ETENRU
RegisteredHarju County
Registry code
14431608
VAT number
not VAT registered
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Tartu mnt 24-25a, 10115
Registered
19.02.2018 · 8 yrs
Activity
Rental and operating of own or leased real estate 68201
Additional activities
Other activities auxiliary to financial services, except insurance and pension funding
Capital
3 001 €
Email
m•••@g•••.comLog in to see
Business Register 06.10.2026
Tegevuseta: käive ja töötajad puuduvad
Sales revenue0 €2025 annual report
Profit2,0 m €2025 annual report
Labour taxes per quarter392 €Tax Board 2026 Q2
Cash2,1 m €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 06.10.2026
State taxes 12 months8 434 €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Firmo rating
BB
Modest, higher risk
80 / 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)
  • Not VAT registered
Stability
RatingAA → BB
In tax debt0 days since 26.09.2026
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
Martin Ustaal3 companiesno tax debtPersonal ID ↗19.02.2018
Shareholders 1
Martin Ustaal100,0% 3 001 €01.09.2023
Beneficial owners 1
Martin Ustaal3 companiesno tax debtdirect holding19.10.2018

Business Register open data

Quarterly taxes and revenue

2026 Q2
Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q2—392 €6 294 €—
2026 Q1—522 €1 051 €—
2025 Q4—261 €436 €—
2025 Q3—392 €653 €—
2025 Q2—392 €803 €—
2025 Q1—389 €640 €—
2024 Q4—318 €511 €—
2024 Q2—0 €59 €—
2023 Q1—0 €54 €—
2022 Q1—0 €54 €—

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 revenue0 €▼ 100%6 400 €▼ 20%8 000 €▲ 10%7 253 €▲ 21%6 000 €
Profit2,0 m €▲ 595%294 k €▲ 28×10 372 €▲ 129%4 525 €▼ 43%7 882 €
Profit margin—4600,8%129,7%62,4%131,4%
Retained earnings311 k €▲ 19×16 402 €▲ 172%6 030 €▲ 301%1 505 €▲ into profit-6 377 €
Cash2,1 m €▲ 11×182 k €▲ 407%35 943 €▼ 29%50 941 €▲ 1%50 678 €
Current assets2,2 m €▲ 733%261 k €▲ 55%169 k €▼ 4%175 k €▼ 38%282 k €
Fixed assets600 k €▲ 28%469 k €▲ 136%199 k €▼ 3%205 k €▲ 96%105 k €
Assets2,8 m €▲ 280%730 k €▲ 99%368 k €▼ 3%381 k €▼ 2%386 k €
Current liabilities43 717 €▲ 2%42 856 €0 €0 €▼ 100%469 €
Long-term liabilities69 970 €▼ 8%76 305 €▲ 49%51 200 €▼ 31%74 500 €▼ 12%84 500 €
Total liabilities114 k €▼ 5%119 k €▲ 133%51 200 €▼ 31%74 500 €▼ 12%84 969 €
Equity2,7 m €▲ 335%611 k €▲ 93%316 k €▲ 3%306 k €▲ 2%302 k €
Labour costs0 €0 €0 €0 €—
Employees00000
Filed30.06.202610.06.202501.05.202401.05.202321.06.2022
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

2024
ActivityEMTAKSales revenueOsa
Rental and operating of own or leased real estate main activity682016 000 €94%
Other activities auxiliary to financial services, except insurance and pension funding66191400 €6%

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 06.10.2026

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

4
CompanyCodeHoldingSinceRevenue
ESTO Holdings OÜ149963456,63%21.08.20255,9 m €
Rohefarm OÜ161875550,09%16.08.202311 206 €
Leadcap OÜ167219316,44%02.09.20237 194 €
Opus11 VC SPV1 OÜ164713008,33%01.09.20230 €

Business Register

Companies linked via the board

2

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

20

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

5
DateTypeContent
01.09.2023EntryAmendment entry
20.05.2022EntryAmendment entry
06.03.2018EntryAmendment entry
05.03.2018Order to remedy deficienciesAmendment entry
19.02.2018EntryFirst entry