Majad Korda OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 71 091 € | 2 | 6140 € |
| Q2 2026 | 45 745 € | 2 | 5945 € |
| Q1 2026 | 66 724 € | 2 | 5521 € |
| Q4 2025 | 68 451 € | 2 | 5653 € |
| Q3 2025 | 88 962 € | 2 | 2817 € |
| Q2 2025 | 140 056 € | 1 | 1976 € |
| Q1 2025 | 64 086 € | 1 | 1555 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 5400 € (14% of distributable profit).
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 79 967 | 19 092 | 21 478 | 36 147 | 13 085 | 43 392 | 35 637 |
| Total non-current assets | 4156 | 53 921 | 7851 | 47 917 | 69 256 | 70 368 | 107 534 |
| Total assets | 84 123 | 73 013 | 29 329 | 84 064 | 82 341 | 113 760 | 143 171 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 16 755 | 13 406 | 26 648 | 81 354 | 50 228 | 35 219 | 29 796 |
| Non-current liabilities | 700 | 0 | 0 | 0 | 0 | 36 796 | 57 860 |
| Total liabilities | 17 455 | 13 406 | 26 648 | 81 354 | 50 228 | 72 015 | 87 656 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 43 695 | 54 167 | 57 107 | 933 | 210 | 29 613 | 33 845 |
| Profit for the year | 20 473 | 2940 | −56 926 | −723 | 29 403 | 9632 | 19 170 |
| Total equity | 66 668 | 59 607 | 2681 | 2710 | 32 113 | 41 745 | 55 515 |
| Income statement | |||||||
| Sales revenue | 188 367 | 74 999 | 80 948 | 153 277 | 111 642 | 109 421 | 315 141 |
| Operating profit | 23 173 | 5596 | −56 709 | −698 | 28 650 | 9690 | 21 696 |
| Profit before income tax | 20 473 | 5149 | −56 926 | −723 | 29 403 | 9632 | 20 693 |
| Profit for the reporting year | 20 473 | 2940 | −56 926 | −723 | 29 403 | 9632 | 19 170 |
| Labour costs | 38 997 | 13 194 | 23 448 | 38 516 | 17 055 | 17 678 | 36 545 |
| Depreciation of non-current assets | — | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 3 | 1 | 2 | 2 | 1 | 1 | 2 |
| Calculated dividend | — | 10 001 | 0 | 0 | 0 | 0 | 5400 |
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
Data from public registers, not a credit rating.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Majad Korda OÜ
Overview
Majad Korda OÜ (registry code 12748867) is a private limited company (OÜ). The company was entered in the Commercial Register in 2014 and has been registered for 11 years. Registered location: Pärnu linn, Pärnu maakond. According to the latest annual report, the main activity is other building completion and finishing (EMTAK 43351). The company is registered for VAT (VAT number EE101763068).
Financial results
Revenue in financial year 2025 was 315 141 €, up 188% on the previous year (109 421 €). From 2019 to 2025, revenue grew by an average of 9,0% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 19 170 € (6,1% of revenue). The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 2 employees (1 a year earlier). Revenue per employee was 157 571 €. At the end of financial year 2025, total assets were 143 171 € and equity 55 515 € (38,8% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 71 091 €, down 20,1% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 6140 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1960 € per month.
Management and owners
The company has one management board member. According to the register, the company has 2 owners. The largest stake (50%) is held by Firmitas OÜ.
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 2025) was filed on 30.06.2026. 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.