Meritus Kinnisvara OÜ
RegisteredKey figures
Ratios
2024Summary: Meritus Kinnisvara OÜ
What kind of company is it?
Meritus Kinnisvara OÜ (registry code 12627603) 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: Tartu linn, Tartu 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 EE101703099).
How is the company doing financially?
Revenue in financial year 2024 was 477 601 €, up 187% on the previous year (166 426 €). From 2019 to 2024, revenue grew by an average of 64,4% per year. This is the company's highest revenue among the published years (2019–2024). Net profit for financial year 2024 was 20 582 € (4,3% of revenue). The company was profitable in all 6 published financial years. In financial year 2024 the company had 2 employees. Revenue per employee was 238 801 €. At the end of financial year 2024, total assets were 293 458 € and equity 132 483 € (45,1% of assets). Based on labour costs in the report, the estimated average gross salary was about 940 € 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.
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 14.10.2025. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q2 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 |
|---|---|---|---|
| Q2 2026 | — | 1 | — |
| Q1 2026 | 113 248 € | 1 | 0 € |
| Q4 2025 | 73 797 € | 2 | 1684 € |
| Q3 2025 | 74 109 € | 2 | 1403 € |
| Q2 2025 | 175 902 € | 2 | 2286 € |
| Q1 2025 | 134 108 € | 2 | 2982 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Sales revenue | 67 214 | 56 468 | 131 365 | 166 426 | 477 601 |
| Net profit | 28 911 | 21 568 | 9965 | 3942 | 20 582 |
| Retained earnings | 45 015 | 73 927 | 95 495 | 105 459 | 109 401 |
| Total assets | 84 358 | 106 988 | 130 652 | 190 977 | 293 458 |
| Total liabilities | 7931 | 8993 | 22 692 | 79 076 | 160 975 |
| Total equity | 76 427 | 97 995 | 107 960 | 111 901 | 132 483 |
| Employees | 1 | 2 | 2 | 2 | 2 |
| Average gross salary (monthly) | 540 | 438 | 888 | 835 | 942 |
| 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 obligations2 issues5 clear
Data from public registers, not a credit rating.
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State aid and grants
1 recordState aid and de minimis aid in total 1575 € (2022). Largest grantors: Eesti Töötukassa (1575 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Koolitus VTA | 1575 € | 19.10.2022 |
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.