Osaühing Hawaii Express

Active Registry code 10027017 OÜ Tallinn Registered 17 Apr 1996

Osaühing Hawaii Express is a OÜ based in Tallinn, registry code 10027017, status: active. Main activity: Retail sale of sporting equipment. According to EMTA, turnover for Q3 2026 was €5 923 920 with 54 employees.

Turnover

5 923 920 €

↓ 31.4% vs Q2 2026

State taxes

773 263 €

↑ 5.0% vs Q2 2026

Labour taxes

209 356 €

↑ 6.8% vs Q2 2026

Employees

−4 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Retail trade · EMTAK 47

Turnover · Q3 2026 5.9 mn €

above 98% of companies

industry median 23 652 € · companies in the industry: 7 652
Labour taxes per employee 3 877 €

above 94% of companies

industry median 1 201 € · companies in the industry: 4 663
Revenue · 2025 13.1 mn €

above 98% of companies

industry median 16 974 € · companies in the industry: 13 500
Net profit margin · 2025 1.9 %

above 53% of companies

industry median 1.3 % · companies in the industry: 9 480

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 5 923 920 € · −31.4% vs Q2 2026 · industry median 23 652 € · above 98% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 3 877 € · +14.7% vs Q2 2026 · industry median 1 201 € · above 94% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 54 · −6.9% vs Q2 2026

State taxes, € thousand Q3 2026: 773 263 € · +5.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	5 923 920	773 263	209 356	54
Q2 2026	8 638 104	736 558	195 971	58
Q1 2026	3 488 604	372 408	212 155	56
Q4 2025	3 666 202	458 163	228 589	57
Q3 2025	5 481 040	799 914	225 722	57
Q2 2025	6 776 902	635 001	214 780	60
Q1 2025	4 108 477	327 567	208 727	59
Q4 2024	3 530 132	389 512	243 859	59
Q3 2024	5 512 011	716 926	242 149	64
Q2 2024	7 616 380	716 983	224 554	78
Q1 2024	2 383 085	385 153	206 517	74
Q4 2023	3 412 119	441 880	277 789	70
Q3 2023	4 833 579	735 676	256 467	74
Q2 2023	6 541 602	851 692	234 830	83
Q1 2023	3 784 028	411 417	246 704	80
Q4 2022	3 491 849	387 380	287 907	71
Q3 2022	4 825 432	451 033	221 797	74
Q2 2022	7 362 582	371 221	219 777	84
Q1 2022	4 292 513	385 872	245 936	81

Labour taxes per employee per month

1 292 €

Turnover per employee in the quarter

109 702 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 13 061 283 € · +6.2% vs 2024 · industry median 16 974 € · above 98% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 245 477 € · +10.5% vs 2024 · industry median 0 € · above 98% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 1.9 % · +0.1 pp vs the year before · industry median 1.3 % · above 53% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 7 609 226 € · −5.2% vs 2024

Equity, € thousand 2025: 4 822 881 € · −1.6% vs 2024

Employees 2025: 58 · −20.5% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	13 061 283	245 477	2 112 696	7 609 226	4 822 881	58
2024	12 296 380	222 060	2 311 588	8 025 910	4 903 434	73
2023	13 299 303	-151 804	2 540 556	7 799 175	4 681 374	75
2022	14 323 060	1 061 439	2 315 960	9 849 917	5 473 932	78
2021	14 445 831	641 812	2 086 637	8 066 454	4 659 993	78
2020	12 347 861	984 670	1 869 351	5 662 995	4 448 439	75
2019	10 514 231	605 512	1 683 532	4 941 217	3 708 707	72
2018	—	—	—	—	—	81
2017	—	—	—	—	—	84
2016	—	—	—	—	—	86
2015	—	—	—	—	—	88
2014	—	—	—	—	—	87
2013	—	—	—	—	—	88
2012	—	—	—	—	—	89
2011	—	—	—	—	—	86
2010	—	—	—	—	—	87
2009	—	—	—	—	—	85
2008	—	—	—	—	—	93
2007	—	—	—	—	—	97
2006	—	—	—	—	—	88
2005	—	—	—	—	—	78
2004	—	—	—	—	—	77
2003	—	—	—	—	—	80
2002	—	—	—	—	—	60
2001	—	—	—	—	—	54
2000	—	—	—	—	—	40
1999	—	—	—	—	—	26
1998	—	—	—	—	—	11
1997	—	—	—	—	—	9

