Mustamäe Spa OÜ
RegisteredKey figures
Ratios
2025Summary: Mustamäe Spa OÜ
What kind of company is it?
Mustamäe Spa OÜ (registry code 14490634) 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: Mustamäe linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is amusement and recreation activities n.e.c. (EMTAK 93291). The company is registered for VAT (VAT number EE102071717).
How is the company doing financially?
Revenue in financial year 2025 was 10 967 080 €, up 37,5% on the previous year (7 975 877 €). From 2019 to 2025, revenue grew by an average of 17,4% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 215 344 € (2,0% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 90 employees (69 a year earlier). Revenue per employee was 121 856 €. At the end of financial year 2025, total assets were 12 223 312 € and equity 448 836 € (3,7% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 2 671 350 €, down 0,9% on the same quarter a year earlier. The company had 103 employees in that quarter. Labour taxes paid in the quarter: 228 810 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1470 € per month.
Who runs the company and who owns it?
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by CM Spa OÜ.
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 09.08.2026. 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 | 2 671 350 € | 103 | 228 810 € |
| Q2 2026 | 2 799 892 € | 103 | 240 002 € |
| Q1 2026 | 3 948 914 € | 107 | 253 033 € |
| Q4 2025 | 3 394 641 € | 107 | 236 021 € |
| Q3 2025 | 2 696 154 € | 106 | 207 127 € |
| Q2 2025 | 2 703 707 € | 87 | 220 846 € |
| Q1 2025 | 3 075 762 € | 99 | 175 177 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 4 650 000 € (95% of distributable profit).
Low confidence: in the same year part of the retained earnings moved to reserves or share capital, or a contribution was made — the exact dividend is unclear, the lower estimate is shown.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 3 363 708 | 6 615 080 | 7 229 074 | 7 975 877 | 10 967 080 |
| Net profit | 307 028 | 1 905 975 | 1 457 285 | 1 368 718 | 215 344 |
| Retained earnings | 441 986 | 749 014 | 2 654 989 | 3 512 274 | −119 008 |
| Total assets | 3 322 492 | 4 241 343 | 7 664 063 | 10 534 200 | 12 223 312 |
| Total liabilities | 2 570 978 | 1 583 854 | 3 549 289 | 5 650 708 | 11 774 476 |
| Total equity | 751 514 | 2 657 489 | 4 114 774 | 4 883 492 | 448 836 |
| Employees | 45 | 54 | 58 | 69 | 90 |
| Average gross salary (monthly) | 1073 | 1096 | 1364 | 1386 | 1570 |
| Calculated dividend | 0 | 0 | 0 | 600 000 | 4 650 000 |
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 note1 for information5 clear
Data from public registers, not a credit rating.
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State aid and grants
19 recordsState aid and de minimis aid in total 1 966 020 € (2019–2026). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (1 858 733 €), Eesti Töötukassa (107 287 €), Tallinna Linnakantselei (0 €).
Show all aid records (19)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Protsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29) | 18 938 € | 16.09.2026 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 14 008 € | 14.10.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 197 628 € | 05.07.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 20 000 € | 18.06.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 16 799 € | 22.05.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 752 € | 15.05.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 2383 € | 16.01.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 140 € | 18.11.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 19 995 € | 23.05.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 15 223 € | 06.05.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 2868 € | 21.02.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Investeeringuteks ettenähtud regionaalabi (artikkel 14) | 0 € | 29.03.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 0 € | 29.03.2022 |
| Eesti Töötukassa | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 103 100 € | 12.03.2021 |
| Eesti Töötukassa | Palgatoetus VTA | 1168 € | 01.01.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 50 000 € | 26.05.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.3 "Laenude subsideeritud intressimäärana antav abi" · Soft loan | 1 500 000 € | 18.05.2020 |
| Tallinna Linnakantselei | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 0 € | 01.04.2020 |
| Eesti Töötukassa | Palgatoetus VTA | 3019 € | 23.01.2019 |
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 ↗
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