Timbeco Construction OÜ

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	12.08.2026	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	03.07.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	05.07.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	01.07.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	25.02.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	03.07.2019	Valid	PDF
2017	28.06.2017 – 31.12.2017	08.11.2018	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 21.10.2026.

Delayed declarations

VAT return

20.10.2025

23.10.2025

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses1 Regulations9 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	18 867 €	16 704 €	143 592 €−58,3%	2
2026 Q2	44 344 €	23 218 €	344 494 €−9,0%	2
2026 Q1	27 925 €	23 364 €	378 719 €+569%	2
Total 2026:	91 136 €	63 286 €	866 805 €
2025 Q4	33 877 €	23 483 €	56 590 €+49,1%	2
2025 Q3	32 354 €	21 414 €	37 962 €−57,7%	3
2025 Q2	89 847 €	73 295 €	89 849 €−1,7%	6
2025 Q1	36 211 €	37 049 €	91 359 €+189%	10
Total 2025:	192 289 €	155 241 €	275 760 €
2024 Q4	57 228 €	65 252 €	31 607 €−81,1%	9
2024 Q3	79 052 €	62 833 €	167 416 €+3,8%	9
2024 Q2	59 331 €	42 812 €	161 253 €−3,8%	10
2024 Q1	41 966 €	34 648 €	167 675 €+4,1%	10
Total 2024:	237 577 €	205 545 €	527 951 €
2023 Q4	70 005 €	53 499 €	161 072 €+205%	11
2023 Q3	76 354 €	79 816 €	52 755 €−25,4%	11
2023 Q2	73 116 €	73 532 €	70 754 €−57,9%	12
2023 Q1	89 979 €	71 911 €	167 926 €+4,2%	15
Total 2023:	309 454 €	278 758 €	452 507 €
2022 Q4	79 449 €	61 594 €	161 132 €+160%	13
2022 Q3	80 424 €	78 641 €	61 879 €+15,1%	16
2022 Q2	93 325 €	77 556 €	53 755 €+84,3%	18
2022 Q1	74 941 €	78 885 €	29 171 €−46,7%	19
Total 2022:	328 139 €	296 676 €	305 937 €
2021 Q4	98 489,54 €	103 098,11 €	54 718,61 €−82,9%	16
2021 Q3	113 824,27 €	99 653,13 €	320 648,69 €−59,5%	18
2021 Q2	89 380,71 €	79 820,07 €	791 226,99 €+66,6%	22
2021 Q1	44 342,50 €	47 995,19 €	474 849,54 €+16 646%	18
Total 2021:	346 037,02 €	330 566,50 €	1,64 M €
2020 Q4	38 786,67 €	41 614,14 €	2 835,64 €−83,2%	10
2020 Q3	71 591,93 €	47 973,07 €	16 866,37 €+3,9%	10
2020 Q2	47 585,57 €	50 834,71 €	16 228,32 €−11,5%	9
2020 Q1	48 396 €	51 996 €	18 345 €+493%	10
Total 2020:	206 360,17 €	192 417,92 €	54 275,33 €
2019 Q4	48 930 €	52 750 €	3 092 €−70,8%	11
2019 Q3	51 787 €	53 945 €	10 589 €−68,7%	11
2019 Q2	30 672 €	32 267 €	33 845 €+49,1%	11
2019 Q1	52 792 €	57 859 €	22 701 €−69,1%	9
Total 2019:	184 181 €	196 821 €	70 227 €
2018 Q4	50 936 €	48 484 €	73 469 €	14
2018 Q3	105 270 €	113 083 €	0 €−100%	13
2018 Q2	82 732 €	83 628 €	73 630 €+53,4%	20
2018 Q1	63 965 €	66 939 €	48 000 €	16
Total 2018:	302 903 €	312 134 €	195 099 €
2017 Q4	17 943 €	19 200 €	0 €	14
2017 Q3	3 583 €	3 872 €	0 €	4
2017 Q2	0 €	0 €	0 €	0
2017 Q1	0 €	0 €	0 €	0
Total 2017:	21 526 €	23 072 €	0 €

Revenue by industry

	2023	2024	2025
Construction of residential and non-residential buildings	985 149 €	898 936 €	552 957 €

Tax debts

No tax debt found

No tax debt as of 27.09.2026

Representatives

	Personal ID code
Toomas Timberg	38812XXXXXX	21.12.1988 (37)	Board member	19.01.2026	-
Aarne Kaitsa	38703XXXXXX	29.03.1987 (39)	Board member	17.02.2021	-
Tõnis Vaiksaar	38412XXXXXX	06.12.1984 (41)	Board member	17.02.2021	-
Siim Leisalu	38308XXXXXX	21.08.1983 (43)	Board member	28.06.2017	-

