Powerfleet Eesti OÜRegistered
Key figures
Ratios
2023/24Profit 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 | 2 554 632 € | 62 | 474 982 € |
| Q2 2026 | 4 962 121 € | 61 | 449 212 € |
| Q1 2026 | 2 720 592 € | 63 | 470 594 € |
| Q4 2025 | 2 827 984 € | 65 | 495 356 € |
| Q3 2025 | 2 204 052 € | 66 | 653 272 € |
| Q2 2025 | 2 409 173 € | 68 | 644 011 € |
| Q1 2025 | 2 351 153 € | 71 | 645 090 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2024
| 2018/19 | 2019/20 | 2020/21 | 2021/22 | 2022/23 | 2023/24 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 556 580 | 779 745 | 663 900 | 739 528 | 751 496 | 935 143 |
| Total non-current assets | 893 921 | 679 433 | 5 737 925 | 6 014 289 | 7 201 329 | 9 795 251 |
| Total assets | 1 450 501 | 1 459 178 | 6 401 825 | 6 753 817 | 7 952 825 | 10 730 394 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 342 584 | 714 503 | 627 221 | 810 882 | 794 168 | 969 644 |
| Non-current liabilities | 0 | 1 324 567 | 5962 | 0 | 118 362 | 1 052 944 |
| Total liabilities | 342 584 | 2 039 070 | 633 183 | 810 882 | 912 530 | 2 022 588 |
| Share capital | 56 352 | 56 352 | 56 352 | 56 352 | 56 352 | 56 352 |
| Retained earnings of previous periods | −205 856 | −245 866 | −1 933 675 | 4 414 859 | 4 589 151 | 5 686 512 |
| Profit for the year | −40 010 | −1 687 809 | 6 348 534 | 174 293 | 1 097 361 | 1 667 511 |
| Reserves and other equity | 1 297 431 | 1 297 431 | 1 297 431 | 1 297 431 | 1 297 431 | 1 297 431 |
| Total equity | 1 107 917 | −579 892 | 5 768 642 | 5 942 935 | 7 040 295 | 8 707 806 |
| Income statement | ||||||
| Sales revenue | 4 401 591 | 3 475 383 | 6 785 472 | 8 217 006 | 7 786 582 | 7 992 347 |
| Operating profit | −29 127 | −1 686 571 | 6 349 437 | 61 907 | 621 874 | 1 129 128 |
| EBITDA | 305 661 | −1 341 512 | 6 588 271 | 322 583 | 841 038 | 1 293 202 |
| Profit before income tax | −40 010 | −1 687 809 | 6 348 534 | 174 293 | 1 097 361 | 1 667 511 |
| Profit for the reporting year | −40 010 | −1 687 809 | 6 348 534 | 174 293 | 1 097 361 | 1 667 511 |
| Labour costs | 1 843 001 | 2 426 817 | 4 042 046 | 4 487 753 | 3 988 099 | 3 402 054 |
| Depreciation of non-current assets | 334 788 | 345 059 | 238 834 | 260 676 | 219 164 | 164 074 |
| Other indicators | ||||||
| Employees | 48 | 58 | 80 | 86 | 77 | 70 |
| Calculated dividend | — | 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.
Risks and obligations1 issue5 clear
Data from public registers, not a credit rating.
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Public procurement
7 contractsPublic contracts won worth 1 145 198 € from 5 contracting authorities (08.01.2024–10.07.2025).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Sõidukite GPS seadmete rent ja jälgimissüsteemi kaughaldusteenus 2025 - 2030 | aktsiaselts Eesti Raudtee | 100 000 € | 10.07.2025 |
| Peipsi kalalaevade ja lumesaanide jälgimisteenus | Keskkonnaministeeriumi Infotehnoloogiakeskus | 6 € | 22.04.2025 |
| Transpordiameti lepinguliste hooldeettevõtete korrashoiutööde jälgimise tarkvara kasutamise ja hoolde sõidukite GPS seireteenuse koondkaardil ostmine | Transpordiamet | 193 € | 17.04.2025 |
| GPS ja kütuseseire teenuse ost · Vedurite GPS- ja käigublokkide seireteenus | Eesti Energia AS | 25 000 € | 11.04.2024 |
| GPS ja kütuseseire teenuse ost · Eritehnika GPS- ja kütusesire teenus | Eesti Energia AS | 175 000 € | 11.04.2024 |
| GPS ja kütuseseire teenuse ost · Sõiduatode GPS seireteenus | Eesti Energia AS | 175 000 € | 11.04.2024 |
| Maismaasõidukite GPS seiresüsteemide teenuse tellimine | Politsei- ja Piirivalveamet | 670 000 € | 08.01.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Powerfleet Eesti OÜ
Overview
Powerfleet Eesti OÜ (registry code 10503340) is a private limited company (OÜ). The company was entered in the Commercial Register in 1998 and has been registered for 27 years. Registered location: Lasnamäe linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is data processing, data management, data brokerage and similar activities (EMTAK 63102). The company is registered for VAT (VAT number EE100263349).
Financial results
Revenue in financial year 2023/24 was 7 992 347 €, up 2,6% on the previous year (7 786 582 €). From 2018/19 to 2023/24, revenue grew by an average of 12,7% per year. Net profit for financial year 2023/24 was 1 667 511 € (20,9% of revenue). The company was profitable in 4 of the 6 published financial years. In financial year 2023/24 the company had 70 employees (77 a year earlier). Revenue per employee was 114 176 €. At the end of financial year 2023/24, total assets were 10 730 394 € and equity 8 707 806 € (81,2% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 2 554 632 €, up 15,9% on the same quarter a year earlier. The company had 62 employees in that quarter. Labour taxes paid in the quarter: 474 982 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4570 € per month.
Management and owners
The management board has 3 members. The sole owner of the company is POWERFLEET NORDICS OÜ.
Points to note
The annual report for financial year 2025 has not been filed on time.
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 2023/24) was filed on 05.04.2025. 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.