Arhitekt Must OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 167 664 € | 9 | 19 962 € |
| Q2 2026 | 109 374 € | 4 | 15 613 € |
| Q1 2026 | 97 404 € | 3 | 17 481 € |
| Q4 2025 | 95 961 € | 4 | 24 671 € |
| Q3 2025 | 293 110 € | 5 | 25 908 € |
| Q2 2025 | 115 127 € | 6 | 20 538 € |
| Q1 2025 | 225 077 € | 6 | 17 006 € |
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 | 126 267 | 122 390 | 150 644 | 281 892 | 342 897 | 163 145 | 199 280 |
| Total non-current assets | 8669 | 11 245 | 13 556 | 75 961 | 66 381 | 23 707 | 33 141 |
| Total assets | 134 936 | 133 635 | 164 200 | 357 853 | 409 278 | 186 852 | 232 421 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 91 765 | 83 537 | 124 770 | 148 745 | 161 924 | 111 692 | 158 706 |
| Non-current liabilities | — | — | — | 44 767 | 9581 | 10 090 | 22 218 |
| Total liabilities | 91 765 | 83 537 | 124 770 | 193 512 | 171 505 | 121 782 | 180 924 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 35 734 | 5671 | 47 598 | 20 680 | 161 841 | 235 273 | 62 570 |
| Profit for the year | 4937 | 41 927 | −10 668 | 141 161 | 73 432 | −172 703 | −13 573 |
| Total equity | 43 171 | 50 098 | 39 430 | 164 341 | 237 773 | 65 070 | 51 497 |
| Income statement | |||||||
| Sales revenue | 233 004 | 758 506 | 954 037 | 892 893 | 913 889 | 503 150 | 744 045 |
| Operating profit | 11 289 | 51 976 | −9381 | 147 525 | 79 576 | −168 422 | −6771 |
| EBITDA | 19 400 | 58 644 | −3084 | 160 611 | 103 384 | −147 779 | 14 349 |
| Profit before income tax | 9937 | 50 677 | −10 668 | 145 224 | 73 432 | −172 703 | −13 573 |
| Profit for the reporting year | 4937 | 41 927 | −10 668 | 141 161 | 73 432 | −172 703 | −13 573 |
| Labour costs | 50 797 | 140 634 | 156 234 | 195 509 | 218 740 | 177 271 | 206 713 |
| Depreciation of non-current assets | 8111 | 6668 | 6297 | 13 086 | 23 808 | 20 643 | 21 120 |
| Other indicators | |||||||
| Employees | 3 | 5 | 5 | 6 | 7 | 5 | 5 |
| Calculated dividend | — | 35 000 | 0 | 16 250 | 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
24 contractsPublic contracts won worth 2 075 490 € from 16 contracting authorities (12.01.2024–29.04.2026). Plus 17 framework agreements shared with other suppliers (not included in the total).
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: Arhitekt Must OÜ
Overview
Arhitekt Must OÜ (registry code 12310987) is a private limited company (OÜ). The company was entered in the Commercial Register in 2012 and has been registered for 14 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is architectural activities (EMTAK 71111). The company is registered for VAT (VAT number EE101662509).
Financial results
Revenue in financial year 2025 was 744 045 €, up 47,9% on the previous year (503 150 €). From 2019 to 2025, revenue grew by an average of 21,3% per year. Financial year 2025 ended with a loss of 13 573 €. The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 5 employees. Revenue per employee was 148 809 €. At the end of financial year 2025, total assets were 232 421 € and equity 51 497 € (22,2% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 167 664 €, down 42,8% on the same quarter a year earlier. The company had 9 employees in that quarter. Labour taxes paid in the quarter: 19 962 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1470 € per month.
Management and owners
The management board has 3 members. According to the register, the company has 3 owners. The largest stake (33,4%) is held by 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 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.