AS Smarten Logistics

Active Registry code 10097532 AS Rae küla Registered 20 Feb 1997
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AS Smarten Logistics is a AS based in Rae küla, registry code 10097532, status: active. Main activity: Operation of storage and warehouse facilities. According to EMTA, turnover for Q3 2026 was €14 197 148 with 179 employees.

Turnover
14 197 148 €
↑ 11.2% vs Q2 2026
State taxes
1 041 202 €
↓ 9.5% vs Q2 2026
Labour taxes
595 870 €
↓ 11.2% vs Q2 2026
Employees
179
−5 vs Q2 2026

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

Position in the industry Warehousing, storage and support activities for transportation · EMTAK 52

  • Turnover · Q3 2026 14.2 mn €
    industry median 38 439 € · companies in the industry: 1 299
  • Labour taxes per employee 3 329 €
    industry median 1 714 € · companies in the industry: 884
  • Revenue · 2025 16.5 mn €
    industry median 36 293 € · companies in the industry: 2 027
  • Net profit margin · 2025 -8.1 %
    industry median 2.9 % · companies in the industry: 1 539

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 14 197 148 € · +11.2% vs Q2 2026 · industry median 38 439 € · above 98% of the industry
010 00020 00030 000Q4 2023 Company: 26 262 573 € Industry median: 43 017 €Q4·23Q1 2024 Company: 25 266 117 € Industry median: 39 730 €Q2 2024 Company: 26 426 602 € Industry median: 42 377 €Q2·24Q3 2024 Company: 27 934 103 € Industry median: 43 191 €Q4 2024 Company: 28 753 023 € Industry median: 43 044 €Q4·24Q1 2025 Company: 27 607 361 € Industry median: 38 591 €Q2 2025 Company: 21 328 538 € Industry median: 39 388 €Q2·25Q3 2025 Company: 25 731 323 € Industry median: 38 108 €Q4 2025 Company: 19 833 507 € Industry median: 36 775 €Q4·25Q1 2026 Company: 12 654 886 € Industry median: 31 616 €Q2 2026 Company: 12 769 953 € Industry median: 38 825 €Q2·26Q3 2026 Company: 14 197 148 € Industry median: 38 439 €Q3·26010 00020 00030 000Q4 2024 Company: 28 753 023 € Industry median: 43 044 €Q1 2025 Company: 27 607 361 € Industry median: 38 591 €Q1·25Q2 2025 Company: 21 328 538 € Industry median: 39 388 €Q3 2025 Company: 25 731 323 € Industry median: 38 108 €Q3·25Q4 2025 Company: 19 833 507 € Industry median: 36 775 €Q1 2026 Company: 12 654 886 € Industry median: 31 616 €Q1·26Q2 2026 Company: 12 769 953 € Industry median: 38 825 €Q3 2026 Company: 14 197 148 € Industry median: 38 439 €Q3·26
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 3 329 € · −8.8% vs Q2 2026 · industry median 1 714 € · above 76% of the industry
01 0002 0003 0004 000Q4 2023 Company: 2 473 € Industry median: 1 553 €Q4·23Q1 2024 Company: 2 758 € Industry median: 1 665 €Q2 2024 Company: 2 505 € Industry median: 1 643 €Q2·24Q3 2024 Company: 2 416 € Industry median: 1 681 €Q4 2024 Company: 2 622 € Industry median: 1 663 €Q4·24Q1 2025 Company: 3 165 € Industry median: 1 829 €Q2 2025 Company: 2 919 € Industry median: 1 693 €Q2·25Q3 2025 Company: 3 417 € Industry median: 1 747 €Q4 2025 Company: 3 185 € Industry median: 1 706 €Q4·25Q1 2026 Company: 3 350 € Industry median: 1 665 €Q2 2026 Company: 3 648 € Industry median: 1 577 €Q2·26Q3 2026 Company: 3 329 € Industry median: 1 714 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 2 622 € Industry median: 1 663 €Q1 2025 Company: 3 165 € Industry median: 1 829 €Q1·25Q2 2025 Company: 2 919 € Industry median: 1 693 €Q3 2025 Company: 3 417 € Industry median: 1 747 €Q3·25Q4 2025 Company: 3 185 € Industry median: 1 706 €Q1 2026 Company: 3 350 € Industry median: 1 665 €Q1·26Q2 2026 Company: 3 648 € Industry median: 1 577 €Q3 2026 Company: 3 329 € Industry median: 1 714 €Q3·26
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 179 · −2.7% vs Q2 2026
