must maja OÜ

Registered
12612790Private limited company (OÜ)Founded 2014

Key figures

151 594 €−37,9%
Revenue 2025
+0,5%
Average annual growth 2019–2025
0100 k200 k300 k2019202020212022202320242025

Ratios

2025

Summary: must maja OÜ

What kind of company is it?

Must maja OÜ (registry code 12612790) is a private limited company (OÜ). The company was entered in the Commercial Register in 2014 and has been registered for 12 years. Registered location: Metsaääre küla, Märjamaa vald, Rapla maakond. According to the latest annual report, the main activity is engineering design and consultancy for construction (EMTAK 71121). The company is registered for VAT (VAT number EE101764656).

How is the company doing financially?

Revenue in financial year 2025 was 151 594 €, down 37,9% on the previous year (244 044 €). From 2019 to 2025, revenue grew by an average of 0,5% per year. Financial year 2025 ended with a loss of 8549 €. The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 2 employees (3 a year earlier). Revenue per employee was 75 797 €. At the end of financial year 2025, total assets were 538 485 € and equity 455 450 € (84,6% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 45 029 €. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 5372 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1740 € 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 (50%) is held by 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 30.05.2026. 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
QuarterRevenueNumber of employeesLabour taxes
Q3 202645 029 €25372 €
Q2 202648 992 €26947 €
Q1 202642 937 €36758 €
Q4 202555 761 €47424 €
Q3 202545 111 €46968 €
Q2 202533 883 €36792 €
Q1 202544 217 €27577 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Dividends

calculated
2025

No dividends were distributed.

History
20250 €
20240 €
202330 831 €
202210 584 €
202125 115 €
20200 €
Summary of financial statements2021–2025
20212022202320242025
Sales revenue175 079208 013170 384244 044151 594
Net profit96 01687 54621 99989 212−8549
Retained earnings208 139293 571350 286372 286461 499
Total assets365 454437 082428 710559 865538 485
Total liabilities58 79953 46553 92595 86783 035
Total equity306 655383 617374 785463 998455 450
Employees22232
Average gross salary (monthly)11741777197012282097
Calculated dividend25 11510 58430 83100

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
Register status
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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50%50%must maja OÜ1Kristi NakkurtTarmo Nakkurt
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

18 records

State aid and de minimis aid in total 9878 € (2019–2026). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (4565 €), SA Keskkonnainvesteeringute Keskus (4217 €), Põllumajanduse Registrite ja Informatsiooni Amet (995 €), Riigi Tugiteenuste Keskus (100 €).

Show all aid records (18)
2026329 €
20254246 €
202477 €
20234880 €
202270 €
202160 €
2020115 €
2019101 €
GrantorPurposeAmountDate
Põllumajanduse Registrite ja Informatsiooni AmetMuu226 €27.03.2026
Riigi Tugiteenuste KeskusMuu100 €06.11.2025
SA Keskkonnainvesteeringute KeskusMetsa uuendamine57 €08.04.2025
SA Keskkonnainvesteeringute KeskusMuu4000 €02.01.2025
Põllumajanduse Registrite ja Informatsiooni AmetKoolitus VTA23 €27.09.2024
Põllumajanduse Registrite ja Informatsiooni AmetKoolitus VTA54 €20.09.2024
Põllumajanduse Registrite ja Informatsiooni AmetKoolitus VTA78 €24.11.2023
Põllumajanduse Registrite ja Informatsiooni AmetKoolitus VTA137 €18.09.2023
Ettevõtluse ja Innovatsiooni SihtasutusInnovatsiooni osak4565 €16.05.2023
SA Keskkonnainvesteeringute KeskusErametsaomanike nõustamine100 €17.03.2023
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine60 €03.04.2020

The total also includes 7 tax reductions worth 478 € (e.g. the excise reduction on marked diesel fuel), not listed separately in the table.

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
YearFiles
2025PDFXBRL
2024DDOC/BDOCPDFXBRL
2023DDOC/BDOCPDFXBRL
2022DDOC/BDOCPDFXBRL
2021DDOC/BDOCPDFXBRL
2020DDOC/BDOCPDFXBRL
2019DDOC/BDOCPDFXBRL

Source: e-Business Register (RIK). Files open/download directly from the official register.

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