Mustamäe Spa OÜ

Legal form:: Private limited company
Registry code:: 14490634
VAT no.:: EE102071717
Fiscal-year period:: 01.01 - 31.12
Established:: 17.05.2018 (8 y)
Capital:: 2 500 EUR
Address:: Akadeemia tee 30, Mustamäe linnaosa, Tallinn, Harju maakond, 12618
Status:: Registered
E-invoice reception:: Telema

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Contacts

Phone:: +372 6502000
Email:: andres@elamusspa.ee

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Industries

ARTS, SPORTS AND RECREATION
Sports, amusement and recreation activities
Amusement and recreation activities
93291 – Other amusement and recreation activities n.e.c.

Industry TOPNo. 1 of 743 companies

1.Mustamäe Spa OÜ12.8M €
2.EVENT CENTER OÜ4M €
3.Live Nation Estonia OÜ3.8M €
4.ROSENI MAJAD OÜ3.7M €
5.Frank Events OÜ3.6M €
6.Booking Stars OÜ3M €
7.Showex OÜ2.8M €
8.L Tips Agency Estonia OÜ2.6M €
9.Proto OÜ2.2M €
10.ID Production OÜ2.2M €

Main activity 93291 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE102071717	23.05.2018	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	09.08.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	19.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	28.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	06.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	17.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	29.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	29.10.2020	Valid	PDF
2018	17.05.2018 – 31.12.2018	28.06.2019	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 19.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements1 TTJA decisions1 Real estate–.ee domains4 Licenses1 Regulations23 Public transactions254 Grants2 State aid22 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	471 513 €	228 810 €	2,67 M €−4,6%	103
2026 Q2	381 304 €	240 002 €	2,80 M €−29,1%	103
2026 Q1	905 229 €	253 033 €	3,95 M €+16,3%	107
Total 2026:	1,76 M €	721 845 €	9,42 M €
2025 Q4	1,60 M €	236 021 €	3,39 M €+25,9%	107
2025 Q3	207 805 €	207 127 €	2,70 M €−0,3%	106
2025 Q2	419 704 €	220 846 €	2,70 M €−12,1%	87
2025 Q1	653 069 €	175 177 €	3,08 M €+14,0%	99
Total 2025:	2,89 M €	839 171 €	11,9 M €
2024 Q4	256 119 €	135 916 €	2,70 M €+79,9%	94
2024 Q3	119 578 €	128 638 €	1,50 M €−20,1%	77
2024 Q2	186 826 €	147 909 €	1,88 M €−26,8%	70
2024 Q1	316 579 €	125 842 €	2,56 M €+16,3%	73
Total 2024:	879 102 €	538 305 €	8,64 M €
2023 Q4	139 144 €	122 881 €	2,20 M €−2,3%	73
2023 Q3	148 075 €	124 185 €	2,25 M €+4,9%	71
2023 Q2	240 134 €	116 827 €	2,15 M €−14,6%	68
2023 Q1	249 231 €	96 460 €	2,52 M €+23,3%	68
Total 2023:	776 584 €	460 353 €	9,12 M €
2022 Q4	166 987 €	98 424 €	2,04 M €+42,1%	69
2022 Q3	163 483 €	91 075 €	1,44 M €−12,1%	67
2022 Q2	186 191 €	82 105 €	1,63 M €+3,8%	57
2022 Q1	168 924 €	86 566 €	1,57 M €+21,6%	52
Total 2022:	685 585 €	358 170 €	6,68 M €
2021 Q4	246 447,09 €	157 004,85 €	1,29 M €+18,0%	47
2021 Q3	129 425,48 €	69 614,93 €	1,10 M €+1 203%	55
2021 Q2	20 724,55 €	23 137,40 €	84 188,43 €−88,2%	49
2021 Q1	135 021,26 €	95 621,83 €	712 750,77 €−41,9%	41
Total 2021:	531 618,38 €	345 379,01 €	3,19 M €
2020 Q4	172 904,01 €	100 874,59 €	1,23 M €+49,8%	59
2020 Q3	92 834,44 €	48 365,27 €	818 669,35 €+349%	63
2020 Q2	28 834,78 €	19 243,41 €	182 418,86 €−88,4%	49
2020 Q1	278 330 €	101 012 €	1,57 M €+30,1%	56
Total 2020:	572 903,23 €	269 495,27 €	3,80 M €
2019 Q4	176 667 €	81 350 €	1,21 M €+69,8%	61
2019 Q3	89 347 €	65 647 €	710 321 €−32,6%	63
2019 Q2	147 376 €	75 975 €	1,05 M €−22,0%	46
2019 Q1	141 895 €	65 573 €	1,35 M €+72,6%	49
Total 2019:	555 285 €	288 545 €	4,32 M €
2018 Q4	0 €	30 249 €	782 851 €+1 890%	46
2018 Q3	0 €	17 260 €	39 349 €	28
2018 Q2	0 €	0 €	0 €	3
Total 2018:	0 €	47 509 €	822 200 €

