Timbifara Massadala OÜ
RegisteredKey figures
Ratios
2023Summary: Timbifara Massadala OÜ
What kind of company is it?
Timbifara Massadala OÜ (registry code 12635005) 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: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is renting and operating of own or leased real estate (EMTAK 68201).
How is the company doing financially?
Revenue in financial year 2023 was 50 632 €, down 75,2% on the previous year (204 223 €). From 2019 to 2023, revenue declined by an average of 39,5% per year. This is the company's lowest revenue among the published years (2019–2023). Net profit for financial year 2023 was 8745 € (17,3% of revenue). The company was profitable in 2 of the 5 published financial years. In financial year 2023 the company had 1 employees (3 a year earlier). Revenue per employee was 50 632 €. Based on labour costs in the report, the estimated average gross salary was about 390 € per month.
Who runs the company and who owns it?
The sole owner of the company is Faktorinvest OÜ.
What should you look out for?
2 annual reports have not been filed on time, the latest for financial year 2025. Equity was negative at the end of financial year 2023 (−40 750 €). Equity is below half of the share capital (2500 €); in this case the Commercial Code requires measures to restore equity.
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 2023) was filed on 08.04.2024. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Summary of financial statements2019–2023
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales revenue | 378 599 | 235 337 | 172 600 | 204 223 | 50 632 |
| Net profit | −39 250 | 2637 | −55 292 | −6285 | 8745 |
| Retained earnings | 46 195 | 6945 | 9582 | −45 710 | −51 995 |
| Total assets | 90 698 | 106 327 | 44 091 | 35 993 | 23 500 |
| Total liabilities | 81 253 | 94 245 | 87 301 | 85 488 | 64 250 |
| Total equity | 9445 | 12 082 | −43 210 | −49 495 | −40 750 |
| Employees | 5 | 4 | 3 | 3 | 1 |
| Average gross salary (monthly) | 605 | 650 | 514 | 614 | 391 |
| Calculated dividend | — | 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 692 € (2017). Largest grantors: Eesti Töötukassa (692 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 692 € | 04.05.2017 |
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.