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Aktsiaselts ECE European City Estates

Legal form:

Public limited company

Registry code:

11059628

VAT no.:

EE100940015

Fiscal-year period:

01.01 - 31.12

Established:

11.08.2004 (21)

Capital:

63 900 EUR

Address:

Liivalaia tn 13, Kesklinna linnaosa, Tallinn, Harju maakond, 10118

Status:

Registered

Contacts

Email:

ece@arealis.com

Phone:

+372 6671560

Industries

REAL ESTATE ACTIVITIES
Real estate activities
68201 - Renting and operating of own or leased real estate

VAT liability

	Start	End
EE100940015	16.12.2004

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	Due date 30.06.2026
2024	01.01.2024 - 31.12.2024	19.06.2025	Valid
2023	01.01.2023 - 31.12.2023	20.06.2024	Valid
2022	01.01.2022 - 31.12.2022	30.06.2023	Valid
2021	01.01.2021 - 31.12.2021	28.06.2022	Valid
2020	01.01.2020 - 31.12.2020	30.06.2021	Valid
2019	01.01.2019 - 31.12.2019	09.07.2020	Valid
2018	01.01.2018 - 31.12.2018	28.06.2019	Valid
2017	01.01.2017 - 31.12.2017	26.06.2018	Valid
2016	01.01.2016 - 31.12.2016	29.06.2017	Valid
2015	01.01.2015 - 31.12.2015	30.06.2016	Valid
2014	01.01.2014 - 31.12.2014	30.06.2015	Valid
2013	01.01.2013 - 31.12.2013	30.06.2014	Valid
2012	01.01.2012 - 31.12.2012	28.06.2013	Valid
2011	01.01.2011 - 31.12.2011	28.06.2012	Valid
2010	01.01.2010 - 31.12.2010	30.06.2011	Valid
2009	01.01.2009 - 31.12.2009	22.06.2010	Valid
2008	01.01.2008 - 31.12.2008	26.06.2009	Valid
2007	01.01.2007 - 31.12.2007	27.06.2008	Valid
2006	01.01.2006 - 31.12.2006	28.06.2007	Valid
2005	11.08.2004 - 31.12.2005	21.06.2006	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 07.06.2026.

