MSM OÜ

Legal form:: Private limited company
Registry code:: 11372058
VAT no.:: EE101138774
Fiscal-year period:: 01.01 - 31.12
Established:: 13.04.2007 (19 y)
Former business names:: MSM Arendus OÜ
Capital:: 2 562 EUR
Address:: Ehitajate tee 116, Haabersti linnaosa, Tallinn, Harju maakond, 13517
Status:: Registered

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Contacts

Phone:: +372 6140821
Email:: info@msmarendus.ee

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Industries

CONSTRUCTION
Construction of civil engineering projects
Construction of utility network projects
4221 – Construction of water, gas and sewerage projects

Industry TOPNo. 3 of 54 companies

Main activity 4221 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE101138774	27.04.2007	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	21.07.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	17.07.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	02.08.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	09.07.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	01.10.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	01.09.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	05.07.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	27.08.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	28.08.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	19.08.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	01.07.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	17.09.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	14.10.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	20.12.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	22.02.2012	Valid	PDF
2009	01.01.2009 – 31.12.2009	21.04.2011	Valid	PDF
2008	01.01.2008 – 31.12.2008	30.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	24.10.2008	Valid	PDF

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No unsubmitted declarations found

No unsubmitted declarations as of 19.10.2026.

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Tax debt Reports Declarations Court decisions7 Official announcements3 TTJA decisions–Real estate–.ee domains2 Licenses1 Regulations19 Public transactions54 Grants1 State aid10 Public procurement37 Holdings in companies2 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	252 151 €	91 528 €	5,21 M €+32,6%	18
2026 Q2	255 442 €	92 047 €	3,93 M €+121%	17
2026 Q1	157 384 €	92 071 €	1,78 M €+1,5%	17
Total 2026:	664 977 €	275 646 €	10,9 M €
2025 Q4	221 413 €	104 286 €	1,76 M €−9,7%	17
2025 Q3	253 021 €	103 112 €	1,95 M €+29,4%	17
2025 Q2	188 901 €	92 996 €	1,50 M €−38,3%	17
2025 Q1	285 542 €	92 105 €	2,44 M €−15,0%	16
Total 2025:	948 877 €	392 499 €	7,64 M €
2024 Q4	160 118 €	88 226 €	2,87 M €+62,9%	16
2024 Q3	180 527 €	91 005 €	1,76 M €+45,7%	16
2024 Q2	117 777 €	85 199 €	1,21 M €+18,9%	15
2024 Q1	198 984 €	85 059 €	1,02 M €−62,9%	15
Total 2024:	657 406 €	349 489 €	6,85 M €
2023 Q4	150 535 €	82 359 €	2,74 M €+6,5%	15
2023 Q3	148 518 €	79 249 €	2,57 M €+53,1%	15
2023 Q2	123 554 €	64 760 €	1,68 M €+173%	15
2023 Q1	110 620 €	58 573 €	613 937 €−43,5%	15
Total 2023:	533 227 €	284 941 €	7,60 M €
2022 Q4	184 354 €	68 431 €	1,09 M €−48,5%	13
2022 Q3	247 015 €	70 531 €	2,11 M €+82,1%	14
2022 Q2	76 713 €	61 158 €	1,16 M €+2,8%	13
2022 Q1	148 906 €	87 144 €	1,13 M €−48,7%	13
Total 2022:	656 988 €	287 264 €	5,48 M €
2021 Q4	178 694,29 €	82 912,14 €	2,20 M €+28,4%	22
2021 Q3	124 233,42 €	83 899,33 €	1,71 M €+34,6%	23
2021 Q2	106 090,37 €	70 676,31 €	1,27 M €+42,9%	22
2021 Q1	79 573,67 €	62 626,70 €	890 151,14 €−19,7%	20
Total 2021:	488 591,75 €	300 114,48 €	6,07 M €
2020 Q4	72 312,08 €	53 700,01 €	1,11 M €+64,0%	18
2020 Q3	94 851,31 €	52 512,06 €	676 325,80 €+5,9%	15
2020 Q2	66 374,86 €	49 552,77 €	638 818,18 €−13,9%	15
2020 Q1	97 691 €	58 174 €	741 739 €−27,4%	15
Total 2020:	331 229,25 €	213 938,84 €	3,17 M €
2019 Q4	143 640 €	62 291 €	1,02 M €+35,3%	15
2019 Q3	81 122 €	40 580 €	755 621 €+34,8%	14
2019 Q2	83 079 €	37 496 €	560 519 €+56,9%	13
2019 Q1	103 815 €	36 808 €	357 173 €−56,5%	13
Total 2019:	411 656 €	177 175 €	2,70 M €
2018 Q4	106 859 €	37 096 €	820 423 €+20,6%	15
2018 Q3	111 111 €	41 291 €	680 183 €−11,1%	13
2018 Q2	58 739 €	31 097 €	765 202 €+167%	14
2018 Q1	110 545 €	29 127 €	286 465 €−88,7%	11
Total 2018:	387 254 €	138 611 €	2,55 M €
2017 Q4	370 438 €	33 656 €	2,54 M €+49,6%	10
2017 Q3	91 794 €	34 328 €	1,70 M €−25,8%	12
2017 Q2	227 963 €	29 311 €	2,29 M €+400%	12
2017 Q1	75 780 €	17 900 €	458 390 €−31,7%	12
Total 2017:	765 975 €	115 195 €	6,99 M €
2016 Q4	56 906 €	21 048 €	671 409 €+8,5%	8
2016 Q3	63 047 €	19 404 €	618 984 €+0,4%	8
2016 Q2	39 873 €	19 332 €	616 682 €−12,7%	8
2016 Q1	47 224 €	22 137 €	706 170 €+27,5%	8
Total 2016:	207 050 €	81 921 €	2,61 M €
2015 Q4	49 235 €	23 957 €	553 671 €−0,4%	10
2015 Q3	55 708 €	24 057 €	555 990 €−4,9%	10
2015 Q2	110 942 €	25 284 €	584 333 €+1,3%	10
2015 Q1	28 411 €	24 967 €	577 017 €	10
Total 2015:	244 296 €	98 265 €	2,27 M €

