Aves Travel AS

Active Registry code 10282815 AS Tallinn Registered 8 Oct 1997

Aves Travel AS is a AS based in Tallinn, registry code 10282815, status: active. Main activity: Travel agency activities. According to EMTA, turnover for Q3 2026 was €49 674 with 6 employees.

Turnover

49 674 €

↓ 32.4% vs Q2 2026

State taxes

19 097 €

↓ 17.3% vs Q2 2026

Labour taxes

16 516 €

↑ 1.6% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Travel agency, tour operator and other reservation service and related activities · EMTAK 79

Turnover · Q3 2026 49 674 €

above 61% of companies

industry median 27 306 € · companies in the industry: 383
Labour taxes per employee 2 753 €

above 78% of companies

industry median 1 423 € · companies in the industry: 297
Revenue · 2025 284 951 €

above 79% of companies

industry median 27 722 € · companies in the industry: 819
Net profit margin · 2025 12.5 %

above 64% of companies

industry median 5.5 % · companies in the industry: 644

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 49 674 € · −32.4% vs Q2 2026 · industry median 27 306 € · above 61% of the industry

Company
Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 753 € · +1.6% vs Q2 2026 · industry median 1 423 € · above 78% of the industry

Company
Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 6 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 19 097 € · −17.3% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	49 674	19 097	16 516	6
Q2 2026	73 463	23 099	16 251	6
Q1 2026	46 066	20 766	18 681	6
Q4 2025	78 777	25 622	18 536	6
Q3 2025	56 584	21 548	16 353	6
Q2 2025	81 314	24 551	17 895	6
Q1 2025	92 245	38 433	19 753	6
Q4 2024	116 926	35 052	21 079	6
Q3 2024	81 551	22 705	15 859	6
Q2 2024	74 470	20 232	14 785	6
Q1 2024	68 390	22 239	17 241	6
Q4 2023	71 858	21 182	15 682	6
Q3 2023	55 092	19 212	15 269	6
Q2 2023	78 007	20 647	14 863	6
Q1 2023	62 371	18 403	15 531	6
Q4 2022	66 684	17 774	13 703	6
Q3 2022	46 455	14 247	12 287	6
Q2 2022	56 727	14 459	12 041	6
Q1 2022	51 093	10 598	10 781	6

Labour taxes per employee per month

918 €

Turnover per employee in the quarter

8 279 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 284 951 € · −11.8% vs 2024 · industry median 27 722 € · above 79% of the industry

Company
Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 35 594 € · −47.2% vs 2024 · industry median 1 194 € · above 88% of the industry

Company
Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 12.5 % · −8.4 pp vs the year before · industry median 5.5 % · above 64% of the industry

Company
Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 381 437 € · +8.6% vs 2024

Equity, € thousand 2025: 238 852 € · +17.5% vs 2024

Employees 2025: 6 · +0.0% vs 2024 · industry median 1 · above 90% of the industry

Company
Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (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	284 951	35 594	174 567	381 437	238 852	6
2024	323 192	67 360	177 177	351 147	203 258	6
2023	258 792	27 445	151 243	337 567	185 898	6
2022	228 327	31 436	139 583	302 531	158 453	6
2021	117 781	26 743	90 057	286 829	127 017	5
2020	61 075	-8 138	87 995	188 831	100 274	5
2019	160 816	8 346	102 079	274 327	108 412	5
2018	—	—	—	—	—	6
2017	—	—	—	—	—	7
2016	—	—	—	—	—	8
2015	—	—	—	—	—	10
2014	—	—	—	—	—	10
2013	—	—	—	—	—	10
2012	—	—	—	—	—	10
2011	—	—	—	—	—	10
2006	—	—	—	—	—	10
2005	—	—	—	—	—	9
2004	—	—	—	—	—	8
2003	—	—	—	—	—	10
2002	—	—	—	—	—	10
2001	—	—	—	—	—	10
1999	—	—	—	—	—	9
1997	—	—	—	—	—	7

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

12.5 %

Net profit / revenue

Return on equity (ROE)

14.9 %

Net profit / equity

Return on assets (ROA)

9.3 %

Net profit / assets

Equity ratio

62.6 %

Equity / assets

Debt ratio

37.4 %

Liabilities / assets

Current ratio

2.07

Current assets / current liabilities

Revenue per employee

47 492 €

Revenue / average full-time employees

Labour cost per employee per month

2 425 €

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	29 Jun 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	19 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	12 Jul 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	28 Jun 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	15 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	30 Oct 2020	Company’s own · audited	e-Äriregister

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Kätlin Vesker
Board member · since 12 Jan 2017

Right of representation

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

Owners

No owner information.

