Aktsiaselts Baltflex

Active Registry code 10451494 AS Peetri alevik Registered 15 May 1998

Aktsiaselts Baltflex is a AS based in Peetri alevik, registry code 10451494, status: active. Main activity: Wholesale of lifting and transferring apparatus and machines and spares, including containers. According to EMTA, turnover for Q3 2026 was €1 761 941 with 26 employees.

Turnover

1 761 941 €

↓ 9.4% vs Q2 2026

State taxes

305 217 €

↓ 7.1% vs Q2 2026

Labour taxes

99 127 €

↑ 6.9% 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 1.8 mn €

above 91% of companies

industry median 60 065 € · companies in the industry: 6 941
Labour taxes per employee 3 813 €

above 75% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2025 5 mn €

above 94% of companies

industry median 63 691 € · companies in the industry: 10 038
Net profit margin · 2025 0.0 %

above 30% of companies

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

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 761 941 € · −9.4% vs Q2 2026 · industry median 60 065 € · above 91% 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: 3 813 € · +2.8% vs Q2 2026 · industry median 2 104 € · above 75% 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: 26 · +4.0% vs Q2 2026

State taxes, € thousand Q3 2026: 305 217 € · −7.1% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 761 941	305 217	99 127	26
Q2 2026	1 944 182	328 405	92 749	25
Q1 2026	1 550 404	261 858	94 396	25
Q4 2025	1 903 040	307 814	99 547	25
Q3 2025	1 430 421	265 375	96 079	26
Q2 2025	1 855 298	290 314	87 927	24
Q1 2025	1 547 147	206 296	95 721	24
Q4 2024	1 699 141	278 359	86 193	24
Q3 2024	1 398 052	241 494	89 771	23
Q2 2024	1 520 814	275 328	88 981	23
Q1 2024	1 306 441	246 764	109 435	23
Q4 2023	1 949 107	241 697	92 126	25
Q3 2023	1 522 714	244 285	97 175	26
Q2 2023	2 054 087	283 936	97 535	26
Q1 2023	1 822 169	241 992	109 995	26
Q4 2022	2 020 620	295 248	87 143	27
Q3 2022	1 718 321	234 092	97 339	27
Q2 2022	2 734 875	333 560	98 231	30
Q1 2022	1 905 114	262 034	103 523	29

Labour taxes per employee per month

1 271 €

Turnover per employee in the quarter

67 767 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 4 956 523 € · +17.9% vs 2024 · industry median 63 691 € · above 94% 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: 1 222 € · +102.9% vs 2024 · industry median 127 € · above 56% 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: 0.0 % · +1.0 pp vs the year before · industry median 2.7 % · above 30% 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: 4 829 249 € · +3.4% vs 2024

Equity, € thousand 2025: 4 245 491 € · +0.0% vs 2024

Employees 2025: 24 · +0.0% 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	4 956 523	1 222	890 074	4 829 249	4 245 491	24
2024	4 204 019	-42 419	853 570	4 669 614	4 244 269	24
2023	5 258 045	332 036	952 228	4 685 774	4 286 688	26
2022	5 307 785	73 564	945 847	4 657 197	3 954 652	28
2021	4 697 337	135 189	930 340	4 601 921	3 881 088	28
2020	3 456 270	-103 926	902 109	4 090 035	3 745 899	29
2019	3 299 625	-112 335	1 028 830	4 211 371	3 849 825	33
2018	—	—	—	—	—	35
2017	—	—	—	—	—	35
2016	—	—	—	—	—	40
2015	—	—	—	—	—	39
2014	—	—	—	—	—	39
2013	—	—	—	—	—	38
2012	—	—	—	—	—	35
2011	—	—	—	—	—	35
2010	—	—	—	—	—	33
2009	—	—	—	—	—	32
2008	—	—	—	—	—	34
2006	—	—	—	—	—	42
2005	—	—	—	—	—	33
2004	—	—	—	—	—	32
2003	—	—	—	—	—	36
2002	—	—	—	—	—	33
2001	—	—	—	—	—	29
2000	—	—	—	—	—	28
1999	—	—	—	—	—	25
1998	—	—	—	—	—	20
1997	—	—	—	—	—	13

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

0.0 %

Net profit / revenue

Return on equity (ROE)

0.0 %

Net profit / equity

Return on assets (ROA)

0.0 %

Net profit / assets

Equity ratio

87.9 %

Equity / assets

Debt ratio

12.1 %

Liabilities / assets

Current ratio

5.13

Current assets / current liabilities

Revenue per employee

206 522 €

Revenue / average full-time employees

Labour cost per employee per month

3 091 €

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	18 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	17 Jun 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	16 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	11 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	27 Apr 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
3	1 000 000 EEK	aktsiaselts Hansapank	13 Feb 2008 – in force
2	1 600 000 EEK	aktsiaselts Hansapank	27 Mar 2001 – in force
1	922 000 EEK	Oy Nestepaine Ab registri nr. 563.530	24 May 1999 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Kristjan Laugen
Board member · since 28 Jul 2020

Right of representation

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

Owners

No owner information.

