Ships Conversion osaühing
RegisteredKey figures
Ratios
2025Summary: Ships Conversion osaühing
What kind of company is it?
Ships Conversion osaühing (registry code 11250958) is a private limited company (OÜ). The company was entered in the Commercial Register in 2006 and has been registered for 20 years. Registered location: Põhja-Tallinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is repair and maintenance of civilian ships and boats (EMTAK 33151). The company is registered for VAT (VAT number EE101370037).
How is the company doing financially?
Revenue in financial year 2025 was 2 655 644 €, up 111% on the previous year (1 257 888 €). From 2019 to 2025, revenue grew by an average of 13,4% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 118 834 € (4,5% of revenue). The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 23 employees (15 a year earlier). Revenue per employee was 115 463 €. At the end of financial year 2025, total assets were 438 971 € and equity 324 632 € (74,0% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 303 006 €, down 45,7% on the same quarter a year earlier. The company had 18 employees in that quarter. Labour taxes paid in the quarter: 56 036 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1980 € per month.
Who runs the company and who owns it?
The company has one management board member. According to the register, the company has 2 owners. The largest stake (98,1%) is held by 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. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 19.07.2026. 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.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 303 006 € | 18 | 56 036 € |
| Q2 2026 | 279 055 € | 34 | 44 078 € |
| Q1 2026 | 502 485 € | 28 | 38 941 € |
| Q4 2025 | 927 974 € | 17 | 44 283 € |
| Q3 2025 | 558 131 € | 34 | 42 884 € |
| Q2 2025 | 620 502 € | 27 | 43 341 € |
| Q1 2025 | 390 318 € | 30 | 27 769 € |
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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 1 620 837 | 802 566 | 947 932 | 1 257 888 | 2 655 644 |
| Net profit | −71 261 | −33 809 | 100 465 | 32 734 | 118 834 |
| Retained earnings | 175 113 | 103 852 | 70 043 | 170 508 | 203 242 |
| Total assets | 236 079 | 114 101 | 255 658 | 287 570 | 438 971 |
| Total liabilities | 129 671 | 41 502 | 82 594 | 81 772 | 114 339 |
| Total equity | 106 408 | 72 599 | 173 064 | 205 798 | 324 632 |
| Employees | 15 | 15 | 15 | 15 | 23 |
| Average gross salary (monthly) | 935 | 923 | 951 | 969 | 1326 |
| 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 note6 clear
Data from public registers, not a credit rating.
Connections graph
Click a node to see its other connections.
Annual reportsPDF, XBRL
Loading list of reports…
Source: e-Business Register (RIK). Files open/download directly from the official register.
Related companies
- Ericsson Eesti Aktsiaselts417 m €
- Enefit Industry OÜ320 m €
- VKG OIL AS274 m €
- Foxway OÜ251 m €
- AS Maag Eesti191 m €