UPEX LS OÜ

Active Registry code 10465065 OÜ Tallinn Registered 3 Jul 1998

UPEX LS OÜ is a OÜ based in Tallinn, registry code 10465065, status: active. Main activity: Organising and forwarding freight consignments. According to EMTA, turnover for Q3 2026 was €121 213 with 2 employees.

Turnover

121 213 €

↓ 54.0% vs Q2 2026

State taxes

42 178 €

↑ 37.5% vs Q2 2026

Labour taxes

12 814 €

↑ 6.2% vs Q2 2026

Employees

±0 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 121 213 €

above 67% of companies

industry median 38 439 € · companies in the industry: 1 299
Labour taxes per employee 6 407 €

above 95% of companies

industry median 1 714 € · companies in the industry: 884
Revenue · 2025 913 162 €

above 87% of companies

industry median 36 293 € · companies in the industry: 2 027
Net profit margin · 2025 12.6 %

above 71% of companies

industry median 2.9 % · companies in the industry: 1 539

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 121 213 € · −54.0% vs Q2 2026 · industry median 38 439 € · above 67% of the industry

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: 6 407 € · +6.2% vs Q2 2026 · industry median 1 714 € · above 95% of the industry

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: 2 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 42 178 € · +37.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	121 213	42 178	12 814	2
Q2 2026	263 618	30 681	12 069	2
Q1 2026	118 419	15 141	10 709	2
Q4 2025	379 530	78 824	11 105	2
Q3 2025	133 997	15 884	8 766	2
Q2 2025	271 491	41 920	7 987	2
Q1 2025	288 636	20 545	7 052	2
Q4 2024	349 244	41 277	6 094	2
Q3 2024	200 969	35 930	6 094	2
Q2 2024	234 783	28 169	6 409	2
Q1 2024	396 048	21 855	10 084	2
Q4 2023	203 552	19 886	6 409	2
Q3 2023	157 345	21 681	6 409	2
Q2 2023	293 184	86 695	6 409	2
Q1 2023	171 860	14 139	6 409	2
Q4 2022	262 444	42 533	6 409	2
Q3 2022	306 568	87 892	6 409	2
Q2 2022	187 715	57 358	6 409	2
Q1 2022	149 970	11 589	6 118	2

Labour taxes per employee per month

2 136 €

Turnover per employee in the quarter

60 607 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 913 162 € · −4.8% vs 2024 · industry median 36 293 € · above 87% of the industry

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: 114 733 € · +263.3% vs 2024 · industry median 123 € · above 92% of the industry

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: 12.6 % · +9.3 pp vs the year before · industry median 2.9 % · above 71% of the industry

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: 391 682 € · +31.3% vs 2024

Equity, € thousand 2025: 263 581 € · +77.1% vs 2024

Employees 2025: 2 · +0.0% vs 2024 · industry median 2 · above 50% of the industry

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	913 162	114 733	88 403	391 682	263 581	2
2024	959 221	31 577	70 897	298 421	148 848	2
2023	838 473	13 886	60 377	286 494	117 271	2
2022	748 975	13 377	60 377	172 876	103 385	2
2021	437 467	-16 174	59 227	134 548	90 008	2
2020	228 069	-69 645	56 062	126 088	106 182	2
2019	970 492	124 791	38 216	207 069	175 827	2
2018	—	—	—	—	—	1
2017	—	—	—	—	—	1
2016	—	—	—	—	—	1
2015	—	—	—	—	—	2
2014	—	—	—	—	—	3
2013	—	—	—	—	—	3
2012	—	—	—	—	—	2
2011	—	—	—	—	—	2
2010	—	—	—	—	—	2
2009	—	—	—	—	—	5
2008	—	—	—	—	—	6
2007	—	—	—	—	—	5
2006	—	—	—	—	—	5
2005	—	—	—	—	—	6
2004	—	—	—	—	—	7
2003	—	—	—	—	—	7
2002	—	—	—	—	—	7
2001	—	—	—	—	—	6
2000	—	—	—	—	—	5
1999	—	—	—	—	—	3
1998	—	—	—	—	—	1

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

12.6 %

Net profit / revenue

Return on equity (ROE)

43.5 %

Net profit / equity

Return on assets (ROA)

29.3 %

Net profit / assets

Equity ratio

67.3 %

Equity / assets

Debt ratio

32.7 %

Liabilities / assets

Current ratio

2.76

Current assets / current liabilities

Revenue per employee

456 581 €

Revenue / average full-time employees

Labour cost per employee per month

3 683 €

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	28 Jul 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	1 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	6 Aug 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	11 Jul 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	29 Nov 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	26 Jun 2020	Company’s own	e-Äriregister

Board

Urmas Palk
Board member · since 3 Jul 1998

Right of representation

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

Owners

Urmas Palk
Natural person · 10 225 €

100%

Beneficial owners

Urmas Palk
Direct ownership · since 31 Oct 2018

Founders and other persons

Kaupo Kala
Founder · 5 000 € · 3 Jul 1998
Urmas Palk
Founder · 5 000 € · 3 Jul 1998

shared board members, owners or beneficial owners

Activities (EMTAK)

52261Organising and forwarding freight consignments Main

Rulings 10

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10033285 / M2 26 Jul 2026	Warning of a fine: annual report not filed	27 Aug 2026	Deficiencies eliminated 28 Jul 2026	PDF
Ä 10033285 / M1 6 Jul 2024	Warning of a fine: annual report not filed	5 Aug 2024	Deficiencies eliminated 7 Aug 2024	PDF
Ä 10033285 / 10 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10033285 / 9 6 Dec 2019	Amendment under Commercial Code § 525 (2)		In force 6 Dec 2019	PDF
Ä 10033285 / 8 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10033285 / 7 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10033285 / 6 29 Sep 2016	Amendment entry		In force 29 Sep 2016	PDF
Ä 10033285 / 5 19 Dec 2011	Amendment entry		In force 19 Dec 2011	PDF
Ä 10033285 / 4 1 Jul 2010	Deletion of activities from the registry card		In force 1 Jul 2010	PDF
Ä 33285 / 3 22 Jan 2004	Amendment entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data

UPEX LS OÜ

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

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 10