ETENRU
RegisteredHarju County
Registry code
16638472
VAT number
EE102570043
Address
Harju maakond, Tallinn, Lasnamäe linnaosa, Valukoja tn 8/2, 11415
Registered
23.12.2022 · 3 yrs
Activity
Construction of other civil engineering projects n.e.c. 42991
Capital
30 000 €
Email
k•••@k•••.eeLog in to see
Phone
+372 5•• ••••Log in to see
Business Register 05.10.2026
Sales revenue21,1 m €-55%2025 annual report
Profit2,7 m €2025 annual report
Employees27Tax Board 2026 Q2
Average gross salary4 273 €estimate, Tax Board 2026 Q2
Labour taxes per quarter177 k €Tax Board 2026 Q2
Cash3,3 m €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 05.10.2026
Revenue 12 months38,9 m €-27%Tax Board, last 4 quarters
State taxes 12 months3,3 m €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 11,7 mln €
24,8 M23,3 M4,6 M864 k4,4 M11,9 M10,9 M11,7 M
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
AA
Very 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 (2025)
  • VAT registered
Stability
RatingAA → A → AA
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 27% vs a year earlier
Notification when something changes
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Data

Board and owners

4 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 4
Indrek Pappel6 companiesno tax debtPersonal ID ↗23.12.2022
Janno Oja3 companiesno tax debtPersonal ID ↗23.12.2022
Marek Jassik4 companiesno tax debtPersonal ID ↗23.12.2022
Marko Pikk2 companiesno tax debtPersonal ID ↗23.12.2022
Shareholders 3
LMJP Holding OÜ70,0% 21 000 €12.08.2024
Marko Pikk20,0% 6 000 €31.08.2023
Janno Oja10,0% 3 000 €31.08.2023
Beneficial owners 6
Indrek Pappel6 companiesno tax debtkaudne osalus27.12.2022
Jaan Luts1 companyno tax debtkaudne osalus27.12.2022
Janno Oja3 companiesno tax debtdirect holding29.05.2025
Marek Jassik4 companiesno tax debtkaudne osalus27.12.2022
Marko Pikk2 companiesno tax debtdirect holding29.05.2025
Vallot Mangus3 companies1 with tax debtkaudne osalus27.12.2022

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue2,0%
Labour taxes / revenue1,5%
Revenue per employee per month144 460 €
Gross salary (estimate)4 273 €
Net salary (estimate)3 367 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q211 701 236 €▲ 1254%176 505 €232 535 €27
2026 Q110 914 140 €▲ 137%531 536 €1 033 046 €26
2025 Q411 931 046 €▼ 49%193 510 €1 124 433 €26
2025 Q34 399 609 €▼ 82%313 056 €868 593 €26
2025 Q2864 481 €▼ 91%154 451 €107 333 €22
2025 Q14 608 534 €▲ 4%537 027 €495 110 €21
2024 Q423 341 265 €▲ 169%150 575 €1 221 859 €23
2024 Q324 752 727 €▲ 139%212 826 €0 €25
2024 Q29 882 697 €▲ 932%201 768 €0 €22
2024 Q14 426 709 €▲ 523%228 193 €96 537 €22
2023 Q48 669 559 €135 528 €233 957 €23
2023 Q310 360 301 €129 906 €321 376 €23
Show full history (18 quarters)
2023 Q2957 325 €99 238 €120 457 €23
2023 Q1711 092 €31 912 €86 172 €18
2022 Q4———12
2022 Q3———10
2022 Q2———6
2022 Q1———6

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

3 yr
Build report

202520242023
Sales revenue21,1 m €▼ 55%46,4 m €▲ 114%21,7 m €
Profit2,7 m €▼ 27%3,6 m €▲ 2%3,6 m €
Profit margin12,6%7,8%16,4%
Retained earnings2,8 m €▲ 284%716 k €—
Cash3,3 m €▼ 33%5,0 m €▲ 741%592 k €
Current assets13,7 m €▲ 36%10,1 m €▲ 63%6,2 m €
Fixed assets115 k €▲ 10%105 k €▲ 718%12 805 €
Assets13,8 m €▲ 35%10,2 m €▲ 64%6,2 m €
Current liabilities8,0 m €▲ 48%5,4 m €▲ 143%2,2 m €
Long-term liabilities8 638 €▼ 78%39 862 €▲ 2%38 972 €
Total liabilities8,0 m €▲ 47%5,4 m €▲ 141%2,3 m €
Equity5,8 m €▲ 22%4,8 m €▲ 20%4,0 m €
Labour costs2,3 m €▼ 20%2,9 m €▲ 114%1,4 m €
Employees270%27▲ 4%26
Filed30.06.202630.06.202530.06.2024
ReportPDF ↓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
Construction of other civil engineering projects n.e.c. main activity4299121 096 751 €100%

