Osaühing VERX RAKVERE

Legal formLegal form:: Private limited company
Registry codeRegistry code:: 10293753
VAT no.VAT no.:: EE100459182
Fiscal-year periodFiscal-year period:: 01.01 - 31.12
EstablishedEstablished:: 21.10.1997 (28 y)
Former business namesFormer business names:: AS VERX RAKVERE
CapitalCapital:: 7 030 EUR
AddressAddress:: Kalda tn 1, Rakvere linn, Lääne-Viru maakond, 44311
StatusStatus:: Registered

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Contacts

PhonePhone:: +372 3223854
EmailEmail:: verx@verx.ee
WebsiteWebsite:: http://www.verx.ee

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Industries

CONSTRUCTION
Specialised construction activities
Electrical installation and plumbing and other construction installation works
Plumbing, heating and air-conditioning installation
43221 – Installation, repair and maintenance of heating, ventilation and air-conditioning equipment
Construction of residential and non-residential buildings
Construction of residential and non-residential buildings
Construction of residential and non-residential buildings
41001 – Construction of residential and non-residential buildings
Construction of civil engineering projects
Construction of utility network projects
Construction of water, gas and sewerage projects
42211 – Construction of water, gas and sewerage projects

VAT liability

VAT no.	Start	End
EE100459182	01.03.1995	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	29.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	27.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	19.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	15.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	17.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	16.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	08.10.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	17.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	26.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	21.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	08.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	19.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	27.05.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	21.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	20.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	16.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	16.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	12.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	17.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	28.06.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	20.06.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	09.06.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	11.06.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	19.06.2003	Valid	PDF
2001	01.01.2001 – 31.12.2001	01.07.2002	Valid	PDF
2000	01.01.2000 – 31.12.2000	02.07.2001	Valid	PDF

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No unsubmitted declarations as of 01.10.2026.

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Tax debt Reports Declarations Court decisions1 Official announcements–TTJA decisions–Real estate–.ee domains1 Licenses2 Regulations6 Public transactions581 Grants–State aid2 Public procurement4 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	73 986 €	44 569 €	458 783 €+47,4%	20
2026 Q1	71 544 €	41 525 €	311 233 €+6,3%	19
Total 2026:	145 530 €	86 094 €	770 016 €
2025 Q4	65 390 €	43 746 €	292 663 €−19,1%	19
2025 Q3	83 400 €	46 456 €	361 788 €+3,9%	20
2025 Q2	67 440 €	46 908 €	348 052 €+5,7%	24
2025 Q1	61 407 €	41 439 €	329 433 €−22,7%	23
Total 2025:	277 637 €	178 549 €	1,33 M €
2024 Q4	79 124 €	39 960 €	426 105 €−15,6%	22
2024 Q3	81 084 €	46 913 €	505 118 €+36,7%	22
2024 Q2	60 446 €	38 104 €	369 402 €+7,6%	25
2024 Q1	60 586 €	34 708 €	343 338 €−4,5%	20
Total 2024:	281 240 €	159 685 €	1,64 M €
2023 Q4	48 984 €	33 352 €	359 334 €+8,2%	20
2023 Q3	52 265 €	36 930 €	332 237 €−19,0%	20
2023 Q2	59 040 €	33 924 €	410 081 €+47,6%	21
2023 Q1	48 886 €	32 958 €	277 742 €−15,7%	21
Total 2023:	209 175 €	137 164 €	1,38 M €
2022 Q4	50 403 €	36 297 €	329 304 €−23,8%	22
2022 Q3	61 933 €	38 853 €	432 372 €−19,1%	22
2022 Q2	44 773 €	30 832 €	534 310 €+49,1%	26
2022 Q1	45 955 €	31 876 €	358 275 €−13,6%	21
Total 2022:	203 064 €	137 858 €	1,65 M €
2021 Q4	45 699,19 €	31 820,18 €	414 555,70 €+11,6%	23
2021 Q3	51 479,78 €	34 637,64 €	371 340,24 €+10,5%	24
2021 Q2	40 230,25 €	26 433,66 €	336 136,26 €+19,5%	25
2021 Q1	35 039,83 €	25 431,93 €	281 308,22 €−23,0%	22
Total 2021:	172 449,05 €	118 323,41 €	1,40 M €
2020 Q4	49 637,51 €	29 799,99 €	365 243,13 €+13,6%	23
2020 Q3	44 724,85 €	28 778,25 €	321 487,93 €−8,1%	23
2020 Q2	50 885,41 €	26 485,42 €	349 650,17 €+15,6%	23
2020 Q1	38 173 €	27 507 €	302 430 €−31,7%	24
Total 2020:	183 420,77 €	112 570,66 €	1,34 M €
2019 Q4	51 623 €	27 627 €	442 893 €+16,7%	27
2019 Q3	57 766 €	32 996 €	379 367 €+4,6%	27
2019 Q2	47 358 €	28 165 €	362 521 €−2,3%	27
2019 Q1	51 546 €	28 212 €	371 106 €−20,5%	29
Total 2019:	208 293 €	117 000 €	1,56 M €
2018 Q4	58 899 €	30 461 €	466 959 €−11,4%	31
2018 Q3	47 834 €	29 263 €	527 278 €+39,3%	34
2018 Q2	37 620 €	28 337 €	378 403 €−11,1%	35
2018 Q1	54 591 €	26 862 €	425 489 €−28,3%	30
Total 2018:	198 944 €	114 923 €	1,80 M €
2017 Q4	61 011 €	26 933 €	593 628 €+40,4%	25
2017 Q3	35 682 €	27 855 €	422 937 €−5,9%	29
2017 Q2	46 620 €	25 711 €	449 404 €+66,2%	31
2017 Q1	36 827 €	23 413 €	270 430 €−17,6%	24
Total 2017:	180 140 €	103 912 €	1,74 M €
2016 Q4	37 241 €	23 144 €	328 183 €−7,0%	19
2016 Q3	40 965 €	24 884 €	352 861 €+14,3%	19
2016 Q2	28 173 €	21 761 €	308 581 €+2,0%	19
2016 Q1	25 174 €	21 329 €	302 451 €+17,0%	19
Total 2016:	131 553 €	91 118 €	1,29 M €
2015 Q4	39 602 €	19 778 €	258 551 €−15,0%	19
2015 Q3	33 035 €	23 275 €	304 262 €+12,8%	19
2015 Q2	28 664 €	20 629 €	269 667 €−1,4%	19
2015 Q1	35 547 €	20 914 €	273 401 €	19
Total 2015:	136 848 €	84 596 €	1,11 M €

