Morrubine Lovigulele OÜ
RegisteredKey figures
Ratios
2023Summary: Morrubine Lovigulele OÜ
What kind of company is it?
Morrubine Lovigulele OÜ (registry code 14827105) is a private limited company (OÜ). The company was entered in the Commercial Register in 2019 and has been registered for 7 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is construction of residential and non-residential buildings (EMTAK 41201).
How is the company doing financially?
Revenue in financial year 2023 was 932 905 €, down 42,5% on the previous year (1 623 646 €). From 2019/20 to 2023, revenue declined by an average of 7,7% per year. This is the company's lowest revenue among the published years (2019/20–2023). Net profit for financial year 2023 was 36 701 € (3,9% of revenue). The company was profitable in all 4 published financial years. In financial year 2023 the company had 3 employees. Revenue per employee was 310 968 €. At the end of financial year 2023, total assets were 479 444 € and equity 235 721 € (49,2% of assets). Based on labour costs in the report, the estimated average gross salary was about 1580 € per month.
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q2 2025 was 650 €.
Who runs the company and who owns it?
The sole owner of the company is Fiscalinvest OÜ.
What should you look out for?
2 annual reports have not been filed on time, the latest for financial year 2025.
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 01.07.2024. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q2 2025. 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 |
|---|---|---|---|
| Q2 2025 | 650 € | — | — |
| Q1 2025 | 44 032 € | — | 2681 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2023
| 2019/20 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Sales revenue | 1 185 699 | 1 508 225 | 1 623 646 | 932 905 |
| Net profit | 61 570 | 52 819 | 84 631 | 36 701 |
| Retained earnings | — | 61 570 | 114 389 | 199 020 |
| Total assets | 144 842 | 349 394 | 471 000 | 479 444 |
| Total liabilities | 83 272 | 235 005 | 271 980 | 243 723 |
| Total equity | 61 570 | 114 389 | 199 020 | 235 721 |
| Employees | 3 | 4 | 3 | 3 |
| Average gross salary (monthly) | 3180 | 1429 | 1535 | 1582 |
| Calculated dividend | — | — | 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
2 recordsState aid and de minimis aid in total 9720 € (2020). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (9720 €).
Show all aid records (2)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Innovatsiooni osak | 5760 € | 07.12.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Innovatsiooni osak | 3960 € | 06.02.2020 |
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
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Source: e-Business Register (RIK). Files open/download directly from the official register.