ETENRU
RegisteredHarju County
Registry code
12517814
VAT number
EE101697189
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Tartu mnt 25, 10117
Registered
08.08.2013 · 13 yrs
Activity
Fund management activities 66301
Additional activities
Äri- ja muu juhtimisalane nõustamine
Capital
140 000 €
Email
i•••@b•••.comLog in to see
Phone
+372 •• ••••Log in to see
LEI
984500F770BF6A0F1028 ISSUED
Business Register 06.10.2026
Sales revenue1,1 m €+17%2025 annual report
Labour taxes per quarter0 €Tax Board 2026 Q2
Tax debt0 €Tax Board debtor list 05.10.2026
Revenue 12 months390 k €+21058%Tax Board, last 4 quarters
State taxes 12 months231 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 143 tuh €
207606776255155124 k124 k143 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 06.10.2026 · 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 → B → BBB → A
In tax debt0 days since 26.09.2026
Revenue 12 months▲ 21058% vs a year earlier
Notification when something changes
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Data

Board and owners

3 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 2
Indrek Minka13 companiesno tax debtPersonal ID ↗08.08.2013
Sander Pullerits15 companiesno tax debtPersonal ID ↗08.08.2013
Other persons 1
Nasdaq CSD SE1983 companies155 with tax debt40 bankruptShare register keeperPersonal ID ↗28.09.2017
Beneficial owners 2
Indrek Minka13 companiesno tax debtdirect holding31.08.2018
Sander Pullerits15 companiesno tax debtdirect holding31.08.2018

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue66,4%
Labour taxes / revenue0,0%
Revenue per employee per month—
Gross salary (estimate)—
Net salary (estimate)—

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q2142 753 €▲ 55882%0 €94 804 €—
2026 Q1123 734 €▲ 15845%0 €70 036 €—
2025 Q4123 505 €▲ 20280%224 €29 011 €—
2025 Q3155 €▼ 25%0 €36 703 €—
2025 Q2255 €▼ 79%0 €39 543 €—
2025 Q1776 €▲ 349%18 240 €179 644 €—
2024 Q4606 €▲ 131%6 774 €22 620 €—
2024 Q3207 €▲ 120%2 428 €2 285 €—
2024 Q21 207 €▲ 684%6 291 €23 349 €—
2024 Q1173 €▲ 84%2 097 €16 222 €1
2023 Q4262 €▲ 10%0 €52 €—
2023 Q394 €▲ 0%0 €57 519 €—
Show full history (18 quarters)
2023 Q2154 €▼ 55%0 €14 019 €—
2023 Q194 €▲ 0%0 €31 019 €—
2022 Q4238 €0 €48 €—
2022 Q394 €0 €35 019 €—
2022 Q2344 €12 043 €40 119 €—
2022 Q194 €0 €2 519 €—

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 revenue1,1 m €▲ 17%955 k €▼ 2%974 k €▲ 3%947 k €▲ 3%921 k €
Profit—583 k €———
Profit margin—61,0%———
Retained earnings—761 k €———
Cash—41 655 €———
Current assets—373 k €———
Fixed assets—1,5 m €———
Assets1,3 m €▼ 30%1,9 m €▲ 27%1,5 m €▲ 27%1,2 m €▲ 30%902 k €
Current liabilities—314 k €———
Long-term liabilities—85 258 €———
Total liabilities—399 k €———
Equity—1,5 m €———
Labour costs—-25 535 €———
Employees0▼ 100%1000
Filed30.06.202630.06.202530.06.202430.06.202330.06.2022
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
Fund management activities main activity66301953 799 €85%
Äri- ja muu juhtimisalane nõustamine70201164 133 €15%

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 05.10.2026

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

8
CompanyCodeHoldingSinceRevenue
BTF SPV1 OÜ10817564100,0%04.07.20243 290 €
BTF2 Beeta OÜ10817386100,0%16.08.20231 545 €
BTF2 Gamma OÜ10817506100,0%16.08.20231 178 €
BTF2 Alfa OÜ10817340100,0%16.08.2023920 €
Birdeye Timber Fund 3 GP OÜ16056379100,0%01.09.20230 €
BTF2 Lamda OÜ10340106100,0%16.08.20230 €
BTF SPV4 OÜ17560246100,0%27.07.20260 €
Drivex Invest OÜ164436622,47%13.03.20220 €

Business Register

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: Fund management activities

20

Licences, pledges, domains

No data

History and notices

38
DateTypeContent
29.07.2026EntryAmendment entry
28.07.2026Order to remedy deficienciesAmendment entry
21.04.2026EntryAmendment entry
14.04.2026Order to remedy deficienciesAmendment entry
19.08.2025EntryAmendment entry
07.08.2025Order to remedy deficienciesAmendment entry
03.04.2025EntryAmendment entry
19.12.2023EntryAmendment entry
21.11.2023EntryAmendment entry
04.05.2023EntryAmendment entry
26.04.2023Order to remedy deficienciesAmendment entry
25.07.2022EntryAmendment entry
12.04.2022EntryAmendment entry
05.04.2022Order to remedy deficienciesAmendment entry
11.06.2021EntryAmendment entry
09.03.2021EntryAmendment entry
08.03.2021Order to remedy deficienciesAmendment entry
01.10.2020EntryAmendment entry
23.03.2020EntryAmendment entry
16.08.2019EntryAmendment entry
09.05.2019EntryAmendment entry
30.08.2018EntryAmendment entry
15.05.2018EntryAmendment entry
19.01.2018EntryAmendment entry
06.12.2017EntryAmendment entry
28.09.2017EntryAmendment entry
03.07.2017EntryAmendment entry
24.03.2017EntryAmendment entry
03.10.2016EntryMuutmiskanne ÄS § 525 lg 2 alusel
29.09.2016EntryAmendment entry
19.05.2016EntryAmendment entry
15.02.2016EntryAmendment entry
22.05.2015EntryAmendment entry
13.02.2015EntryAmendment entry
29.01.2014EntryMuutmiskanne ÄS § 525 lg 2 alusel
24.10.2013EntryAmendment entry
14.08.2013EntryAmendment entry
08.08.2013EntryFirst entry