Aktsiaselts FRELOK

Active Registry code 10041520 AS Tallinn Registered 18 Jun 1996

Aktsiaselts FRELOK is a AS based in Tallinn, registry code 10041520, status: active. Main activity: Wholesale of metals and metal ores. According to EMTA, turnover for Q3 2026 was €3 290 411 with 49 employees.

Turnover

3 290 411 €

↑ 29.5% vs Q2 2026

State taxes

302 945 €

↓ 24.7% vs Q2 2026

Labour taxes

177 639 €

↓ 6.8% vs Q2 2026

Employees

+1 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

Turnover · Q3 2026 3.3 mn €

above 98% of companies

industry median 60 065 € · companies in the industry: 6 941
Labour taxes per employee 3 625 €

above 72% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2025 11.2 mn €

above 98% of companies

industry median 63 691 € · companies in the industry: 10 038
Net profit margin · 2025 -14.9 %

above 13% of companies

industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 3 290 411 € · +29.5% vs Q2 2026 · industry median 60 065 € · above 98% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 3 625 € · −8.7% vs Q2 2026 · industry median 2 104 € · above 72% of the industry

Company
Industry median

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

Employees Q3 2026: 49 · +2.1% vs Q2 2026

State taxes, € thousand Q3 2026: 302 945 € · −24.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	3 290 411	302 945	177 639	49
Q2 2026	2 540 131	402 536	190 622	48
Q1 2026	2 290 759	479 573	207 091	48
Q4 2025	2 825 319	556 913	226 776	46
Q3 2025	2 086 036	434 415	183 680	49
Q2 2025	3 325 035	329 480	217 290	49
Q1 2025	2 060 094	218 120	214 922	49
Q4 2024	2 836 427	385 134	205 369	48
Q3 2024	2 404 996	343 461	203 694	49
Q2 2024	2 690 624	443 637	238 084	50
Q1 2024	3 390 501	307 197	258 358	48
Q4 2023	2 418 064	423 956	282 272	51
Q3 2023	4 661 059	418 552	289 046	54
Q2 2023	5 716 227	377 161	288 499	57
Q1 2023	3 577 310	491 113	389 775	58
Q4 2022	7 897 589	553 236	490 545	59
Q3 2022	8 952 594	556 600	524 331	60
Q2 2022	12 871 980	503 905	467 794	62
Q1 2022	9 486 721	588 906	494 405	62

Labour taxes per employee per month

1 208 €

Turnover per employee in the quarter

67 151 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 11 228 742 € · −8.3% vs 2024 · industry median 63 691 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: -1 678 384 € · +4.8% vs 2024 · industry median 127 € · above 2% of the industry

Company
Industry median

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

Net profit margin, % 2025: -14.9 % · −0.6 pp vs the year before · industry median 2.7 % · above 13% of the industry

Company
Industry median

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

Assets, € thousand 2025: 20 363 494 € · −8.9% vs 2024

Equity, € thousand 2025: 19 679 099 € · −9.8% vs 2024

Employees 2025: 38 · −9.5% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Wholesale 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	11 228 742	-1 678 384	1 888 770	20 363 494	19 679 099	38
2024	12 251 611	-1 762 602	2 008 874	22 354 598	21 815 883	42
2023	15 750 840	-1 416 650	2 667 894	24 571 357	24 049 506	54
2022	33 389 022	4 690 006	4 417 614	27 667 549	25 921 877	60
2021	34 146 183	6 621 864	3 779 820	28 447 759	21 697 038	62
2020	22 121 675	4 047	1 511 429	17 750 104	15 225 174	61
2019	25 979 511	-265 700	1 442 338	18 874 968	15 221 127	62
2018	—	—	—	—	—	61
2017	—	—	—	—	—	60
2016	—	—	—	—	—	59
2015	—	—	—	—	—	64
2014	—	—	—	—	—	68
2013	—	—	—	—	—	67
2012	—	—	—	—	—	71
2011	—	—	—	—	—	72
2010	—	—	—	—	—	66
2009	—	—	—	—	—	56
2008	—	—	—	—	—	81
2007	—	—	—	—	—	81
2006	—	—	—	—	—	74
2005	—	—	—	—	—	68
2004	—	—	—	—	—	61
2003	—	—	—	—	—	63
2002	—	—	—	—	—	56
2001	—	—	—	—	—	53
2000	—	—	—	—	—	44
1999	—	—	—	—	—	38

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

-14.9 %

Net profit / revenue

Return on equity (ROE)

-8.5 %

Net profit / equity

Return on assets (ROA)

-8.2 %

Net profit / assets

Equity ratio

96.6 %

Equity / assets

Debt ratio

3.4 %

Liabilities / assets

Current ratio

23.74

Current assets / current liabilities

Revenue per employee

295 493 €

Revenue / average full-time employees

Labour cost per employee per month

4 142 €

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

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	30 Jun 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	28 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	5 Jul 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	8 Jul 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	31 Jul 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
5	35 000 000 EEK	Swedbank AS	7 Aug 2007 – in force
4	23 000 000 EEK	Swedbank AS	21 Mar 2007 – in force
3	20 000 000 EEK	Swedbank AS	10 May 2006 – in force
2	2 000 000 EEK	Swedbank AS	25 Feb 1998 – in force
1	43 000 000 EEK	Swedbank AS	2 Oct 1997 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Andrei Sidorov
Board member · since 26 Jul 2024

Right of representation

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

Owners

No owner information.

