osaühing Balmax
RegisteredKey figures
Ratios
2025Summary: osaühing Balmax
What kind of company is it?
Osaühing Balmax (registry code 11539280) is a private limited company (OÜ). The company was entered in the Commercial Register in 2008 and has been registered for 18 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is wholesale of agricultural machinery, equipment and accessories (EMTAK 46611). The company is registered for VAT (VAT number EE101260862).
How is the company doing financially?
Revenue in financial year 2025 was 4 231 220 €, up 4,2% on the previous year (4 058 838 €). From 2019 to 2025, revenue grew by an average of 7,5% per year. Net profit for financial year 2025 was 10 300 € (0,2% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 6 employees (7 a year earlier). Revenue per employee was 705 203 €. At the end of financial year 2025, total assets were 837 995 € and equity 394 723 € (47,1% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 623 020 €, down 47,1% on the same quarter a year earlier. The company had 5 employees in that quarter. Labour taxes paid in the quarter: 14 985 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1910 € 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. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 25.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (648822HIDU79FLI81733) comes from the GLEIF database. 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 | 623 020 € | 5 | 14 985 € |
| Q2 2026 | 1 020 228 € | 4 | 16 092 € |
| Q1 2026 | 854 791 € | 5 | 14 645 € |
| Q4 2025 | 554 472 € | 4 | 17 490 € |
| Q3 2025 | 1 177 618 € | 5 | 22 377 € |
| Q2 2025 | 1 232 041 € | 6 | 20 149 € |
| Q1 2025 | 1 399 167 € | 6 | 21 951 € |
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.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 2 516 155 | 3 036 063 | 5 650 891 | 4 058 838 | 4 231 220 |
| Net profit | 52 455 | 191 035 | 306 644 | −172 049 | 10 300 |
| Retained earnings | 311 219 | 363 674 | 429 709 | 445 190 | 381 867 |
| Total assets | 898 180 | 1 216 471 | 1 769 955 | 1 279 870 | 837 995 |
| Total liabilities | 531 950 | 659 206 | 1 031 046 | 1 004 173 | 443 272 |
| Total equity | 366 230 | 557 265 | 738 909 | 275 697 | 394 723 |
| Employees | 3 | 5 | 7 | 7 | 6 |
| Average gross salary (monthly) | 1305 | 1338 | 1493 | 1742 | 1815 |
| Calculated dividend | 49 999 | 0 | 125 000 | 291 163 | 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 obligationsAll clear1 for information
Data from public registers, not a credit rating.
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State aid and grants
2 recordsState aid and de minimis aid in total 303 570 € (2020–2026). Largest grantors: Maaelu Edendamise SA (300 000 €), Eesti Töötukassa (3570 €).
Show all aid records (2)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 3570 € | 04.01.2026 |
| Maaelu Edendamise SA | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" · Guarantee | 300 000 € | 31.12.2020 |
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 ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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