Milworks OÜ

Legal form:: Private limited company
Registry code:: 14281480
VAT no.:: EE101987161
Fiscal-year period:: 01.01 - 31.12
Established:: 21.06.2017 (9 y)
Former business names:: Milrem LCM OÜ
Capital:: 25 000 EUR
Address:: Sarruse tn 3, Lasnamäe linnaosa, Tallinn, Harju maakond, 13816
Status:: Registered
E-invoice reception:: Arvekeskus

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Contacts

Phone:: +372 5017856
Email:: info@milworks.ee
Website:: htpps://milworks.ee

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Industries

OTHER SERVICE ACTIVITIES
Repair and maintenance of computers, personal/household goods and motor vehicles
Repair and maintenance of motor vehicles and motorcycles
95311 – Repair and maintenance of motor vehicles
Service activities
Other service activities
96999 – Other services n.e.c.

Industry TOPNo. 19 of 2188 companies

1.Eurostauto OÜ15.2M €
2.OSAÜHING FORSS14.3M €
3.Busland OÜ12.7M €
4.Cargoservice OÜ11.6M €
5.osaühing Windrox9.8M €
6.OSAÜHING CATWEES9.6M €
7.osaühing Jazz Pesulad9.5M €
8.Tireman OÜ7M €
9.Osaühing Hiteh Autoteenindus5.8M €
10.Partshub OÜ5.1M €

19.Milworks OÜ2.7M €

Main activity 95311 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE101987161	01.08.2017	-

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	28.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	28.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	29.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	10.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	15.06.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	13.06.2019	Valid	PDF
2017	21.06.2017 – 31.12.2017	09.07.2018	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions1 Official announcements4 TTJA decisions–Real estate2 .ee domains1 Licenses2 Regulations31 Public transactions839 Grants–State aid2 Public procurement23 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	148 659 €	90 547 €	1,10 M €+50,8%	20
2026 Q2	131 205 €	79 844 €	732 190 €+96,9%	18
2026 Q1	99 057 €	69 097 €	371 887 €−25,2%	17
Total 2026:	378 921 €	239 488 €	2,21 M €
2025 Q4	127 041 €	70 269 €	497 126 €+66,3%	18
2025 Q3	81 482 €	72 111 €	298 993 €−50,3%	16
2025 Q2	118 267 €	85 107 €	602 108 €+7,2%	16
2025 Q1	75 001 €	67 107 €	561 744 €−5,9%	16
Total 2025:	401 791 €	294 594 €	1,96 M €
2024 Q4	88 417 €	71 012 €	597 156 €+15,6%	16
2024 Q3	71 306 €	74 761 €	516 504 €−43,1%	17
2024 Q2	127 674 €	92 549 €	907 441 €−18,8%	17
2024 Q1	82 336 €	75 229 €	1,12 M €−44,0%	18
Total 2024:	369 733 €	313 551 €	3,14 M €
2023 Q4	86 966 €	76 661 €	1,99 M €+61,9%	18
2023 Q3	85 560 €	84 505 €	1,23 M €+4,8%	18
2023 Q2	117 679 €	102 289 €	1,17 M €−19,5%	20
2023 Q1	118 050 €	97 445 €	1,46 M €+35,2%	21
Total 2023:	408 255 €	360 900 €	5,86 M €
2022 Q4	174 521 €	103 993 €	1,08 M €+16,3%	22
2022 Q3	185 002 €	111 126 €	927 818 €−29,3%	26
2022 Q2	302 728 €	164 664 €	1,31 M €−45,3%	28
2022 Q1	310 642 €	119 816 €	2,40 M €+76,3%	31
Total 2022:	972 893 €	499 599 €	5,72 M €
2021 Q4	227 459,98 €	117 002,19 €	1,36 M €+2,7%	34
2021 Q3	204 895,96 €	120 105,18 €	1,33 M €−21,7%	35
2021 Q2	321 035,61 €	161 163,69 €	1,69 M €+18,9%	33
2021 Q1	244 513,59 €	117 631,41 €	1,42 M €−4,3%	37
Total 2021:	997 905,14 €	515 902,47 €	5,81 M €
2020 Q4	253 568,23 €	120 117,24 €	1,49 M €+50,2%	35
2020 Q3	226 525,48 €	133 455,22 €	991 355,94 €−29,0%	35
2020 Q2	266 194,82 €	146 469,39 €	1,40 M €+11,2%	37
2020 Q1	227 806 €	148 490 €	1,25 M €−9,6%	39
Total 2020:	974 094,53 €	548 531,85 €	5,13 M €
2019 Q4	270 074 €	146 423 €	1,39 M €+7,4%	38
2019 Q3	243 821 €	151 184 €	1,29 M €−35,1%	44
2019 Q2	274 602 €	137 064 €	1,99 M €+61,9%	41
2019 Q1	141 290 €	114 943 €	1,23 M €+19,1%	40
Total 2019:	929 787 €	549 614 €	5,91 M €
2018 Q4	117 103 €	110 087 €	1,03 M €+10,1%	36
2018 Q3	194 642 €	110 668 €	938 478 €−17,1%	36
2018 Q2	177 945 €	83 007 €	1,13 M €−17,4%	31
2018 Q1	202 381 €	79 334 €	1,37 M €+45,9%	28
Total 2018:	692 071 €	383 096 €	4,47 M €
2017 Q4	147 656 €	63 853 €	939 231 €+310%	27
2017 Q3	29 462 €	5 702 €	229 055 €	23
Total 2017:	177 118 €	69 555 €	1,17 M €