2025 annual report, RIK open data

Real estate

e-kinnistusraamat

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Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data

Building permits where the company is a party

2 documents
Documents2
As owner0
As builder2
In the last 12 months2
DateBuilding and addressDocument and roleMunicipality
15.09.2026Lemmejõe raudteesild BR2084
Häädemeeste vald, Majaka küla, 2130022 Loigu tee
Notice of commencement of construction
taotleja, ehitaja
Häädemeeste valdEHR →
15.09.2026Kullipesa ökodukt BR2646
Pärnu linn, Silla küla, Surju metskond 36
Notice of commencement of construction
taotleja, ehitaja
Pärnu linnEHR →

All building permits of this company → Source: Register of Construction Works (CC BY-SA 3.0). Private persons are not shown.

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

14,2 mln € makseid · 3 tenders

Transactions with state institutions

2026920 k €
20253,1 m €
20248,6 m €
20231,5 m €

Largest payers

OÜ Rail Baltic Estonia8 693 425 €
AS Tallinna Linnatransport5 511 617 €
Muinsuskaitseamet1 500 €
All payments by month
MonthPayerTypeFieldAmount
08.2026OÜ Rail Baltic EstoniaFixed assetsRail transport112 770 €
07.2026OÜ Rail Baltic EstoniaFixed assetsRail transport97 756 €
06.2026OÜ Rail Baltic EstoniaFixed assetsRail transport116 964 €
05.2026OÜ Rail Baltic EstoniaFixed assetsRail transport164 544 €
04.2026OÜ Rail Baltic EstoniaFixed assetsRail transport117 421 €
03.2026OÜ Rail Baltic EstoniaFixed assetsRail transport96 740 €
02.2026OÜ Rail Baltic EstoniaFixed assetsRail transport112 091 €
01.2026OÜ Rail Baltic EstoniaFixed assetsRail transport91 969 €
01.2026AS Tallinna LinnatransportOperating costsPublic transport organisation9 652 €
12.2025AS Tallinna LinnatransportFixed assetsPublic transport organisation204 566 €
12.2025OÜ Rail Baltic EstoniaFixed assetsRail transport127 251 €
11.2025AS Tallinna LinnatransportFixed assetsPublic transport organisation158 868 €
11.2025OÜ Rail Baltic EstoniaFixed assetsRail transport122 928 €
10.2025AS Tallinna LinnatransportFixed assetsPublic transport organisation318 453 €
10.2025OÜ Rail Baltic EstoniaFixed assetsRail transport97 732 €
09.2025OÜ Rail Baltic EstoniaFixed assetsRail transport73 796 €
08.2025AS Tallinna LinnatransportFixed assetsPublic transport organisation455 240 €
08.2025OÜ Rail Baltic EstoniaFixed assetsRail transport64 048 €
07.2025OÜ Rail Baltic EstoniaFixed assetsRail transport19 635 €
06.2025AS Tallinna LinnatransportFixed assetsPublic transport organisation947 449 €
02.2025AS Tallinna LinnatransportOperating costsPublic transport organisation27 828 €
01.2025AS Tallinna LinnatransportFixed assetsPublic transport organisation443 014 €
01.2025OÜ Rail Baltic EstoniaFixed assetsRail transport81 664 €
12.2024AS Tallinna LinnatransportFixed assetsPublic transport organisation1 686 632 €
12.2024OÜ Rail Baltic EstoniaFixed assetsRail transport272 503 €
12.2024MuinsuskaitseametMuud toetusedHeritage protection1 500 €
11.2024OÜ Rail Baltic EstoniaFixed assetsRail transport647 334 €
10.2024OÜ Rail Baltic EstoniaFixed assetsRail transport935 378 €
10.2024AS Tallinna LinnatransportOperating costsPublic transport organisation10 198 €
09.2024AS Tallinna LinnatransportFixed assetsPublic transport organisation1 202 778 €
09.2024OÜ Rail Baltic EstoniaFixed assetsRail transport887 670 €
08.2024OÜ Rail Baltic EstoniaFixed assetsRail transport1 268 050 €
07.2024OÜ Rail Baltic EstoniaFixed assetsRail transport1 225 495 €
06.2024OÜ Rail Baltic EstoniaFixed assetsRail transport294 320 €
06.2024AS Tallinna LinnatransportOperating costsPublic transport organisation46 941 €
05.2024OÜ Rail Baltic EstoniaFixed assetsRail transport16 262 €
04.2024OÜ Rail Baltic EstoniaFixed assetsRail transport17 502 €
03.2024OÜ Rail Baltic EstoniaFixed assetsRail transport17 427 €
02.2024OÜ Rail Baltic EstoniaFixed assetsRail transport24 451 €
01.2024OÜ Rail Baltic EstoniaFixed assetsRail transport51 353 €
12.2023OÜ Rail Baltic EstoniaFixed assetsRail transport25 500 €
11.2023OÜ Rail Baltic EstoniaFixed assetsRail transport43 360 €
10.2023OÜ Rail Baltic EstoniaFixed assetsRail transport11 855 €
09.2023OÜ Rail Baltic EstoniaFixed assetsRail transport20 527 €
08.2023OÜ Rail Baltic EstoniaFixed assetsRail transport126 279 €
07.2023OÜ Rail Baltic EstoniaFixed assetsRail transport305 456 €
06.2023OÜ Rail Baltic EstoniaFixed assetsRail transport485 333 €
05.2023OÜ Rail Baltic EstoniaFixed assetsRail transport333 365 €
04.2023OÜ Rail Baltic EstoniaFixed assetsRail transport150 048 €
03.2023OÜ Rail Baltic EstoniaFixed assetsRail transport36 648 €

