Iron Baltic Osaühing
RegisteredKey figures
Ratios
2025Summary: Iron Baltic Osaühing
What kind of company is it?
Iron Baltic Osaühing (registry code 11296357) 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: Vääna küla, Harku vald, Harju maakond. According to the latest annual report, the main activity is manufacture of other fabricated metal products n.e.c. (EMTAK 25991). The company is registered for VAT (VAT number EE101096269).
How is the company doing financially?
Revenue in financial year 2025 was 11 202 955 €, up 1,3% on the previous year (11 054 181 €). From 2019 to 2025, revenue grew by an average of 13,9% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 698 321 € (6,2% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 44 employees (43 a year earlier). Revenue per employee was 254 613 €. At the end of financial year 2025, total assets were 12 158 553 € and equity 7 029 845 € (57,8% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 2 695 761 €, up 5,6% on the same quarter a year earlier. The company had 50 employees in that quarter. Labour taxes paid in the quarter: 198 902 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2470 € per month.
Who runs the company and who owns it?
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) 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 10.07.2026. 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 | 2 695 761 € | 50 | 198 902 € |
| Q2 2026 | 3 168 913 € | 49 | 194 985 € |
| Q1 2026 | 3 199 613 € | 47 | 213 667 € |
| Q4 2025 | 4 088 278 € | 44 | 230 410 € |
| Q3 2025 | 2 553 148 € | 46 | 205 714 € |
| Q2 2025 | 2 725 311 € | 44 | 212 437 € |
| Q1 2025 | 2 996 773 € | 47 | 209 615 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 199 999 € (3% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 8 922 560 | 10 165 746 | 9 554 023 | 11 054 181 | 11 202 955 |
| Net profit | 877 364 | 1 424 359 | 1 372 019 | 887 988 | 698 321 |
| Retained earnings | 2 066 981 | 2 944 345 | 4 368 704 | 5 640 723 | 6 328 712 |
| Total assets | 3 840 111 | 5 035 871 | 8 427 168 | 11 872 043 | 12 158 553 |
| Total liabilities | 892 954 | 664 355 | 2 683 633 | 5 340 520 | 5 128 708 |
| Total equity | 2 947 157 | 4 371 516 | 5 743 535 | 6 531 523 | 7 029 845 |
| Employees | 41 | 39 | 40 | 43 | 44 |
| Average gross salary (monthly) | 1997 | 2261 | 2335 | 2507 | 2871 |
| Calculated dividend | 0 | 0 | 0 | 100 000 | 199 999 |
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 note1 for information6 clear
Data from public registers, not a credit rating.
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State aid and grants
17 recordsState aid and de minimis aid in total 674 392 € (2017–2025). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (672 832 €), Tallinna Tehnikaülikool (1560 €), Kliimaministeerium (0 €).
Show all aid records (17)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Protsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29) | 20 000 € | 28.04.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitusabi | 5000 € | 28.04.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 214 000 € | 28.04.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele nõustamiseks antav abi (artikkel 18) | 6250 € | 05.06.2024 |
| Tallinna Tehnikaülikool | Koolitus VTA | 960 € | 10.04.2024 |
| Tallinna Tehnikaülikool | Muu | 600 € | 03.04.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu · Soft loan | 74 567 €* | 22.11.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 8560 € | 31.08.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 92 955 € | 07.08.2020 |
| Kliimaministeerium | Nõustamine VTA | 0 € | 08.05.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 189 450 € | 26.07.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele messidel osalemiseks antav abi (artikkel 19) | 6750 € | 26.07.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Teadus- ja arendusprojektidele antav abi (artikkel 25 lõike 2 punkt c) - tootearendus | 4500 € | 26.07.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Protsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29) | 36 000 € | 26.07.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele antav innovatsiooniabi (artikkel 28) | 4500 € | 26.07.2018 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 5220 € | 15.11.2017 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 5080 € | 02.11.2017 |
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 ↗
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