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Shareholders

	Personal ID code
Siim Leisalu	38308XXXXXX	21.08.1983 (43)	Shareholder	1 450 EUR	58,00%	Sole ownership	17.02.2025	-
Aarne Kaitsa	38703XXXXXX	29.03.1987 (39)	Shareholder	437,50 EUR	17,50%	Sole ownership	17.02.2025	-
Tõnis Vaiksaar	38412XXXXXX	06.12.1984 (41)	Shareholder	437,50 EUR	17,50%	Sole ownership	17.02.2025	-
Toomas Timberg	38812XXXXXX	21.12.1988 (37)	Shareholder	175 EUR	7,00%	Sole ownership	17.02.2025	-

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Other persons

	Personal ID code
Urmas Leisalu	35911XXXXXX	15.11.1959 (66)	Founder	21.06.2017	-

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Ultimate beneficial owners

	Personal ID code
Siim Leisalu	38308XXXXXX	21.08.1983 (43)	Direct holding	06.11.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 143 592 €
Monthly average: 47 864 €
Per employee: 23 932 €
Equity ratio: 1 914,56%

Labour taxes

Turnover ratio: 11,63%
Tax ratio: 88,54%
Monthly average: 5 568 €
Per employee: 2 784 €

State taxes

Monthly average: 6 289 €
Turnover ratio: 13,14%

Estimated salary

Gross salary: 4 942 €
Net salary: 3 870 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	367 104 €−24,0%	483 331 €−6,1%	514 714 €−12,8%	590 494 €−21,2%	749 700 €+333%	173 174 €−35,5%	268 285 €
Non-current assets	1 863 €−86,4%	13 709 €−21,2%	17 396 €−8,4%	18 989 €−62,2%	50 280 €+604%	7 139 €+1 416%	471 €
Total assets	368 967 €−25,8%	497 040 €−6,6%	532 110 €−12,7%	609 483 €−23,8%	799 980 €+344%	180 313 €−32,9%	268 756 €
Short-term liabilities	330 338 €−16,1%	393 865 €+1,4%	388 604 €−0,7%	391 287 €−20,1%	489 430 €+372%	103 690 €−27,8%	143 538 €
Long-term liabilities	-	-	408 €−95,3%	8 697 €−72,0%	31 105 €	-	-
Total liabilities	330 338 €−16,1%	393 865 €+1,2%	389 012 €−2,7%	399 984 €−23,2%	520 535 €+402%	103 690 €−27,8%	143 538 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	100 676 €−28,4%	140 598 €−32,1%	206 999 €+55,8%	132 822 €+79,2%	74 123 €+318%	17 718 €+209%	-16 306 €
Net profit	-64 547 €−61,7%	-39 923 €+39,9%	-66 401 €−190%	74 177 €−63,4%	202 822 €+260%	56 405 €−59,4%	139 024 €
Equity	38 629 €−62,6%	103 175 €−27,9%	143 098 €−31,7%	209 499 €−25,0%	279 445 €+265%	76 623 €−38,8%	125 218 €
Turnover	552 957 €−38,5%	898 936 €−8,8%	985 149 €−35,0%	1 515 947 €−44,5%	2 730 746 €+142%	1 128 348 €+17,5%	960 525 €
Profit margin	-11,7%	-4,4%	-6,7%	4,9%	7,4%	5,0%	14,5%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	1,5	1,5
Quick ratio	1,3	1,5
Cash ratio	0,0	0,3
Efficiency
Days sales outstanding (dso)	131,5	48,7
Asset turnover	2,2	5,6
Structure
Debt ratio	0,7	0,7
Profitability
Operating margin	5,0%	7,4%
Net profit margin	4,9%	7,4%
Return on assets (roa)	10,5%	41,4%
Return on equity (roe)	35,4%	72,6%

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Licences & notices


Notice of economic activity	EEH010689	Construction	Valid	27.06.2018	-

Regulations


Ä 50059698 / 8	19.01.2026	Entry – Amendment entry	-	Entered into force19.01.2026
Ä 50059698 / 7	17.02.2021	Entry – Amendment entry	-	Entered into force17.02.2021
Ä 50059698 / 6	04.12.2020	Entry – Amendment entry	-	Entered into force04.12.2020
Ä 50059698 / 5	30.11.2020	Entry – Amendment entry	-	Entered into force30.11.2020
Ä 50059698 / 4	21.01.2018	Entry – Amendment entry	-	Entered into force21.01.2018

Real estate

No real estate found

Company has no real estate

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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

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

No domains found

Company has no valid .ee domains

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.