Modex OÜ
RegisteredKey figures
Ratios
2025Summary: Modex OÜ
What kind of company is it?
Modex OÜ (registry code 11892852) is a private limited company (OÜ). The company was entered in the Commercial Register in 2010 and has been registered for 16 years. Registered location: Kaasiku küla, Saue vald, Harju maakond. According to the latest annual report, the main activity is construction of residential and non-residential buildings (EMTAK 41001). The company is registered for VAT (VAT number EE102463930).
How is the company doing financially?
Revenue in financial year 2025 was 366 812 €, down 21,7% on the previous year (468 182 €). From 2019 to 2025, revenue grew by an average of 107% per year. Financial year 2025 ended with a loss of 47 154 €. The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 4 employees (6 a year earlier). Revenue per employee was 91 703 €. At the end of financial year 2025, total assets were 122 285 € and equity 65 594 € (53,6% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 107 107 €, down 27,9% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 11 414 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2370 € per month.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is a private individual.
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) was filed on 04.05.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. 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 | 107 107 € | 3 | 11 414 € |
| Q2 2026 | 110 013 € | 4 | 8415 € |
| Q1 2026 | 27 121 € | 4 | 9285 € |
| Q4 2025 | 46 021 € | 3 | 16 654 € |
| Q3 2025 | 148 473 € | 5 | 17 475 € |
| Q2 2025 | 130 155 € | 5 | 16 287 € |
| Q1 2025 | 106 430 € | 5 | 23 218 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 37 790 | 172 683 | 283 253 | 468 182 | 366 812 |
| Net profit | 7051 | 6720 | 38 729 | 109 389 | −47 154 |
| Retained earnings | −8111 | −1060 | 5660 | 803 | 110 192 |
| Total assets | 4341 | 57 136 | 85 076 | 200 304 | 122 285 |
| Total liabilities | 2845 | 48 920 | 38 131 | 87 556 | 56 691 |
| Total equity | 1496 | 8216 | 46 945 | 112 748 | 65 594 |
| Employees | 3 | 2 | 3 | 6 | 4 |
| Average gross salary (monthly) | 358 | 1066 | 1276 | 1463 | 2371 |
| Calculated dividend | 7062 | 0 | 0 | 43 586 | 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 obligationsAll 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 4995 € (2023–2024). Largest grantors: Eesti Töötukassa (4995 €).
Show all aid records (2)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 2095 € | 01.01.2024 |
| Eesti Töötukassa | Palgatoetus VTA | 2900 € | 13.07.2023 |
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 ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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