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin

1.9 %

Net profit / revenue

Return on equity (ROE)

5.1 %

Net profit / equity

Return on assets (ROA)

3.2 %

Net profit / assets

Equity ratio

63.4 %

Equity / assets

Debt ratio

36.6 %

Liabilities / assets

Current ratio

2.41

Current assets / current liabilities

Revenue per employee

225 195 €

Revenue / average full-time employees

Labour cost per employee per month

3 035 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Oct 2024 – 30 Sep 2025	30 Mar 2026	Company’s own · audited	e-Äriregister
2024	1 Oct 2023 – 30 Sep 2024	28 Mar 2025	Company’s own · audited	e-Äriregister
2023	1 Oct 2022 – 30 Sep 2023	28 Mar 2024	Company’s own · audited	e-Äriregister
2022	1 Oct 2021 – 30 Sep 2022	30 Mar 2023	Company’s own · audited	e-Äriregister
2021	1 Oct 2020 – 30 Sep 2021	30 Mar 2022	Company’s own · audited	e-Äriregister
2020	1 Oct 2019 – 30 Sep 2020	31 Mar 2021	Company’s own · audited	e-Äriregister
2019	1 Oct 2018 – 30 Sep 2019	31 Mar 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
7	1 500 000 €	AS LHV Pank	3 Dec 2021 – in force
6	763 093 €	AS LHV Pank	15 Nov 2018 – in force
5	5 000 000 EEK	AS LHV Pank	15 Jan 2009 – in force
4	12 800 000 EEK	AS LHV Pank	30 Jan 2007 – in force
3	1 400 000 EEK	AS LHV Pank	4 Jun 1998 – in force
2	1 600 000 EEK	AS LHV Pank	29 May 1998 – in force
1	14 200 000 EEK	AS LHV Pank	3 Apr 1997 – in force

Board

Kaijo Kuusing
Board member · since 17 Apr 1996
Rene Kuusing
Board member · since 8 Dec 2021
Nasdaq CSD SE
Keeper of the share register · since 6 Nov 2020

Right of representation

Any member of the management board may represent the private limited company in all transactions.

Owners

Omanikukonto: KAIJO KUUSING
Natural person · 18 006 €

100%

Owner in

Osaühing Rickman Kinnisvara
29.01%

Beneficial owners

Kaijo Kuusing
Direct ownership · since 17 Oct 2018

Founders and other persons

Alar Heinaste
Audit firm · 30 Jun 2011
Gabler Audit OÜ
Audit firm · 12 May 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

47631Retail sale of sporting equipment Main
46421Wholesale of clothing and clothing accessories
46492Wholesale of sports good (excluding sports clothing and footwear)
47711Retail sale of clothing
77211Rental and leasing of recreational and sports goods
95291Repair and maintenance of personal and household goods n.e.c.