Beneficial owners

Erkki Etola
Indirect ownership · FIN · since 29 Oct 2018

Founders and other persons

KPMG Baltics OÜ
Audit firm · 18 Jun 2008
Taivo Epner
Audit firm · 21 May 2012
Janne Kalervo Kantola
Chairman of the supervisory board · 17 Jun 2024
Tarmo Rosenberg
Supervisory board member · 14 Jun 2024
Mika Ilmari Vuorio
Supervisory board member · 19 Jun 2025
Omanikukonto: OY NESTEPAINE AB
Shareholder · 133 568 € · 16 Aug 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

46642Wholesale of lifting and transferring apparatus and machines and spares, including containers Main

Rulings 28

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10023742 / 19 28 Jul 2020	Amendment entry		In force 28 Jul 2020	PDF
Ä 10023742 / M13 19 Jun 2019	Ruling to correct data outside an entry	9 Jul 2019	Deficiencies eliminated 20 Jun 2019	PDF
Ä 10023742 / 18 14 Dec 2018	Amendment entry		In force 14 Dec 2018	PDF
Ä 10023742 / M12 13 Dec 2018	Ruling to eliminate deficiencies	12 Jan 2019	Deficiencies eliminated 14 Dec 2018	PDF
Ä 10023742 / 17 16 Jan 2018	Amendment entry		In force 16 Jan 2018	PDF
Ä 10023742 / 16 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10023742 / M11 1 Nov 2017	Procedural ruling		In force 1 Nov 2017	PDF
Ä 10023742 / 15 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10023742 / M10 13 Sep 2017	Procedural ruling	13 Oct 2017	In force 13 Sep 2017	PDF
Ä 10023742 / 14 22 Sep 2014	Amendment entry		In force 22 Sep 2014	PDF
Ä 10023742 / 13 5 Jun 2012	Amendment entry		In force 5 Jun 2012	PDF
Ä 10023742 / M9 3 Feb 2012	Ruling to be served	31 May 2012	In force 8 Feb 2012	PDF
Ä 10023742 / M8 25 Oct 2011	Ruling to eliminate deficiencies	25 Jan 2012	Deficiencies eliminated 29 May 2012	PDF
Ä 10023742 / 12 3 Aug 2011	Entry refused: deficiencies not eliminated		In force 23 Aug 2011	PDF
Ä 23742 / 11 3 Dec 2008	Deletion of activities from the registry card		In force 4 Dec 2008	PDF
Ä 23742 / 10 26 Jun 2008	Amendment entry		In force 30 Jun 2008	PDF
K 41365 / 4 13 Feb 2008	Commercial pledge entered		In force 13 Feb 2008	PDF
Ä 23742 / M7 3 Oct 2007	Fine for not filing the report		In force 8 Oct 2007	PDF
Ä 23742 / 9 29 Nov 2005	Amendment entry		In force	PDF
Ä 23742 / M6 23 Nov 2005	Ruling to eliminate deficiencies (to be served)	30 Dec 2005	In force	PDF
Ä 23742 / M5 3 Nov 2005	Ruling to eliminate deficiencies (to be served)	20 Dec 2005	In force	PDF
Ä 23742 / 8 2 Nov 2005	Negative entry decision		In force	PDF
Ä 23742 / M4 7 Jun 2005	Ruling to eliminate deficiencies (to be served)	15 Jul 2005	In force	PDF
Ä 23742 / M3 3 Jan 2005	Ruling to eliminate deficiencies (to be served)	15 Feb 2005	In force	PDF
Ä 23742 / 7 28 May 2003	Amendment entry		In force	PDF
Ä 23742 / 6 15 Oct 2002	Unpublished amendment entry		In force	PDF
K 41365 / 3 28 May 2002	Commercial pledge amended		In force	PDF
Ä 23742 / 5 1 Apr 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 Baltflex

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 28