AS MSI GRUPP
Active Registry code 10243614
AS Tallinn Registered 5 Aug 1997
AS MSI GRUPP is a AS based in Tallinn, registry code 10243614, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €545 824 with 36 employees.
Turnover
545 824 €
↓ 12.5% vs Q2 2026
State taxes
839 249 €
↑ 486.0% vs Q2 2026
Labour taxes
94 825 €
↑ 8.6% vs Q2 2026
Employees
36
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 545 824 €above 98% of companiesindustry median 15 029 € · companies in the industry: 7 444
- Labour taxes per employee 2 634 €above 90% of companiesindustry median 857 € · companies in the industry: 7 261
- Revenue · 2025 2.5 mn €above 98% of companiesindustry median 13 620 € · companies in the industry: 30 470
- Net profit margin · 2025 23.4 %above 66% of companiesindustry median 5.9 % · companies in the industry: 25 042
Taxes and turnover
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 545 824 | 839 249 | 94 825 | 36 |
| Q2 2026 | 623 612 | 143 220 | 87 335 | 36 |
| Q1 2026 | 732 632 | 284 093 | 86 640 | 37 |
| Q4 2025 | 1 018 667 | 444 304 | 90 906 | 36 |
| Q3 2025 | 569 030 | 246 485 | 92 347 | 37 |
| Q2 2025 | 621 063 | 160 970 | 86 695 | 38 |
| Q1 2025 | 714 842 | 262 868 | 93 421 | 37 |
| Q4 2024 | 632 425 | 246 195 | 90 162 | 39 |
| Q3 2024 | 584 721 | 203 907 | 85 235 | 38 |
| Q2 2024 | 639 225 | 164 805 | 76 223 | 38 |
| Q1 2024 | 791 213 | 170 644 | 81 518 | 39 |
| Q4 2023 | 678 130 | 199 279 | 77 820 | 39 |
| Q3 2023 | 644 840 | 207 916 | 91 562 | 39 |
| Q2 2023 | 690 154 | 139 035 | 72 554 | 40 |
| Q1 2023 | 813 900 | 201 311 | 77 725 | 41 |
| Q4 2022 | 759 865 | 213 878 | 85 926 | 43 |
| Q3 2022 | 725 881 | 173 720 | 86 653 | 44 |
| Q2 2022 | 704 667 | 137 793 | 79 687 | 44 |
| Q1 2022 | 767 324 | 215 035 | 78 588 | 42 |
Labour taxes per employee per month
878 €
Turnover per employee in the quarter
15 162 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 2 481 462 | 581 897 | 855 674 | 3 729 959 | 3 302 507 | 41 |
| 2024 | 2 627 769 | 328 507 | 822 647 | 4 049 058 | 3 616 610 | 40 |
| 2023 | 2 794 000 | -1 180 000 | 769 000 | 4 144 000 | 3 736 000 | 41 |
| 2022 | 2 965 000 | 180 000 | 823 000 | 5 963 000 | 5 364 000 | 38 |
| 2021 | 2 390 000 | 289 000 | 760 000 | 6 137 000 | 5 520 000 | 37 |
| 2020 | 2 282 000 | 576 000 | 819 000 | 6 670 000 | 6 127 000 | 41 |
| 2019 | 2 468 000 | 387 000 | 980 000 | 7 191 000 | 6 313 000 | 47 |
| 2018 | — | — | — | — | — | 49 |
| 2017 | — | — | — | — | — | 51 |
| 2016 | — | — | — | — | — | 52 |
| 2015 | — | — | — | — | — | 59 |
| 2014 | — | — | — | — | — | 55 |
| 2013 | — | — | — | — | — | 54 |
| 2012 | — | — | — | — | — | 0 |
| 2011 | — | — | — | — | — | 545 |
| 2010 | — | — | — | — | — | 67 |
| 2005 | — | — | — | — | — | 0 |
| 2004 | — | — | — | — | — | 85 |
| 2003 | — | — | — | — | — | 100 |
| 2002 | — | — | — | — | — | 117 |
| 2001 | — | — | — | — | — | 97 |
| 2000 | — | — | — | — | — | 87 |
| 1999 | — | — | — | — | — | 56 |
| 1998 | — | — | — | — | — | 40 |
| 1997 | — | — | — | — | — | 45 |
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
23.4 %
Net profit / revenue
Return on equity (ROE)
17.6 %
Net profit / equity
Return on assets (ROA)
15.6 %
Net profit / assets
Equity ratio
88.5 %
Equity / assets
Debt ratio
11.5 %
Liabilities / assets
Current ratio
2.19
Current assets / current liabilities
Revenue per employee
60 523 €
Revenue / average full-time employees
Labour cost per employee per month
1 739 €
Labour costs / employees / 12 months (incl. employer taxes)
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 | 27 Jun 2025 | Consolidated · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 6 Jun 2024 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 30 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 | 30 May 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 28 May 2020 | Consolidated · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Dmitri MälsonBoard member · since 26 Aug 2016