Beneficial owners

Meeli Saveli
Direct ownership · since 27 Oct 2020

Founders and other persons

Stella Zdobnõh
Audit firm · 29 Aug 2006
Stella Audiitorbüroo OÜ
Audit firm · 6 Jun 2012
Madeleine Tults
Supervisory board member · 12 Dec 2025
Meeli Saveli
Supervisory board member · 12 Dec 2025
Piret Kaiv
Supervisory board member · 12 Dec 2025
Omanikukonto: INNOSTEN OÜ
Shareholder · 77 056 € · 16 Aug 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

79111Travel agency activities Main

Rulings 31

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10015994 / M11 17 Dec 2025	Ruling to correct data outside an entry	31 Dec 2025	Deficiencies eliminated 29 Dec 2025	PDF
Ä 10015994 / M10 12 Dec 2022	Ruling to correct data outside an entry	11 Jan 2023	Deficiencies eliminated 23 Dec 2022	PDF
Ä 10015994 / 21 16 Jan 2018	Amendment entry		In force 16 Jan 2018	PDF
Ä 10015994 / 20 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10015994 / 19 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10015994 / 18 10 Feb 2017	Amendment under Commercial Code § 525 (2)		In force 10 Feb 2017	PDF
Ä 10015994 / 17 12 Jan 2017	Amendment entry		In force 12 Jan 2017	PDF
Ä 10015994 / M9 29 Dec 2016	Ruling to eliminate deficiencies	13 Jan 2017	Deficiencies eliminated 12 Jan 2017	PDF
Ä 10015994 / M8 23 Dec 2016	Ruling to eliminate deficiencies	22 Jan 2017	Deficiencies eliminated 12 Jan 2017	PDF
Ä 10015994 / 16 5 Oct 2016	Amendment entry		In force 5 Oct 2016	PDF
Ä 10015994 / M7 19 Sep 2016	Ruling to correct data outside an entry	29 Sep 2016	In force 19 Sep 2016	PDF
Ä 10015994 / M6 8 Jun 2016	Procedural ruling		In force 8 Jun 2016	PDF
Ä 10015994 / M5 31 May 2016	Procedural ruling	30 Jun 2016	Deficiencies eliminated 8 Jun 2016	PDF
Ä 10015994 / 15 15 Nov 2012	Division entry (second, constitutive)		In force 15 Nov 2012	PDF
Ä 10015994 / 14 18 Jul 2011	Amendment entry		In force 18 Jul 2011	PDF
Ä 10015994 / M4 16 Jun 2011	Ruling to eliminate deficiencies		In force 16 Jun 2011	PDF
K 21610 / 9 1 Dec 2009	Commercial pledge deleted		In force 1 Dec 2009	PDF
K 21610 / 8 1 Dec 2009	Commercial pledge deleted		In force 1 Dec 2009	PDF
K 21610 / M1 30 Nov 2009	Ruling to eliminate deficiencies	11 Jan 2010	In force 30 Nov 2009	PDF
Ä 15994 / 13 15 May 2009	Amendment under Commercial Code § 525 (2)		In force 15 May 2009	PDF
Ä 15994 / 12 3 Dec 2008	Deletion of activities from the registry card		In force 17 Dec 2008	PDF
Ä 15994 / 11 6 Jul 2007	Amendment entry		In force 6 Jul 2007	PDF
Ä 15994 / 10 1 Nov 2006	Amendment entry		In force 1 Nov 2006	PDF
K 21610 / 7 9 Oct 2006	Commercial pledge entered		In force 9 Oct 2006	PDF
Ä 15994 / 9 23 Nov 2005	Amendment entry		In force	PDF
K 21610 / 6 23 Nov 2005	Compliance with Commercial Code § 33 (7.1)		In force	PDF
Ä 15994 / 8 17 Oct 2005	Amendment entry		In force	PDF
Ä 15994 / 7 16 Nov 2004	Amendment entry		In force	PDF
K 21610 / 5 19 Oct 2004	Commercial pledge entered		In force	PDF
K 21610 / 4 19 Oct 2004	Commercial pledge deleted		In force	PDF
Ä 15994 / 6 26 Aug 2003	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

Aves Travel AS

Position in the industry Travel agency, tour operator and other reservation service and related activities · EMTAK 79

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 31