Modulship OÜRegistered
Annual report for 2025 not filed.
Qualified audit opinion. 2023 report: Qualified.
Key figures
9 183 251 €−0,1%
Revenue 2024
+89,3%
Average annual growth 2019–2024
Ratios
20240,8%
Profit margin
1,0%
EBITDA margin
35,8%
Equity ratio
1,5×
Current ratio
12,6%
Return on equity
3782 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 3 326 856 € | 8 | 50 241 € |
| Q1 2026 | 2 415 360 € | 8 | 67 212 € |
| Q4 2025 | 2 784 867 € | 8 | 51 838 € |
| Q3 2025 | 2 094 629 € | 8 | 51 426 € |
| Q2 2025 | 2 180 065 € | 8 | 51 244 € |
| Q1 2025 | 1 753 697 € | 8 | 49 673 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2024
Distributed as dividends 64 000 € (11% of distributable profit).
History
202464 000 €
20230 €
20220 €
20210 €
20200 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 433 212 | 202 873 | 194 602 | 1 779 996 | 1 127 665 | 1 593 813 |
| Total non-current assets | — | — | — | 123 612 | 157 005 | 21 827 |
| Total assets | 433 212 | 202 873 | 194 602 | 1 903 608 | 1 284 670 | 1 615 640 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 424 576 | 197 894 | 188 698 | 1 569 175 | 714 241 | 1 036 494 |
| Non-current liabilities | — | — | — | — | — | — |
| Total liabilities | 424 576 | 197 894 | 188 698 | 1 569 175 | 714 241 | 1 036 494 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 5336 | 6136 | 2479 | 3402 | 331 933 | 503 929 |
| Profit for the year | 800 | −3657 | 925 | 328 531 | 235 996 | 72 717 |
| Total equity | 8636 | 4979 | 5904 | 334 433 | 570 429 | 579 146 |
| Income statement | ||||||
| Sales revenue | 377 690 | 143 200 | 300 900 | 4 350 977 | 9 189 362 | 9 183 251 |
| Operating profit | 800 | −3658 | 925 | 327 305 | 238 651 | 75 393 |
| EBITDA | — | — | — | — | 249 929 | 92 313 |
| Profit before income tax | 800 | −3657 | 925 | 328 531 | 235 996 | 88 717 |
| Profit for the reporting year | 800 | −3657 | 925 | 328 531 | 235 996 | 72 717 |
| Labour costs | 0 | 0 | 0 | 83 764 | 441 641 | 467 157 |
| Depreciation of non-current assets | — | — | — | — | 11 278 | 16 920 |
| Other indicators | ||||||
| Employees | 0 | 0 | 0 | 1 | 7 | 8 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 64 000 |
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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