Panbaltica Scandinavia OÜ

Registered
11766389Private limited company (OÜ)Founded 2009

Key figures

376 676 €−28,9%
Revenue 2025
−14,4%
Average annual change 2019–2025
0250 k500 k750 k1 m2019202020212022202320242025

Ratios

2025

Summary: Panbaltica Scandinavia OÜ

What kind of company is it?

Panbaltica Scandinavia OÜ (registry code 11766389) is a private limited company (OÜ). The company was entered in the Commercial Register in 2009 and has been registered for 16 years. Registered location: Alliku küla, Saue vald, Harju maakond. According to the latest annual report, the main activity is tour operator activities (EMTAK 79121). The company is registered for VAT (VAT number EE101332729).

How is the company doing financially?

Revenue in financial year 2025 was 376 676 €, down 28,9% on the previous year (529 837 €). From 2019 to 2025, revenue declined by an average of 14,4% per year. Net profit for financial year 2025 was 1232 € (0,3% of revenue). The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 376 676 €. At the end of financial year 2025, total assets were 68 412 € and equity 4538 € (6,6% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 72 841 €, up 8,2% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 1180 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 880 € per month.

Who runs the company and who owns it?

The management board has 2 members. 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 09.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. 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 202672 841 €11180 €
Q2 2026254 192 €1785 €
Q1 202677 326 €11311 €
Q4 202592 890 €1998 €
Q3 202567 318 €1373 €
Q2 2025141 109 €1770 €
Q1 202570 192 €—751 €

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 revenue78 043290 589415 594529 837376 676
Net profit−365165188−1151232
Retained earnings763398563751494
Total assets80 85360 29950 34562 50568 412
Total liabilities77 78557 06646 92459 19963 874
Total equity30683233342133064538
Employees11111
Average gross salary (monthly)—420———
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 obligationsAll 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
All on time
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
100%Panbaltica Scandinavi…Ole Michael RasmussenEle Rasmussen
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

15 records

State aid and de minimis aid in total 23 045 € (2014–2026). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (23 045 €).

Show all aid records (15)
202634 €
20254 €
202439 €
202334 €
20222 €
2021951 €
202021 668 €
201965 €
GrantorPurposeAmountDate
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee34 €*12.10.2026
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee4 €*28.10.2025
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee39 €*14.10.2024
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee34 €*24.10.2023
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee2 €*03.11.2022
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee32 €*08.11.2021
Ettevõtluse ja Innovatsiooni SihtasutusMuu turundus VTA919 €28.01.2021
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee76 €*21.10.2020
Ettevõtluse ja Innovatsiooni SihtasutusMuu turundus VTA219 €10.09.2020
Ettevõtluse ja Innovatsiooni SihtasutusKomisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi"21 373 €19.05.2020
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee65 €*11.10.2019
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee68 €*13.11.2017
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee53 €*11.11.2015
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee53 €*24.11.2014
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee74 €*15.07.2014

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

Loading list of reports…

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

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