OÜ City Capital
- Registry code
- 10616191
- VAT number
- EE100662380
- Address
- Harju maakond, Tallinn, Mustamäe linnaosa, Karjavälja tn 10, 12918
- Registered
- 09.12.1999 · 26 yrs
- Activity
- Rental and operating of own or leased real estate 68201
- Additional activities
- Accounting, bookkeeping and auditing activities; tax consultancy, Management of real estate on a fee or contract basis
- Capital
- 2 656 €
- i•••@c•••.eeLog in to see
- Phone
- +372 •• ••••Log in to see
- Website
- www.citycapital.ee
- LEI
- 25490046D4EI3LXEJX34 ISSUED
Business Register 06.10.2026
Sales revenue145 k €-35%2025 annual report
Profit744 k €2025 annual report
Employees4Tax Board 2026 Q2
Average gross salary1 506 €estimate, Tax Board 2026 Q2
Labour taxes per quarter9 218 €Tax Board 2026 Q2
Cash481 k €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 06.10.2026
Revenue 12 months85 965 €-65%Tax Board, last 4 quarters
State taxes 12 months167 k €Tax Board, last 4 quarters
Quick check
- No tax debt
- No enforcement proceedings (12 months)
- No payment orders (12 months)
- No bankruptcy or liquidation
- No sanctions
- Report filed (2025)
- VAT registered
Stability
Email right away on tax debt, bankruptcy or board changeRatingAA → A
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 65% vs a year earlier
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Board and owners
3 persons
| Board 3 | ||
|---|---|---|
| Heiti Elster11 companiesno tax debt | Personal ID ↗ | 07.11.2017 |
| Ivo Elster7 companiesno tax debt | Personal ID ↗ | 11.07.2019 |
| Kalle Elster4 companiesno tax debt | Personal ID ↗ | 09.12.1999 |
| Shareholders 3 | ||
| Kalle Elster | 34,04% 904 € | 01.09.2023 |
| Bunker OÜ | 32,98% 876 € | 01.09.2023 |
| Skyrim OÜ | 32,98% 876 € | 01.09.2023 |
| Beneficial owners 3 | ||
| Heiti Elster11 companiesno tax debtkaudne osalus | 03.09.2018 | |
| Ivo Elster7 companiesno tax debtkaudne osalus | 03.09.2018 | |
| Kalle Elster4 companiesno tax debtdirect holding | 03.09.2018 | |
Business Register open data
Quarterly taxes and revenue
2026 Q2
State taxes / revenue138,7%
Labour taxes / revenue52,9%
Revenue per employee per month1 452 €
Gross salary (estimate)1 506 €
Net salary (estimate)1 287 €
2026 Q2. Wage is estimated from employment taxes.
| Quarter | Revenue | Change y/y | Labour taxes | State taxes | Employees |
|---|---|---|---|---|---|
| 2026 Q2 | 17 424 € | ▼ 61% | 9 218 € | 24 163 € | 4 |
| 2026 Q1 | 17 424 € | ▼ 73% | 9 872 € | 12 831 € | 4 |
| 2025 Q4 | 17 474 € | ▼ 72% | 9 697 € | 115 174 € | 4 |
| 2025 Q3 | 33 643 € | ▼ 54% | 9 714 € | 14 692 € | 4 |
| 2025 Q2 | 44 956 € | ▼ 81% | 9 957 € | 137 841 € | 4 |
| 2025 Q1 | 64 309 € | ▲ 60% | 9 532 € | 28 410 € | 4 |
| 2024 Q4 | 62 597 € | ▲ 61% | 9 957 € | 22 595 € | 4 |
| 2024 Q3 | 73 097 € | ▲ 118% | 10 359 € | 39 670 € | 4 |
| 2024 Q2 | 241 865 € | ▲ 851% | 16 805 € | 66 479 € | 4 |
| 2024 Q1 | 40 279 € | ▲ 48% | 7 862 € | 13 005 € | 4 |