Revenue by industry

	2023	2024	2025
Other amusement and recreation activities n.e.c.		7 975 877 €	10 967 080 €
Other amusement and leisure activities n.e.c.	7 229 074 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Tanel Samuel	38104XXXXXX	06.04.1981 (45)	Board member	06.08.2026	-
Andres Tiik	37504XXXXXX	16.04.1975 (51)	Board member	17.05.2018	-

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Shareholders

	Personal ID code
Elamus Spa OÜ	16548779	08.08.2022 (4)	Shareholder	1 250 EUR	50,00%	Sole ownership	24.09.2024	-
CM Spa OÜ	17281641	14.07.2025 (1)	Shareholder	1 250 EUR	50,00%	Sole ownership	09.09.2026	-

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Other persons

	Personal ID code
Assertum Audit OÜ	10990446	21.11.2003 (22)	Audit firm	01.01.2020	-
Astlanda Arendus OÜ	12556990	21.10.2013 (12)	Founder	17.05.2018	-

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Ultimate beneficial owners

	Personal ID code
Igor Mölder	37707XXXXXX	01.07.1977 (49)	Indirect holding	04.08.2026	-
Tanel Samuel	38104XXXXXX	06.04.1981 (45)	Indirect holding	04.08.2026	-
Andres Tiik	37504XXXXXX	16.04.1975 (51)	Direct holding	21.10.2020	-

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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: 2 671 350 €
Monthly average: 890 450 €
Per employee: 8 645 €
Equity ratio: 35 618,00%

Labour taxes

Turnover ratio: 8,57%
Tax ratio: 48,53%
Monthly average: 76 270 €
Per employee: 740 €

State taxes

Monthly average: 157 171 €
Turnover ratio: 17,65%

Estimated salary

Gross salary: 1 455 €
Net salary: 1 248 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	650 099 €−44,5%	1 172 154 €+50,0%	781 590 €+40,7%	555 329 €+8,4%	512 196 €−17,5%	620 869 €+92,2%	323 113 €
Non-current assets	11 573 213 €+23,6%	9 362 046 €+36,0%	6 882 473 €+86,7%	3 686 014 €+31,2%	2 810 296 €+17,9%	2 383 651 €+99,7%	1 193 523 €
Total assets	12 223 312 €+16,0%	10 534 200 €+37,4%	7 664 063 €+80,7%	4 241 343 €+27,7%	3 322 492 €+10,6%	3 004 520 €+98,1%	1 516 636 €
Short-term liabilities	3 350 769 €+31,3%	2 551 507 €+83,8%	1 387 981 €+86,6%	743 930 €−37,1%	1 182 714 €+37,1%	862 869 €+101%	428 604 €
Long-term liabilities	8 423 707 €+172%	3 099 201 €+43,4%	2 161 308 €+157%	839 924 €−39,5%	1 388 264 €−18,2%	1 697 165 €+261%	470 283 €
Total liabilities	11 774 476 €+108%	5 650 708 €+59,2%	3 549 289 €+124%	1 583 854 €−38,4%	2 570 978 €+0,4%	2 560 034 €+185%	898 887 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	-119 008 €−103%	3 512 274 €+32,3%	2 654 989 €+254%	749 014 €+69,5%	441 986 €+24,4%	355 249 €+118%	162 879 €
Net profit	215 344 €−84,3%	1 368 718 €−6,1%	1 457 285 €−23,5%	1 905 975 €+521%	307 028 €+254%	86 737 €−80,8%	452 370 €
Equity	448 836 €−90,8%	4 883 492 €+18,7%	4 114 774 €+54,8%	2 657 489 €+254%	751 514 €+69,1%	444 486 €−28,0%	617 749 €
Turnover	10 967 080 €+37,5%	7 975 877 €+10,3%	7 229 074 €+9,3%	6 615 080 €+96,7%	3 363 708 €−3,7%	3 493 070 €−16,8%	4 195 926 €
Profit margin	2,0%	17,2%	20,2%	28,8%	9,1%	2,5%	10,8%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	2 368 298 €	676 692 €
Liquidity
Current ratio	0,7	0,4
Quick ratio	0,7	0,4
Cash ratio	0,2	0,0
Efficiency
Days sales outstanding (dso)	25,8	73,3
Asset turnover	1,7	1,1
Structure
Debt ratio	0,4	0,8
Profitability
Operating margin	29,7%	12,0%
Net profit margin	28,8%	9,1%
Return on assets (roa)	50,4%	9,7%
Return on equity (roe)	71,7%	40,9%

