AS Maag GruppRegistered
Key figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 365 254 € | 6 | 68 674 € |
| Q2 2026 | 387 862 € | 6 | 71 327 € |
| Q1 2026 | 390 652 € | 6 | 63 632 € |
| Q4 2025 | 400 080 € | 6 | 66 393 € |
| Q3 2025 | 248 723 € | 6 | 68 168 € |
| Q2 2025 | 275 629 € | 6 | 94 846 € |
| Q1 2025 | 312 264 € | 6 | 69 211 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 1 111 000 € (2% of distributable profit).
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 22 404 000 | 22 453 000 | 24 379 000 | 23 156 000 | 71 113 000 | 29 259 000 | 29 583 000 |
| Total non-current assets | 42 692 000 | 37 017 000 | 32 277 000 | 32 528 000 | 78 961 000 | 126 233 000 | 122 088 000 |
| Total assets | 65 096 000 | 59 470 000 | 56 656 000 | 55 684 000 | 150 074 000 | 155 492 000 | 151 671 000 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 30 257 000 | 29 367 000 | 16 147 000 | 12 771 000 | 41 446 000 | 49 362 000 | 44 585 000 |
| Non-current liabilities | 22 486 000 | 18 508 000 | 26 862 000 | 30 453 000 | 55 967 000 | 49 679 000 | 48 140 000 |
| Total liabilities | 52 743 000 | 47 875 000 | 43 009 000 | 43 224 000 | 97 413 000 | 99 041 000 | 92 725 000 |
| Share capital | 240 000 | 240 000 | 240 000 | 240 000 | 240 000 | 240 000 | 240 000 |
| Retained earnings of previous periods | 10 656 000 | 10 787 000 | 10 029 000 | 12 081 000 | 11 144 000 | 51 415 000 | 55 074 000 |
| Profit for the year | 1 431 000 | 542 000 | 3 352 000 | 113 000 | 41 251 000 | 4 770 000 | 3 606 000 |
| Reserves and other equity | 26 000 | 26 000 | 26 000 | 26 000 | 26 000 | 26 000 | 26 000 |
| Total equity | 12 353 000 | 11 595 000 | 13 647 000 | 12 460 000 | 52 661 000 | 56 451 000 | 58 946 000 |
| Income statement | |||||||
| Sales revenue | 31 198 000 | 26 005 000 | 25 144 000 | 27 806 000 | 24 586 000 | 3 979 000 | 1 061 000 |
| Operating profit | 1 236 000 | 449 000 | 456 000 | −201 000 | −395 000 | −234 000 | −242 000 |
| EBITDA | 1 395 000 | 611 000 | 596 000 | −66 000 | −272 000 | −201 000 | −120 000 |
| Profit before income tax | 1 774 000 | 752 000 | 3 446 000 | 113 000 | 41 251 000 | 4 770 000 | 3 606 000 |
| Profit for the reporting year | 1 431 000 | 542 000 | 3 352 000 | 113 000 | 41 251 000 | 4 770 000 | 3 606 000 |
| Labour costs | — | — | — | — | — | — | — |
| Depreciation of non-current assets | 159 000 | 162 000 | 140 000 | 135 000 | 123 000 | 33 000 | 122 000 |
| Other indicators | |||||||
| Employees | 61 | 59 | 55 | 60 | 46 | 9 | 8 |
| Calculated dividend | — | 1 300 000 | 1 300 000 | 1 300 000 | 1 050 000 | 980 000 | 1 111 000 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligations1 note5 clear
Data from public registers, not a credit rating.
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Public procurement
3 contractsPublic contracts won worth 0 € from 2 contracting authorities (04.10.2023–29.04.2024). Plus 10 framework agreements shared with other suppliers (not included in the total).
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: AS Maag Grupp
Overview
AS Maag Grupp (registry code 10209474) is a public limited company (AS). The company was entered in the Commercial Register in 1997 and has been registered for 29 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is activities of head offices (EMTAK 70101). The company is registered for VAT (VAT number EE100029952).
Financial results
Revenue in financial year 2025 was 1 061 000 €, down 73,3% on the previous year (3 979 000 €). From 2019 to 2025, revenue declined by an average of 43,1% per year. This is the company's lowest revenue among the published years (2019–2025). Net profit for financial year 2025 was 3 606 000 € (340% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 8 employees (9 a year earlier). Revenue per employee was 132 625 €. At the end of financial year 2025, total assets were 151 671 000 € and equity 58 946 000 € (38,9% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 365 254 €, up 46,9% on the same quarter a year earlier. The company had 6 employees in that quarter. Labour taxes paid in the quarter: 68 674 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 6720 € per month.
Management and owners
The company has one management board member. The supervisory board has 3 members.
Data sources and freshness
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 09.07.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.