SRC Estonia ASRegistered
Key figures
Ratios
2024Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 3 727 439 € | 31 | 206 450 € |
| Q2 2026 | 2 086 468 € | 30 | 122 156 € |
| Q1 2026 | 3 928 768 € | 29 | 191 355 € |
| Q4 2025 | 4 802 427 € | 29 | 199 656 € |
| Q3 2025 | 3 463 531 € | 31 | 235 548 € |
| Q2 2025 | 7 212 556 € | 33 | 227 358 € |
| Q1 2025 | 3 340 701 € | 32 | 256 004 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 1 553 754 | 4 015 098 | 2 949 928 | 3 715 195 | 6 125 883 | 5 306 303 |
| Total non-current assets | 514 287 | 449 085 | 481 901 | 601 413 | 949 403 | 1 165 083 |
| Total assets | 2 068 041 | 4 464 183 | 3 431 829 | 4 316 608 | 7 075 286 | 6 471 386 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 4 080 937 | 1 763 620 | 3 182 298 | 5 717 490 | 8 354 298 | 5 577 864 |
| Non-current liabilities | 59 379 | 29 436 | 0 | — | 1933 | 25 040 |
| Total liabilities | 4 140 316 | 1 793 056 | 3 182 298 | 5 717 490 | 8 356 231 | 5 602 904 |
| Share capital | 25 200 | 25 200 | 25 200 | 25 200 | 25 200 | 25 200 |
| Retained earnings of previous periods | 173 753 | −2 469 991 | 173 411 | −148 185 | −2 206 598 | −2 086 661 |
| Profit for the year | −2 643 744 | 4 743 402 | −321 596 | −2 058 413 | 119 937 | −1 307 173 |
| Reserves and other equity | 372 516 | 372 516 | 372 516 | 780 516 | 780 516 | 4 237 116 |
| Total equity | −2 072 275 | 2 671 127 | 249 531 | −1 400 882 | −1 280 945 | 868 482 |
| Income statement | ||||||
| Sales revenue | 12 807 423 | 21 530 598 | 13 665 850 | 12 103 494 | 27 362 493 | 15 923 271 |
| Operating profit | −2 613 372 | 4 830 952 | 225 418 | −1 894 827 | 291 566 | −1 078 323 |
| EBITDA | −2 435 429 | 4 994 540 | 366 029 | −1 759 054 | 435 116 | −899 952 |
| Profit before income tax | −2 643 744 | 4 743 402 | 203 404 | −2 058 413 | 119 937 | −1 307 173 |
| Profit for the reporting year | −2 643 744 | 4 743 402 | −321 596 | −2 058 413 | 119 937 | −1 307 173 |
| Labour costs | 1 497 205 | 1 919 279 | 1 807 149 | 1 643 628 | 1 935 515 | 2 395 193 |
| Depreciation of non-current assets | 177 943 | 163 588 | 140 611 | 135 773 | 143 550 | 178 371 |
| Other indicators | ||||||
| Employees | 30 | 49 | 48 | 39 | 33 | 38 |
| Calculated dividend | — | 0 | 2 100 000 | 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 obligations2 issues1 note3 clear
Data from public registers, not a credit rating.
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Public procurement
6 contractsPublic contracts won worth 348 293 € from 1 contracting authorities (16.10.2023–12.10.2026).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Vraki toestusraami tööd II | Sihtasutus Eesti Meremuuseum | 73 909 € | 12.10.2026 |
| Vraki toestusraami tööd | Sihtasutus Eesti Meremuuseum | 68 814 € | 13.07.2026 |
| Päästelaeva ANITA renoveerimine ekponaadiks | Sihtasutus Eesti Meremuuseum | 86 990 € | 02.07.2026 |
| Lennusadama välialal muuseumilaevade ümberpaigutamine | Sihtasutus Eesti Meremuuseum | 42 890 € | 24.04.2025 |
| Muuseumilaeva SUUR TÕLL masinaruumide käigutee remonditööd | Sihtasutus Eesti Meremuuseum | 29 000 € | 21.02.2024 |
| Muuseumilaevade seiresüsteemi väljaehitamine | Sihtasutus Eesti Meremuuseum | 46 690 € | 16.10.2023 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: SRC Estonia AS
Overview
SRC Estonia AS (registry code 10705931) is a public limited company (AS). The company was entered in the Commercial Register in 2000 and has been registered for 25 years. Registered location: Aaviku küla, Rae vald, Harju maakond. According to the latest annual report, the main activity is tsiviillaevade ja -paatide remont ja hooldus (EMTAK 33151). The company is registered for VAT (VAT number EE100652109).
Financial results
Revenue in financial year 2024 was 15 923 271 €, down 41,8% on the previous year (27 362 493 €). From 2019 to 2024, revenue grew by an average of 4,5% per year. Financial year 2024 ended with a loss of 1 307 173 €. The company was profitable in 2 of the 6 published financial years. In financial year 2024 the company had 38 employees (33 a year earlier). Revenue per employee was 419 033 €. At the end of financial year 2024, total assets were 6 471 386 € and equity 868 482 € (13,4% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 3 727 439 €, up 7,6% on the same quarter a year earlier. The company had 31 employees in that quarter. Labour taxes paid in the quarter: 206 450 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4000 € per month.
Management and owners
The management board has 2 members. The supervisory board has 3 members. The sole owner of the company is SRC Group OÜ.
Points to note
The annual report for financial year 2025 has not been filed on time. In the report for financial year 2023, the auditor pointed to a material uncertainty about the company's ability to continue as a going concern.
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. Latest register change: 13.10.2026. Financial figures come from annual reports; the latest report (financial year 2024) was filed on 02.10.2025. 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.