ETENRU

Aktsiaselts ECE European City Estates

RegisteredHarju County
Registry code
11059628
VAT number
EE100940015
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Liivalaia tn 13, 10118
Registered
11.08.2004 · 22 yrs
Activity
Rental and operating of own or leased real estate 68201
Capital
63 900 €
Email
e•••@a•••.comLog in to see
Phone
+372 •• ••••Log in to see
Business Register 08.10.2026
Sales revenue1,4 m €+3%2025 annual report
Profit-176 k €2025 annual report
Employees1Tax Board 2026 Q2
Average gross salary9 622 €estimate, Tax Board 2026 Q2
Labour taxes per quarter14 722 €Tax Board 2026 Q2
Cash115 k €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 08.10.2026
Revenue 12 months1,5 m €-1%Tax Board, last 4 quarters
State taxes 12 months311 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 370 tuh €
405 k360 k362 k346 k325 k431 k335 k370 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
A
Good, low risk
74 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 08.10.2026 · open data
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
RatingA → BBB → A
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 1% vs a year earlier
Email right away on tax debt, bankruptcy or board change
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Data

Board and owners

3 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 2
Andre Luman3 companiesno tax debtPersonal ID ↗21.10.2019
Toomas Luman11 companiesno tax debtPersonal ID ↗29.08.2017
Other persons 1
Nasdaq CSD SE1983 companies138 with tax debt40 bankruptShare register keeperPersonal ID ↗28.09.2017
Beneficial owners 3
Egon Mats7 companiesno tax debtkaudne osalus31.10.2018
Liivi Lumankaudne osalus31.10.2018
Toomas Luman11 companiesno tax debtkaudne osalus29.10.2018

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue19,2%
Labour taxes / revenue4,0%
Revenue per employee per month123 196 €
Gross salary (estimate)9 622 €
Net salary (estimate)7 389 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q2369 588 €▲ 7%14 722 €70 815 €1
2026 Q1335 368 €▼ 7%14 253 €74 048 €—
2025 Q4430 963 €▲ 20%14 253 €96 274 €—
2025 Q3324 852 €▼ 20%14 253 €70 349 €—
2025 Q2345 525 €▼ 1%13 801 €66 004 €—
2025 Q1362 339 €▼ 5%4 525 €56 723 €—
2024 Q4359 957 €▼ 1%0 €46 671 €—
2024 Q3405 423 €▲ 22%0 €40 037 €—
2024 Q2349 048 €▼ 3%0 €59 343 €—
2024 Q1381 812 €▲ 3%0 €46 980 €—
2023 Q4363 562 €▲ 33%0 €24 815 €—
2023 Q3331 216 €▲ 75%0 €36 014 €—
Show full history (18 quarters)
2023 Q2358 096 €▲ 77%0 €37 317 €—
2023 Q1369 741 €▲ 75%0 €39 326 €—
2022 Q4273 963 €0 €38 620 €—
2022 Q3189 352 €0 €21 796 €—
2022 Q2202 380 €0 €19 728 €—
2022 Q1211 233 €0 €32 524 €—

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
Build report

20252024202320222021
Sales revenue1,4 m €▲ 3%1,4 m €▼ 1%1,4 m €▲ 60%888 k €▲ 1%877 k €
Profit-176 k €▼ into loss1,0 m €▲ into profit-524 k €▼ 25×-20 729 €▲ 83%-123 k €
Profit margin-12,2%72,6%-36,9%-2,3%-14,0%
Retained earnings3,4 m €▼ 74%13,3 m €▼ 4%13,8 m €0%13,8 m €▼ 1%14,0 m €
Cash115 k €▲ 412×278 €▼ 96%7 246 €▼ 77%30 972 €▲ 32×964 €
Current assets217 k €▼ 91%2,5 m €▲ 11%2,2 m €▲ 13%2,0 m €▲ 13%1,7 m €
Fixed assets13,2 m €▼ 38%21,4 m €▲ 7%20,0 m €▼ 4%20,7 m €▼ 2%21,0 m €
Assets13,4 m €▼ 44%23,8 m €▲ 7%22,2 m €▼ 2%22,7 m €0%22,8 m €
Current liabilities2,0 m €▲ 237%591 k €▲ 4%570 k €▲ 21%471 k €▲ 4%451 k €
Long-term liabilities8,2 m €▼ 8%8,9 m €▲ 7%8,3 m €▼ 1%8,3 m €▼ 1%8,4 m €
Total liabilities10,1 m €▲ 7%9,5 m €▲ 7%8,8 m €▲ 1%8,8 m €▼ 1%8,9 m €
Equity3,3 m €▼ 77%14,4 m €▲ 8%13,4 m €▼ 4%13,9 m €0%13,9 m €
Labour costs132 k €0 €0 €0 €0 €
Employees10000
Filed24.06.202619.06.202520.06.202430.06.202328.06.2022
ReportPDF ↓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
ActivityEMTAKSales revenueOsa
Rental and operating of own or leased real estate main activity682011 441 857 €100%