0100200300400Q4 2023 Company: 322Q4·23Q1 2024 Company: 276Q2 2024 Company: 291Q2·24Q3 2024 Company: 316Q4 2024 Company: 324Q4·24Q1 2025 Company: 276Q2 2025 Company: 276Q2·25Q3 2025 Company: 259Q4 2025 Company: 250Q4·25Q1 2026 Company: 220Q2 2026 Company: 184Q2·26Q3 2026 Company: 179Q3·260100200300400Q4 2024 Company: 324Q1 2025 Company: 276Q1·25Q2 2025 Company: 276Q3 2025 Company: 259Q3·25Q4 2025 Company: 250Q1 2026 Company: 220Q1·26Q2 2026 Company: 184Q3 2026 Company: 179Q3·26
State taxes, € thousand Q3 2026: 1 041 202 € · −9.5% vs Q2 2026
05001 0001 5002 0002 500Q4 2023 Company: 1 160 728 €Q4·23Q1 2024 Company: 1 313 000 €Q2 2024 Company: 1 246 282 €Q2·24Q3 2024 Company: 1 120 984 €Q4 2024 Company: 1 457 299 €Q4·24Q1 2025 Company: 2 106 175 €Q2 2025 Company: 964 946 €Q2·25Q3 2025 Company: 1 436 887 €Q4 2025 Company: 2 447 892 €Q4·25Q1 2026 Company: 1 227 803 €Q2 2026 Company: 1 149 935 €Q2·26Q3 2026 Company: 1 041 202 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 457 299 €Q1 2025 Company: 2 106 175 €Q1·25Q2 2025 Company: 964 946 €Q3 2025 Company: 1 436 887 €Q3·25Q4 2025 Company: 2 447 892 €Q1 2026 Company: 1 227 803 €Q1·26Q2 2026 Company: 1 149 935 €Q3 2026 Company: 1 041 202 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 14 197 148 1 041 202 595 870 179
Q2 2026 12 769 953 1 149 935 671 315 184
Q1 2026 12 654 886 1 227 803 736 916 220
Q4 2025 19 833 507 2 447 892 796 265 250
Q3 2025 25 731 323 1 436 887 884 975 259
Q2 2025 21 328 538 964 946 805 554 276
Q1 2025 27 607 361 2 106 175 873 423 276
Q4 2024 28 753 023 1 457 299 849 400 324
Q3 2024 27 934 103 1 120 984 763 478 316
Q2 2024 26 426 602 1 246 282 729 019 291
Q1 2024 25 266 117 1 313 000 761 305 276
Q4 2023 26 262 573 1 160 728 796 344 322
Q3 2023 28 213 917 1 300 332 786 215 328
Q2 2023 25 598 751 1 300 283 708 610 310
Q1 2023 25 394 974 1 286 274 728 068 305
Q4 2022 25 873 233 1 037 739 697 543 306
Q3 2022 26 862 319 1 145 278 803 006 291
Q2 2022 24 574 108 760 829 689 739 305
Q1 2022 21 790 919 1 033 473 735 054 307
Labour taxes per employee per month
1 110 €
Turnover per employee in the quarter
79 314 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 16 501 466 € · −14.6% vs 2024 · industry median 36 293 € · above 98% of the industry
05 00010 00015 00020 00025 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 19 581 532 € Industry median: 60 551 €20192020 Company: 20 073 644 € Industry median: 45 642 €20202021 Company: 20 005 294 € Industry median: 47 198 €20212022 Company: 19 560 913 € Industry median: 51 350 €20222023 Company: 19 788 664 € Industry median: 39 956 €20232024 Company: 19 322 914 € Industry median: 37 221 €20242025 Company: 16 501 466 € Industry median: 36 293 €202505 00010 00015 00020 00025 0002018 Company: — Industry median: —2019 Company: 19 581 532 € Industry median: 60 551 €20192020 Company: 20 073 644 € Industry median: 45 642 €2021 Company: 20 005 294 € Industry median: 47 198 €20212022 Company: 19 560 913 € Industry median: 51 350 €2023 Company: 19 788 664 € Industry median: 39 956 €20232024 Company: 19 322 914 € Industry median: 37 221 €2025 Company: 16 501 466 € Industry median: 36 293 €2025
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -1 342 078 € · −530.2% vs 2024 · industry median 123 € · above 2% of the industry
-2 000-1 500-1 000-50005001 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 95 177 € Industry median: 1 081 €20192020 Company: 600 625 € Industry median: 692 €20202021 Company: 29 748 € Industry median: 1 330 €20212022 Company: -1 739 485 € Industry median: 1 182 €20222023 Company: 95 303 € Industry median: 282 €20232024 Company: -212 972 € Industry median: 45 €20242025 Company: -1 342 078 € Industry median: 123 €2025-2 000-1 500-1 000-50005001 0002018 Company: — Industry median: —2019 Company: 95 177 € Industry median: 1 081 €20192020 Company: 600 625 € Industry median: 692 €2021 Company: 29 748 € Industry median: 1 330 €20212022 Company: -1 739 485 € Industry median: 1 182 €2023 Company: 95 303 € Industry median: 282 €20232024 Company: -212 972 € Industry median: 45 €2025 Company: -1 342 078 € Industry median: 123 €2025