| 2023 Q4 | 38 937 € | ▼ 78% | 7 519 € | 13 861 € | 4 |
| 2023 Q3 | 33 558 € | ▲ 55% | 4 328 € | 8 032 € | 4 |
Show full history (18 quarters)
| 2023 Q2 | 25 426 € | ▲ 3% | 5 557 € | 6 186 € | 3 |
| 2023 Q1 | 27 307 € | ▲ 31% | 3 792 € | 6 061 € | 3 |
| 2022 Q4 | 174 082 € | 4 689 € | 36 365 € | 3 | |
| 2022 Q3 | 21 647 € | 5 084 € | 5 426 € | 3 | |
| 2022 Q2 | 24 704 € | 2 929 € | 5 365 € | 3 | |
| 2022 Q1 | 20 793 € | 3 232 € | 5 109 € | 3 |
Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0
Annual reports
5 yr
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Sales revenue | 145 k € | ▼ 35% | 224 k € | ▲ 72% | 130 k € | ▲ 40% | 92 775 € | ▲ 15% | 80 372 € |
| Profit | 744 k € | ▲ 232% | 224 k € | ▼ 23% | 291 k € | ▲ 41% | 206 k € | ▼ 19% | 255 k € |
| Profit margin | 513,2% | 100,2% | 223,4% | 222,3% | 317,6% | ||||
| Retained earnings | 1,8 m € | ▼ 32% | 2,6 m € | ▼ 10% | 2,9 m € | ▼ 1% | 2,9 m € | ▼ 2% | 3,0 m € |
| Cash | 481 k € | ▲ 645% | 64 577 € | ▲ 30% | 49 676 € | ▲ 8% | 45 948 € | ▼ 49% | 90 205 € |
| Current assets | 537 k € | ▲ 236% | 160 k € | ▼ 17% | 193 k € | ▼ 67% | 593 k € | ▼ 1% | 601 k € |
| Fixed assets | 2,1 m € | ▼ 29% | 2,9 m € | ▼ 12% | 3,3 m € | ▲ 11% | 3,0 m € | ▲ 8% | 2,8 m € |
| Assets | 2,6 m € | ▼ 15% | 3,1 m € | ▼ 12% | 3,5 m € | ▼ 2% | 3,6 m € | ▲ 6% | 3,4 m € |
| Current liabilities | 87 244 € | ▼ 1% | 87 712 € | ▲ 11% | 78 687 € | ▼ 27% | 108 k € | ▲ 198% | 36 241 € |
| Long-term liabilities | 12 767 € | ▼ 92% | 163 k € | ▼ 32% | 239 k € | ▼ 27% | 329 k € | ▲ 262% | 91 052 € |
| Total liabilities | 100 k € | ▼ 60% | 250 k € | ▼ 21% | 318 k € | ▼ 27% | 437 k € | ▲ 243% | 127 k € |
| Equity | 2,5 m € | ▼ 11% | 2,8 m € | ▼ 11% | 3,2 m € | ▲ 2% | 3,1 m € | ▼ 3% | 3,2 m € |
| Labour costs | -92 783 € | ▼ 10% | -84 277 € | ▼ 58% | -53 350 € | ▼ into loss | 29 211 € | ▲ 4% | 28 130 € |
| Employees | 4 | 0% | 4 | 0% | 4 | ▲ 33% | 3 | 0% | 3 |
| Filed | 15.06.2026 | 15.06.2025 | 15.06.2024 | 15.06.2023 | 15.06.2022 | ||||
| Report | PDF ↓ | PDF ↓ | PDF ↓ | PDF ↓ | PDF ↓ |
▲ growth, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0
Revenue by activity
2025
| Activity | EMTAK | Sales revenue | Osa |
|---|---|---|---|
| Rental and operating of own or leased real estate main activity | 68201 | 79 275 € | 55% |
| Accounting, bookkeeping and auditing activities; tax consultancy | 6920 | 60 600 € | 42% |
| Management of real estate on a fee or contract basis | 68329 | 5 064 € | 3% |
2025 annual report, RIK open data
Real estate
e-kinnistusraamat
Loading properties…
Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data
Debts and court cases
clean
No tax debt · Tax Board 06.10.2026
Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.
Enforcement, payment orders and notices
clean
Official Announcements contain no enforcement, payment order or tax authority notices about the company.
Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.
