Tallinn City Apartments OÜ
RegisteredKey figures
Ratios
2024Summary: Tallinn City Apartments OÜ
What kind of company is it?
Tallinn City Apartments OÜ (registry code 12413374) is a private limited company (OÜ). The company was entered in the Commercial Register in 2013 and has been registered for 13 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is guest apartments (EMTAK 55204). The company is registered for VAT (VAT number EE101646114).
How is the company doing financially?
Revenue in financial year 2024 was 2 539 163 €, up 15,1% on the previous year (2 205 458 €). From 2019 to 2024, revenue grew by an average of 2,0% per year. This is the company's highest revenue among the published years (2019–2024). Net profit for financial year 2024 was 200 108 € (7,9% of revenue). The company was profitable in 5 of the 6 published financial years. In financial year 2024 the company had 20 employees (19 a year earlier). Revenue per employee was 126 958 €. At the end of financial year 2024, total assets were 4 125 015 € and equity 839 720 € (20,4% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 1 430 575 €, down 7,6% on the same quarter a year earlier. The company had 29 employees in that quarter. Labour taxes paid in the quarter: 66 508 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1510 € per month.
Who runs the company and who owns it?
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (63,6%) is held by a private individual.
What should you look out for?
The annual report for financial year 2025 has not been filed on time.
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 2024) was filed on 18.12.2025. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (894500QNJR5QJMERN721) comes from the GLEIF database. 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 | 1 430 575 € | 29 | 66 508 € |
| Q2 2026 | 688 015 € | 32 | 55 346 € |
| Q1 2026 | 674 296 € | 22 | 35 088 € |
| Q4 2025 | 697 494 € | 23 | 52 431 € |
| Q3 2025 | 1 548 378 € | 23 | 50 269 € |
| Q2 2025 | 686 858 € | 23 | 63 190 € |
| Q1 2025 | 672 697 € | 20 | 25 211 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 176 902 € (22% of distributable profit).
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Sales revenue | 925 704 | 1 156 334 | 1 971 273 | 2 205 458 | 2 539 163 |
| Net profit | −171 835 | 141 770 | 241 879 | 290 745 | 200 108 |
| Retained earnings | 614 841 | 390 874 | 420 976 | 522 819 | 636 662 |
| Total assets | 1 605 110 | 1 610 967 | 1 609 234 | 1 658 574 | 4 125 015 |
| Total liabilities | 1 159 154 | 1 075 373 | 943 429 | 842 060 | 3 285 295 |
| Total equity | 445 956 | 535 594 | 665 805 | 816 514 | 839 720 |
| Employees | 11 | 14 | 18 | 19 | 20 |
| Average gross salary (monthly) | 1381 | 1071 | 1183 | 1319 | 1464 |
| Calculated dividend | 21 505 | 52 132 | 111 668 | 140 036 | 176 902 |
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 issue7 clear
Data from public registers, not a credit rating.
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State aid and grants
9 recordsState aid and de minimis aid in total 393 430 € (2016–2025). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (367 004 €), Eesti Töötukassa (26 426 €).
Show all aid records (9)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 3266 € | 13.06.2025 |
| Eesti Töötukassa | Palgatoetus VTA | 3156 € | 30.06.2021 |
| Eesti Töötukassa | COVID-19 VTA | 19 793 € | 02.02.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" · Interest subsidy | 6000 € | 01.07.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" · Guarantee | 300 000 € | 01.07.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 60 000 € | 15.05.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 0 € | 11.01.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 1004 € | 13.09.2016 |
| Eesti Töötukassa | Palgatoetus VTA | 212 € | 10.06.2016 |
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.