Baltic Workboats AS
Active Registry code 10657801
AS Nasva alevik Registered 27 Apr 2000
Baltic Workboats AS is a AS based in Nasva alevik, registry code 10657801, status: active. Main activity: Building of civilian ships. According to EMTA, turnover for Q3 2026 was €8 134 329 with 197 employees.
Turnover
8 134 329 €
↓ 64.0% vs Q2 2026
State taxes
901 659 €
↓ 13.6% vs Q2 2026
Labour taxes
932 779 €
↓ 13.6% vs Q2 2026
Employees
197
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 8.1 mn €above 98% of companiesindustry median 33 597 € · companies in the industry: 110
- Labour taxes per employee 4 735 €above 86% of companiesindustry median 2 212 € · companies in the industry: 94
- Revenue · 2025 65.4 mn €above 98% of companiesindustry median 61 813 € · companies in the industry: 163
- Net profit margin · 2025 4.9 %above 46% of companiesindustry median 6.8 % · companies in the industry: 119
Taxes and turnover
- Company
- Industry median
Industry: Manufacture of other transport equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of other transport equipment (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 | 8 134 329 | 901 659 | 932 779 | 197 |
| Q2 2026 | 22 622 960 | 1 043 770 | 1 080 011 | 197 |
| Q1 2026 | 28 357 133 | 1 066 410 | 1 028 053 | 193 |
| Q4 2025 | 11 544 830 | 1 799 320 | 1 089 947 | 193 |
| Q3 2025 | 7 437 454 | 1 086 148 | 1 126 478 | 191 |
| Q2 2025 | 8 315 547 | 953 443 | 1 012 122 | 193 |
| Q1 2025 | 28 297 073 | 2 329 860 | 1 006 445 | 195 |
| Q4 2024 | 15 337 090 | 319 704 | 970 564 | 191 |
| Q3 2024 | 5 253 143 | 699 302 | 948 272 | 187 |
| Q2 2024 | 3 956 980 | 853 219 | 896 939 | 181 |
| Q1 2024 | 13 524 282 | 1 781 662 | 805 370 | 169 |
| Q4 2023 | 9 384 310 | 685 386 | 712 531 | 148 |
| Q3 2023 | 13 291 950 | 941 494 | 697 369 | 144 |
| Q2 2023 | 19 841 568 | 104 492 | 725 356 | 149 |
| Q1 2023 | 11 938 814 | 697 333 | 704 827 | 157 |
| Q4 2022 | 10 218 699 | 479 596 | 698 053 | 164 |
| Q3 2022 | 5 269 686 | 677 521 | 706 991 | 166 |
| Q2 2022 | 12 377 698 | 158 704 | 654 216 | 168 |
| Q1 2022 | 7 250 243 | 470 914 | 702 575 | 161 |
Labour taxes per employee per month
1 578 €
Turnover per employee in the quarter
41 291 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Manufacture of other transport equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of other transport equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of other transport equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of other transport equipment (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 | 65 442 623 | 3 200 749 | 9 741 590 | 49 011 091 | 8 209 041 | 204 |
| 2024 | 51 761 198 | 1 219 077 | 8 919 198 | 45 779 348 | 5 008 292 | 191 |
| 2023 | 41 707 166 | 1 125 412 | 6 863 435 | 84 761 857 | 18 259 333 | 161 |
| 2022 | 39 087 493 | 1 935 981 | 6 638 333 | 59 040 015 | 17 133 921 | 170 |
| 2021 | 39 609 848 | 2 321 174 | 5 784 771 | 49 603 783 | 15 197 940 | 159 |
| 2020 | 36 739 161 | 2 533 460 | 5 370 030 | 46 939 345 | 13 038 178 | 157 |
| 2019 | 24 954 715 | -362 097 | 5 875 680 | 34 948 720 | 10 504 718 | 183 |
| 2018 | — | — | — | — | — | 193 |
| 2017 | — | — | — | — | — | 178 |
| 2016 | — | — | — | — | — | 136 |
| 2015 | — | — | — | — | — | 135 |
| 2014 | — | — | — | — | — | 115 |
| 2013 | — | — | — | — | — | 109 |
| 2012 | — | — | — | — | — | 120 |
| 2011 | — | — | — | — | — | 86 |
| 2010 | — | — | — | — | — | 79 |
| 2009 | — | — | — | — | — | 62 |
| 2008 | — | — | — | — | — | 43 |
| 2007 | — | — | — | — | — | 34 |
| 2006 | — | — | — | — | — | 32 |
| 2005 | — | — | — | — | — | 31 |
| 2004 | — | — | — | — | — | 27 |
