Tschudi Ship Management AS

Active Registry code 10788166 AS Tallinn Registered 3 Aug 2001
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Tschudi Ship Management AS is a AS based in Tallinn, registry code 10788166, status: active. Main activity: Other support activities for transportation. According to EMTA, turnover for Q3 2026 was €1 195 365 with 20 employees.

Turnover
1 195 365 €
↑ 0.8% vs Q2 2026
State taxes
131 261 €
↑ 1.8% vs Q2 2026
Labour taxes
141 485 €
↑ 2.0% vs Q2 2026
Employees
20
±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 1.2 mn €
    industry median 38 439 € · companies in the industry: 1 299
  • Labour taxes per employee 7 074 €
    industry median 1 714 € · companies in the industry: 884
  • Revenue · 2025 3 mn €
    industry median 36 293 € · companies in the industry: 2 027
  • Net profit margin · 2025 -16.8 %
    industry median 2.9 % · companies in the industry: 1 539

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 195 365 € · +0.8% vs Q2 2026 · industry median 38 439 € · above 91% of the industry
02505007501 0001 250Q4 2023 Company: 998 170 € Industry median: 43 017 €Q4·23Q1 2024 Company: 981 603 € Industry median: 39 730 €Q2 2024 Company: 1 098 461 € Industry median: 42 377 €Q2·24Q3 2024 Company: 1 222 342 € Industry median: 43 191 €Q4 2024 Company: 1 194 208 € Industry median: 43 044 €Q4·24Q1 2025 Company: 1 243 314 € Industry median: 38 591 €Q2 2025 Company: 1 143 412 € Industry median: 39 388 €Q2·25Q3 2025 Company: 944 245 € Industry median: 38 108 €Q4 2025 Company: 984 842 € Industry median: 36 775 €Q4·25Q1 2026 Company: 1 068 181 € Industry median: 31 616 €Q2 2026 Company: 1 185 782 € Industry median: 38 825 €Q2·26Q3 2026 Company: 1 195 365 € Industry median: 38 439 €Q3·2602505007501 0001 250Q4 2024 Company: 1 194 208 € Industry median: 43 044 €Q1 2025 Company: 1 243 314 € Industry median: 38 591 €Q1·25Q2 2025 Company: 1 143 412 € Industry median: 39 388 €Q3 2025 Company: 944 245 € Industry median: 38 108 €Q3·25Q4 2025 Company: 984 842 € Industry median: 36 775 €Q1 2026 Company: 1 068 181 € Industry median: 31 616 €Q1·26Q2 2026 Company: 1 185 782 € Industry median: 38 825 €Q3 2026 Company: 1 195 365 € Industry median: 38 439 €Q3·26
  • 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: 7 074 € · +2.0% vs Q2 2026 · industry median 1 714 € · above 98% of the industry
02 0004 0006 0008 000Q4 2023 Company: 6 895 € Industry median: 1 553 €Q4·23Q1 2024 Company: 7 152 € Industry median: 1 665 €Q2 2024 Company: 6 513 € Industry median: 1 643 €Q2·24Q3 2024 Company: 5 958 € Industry median: 1 681 €Q4 2024 Company: 5 681 € Industry median: 1 663 €Q4·24Q1 2025 Company: 7 647 € Industry median: 1 829 €Q2 2025 Company: 6 126 € Industry median: 1 693 €Q2·25Q3 2025 Company: 7 165 € Industry median: 1 747 €Q4 2025 Company: 6 813 € Industry median: 1 706 €Q4·25Q1 2026 Company: 7 427 € Industry median: 1 665 €Q2 2026 Company: 6 936 € Industry median: 1 577 €Q2·26Q3 2026 Company: 7 074 € Industry median: 1 714 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 5 681 € Industry median: 1 663 €Q1 2025 Company: 7 647 € Industry median: 1 829 €Q1·25Q2 2025 Company: 6 126 € Industry median: 1 693 €Q3 2025 Company: 7 165 € Industry median: 1 747 €Q3·25Q4 2025 Company: 6 813 € Industry median: 1 706 €Q1 2026 Company: 7 427 € Industry median: 1 665 €Q1·26Q2 2026 Company: 6 936 € Industry median: 1 577 €Q3 2026 Company: 7 074 € Industry median: 1 714 €Q3·26
  • 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: 20 · +0.0% vs Q2 2026
