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 (22 y)
Capital:: 63 900 EUR
Address:: Liivalaia tn 13, Kesklinna linnaosa, Tallinn, Harju maakond, 10118
Status:: Registered

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Contacts

Phone:: +372 6671560
Email:: ece@arealis.com

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Industries

Real estate activities
68201 – Renting and operating of own or leased real estate

Industry TOPNo. 276 of 5434 companies

1.BLRT Grupp AS195.8M €
2.Riigi Kinnisvara Aktsiaselts150.1M €
3.SEALTES Nuia OÜ30M €
4.Ülemiste Center OÜ28.3M €
5.A3 Arendus OÜ27M €
6.Kinnisvaravalduse AS25.7M €
7.Vägeva 2 OÜ24.9M €
8.TKM Kinnisvara AS23.5M €
9.ROCCA al MARE KAUBANDUSKESKUSE AKTSIASELTS21.3M €
10.TÜC Majad AS20.3M €

276.Aktsiaselts ECE European City Estates1.5M €

Main activity 68201 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100940015	16.12.2004	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	24.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	19.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	20.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	28.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	09.07.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	28.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	26.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	29.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	30.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	30.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	30.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	28.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	28.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	30.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	22.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	26.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	27.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	28.06.2007	Valid	PDF
2005	11.08.2004 – 31.12.2005	21.06.2006	Valid	PDF

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No unsubmitted declarations as of 11.11.2026.

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Tax debt Reports Declarations Court decisions–Official announcements3 TTJA decisions–Real estate2 .ee domains1 Licenses–Regulations25 Public transactions–Grants–State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	63 420 €	15 360 €	331 371 €−10,3%	1
2026 Q2	70 815 €	14 722 €	369 588 €+10,2%	1
2026 Q1	74 048 €	14 253 €	335 368 €−22,2%	-
Total 2026:	208 283 €	44 335 €	1,04 M €
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%	-
Total 2025:	289 350 €	46 832 €	1,46 M €
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%	-
Total 2024:	193 031 €	0 €	1,50 M €
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%	-
Total 2023:	137 472 €	0 €	1,42 M €
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%	-
Total 2022:	112 668 €	0 €	876 928 €
2021 Q4	31 701,71 €	0 €	213 240,94 €+0,4%	-
2021 Q3	29 053,76 €	0 €	212 291,64 €−7,2%	-
2021 Q2	29 059,89 €	0 €	228 698,83 €+5,9%	-
2021 Q1	27 767,70 €	0 €	215 947,10 €−10,3%	-
Total 2021:	117 583,06 €	0 €	870 178,51 €
2020 Q4	29 732,88 €	0 €	240 859,18 €+5,6%	-
2020 Q3	34 079,51 €	0 €	228 058,34 €−19,4%	-
2020 Q2	38 918,59 €	0 €	283 085,47 €−21,7%	-
2020 Q1	40 381 €	0 €	361 518 €−18,4%	0
Total 2020:	143 111,98 €	0 €	1,11 M €
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
Total 2019:	195 113 €	0 €	1,51 M €
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
Total 2018:	204 604 €	0 €	1,35 M €
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
Total 2017:	186 689 €	0 €	1,36 M €
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
Total 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
Total 2015:	172 829 €	0 €	0 €

Revenue by industry

	2023	2024	2025
Renting and operating of own or leased real estate	1 421 214 €	1 401 447 €	1 441 857 €

Tax debts

No tax debt found

No tax debt as of 15.09.2026

Representatives

	Personal ID code
Andre Luman	38407XXXXXX	24.07.1984 (42)	Board member	21.10.2019	-
Toomas Luman	35910XXXXXX	30.10.1959 (67)	Board member	29.08.2017	-

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Shareholders

	Personal ID code
AS Nordic Contractors	10359185	06.01.1998 (28)	Shareholder	63 900 EUR	100,00%	Sole ownership	30.10.2025	-

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Other persons

	Personal ID code
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	10096082	22.11.1996 (29)	Audit firm	19.05.2011	-
Andris Jegers	37003XXXXXX	18.03.1970 (56)	Audit firm	04.05.2010	-

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Ultimate beneficial owners

	Personal ID code
Egon Mats	35403XXXXXX	02.03.1954 (72)	Indirect holding	31.10.2018	-
Liivi Luman	46009XXXXXX	07.09.1960 (66)	Indirect holding	31.10.2018	-
Toomas Luman	35910XXXXXX	30.10.1959 (67)	Indirect holding	29.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

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2026 Q3

Turnover

Amount: 331 371 €
Monthly average: 110 457 €
Per employee: 110 457 €
Equity ratio: 172,86%

Labour taxes

Turnover ratio: 4,64%
Tax ratio: 24,22%
Monthly average: 5 120 €
Per employee: 5 120 €

State taxes

Monthly average: 21 140 €
Turnover ratio: 19,14%

Estimated salary

Gross salary: 8 927 €
Net salary: 6 867 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	217 150 €−91,2%	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	13 216 065 €−38,2%	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	13 433 215 €−43,6%	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	1 991 625 €+237%	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	8 151 149 €−8,0%	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	10 142 774 €+7,3%	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	63 900 €	63 912 €	63 912 €	63 912 €	63 912 €	63 912 €	63 912 €
Retained earnings	3 395 222 €−74,5%	13 295 510 €−3,8%	13 819 345 €−0,1%	13 840 074 €−0,9%	13 962 981 €+2,5%	13 628 163 €+7,5%	12 677 051 €
Net profit	-176 096 €−117%	1 016 957 €+294%	-523 835 €−2 427%	-20 729 €+83,1%	-122 907 €−137%	334 818 €−64,8%	951 112 €
Equity	3 290 441 €−77,1%	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	1 441 857 €+2,9%	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	-12,2%	72,6%	-36,9%	-2,3%	-14,0%	32,6%	74,1%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	4,2	3,8
Quick ratio	4,2	3,8
Cash ratio	0,1	0,0
Efficiency
Days sales outstanding (dso)	2 696,2	2 753,8
Asset turnover	0,0	0,0
Structure
Debt ratio	0,4	0,4
Profitability
Operating margin	11,4%	-6,8%
Net profit margin	-2,3%	-14,0%
Return on assets (roa)	-0,1%	-0,5%
Return on equity (roe)	-0,1%	-0,9%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10081422 / M8	14.01.2026	Order to remedy deficiencies – Second, constitutive merger entry (on acquiring entity’s registry card)	13.02.2026	Deficiencies remedied14.01.2026
Ä 10081422 / 17	14.01.2026	Entry – Second, constitutive merger entry (on acquiring entity’s registry card)	-	Entered into force14.01.2026
Ä 10081422 / 16	20.10.2025	Entry – Amendment entry	-	Entered into force20.10.2025
Ä 10081422 / 15	21.10.2019	Entry – Amendment entry	-	Entered into force21.10.2019
Ä 10081422 / M7	10.10.2019	Order to remedy deficiencies – Amendment entry	09.11.2019	Deficiencies remedied21.10.2019

Real estate

		Purpose
Liivalaia tn 13, Kesklinna linnaosa, Tallinn, Harju maakond	1232 m²	Commercial land 100%
Tatari tn 38, Kesklinna linnaosa, Tallinn, Harju maakond	946 m²	Commercial 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


Notice of company merger	15.01.2026	PDF
Notice of conclusion of a public limited company merger agreement	12.11.2025	PDF
Notice of conclusion of a public limited company merger agreement	12.11.2025	PDF

Public transactions

No public transactions found

Company has no public transactions

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


aeronautica.ee	Active	04.07.2010	04.11.2028

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.