Riigi Tugiteenuste Keskus, Saldo makseandmikud

Public procurement contracts

DateContracting authorityTenderAmount
16.05.2025osaühing Rail Baltic EstoniaRail Baltica Pärnu – Ikla railway line design and construction (Alliance 2)540 000 000 €
11.04.2025Aktsiaselts Tallinna LinnatransportProcurement contract527 565 €
13.04.2023osaühing Rail Baltic EstoniaRail Baltica Ülemiste terminali raudteerajatiste ehitustööd46 931 048 €

Public Procurement Register

Holdings in other companies

0

No holdings in other companies

Companies linked via the board

10

Top 20 in activity: Construction of other civil engineering projects n.e.c.

20
#CompanyRevenue
1WiSo Engineering OÜ42,0 m €
2LMJP Holding OÜ40,1 m €
3KMG Infra OÜ21,1 m €
4Aktsiaselts EESTI ENERGOMONTAAŽ19,7 m €
5TERASTEENUS OÜ19,0 m €
6Baltpile Osaühing7,0 m €
7Lars Laj Eesti OÜ5,4 m €
8Demirek OÜ5,1 m €
9Nordpont OÜ4,6 m €
10Väljataguse Veod OÜ4,4 m €
11Raudviu OÜ3,5 m €
12EF Ehitus OÜ2,9 m €
13Green Management OÜ2,0 m €
14Läänekivi OÜ2,0 m €
15OSAÜHING UNIGRASS1,8 m €
16OÜ G-Floors1,8 m €
17SPEQ Agri OÜ1,7 m €
18Fellin Invest OÜ1,7 m €
19KHKA OÜ1,6 m €
20Osaühing Merilyni Grupp1,6 m €

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

Tegevusload

4 records

Activity licences (MTR and environmental)

FieldLicence numberValid from
ElektritöödTEL00438221.02.2023
ProjekteerimineEEP00433923.12.2019
Heritage protectionE 655/201226.02.2014
EhitamineEEH00279015.08.2007

History and notices

5
DateTypeContent
06.09.2023EntryAmendment entry
24.01.2023EntryAmendment entry
16.01.2023Order to remedy deficienciesAmendment entry
23.12.2022EntryEsimene, deklaratiivne jagunemiskanne (asutatava isiku registrikaardile)
23.12.2022EntryKolmas, informatiivne jagunemiskanne (omandava isiku registrikaardile)