X43 Management Osaühing
RegisteredKey figures
Ratios
2025/26Summary: X43 Management Osaühing
What kind of company is it?
X43 Management Osaühing (registry code 11175850) is a private limited company (OÜ). The company was entered in the Commercial Register in 2005 and has been registered for 21 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is landscape service activities (EMTAK 81301). The company is registered for VAT (VAT number EE101011532).
How is the company doing financially?
Revenue in financial year 2025/26 was 368 135 €, down 24,9% on the previous year (490 276 €). From 2019/20 to 2025/26, revenue declined by an average of 6,1% per year. This is the company's lowest revenue among the published years (2019/20–2025/26). Financial year 2025/26 ended with a loss of 78 360 €. The company was profitable in 4 of the 7 published financial years. In financial year 2025/26 the company had 8 employees (5 a year earlier). Revenue per employee was 46 017 €. At the end of financial year 2025/26, total assets were 327 979 € and equity 73 320 € (22,4% of assets). Based on labour costs in the report, the estimated average gross salary was about 910 € per month.
What do the latest quarters show?
According to the Tax and Customs Board, the company declared no turnover in Q3 2026.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is EstBul Exit Consulting UÜ.
Where does the data come from and how fresh is it?
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025/26) was filed on 30.09.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (894500BFPYN51HWB5F30) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 0 € | — | 306 € |
| Q2 2026 | 38 363 € | — | 12 € |
| Q1 2026 | 14 819 € | — | 3140 € |
| Q4 2025 | 109 101 € | 6 | 1664 € |
| Q3 2025 | 190 289 € | 11 | 13 736 € |
| Q2 2025 | 105 081 € | 10 | 11 474 € |
| Q1 2025 | 133 221 € | 5 | 10 266 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2021–2025
| 2021/22 | 2022/23 | 2023/24 | 2024/25 | 2025/26 | |
|---|---|---|---|---|---|
| Sales revenue | 683 904 | 569 626 | 521 292 | 490 276 | 368 135 |
| Net profit | 28 147 | −89 867 | −88 688 | 18 964 | −78 360 |
| Retained earnings | 277 736 | 305 882 | 215 781 | 127 093 | 146 057 |
| Total assets | 561 534 | 542 308 | 454 284 | 360 194 | 327 979 |
| Total liabilities | 250 028 | 320 670 | 321 568 | 208 514 | 254 659 |
| Total equity | 311 506 | 221 638 | 132 716 | 151 680 | 73 320 |
| Employees | 11 | 5 | 5 | 5 | 8 |
| Average gross salary (monthly) | 943 | 1522 | 1059 | 1546 | 911 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligations1 issue1 note5 clear
Data from public registers, not a credit rating.
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State aid and grants
2 recordsState aid and de minimis aid in total 1568 € (2017–2020). Largest grantors: Põllumajanduse Registrite ja Informatsiooni Amet (1567 €), Tallinna Linnakantselei (1 €).
Show all aid records (2)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Tallinna Linnakantselei | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 1 € | 01.04.2020 |
The total also includes 1 tax reductions worth 1567 € (e.g. the excise reduction on marked diesel fuel), not listed separately in the table.
Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗
Change history
3 changes- 12.10.2026*Annual report 2025 filed
- 12.10.2026*Address changed: Tartu maakond, Tartu linn, Tartu linn, Narva mnt 96-4 · previously: Harju maakond, Tallinn, Lasnamäe linnaosa, Sepise tn 4
- 12.10.2026*Name changed: Osaühing Connelly Group → X43 Management Osaühing
Entered in the register on 07.10.2005.
Source: Business Register change list and open data. * date the change was detected in open data (it happened between this and the previous data update).
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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