Osaühing Principal

Legal form:: Private limited company
Registry code:: 10508024
VAT no.:: EE100481587
Fiscal-year period:: 01.01 - 31.12
Established:: 24.11.1998 (27 y)
Former business names:: Osaühing Nortik-Est
Capital:: 2 556 EUR
Address:: Lodjapuu tee 21, Pirita linnaosa, Tallinn, Harju maakond, 12112
Status:: Registered

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Contacts

Phone:: +372 5175440
Email:: aivo.varem@principal.ee

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Industries

Industry TOPNo. 183 of 743 companies

183.Osaühing Principal125k €

Main activity 93291 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100481587	01.12.1998	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	30.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	30.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	06.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	29.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	17.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	30.06.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	19.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	25.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	27.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	15.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	30.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	26.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	19.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	18.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	16.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	18.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	17.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	10.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	25.05.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	29.06.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	08.07.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	30.06.2004	Valid	PDF
2001	01.01.2001 – 31.12.2001	16.09.2002	Valid	PDF
2000	01.01.2000 – 31.12.2000	29.06.2001	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 21.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate2 .ee domains1 Licenses–Regulations8 Public transactions3 Grants1 State aid1 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	4 361 €	308 €	44 667 €+129%	-
2026 Q2	1 578 €	308 €	19 538 €−18,5%	-
2026 Q1	3 566 €	308 €	23 982 €−34,8%	-
Total 2026:	9 505 €	924 €	88 187 €
2025 Q4	3 705 €	308 €	36 806 €+126%	-
2025 Q3	1 482 €	308 €	16 309 €−6,8%	-
2025 Q2	4 956 €	308 €	17 498 €−28,7%	-
2025 Q1	3 028 €	306 €	24 535 €+470%	-
Total 2025:	13 171 €	1 230 €	95 148 €
2024 Q4	483 €	301 €	4 304 €−30,7%	-
2024 Q3	492 €	301 €	6 213 €−56,6%	-
2024 Q2	683 €	301 €	14 301 €−66,1%	-
2024 Q1	4 608 €	301 €	42 187 €−33,6%	-
Total 2024:	6 266 €	1 204 €	67 005 €
2023 Q4	5 934 €	301 €	63 505 €+11,2%	-
2023 Q3	4 403 €	235 €	57 096 €+230%	-
2023 Q2	2 355 €	235 €	17 295 €−73,7%	-
2023 Q1	6 274 €	235 €	65 744 €+119%	-
Total 2023:	18 966 €	1 006 €	203 640 €
2022 Q4	3 660 €	261 €	30 062 €−21,0%	-
2022 Q3	575 €	327 €	38 074 €−51,0%	-
2022 Q2	11 554 €	313 €	77 767 €+147%	-
2022 Q1	3 136 €	1 913 €	31 510 €−49,9%	-
Total 2022:	18 925 €	2 814 €	177 413 €
2021 Q4	4 250,60 €	538,75 €	62 920,29 €+18,2%	1
2021 Q3	0 €	312,90 €	53 236,99 €+411%	1
2021 Q2	0 €	339,68 €	10 424,20 €+33,3%	-
2021 Q1	0 €	312,90 €	7 820,34 €−83,5%	-
Total 2021:	4 250,60 €	1 504,23 €	134 401,82 €
2020 Q4	6 449,03 €	2 257,81 €	47 309,62 €+41,0%	-
2020 Q3	2 948,07 €	1 005,26 €	33 555,47 €+449%	1
2020 Q2	1 770,19 €	1 529,32 €	6 112,17 €−92,4%	1
2020 Q1	5 519 €	2 070 €	80 352 €+11,6%	1
Total 2020:	16 686,29 €	6 862,39 €	167 329,26 €
2019 Q4	5 600 €	2 086 €	71 975 €−4,4%	1
2019 Q3	5 706 €	2 067 €	75 256 €+207%	1
2019 Q2	2 598 €	2 072 €	24 507 €−82,4%	1
2019 Q1	6 803 €	2 081 €	139 280 €+60,9%	1
Total 2019:	20 707 €	8 306 €	311 018 €
2018 Q4	4 289 €	2 107 €	86 537 €−15,8%	1
2018 Q3	8 454 €	1 677 €	102 760 €+41,6%	1
2018 Q2	7 701 €	2 073 €	72 572 €−11,6%	1
2018 Q1	4 229 €	1 999 €	82 097 €+82,3%	1
Total 2018:	24 673 €	7 856 €	343 966 €
2017 Q4	4 278 €	1 883 €	45 034 €−66,2%	1
2017 Q3	7 124 €	1 610 €	133 303 €+87,3%	1
2017 Q2	8 694 €	1 467 €	71 154 €−25,6%	1
2017 Q1	8 689 €	1 911 €	95 573 €+41,7%	1
Total 2017:	28 785 €	6 871 €	345 064 €
2016 Q4	3 236 €	1 931 €	67 431 €+1,2%	1
2016 Q3	4 123 €	1 908 €	66 628 €+1,6%	1
2016 Q2	3 835 €	1 878 €	65 594 €−0,2%	1
2016 Q1	4 517 €	1 882 €	65 706 €−6,4%	1
Total 2016:	15 711 €	7 599 €	265 359 €
2015 Q4	3 273 €	1 920 €	70 165 €+1,7%	1
2015 Q3	5 608 €	1 888 €	69 007 €	1
2015 Q2	6 280 €	1 888 €	69 007 €−0,9%	1
2015 Q1	3 540 €	1 906 €	69 658 €	1
Total 2015:	18 701 €	7 602 €	277 837 €