- Ludmila KanepeBoard member · since 26 Aug 2016
- Mati IvaskBoard member · since 8 Nov 2017
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 100%
Beneficial owners
- Aleksandra KarginaRight to appoint or remove most of the management · since 21 Nov 2023
- Enn HeinsooRight to appoint or remove most of the management · since 21 Nov 2023
- Marina SmolinaRight to appoint or remove most of the management · since 21 Nov 2023
- Martin SigusMember of a senior management body (management or supervisory board) · since 21 Nov 2023
- AIN SIGUSDirect ownership · since 30 Oct 2018
- Dmitri MälsonDirect ownership · since 30 Oct 2018
- Ludmila KanepeDirect ownership · since 30 Oct 2018
- Mati IvaskDirect ownership · since 30 Oct 2018
- Viktor ArhipovDirect ownership · since 30 Oct 2018
Founders and other persons
- Grant Thornton Rimess OÜAudit firm · 17 Jun 2011
- Viktor ArhipovChairman of the supervisory board · 4 Sep 2025
- Ernests KanepsSupervisory board member · 15 Nov 2023
- Martin SigusSupervisory board member · 4 Sep 2025
- Omanikukonto: AIN SIGUSShareholder · 238 797 € · 16 Aug 2023
- Omanikukonto: Mati IvaskShareholder · 238 797 € · 16 Aug 2023
- Omanikukonto: VIKTOR ARHIPOVShareholder · 238 797 € · 16 Aug 2023
- Omanikukonto: MKJ HALDUSGRUPP ASShareholder · 717 210 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 68201Rental and operating of own or leased real estate Main
- 71121Constructional engineering-technical designing and consulting
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10081890 / M6 16 Sep 2022 |
Ruling to correct data outside an entry | 1 Oct 2022 | In force 16 Sep 2022 |
|
| Ä 10081890 / M5 19 Jul 2018 |
Ruling to correct data outside an entry | 18 Aug 2018 | Deficiencies eliminated 25 Jul 2018 |
|
| Ä 10081890 / 11 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10081890 / 10 8 Nov 2017 |
Amendment entry | In force 8 Nov 2017 |
||
| Ä 10081890 / 9 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10081890 / 8 7 Jul 2017 |
Second (constitutive) merger entry | In force 7 Jul 2017 |
||
| Ä 10081890 / 7 23 Sep 2016 |
Amendment entry | In force 23 Sep 2016 |
||
| Ä 10081890 / 6 26 Aug 2016 |
Amendment entry | In force 26 Aug 2016 |
||
| Ä 10081890 / 5 6 Oct 2011 |
Amendment entry | In force 6 Oct 2011 |
||
| Ä 10081890 / M4 17 Dec 2010 |
Ruling to eliminate deficiencies | 21 Jan 2011 | Deficiencies eliminated 6 Oct 2010 |
|
| Ä 10081890 / M3 17 Dec 2010 |
Ruling to eliminate deficiencies | 21 Nov 2011 | Deficiencies eliminated 6 Oct 2011 |
|
| Ä 10081890 / 4 7 Jul 2010 |
Amendment entry | In force 7 Jul 2010 |
||
| Ä 81890 / 3 18 Aug 2009 |
Amendment entry | In force 18 Aug 2009 |
||
| Ä 81890 / M2 3 Aug 2009 |
Ruling to eliminate deficiencies | 21 Sep 2009 | Deficiencies eliminated 12 Aug 2009 |
|
| Ä 81890 / 2 3 Dec 2008 |
Deletion of activities from the registry card | In force 3 Dec 2008 |
||
| Ä 7000 / 12 2 Sep 2004 |
Note on closing the registry card in the former department | In force | ||
| Ä 81890 31 Aug 2004 |
Registry card opened in the department of the new seat | In force | ||
| Ä 81890 / M1 3 Aug 2004 |
Ruling to eliminate deficiencies (to be served) | In force | ||
| Ä 7000 / 11 21 Jul 2004 |
Note | In force | ||
| Ä 7000 / 10 21 May 2004 |
Amendment entry | In force | ||
| Ä 7000 / M4 6 Feb 2004 |
Ruling to eliminate deficiencies (to be served) | 15 May 2004 | In force | |
| Ä 7000 / M3 23 Dec 2003 |
Ruling to eliminate deficiencies (to be served) | 15 Feb 2004 | In force | |
| Ä 7000 / 9 1 Nov 2002 |
Entry decision on the register’s own initiative | In force | ||
| Ä 7000 / 8 19 Jul 2002 |
Unpublished amendment entry | In force |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data