Osaühing GERMAN SILVER

Active Registry code 10638689 OÜ Tallinn Registered 25 Jan 2000

Osaühing GERMAN SILVER is a OÜ based in Tallinn, registry code 10638689, status: active. Main activity: Retail sale of watches and jewellery. According to EMTA, turnover for Q3 2026 was €42 048 with 6 employees.

Turnover

42 048 €

↑ 239.5% vs Q2 2026

State taxes

5 703 €

↑ 102.5% vs Q2 2026

Labour taxes

2 944 €

↑ 24.0% vs Q2 2026

Employees

+1 vs Q2 2026

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

Position in the industry Retail trade · EMTAK 47

Turnover · Q3 2026 42 048 €

above 61% of companies

industry median 23 652 € · companies in the industry: 7 652
Labour taxes per employee 491 €

above 15% of companies

industry median 1 201 € · companies in the industry: 4 663
Revenue · 2025 225 687 €

above 83% of companies

industry median 16 974 € · companies in the industry: 13 500
Net profit margin · 2025 -3.9 %

above 26% of companies

industry median 1.3 % · companies in the industry: 9 480

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 42 048 € · +239.5% vs Q2 2026 · industry median 23 652 € · above 61% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 491 € · +3.3% vs Q2 2026 · industry median 1 201 € · above 15% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 6 · +20.0% vs Q2 2026

State taxes, € Q3 2026: 5 703 € · +102.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	42 048	5 703	2 944	6
Q2 2026	12 387	2 816	2 375	5
Q1 2026	45 287	4 907	2 426	5
Q4 2025	19 689	5 534	3 782	5
Q3 2025	66 820	19 341	6 690	6
Q2 2025	64 298	10 718	7 346	6
Q1 2025	75 086	17 501	5 945	8
Q4 2024	72 172	11 912	6 468	7
Q3 2024	100 515	9 027	5 174	7
Q2 2024	95 530	10 928	4 111	7
Q1 2024	106 095	13 237	6 885	8
Q4 2023	106 241	11 811	5 831	8
Q3 2023	91 888	15 940	8 452	8
Q2 2023	105 519	10 851	5 563	8
Q1 2023	99 089	12 175	4 561	7
Q4 2022	88 917	10 235	5 268	7
Q3 2022	91 220	15 812	5 019	9
Q2 2022	81 318	13 580	7 566	8
Q1 2022	127 316	11 211	4 800	8

Labour taxes per employee per month

164 €

Turnover per employee in the quarter

7 008 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 225 687 € · −22.2% vs 2024 · industry median 16 974 € · above 83% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: -8 695 € · +89.4% vs 2024 · industry median 0 € · above 10% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -3.9 % · +24.4 pp vs the year before · industry median 1.3 % · above 26% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 114 175 € · −50.3% vs 2024

Equity, € thousand 2025: 43 239 € · −16.7% vs 2024

Employees 2025: 4 · −33.3% vs 2024 · industry median 2 · above 80% of the industry

Company
Industry median

Industry: Retail 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	225 687	-8 695	55 656	114 175	43 239	4
2024	289 917	-81 951	71 905	229 627	51 934	6
2023	329 029	19	72 196	281 357	133 885	6
2022	318 713	946	69 423	262 910	133 866	6
2021	313 034	10 256	56 806	280 010	132 920	6
2020	318 539	47 351	55 682	271 823	122 664	6
2019	373 846	10 098	50 278	214 366	85 351	6
2018	—	—	—	—	—	6
2017	—	—	—	—	—	7
2016	—	—	—	—	—	6
2015	—	—	—	—	—	6
2014	—	—	—	—	—	6
2013	—	—	—	—	—	6
2012	—	—	—	—	—	4
2011	—	—	—	—	—	4
2010	—	—	—	—	—	5
2009	—	—	—	—	—	4
2008	—	—	—	—	—	9
2007	—	—	—	—	—	9
2006	—	—	—	—	—	9
2005	—	—	—	—	—	9
2004	—	—	—	—	—	7
2003	—	—	—	—	—	7
2002	—	—	—	—	—	5
2001	—	—	—	—	—	3

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

-3.9 %

Net profit / revenue

Return on equity (ROE)

-20.1 %

Net profit / equity

Return on assets (ROA)

-7.6 %

Net profit / assets

Equity ratio

37.9 %

Equity / assets

Debt ratio

62.1 %

Liabilities / assets

Current ratio

1.60

Current assets / current liabilities

Revenue per employee

56 422 €

Revenue / average full-time employees

Labour cost per employee per month

1 160 €

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	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	26 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	5 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	24 May 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 May 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	14 May 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	17 Jun 2020	Company’s own	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
1	30 000 €	Swedbank AS	2 Nov 2011 – in force

Board

Tatjana Tihhomirova
Board member · since 11 Aug 2009
Anton Zavjalov
Board member · since 7 Nov 2017
Olesja Plotnikova
Board member · since 25 Sep 2018

Right of representation

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

Owners

Tatjana Tihhomirova
Natural person · 1 278 €

50%
Anton Zavjalov
Natural person · 1 278 €

50%

Beneficial owners

Anton Zavjalov
Direct ownership · since 18 Oct 2018
Tatjana Tihhomirova
Direct ownership · since 18 Oct 2018

Founders and other persons

Tatjana Konovalova
Founder · 40 000 € · 25 Jan 2000

shared board members, owners or beneficial owners

Activities (EMTAK)

47771Retail sale of watches and jewellery Main

Rulings 13

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 10046382 / 13 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 10046382 / 12 5 Aug 2019	Amendment entry	In force 5 Aug 2019	PDF
Ä 10046382 / 11 25 Sep 2018	Amendment entry	In force 25 Sep 2018	PDF
Ä 10046382 / 10 17 Jan 2018	Amendment entry	In force 17 Jan 2018	PDF
Ä 10046382 / 9 7 Nov 2017	Amendment entry	In force 7 Nov 2017	PDF
Ä 10046382 / 8 16 Sep 2016	Amendment entry	In force 16 Sep 2016	PDF
K 10161937 2 Nov 2011	Commercial pledge entered	In force 2 Nov 2011	PDF
Ä 10046382 / 7 25 Oct 2011	Amendment entry	In force 25 Oct 2011	PDF
Ä 10046382 / 6 21 Jun 2010	Deletion of activities from the registry card	In force 21 Jun 2010	PDF
Ä 46382 / 5 11 Aug 2009	Entry made by the register on its own initiative	In force 11 Aug 2009	PDF
Ä 46382 / 4 17 Oct 2008	Amendment entry	In force 17 Oct 2008	PDF
Ä 46382 / 3 15 Feb 2007	Amendment entry	In force 15 Feb 2007	PDF
Ä 46382 / 2 15 May 2006	Amendment entry	In force 15 May 2006	PDF

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

Osaühing GERMAN SILVER

Position in the industry Retail trade · EMTAK 47

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 13