Baltania OÜ
RegisteredKey figures
Ratios
2025Summary: Baltania OÜ
What kind of company is it?
Baltania OÜ (registry code 12137603) is a private limited company (OÜ). The company was entered in the Commercial Register in 2011 and has been registered for 15 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is manufacture of solid fuels from vegetable biomass (EMTAK 16261). The company is registered for VAT (VAT number EE101731197).
How is the company doing financially?
Revenue in financial year 2025 was 122 784 €, down 12,5% on the previous year (140 258 €). From 2021 to 2025, revenue grew by an average of 145% per year. Financial year 2025 ended with a loss of 5 294 660 €. The company made a loss in all 7 published financial years. In financial year 2025 the company had 9 employees (13 a year earlier). Revenue per employee was 13 643 €.
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 13 958 €, up 3002% on the same quarter a year earlier. The company had 8 employees in that quarter. Labour taxes paid in the quarter: 59 187 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4420 € per month.
Who runs the company and who owns it?
The management board has 2 members. The sole owner of the company is BTSE Holding OÜ.
What should you look out for?
Equity was negative at the end of financial year 2025 (−5 203 411 €). Equity is below half of the share capital (182 500 €); in this case the Commercial Code requires measures to restore equity.
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 30.06.2026. 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
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 13 958 € | 8 | 59 187 € |
| Q2 2026 | 55 656 € | 7 | 77 420 € |
| Q1 2026 | 0 € | 9 | 70 382 € |
| Q4 2025 | 69 908 € | 8 | 64 524 € |
| Q3 2025 | 450 € | 9 | 64 331 € |
| Q2 2025 | 14 331 € | 9 | 59 444 € |
| Q1 2025 | 51 200 € | 9 | 73 091 € |
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 | 3400 | 325 608 | 1 142 831 | 140 258 | 122 784 |
| Net profit | −183 542 | −6 381 684 | −20 238 942 | −19 053 532 | −5 294 660 |
| Retained earnings | −1 076 432 | −1 259 972 | −7 641 656 | −27 880 598 | −46 934 130 |
| Total assets | 43 790 374 | 51 268 863 | 36 396 204 | 21 479 833 | 20 149 325 |
| Total liabilities | 29 774 848 | 43 635 019 | 47 701 302 | 40 442 116 | 25 352 736 |
| Total equity | 14 015 526 | 7 633 844 | −11 305 098 | −18 962 283 | −5 203 411 |
| Employees | 19 | 24 | 24 | 13 | 9 |
| Average gross salary (monthly) | 745 | 2544 | 2852 | 3918 | 4092 |
| Calculated dividend | 0 | 0 | 0 | 0 | 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 obligations2 notes6 clear
Data from public registers, not a credit rating.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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