Palms Art Group OÜRegistered
Key figures
3587 €−66,3%
Revenue 2025
+23,8%
Average annual growth 2019–2025
Ratios
2025−67,9%
Profit margin
89,7%
Equity ratio
7,5×
Current ratio
−63,3%
Return on equity
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 560 € | 1 | 0 € |
| Q1 2026 | 787 € | 1 | 0 € |
| Q4 2025 | 1195 € | 1 | — |
| Q3 2025 | 80 € | 1 | 0 € |
| Q2 2025 | 609 € | 1 | 0 € |
| Q1 2025 | 1144 € | 1 | 0 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 309 | 1228 | 6825 | 10 246 | 5897 | 3279 | 3304 |
| Total non-current assets | 3428 | 3085 | 0 | 0 | 0 | 3000 | 982 |
| Total assets | 3737 | 4313 | 6825 | 10 246 | 5897 | 6279 | 4286 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 6087 | 5013 | 325 | 0 | 0 | 0 | 441 |
| Non-current liabilities | — | — | 4000 | 4589 | 0 | 0 | 0 |
| Total liabilities | 6087 | 5013 | 4325 | 4589 | 0 | 0 | 441 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | −3180 | −4850 | −700 | 0 | 5657 | 5897 | 3779 |
| Profit for the year | −1670 | 1650 | 700 | 3157 | 240 | −2118 | −2434 |
| Reserves and other equity | — | — | — | — | −2500 | — | — |
| Total equity | −2350 | −700 | 2500 | 5657 | 5897 | 6279 | 3845 |
| Income statement | |||||||
| Sales revenue | 998 | 1777 | 6470 | 25 317 | 33 205 | 10 659 | 3587 |
| Operating profit | −1652 | 1650 | 700 | 3157 | 240 | −2118 | −2434 |
| Profit before income tax | −1670 | 1650 | 700 | 3157 | 240 | −2118 | −2434 |
| Profit for the reporting year | −1670 | 1650 | 700 | 3157 | 240 | −2118 | −2434 |
| Labour costs | 0 | 0 | 348 | 17 661 | 9705 | 729 | 0 |
| Depreciation of non-current assets | — | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| 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.
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Same address