osaühing PALSTEVERegistered
Tax debt 132 885 € as of 30.09.2026.Source: Tax and Customs Board
Going concern uncertainty. In the 2022 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Qualified audit opinion. 2025 report: Qualified.
Key figures
1 093 042 €+6,3%
Revenue 2025
−29,4%
Average annual change 2019–2025
Ratios
202558,5%
Profit margin
73,9%
Equity ratio
1,1×
Current ratio
104,7%
Return on equity
928 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | — | 51 | 64 370 € |
| Q1 2026 | — | 46 | 35 824 € |
| Q4 2025 | — | 48 | 85 823 € |
| Q3 2025 | — | 46 | 113 899 € |
| Q2 2025 | — | 48 | 77 035 € |
| Q1 2025 | — | 46 | 89 955 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 1 235 394 | 630 103 | 842 523 | 646 273 | 344 030 | 403 014 | 234 706 |
| Total non-current assets | 2 002 189 | 1 735 249 | 1 434 137 | 1 288 634 | 1 040 774 | 764 341 | 592 424 |
| Total assets | 3 237 583 | 2 365 352 | 2 276 660 | 1 934 907 | 1 384 804 | 1 167 355 | 827 130 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 1 015 677 | 735 854 | 1 254 410 | 1 242 987 | 1 088 799 | 1 195 907 | 216 162 |
| Non-current liabilities | 800 717 | 302 126 | 165 088 | 97 007 | 49 526 | 0 | 0 |
| Total liabilities | 1 816 394 | 1 037 980 | 1 419 498 | 1 339 994 | 1 138 325 | 1 195 907 | 216 162 |
| Share capital | 9850 | 10 050 | 10 150 | 10 350 | 15 600 | 15 600 | 15 600 |
| Retained earnings of previous periods | −6 699 663 | −6 482 261 | −7 839 841 | −9 288 480 | −10 392 880 | −12 303 293 | −13 487 117 |
| Profit for the year | 217 402 | −1 357 580 | −1 448 639 | −1 104 400 | −1 910 413 | −1 183 824 | 639 520 |
| Reserves and other equity | 7 893 600 | 9 157 163 | 10 135 492 | 10 977 443 | 12 534 172 | 13 442 965 | 13 442 965 |
| Total equity | 1 421 189 | 1 327 372 | 857 162 | 594 913 | 246 479 | −28 552 | 610 968 |
| Income statement | |||||||
| Sales revenue | 8 819 652 | 5 633 806 | 4 872 288 | 4 275 479 | 1 720 122 | 1 028 474 | 1 093 042 |
| Operating profit | 240 447 | −1 339 558 | −1 437 848 | −1 096 274 | −1 892 017 | −1 173 717 | 646 227 |
| EBITDA | 680 201 | −980 580 | −1 124 540 | −812 440 | −1 628 615 | — | — |
| Profit before income tax | 217 402 | −1 357 580 | −1 448 639 | −1 104 400 | −1 910 413 | −1 183 824 | 639 520 |
| Profit for the reporting year | 217 402 | −1 357 580 | −1 448 639 | −1 104 400 | −1 910 413 | −1 183 824 | 639 520 |
| Labour costs | 3 376 952 | 2 975 066 | 2 647 826 | 2 544 775 | 2 018 268 | 932 178 | 930 238 |
| Depreciation of non-current assets | 439 754 | 358 978 | 313 308 | 283 834 | 263 402 | — | — |
| Other indicators | |||||||
| Employees | 144 | 132 | 124 | 112 | 86 | 43 | 43 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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