ETENRU
RegisteredTartu County
Registry code
11631241
VAT number
EE101299370
Address
Tartu maakond, Tartu linn, Tartu linn, Vanemuise tn 65, 50410
Registered
02.04.2009 · 17 yrs
Activity
Development of building projects 68121
Capital
2 556 €
Email
i•••@v•••.eeLog in to see
Website
www.varafond.ee
LEI
9845000CBA06DB4R0C38 ISSUED
Business Register 06.10.2026
Tax debt over €10,000 and over 90 days
A board member sat on the board of another company that went bankrupt
Annual report 2025 not filed, deadline was 30.06.2026
Sales revenue114 k €-82%2024 annual report
Profit99 121 €2024 annual report
Employees1Tax Board 2026 Q2
Average gross salary23 €estimate, Tax Board 2026 Q2
Labour taxes per quarter35 €Tax Board 2026 Q2
Cash4 164 €Cash 31.12.2024, annual report
Tax debt14 600 €unpaidTax Board 06.10.2026 · details below
State taxes 12 months3 585 €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · days in debt: 11
26.0928.0901.1004.1006.10
Total tax debtsellest ajatatudmax 14 600 €
Details ↓
Turnover by quarter · latest 0 €
075 k1,1 M00000
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
C
Unsatisfactory, very high risk
59 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 06.10.2026 · open data
Quick check
  • Tax debt 14 600 €
  • No enforcement proceedings (12 months)
  • No payment orders (12 months)
  • No bankruptcy or liquidation
  • No sanctions
  • Report filed (2024)
  • VAT registered
Stability
RatingB → C
In tax debt11 days since 26.09.2026
Revenue 12 months▼ 100% vs a year earlier
Email right away on tax debt, bankruptcy or board change

Data

Board and owners

1 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 1
Raul Mürk8 companies2 with tax debt1 bankruptPersonal ID ↗02.04.2009
Shareholders 1
Raul Mürk100,0% 2 556 €30.04.2025
Beneficial owners 1
Raul Mürk8 companies2 with tax debt1 bankruptmember of the senior management body, i.e. management or supervisory board member05.05.2021

Business Register open data

Quarterly taxes and revenue

2026 Q2
Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q20 €35 €69 €1
2026 Q10 €610 €0 €2
2025 Q40 €602 €0 €2
2025 Q30 €616 €3 516 €2
2025 Q20 €301 €6 554 €2
2025 Q11 065 574 €0 €241 084 €2
2024 Q475 316 €▼ 75%1 111 €0 €2
2024 Q30 €534 €0 €2
2024 Q2601 €▼ 99%1 601 €0 €2
2024 Q10 €1 068 €0 €2
2023 Q4302 759 €1 148 €68 915 €1
2023 Q3260 588 €▲ 1005%1 386 €17 014 €1
Show full history (18 quarters)
2023 Q243 333 €▼ 94%703 €6 162 €1
2023 Q14 167 €▼ 75%941 €0 €1
2022 Q40 €1 489 €0 €—
2022 Q323 579 €875 €0 €—
2022 Q2768 533 €32 746 €56 754 €—
2022 Q116 667 €915 €0 €—

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

4 yr
Build report

2024202320222021
Sales revenue114 k €▼ 82%633 k €▼ 37%1,0 m €▲ 151×6 659 €
Profit99 121 €▲ 17%84 664 €▲ 57%53 850 €▲ into profit-35 932 €
Profit margin87,1%13,4%5,4%-539,6%
Retained earnings994 k €▲ 9%909 k €▲ 6%856 k €▼ 4%891 k €
Cash4 164 €▲ 119%1 901 €▼ 65%5 367 €▼ 71%18 597 €
Current assets1,7 m €▲ 30%1,3 m €▲ 6%1,2 m €▼ 7%1,3 m €
Fixed assets474 k €▼ 12%538 k €▼ 2%551 k €▼ 20%692 k €
Assets2,2 m €▲ 18%1,9 m €▲ 4%1,8 m €▼ 11%2,0 m €
Current liabilities1,0 m €▲ 23%819 k €▼ 6%873 k €▼ 25%1,2 m €
Long-term liabilities83 111 €▲ 133%35 612 €0 €0 €
Total liabilities1,1 m €▲ 28%855 k €▼ 2%873 k €▼ 25%1,2 m €
Equity1,1 m €▲ 10%997 k €▲ 9%912 k €▲ 6%858 k €
Labour costs-20 875 €▼ 6%-19 750 €▼ 12%-17 651 €▼ 89%-9 321 €
Employees20%2▲ 100%10%1
Filed30.07.202509.07.202404.08.202301.08.2022
ReportPDF ↓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

