ETENRU
RegisteredHarju County
Registry code
11639834
VAT number
EE101290942
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Veskiposti tn 2, 10138
Registered
22.04.2009 · 17 yrs
Activity
Administration of financial markets 66111
Capital
50 000 €
Email
i•••@h•••.eeLog in to see
Phone
+372 •• ••••Log in to see
Website
www.hmkapital.ee from email
LEI
894500C6NVV1V20Y2X31 ISSUED
Business Register 05.10.2026
Tax debt over €10,000 and over 90 days
Sales revenue624 k €-10%2025 annual report
Profit224 k €2025 annual report
Employees1Tax Board 2026 Q2
Average gross salary3 277 €estimate, Tax Board 2026 Q2
Labour taxes per quarter5 014 €Tax Board 2026 Q2
Cash3 903 €Cash 31.12.2025, annual report
Tax debt20 092 €unpaidTax Board 04.10.2026 · details below
Revenue 12 months241 k €-75%Tax Board, last 4 quarters
State taxes 12 months10 156 €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · in debt on 9 days
26.0928.0930.0902.1004.10
Total tax debtmax 20 092 €
Details ↓
Turnover by quarter · latest 6 789 €
60 k212 k565 k114 k69 k159 k6 4806 789
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
B
Weak, high risk
79 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 05.10.2026 · open data
Quick check
  • Tax debt 20 092 €
  • No enforcement proceedings (12 months)
  • No payment orders (12 months)
  • No bankruptcy or liquidation
  • No sanctions
  • Report filed (2025)
  • VAT registered
Stability
RatingB since 26.09.2026
In tax debt9 days since 26.09.2026
Revenue 12 months▼ 75% vs a year earlier
Notification when something changes

Data

Board and owners

1 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 1
Heiki Murula4 companies1 with tax debtPersonal ID ↗22.04.2009
Shareholders 1
Heiki Murula100,0% 50 000 €25.09.2026
Beneficial owners 1
Heiki Murula4 companies1 with tax debtdirect holding04.09.2018

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue88,1%
Labour taxes / revenue73,9%
Revenue per employee per month2 263 €
Gross salary (estimate)3 277 €
Net salary (estimate)2 618 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q26 789 €▼ 94%5 014 €5 983 €1
2026 Q16 480 €▼ 99%51 €2 026 €1
2025 Q4158 802 €▼ 25%12 €1 268 €1
2025 Q368 856 €▲ 15%12 €879 €1
2025 Q2114 201 €▲ 164%51 €847 €1
2025 Q1565 011 €▲ 568%303 €8 812 €1
2024 Q4212 275 €▼ 66%6 405 €8 088 €1
2024 Q359 966 €▼ 76%309 €232 €1
2024 Q243 243 €▼ 74%313 €204 €1
2024 Q184 589 €▲ 781%2 261 €8 280 €1
2023 Q4627 398 €▲ 2628%43 €1 914 €1
2023 Q3247 285 €▲ 171%3 537 €1 032 €1
Show full history (18 quarters)
2023 Q2168 800 €▼ 2%0 €6 438 €—
2023 Q19 600 €0 €1 295 €—
2022 Q423 000 €0 €1 692 €—
2022 Q391 250 €0 €3 531 €—
2022 Q2171 733 €0 €4 406 €—
2022 Q10 €7 000 €25 131 €—

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 revenue624 k €▼ 10%692 k €▲ 95%354 k €▲ 23%289 k €▼ 44%514 k €
Profit224 k €▲ 19×11 865 €▼ 92%141 k €▼ 33%211 k €▼ 57%491 k €
Profit margin35,9%1,7%39,7%73,1%95,6%
Retained earnings2,0 m €▼ 2%2,1 m €▲ 2%2,0 m €▲ 9%1,9 m €▲ 27%1,5 m €
Cash3 903 €▼ 79%18 971 €▼ 4%19 702 €0 €▼ 100%29 324 €
Current assets2,3 m €0%2,3 m €▲ 6%2,2 m €▲ 3%2,2 m €▲ 7%2,0 m €
Fixed assets101 k €▼ 29%142 k €▼ 21%180 k €▲ 21%149 k €▲ 453%26 925 €
Assets2,4 m €▼ 2%2,5 m €▲ 4%2,4 m €▲ 4%2,3 m €▲ 13%2,0 m €
Current liabilities181 k €▼ 55%401 k €▲ 78%225 k €▼ 1%228 k €▲ 181%81 205 €
Long-term liabilities———0 €0 €
Total liabilities181 k €▼ 55%401 k €▲ 78%225 k €▼ 1%228 k €▲ 181%81 205 €
Equity2,3 m €▲ 8%2,1 m €▼ 4%2,2 m €▲ 4%2,1 m €▲ 6%2,0 m €
Labour costs1 107 €▼ 94%19 605 €▲ 426%3 730 €0 €0 €
Employees10%10%100
Filed28.04.202612.02.202524.07.202405.06.202303.02.2022
ReportIn the Business Register ↗In the Business Register ↗In the Business Register ↗In the Business Register ↗In the Business Register ↗

▲ 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
Administration of financial markets main activity66111624 336 €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

1 records
Tax debt 20 092 € · as of 04.10.2026
Ajatatud
none, the entire debt is unpaid
Debt arose
20.11.2025 · oldest unpaid claim, 318 days
Consecutively on the list
since 26.09.2026 (9 days) · Firmo data starts 26.09.2026

Tax debt change 26.09.2026 to 04.10.2026 · in debt on 9 days

26.0928.0930.0902.1004.10
Total tax debtmax 20 092 €

Tax debt history over 5 years

StartEndDaysLargest debtStatus
26.09.2026ongoing920 092 €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

0

No holdings in other companies

Companies linked via the board

3

Top 20 in activity: Administration of financial markets

12
#CompanyRevenue
1Nasdaq Tallinn Aktsiaselts2,4 m €
2OÜ ALBENA CAPITAL2,1 m €
3OÜ HM Kapital624 k €
4Bruhold OÜ607 k €
5Tatkraft Invest OÜ512 k €
6TRANSCRYPT OÜ495 k €
7Lestall OÜ56 680 €
8Westrom Invest OÜ13 080 €
9FinanceAMT OÜ5 000 €
10NIFTIFY PLATFORM OÜ257 €
11Pullmann OÜ80 €
12Eesti Katusetööd OÜ44 €

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

Domains

1 records

Domains

DomainSource
hmkapital.eeemail

History and notices

15
DateTypeContent
25.09.2026EntryAmendment entry
25.09.2026Order to remedy deficienciesAmendment entry
08.07.2024Trahvihoiatusmäärus: majandusaasta aruanne esitamata
16.10.2023Negative entry order: deficiencies not remediedAmendment entry
12.09.2023Order to remedy deficienciesAmendment entry
02.09.2023EntryAmendment entry
24.01.2022EntryMuutmiskanne ÄS § 525 lg 2 alusel
09.06.2020EntryAmendment entry
05.06.2020Order to remedy deficienciesAmendment entry
12.03.2019EntryAmendment entry
17.01.2018EntryAmendment entry
01.12.2017EntryAmendment entry
14.09.2016EntryAmendment entry
22.04.2009EntryFirst entry
16.04.2009Order to remedy deficienciesFirst entry