Revenue by industry

	2023	2024	2025
Installation, repair and maintenance of heating, ventilation and air-conditioning equipment		1 002 450 €	838 601 €
Construction of water, gas and sewerage projects	444 885 €	565 403 €	390 263 €
Construction of residential and non-residential buildings	108 510 €	52 772 €	54 594 €
Installation of heating, ventilation and air-conditioning equipment	882 640 €

Tax debts

No tax debt found

No tax debt as of 01.10.2026

Representatives

	Personal ID code
Ingmar Papstel	36610XXXXXX	20.10.1966 (59)	Board member	21.10.1997	-

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Shareholders

	Personal ID code
Kuido Kond	37005XXXXXX	18.05.1970 (56)	Shareholder	3 515 EUR	50,00%	Sole ownership	02.09.2023	-
Ingmar Papstel	36610XXXXXX	20.10.1966 (59)	Shareholder	3 515 EUR	50,00%	Sole ownership	02.09.2023	-

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Ultimate beneficial owners

	Personal ID code
Ingmar Papstel	36610XXXXXX	20.10.1966 (59)	Direct holding	25.10.2018	-
Kuido Kond	37005XXXXXX	18.05.1970 (56)	Direct holding	25.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q2

Turnover

Amount: 458 783 €
Monthly average: 152 928 €
Per employee: 7 646 €
Equity ratio: 2 175,36%

Labour taxes

Turnover ratio: 9,71%
Tax ratio: 60,24%
Monthly average: 14 856 €
Per employee: 762 €