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -8.1 % · −7.0 pp vs the year before · industry median 2.9 % · above 20% of the industry
-10-505102016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 0.5 % Industry median: 3.6 %20192020 Company: 3.0 % Industry median: 4.1 %20202021 Company: 0.1 % Industry median: 4.8 %20212022 Company: -8.9 % Industry median: 5.4 %20222023 Company: 0.5 % Industry median: 3.9 %20232024 Company: -1.1 % Industry median: 3.2 %20242025 Company: -8.1 % Industry median: 2.9 %2025-10-505102018 Company: — Industry median: —2019 Company: 0.5 % Industry median: 3.6 %20192020 Company: 3.0 % Industry median: 4.1 %2021 Company: 0.1 % Industry median: 4.8 %20212022 Company: -8.9 % Industry median: 5.4 %2023 Company: 0.5 % Industry median: 3.9 %20232024 Company: -1.1 % Industry median: 3.2 %2025 Company: -8.1 % Industry median: 2.9 %2025
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 10 060 167 € · −55.3% vs 2024
05 00010 00015 00020 00025 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 17 619 158 €20192020 Company: 20 375 471 €20202021 Company: 20 862 292 €20212022 Company: 22 020 404 €20222023 Company: 21 090 372 €20232024 Company: 22 497 334 €20242025 Company: 10 060 167 €202505 00010 00015 00020 00025 0002018 Company: —2019 Company: 17 619 158 €20192020 Company: 20 375 471 €2021 Company: 20 862 292 €20212022 Company: 22 020 404 €2023 Company: 21 090 372 €20232024 Company: 22 497 334 €2025 Company: 10 060 167 €2025
Equity, € thousand 2025: 549 195 € · +51.6% vs 2024
05001 0001 5002 0002 5002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 994 877 €20192020 Company: 2 145 502 €20202021 Company: 2 025 250 €20212022 Company: 285 765 €20222023 Company: 381 068 €20232024 Company: 362 318 €20242025 Company: 549 195 €202505001 0001 5002 0002 5002018 Company: —2019 Company: 1 994 877 €20192020 Company: 2 145 502 €2021 Company: 2 025 250 €20212022 Company: 285 765 €2023 Company: 381 068 €20232024 Company: 362 318 €2025 Company: 549 195 €2025
Employees 2025: 293 · +1.7% vs 2024 · industry median 2 · above 98% of the industry
01002003004002016 Company: 0 Industry median: —20162017 Company: 332 Industry median: —20172018 Company: 357 Industry median: 220182019 Company: 0 Industry median: 220192020 Company: 396 Industry median: 220202021 Company: 0 Industry median: 220212022 Company: 293 Industry median: 220222023 Company: 0 Industry median: 220232024 Company: 288 Industry median: 220242025 Company: 293 Industry median: 2202501002003004002018 Company: 357 Industry median: 22019 Company: 0 Industry median: 220192020 Company: 396 Industry median: 22021 Company: 0 Industry median: 220212022 Company: 293 Industry median: 22023 Company: 0 Industry median: 220232024 Company: 288 Industry median: 22025 Company: 293 Industry median: 22025
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (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 16 501 466 -1 342 078 7 943 488 10 060 167 549 195 293
2024 19 322 914 -212 972 8 065 778 22 497 334 362 318 288
2023 19 788 664 95 303 7 787 911 21 090 372 381 068 0
2022 19 560 913 -1 739 485 7 303 063 22 020 404 285 765 293
2021 20 005 294 29 748 8 019 172 20 862 292 2 025 250 0
2020 20 073 644 600 625 8 114 392 20 375 471 2 145 502 396
2019 19 581 532 95 177 7 205 436 17 619 158 1 994 877 0
2018 — — — — — 357
2017 — — — — — 332
2016 — — — — — 0
2015 — — — — — 270
2014 — — — — — 235
2013 — — — — — 285
2012 — — — — — 275
2004 — — — — — 170
2003 — — — — — 118
2002 — — — — — 158
2001 — — — — — 136
2000 — — — — — 125
1999 — — — — — 118
1998 — — — — — 129
1997 — — — — — 112

