Morten Group OÜ
RegisteredKey figures
Ratios
2025Summary: Morten Group OÜ
What kind of company is it?
Morten Group OÜ (registry code 11995084) 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: Pärnu linn, Pärnu maakond. According to the latest annual report, the main activity is installation, repair and maintenance of heating, ventilation and air-conditioning equipment (EMTAK 43221). The company is registered for VAT (VAT number EE101432894).
How is the company doing financially?
Revenue in financial year 2025 was 1 630 746 €, down 3,8% on the previous year (1 694 921 €). From 2019 to 2025, revenue declined by an average of 4,6% per year. This is the company's lowest revenue among the published years (2019–2025). Net profit for financial year 2025 was 42 667 € (2,6% of revenue). The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 13 employees (14 a year earlier). Revenue per employee was 125 442 €. At the end of financial year 2025, total assets were 1 925 487 € and equity 1 115 233 € (57,9% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 382 547 €, up 1888% on the same quarter a year earlier. The company had 5 employees in that quarter. Labour taxes paid in the quarter: 9430 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1280 € per month.
Who runs the company and who owns it?
The management board has 3 members. 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 30.06.2026. 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 | 382 547 € | 5 | 9430 € |
| Q2 2026 | 163 514 € | 5 | 11 675 € |
| Q1 2026 | 412 831 € | 5 | 20 563 € |
| Q4 2025 | 27 803 € | 6 | 21 823 € |
| Q3 2025 | 19 238 € | 6 | 17 013 € |
| Q2 2025 | 105 131 € | 4 | 7402 € |
| Q1 2025 | 70 151 € | 5 | 12 667 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 3190 € (<1% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 3 629 866 | 1 949 080 | 2 181 617 | 1 694 921 | 1 630 746 |
| Net profit | 167 305 | −172 612 | 86 438 | −29 670 | 42 667 |
| Retained earnings | 1 021 738 | 1 189 043 | 1 016 431 | 1 102 869 | 1 070 009 |
| Total assets | 1 773 486 | 1 463 984 | 1 398 117 | 1 555 267 | 1 925 487 |
| Total liabilities | 581 886 | 444 996 | 292 691 | 479 511 | 810 254 |
| Total equity | 1 191 600 | 1 018 988 | 1 105 426 | 1 075 756 | 1 115 233 |
| Employees | 31 | 27 | 27 | 14 | 13 |
| Average gross salary (monthly) | 2276 | 2749 | 2957 | 3900 | 3524 |
| Calculated dividend | 0 | 0 | 0 | 0 | 3190 |
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 note7 clear
Data from public registers, not a credit rating.
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State aid and grants
1 recordState aid and de minimis aid in total 180 € (2017). Largest grantors: Eesti Töötukassa (180 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 180 € | 10.05.2017 |
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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