State taxes

Monthly average: 24 662 €
Turnover ratio: 16,13%

Estimated salary

Gross salary: 1 491 €
Net salary: 1 275 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	173 995 €−9,6%	192 394 €+11,8%	172 016 €+6,8%	161 101 €−24,1%	212 319 €+5,3%	201 675 €−12,5%	230 449 €
Non-current assets	56 846 €+20,4%	47 210 €−30,2%	67 619 €−7,4%	73 035 €+19,6%	61 064 €+12,6%	54 252 €+19,2%	45 524 €
Total assets	230 841 €−3,7%	239 604 €	239 635 €+2,3%	234 136 €−14,4%	273 383 €+6,8%	255 927 €−7,3%	275 973 €
Short-term liabilities	174 052 €−13,8%	201 942 €+9,8%	183 875 €+5,8%	173 788 €−20,1%	217 399 €+15,1%	188 854 €−11,8%	214 039 €
Long-term liabilities	43 794 €+76,4%	24 826 €−46,7%	46 577 €−9,5%	51 489 €+10,4%	46 636 €+39,8%	33 358 €+49,2%	22 358 €
Total liabilities	217 846 €−3,9%	226 768 €−1,6%	230 452 €+2,3%	225 277 €−14,7%	264 035 €+18,8%	222 212 €−6,0%	236 397 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	3 825 €+2 150%	170 €+212%	-152 €−145%	337 €−98,6%	24 704 €−19,2%	30 565 €+41,4%	21 615 €
Net profit	159 €−95,6%	3 655 €+1 028%	324 €+166%	-489 €+98,0%	-24 367 €−316%	-5 861 €−165%	8 950 €
Equity	12 995 €+1,2%	12 836 €+39,8%	9 183 €+3,7%	8 859 €−5,2%	9 348 €−72,3%	33 715 €−14,8%	39 576 €
Turnover	1 283 458 €−20,8%	1 620 625 €+12,9%	1 436 035 €−10,6%	1 606 449 €+16,6%	1 377 803 €+2,0%	1 351 011 €−9,2%	1 487 324 €
Profit margin	0,0%	0,2%	0,0%	-0,0%	-1,8%	-0,4%	0,6%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	21 396 €	-3 287 €
Liquidity
Current ratio	0,9	1,0
Quick ratio	0,3	0,7
Cash ratio	0,0	0,2
Efficiency
Days sales outstanding (dso)	15,8	27,4
Asset turnover	6,3	5,2
Structure
Debt ratio	1,0	1,0
Profitability
Operating margin	0,2%	-1,5%
Net profit margin	-0,0%	-1,8%
Return on assets (roa)	-0,2%	-9,2%
Return on equity (roe)	-5,5%	-260,7%

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Licences & notices


Notice of economic activity	EH10293753-0001	Construction	Valid	11.03.2003	-
Notice of economic activity	EP10293753-0001	Construction	Valid	11.03.2003	-

Regulations


Ä 40005261 / 9	02.09.2023	Entry – Amendment entry	-	Entered into force02.09.2023
Ä 40005261 / 8	19.01.2018	Entry – Amendment entry	-	Entered into force19.01.2018
Ä 40005261 / 7	05.12.2017	Entry – Amendment entry	-	Entered into force05.12.2017
Ä 40005261 / 6	17.06.2014	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force17.06.2014
Ä 40005261 / 5	03.01.2012	Entry – Amendment entry	-	Entered into force03.01.2012

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-09-26090/17	Kohtu I astme menetlus	Court ruling	Law of obligations	Ruth Sild	ECLI:EE:PMK:2009:2.09.26090.42918	19.10.2009	Open

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


28.08.2026	Aktsiaselts Rakvere Haigla	299,81 €Received	OPERATING EXPENSESGeneral hospital services
24.08.2026	Sihtasutus Rakvere Teatrimaja	391 €Received	OPERATING EXPENSESTheatres
03.08.2026	Vinni Vallavalitsus	3 533 €Received	OPERATING EXPENSESGeneral care service provided outside the home
09.07.2026	Rakvere Vallavalitsus	347,96 €Received	OPERATING EXPENSESPre-primary education
09.07.2026	Rakvere Linnavalitsus	134,11 €Received	OPERATING EXPENSESPre-primary education

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


15.01.2026	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	503,33 €	231580/2600351
15.03.2025	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	2 351,45 €	231580/2501351

Public procurement contracts


02.12.2024End 30.11.2025	Korterelamu Järve 4 Roela terviklik rekonstrueermineReference number 270273 · EHITUSTÖÖDE TÖÖVÕTULEPING	Vinni vald, Roela alevik, Järve tn 4 korteriühistuContracting authority	1 319 850 €	Completed
04.04.2024End 03.06.2025	Korterelamu Rakvere tee 5 Kadrina terviklik rekonstrueerimineReference number 270272 · EHITUSTÖÖDE TÖÖVÕTULEPING	Kadrina vald, Kadrina alevik, Rakvere tee 5 korteriühistuContracting authority	972 630 €	Completed
07.09.2015End 15.10.2017	Rakvere Targa Maja maasoojuspumba soetamineReference number 166086 · TÖÖVÕTULEPING NR. 040915	SIHTASUTUS VIRUMAA KOMPETENTSIKESKUSContracting authority	21 999,20 €	Completed
19.10.2012End 30.11.2012	Maidla Kooli maasoojuspumbal baseeruva küttesüsteemi ehitamineReference number 138197 · Ehitustööde töövõtuleping nr 66	Maidla VallavalitsusContracting authority	68 049 €	Completed

.ee domains


verx.ee	Active	04.07.2010	16.11.2027

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.