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Licences & notices


Notice of economic activity	KTO022519	Commerce	Valid	10.10.2018	-

Regulations


Ä 50094412 / 18	06.08.2026	Entry – Amendment entry	-	Entered into force06.08.2026
Ä 50094412 / M5	30.07.2026	Order to remedy deficiencies – Amendment entry	04.09.2026	Deficiencies remedied06.08.2026
Ä 50094412 / M4	30.07.2026	Directive order – Amendment entry	09.08.2026	Deficiencies remedied30.07.2026
K 50094412 / 17	21.11.2025	Entry – Commercial-pledge opening entry	-	Entered into force21.11.2025
Ä 50094412 / 16	03.03.2025	Entry – Second, constitutive merger entry (on acquiring entity’s registry card)	-	Entered into force03.03.2025

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions


19-1/24-05343-001	Taavi Hein	Against the consumer	12.08.2024	PDF

Court decisions

No court decisions found

The company has no court decisions

Official announcements


Notice of company merger	04.03.2025	PDF

Public transactions


08.09.2026	Mustamäe Linnaosa Valitsus	266 €Received	OPERATING EXPENSESMunicipal government
27.08.2026	Viru Vangla	200 €Received	OPERATING EXPENSESManagement of detention facilities
21.07.2026	Mustamäe Kultuurikeskus Kaja	232 €Received	OPERATING EXPENSESOther protection of social risk groups
10.07.2026	Kaitsevägi	949,10 €Received	OPERATING EXPENSESMilitary defence
10.07.2026	Kaitsevägi	141,60 €Received	OPERATING EXPENSESMilitary defence

Funded projects


Mustamäe SPA liitumis- ja liidestamise toetus2021-2027.1.02.25-0311	(EK nr 1.2) Digitaliseerimisest kasu toomineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	16.06.2025 – 07.12.20252021-2027	28 571,43 €support 70,0%	28 571,43 €	Completed
Mustamäe SPA Digitaliseerimise teekaardi elluviimine20.1.01.25-1222	Majanduse digipöörde toetamineRRF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.06.2025 – 31.05.20262020-2026	360 179,82 €support 56,6%	351 188,42 €	Completed

State aid


16.09.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241673	EK grupierandi määrus 651/2014 Teadus- ja arendustegevuseks ning innovatsiooniks antav abi (artiklid 25-30) › Protsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29)Grant	18 937,50 €	241673/2600016
14.10.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231531	Muu › MuuGrant	14 008 €	231531/2600022
05.07.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 221424	Muu › MuuGrant	197 628,07 €	221424/2500077
18.06.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241760	Muu › MuuGrant	20 000 €	241760/2500069
22.05.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231530	Muu › MuuGrant	16 799 €	231530/2500079

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


mustamaespa.ee	Active	30.05.2025	31.05.2027
elamusbowling.ee	Active	22.01.2025	23.01.2027
elamusspa.ee	Active	05.06.2018	06.06.2027
amb.ee	Active	04.07.2010	22.11.2026

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.