Revenue by industry

	2023	2024	2025
Repair and maintenance of motor vehicles		2 367 897 €	1 837 489 €
Other services n.e.c.		37 132 €	50 715 €
Maintenance and repair of motor vehicles	4 785 704 €
Other service activities	127 035 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Sten Tamberg	38703XXXXXX	26.03.1987 (39)	Board member	01.09.2026	-
Aivo Ojala	37309XXXXXX	04.09.1973 (53)	Board member	29.04.2021	-
Joonas Valdemar Vesterlund	38712XXXXXX	21.12.1987 (38)	Board member	03.08.2018	-

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Shareholders

	Personal ID code
Mootor Grupp AS	10592935	15.11.1999 (26)	Shareholder	25 000 EUR	100,00%	Sole ownership	19.09.2025	-

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Other persons

	Personal ID code
Hugo Osula	35611XXXXXX	05.11.1956 (69)	Chairman of the supervisory board	13.08.2025	-
Mart Raamat	38805XXXXXX	21.05.1988 (38)	Supervisory-board member	31.07.2025	-
Andres Osula	38208XXXXXX	29.08.1982 (44)	Supervisory-board member	14.03.2023	-
Aktsiaselts PricewaterhouseCoopers	10142876	30.04.1997 (29)	Audit firm	30.07.2018	-
Mootor Grupp AS	10592935	15.11.1999 (26)	Founder	21.06.2017	-

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Ultimate beneficial owners

	Personal ID code
Hugo Osula	35611XXXXXX	05.11.1956 (69)	Indirect holding	07.12.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 1 103 889 €
Monthly average: 367 963 €
Per employee: 18 398 €
Equity ratio: 1 471,85%

Labour taxes

Turnover ratio: 8,20%
Tax ratio: 60,91%
Monthly average: 30 182 €
Per employee: 1 589 €

State taxes

Monthly average: 49 553 €
Turnover ratio: 13,47%

Estimated salary

Gross salary: 2 902 €
Net salary: 2 336 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	3 195 607 €+0,1%	3 193 039 €−2,8%	3 285 724 €+18,7%	2 768 742 €+0,7%	2 749 284 €+43,1%	1 920 792 €+10,4%	1 739 395 €
Non-current assets	666 451 €−26,7%	909 029 €−8,4%	992 566 €−17,9%	1 208 441 €−15,7%	1 434 105 €−5,2%	1 512 395 €+25,2%	1 207 755 €
Total assets	3 862 058 €−5,9%	4 102 068 €−4,1%	4 278 290 €+7,6%	3 977 183 €−4,9%	4 183 389 €+21,9%	3 433 187 €+16,5%	2 947 150 €
Short-term liabilities	197 260 €−40,6%	331 852 €−54,4%	727 604 €−2,2%	743 828 €−44,5%	1 339 449 €−3,0%	1 380 388 €−17,2%	1 667 228 €
Long-term liabilities	3 660 €−97,1%	126 309 €−24,7%	167 815 €−44,5%	302 100 €−14,0%	351 187 €−12,5%	401 175 €+317%	96 268 €
Total liabilities	200 920 €−56,1%	458 161 €−48,8%	895 419 €−14,4%	1 045 928 €−38,1%	1 690 636 €−5,1%	1 781 563 €+1,0%	1 763 496 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	3 623 824 €+7,9%	3 357 871 €+15,5%	2 906 255 €+17,8%	2 467 753 €+51,7%	1 626 624 €+41,0%	1 153 602 €−1,0%	1 164 998 €
Net profit	12 314 €−95,3%	261 036 €−42,2%	451 616 €+3,0%	438 502 €−47,9%	841 129 €+77,8%	473 022 €+7 556%	-6 344 €
Equity	3 661 138 €+0,5%	3 643 907 €+7,7%	3 382 871 €+15,4%	2 931 255 €+17,6%	2 492 753 €+50,9%	1 651 624 €+39,5%	1 183 654 €
Turnover	1 888 204 €−21,5%	2 405 029 €−51,0%	4 912 739 €+2,6%	4 790 471 €−20,9%	6 058 582 €+29,8%	4 668 969 €−2,8%	4 802 697 €
Profit margin	0,7%	10,9%	9,2%	9,2%	13,9%	10,1%	-0,1%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	768 497 €	1 176 521 €
Liquidity
Current ratio	3,7	2,1
Quick ratio	3,4	1,6
Cash ratio	1,9	0,3
Efficiency
Days sales outstanding (dso)	109,7	80,5
Asset turnover	1,2	1,6
Structure
Debt ratio	0,3	0,4
Profitability
Operating margin	9,4%	14,1%
Net profit margin	9,2%	13,9%
Return on assets (roa)	10,7%	22,1%
Return on equity (roe)	15,0%	33,7%

