MadEst OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 41 980 € | 3 | 5118 € |
| Q2 2026 | 30 598 € | 4 | 5236 € |
| Q1 2026 | 28 162 € | 4 | 5244 € |
| Q4 2025 | 26 219 € | 4 | 5156 € |
| Q3 2025 | 48 871 € | 4 | 3941 € |
| Q2 2025 | 53 367 € | 3 | 3764 € |
| Q1 2025 | 48 686 € | 3 | 3661 € |
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.
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 14 430 | 17 439 | 7823 | 11 415 | 15 235 | 9266 | 8340 |
| Total non-current assets | 1505 | 2409 | 3343 | 4542 | 3504 | 33 549 | 57 402 |
| Total assets | 15 935 | 19 848 | 11 166 | 15 957 | 18 739 | 42 815 | 65 742 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 3696 | 3103 | 5232 | 6096 | 3496 | 5944 | 12 539 |
| Non-current liabilities | 6272 | 11 432 | 0 | — | 3751 | 29 383 | 43 049 |
| Total liabilities | 9968 | 14 535 | 5232 | 6096 | 7247 | 35 327 | 55 588 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 9856 | −17 581 | −25 018 | −56 445 | −52 518 | −41 009 | −45 011 |
| Profit for the year | −27 459 | −7437 | −31 427 | 3927 | 11 510 | −4003 | 2665 |
| Reserves and other equity | 21 070 | 27 831 | 59 879 | 59 879 | 50 000 | 50 000 | 50 000 |
| Total equity | 5967 | 5313 | 5934 | 9861 | 11 492 | 7488 | 10 154 |
| Income statement | |||||||
| Sales revenue | 69 725 | 88 900 | 99 953 | 154 810 | 147 920 | 92 643 | 176 818 |
| Operating profit | −27 330 | −7334 | −31 350 | 3973 | 11 512 | −3069 | 4378 |
| EBITDA | −26 539 | −6446 | −29 953 | 5271 | 13 136 | 1168 | 13 422 |
| Profit before income tax | −27 459 | −7437 | −31 427 | 3927 | 11 512 | −4003 | 2665 |
| Profit for the reporting year | −27 459 | −7437 | −31 427 | 3927 | 11 510 | −4003 | 2665 |
| Labour costs | 30 867 | 25 700 | 29 914 | 35 915 | 34 075 | 45 774 | 51 447 |
| Depreciation of non-current assets | 791 | 888 | 1397 | 1298 | 1624 | 4237 | 9044 |
| Other indicators | |||||||
| Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Calculated dividend | — | 0 | 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 obligationsAll clear
Data from public registers, not a credit rating.
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Public procurement
1 contractsPublic contracts won worth 41 829 € from 1 contracting authorities (09.04.2025–09.04.2025).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Vasknarva sadama kontorihoone renoveerimine. | Alutaguse Vallavalitsus | 41 829 € | 09.04.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: MadEst OÜ
Overview
MadEst OÜ (registry code 12120073) is a private limited company (OÜ). The company was entered in the Commercial Register in 2011 and has been registered for 15 years. Registered location: Koldamäe küla, Alutaguse vald, Ida-Viru 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 EE101471994).
Financial results
Revenue in financial year 2025 was 176 818 €, up 90,9% on the previous year (92 643 €). From 2019 to 2025, revenue grew by an average of 16,8% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 2665 € (1,5% of revenue). The company was profitable in 3 of the 7 published financial years. In financial year 2025 the company had 3 employees. Revenue per employee was 58 939 €. At the end of financial year 2025, total assets were 65 742 € and equity 10 154 € (15,4% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 41 980 €, down 14,1% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 5118 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1180 € per month.
Management and owners
The company has one management board member. The sole owner of the company is a private individual.
Data sources and freshness
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 18.05.2026. 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.