Revenue by industry

	2023	2024	2025
Construction of water, gas and sewerage projects	7 561 488 €	7 554 565 €	6 936 069 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Sven Leppar	38212XXXXXX	18.12.1982 (43)	Board member	27.11.2012	-
Martin Pihlamägi	38301XXXXXX	12.01.1983 (43)	Board member	13.04.2007	-

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Shareholders

	Personal ID code
Sven Leppar	38212XXXXXX	18.12.1982 (43)	Shareholder	1 281 EUR	50,00%	Sole ownership	01.09.2023	-
Martin Pihlamägi	38301XXXXXX	12.01.1983 (43)	Shareholder	1 281 EUR	50,00%	Sole ownership	01.09.2023	-

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Other persons

	Personal ID code
Kalmer Keevend	35702XXXXXX	03.02.1957 (69)	Audit firm	22.02.2012	-
Martin Pihlamägi	38301XXXXXX	12.01.1983 (43)	Founder	13.04.2007	-
Katrin Kaasik	44402XXXXXX	08.02.1944 (82)	Auditor of non-cash contribution	04.04.2007	-

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Ultimate beneficial owners

	Personal ID code
Martin Pihlamägi	38301XXXXXX	12.01.1983 (43)	Direct holding	08.10.2018	-
Sven Leppar	38212XXXXXX	18.12.1982 (43)	Direct holding	08.10.2018	-

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Holdings in companies


H2O OÜ	20.09.2022	Shareholder	1 250 EUR	50,00%	Sole ownership	01.09.2023	-
Spacedrip OÜ	29.09.2020	Shareholder	47 EUR	1,32%	Sole ownership	07.12.2023	-