2024
ActivityEMTAKSales revenueOsa
Development of building projects main activity68121113 764 €100%

2024 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

1 records
Tax debt 14 600 € · as of 06.10.2026
Ajatatud
none, the entire debt is unpaid
Debt arose
20.10.2023 · oldest unpaid claim, 1082 days
Consecutively on the list
since 26.09.2026 (11 days) · Firmo data starts 26.09.2026

Tax debt change 26.09.2026 to 06.10.2026 · days in debt: 11

26.0928.0901.1004.1006.10
Total tax debtsellest ajatatudmax 14 600 €

Tax debt history over 5 years

StartEndDaysLargest debtStatus
26.09.2026ongoing1114 600 €unpaid

Paid tax debt stays visible for 5 years. Only tax debt from the last 2 years affects the rating.

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

avalikke teateid pole

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

1
CompanyCodeHoldingSinceRevenue
Kastanihoov OÜ17021710100,0%03.07.2024532 k €

Business Register

Companies linked via the board

7

Top 20 in activity: Hoonestusprojektide arendus

20
#CompanyRevenue
1OÜ Kalaranna Kvartal30,0 m €
2Liven Kodu 20 OÜ28,2 m €
3Bonava Eesti OÜ25,9 m €
4Liven Kodu 16 OÜ17,2 m €
5SSC OÜ9,5 m €
6OÜ Kindrali Majad9,1 m €
7OÜ Astlanda Invest9,1 m €
8Hepsor 3TORNI OÜ8,3 m €
9Solares OÜ8,2 m €
10Merevaate Residents OÜ7,9 m €
11Räni KV OÜ7,9 m €
12Hepsor Phoenix 2 OÜ7,2 m €
13Merirahu Residence OÜ6,9 m €
14Rehelepa Arendus OÜ6,2 m €
15Tormi 11 OÜ5,8 m €
16IBE Estonia OÜ4,8 m €
17EN2 OÜ4,8 m €
18MANTRUM VEOD OÜ4,5 m €
19ViimsiVillage OÜ4,2 m €
20J14 OÜ3,9 m €

Vara Fond OÜ: place 172 /349

Similar size: Soinaste Arendus korterid OÜ, Alliklepa Arenduse OÜ, Kaldaniidu OÜ, Core Capital OÜ, Vahepere 1b Arendus OÜ, Aadli Arendus OÜ, KUZ parandus OÜ, NC Estate OÜ, OÜ O & K Real Estate Development, Attention KV OÜ

Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity

Domains

1 records

Domains

DomainSource
varafond.eeBusiness Register

History and notices

16
DateTypeContent
30.04.2025EntryAmendment entry
08.07.2024Trahvihoiatusmäärus: majandusaasta aruanne esitamata
29.01.2024EntryAmendment entry
02.09.2023EntryAmendment entry
19.01.2018EntryAmendment entry
22.12.2017EntryAmendment entry
04.12.2017EntryAmendment entry
19.05.2016EntryAmendment entry
18.05.2016Administrative orderAmendment entry
15.12.2015EntryMuutmiskanne ÄS § 525 lg 2 alusel
09.01.2013Kandemäärus ex officioAmendment entry
21.12.2012EntryEralduva isiku jagunemiskanne (teine, konstitutiivne kanne jagunemisel)
19.12.2012Kättetoimetatav määrusEralduva isiku jagunemiskanne (teine, konstitutiivne kanne jagunemisel)
24.11.2011EntryAmendment entry
15.09.2011EntryAmendment entry
01.04.2009EntryFirst entry