| 2003 | — | — | — | — | — | 25 |
| 2002 | — | — | — | — | — | 23 |
| 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
4.9 %
Net profit / revenue
Return on equity (ROE)
39.0 %
Net profit / equity
Return on assets (ROA)
6.5 %
Net profit / assets
Equity ratio
16.7 %
Equity / assets
Debt ratio
83.3 %
Liabilities / assets
Current ratio
1.05
Current assets / current liabilities
Revenue per employee
322 036 €
Revenue / average full-time employees
Labour cost per employee per month
3 979 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 8 Jul 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 18 Jul 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 29 Jun 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 27 Jun 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 30 Jun 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 29 Jun 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 12 Oct 2020 | Company’s own · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 7 | 16 102 537 € | Luminor Bank AS | 8 Jan 2025 – in force |
| 6 | 9 100 000 € | Luminor Bank AS | 29 Mar 2017 – in force |
| 5 | 4 279 937 € | Luminor Bank AS | 29 Apr 2013 – in force |
| 4 | 73 540 000 EEK | Luminor Bank AS | 24 Nov 2010 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Ahto PärlBoard member · since 12 Jul 2024
- Erik AleksejevBoard member · since 9 Dec 2024
- Margus VanaseljaBoard member · since 17 Nov 2025
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%
- 1.18%
- 24.90%
- 50%
Beneficial owners
- Margus VanaseljaDirect ownership · since 18 Oct 2018
- MÄRTEN VAIKMAADirect ownership · since 18 Oct 2018
Founders and other persons
- Martin KaljusteFounder · 280 000 € · 27 Apr 2000
- Rein MerisaluFounder · 120 000 € · 27 Apr 2000
- KPMG Baltics OÜAudit firm · 9 Oct 2020
- Märten VaikmaaChairman of the supervisory board · 29 Aug 2023
- Jüri TužilkinSupervisory board member · 29 Aug 2023
- Riina VaherSupervisory board member · 3 Jul 2024
- Omanikukonto: MARGUS VANASELJAShareholder · 12 144 € · 16 Aug 2023
- Omanikukonto: MÄRTEN VAIKMAAShareholder · 12 144 € · 16 Aug 2023
- Omanikukonto: BMG CONSULT OÜShareholder · 7 668 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 30111Building of civilian ships Main
- 33151Repair and maintenance of civilian ships and boats
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 30013816 / 36 19 Jan 2026 |
Amendment entry | In force 19 Jan 2026 |
||
| Ä 30013816 / 35 17 Nov 2025 |
Amendment entry | In force 17 Nov 2025 |
||
| Ä 30013816 / M13 12 Jul 2025 |
Warning of a fine: annual report not filed | 11 Aug 2025 | Deficiencies eliminated 19 Jul 2025 |
|
| K 30013816 / 34 8 Jan 2025 |
Commercial pledge entered | In force 8 Jan 2025 |
||
| K 30013816 / M12 31 Dec 2024 |
Procedural ruling | 10 Jan 2025 | Deficiencies eliminated 31 Dec 2024 |
|
| Ä 30013816 / 33 20 Dec 2024 |
Division entry (second, constitutive) | In force 20 Dec 2024 |
||
| Ä 30013816 / 32 9 Dec 2024 |
Amendment entry | In force 9 Dec 2024 |
||
| Ä 30013816 / 31 12 Jul 2024 |
Amendment entry | In force 12 Jul 2024 |
||
| Ä 30013816 / 30 26 Apr 2024 |
Amendment entry | In force 26 Apr 2024 |
||
| Ä 30013816 / 29 6 Aug 2021 |
Amendment entry | In force 6 Aug 2021 |
||
| Ä 30013816 / M11 30 Jul 2021 |
Procedural ruling | 9 Aug 2021 | Deficiencies eliminated 2 Aug 2021 |
|
| Ä 30013816 / 28 5 Mar 2020 |
Amendment entry | In force 5 Mar 2020 |
||
| Ä 30013816 / M10 3 Mar 2020 |
Procedural ruling | In force 3 Mar 2020 |
||
| Ä 30013816 / 27 28 Jan 2019 |
Amendment under Commercial Code § 525 (2) | In force 28 Jan 2019 |
||
