to eliminate deficiencies 5 Jul 2025 Deficiencies eliminated
18 Jun 2025
PDF
S 50166991 / 4
1 Feb 2023
Amendment entry In force
1 Feb 2023
PDF
S 50166991 / 3
7 Dec 2021
Amendment entry In force
7 Dec 2021
PDF
S 50166991 / 2
11 Oct 2021
Second (constitutive) merger entry In force
11 Oct 2021
PDF
S 50166991 / M4
5 Oct 2021
Ruling to eliminate deficiencies 19 Oct 2021 Deficiencies eliminated
8 Oct 2021
PDF
S 50166991 / M3
3 Sep 2021
Procedural ruling In force
3 Sep 2021
PDF
S 50166991 / M2
23 Aug 2021
Ruling to eliminate deficiencies 6 Sep 2021 In force
23 Aug 2021
PDF
S 50166991 / M1
11 Aug 2021
Procedural ruling 21 Aug 2021 In force
11 Aug 2021
PDF
S 50166991
17 Feb 2021
First entry In force
17 Feb 2021
PDF

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