0510152025Q4 2023 Company: 19Q4·23Q1 2024 Company: 18Q2 2024 Company: 20Q2·24Q3 2024 Company: 21Q4 2024 Company: 25Q4·24Q1 2025 Company: 23Q2 2025 Company: 24Q2·25Q3 2025 Company: 22Q4 2025 Company: 23Q4·25Q1 2026 Company: 21Q2 2026 Company: 20Q2·26Q3 2026 Company: 20Q3·260510152025Q4 2024 Company: 25Q1 2025 Company: 23Q1·25Q2 2025 Company: 24Q3 2025 Company: 22Q3·25Q4 2025 Company: 23Q1 2026 Company: 21Q1·26Q2 2026 Company: 20Q3 2026 Company: 20Q3·26
State taxes, € thousand Q3 2026: 131 261 € · +1.8% vs Q2 2026
050100150200Q4 2023 Company: 125 083 €Q4·23Q1 2024 Company: 120 951 €Q2 2024 Company: 122 804 €Q2·24Q3 2024 Company: 137 410 €Q4 2024 Company: 135 925 €Q4·24Q1 2025 Company: 164 791 €Q2 2025 Company: 137 844 €Q2·25Q3 2025 Company: 147 072 €Q4 2025 Company: 146 595 €Q4·25Q1 2026 Company: 146 043 €Q2 2026 Company: 128 944 €Q2·26Q3 2026 Company: 131 261 €Q3·26050100150200Q4 2024 Company: 135 925 €Q1 2025 Company: 164 791 €Q1·25Q2 2025 Company: 137 844 €Q3 2025 Company: 147 072 €Q3·25Q4 2025 Company: 146 595 €Q1 2026 Company: 146 043 €Q1·26Q2 2026 Company: 128 944 €Q3 2026 Company: 131 261 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 1 195 365 131 261 141 485 20
Q2 2026 1 185 782 128 944 138 728 20
Q1 2026 1 068 181 146 043 155 971 21
Q4 2025 984 842 146 595 156 698 23
Q3 2025 944 245 147 072 157 633 22
Q2 2025 1 143 412 137 844 147 024 24
Q1 2025 1 243 314 164 791 175 890 23
Q4 2024 1 194 208 135 925 142 025 25
Q3 2024 1 222 342 137 410 125 110 21
Q2 2024 1 098 461 122 804 130 265 20
Q1 2024 981 603 120 951 128 731 18
Q4 2023 998 170 125 083 131 014 19
Q3 2023 1 060 517 111 422 118 355 20
Q2 2023 1 138 239 96 684 102 128 18
Q1 2023 800 521 111 596 117 970 17
Q4 2022 679 605 107 455 113 528 17
Q3 2022 790 469 115 117 122 051 17
Q2 2022 721 427 99 597 105 892 16
Q1 2022 708 072 92 136 96 870 17
Labour taxes per employee per month
2 358 €
Turnover per employee in the quarter
59 768 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 3 030 665 € · −9.7% vs 2024 · industry median 36 293 € · above 94% of the industry
01 0002 0003 0004 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 928 400 € Industry median: 60 551 €20192020 Company: 1 415 975 € Industry median: 45 642 €20202021 Company: 2 360 198 € Industry median: 47 198 €20212022 Company: 1 997 911 € Industry median: 51 350 €20222023 Company: 3 075 831 € Industry median: 39 956 €20232024 Company: 3 355 011 € Industry median: 37 221 €20242025 Company: 3 030 665 € Industry median: 36 293 €202501 0002 0003 0004 0002018 Company: — Industry median: —2019 Company: 1 928 400 € Industry median: 60 551 €20192020 Company: 1 415 975 € Industry median: 45 642 €2021 Company: 2 360 198 € Industry median: 47 198 €20212022 Company: 1 997 911 € Industry median: 51 350 €2023 Company: 3 075 831 € Industry median: 39 956 €20232024 Company: 3 355 011 € Industry median: 37 221 €2025 Company: 3 030 665 € Industry median: 36 293 €2025
  • 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: -509 874 € · −278.9% vs 2024 · industry median 123 € · above 2% of the industry
-750-500-25002505007502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -329 665 € Industry median: 1 081 €20192020 Company: -104 350 € Industry median: 692 €20202021 Company: -45 327 € Industry median: 1 330 €20212022 Company: -11 684 € Industry median: 1 182 €20222023 Company: 512 524 € Industry median: 282 €20232024 Company: 284 960 € Industry median: 45 €20242025 Company: -509 874 € Industry median: 123 €2025-750-500-25002505007502018 Company: — Industry median: —2019 Company: -329 665 € Industry median: 1 081 €20192020 Company: -104 350 € Industry median: 692 €2021 Company: -45 327 € Industry median: 1 330 €20212022 Company: -11 684 € Industry median: 1 182 €2023 Company: 512 524 € Industry median: 282 €20232024 Company: 284 960 € Industry median: 45 €2025 Company: -509 874 € Industry median: 123 €2025