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 08.10.2026

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

0

No holdings in other companies

Companies linked via the board

60
AS AlexelaNasdaq CSD SE555,0 m €BBEricsson Eesti AktsiaseltsNasdaq CSD SE416,6 m €AAAS SEB PankNasdaq CSD SE405,8 m €AAAktsiaselts METAPRINTNasdaq CSD SE85,8 m €AAAAS HANZA Mechanics TartuNasdaq CSD SE81,5 m €AAAERGO Insurance SENasdaq CSD SE80,6 m €AAAElke Tallinn ASNasdaq CSD SE62,0 m €AAAaktsiaselts ESTIKO - PLASTARNasdaq CSD SE48,2 m €AAAStockmann AktsiaseltsNasdaq CSD SE42,3 m €AAaktsiaselts PINUSNasdaq CSD SE29,6 m €AAAAktsiaselts BalbiinoNasdaq CSD SE29,5 m €AAAAktsiaselts Magnum VeterinaariaNasdaq CSD SE28,6 m €BBAktsiaselts KROONINGNasdaq CSD SE27,1 m €BInterchemie Werken De Adelaar Eesti aktsiaseltsNasdaq CSD SE25,5 m €BBBSchneider Electric Eesti ASNasdaq CSD SE24,9 m €BAktsiaselts TopautoNasdaq CSD SE21,6 m €AAAktsiaselts Lincona KonsultNasdaq CSD SE19,2 m €AAAAS All Media EestiNasdaq CSD SE17,2 m €AAAktsiaselts PAFERNasdaq CSD SE15,1 m €AAABaltyre Eesti ASNasdaq CSD SE14,8 m €AAAaktsiaselts PristisNasdaq CSD SE13,5 m €AAAAktsiaselts Viru ElektrikaubandusNasdaq CSD SE10,6 m €AAAktsiaselts STANDARDNasdaq CSD SE10,6 m €AAS Eesti LeivatööstusNasdaq CSD SE10,3 m €Aaktsiaselts LTTNasdaq CSD SE10,2 m €AAAMotoral Eesti AktsiaseltsNasdaq CSD SE8,6 m €AAktsiaselts Silmani ElekterNasdaq CSD SE8,0 m €Aaktsiaselts HALS TRADING - TNasdaq CSD SE6,8 m €Aaktsiaselts "Rauameister"Nasdaq CSD SE6,8 m €AAAktsiaselts "Erimell"Nasdaq CSD SE6,4 m €AAAAktsiaselts Taastusravikeskus ViikingNasdaq CSD SE5,8 m €AAAAktsiaselts Loo ElekterNasdaq CSD SE5,5 m €AAAaktsiaselts IKODORNasdaq CSD SE4,9 m €AAAktsiaselts ANTAARESNasdaq CSD SE4,7 m €AACaverion Eesti ASNasdaq CSD SE4,6 m €AAktsiaselts Kiviõli KaubahoovNasdaq CSD SE4,4 m €AAAktsiaselts Metsaküla PiimNasdaq CSD SE3,9 m €AAAaktsiaselts VÕRU VESINasdaq CSD SE3,4 m €AAAaktsiaselts TAUF-AUTONasdaq CSD SE2,9 m €AAAaktsiaselts CISTANasdaq CSD SE2,6 m €AAAPRIMULATOR EESTI AktsiaseltsNasdaq CSD SE2,2 m €AAARTT AktsiaseltsNasdaq CSD SE2,1 m €AAAAS Remedium Kalamaja ApteekNasdaq CSD SE1,7 m €AAaktsiaselts ESTIKONasdaq CSD SE1,6 m €AAAAktsiaselts Ekspress GruppNasdaq CSD SE1,4 m €AALEKON PROPERTY ASNasdaq CSD SE1,2 m €AAAAktsiaselts FotoluksNasdaq CSD SE1,1 m €BBBAktsiaselts LAVEXNasdaq CSD SE692 k €CAktsiaselts Peipsi KalameesNasdaq CSD SE498 k €AAAktsiaselts MihkliNasdaq CSD SE475 k €AAAS Tolaram InvestmentsNasdaq CSD SE380 k €AAAktsiaselts Projekt ENasdaq CSD SE198 k €AAAktsiaselts YearNasdaq CSD SE132 k €CRaisio Eesti AktsiaseltsNasdaq CSD SE120 k €ADeden-Invest AktsiaseltsNasdaq CSD SE51 638 €AKatus ASNasdaq CSD SE13 588 €Aaktsiaselts FaabulaNasdaq CSD SE0 €BBBAktsiaselts TalveaedNasdaq CSD SE · Likvideerimisel0 €CAktsiaselts SpratfilNasdaq CSD SE · Bankrupt0 €CAktsiaselts RoolidNasdaq CSD SE0 €

Sorted by revenue (latest report or 4 quarters).

Top 20 in activity: Rental and operating of own or leased real estate

20

Licences, pledges, domains

No data

History and notices

25
DateTypeContent
14.01.2026EntrySecond, constitutive merger entry (on the acquiring company's register card)
14.01.2026Order to remedy deficienciesSecond, constitutive merger entry (on the acquiring company's register card)
20.10.2025EntryAmendment entry
21.10.2019EntryAmendment entry
10.10.2019Order to remedy deficienciesAmendment entry
09.10.2019Order to remedy deficienciesAmendment entry
13.06.2018Order to remedy deficiencies to correct non-entry dataAmendment entry
17.01.2018EntryAmendment entry
08.11.2017EntryAmendment entry
28.09.2017EntryAmendment entry
29.08.2017EntryAmendment entry
28.08.2017Order to remedy deficienciesAmendment entry
16.09.2016EntryAmendment entry
21.04.2014Order to remedy deficiencies to correct non-entry data
11.01.2010EntryMuutmiskanne ÄS § 525 lg 2 alusel
19.02.2009EntryAmendment entry
12.12.2008EntryAmendment entry
03.12.2008Tegevusalade kustutamine registrikaardiltAmendment entry
28.04.2008EntryAmendment entry
12.09.2005Jaatav kandeotsusAmendment entry
10.05.2005Jaatav kandeotsusSecond, constitutive merger entry (on the acquiring company's register card)
25.02.2005Jaatav kandeotsusAmendment entry
11.08.2004Jaatav kandeotsusFirst entry
02.08.2004Kättetoimetatav puuduste kõrvaldamise määrusFirst entry
09.07.2004Kättetoimetatav puuduste kõrvaldamise määrusFirst entry