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Credit rating

Hidden

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	74 048 €	14 253 €	335 368 €22.2%	-
Kokku 2026:	74 048 €	14 253 €	335 368 €
2025 Q4	96 274 €	14 253 €	430 963 €32.7%	-
2025 Q3	70 349 €	14 253 €	324 852 €6.0%	-
2025 Q2	66 004 €	13 801 €	345 525 €4.6%	-
2025 Q1	56 723 €	4 525 €	362 339 €0.7%	-
Kokku 2025:	289 350 €	46 832 €	1 463 679 €2.2%
2024 Q4	46 671 €	0 €	359 957 €11.2%	-
2024 Q3	40 037 €	0 €	405 423 €16.2%	-
2024 Q2	59 343 €	0 €	349 048 €8.6%	-
2024 Q1	46 980 €	0 €	381 812 €5.0%	-
Kokku 2024:	193 031 €	0 €	1 496 240 €5.2%
2023 Q4	24 815 €	0 €	363 562 €9.8%	-
2023 Q3	36 014 €	0 €	331 216 €7.5%	-
2023 Q2	37 317 €	0 €	358 096 €3.1%	-
2023 Q1	39 326 €	0 €	369 741 €35.0%	-
Kokku 2023:	137 472 €	0 €	1 422 615 €62.2%
2022 Q4	38 620 €	0 €	273 963 €44.7%	-
2022 Q3	21 796 €	0 €	189 352 €6.4%	-
2022 Q2	19 728 €	0 €	202 380 €4.2%	-
2022 Q1	32 524 €	0 €	211 233 €0.9%	-
Kokku 2022:	112 668 €	0 €	876 928 €0.8%
2021 Q4	31 702 €	0 €	213 241 €0.4%	-
2021 Q3	29 054 €	0 €	212 292 €7.2%	-
2021 Q2	29 060 €	0 €	228 699 €5.9%	-
2021 Q1	27 768 €	0 €	215 947 €10.3%	-
Kokku 2021:	117 583 €	0 €	870 179 €21.9%
2020 Q4	29 733 €	0 €	240 859 €5.6%	-
2020 Q3	34 080 €	0 €	228 058 €19.4%	-
2020 Q2	38 919 €	0 €	283 085 €21.7%	-
2020 Q1	40 381 €	0 €	361 518 €18.4%	0
Kokku 2020:	143 112 €	0 €	1 113 521 €26.3%
2019 Q4	39 263 €	0 €	443 064 €15.8%	0
2019 Q3	52 806 €	0 €	382 490 €11.4%	0
2019 Q2	52 111 €	0 €	343 212 €0.1%	0
2019 Q1	50 933 €	0 €	342 818 €3.6%	0
Kokku 2019:	195 113 €	0 €	1 511 584 €11.9%
2018 Q4	50 458 €	0 €	330 882 €0.3%	0
2018 Q3	48 917 €	0 €	329 776 €4.7%	0
2018 Q2	56 365 €	0 €	346 021 €0.4%	0
2018 Q1	48 864 €	0 €	344 511 €2.4%	0
Kokku 2018:	204 604 €	0 €	1 351 190 €0.5%
2017 Q4	54 233 €	0 €	336 556 €1.6%	0
2017 Q3	49 061 €	0 €	331 365 €2.3%	0
2017 Q2	33 226 €	0 €	339 289 €3.1%	0
2017 Q1	50 169 €	0 €	350 129 €	0
Kokku 2017:	186 689 €	0 €	1 357 339 €
2016 Q4	53 700 €	0 €	0 €	0
2016 Q3	36 147 €	0 €	0 €	0
2016 Q2	38 317 €	0 €	0 €	0
2016 Q1	47 053 €	0 €	0 €	0
Kokku 2016:	175 217 €	0 €	0 €
2015 Q4	39 582 €	0 €	0 €	0
2015 Q3	44 038 €	0 €	0 €	0
2015 Q2	39 200 €	0 €	0 €	0
2015 Q1	50 009 €	0 €	0 €	0
Kokku 2015:	172 829 €	0 €	0 €

Revenue by industry

	2022	2023	2024
Renting and operating of own or leased real estate	888 112 €	1 421 214 €	1 401 447 €

Tax debts

No tax debt found

No tax debt as of 07.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Andre Luman	38407XXXXXX	24.07.1984 (41)	Board member	21.10.2019	-
Toomas Luman	35910XXXXXX	30.10.1959 (66)	Board member	29.08.2017	-

4 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
AS Nordic Contractors	-	06.01.1998 (28)	Shareholder	63 900,00 EUR	100	Sole ownership	30.10.2025	-

12 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Andri Hõbemägi	37203XXXXXX	16.03.1972 (54)	Chairman of the supervisory board	28.10.2025	-
Vello Kahro	35802XXXXXX	25.02.1958 (68)	Supervisory-board member	27.12.2022	-
Jan Luman	38701XXXXXX	30.01.1987 (39)	Supervisory-board member	20.07.2022	-
Kpmg Baltics Oü	-	-	Audit firm	19.05.2011	-
Andris Jegers	37003XXXXXX	18.03.1970 (56)	Audit firm	04.05.2010	-

11 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 7 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Egon Mats	35403XXXXXX	02.03.1954 (72)	Indirect holding	31.10.2018	-
Liivi Luman	46009XXXXXX	07.09.1960 (65)	Indirect holding	31.10.2018	-
Toomas Luman	35910XXXXXX	30.10.1959 (66)	Indirect holding	29.10.2018	-

1 - 3 / 3 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

1 inactive record hidden, extended access to the information portal is required to view history!

