Turvax OÜRegistered
Tax debt 5584 € as of 30.09.2026 (incl. 5584 € in a payment schedule).Source: Tax and Customs Board
Key figures
203 064 €−38,9%
Revenue 2025
+12,0%
Average annual growth 2019–2025
Ratios
20253,3%
Profit margin
6,9%
EBITDA margin
88,5%
Equity ratio
6,5×
Current ratio
6,5%
Return on equity
793 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 42 537 € | 3 | 3074 € |
| Q1 2026 | 35 394 € | 3 | 2757 € |
| Q4 2025 | 46 749 € | 3 | 2693 € |
| Q3 2025 | 32 640 € | 3 | 2936 € |
| Q2 2025 | 62 213 € | 3 | 2727 € |
| Q1 2025 | 59 011 € | 4 | 2535 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 1567 € (2% of distributable profit).
History
20251567 €
20240 €
20233000 €
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 | 15 155 | 26 729 | 27 046 | 40 781 | 56 475 | 80 964 | 89 139 |
| Total non-current assets | 6952 | 13 222 | 36 631 | 32 098 | 35 712 | 31 986 | 28 859 |
| Total assets | 22 107 | 39 951 | 63 677 | 72 879 | 92 187 | 112 950 | 117 998 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 3952 | 3144 | 9628 | 17 612 | 9014 | 9189 | 13 613 |
| Non-current liabilities | — | 3877 | 16 866 | 12 549 | 8846 | 4610 | 0 |
| Total liabilities | 3952 | 7021 | 26 494 | 30 161 | 17 860 | 13 799 | 13 613 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 5758 | 15 656 | 30 430 | 34 683 | 37 218 | 71 827 | 95 084 |
| Profit for the year | 9897 | 14 774 | 4253 | 5535 | 34 609 | 24 824 | 6801 |
| Total equity | 18 155 | 32 930 | 37 183 | 42 718 | 74 327 | 99 151 | 104 385 |
| Income statement | |||||||
| Sales revenue | 102 774 | 53 140 | 60 232 | 98 552 | 207 153 | 332 505 | 203 064 |
| Operating profit | 9897 | 14 774 | 5746 | 7108 | 37 696 | 27 916 | 9751 |
| EBITDA | 11 837 | 17 404 | 9657 | 11 641 | 42 289 | 32 853 | 14 078 |
| Profit before income tax | 9897 | 14 774 | 4253 | 5535 | 35 359 | 24 824 | 7224 |
| Profit for the reporting year | 9897 | 14 774 | 4253 | 5535 | 34 609 | 24 824 | 6801 |
| Labour costs | 6550 | 12 518 | 19 620 | 25 569 | 46 611 | 46 891 | 29 961 |
| Depreciation of non-current assets | 1940 | 2630 | 3911 | 4533 | 4593 | 4937 | 4327 |
| Other indicators | |||||||
| Employees | 1 | 1 | 2 | 3 | 3 | 3 | 2 |
| Calculated dividend | — | 0 | 0 | 0 | 3000 | 0 | 1567 |
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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