TTK Development OÜRegistered
Key figures
Ratios
2024Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 28 125 € | — | — |
| Q2 2026 | 20 400 € | — | 0 € |
| Q1 2026 | 4724 € | — | 0 € |
| Q4 2025 | 5104 € | — | 0 € |
| Q3 2025 | 48 594 € | — | 8532 € |
| Q2 2025 | 625 328 € | 2 | 7631 € |
| Q1 2025 | 493 752 € | 2 | 3317 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 270 | 173 920 | 1 454 203 | 1 467 379 | 375 256 | 563 516 |
| Total non-current assets | 123 000 | 960 000 | 1 390 116 | 6 843 122 | 2 021 227 | 2 436 284 |
| Total assets | 123 270 | 1 133 920 | 2 844 319 | 8 310 501 | 2 396 483 | 2 999 800 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 4900 | 440 | 1 514 012 | 1 444 102 | 250 648 | 210 113 |
| Non-current liabilities | 116 360 | 0 | — | 2 366 898 | 2 119 045 | 2 762 106 |
| Total liabilities | 121 260 | 440 | 1 514 012 | 3 811 000 | 2 369 693 | 2 972 219 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 10 000 | 10 000 |
| Retained earnings of previous periods | −10 917 | −11 525 | 1 119 946 | 1 314 271 | 0 | 4171 |
| Profit for the year | −608 | 1 131 470 | 194 326 | 3 169 195 | 3255 | −125 |
| Reserves and other equity | 11 035 | 11 035 | 13 535 | 13 535 | 13 535 | 13 535 |
| Total equity | 2010 | 1 133 480 | 1 330 307 | 4 499 501 | 26 790 | 27 581 |
| Income statement | ||||||
| Sales revenue | 5625 | 0 | 550 500 | 309 526 | 762 526 | 807 778 |
| Operating profit | −608 | 1 131 882 | 230 316 | 3 634 559 | 370 362 | 554 027 |
| EBITDA | — | — | — | 3 667 857 | 456 881 | 554 027 |
| Profit before income tax | −608 | 1 131 470 | 194 326 | 3 169 195 | 3255 | −125 |
| Profit for the reporting year | −608 | 1 131 470 | 194 326 | 3 169 195 | 3255 | −125 |
| Labour costs | 0 | 3830 | 6826 | 0 | 21 431 | 30 651 |
| Depreciation of non-current assets | — | — | — | 33 298 | 86 519 | 0 |
| Other indicators | ||||||
| Employees | 0 | 1 | 1 | 0 | 1 | 1 |
| Calculated dividend | — | 0 | 0 | 0 | 4 475 966 | 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 issues1 note3 clear
Data from public registers, not a credit rating.
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Summary: TTK Development OÜ
Overview
TTK Development OÜ (registry code 12699407) 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: Räni alevik, Kambja vald, Tartu maakond. According to the latest annual report, the main activity is buying and selling of own real estate (EMTAK 68111). The company is registered for VAT (VAT number EE101732714).
Financial results
Revenue in financial year 2024 was 807 778 €, up 5,9% on the previous year (762 526 €). From 2019 to 2024, revenue grew by an average of 170% per year. This is the company's highest revenue among the published years (2019–2024). Financial year 2024 ended with a loss of 125 €. The company was profitable in 4 of the 6 published financial years. In financial year 2024 the company had 1 employees. Revenue per employee was 807 778 €. At the end of financial year 2024, total assets were 2 999 800 € and equity 27 581 € (0,9% of assets). Based on labour costs in the report, the estimated average gross salary was about 1910 € per month.
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 28 125 €, down 42,1% on the same quarter a year earlier.
Management and owners
The company has one management board member. The sole owner of the company is TK PRIORITY ASSET MANAGEMENT OÜ.
Points to note
The annual report for financial year 2025 has not been filed on time.
Data sources and freshness
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 01.07.2025. 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 (9845006B103ES7BCQB47) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.