Tallinn Old Town Hotels OÜ
RegisteredKey figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Summary: Tallinn Old Town Hotels OÜ
What kind of company is it?
Tallinn Old Town Hotels OÜ (registry code 14433621) is a private limited company (OÜ). The company was entered in the Commercial Register in 2018 and has been registered for 8 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is hotels (EMTAK 55101). The company is registered for VAT (VAT number EE102052613).
How is the company doing financially?
Revenue in financial year 2025 was 1 696 490 €, up 15,9% on the previous year (1 464 005 €). From 2019 to 2025, revenue grew by an average of 4,4% per year. This is the company's highest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 92 144 €. The company was profitable in 1 of the 7 published financial years. In financial year 2025 the company had 10 employees. Revenue per employee was 169 649 €.
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 811 015 €, down 1,3% on the same quarter a year earlier. The company had 23 employees in that quarter. Labour taxes paid in the quarter: 35 369 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1080 € per month.
Who runs the company and who owns it?
The management board has 4 members. The sole owner of the company is HESTIA HOTEL GROUP OÜ.
What should you look out for?
Equity was negative at the end of financial year 2025 (−3071 €). 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 2025) was filed on 29.07.2026. 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
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 811 015 € | 23 | 35 369 € |
| Q2 2026 | 429 064 € | 23 | 26 085 € |
| Q1 2026 | 388 193 € | 17 | 20 562 € |
| Q4 2025 | 388 891 € | 12 | 22 397 € |
| Q3 2025 | 822 074 € | 15 | 23 539 € |
| Q2 2025 | 324 230 € | 15 | 17 977 € |
| Q1 2025 | 345 800 € | 14 | 21 136 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 589 394 | 1 472 226 | 1 463 268 | 1 464 005 | 1 696 490 |
| Net profit | −121 163 | 210 771 | −92 567 | −92 643 | −92 144 |
| Retained earnings | −207 825 | −328 988 | −118 217 | −210 784 | −303 427 |
| Total assets | 125 061 | 237 988 | 167 063 | 201 030 | 184 959 |
| Total liabilities | 451 549 | 353 705 | 375 347 | 111 957 | 188 030 |
| Total equity | −326 488 | −115 717 | −208 284 | 89 073 | −3071 |
| Employees | 16 | 10 | 10 | 10 | 10 |
| Average gross salary (monthly) | 843 | 1781 | 2569 | 2580 | 2693 |
| 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 obligations1 note6 clear
Data from public registers, not a credit rating.
Connections graph
Click a node to see its other connections.
State aid and grants
8 recordsState aid and de minimis aid in total 114 052 € (2020–2025). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (93 197 €), Eesti Töötukassa (20 725 €), Tallinna Strateegiakeskus (131 €).
Show all aid records (8)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 16 530 € | 18.02.2025 |
| Eesti Töötukassa | Palgatoetus VTA | 3430 € | 04.02.2025 |
| Eesti Töötukassa | Alaealise töötamise toetus | 2909 € | 21.02.2023 |
| Eesti Töötukassa | Palgatoetus VTA | 951 € | 09.03.2022 |
| Tallinna Strateegiakeskus | Muu turundus VTA | 131 € | 01.06.2021 |
| Eesti Töötukassa | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 13 435 € | 08.03.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 16 667 € | 15.07.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 60 000 € | 18.05.2020 |
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
Loading list of reports…
Source: e-Business Register (RIK). Files open/download directly from the official register.
Related companies
- Premier Restaurants Eesti OÜ43,0 m €
- Baltic Restaurants Estonia AS38,6 m €
- Osaühing TLG HOTELL21,3 m €
- P. DUSSMANN EESTI Osaühing20,2 m €
- HMP Hotellid OÜ18,8 m €