Osaühing ALTAIRBALT

Registered
10970521Private limited company (OÜ)Founded 2003
Qualified audit opinion. 2023 report: Qualified.

Key figures

1 242 390 €−14,5%
Revenue 2025
−35,0%
Average annual change 2019–2025
05 m10 m15 m20 m2019202020212022202320242025

Ratios

2025

Summary: Osaühing ALTAIRBALT

What kind of company is it?

Osaühing ALTAIRBALT (registry code 10970521) is a private limited company (OÜ). The company was entered in the Commercial Register in 2003 and has been registered for 23 years. Registered location: Jõhvi linn, Jõhvi vald, Ida-Viru maakond. According to the latest annual report, the main activity is non-specialised wholesale trade (EMTAK 46901). The company is registered for VAT (VAT number EE100851926).

How is the company doing financially?

Revenue in financial year 2025 was 1 242 390 €, down 14,5% on the previous year (1 453 096 €). From 2019 to 2025, revenue declined by an average of 35,0% per year. This is the company's lowest revenue among the published years (2019–2025). Net profit for financial year 2025 was 35 102 € (2,8% of revenue). The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 14 employees (13 a year earlier). Revenue per employee was 88 742 €. At the end of financial year 2025, total assets were 1 663 651 € and equity 1 174 093 € (70,6% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 191 815 €, down 40,0% on the same quarter a year earlier. The company had 13 employees in that quarter. Labour taxes paid in the quarter: 25 405 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1320 € per month.

Who runs the company and who owns it?

The company has one management board member. The sole owner of the company is a private individual.

Where does the data come from and how fresh is it?

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: 20.09.2026. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 20.09.2026. 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.

Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q3 2026191 815 €1325 405 €
Q2 2026204 806 €1425 585 €
Q1 2026140 009 €1423 805 €
Q4 2025566 341 €1524 421 €
Q3 2025319 499 €1523 748 €
Q2 2025286 286 €1520 972 €
Q1 2025476 416 €1421 193 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Summary of financial statements2021–2025
20212022202320242025
Sales revenue6 944 9619 598 7773 265 0111 453 0961 242 390
Net profit−338 468−1 531 796457 023−818 37235 102
Retained earnings3 364 9803 026 5121 494 7161 951 7391 133 367
Total assets3 786 6232 728 3893 004 9242 050 2091 663 651
Total liabilities754 4871 228 0491 047 561911 218489 558
Total equity3 032 1361 500 3401 957 3631 138 9911 174 093
Employees1313131314
Average gross salary (monthly)9861110110311131145
Calculated dividend00000

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 notes6 clear
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
Filed late: 2023, 2024, 2025
Business Register · 2023–2025
Auditor's opinion
Qualified
Business Register · 2023 annual report
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph

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100%Osaühing ALTAIRBALT1Sergei Merkulov
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

6 records

State aid and de minimis aid in total 34 695 € (2017–2026). Largest grantors: Eesti Töötukassa (34 503 €), Ettevõtluse ja Innovatsiooni Sihtasutus (121 €), Sihtasutus Ida-Viru Ettevõtluskeskus (71 €).

Show all aid records (6)
202627 500 €
20217003 €
201971 €
2017121 €
GrantorPurposeAmountDate
Eesti TöötukassaKoolitus VTA27 500 €25.02.2026
Eesti TöötukassaPalgatoetus VTA4207 €13.05.2021
Eesti TöötukassaKoolitus VTA1760 €15.02.2021
Eesti TöötukassaPalgatoetus VTA1036 €11.01.2021
Sihtasutus Ida-Viru EttevõtluskeskusMuu71 €12.11.2019
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee121 €*14.08.2017

Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗

Change history

2 changes
  • 12.10.2026*Annual report 2025 filed
  • 20.09.2026Registry entry changed · contact details, activities

Entered in the register on 12.09.2003.

Source: Business Register change list and open data. * date the change was detected in open data (it happened between this and the previous data update).

Annual reportsPDF, XBRL
YearFiles
2025PDFXBRL
2024DDOC/BDOCPDFXBRL
2023DDOC/BDOCPDFXBRL
2022DDOC/BDOCPDFXBRL
2021DDOC/BDOCPDFXBRL
2020DDOC/BDOCPDFXBRL
2019DDOC/BDOCPDFXBRL

Source: e-Business Register (RIK). Files open/download directly from the official register.

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