Admirals Group AS
RegisteredKey figures
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2025Summary: Admirals Group AS
What kind of company is it?
Admirals Group AS (registry code 11838516) is a public limited company (AS). The company was entered in the Commercial Register in 2009 and has been registered for 16 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is activities of holding companies (EMTAK 64211). The company is registered for VAT (VAT number EE101695233).
How is the company doing financially?
Revenue in financial year 2025 was 295 000 €, down 99,2% on the previous year (38 408 970 €). From 2019 to 2025, revenue declined by an average of 5,5% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 1 304 000 €. The company was profitable in 5 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 18 219 000 € and equity 2 014 000 € (11,1% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 45 348 €, down 54,6% on the same quarter a year earlier. Labour taxes paid in the quarter: 15 395 €.
Who runs the company and who owns it?
The management board has 2 members. The supervisory board has 4 members.
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 27.05.2026. 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 (549300906IGR87BLLY36) 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 | 45 348 € | — | 15 395 € |
| Q2 2026 | 27 303 € | — | 12 549 € |
| Q1 2026 | −33 394 € | — | 16 824 € |
| Q4 2025 | 129 656 € | — | 13 371 € |
| Q3 2025 | 99 813 € | — | 8329 € |
| Q2 2025 | 117 022 € | — | 0 € |
| Q1 2025 | 167 719 € | — | 4073 € |
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 | 491 761 | 606 481 | 577 968 | 38 408 970 | 295 000 |
| Net profit | 2 573 000 | 256 000 | 2 284 000 | −659 000 | −1 304 000 |
| Retained earnings | 1 253 000 | 4 036 000 | 1 714 000 | 4 158 000 | 4 261 000 |
| Total assets | 13 486 037 | 19 529 523 | 19 297 885 | 79 847 848 | 18 219 000 |
| Total liabilities | — | — | — | — | — |
| Total equity | 3 996 000 | 4 252 000 | 3 958 000 | 3 318 000 | 2 014 000 |
| Employees | 1 | 0 | 0 | 234 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report. † Figures for the marked years come from a report filed as PDF and may be incomplete.
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 16 776 € (2023). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (16 776 €).
Show all aid records (2)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 8985 € | 14.09.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 7791 € | 27.02.2023 |
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
2 changes- 12.10.2026*Left: Management board member Eduard Kelvet
- 12.10.2026*Left: Supervisory board member Olga Senjuškina
Entered in the register on 30.12.2009.
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).
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