Beneficial owners

Andrei Sidorov
Direct ownership · since 20 Oct 2018
Andrei Tšerkassov
Direct ownership · since 20 Oct 2018
Boriss Avdejev
Direct ownership · since 20 Oct 2018

Founders and other persons

Ivar Kiigemägi
Audit firm · 30 Jun 2017
Ernst & Young Baltic AS
Audit firm · 30 Jun 2017
Andrei Tšerkassov
Chairman of the supervisory board · 6 Jul 2020
Boriss Avdejev
Supervisory board member · 6 Jul 2020
Jana Reinfeldt
Supervisory board member · 6 Jul 2020
Larissa Sidorova
Supervisory board member · 6 Jul 2020
Omanikukonto: ANDREI SIDOROV
Shareholder · 366 080 € · 16 Aug 2023
Omanikukonto: ANDREI TŠERKASSOV
Shareholder · 366 080 € · 16 Aug 2023
Omanikukonto: BORISS AVDEJEV
Shareholder · 366 080 € · 16 Aug 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

46821Wholesale of metals and metal ores Main

Rulings 32

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10002520 / 17 26 Jul 2024	Amendment entry		In force 26 Jul 2024	PDF
Ä 10002520 / 16 6 Oct 2020	Amendment entry		In force 6 Oct 2020	PDF
Ä 10002520 / 15 20 Jul 2020	Amendment entry		In force 20 Jul 2020	PDF
Ä 10002520 / M8 11 Jul 2020	Ruling to eliminate deficiencies	5 Aug 2020	Deficiencies eliminated 20 Jul 2020	PDF
Ä 10002520 / M7 12 Jun 2020	Ruling to correct data outside an entry	12 Jul 2020	Deficiencies eliminated 20 Jul 2020	PDF
Ä 10002520 / 14 16 Jan 2018	Amendment entry		In force 16 Jan 2018	PDF
Ä 10002520 / 13 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10002520 / 12 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10002520 / 11 14 Sep 2016	Amendment entry		In force 14 Sep 2016	PDF
Ä 10002520 / M6 1 Sep 2016	Ruling to correct data outside an entry	1 Oct 2016	Deficiencies eliminated 2 Sep 2016	PDF
Ä 10002520 / 10 5 Apr 2011	Second (constitutive) merger entry		In force 5 Apr 2011	PDF
Ä 10002520 / 9 3 Feb 2011	Amendment entry		In force 3 Feb 2011	PDF
Ä 10002520 / M5 28 Jan 2011	Ruling to eliminate deficiencies	28 Feb 2011	In force 28 Jan 2011	PDF
K 10017683 / 15 2 Jun 2010	Commercial pledge amended		In force 2 Jun 2010	PDF
K 10017683 / 14 2 Jun 2010	Commercial pledge amended		In force 2 Jun 2010	PDF
K 10017683 / 13 2 Jun 2010	Commercial pledge amended		In force 2 Jun 2010	PDF
K 10017683 / 12 2 Jun 2010	Commercial pledge amended		In force 2 Jun 2010	PDF
K 10017683 / 11 2 Jun 2010	Commercial pledge amended		In force 2 Jun 2010	PDF
Ä 2520 / M4 22 Jul 2009	Refund of the state fee		In force 22 Jul 2009	PDF
Ä 2520 / M3 10 Jul 2009	Refund of the state fee		In force 10 Jul 2009	PDF
Ä 2520 / 8 5 Jan 2009	Deletion of activities from the registry card		In force 13 Jan 2009	PDF
K 17683 / 10 7 Aug 2007	Commercial pledge entered		In force 7 Aug 2007	PDF
Ä 2520 / 7 11 Jun 2007	Amendment entry		In force 11 Jun 2007	PDF
K 17683 / 9 21 Mar 2007	Commercial pledge entered		In force 21 Mar 2007	PDF
K 17683 / M1 15 Mar 2007	Ruling to eliminate deficiencies (to be served)	20 Apr 2007	In force 21 Mar 2007	PDF
K 17683 / 8 10 May 2006	Commercial pledge entered		In force 10 May 2006	PDF
K 17683 / 7 25 May 2005	Commercial pledge amended		In force	PDF
K 17683 / 6 8 Oct 2004	Commercial pledge amended		In force	PDF
Ä 2520 / 6 21 Apr 2003	Amendment entry		In force	PDF
Ä 2520 / 5 19 Sep 2002	Published amendment entry		In force	PDF
Ä 2520 / M2 16 Aug 2002	Ruling to eliminate deficiencies (to be served)	16 Sep 2002	In force	PDF
Ä 2520 / 4 8 Mar 2002	Entry decision on the register’s own initiative		In force	PDF

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

Aktsiaselts FRELOK

Position in the industry Wholesale trade · EMTAK 46

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 32