Michel Estonian Agency OÜRegistered
Key figures
93 393 €+169,5%
Revenue 2025
+10,9%
Average annual growth 2019–2025
Ratios
202522,3%
Profit margin
27,8%
EBITDA margin
80,2%
Equity ratio
14×
Current ratio
60,2%
Return on equity
664 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 12 340 € | 1 | 797 € |
| Q1 2026 | 1445 € | 1 | 271 € |
| Q4 2025 | 16 034 € | 1 | 937 € |
| Q3 2025 | 57 308 € | 1 | 812 € |
| Q2 2025 | 18 190 € | 1 | 812 € |
| Q1 2025 | 2812 € | 1 | 661 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
No dividends were distributed.
Equity decreased by 6000 € in ways other than from retained earnings — e.g. a share capital reduction, a payout from other reserves or a revaluation reserve adjustment. The open data does not show whether this was a payout to the owners.
History
dividend other equity decrease
20250 €+6000 € other
20240 €
20230 €
20220 €
20210 €
20200 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 10 929 | 29 338 | 23 728 | 12 129 | 7251 | 9529 | 13 821 |
| Total non-current assets | 13 637 | 11 487 | 21 825 | 25 946 | 15 117 | 11 003 | 29 193 |
| Total assets | 24 566 | 40 825 | 45 553 | 38 075 | 22 368 | 20 532 | 43 014 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 19 653 | 36 912 | 44 244 | 23 712 | 6643 | 808 | 971 |
| Non-current liabilities | — | — | — | 7816 | 0 | 0 | 7525 |
| Total liabilities | 19 653 | 36 912 | 44 244 | 31 528 | 6643 | 808 | 8496 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 21 457 | 2413 | 1413 | −32 191 | −26 953 | −17 775 | −43 776 |
| Profit for the year | −19 044 | −1000 | −33 604 | 5238 | 9178 | −26 001 | 20 794 |
| Reserves and other equity | — | — | 31 000 | 31 000 | 31 000 | 61 000 | 55 000 |
| Total equity | 4913 | 3913 | 1309 | 6547 | 15 725 | 19 724 | 34 518 |
| Income statement | |||||||
| Sales revenue | 50 165 | 32 617 | 74 513 | 23 607 | 77 044 | 34 653 | 93 393 |
| Operating profit | −19 044 | −1000 | −33 604 | 5192 | 8000 | −26 001 | 20 935 |
| EBITDA | −17 043 | 924 | −30 775 | 7993 | 12 739 | −21 887 | 25 959 |
| Profit before income tax | −19 044 | −1000 | −33 604 | 5238 | 9178 | −26 001 | 20 794 |
| Profit for the reporting year | −19 044 | −1000 | −33 604 | 5238 | 9178 | −26 001 | 20 794 |
| Labour costs | 4613 | 3126 | 12 813 | 0 | 1079 | 1748 | 3722 |
| Depreciation of non-current assets | 2001 | 1924 | 2829 | 2801 | 4739 | 4114 | 5024 |
| Other indicators | |||||||
| Employees | 2 | 1 | 1 | 0 | 1 | 1 | 1 |
| Calculated dividend | — | 0 | 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.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Related companies
Same activity — Construction of other civil engineering projects n.e.c.
Same address