  • 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: -16.8 % · −25.3 pp vs the year before · industry median 2.9 % · above 15% of the industry
-20-10010202016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -17.1 % Industry median: 3.6 %20192020 Company: -7.4 % Industry median: 4.1 %20202021 Company: -1.9 % Industry median: 4.8 %20212022 Company: -0.6 % Industry median: 5.4 %20222023 Company: 16.7 % Industry median: 3.9 %20232024 Company: 8.5 % Industry median: 3.2 %20242025 Company: -16.8 % Industry median: 2.9 %2025-20-10010202018 Company: — Industry median: —2019 Company: -17.1 % Industry median: 3.6 %20192020 Company: -7.4 % Industry median: 4.1 %2021 Company: -1.9 % Industry median: 4.8 %20212022 Company: -0.6 % Industry median: 5.4 %2023 Company: 16.7 % Industry median: 3.9 %20232024 Company: 8.5 % Industry median: 3.2 %2025 Company: -16.8 % Industry median: 2.9 %2025
  • 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: 1 293 172 € · −26.6% vs 2024
05001 0001 5002 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 880 883 €20192020 Company: 971 804 €20202021 Company: 885 269 €20212022 Company: 681 214 €20222023 Company: 1 261 802 €20232024 Company: 1 761 844 €20242025 Company: 1 293 172 €202505001 0001 5002 0002018 Company: —2019 Company: 880 883 €20192020 Company: 971 804 €2021 Company: 885 269 €20212022 Company: 681 214 €2023 Company: 1 261 802 €20232024 Company: 1 761 844 €2025 Company: 1 293 172 €2025
Equity, € thousand 2025: 476 979 € · −51.9% vs 2024
02004006008001 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 499 123 €20192020 Company: 394 773 €20202021 Company: 349 446 €20212022 Company: 337 761 €20222023 Company: 770 285 €20232024 Company: 991 300 €20242025 Company: 476 979 €202502004006008001 0002018 Company: —2019 Company: 499 123 €20192020 Company: 394 773 €2021 Company: 349 446 €20212022 Company: 337 761 €2023 Company: 770 285 €20232024 Company: 991 300 €2025 Company: 476 979 €2025
Employees 2025: 24 · −4.0% vs 2024 · industry median 2 · above 93% of the industry
0102030402016 Company: 18 Industry median: —20162017 Company: 18 Industry median: —20172018 Company: 23 Industry median: 220182019 Company: 25 Industry median: 220192020 Company: 20 Industry median: 220202021 Company: 31 Industry median: 220212022 Company: 18 Industry median: 220222023 Company: 18 Industry median: 220232024 Company: 25 Industry median: 220242025 Company: 24 Industry median: 220250102030402018 Company: 23 Industry median: 22019 Company: 25 Industry median: 220192020 Company: 20 Industry median: 22021 Company: 31 Industry median: 220212022 Company: 18 Industry median: 22023 Company: 18 Industry median: 220232024 Company: 25 Industry median: 22025 Company: 24 Industry median: 22025
  • 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 3 030 665 -509 874 1 443 029 1 293 172 476 979 24
2024 3 355 011 284 960 1 311 652 1 761 844 991 300 25
2023 3 075 831 512 524 1 196 403 1 261 802 770 285 18
2022 1 997 911 -11 684 1 116 917 681 214 337 761 18
2021 2 360 198 -45 327 1 431 045 885 269 349 446 31
2020 1 415 975 -104 350 939 695 971 804 394 773 20
2019 1 928 400 -329 665 1 351 623 880 883 499 123 25
2018 — — — — — 23
2017 — — — — — 18
2016 — — — — — 18
2015 — — — — — 17
2014 — — — — — 14
2013 — — — — — 11
2012 — — — — — 13
2011 — — — — — 18
2010 — — — — — 15
2009 — — — — — 15
2008 — — — — — 15
2007 — — — — — 15
2006 — — — — — 15
2005 — — — — — 14
2004 — — — — — 14
2003 — — — — — 14
2002 — — — — — 14
2001 — — — — — 17