State: transactions, tenders, grants
none
No transactions with state agencies, procurement contracts or grants found
RTK Saldo, Riigihangete register, RTK toetatud projektid
Holdings in other companies
7
| Company | Code | Holding | Since | Revenue |
|---|---|---|---|---|
| OÜ SLG Energy | 11023487 | 26,5% | 16.08.2023 | 4,9 m € |
| Tabasalu Kinnisvara OÜ | 16560592 | 50,0% | 01.09.2023 | 1,0 m € |
| Vahepere Kodu OÜ | 14789698 | 100,0% | 01.09.2023 | 450 k € |
| OÜ Tatari16 | 14847869 | 50,0% | 02.09.2023 | 5 806 € |
| GoForest OÜ | 12711969 | 100,0% | 01.09.2023 | 0 € |
| OÜ Trend Capital | 14751661 | 50,0% | 07.11.2025 | 0 € |
| OÜ Vanamõisa Kodu | 16135305 | 20,31% | 11.03.2024 | 0 € |
Business Register
Companies linked via the board
13
Aktsiaselts ELSTERAIvo Elster, Kalle Elster3,3 m €ATabasalu Kinnisvara OÜHeiti Elster1,0 m €AVahepere Kodu OÜHeiti Elster, Ivo Elster, Kalle Elster450 k €AMTÜ EGSSHeiti Elster72 796 €ASkyrim OÜIvo Elster32 187 €ABunker OÜHeiti Elster27 510 €AMTÜ Team PertinaxIvo Elster25 846 €BBBOÜ Tatari16Heiti Elster, Ivo Elster5 806 €APärnu linn, Papli tn 6a korteriühistuHeiti Elster5 298 €AGoForest OÜHeiti Elster, Ivo Elster, Kalle Elster0 €BBOÜ Trend CapitalHeiti Elster0 €AAOÜ Vanamõisa KoduHeiti Elster0 €BBELAN INVEST OsaühingHeiti Elster0 €
Sorted by revenue (latest report or 4 quarters).
Top 20 in activity: Rental and operating of own or leased real estate
20
| # | Company | Revenue |
|---|---|---|
| 1 | Riigi Kinnisvara Aktsiaselts | 177,2 m € |
| 2 | Kirkcong Property OÜ | 27,8 m € |
| 3 | Ülemiste Center OÜ | 26,2 m € |
| 4 | BLRT Grupp AS | 20,7 m € |
| 5 | TÜC Majad AS | 20,2 m € |
| 6 | ROCCA al MARE KAUBANDUSKESKUSE AKTSIASELTS | 19,6 m € |
| 7 | Öpiku Majad OÜ | 17,9 m € |
| 8 | AS Viru Keskus | 17,1 m € |
| 9 | TKM Kinnisvara AS | 17,0 m € |
| 10 | Kinnisvaravalduse AS | 16,8 m € |
| 11 | Sihtasutus Ida-Viru Investeeringute Agentuur | 14,2 m € |
| 12 | Kaarsilla Kinnisvara OÜ | 13,4 m € |
| 13 | Lõunakeskus OÜ | 13,4 m € |
| 14 | OÜ Raadiku Arendus | 12,8 m € |
| 15 | EfTEN Kristiine OÜ | 12,6 m € |
| 16 | Neutra Capital AS | 10,7 m € |
| 17 | AS Harju Elekter Group | 10,5 m € |
| 18 | aktsiaselts AQUA MARINA | 10,5 m € |
| 19 | Arter Kinnisvara OÜ | 10,4 m € |
| 20 | TTK Kultuurikeskus OÜ | 10,3 m € |
Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity
Domains
1 records
Domains
| Domain | Source |
|---|---|
| citycapital.ee | Business Register |
History and notices
16
| Date | Type | Content |
|---|---|---|
| 01.09.2023 | Entry | Amendment entry |
| 30.07.2019 | Entry | Second, constitutive merger entry (on the acquiring company's register card) |
| 11.07.2019 | Entry | Amendment entry |
| 10.07.2019 | Order to remedy deficiencies | Amendment entry |
| 05.07.2018 | Entry | Amendment entry |
| 17.01.2018 | Entry | Amendment entry |
| 01.12.2017 | Entry | Amendment entry |
| 22.11.2017 | Order to remedy deficiencies | Amendment entry |
| 07.11.2017 | Entry | Amendment entry |
| 27.03.2017 | Entry | Amendment entry |
| 29.02.2016 | Order to remedy deficiencies to correct non-entry data | |
| 13.01.2016 | Entry | Amendment entry |
| 03.12.2008 | Tegevusalade kustutamine registrikaardilt | Amendment entry |
| 27.12.2007 | Entry | Amendment entry |
| 10.05.2006 | Entry | Amendment entry |
| 23.02.2004 | Jaatav kandeotsus | Amendment entry |