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
-8.1 %
Net profit / revenue
Return on equity (ROE)
-244.4 %
Net profit / equity
Return on assets (ROA)
-13.3 %
Net profit / assets
Equity ratio
5.5 %
Equity / assets
Debt ratio
94.5 %
Liabilities / assets
Current ratio
0.88
Current assets / current liabilities
Revenue per employee
56 319 €
Revenue / average full-time employees
Labour cost per employee per month
2 259 €
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 Consolidated · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 25 Jul 2025 Consolidated · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 28 Jun 2024 Consolidated · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 2 Jun 2023 Consolidated · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 27 May 2022 Consolidated · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 21 Jun 2021 Consolidated · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 3 Jul 2020 Consolidated · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
2 44 300 000 EEK Aktsiaselts SEB Eesti Ühispank 29 Apr 1998 – in force
1 24 000 000 EEK Aktsiaselts SEB Eesti Ühispank 1 Oct 1997 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Mark Paves
    Board member · since 4 Mar 2021

Right of representation

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

Owners

No owner information.

Owner in

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 52101Operation of storage and warehouse facilities Main
Rulings
Number, date Title Deadline State Document
Ä 10006484 / 32
19 Sep 2025
Amendment entry In force
19 Sep 2025
PDF
Ä 10006484 / M10
7 Jul 2025
Warning of a fine: annual report not filed 7 Aug 2025 Deficiencies eliminated
26 Jul 2025
PDF
Ä 10006484 / 31
1 Apr 2021
Amendment entry In force
1 Apr 2021
PDF
Ä 10006484 / 30
4 Mar 2021
Amendment entry In force
4 Mar 2021
PDF
Ä 10006484 / M9
9 Oct 2019
Ruling to correct data outside an entry 19 Oct 2019 In force
9 Oct 2019
PDF
Ä 10006484 / 29
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10006484 / 28
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10006484 / 27
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10006484 / 26
8 Mar 2016
Amendment under Commercial Code § 525 (2) In force
8 Mar 2016
PDF
Ä 10006484 / 25
4 Feb 2011
Amendment entry In force
4 Feb 2011
PDF
Ä 10006484 / M8
27 Jan 2011
Ruling to eliminate deficiencies 27 Feb 2011 In force
27 Jan 2011
PDF
Ä 6484 / 24
3 Dec 2008
Deletion of activities from the registry card In force
3 Dec 2008
PDF
Ä 6484 / 23
4 Jan 2008
Amendment entry In force
4 Jan 2008
PDF
Ä 6484 / M7
20 Dec 2007
Ruling to eliminate deficiencies (to be served) 20 Jan 2008 In force
21 Dec 2007
PDF
Ä 6484 / 22
16 Feb 2007
Amendment entry In force
16 Feb 2007
PDF
Ä 6484 / 21
16 Nov 2006
Amendment entry In force
16 Nov 2006
PDF
Ä 6484 / 20
10 Oct 2006
Amendment entry In force
10 Oct 2006
PDF
K 17869 / 8
10 Oct 2006
Compliance with Commercial Code § 33 (7.1) In force
10 Oct 2006
PDF
K 17869 / 7
10 Oct 2006
Compliance with Commercial Code § 33 (7.1) In force
10 Oct 2006
PDF
Ä 6484 / M6
4 Sep 2006
Ruling to eliminate deficiencies (to be served) 31 Oct 2006 In force
8 Sep 2006
PDF
Ä 6484 / 19
16 Jun 2006
Amendment entry In force
16 Jun 2006
PDF
K 17869 / 6
16 Jun 2006
Compliance with Commercial Code § 33 (7.1) In force
16 Jun 2006
PDF
K 17869 / 5
16 Jun 2006
Compliance with Commercial Code § 33 (7.1) In force
16 Jun 2006
PDF
Ä 6484 / M5
5 Jun 2006
Ruling to eliminate deficiencies (to be served) In force
8 Jun 2006
PDF
Ä 6484 / 18
1 Mar 2006
Amendment entry In force
1 Mar 2006
PDF
Ä 6484 / 17
13 Apr 2004
Amendment entry In force PDF
Ä 6484 / M4
17 Mar 2004
Ruling to eliminate deficiencies (to be served) 23 Apr 2004 In force PDF
Ä 6484 / 16
9 Feb 2004
Amendment entry In force PDF
Ä 6484 / 15
6 Mar 2003
Second (constitutive) merger entry In force PDF
Ä 6484 / 14
10 Feb 2003
Unpublished amendment entry In force PDF
Ä 6484 / 13
30 Sep 2002
Entry decision on the register’s own initiative In force PDF
Ä 6484 / 12
16 May 2002
Unpublished amendment entry In force PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data