| Ä 30013816 / 26 25 Jul 2018 |
Amendment entry | In force 25 Jul 2018 |
||
| Ä 30013816 / M9 23 Jul 2018 |
Ruling to eliminate deficiencies | 7 Aug 2018 | Deficiencies eliminated 23 Jul 2018 |
|
| K 30013816 / 25 12 Mar 2018 |
Commercial pledge amended | In force 12 Mar 2018 |
||
| Ä 30013816 / 24 13 Feb 2018 |
Amendment entry | In force 13 Feb 2018 |
||
| Ä 30013816 / 23 18 Jan 2018 |
Amendment entry | In force 18 Jan 2018 |
||
| Ä 30013816 / 22 4 Dec 2017 |
Amendment entry | In force 4 Dec 2017 |
||
| Ä 30013816 / 21 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 30013816 / 20 5 May 2017 |
Amendment entry | In force 5 May 2017 |
||
| K 30013816 / 19 29 Mar 2017 |
Commercial pledge entered | In force 29 Mar 2017 |
||
| Ä 30013816 / 18 2 Feb 2017 |
Amendment entry | In force 2 Feb 2017 |
||
| Ä 30013816 / M8 13 Jan 2017 |
Ruling to eliminate deficiencies | 28 Jan 2017 | Deficiencies eliminated 2 Feb 2017 |
|
| Ä 30013816 / M7 17 Nov 2016 |
Ruling to correct data outside an entry | 17 Dec 2016 | Deficiencies eliminated 17 Nov 2016 |
|
| Ä 30013816 / 17 11 Mar 2016 |
Division entry (second, constitutive) | In force 11 Mar 2016 |
||
| Ä 30013816 / 16 16 Apr 2015 |
Amendment entry | In force 16 Apr 2015 |
||
| K 30013816 / 15 3 Jun 2014 |
Commercial pledge amended | In force 3 Jun 2014 |
||
| Ä 30013816 / M6 21 Nov 2013 |
Ruling to correct data outside an entry | 21 Dec 2013 | Deficiencies eliminated 21 Nov 2013 |
|
| Ä 30013816 / 14 21 Nov 2013 |
Amendment under Commercial Code § 525 (2) | In force 21 Nov 2013 |
||
| K 30013816 / 13 29 Apr 2013 |
Commercial pledge entered | In force 29 Apr 2013 |
||
| K 30013816 / 12 29 Apr 2013 |
Commercial pledge amended | In force 29 Apr 2013 |
||
| Ä 30013816 / 11 27 Apr 2011 |
Amendment entry | In force 27 Apr 2011 |
||
| Ä 30013816 / M5 20 Apr 2011 |
Ruling to eliminate deficiencies | In force 20 Apr 2011 |
||
| Ä 30013816 / 10 18 Feb 2011 |
Amendment entry | In force 18 Feb 2011 |
||
| Ä 30013816 / M4 16 Dec 2010 |
Ruling to eliminate deficiencies | In force 16 Dec 2010 |
||
| Ä 30013816 / 9 1 Dec 2010 |
Entry made by the register on its own initiative | In force 1 Dec 2010 |
||
| K 30019713 / 8 24 Nov 2010 |
Commercial pledge entered | In force 24 Nov 2010 |
||
| K 30019713 / 7 24 Nov 2010 |
Commercial pledge deleted | In force 24 Nov 2010 |
||
| K 30019713 / 6 24 Nov 2010 |
Commercial pledge deleted | In force 24 Nov 2010 |
||
| K 30019713 / 5 24 Nov 2010 |
Commercial pledge deleted | In force 24 Nov 2010 |
||
| Ä 30013816 / M3 22 Nov 2010 |
Ruling to eliminate deficiencies | 4 Jan 2011 | In force 22 Nov 2010 |
|
| Ä 30013816 / 8 22 Nov 2010 |
Amendment entry | In force 22 Nov 2010 |
||
| K 19713 / 4 21 Apr 2009 |
Commercial pledge entered | In force 21 Apr 2009 |
||
| Ä 13816 / 7 3 Dec 2008 |
Deletion of activities from the registry card | In force 3 Dec 2008 |
||
| Ä 13816 / M2 28 Aug 2007 |
Warning of a fine: deficiencies in the annual report | 29 Sep 2007 | Deficiencies eliminated 4 Sep 2007 |
|
| K 19713 / 3 24 Aug 2005 |
Commercial pledge entered | In force | ||
| Ä 13816 / 6 8 Feb 2005 |
Amendment entry | In force | ||
| Ä 13816 / 5 26 Oct 2004 |
Amendment entry | In force | ||
| Ä 13816 / 4 17 Sep 2004 |
Amendment entry | In force | ||
| K 19713 / 2 17 Sep 2004 |
Compliance with Commercial Code § 33 (7.1) | In force | ||
| K 19713 29 Jul 2004 |
Commercial pledge entered | In force | ||
| Ä 13816 / 3 19 Dec 2002 |
Unpublished amendment entry | In force | ||
| Ä 13816 / 2 13 Mar 2002 |
Entry decision on the register’s own initiative | In force |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data