Revenue by industry

	2023	2024	2025
Other amusement and recreation activities n.e.c.		51 623 €	80 225 €
Renting and operating of own or leased real estate	24 400 €	11 314 €	7 359 €
Wholesale brokerage of other specific goods			1 634 €
Other business support service activities n.e.c.	21 009 €	7 069 €	209 €
Other amusement and leisure activities n.e.c.	125 070 €
Other information technology and computer service activities	16 312 €
Intermediation of other specific goods	13 333 €
Media advertising brokerage	2 030 €

Tax debts

No tax debt found

No tax debt as of 21.10.2026

Representatives

	Personal ID code
Aivo Varem	36601XXXXXX	07.01.1966 (60)	Board member	24.11.1998	-

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Shareholders

	Personal ID code
Aivo Varem	36601XXXXXX	07.01.1966 (60)	Shareholder	2 556 EUR	100,00%	Sole ownership	01.09.2023	-

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Other persons

	Personal ID code
Aivo Varem	36601XXXXXX	07.01.1966 (60)	Founder	24.11.1998	-

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Ultimate beneficial owners

	Personal ID code
Aivo Varem	36601XXXXXX	07.01.1966 (60)	Direct holding	01.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 44 667 €
Monthly average: 14 889 €
Per employee: -
Equity ratio: 582,51%

Labour taxes

Turnover ratio: 0,69%
Tax ratio: 7,06%
Monthly average: 103 €
Per employee: -

State taxes

Monthly average: 1 454 €
Turnover ratio: 9,76%

Estimated salary

Gross salary: -
Net salary: -

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	22 793 €−54,0%	49 501 €−26,9%	67 743 €+62,9%	41 581 €+55,7%	26 702 €+26,9%	21 050 €−57,4%	49 447 €
Non-current assets	91 509 €+13,5%	80 607 €+0,3%	80 346 €−9,8%	89 083 €−0,2%	89 218 €+83,5%	48 626 €+295%	12 301 €
Total assets	114 302 €−12,1%	130 108 €−12,1%	148 089 €+13,3%	130 664 €+12,7%	115 920 €+66,4%	69 676 €+12,8%	61 748 €
Short-term liabilities	4 533 €−62,3%	12 028 €+64,0%	7 333 €+38,5%	5 296 €−25,9%	7 147 €−44,5%	12 874 €+91,1%	6 737 €
Long-term liabilities	50 312 €+42,5%	35 311 €−20,3%	44 311 €−25,5%	59 511 €−26,3%	80 753 €	-	-
Total liabilities	54 845 €+15,9%	47 339 €−8,3%	51 644 €−20,3%	64 807 €−26,3%	87 900 €+583%	12 874 €+91,1%	6 737 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	79 957 €−14,6%	93 633 €+48,5%	63 045 €+150%	25 208 €−53,3%	53 990 €+3,4%	52 199 €−49,3%	103 024 €
Net profit	-23 312 €−70,5%	-13 676 €−145%	30 588 €−19,2%	37 837 €+231%	-28 782 €−1 707%	1 791 €+104%	-50 825 €
Equity	59 457 €−28,2%	82 769 €−14,2%	96 445 €+46,4%	65 857 €+135%	28 020 €−50,7%	56 802 €+3,3%	55 011 €
Turnover	89 427 €+27,7%	70 006 €−65,4%	202 154 €−7,1%	217 603 €+33,3%	163 235 €+33,6%	122 202 €−58,6%	295 269 €
Profit margin	-26,1%	-19,5%	15,1%	17,4%	-17,6%	1,5%	-17,2%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	38 642 €	-28 057 €
Liquidity
Current ratio	7,9	3,7
Quick ratio	7,9	3,7
Cash ratio	3,6	2,6
Efficiency
Days sales outstanding (dso)	20,6	14,4
Asset turnover	1,8	1,8
Structure
Debt ratio	0,5	0,8
Profitability
Operating margin	17,4%	-17,6%
Net profit margin	17,4%	-17,6%
Return on assets (roa)	30,7%	-31,0%
Return on equity (roe)	57,5%	-102,7%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10036326 / 10	01.09.2023	Entry – Amendment entry	-	Entered into force01.09.2023
Ä 10036326 / 9	26.10.2020	Entry – Amendment entry	-	Entered into force26.10.2020
Ä 10036326 / 8	17.01.2018	Entry – Amendment entry	-	Entered into force17.01.2018
Ä 10036326 / 7	07.11.2017	Entry – Amendment entry	-	Entered into force07.11.2017
Ä 10036326 / 6	31.08.2016	Entry – Amendment entry	-	Entered into force31.08.2016

Real estate

		Purpose
Adometsa, Kantsi küla, Muhu vald, Saare maakond	24 192 m²	Agricultural land 100%
Vana-Tamme, Suuremõisa küla, Muhu vald, Saare maakond	39 138 m²	Agricultural land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


10.01.2022	Kesklinna Vaba Aja Keskus	120 €Received	OPERATING EXPENSESFolk culture
06.09.2021	Rae Vallavalitsus	33 827,76 €Received	OPERATING EXPENSESBasic and general secondary education
15.06.2021	Rae Vallavalitsus	3 600 €Received	OPERATING EXPENSESBasic and general secondary education

Funded projects


Internetiturundus praktikas1.4.0501.10-2805	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	10.06.2010 – 02.06.20112007-2013	958,67 €	958,67 €	Completed

State aid


13.10.2023	Riigi Tugiteenuste KeskusAid measure 16562	Regionaalareng (VTA) › MuuGrant	7,81 €	16562/2300934

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


principal.ee	Active	04.07.2010	28.09.2027

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.