ETENRU
RegisteredHarju County
Registry code
12994709
VAT number
EE102226083
Address
Harju maakond, Tallinn, Kristiine linnaosa, Mustamäe tee 59, 10621
Registered
12.02.2016 · 10 yrs
Activity
Development of building projects 68121
Capital
3 000 €
Email
m•••@a•••.eeLog in to see
Phone
+372 •• ••••Log in to see
LEI
254900MNLDZHC7QEID44 ISSUED
Business Register 05.10.2026
Annual report 2025 not filed, deadline was 30.06.2026
Sales revenue342 k €-47%2024 annual report
Profit17 490 €2024 annual report
Employees1Tax Board 2026 Q2
Average gross salary1 376 €estimate, Tax Board 2026 Q2
Labour taxes per quarter2 105 €Tax Board 2026 Q2
Cash70 024 €Cash 31.12.2024, annual report
Tax debt0 €Tax Board debtor list 05.10.2026
Revenue 12 months683 k €+17%Tax Board, last 4 quarters
State taxes 12 months196 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 53 805 €
49 k200 k41 k292 k0572 k57 k54 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
A
Good, low risk
81 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 05.10.2026 · 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 (2024)
  • VAT registered
Stability
RatingA since 26.09.2026
In tax debt0 days since 26.09.2026
Revenue 12 months▲ 17% 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
Jasper Aavik4 companies1 with tax debtPersonal ID ↗12.02.2020
Morten Aavik9 companies1 with tax debtPersonal ID ↗12.02.2016
Other persons 1
Nasdaq CSD SEOsade registripidajaOsad on Eesti väärtpaberite registris (Nasdaq CSD). See ei tähenda börsil noteerimist.30.05.2025
Shareholders 2
Omanikukonto: Morten Aavik95,0% 2 850 €02.10.2025
Omanikukonto: Jasper Aavik5,0% 150 €02.10.2025
Beneficial owners 1
Morten Aavik9 companies1 with tax debtdirect holding30.10.2018

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue17,3%
Labour taxes / revenue3,9%
Revenue per employee per month17 935 €
Gross salary (estimate)1 376 €
Net salary (estimate)1 189 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q253 805 €▼ 82%2 105 €9 319 €1
2026 Q156 857 €▲ 39%2 333 €80 297 €1
2025 Q4572 413 €▲ 186%2 147 €69 409 €1
2025 Q30 €2 616 €36 965 €2
2025 Q2291 770 €▲ 889%2 949 €46 238 €3
2025 Q140 984 €▼ 64%2 767 €2 996 €3
2024 Q4200 410 €▲ 66%2 503 €19 858 €3
2024 Q349 000 €▼ 83%2 153 €11 209 €3
2024 Q229 500 €▼ 81%2 153 €5 569 €3
2024 Q1114 462 €▼ 55%4 282 €8 232 €3
2023 Q4120 833 €4 667 €21 317 €3
2023 Q3292 050 €▲ 4%4 630 €55 220 €3
Show full history (18 quarters)
2023 Q2154 220 €▼ 59%4 724 €46 412 €3
2023 Q1254 212 €▼ 28%6 122 €12 311 €3
2022 Q40 €7 682 €2 288 €3
2022 Q3280 083 €8 417 €33 335 €3
2022 Q2373 535 €7 342 €0 €3
2022 Q1353 682 €4 981 €45 330 €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

4 yr
Build report

2024202320222021
Sales revenue342 k €▼ 47%645 k €▼ 30%918 k €▲ 125%407 k €
Profit17 490 €▼ 81%92 218 €▼ 59%226 k €▼ 42%387 k €
Profit margin5,1%14,3%24,6%94,9%
Retained earnings678 k €▼ 15%797 k €▲ 26%632 k €▲ 143%260 k €
Cash70 024 €▼ 17%84 549 €▲ 1%84 100 €▼ 11%94 770 €
Current assets814 k €▼ 25%1,1 m €▼ 14%1,3 m €▲ 37%929 k €
Fixed assets712 k €▲ 22%582 k €▼ 2%597 k €▲ 4%574 k €
Assets1,5 m €▼ 9%1,7 m €▼ 10%1,9 m €▲ 24%1,5 m €
Current liabilities519 k €▲ 27%409 k €▼ 18%501 k €▲ 19%422 k €
Long-term liabilities309 k €▼ 17%372 k €▼ 27%507 k €▲ 17%432 k €
Total liabilities828 k €▲ 6%781 k €▼ 23%1,0 m €▲ 18%854 k €
Equity698 k €▼ 22%892 k €▲ 4%861 k €▲ 33%650 k €
Labour costs-14 469 €▲ 72%-51 119 €▲ 30%-72 669 €▼ 124%-32 456 €
Employees1▼ 50%20%20%2
Filed03.07.202530.06.202427.06.202315.08.2022
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 activity68121341 689 €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

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

3
CompanyCodeHoldingSinceRevenue
JetTech Airworthiness Solutions OÜ1665054925,0%02.09.2023778 k €
Hõralaid OÜ16271770100,0%30.10.20250 €
Billion OÜ1644537150,0%16.08.20230 €

Business Register

Companies linked via the board

10

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 €

AAVIK OÜ: place 113 /348

Similar size: TrilliumGlobal Group OÜ, Osaühing Ren Tar Est, Nahkja OÜ, Arenduspank OÜ, Ülejõe Kodu OÜ, AS Tondi Kvartal, MEK OÜ, Mavex Invest OÜ, Rumpes OÜ, Noblessner Arendus OÜ

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

Licences, pledges, domains

No data

History and notices

8
DateTypeContent
30.05.2025EntryAmendment entry
02.09.2023EntryAmendment entry
18.11.2020EntryAmendment entry
12.02.2020EntryAmendment entry
11.10.2019EntryAmendment entry
19.01.2018EntryAmendment entry
11.12.2017EntryAmendment entry
12.02.2016EntryFirst entry