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Licences & notices


License	RVSK062813	Transport	Valid	15.11.2021	11.11.2031
License	RVTL006574	Transport	Valid	12.11.2021	11.11.2031

Regulations


Ä 50059710 / 24	01.09.2026	Entry – Amendment entry	-	Entered into force01.09.2026
Ä 50059710 / 23	26.09.2025	Entry – Amendment entry	-	Entered into force26.09.2025
Ä 50059710 / M7	19.09.2025	Order to remedy deficiencies – Amendment entry	04.10.2025	Deficiencies remedied26.09.2025
Ä 50059710 / 22	11.09.2025	Entry – Amendment entry	-	Entered into force11.09.2025
Ä 50059710 / 21	11.09.2025	Entry – Amendment entry	-	Entered into force11.09.2025

Real estate

		Purpose
Karja tn 9, Tapa linn, Tapa vald, Lääne-Viru maakond	22 395 m²	Industrial land 100%
Väike-Karja tn 2, Tapa linn, Tapa vald, Lääne-Viru maakond	35 588 m²	Industrial land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


3-22-2656/26	Apellatsioonmenetlus	Court judgment	Public procurement	Villem Lapimaa, Janar Jäätma, Kaire Pikamäe	ECLI:EE:TLRK:2023:3.22.2656.7223	05.04.2023	Open

Official announcements


Notice of division of a company	18.09.2017	PDF
Notice of division of a company	03.08.2017	PDF
Notice of conclusion of a public limited company division agreement	03.08.2017	PDF
Notice of conclusion of a public limited company division agreement	27.06.2017	PDF

Public transactions


19.08.2026	Kaitseliit	746,53 €Received	OTHER OPERATING EXPENSESOther defence
19.08.2026	Kaitseliit	3 110,53 €Received	OPERATING EXPENSESOther defence
17.08.2026	Kaitseliit	1 093,57 €Received	OTHER OPERATING EXPENSESOther defence
17.08.2026	Kaitseliit	4 556,55 €Received	OPERATING EXPENSESOther defence
10.08.2026	Kaitseliit	71,58 €Received	OTHER OPERATING EXPENSESOther defence

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


10.09.2023	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 17577	Stardiabi alustava ettevõtluse toetamiseks (VTA) › MuuGrant	32 €	17577/2300118
17.04.2020	KaitseministeeriumAid measure 17586	EK grupierandi määrus 651/2014 Teadus- ja arendustegevuseks ning innovatsiooniks antav abi (artiklid 25-30) › Teadus- ja arendusprojektidele antav abi (artikkel 25 lõike 2 punkt c) - tootearendusGrant	50 000 €	17586/2000023

Public procurement contracts


18.09.2026End 22.02.2027	Reference number 313941 · Hankeleping nr. 2-2/819	Riigi Kaitseinvesteeringute KeskusContracting authority	51 934,25 €	Concluded
21.10.2025	Reference number 236193 · ⁠ OTE-1187196	Riigi Kaitseinvesteeringute KeskusContracting authority	7 750 €	Completed
21.10.2025	Reference number 236193 · OTE-1187196	Riigi Kaitseinvesteeringute KeskusContracting authority	7 750 €	Completed
01.08.2023End 01.08.2030	Reference number 258313 · Raamleping Milworks OÜ	Riigi Kaitseinvesteeringute KeskusContracting authority	80 000 000 €	Concluded
03.07.2023End 03.07.2033	Reference number 236193 · Raamleping 2-2/23/417-1	Riigi Kaitseinvesteeringute KeskusContracting authority	200 000 000 €	Concluded

.ee domains


milworks.ee	Active	18.03.2020	19.03.2027

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.