2026 Q1

Turnover

Amount

335 368 €

Monthly average

111 789 €

Per employee

0 €

Equity ratio

174,94%

Labour taxes

Turnover ratio

4,25%

Tax ratio

19,25%

Monthly average

4 751 €

Per employee

0 €

State taxes

Monthly average

24 683 €

Turnover ratio

22,08%

Estimated salary

Gross salary

0 €

Net salary

0 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	2 466 832 €11.2%	2 217 406 €12.8%	1 966 312 €13.5%	1 732 943 €17.2%	1 478 992 €0.6%	1 469 451 €
Non-current assets	21 369 600 €6.9%	19 982 228 €3.5%	20 707 248 €1.6%	21 037 620 €2.8%	21 651 164 €2.2%	22 139 376 €
Total assets	23 836 432 €7.4%	22 199 634 €2.1%	22 673 560 €0.4%	22 770 564 €1.6%	23 130 156 €2.0%	23 608 828 €
Short-term liabilities	590 813 €3.7%	569 705 €20.9%	471 307 €4.4%	451 477 €1.3%	445 488 €4.2%	465 186 €
Long-term liabilities	8 862 848 €7.2%	8 264 116 €0.6%	8 312 604 €1.1%	8 408 710 €2.8%	8 651 384 €8.4%	9 445 175 €
Total liabilities	9 453 661 €7.0%	8 833 821 €0.6%	8 783 911 €0.9%	8 860 187 €2.6%	9 096 872 €8.2%	9 910 361 €
Share or stock capital	63 912 €	63 912 €	63 912 €	63 912 €	63 912 €	63 912 €
Retained earnings	13 301 901 €3.8%	13 825 736 €0.1%	13 846 465 €0.9%	13 969 372 €2.5%	13 634 554 €7.5%	12 683 442 €
Net profit	1 016 957 €294.1%	-523 835 €2 427.1%	-20 729 €83.1%	-122 907 €136.7%	334 818 €64.8%	951 112 €
Equity	14 382 770 €7.6%	13 365 813 €3.8%	13 889 648 €0.1%	13 910 377 €0.9%	14 033 284 €2.4%	13 698 466 €
Turnover	1 401 447 €1.4%	1 421 214 €60.0%	888 112 €1.2%	877 158 €14.5%	1 025 721 €20.1%	1 283 793 €
Profit margin	72.56%296.9%	-36.86%1 479.2%	-2.33%83.3%	-14.01%142.9%	32.64%55.9%	74.09%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-	-	-	-	-
Liquidity
Current ratio	O.H	W.G	E.A	3.8	3.3
Quick ratio	A.N	A.S	H.H	3.8	3.3
Cash ratio	L.O	M.L	X.F	0.0	0.0
Efficiency
Days sales outstanding (dso)	S PVQ.P	M JIQ.W	J FJV.J	2 753.8	2 395.8
Asset turnover	K.T	Q.E	U.W	0.0	0.0
Structure
Debt ratio	Y.C	I.W	X.R	0.4	0.4
Profitability
Operating margin	XLF.P%	-SW.O%	CF.S%	-6.8%	35.5%
Net profit margin	MG.P%	-EU.Z%	-A.Z%	-14.0%	32.6%
Return on assets (roa)	Z.S%	-O.T%	-Y.X%	-0.5%	1.4%
Return on equity (roe)	U.M%	-V.H%	-E.R%	-0.9%	2.4%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 10081422 / M8	14.01.2026	Order to remedy deficiencies - Second, constitutive merger entry (on acquiring entity’s registry card)	13.02.2026	Deficiencies remedied (14.01.2026)
Ä 10081422 / 17	14.01.2026	Entry - Second, constitutive merger entry (on acquiring entity’s registry card)		Entered into force (14.01.2026)
Ä 10081422 / 16	20.10.2025	Entry - Amendment entry		Entered into force (20.10.2025)
Ä 10081422 / 15	21.10.2019	Entry - Amendment entry		Entered into force (21.10.2019)
Ä 10081422 / M7	10.10.2019	Order to remedy deficiencies - Amendment entry	09.11.2019	Deficiencies remedied (21.10.2019)

1 - 5 / 25 rows

Real estate

No real estate found

Company has no real estate

2 inactive record hidden, extended access to the information portal is required to view history!

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Official announcements

Subject	Date
Notice of company merger	15.01.2026
Notice of conclusion of a public limited company merger agreement	12.11.2025
Notice of conclusion of a public limited company merger agreement	12.11.2025

1 - 3 / 3 rows

Public transactions

No public transactions found

Company has no public transactions

.ee domains

Domain	Status	Registered	Expires	End
aeronautica.ee	Active	04.07.2010	04.11.2028	-

1 - 1 / 1 rows

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