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2026 Q3

Turnover

Amount: 5 210 977 €
Monthly average: 1 736 992 €
Per employee: 96 500 €
Equity ratio: 67 798,30%

Labour taxes

Turnover ratio: 1,76%
Tax ratio: 36,30%
Monthly average: 30 509 €
Per employee: 1 743 €

State taxes

Monthly average: 84 050 €
Turnover ratio: 4,84%

Estimated salary

Gross salary: 3 166 €
Net salary: 2 535 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	1 757 065 €	1 757 806 €+63,6%	1 074 662 €+15,9%	927 139 €−41,2%	1 576 327 €−17,2%	1 904 371 €+49,5%	1 273 469 €
Non-current assets	471 354 €−6,9%	506 364 €+22,7%	412 555 €+441%	76 257 €−46,0%	141 178 €+3,4%	136 596 €−30,7%	197 210 €
Total assets	2 228 419 €−1,6%	2 264 170 €+52,2%	1 487 217 €+48,2%	1 003 396 €−41,6%	1 717 505 €−15,8%	2 040 967 €+38,8%	1 470 679 €
Short-term liabilities	776 730 €−35,6%	1 205 742 €+49,7%	805 520 €+59,4%	505 486 €−53,0%	1 075 727 €−25,6%	1 446 635 €+67,5%	863 426 €
Long-term liabilities	220 783 €−16,3%	263 872 €+116%	121 886 €+1 104%	10 125 €−89,0%	92 182 €−9,3%	101 649 €−21,8%	129 994 €
Total liabilities	997 513 €−32,1%	1 469 614 €+58,5%	927 406 €+79,9%	515 611 €−55,9%	1 167 909 €−24,6%	1 548 284 €+55,9%	993 420 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	544 938 €+97,2%	276 293 €−2,8%	284 317 €+9,1%	260 654 €−46,8%	489 865 €+3,3%	474 441 €+101%	235 838 €
Net profit	683 150 €+32,5%	515 445 €+89,0%	272 676 €+21,6%	224 313 €+294%	56 913 €+269%	15 424 €−93,5%	238 603 €
Equity	1 230 906 €+54,9%	794 556 €+41,9%	559 811 €+14,8%	487 785 €−11,2%	549 596 €+11,6%	492 683 €+3,2%	477 259 €
Turnover	7 052 928 €−6,6%	7 554 565 €−0,1%	7 561 488 €+45,9%	5 182 834 €−22,7%	6 708 949 €+124%	2 989 753 €+6,0%	2 821 127 €
Profit margin	9,7%	6,8%	3,6%	4,3%	0,8%	0,5%	8,5%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	403 744 €	107 702 €
Liquidity
Current ratio	1,8	1,5
Quick ratio	1,4	1,0
Cash ratio	0,8	0,1
Efficiency
Days sales outstanding (dso)	28,5	30,8
Asset turnover	3,8	3,6
Structure
Debt ratio	0,5	0,7
Profitability
Operating margin	6,9%	0,8%
Net profit margin	4,3%	0,8%
Return on assets (roa)	16,5%	3,0%
Return on equity (roe)	46,0%	10,4%

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Licences & notices


Notice of economic activity	EEH003672	Construction	Valid	13.11.2008	-

Regulations


Ä 10108145 / 12	20.05.2025	Entry – Amendment entry	-	Entered into force20.05.2025
Ä 10108145 / M7	13.05.2025	Order to remedy deficiencies – Amendment entry	28.05.2025	Deficiencies remedied20.05.2025
Ä 10108145 / M6	08.07.2024	Fine-warning order – annual report not filed	07.08.2024	Deficiencies remedied03.08.2024
Ä 10108145 / 11	08.12.2023	Entry – Amendment entry	-	Entered into force08.12.2023
Ä 10108145 / 10	04.12.2023	Entry – Amendment entry	-	Entered into force04.12.2023

