ASAX INNOVATION OÜ
RegisteredKey figures
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2025Summary: ASAX INNOVATION OÜ
What kind of company is it?
ASAX INNOVATION OÜ (registry code 16907989) is a private limited company (OÜ). The company was entered in the Commercial Register in 2024 and has been registered for 2 years. Registered location: Matapera küla, Viljandi vald, Viljandi maakond. According to the latest annual report, the main activity is manufacture of motor vehicles (EMTAK 29101). The company is registered for VAT (VAT number EE102701197).
How is the company doing financially?
Revenue in financial year 2025 was 150 503 €, down 19,5% on the previous year (186 871 €). Financial year 2025 ended with a loss of 102 915 €. In financial year 2025 the company had 4 employees (2 a year earlier). Revenue per employee was 37 626 €. At the end of financial year 2025, total assets were 130 577 € and equity 7396 € (5,7% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 7576 €, down 24,3% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 26 985 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 5330 € per month.
Who runs the company and who owns it?
The management board has 3 members. According to the register, the company has 8 owners. The largest stake (32,8%) is held by Heki OÜ.
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 14.05.2026. 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
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 7576 € | 3 | 26 985 € |
| Q2 2026 | 332 327 € | 3 | 13 191 € |
| Q1 2026 | 186 622 € | 5 | 25 810 € |
| Q4 2025 | 46 302 € | 4 | 19 556 € |
| Q3 2025 | 10 011 € | 4 | 4284 € |
| Q2 2025 | 3589 € | 4 | 13 409 € |
| Q1 2025 | 26 225 € | 4 | 15 250 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2024–2025
| 2024 | 2025 | |
|---|---|---|
| Sales revenue | 186 871 | 150 503 |
| Net profit | −224 279 | −102 915 |
| Retained earnings | — | −224 279 |
| Total assets | 56 203 | 130 577 |
| Total liabilities | 25 882 | 123 181 |
| Total equity | 30 321 | 7396 |
| Employees | 2 | 4 |
| Average gross salary (monthly) | 2624 | 2353 |
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 obligations1 issue6 clear
Data from public registers, not a credit rating.
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State aid and grants
4 recordsState aid and de minimis aid in total 18 993 € (2025–2026). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (18 993 €).
Show all aid records (4)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 8463 € | 28.09.2026 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 4948 € | 18.03.2026 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 3018 € | 08.10.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 2564 € | 11.04.2025 |
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
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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