Multimek Baltic OÜ

Registered
12307666Private limited company (OÜ)Founded 2012
Going concern uncertainty. In the 2021 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.

Key figures

16 579 901 €+12,4%
Revenue 2025
+8,8%
Average annual growth 2019–2025
010 m20 m30 m2019202020212022202320242025

Ratios

2025

Summary: Multimek Baltic OÜ

What kind of company is it?

Multimek Baltic OÜ (registry code 12307666) is a private limited company (OÜ). The company was entered in the Commercial Register in 2012 and has been registered for 14 years. Registered location: Kehra linn, Anija vald, Harju maakond. According to the latest annual report, the main activity is manufacture of other fabricated metal products n.e.c. (EMTAK 25991). The company is registered for VAT (VAT number EE101552677).

How is the company doing financially?

Revenue in financial year 2025 was 16 579 901 €, up 12,4% on the previous year (14 745 954 €). From 2019 to 2025, revenue grew by an average of 8,8% per year. Net profit for financial year 2025 was 830 573 € (5,0% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 69 employees (70 a year earlier). Revenue per employee was 240 288 €. At the end of financial year 2025, total assets were 9 199 828 € and equity 4 153 065 € (45,1% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 6 536 948 €, up 27,6% on the same quarter a year earlier. The company had 81 employees in that quarter. Labour taxes paid in the quarter: 322 972 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2480 € per month.

Who runs the company and who owns it?

The management board has 2 members. The sole owner of the company is Multimek OY.

What should you look out for?

In the report for financial year 2021, the auditor pointed to a material uncertainty about the company's ability to continue as a going concern.

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 03.03.2026. 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 20266 536 948 €81322 972 €
Q2 20267 448 380 €87312 066 €
Q1 20265 841 138 €80314 542 €
Q4 20256 439 531 €80295 499 €
Q3 20255 123 109 €69273 542 €
Q2 20255 653 362 €71266 977 €
Q1 20255 151 149 €70232 236 €

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 revenue16 813 11822 537 82115 181 99614 745 95416 579 901
Net profit230 2381 035 083699 110300 529830 573
Retained earnings1 055 0321 285 2702 320 3533 019 4633 319 992
Total assets5 921 1947 658 5947 340 9796 248 8259 199 828
Total liabilities4 633 4245 335 7414 319 0162 926 3335 046 763
Total equity1 287 7702 322 8533 021 9633 322 4924 153 065
Employees7478687069
Average gross salary (monthly)17631848206021432428
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 clear1 for information
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
Auditor's opinion
Unqualified
Business Register · 2025 annual report
Commercial pledges
4 pledges · 1 350 000 €
LHV Bank AS (4)
A pledge over the company's movable assets, usually securing a loan.
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%Multimek Baltic OÜMultimek OY1Matti Antero Hokkanen3Rinno Saviir
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

25 records

State aid and de minimis aid in total 2 306 544 € (2016–2026). Largest grantors: SA Keskkonnainvesteeringute Keskus (950 339 €), Maaelu Edendamise SA (800 000 €), Ettevõtluse ja Innovatsiooni Sihtasutus (542 183 €), Eesti Töötukassa (12 523 €).

Show all aid records (25)
20261776 €
202553 177 €
2024314 082 €
20229375 €
20201 040 467 €
2019886 664 €
20161004 €
GrantorPurposeAmountDate
Eesti TöötukassaPalgatoetus VTA82 €09.07.2026
Eesti TöötukassaPalgatoetus VTA1694 €17.02.2026
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee6974 €*13.08.2025
Ettevõtluse ja Innovatsiooni SihtasutusMuu40 000 €22.05.2025
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee2813 €*10.03.2025
Ettevõtluse ja Innovatsiooni SihtasutusMuu · Guarantee1960 €*10.03.2025
SA Keskkonnainvesteeringute KeskusMuu0 €26.02.2025
Eesti TöötukassaPalgatoetus VTA1430 €16.01.2025
SA Keskkonnainvesteeringute KeskusMuu8675 €08.10.2024
Ettevõtluse ja Innovatsiooni SihtasutusInvesteeringuteks ettenähtud regionaalabi (artikkel 14)201 240 €05.10.2024
Ettevõtluse ja Innovatsiooni SihtasutusProtsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29)86 350 €05.10.2024
Ettevõtluse ja Innovatsiooni SihtasutusKoolitusabi8500 €05.10.2024
Eesti TöötukassaPalgatoetus VTA9316 €19.04.2024
Ettevõtluse ja Innovatsiooni SihtasutusMuu7875 €26.08.2022
Tallinna TehnikaülikoolMuu500 €30.06.2022
Tallinna TehnikaülikoolMuu1000 €18.05.2022
Maaelu Edendamise SAKomisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" · Guarantee400 000 €23.11.2020
SA Keskkonnainvesteeringute KeskusMuu55 000 €31.08.2020
Ettevõtluse ja Innovatsiooni SihtasutusKomisjoni teatise jaotis 3.2 "Laenugarantiidena antav abi" · Guarantee15 319 €16.06.2020
Ettevõtluse ja Innovatsiooni SihtasutusKomisjoni teatise jaotis 3.2 "Laenugarantiidena antav abi" · Guarantee30 073 €16.06.2020
Ettevõtluse ja Innovatsiooni SihtasutusKomisjoni teatise jaotis 3.2 "Laenugarantiidena antav abi" · Guarantee47 080 €16.06.2020
Ettevõtluse ja Innovatsiooni SihtasutusKomisjoni teatise jaotis 3.2 "Laenugarantiidena antav abi" · Guarantee92 995 €16.06.2020
Maaelu Edendamise SAKomisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" · Guarantee400 000 €09.06.2020
SA Keskkonnainvesteeringute KeskusInvesteeringuteks ettenähtud regionaalabi (artikkel 14)886 664 €14.10.2019
Ettevõtluse ja Innovatsiooni SihtasutusKoolitus VTA1004 €12.09.2016

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 ↗

Annual reportsPDF, XBRL
YearFiles
2025DDOC/BDOCPDFXBRL
2024DDOC/BDOCPDFXBRL
2023DDOC/BDOCPDFXBRL
2022DDOC/BDOCPDFXBRL
2021DDOC/BDOCPDFXBRL
2020DDOC/BDOCPDFXBRL
2019DDOC/BDOCPDFXBRL

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

Related companies

Largest in the same sector — Manufacturing
Same activity — Manufacture of other fabricated metal products n.e.c.
Same address

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