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


2-23-3680/84	Kohtu I astme menetlus	Court rulingCompromise ruling	Law of obligations	Janek Väli	ECLI:EE:HMK:2025:2.23.3680.13140	03.09.2025	Open
2-20-13772/41	Apellatsioonmenetlus	Court rulingCompromise ruling	Law of obligations	Kaija Kaijanen, Maris Kuurberg, Vallo Kariler	ECLI:EE:TLRK:2023:2.20.13772.320	25.01.2023	Open
2-21-7059/12	Kohtu I astme menetlus	Court ruling	Law of obligations	Merike Varusk	ECLI:EE:HMK:2021:2.21.7059.19228	30.09.2021	Open
2-17-18805/24	-	Court ruling	Bankruptcy law	Margo Klaar, Kaija Kaijanen, Gaida Kivinurm	ECLI:EE:TLRK:2018:2.17.18805.9771	18.06.2018	Open
2-17-18805/14	Kohtu I astme menetlus	Court ruling	Bankruptcy law	Geete Lahi	ECLI:EE:HMK:2018:2.17.18805.9891	08.03.2018	Open

Official announcements


Notice of granting or refusal of a special water-use permit	31.05.2017	PDF
Notice of disclosure of the draft special water-use permit	12.05.2017	PDF
Notice of initiation of proceedings for a special water-use permit	25.04.2017	PDF

Public transactions


28.08.2026	Saue Vallavalitsus	225 343,90 €Received	NON-CURRENT ASSETSWaste-water treatment
24.08.2026	Harku Vallavalitsus	17 758,91 €Received	NON-CURRENT ASSETSWaste-water treatment
07.08.2026	Osaühing Strantum	11 048,40 €Received	OPERATING EXPENSESOther economy, incl. economic administration
28.07.2026	Saue Vallavalitsus	93 731,74 €Received	NON-CURRENT ASSETSWaste-water treatment
02.07.2026	Saue Vallavalitsus	127 563,14 €Received	NON-CURRENT ASSETSWaste-water treatment

Funded projects


MSM OÜ TOOTEARENDUS2014-2020.4.04.20-1385	Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.09.2020 – 30.06.20222014-2020	616 328 €support 75,0%	491 467,88 €	Completed

State aid


28.09.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 14295	Muu › MuuGuarantee	1 400 €	14295/2600103
30.09.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 14295	Muu › MuuGuarantee	170 €	14295/2500100
30.09.2024	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 14295	Muu › MuuGuarantee	1 279 €	14295/2400143
05.05.2024	Tallinna StrateegiakeskusAid measure 241624	Muu › MuuGrant	1 500 €	241624/2400042
05.10.2020	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Koolitus VTA › Koolitus VTAGrant	0 €	15467/2005520

Public procurement contracts


17.08.2026End 18.07.2027	Reference number 307464 · Töövõtuleping	Osaühing JÄRVE BIOPUHASTUSContracting authority	1 142 203,70 €	Concluded
03.07.2026End 31.10.2027	Reference number 308017 · Töövõtuleping MSM OÜ	Harku VallavalitsusContracting authority	263 370,20 €	Concluded
22.05.2026End 21.07.2027	Reference number 306422 · Töövõtuleping	Aktsiaselts KOVEKContracting authority	832 426 €	Concluded
05.03.2026End 30.09.2026	Reference number 303541 · Töövõtuleping_Rauna tänava piirkonna sademevee-, vee- ja kanalisatsioonitorustiku ehitus	Saue VallavalitsusContracting authority	1 104 701,60 €	Concluded
29.10.2025End 01.03.2026	Reference number 297400 · EHITUSE TÖÖVÕTULEPING	Tallinna Keskkonna- ja KommunaalametContracting authority	56 725 €actual 57 076 €	Completed

.ee domains


msminfra.ee	Active	14.08.2013	15.08.2027
msmarendus.ee	Active	04.07.2010	10.02.2027

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.