Maiorov Works OÜ

Registered

12343320Private limited company (OÜ)Founded 2012

Key figures

253 896 €−8,5%

Revenue 2025

+24,0%

Average annual growth 2019–2025

Ratios

2025

−31,1%

Profit margin

−25,1%

EBITDA margin

61,9%

Equity ratio

0,8×

Current ratio

−93,3%

Return on equity

1010 €

Average gross salary

Summary: Maiorov Works OÜ

What kind of company is it?

Maiorov Works OÜ (registry code 12343320) 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: Vasalemma alevik, Lääne-Harju vald, Harju maakond. According to the latest annual report, the main activity is installation of communication cables and antennas (EMTAK 43213). The company is registered for VAT (VAT number EE101573371).

How is the company doing financially?

Revenue in financial year 2025 was 253 896 €, down 8,5% on the previous year (277 626 €). From 2019 to 2025, revenue grew by an average of 24,0% per year. Financial year 2025 ended with a loss of 79 019 €. The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 6 employees. Revenue per employee was 42 316 €. At the end of financial year 2025, total assets were 136 837 € and equity 84 728 € (61,9% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 81 848 €, up 2,3% on the same quarter a year earlier. The company had 4 employees in that quarter. Labour taxes paid in the quarter: 5625 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1010 € 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 29.05.2026. 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	81 848 €	4	5625 €
Q2 2026	53 718 €	5	5412 €
Q1 2026	47 125 €	3	6375 €
Q4 2025	62 350 €	6	8147 €
Q3 2025	79 995 €	7	8955 €
Q2 2025	86 597 €	7	7356 €
Q1 2025	59 900 €	5	5449 €

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	2022	2023	2024	2025
Sales revenue	221 908	317 734	389 340	277 626	253 896
Net profit	39 978	39 526	60 423	−30 435	−79 019
Retained earnings	51 755	91 733	131 259	191 682	161 247
Total assets	140 774	178 139	243 207	225 802	136 837
Total liabilities	46 541	44 380	49 025	62 055	52 109
Total equity	94 233	133 759	194 182	163 747	84 728
Employees	4	6	7	6	6
Average gross salary (monthly)	1062	1036	1045	928	991
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 obligationsAll clear

Registered

Business Register

Tax debt

None

Tax and Customs Board list of tax debtors

Enforcement and official notices

None

Official Announcements (Ametlikud Teadaanded)

Consumer disputes

None

Consumer Disputes Committee (TTJA)

Annual report filing

3/3 filed

All on time

Business Register · 2023–2025

Commercial pledges

None

Business Register

Share pledges and disposal bans

None

Business Register

Data from public registers, not a credit rating.

Connections graph

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State aid and grants

1 record

State aid and de minimis aid in total 1250 € (2021). Largest grantors: Eesti Töötukassa (1250 €).

Show all aid records (1)

20211250 €

Grantor	Purpose	Amount	Date
Eesti Töötukassa	Palgatoetus VTA	1250 €	01.01.2021

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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Same activity — Installation of communication cables and antennas