Folk Massidesse OÜ

Registered
11437970Private limited company (OÜ)Founded 2007

Key figures

111 627 €−2,9%
Revenue 2025
−8,5%
Average annual change 2019–2025
0100 k200 k300 k400 k2019202020212022202320242025

Ratios

2025

Summary: Folk Massidesse OÜ

What kind of company is it?

Folk Massidesse OÜ (registry code 11437970) is a private limited company (OÜ). The company was entered in the Commercial Register in 2007 and has been registered for 19 years. Registered location: Värska alevik, Setomaa vald, Võru maakond. According to the latest annual report, the main activity is stage performance by musicians (EMTAK 90202). The company is registered for VAT (VAT number EE101782654).

How is the company doing financially?

Revenue in financial year 2025 was 111 627 €, down 2,9% on the previous year (114 976 €). From 2019 to 2025, revenue declined by an average of 8,5% per year. This is the company's lowest revenue among the published years (2019–2025). Net profit for financial year 2025 was 32 540 € (29,2% of revenue). The company was profitable in 4 of the 7 published financial years. According to the report, the company had no employees in financial year 2025. At the end of financial year 2025, total assets were 214 278 € and equity 129 584 € (60,5% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 3390 €, down 86,9% on the same quarter a year earlier.

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. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 15.09.2026. 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 20263390 €—0 €
Q2 20266714 €—598 €
Q1 202630 317 €1875 €
Q4 202543 901 €1831 €
Q3 202525 972 €1831 €
Q2 202516 136 €1831 €
Q1 202518 221 €1798 €

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

Dividends

calculated
2025

No dividends were distributed.

History
20250 €
20240 €
20231037 €
2022612 €
20210 €
20200 €
Summary of financial statements2021–2025
20212022202320242025
Sales revenue315 839304 803290 001114 976111 627
Net profit58 101−47 05880 715−828132 540
Retained earnings12 67370 16222 067102 49894 217
Total assets189 253203 638227 925181 044214 278
Total liabilities115 652177 707122 31684 00084 694
Total equity73 60125 931105 60997 044129 584
Employees10000
Average gross salary (monthly)659————
Calculated dividend0612103700

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
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
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph

Click a node to see its other connections.

100%Folk Massidesse OÜ5Jalmar Vabarna
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

25 records

State aid and de minimis aid in total 139 730 € (2016–2023). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (116 054 €), Põllumajanduse Registrite ja Informatsiooni Amet (15 336 €), Kultuuriministeerium (8340 €).

Show all aid records (25)
20234340 €
20229747 €
20218221 €
20201323 €
20193120 €
2018653 €
201749 218 €
201663 108 €
GrantorPurposeAmountDate
KultuuriministeeriumKultuuri edendamiseks ja kultuuripärandi säilitamiseks antav abi (artikkel 53) -tegevusabi4340 €14.02.2023
Ettevõtluse ja Innovatsiooni SihtasutusMuu2778 €30.04.2022
Ettevõtluse ja Innovatsiooni SihtasutusMuu2969 €31.03.2022
KultuuriministeeriumKultuuri edendamiseks ja kultuuripärandi säilitamiseks antav abi (artikkel 53) -tegevusabi4000 €31.01.2022
Ettevõtluse ja Innovatsiooni SihtasutusMuu4304 €31.12.2021
Ettevõtluse ja Innovatsiooni SihtasutusMuu2336 €30.09.2021
Ettevõtluse ja Innovatsiooni SihtasutusMuu768 €30.06.2021
Ettevõtluse ja Innovatsiooni SihtasutusMuu768 €31.03.2021
Ettevõtluse ja Innovatsiooni SihtasutusMuu6 €11.03.2021
Ettevõtluse ja Innovatsiooni SihtasutusMuu39 €12.02.2021
Ettevõtluse ja Innovatsiooni SihtasutusMuu42 €31.12.2020
Ettevõtluse ja Innovatsiooni SihtasutusMuu968 €31.12.2020
Ettevõtluse ja Innovatsiooni SihtasutusMuu313 €23.11.2020
Ettevõtluse ja Innovatsiooni SihtasutusMuu VTA611 €27.10.2019
Ettevõtluse ja Innovatsiooni SihtasutusMuu260 €10.05.2019
Ettevõtluse ja Innovatsiooni SihtasutusMuu1740 €30.04.2019
Ettevõtluse ja Innovatsiooni SihtasutusMuu509 €30.04.2019
Ettevõtluse ja Innovatsiooni SihtasutusMuu414 €07.12.2018
Ettevõtluse ja Innovatsiooni SihtasutusMuu208 €06.10.2018
Ettevõtluse ja Innovatsiooni SihtasutusMuu31 €23.01.2018
Ettevõtluse ja Innovatsiooni SihtasutusMuu49 162 €26.07.2017
Ettevõtluse ja Innovatsiooni SihtasutusMuu41 €29.03.2017
Ettevõtluse ja Innovatsiooni SihtasutusMuu15 €15.03.2017
Põllumajanduse Registrite ja Informatsiooni AmetInvesteeringud15 336 €08.07.2016
Ettevõtluse ja Innovatsiooni SihtasutusMuu47 772 €08.07.2016

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

1 change
  • 12.10.2026*Annual report 2025 filed

Entered in the register on 07.11.2007.

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

Loading list of reports…

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

Related companies

Largest in the same sector — Arts, entertainment and recreation
Same activity — Stage performance by musicians
Same address

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