Rulings 38

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10001368 / 27 29 Oct 2026	Amendment entry		In force 29 Oct 2026	PDF
K 10001368 / M9 17 Jul 2025	Ruling to eliminate deficiencies	16 Aug 2025	Deficiencies eliminated 17 Jul 2025	PDF
K 10001368 / 26 17 Jul 2025	Commercial pledge amended		In force 17 Jul 2025	PDF
Ä 10001368 / 25 1 Nov 2023	Amendment entry		In force 1 Nov 2023	PDF
Ä 10001368 / 24 8 Dec 2021	Amendment entry		In force 8 Dec 2021	PDF
K 10001368 / 23 3 Dec 2021	Commercial pledge entered		In force 3 Dec 2021	PDF
Ä 10001368 / 22 22 Mar 2021	Second (constitutive) merger entry		In force 22 Mar 2021	PDF
Ä 10001368 / 21 11 Dec 2020	Amendment entry		In force 11 Dec 2020	PDF
Ä 10001368 / 20 6 Nov 2020	Amendment entry		In force 6 Nov 2020	PDF
Ä 10001368 / 19 22 Jan 2020	Amendment entry		In force 22 Jan 2020	PDF
Ä 10001368 / 18 19 Dec 2019	Entry refused: deficiencies not eliminated		In force 3 Jan 2020	PDF
Ä 10001368 / M8 15 Nov 2019	Ruling to eliminate deficiencies	5 Dec 2019	In force 15 Nov 2019	PDF
Ä 10001368 / 17 6 May 2019	Amendment entry		In force 6 May 2019	PDF
K 10001368 / 16 15 Nov 2018	Commercial pledge entered		In force 15 Nov 2018	PDF
Ä 10001368 / 15 13 Jun 2018	Amendment entry		In force 13 Jun 2018	PDF
Ä 10001368 / 14 6 Mar 2018	Amendment entry		In force 6 Mar 2018	PDF
Ä 10001368 / M7 5 Mar 2018	Ruling to eliminate deficiencies	15 Mar 2018	Deficiencies eliminated 6 Mar 2018	PDF
Ä 10001368 / M6 26 Feb 2018	Ruling to eliminate deficiencies	13 Mar 2018	Deficiencies eliminated 6 Mar 2018	PDF
K 10001368 / 13 29 Jan 2018	Commercial pledge amended		In force 29 Jan 2018	PDF
Ä 10001368 / 12 16 Jan 2018	Amendment entry		In force 16 Jan 2018	PDF
Ä 10001368 / 11 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10001368 / 10 29 Sep 2016	Amendment entry		In force 29 Sep 2016	PDF
Ä 10001368 / 9 10 Nov 2015	Amendment entry		In force 10 Nov 2015	PDF
Ä 10001368 / M5 4 Nov 2015	Ruling to eliminate deficiencies	4 Dec 2015	Deficiencies eliminated 9 Nov 2015	PDF
K 10001368 / 8 24 Jul 2014	Commercial pledge amended		In force 24 Jul 2014	PDF
Ä 10001368 / 7 6 Dec 2012	Amendment under Commercial Code § 525 (2)		In force 6 Dec 2012	PDF
Ä 10001368 / 6 14 Sep 2012	Amendment entry		In force 14 Sep 2012	PDF
Ä 10001368 / 5 19 Mar 2012	Amendment entry		In force 19 Mar 2012	PDF
Ä 10001368 / M4 20 Jan 2012	Ruling to eliminate deficiencies	19 Mar 2012	In force 20 Jan 2012	PDF
K 11693 / 9 15 Jan 2009	Commercial pledge entered		In force 15 Jan 2009	PDF
K 11693 / M1 14 Jan 2009	Ruling to eliminate deficiencies		In force 14 Jan 2009	PDF
Ä 1368 / 4 3 Dec 2008	Deletion of activities from the registry card		In force 3 Dec 2008	PDF
K 11693 / 8 30 Jan 2007	Commercial pledge entered		In force 30 Jan 2007	PDF
Ä 1368 / 3 17 Jan 2007	Amendment entry		In force 17 Jan 2007	PDF
Ä 1368 / M3 14 Sep 2006	Fine for not filing the report	3 Nov 2006	Deficiencies eliminated 29 Sep 2006	PDF
Ä 1368 / M2 14 Sep 2006	Fine for not filing the report	3 Nov 2006	Deficiencies eliminated 26 Sep 2006	PDF
Ä 1368 / M1 14 Sep 2006	Fine for not filing the report	3 Nov 2006	Deficiencies eliminated 26 Sep 2006	PDF
Ä 1368 / 2 24 Oct 2002	Unpublished amendment entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

Osaühing Hawaii Express

Position in the industry Retail trade · EMTAK 47

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 38