ETENRU
RegisteredTartu County
Registry code
11139681
VAT number
not VAT registered
Address
Tartu maakond, Tartu linn, Tartu linn, Näituse tn 25, 50409
Registered
02.09.2005 · 21 yrs
Activity
Rental and operating of own or leased real estate 68201
Capital
50 000 €
Email
j•••@l•••.eeLog in to see
LEI
894500DU8U1LZDSFAR17 ISSUED
Business Register 08.10.2026
Tegevuseta: käive ja töötajad puuduvad
Sales revenue0 €2025 annual report
Profit-300 k €2025 annual report
Labour taxes per quarter0 €Tax Board 2026 Q1
Cash9,6 m €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 08.10.2026
State taxes 12 months475 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Firmo rating
BB
Modest, higher risk
74 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 08.10.2026 · 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
RatingA → BB
In tax debt0 days since 26.09.2026
Email right away on tax debt, bankruptcy or board change

Data

Board and owners

2 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 2
Jüri Külvik6 companiesno tax debtPersonal ID ↗02.09.2005
Karmo Piikmann3 companiesno tax debtPersonal ID ↗15.07.2026
Shareholders 1
Jüri Külvik100,0% 50 000 €01.09.2023
Beneficial owners 1
Jüri Külvik6 companiesno tax debtdirect holding30.10.2018

Business Register open data

Quarterly taxes and revenue

2026 Q1
Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q1—0 €182 €—
2025 Q4—0 €62 €—
2025 Q1—351 683 €351 783 €—
2024 Q4—123 085 €123 160 €—
2024 Q3—700 €727 €—
2024 Q2—0 €75 €—
2023 Q4—0 €72 €—
2023 Q1—0 €72 €—
2022 Q4—2 805 €2 877 €—
2022 Q2—0 €72 €—

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 €0 €0 €0 €0 €
Profit-300 k €▼ into loss26,4 m €▲ 438%4,9 m €▲ 7%4,6 m €▲ 273%1,2 m €
Profit margin—————
Retained earnings11,6 m €▲ into profit-14,8 m €▼ into loss2,1 m €▲ 37%1,6 m €▼ 64%4,3 m €
Cash9,6 m €▲ 54×176 k €▲ 633%24 000 €▼ 49%47 000 €▲ 683%6 000 €
Current assets23,4 m €▲ 430%4,4 m €▼ 9%4,9 m €▲ 466%862 k €▼ 40%1,4 m €
Fixed assets31,1 m €▼ 36%48,5 m €▲ 120%22,1 m €▲ 3%21,5 m €▲ 24%17,3 m €
Assets54,5 m €▲ 3%52,9 m €▲ 96%27,0 m €▲ 21%22,4 m €▲ 19%18,7 m €
Current liabilities1,1 m €▼ 55%2,5 m €▼ 68%7,9 m €▲ 85%4,3 m €▲ 20×217 k €
Long-term liabilities38,9 m €▲ 9%35,6 m €▲ 300%8,9 m €▲ 1%8,8 m €▼ 10%9,8 m €
Total liabilities40,1 m €▲ 5%38,1 m €▲ 128%16,8 m €▲ 28%13,1 m €▲ 31%10,0 m €
Equity14,5 m €▼ 2%14,8 m €▲ 45%10,2 m €▲ 10%9,3 m €▲ 7%8,7 m €
Labour costs-29,2 m €▼ 10%-26,6 m €▼ 9%-24,4 m €▲ 11%-27,4 m €▼ 16%-23,6 m €
Employees750▲ 11%676▼ 2%687▼ 14%796▼ 5%838
Filed03.08.202614.07.202525.07.202430.06.202301.09.2022
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

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 08.10.2026

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

11
CompanyCodeHoldingSinceRevenue
Optigon OÜ144243760,13%24.10.20251,9 m €
eAgronom OÜ140923940,47%26.06.2024977 k €
Defensphere OÜ161458642,44%10.06.2024714 k €
Forknav OÜ160073368,5%10.07.2026532 k €
Shroomwell Group OÜ169124010,55%05.12.202535 030 €
Luther Factory OÜ161517413,75%05.12.202510 000 €
Luther Factory Holding OÜ1480667510,0%05.12.20255 248 €
West Property OÜ14099255100,0%01.09.20230 €
Luther Recovery OÜ1737866533,0%12.01.20260 €
Sinilille Kodu OÜ1406837811,18%05.12.20250 €
Buildit Invest OÜ126495042,09%01.09.20230 €

Business Register

Companies linked via the board

6

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

10
DateTypeContent
15.07.2026EntryAmendment entry
07.07.2024Trahvihoiatusmäärus: majandusaasta aruanne esitamata
01.09.2023EntryAmendment entry
17.01.2018EntryAmendment entry
22.12.2017EntryAmendment entry
04.12.2017EntryAmendment entry
08.06.2015EntryMuutmiskanne ÄS § 525 lg 2 alusel
03.12.2008Tegevusalade kustutamine registrikaardiltAmendment entry
03.01.2006Jaatav kandeotsusAmendment entry
01.09.2005Jaatav kandeotsusFirst entry