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
-16.8 %
Net profit / revenue
Return on equity (ROE)
-106.9 %
Net profit / equity
Return on assets (ROA)
-39.4 %
Net profit / assets
Equity ratio
36.9 %
Equity / assets
Debt ratio
63.1 %
Liabilities / assets
Current ratio
1.42
Current assets / current liabilities
Revenue per employee
126 278 €
Revenue / average full-time employees
Labour cost per employee per month
5 011 €
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 3 Jul 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 27 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 28 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 19 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 16 Jun 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 18 Jun 2020 Company’s own · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Martin Kruus
    Board member · since 15 Jan 2026
  • Mikkjal Poulsen
    Board member · since 8 Apr 2026

Right of representation

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

Owners

No owner information.

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 5226Other support activities for transportation Main
  • 52261Organising and forwarding freight consignments
  • 6220Computer consultancy and computer facilities management activities
  • 78101Activities of employment placement agencies
Rulings
Number, date Title Deadline State Document
Ä 10059417 / 24
11 May 2026
Amendment entry In force
11 May 2026
PDF
Ä 10059417 / 23
8 Apr 2026
Amendment entry In force
8 Apr 2026
PDF
Ä 10059417 / 22
15 Jan 2026
Amendment entry In force
15 Jan 2026
PDF
Ä 10059417 / 21
14 Jan 2026
Second (constitutive) merger entry In force
14 Jan 2026
PDF
Ä 10059417 / M16
7 Jan 2026
Procedural ruling 14 Jan 2026 In force
7 Jan 2026
PDF
Ä 10059417 / M15
25 Sep 2025
Ruling to correct data outside an entry 25 Oct 2025 Deficiencies eliminated
11 Nov 2025
PDF
Ä 10059417 / 20
17 Dec 2024
Second (constitutive) merger entry In force
17 Dec 2024
PDF
Ä 10059417 / M14
9 Dec 2024
Ruling to eliminate deficiencies 25 Dec 2024 Deficiencies eliminated
17 Dec 2024
PDF
Ä 10059417 / M13
6 Dec 2024
Procedural ruling 13 Dec 2024 In force
6 Dec 2024
PDF
Ä 10059417 / M12
9 Sep 2024
Ruling to correct data outside an entry 19 Sep 2024 Deficiencies eliminated
12 Sep 2024
PDF
Ä 10059417 / M11
29 Aug 2024
Ruling to correct data outside an entry 12 Sep 2024 Deficiencies eliminated
12 Sep 2024
PDF
Ä 10059417 / M10
30 Jan 2023
Ruling to correct data outside an entry 9 Feb 2023 Deficiencies eliminated
31 Jan 2023
PDF
Ä 10059417 / M9
30 May 2022
Ruling to correct data outside an entry 29 Jun 2022 Deficiencies eliminated
1 Jun 2022
PDF
Ä 10059417 / 19
2 Feb 2022
Amendment entry In force
2 Feb 2022
PDF
Ä 10059417 / M8
1 Feb 2022
Ruling to eliminate deficiencies 3 Mar 2022 Deficiencies eliminated
2 Feb 2022
PDF
Ä 10059417 / M7
31 Aug 2021
Ruling to correct data outside an entry 10 Sep 2021 Deficiencies eliminated
2 Sep 2021
PDF
Ä 10059417 / 18
15 Oct 2020
Amendment entry In force
15 Oct 2020
PDF
Ä 10059417 / M6
23 Sep 2020
Procedural ruling 23 Oct 2020 Deficiencies eliminated
14 Oct 2020
PDF
Ä 10059417 / M5
20 Sep 2020
Ruling to eliminate deficiencies 10 Oct 2020 Deficiencies eliminated
14 Oct 2020
PDF
Ä 10059417 / M4
5 Sep 2020
Ruling to eliminate deficiencies 25 Sep 2020 Deficiencies eliminated
15 Oct 2020
PDF
Ä 10059417 / M3
12 Mar 2020
Ruling to correct data outside an entry 11 Apr 2020 Deficiencies eliminated
12 Mar 2020
PDF
Ä 10059417 / M2
2 Jan 2020
Ruling to eliminate deficiencies 17 Jan 2020 Deficiencies eliminated
3 Jan 2020
PDF
Ä 10059417 / 17
28 Oct 2019
Amendment under Commercial Code § 525 (2) In force
28 Oct 2019
PDF
Ä 10059417 / 16
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10059417 / 15
8 Nov 2017
Amendment entry In force
8 Nov 2017
PDF
Ä 10059417 / 14
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10059417 / 13
15 Sep 2016
Amendment entry In force
15 Sep 2016
PDF
Ä 10059417 / 12
5 Sep 2012
Amendment entry In force
5 Sep 2012
PDF
Ä 10059417 / 11
6 Jul 2011
Amendment entry In force
6 Jul 2011
PDF
Ä 59417 / 10
3 Dec 2008
Deletion of activities from the registry card In force
3 Dec 2008
PDF
Ä 59417 / 9
18 Aug 2008
Amendment entry In force
18 Aug 2008
PDF
Ä 59417 / 8
24 Sep 2007
Amendment entry In force
25 Sep 2007
PDF
Ä 59417 / 7
9 Jun 2005
Amendment entry In force PDF
Ä 59417 / 6
30 May 2005
Amendment entry In force PDF
Ä 59417 / 5
10 Mar 2005
Amendment entry In force PDF
Ä 59417 / 4
3 Jun 2003
Amendment entry In force PDF
Ä 59417 / M1
6 Mar 2003
Ruling to be served In force PDF
Ä 59417 / 3
16 Dec 2002
Unpublished amendment entry In force PDF
Ä 59417 / 2
28 Mar 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