Icelandair Business Services AS
Active Registry code 10866060
AS Tallinn Registered 15 May 2002
Icelandair Business Services AS is a AS based in Tallinn, registry code 10866060, status: active. Main activity: Bookkeeping, tax consulting. According to EMTA, turnover for Q3 2026 was €847 378 with 57 employees.
Turnover
847 378 €
↑ 0.6% vs Q2 2026
State taxes
251 809 €
↑ 13.2% vs Q2 2026
Labour taxes
267 675 €
↑ 13.8% vs Q2 2026
Employees
57
−2 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 847 378 €above 98% of companiesindustry median 9 740 € · companies in the industry: 3 327
- Labour taxes per employee 4 696 €above 98% of companiesindustry median 1 122 € · companies in the industry: 3 120
- Revenue · 2025 2.6 mn €above 98% of companiesindustry median 12 784 € · companies in the industry: 8 416
- Net profit margin · 2025 -0.7 %above 20% of companiesindustry median 14.8 % · companies in the industry: 6 880
Taxes and turnover
- Company
- Industry median
Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Legal and accounting activities (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 | 847 378 | 251 809 | 267 675 | 57 |
| Q2 2026 | 842 703 | 222 382 | 235 241 | 59 |
| Q1 2026 | 748 308 | 214 002 | 224 297 | 60 |
| Q4 2025 | 660 060 | 218 528 | 231 648 | 57 |
| Q3 2025 | 671 062 | 211 546 | 224 461 | 57 |
| Q2 2025 | 629 467 | 202 748 | 211 759 | 57 |
| Q1 2025 | 599 450 | 200 346 | 207 820 | 52 |
| Q4 2024 | 600 219 | 204 718 | 196 126 | 52 |
| Q3 2024 | 593 433 | 179 698 | 188 685 | 53 |
| Q2 2024 | 553 512 | 169 194 | 177 922 | 52 |
| Q1 2024 | 560 727 | 169 748 | 175 602 | 51 |
| Q4 2023 | 545 421 | 194 534 | 179 239 | 51 |
| Q3 2023 | 575 584 | 170 529 | 180 890 | 52 |
| Q2 2023 | 584 707 | 155 461 | 164 950 | 55 |
| Q1 2023 | 566 997 | 172 733 | 183 255 | 50 |
| Q4 2022 | 563 754 | 139 057 | 146 110 | 53 |
| Q3 2022 | 538 636 | 170 185 | 145 430 | 50 |
| Q2 2022 | 488 647 | 121 628 | 129 021 | 50 |
| Q1 2022 | 427 948 | 105 927 | 113 054 | 45 |
Labour taxes per employee per month
1 565 €
Turnover per employee in the quarter
14 866 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Legal and accounting activities (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 | 2 565 182 | -17 052 | 2 152 432 | 760 625 | 184 624 | 54 |
| 2024 | 2 301 768 | -46 520 | 1 913 623 | 818 287 | 201 676 | 50 |
| 2023 | 2 212 608 | 34 498 | 1 728 223 | 1 071 141 | 351 396 | 50 |
| 2022 | 2 058 947 | 141 696 | 1 495 596 | 887 328 | 437 298 | 45 |
| 2021 | 1 712 429 | 136 831 | 1 234 065 | 940 209 | 488 904 | 44 |
| 2020 | 1 670 785 | 66 221 | 1 315 553 | 966 896 | 352 073 | 47 |
| 2019 | 1 936 012 | 176 170 | 1 267 735 | 662 644 | 458 900 | 50 |
| 2018 | — | — | — | — | — | 48 |
| 2017 | — | — | — | — | — | 45 |
| 2016 | — | — | — | — | — | 45 |
| 2015 | — | — | — | — | — | 47 |
| 2014 | — | — | — | — | — | 48 |
| 2013 | — | — | — | — | — | 53 |
| 2012 | — | — | — | — | — | 52 |
| 2011 | — | — | — | — | — | 52 |
| 2010 | — | — | — | — | — | 53 |
| 2009 | — | — | — | — | — | 40 |
| 2008 | — | — | — | — | — | 38 |
| 2007 | — | — | — | — | — | 42 |
| 2006 | — | — | — | — | — | 36 |
| 2005 | — | — | — | — | — | 39 |
| 2004 | — | — | — | — | — | 41 |
| 2003 | — | — | — | — | — | 37 |
| 2002 | — | — | — | — | — | 36 |
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
-0.7 %
Net profit / revenue
Return on equity (ROE)
-9.2 %
Net profit / equity
Return on assets (ROA)
-2.2 %
Net profit / assets
Equity ratio
24.3 %
Equity / assets
Debt ratio
75.7 %
Liabilities / assets
Current ratio
0.80
Current assets / current liabilities
Revenue per employee
47 503 €
Revenue / average full-time employees
Labour cost per employee per month
3 322 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 11 Feb 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 10 Feb 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 13 Feb 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 8 Feb 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 9 Feb 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 8 Feb 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 19 Feb 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Brynjar Már KarlssonBoard member · since 4 May 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
- Matthew Dean EvansMember of a senior management body (management or supervisory board) · ISL · since 31 Jan 2022
- John FranklinMember of a senior management body (management or supervisory board) · ISL · since 8 Feb 2021
- Jonina Osk JonssonMember of a senior management body (management or supervisory board) · ISL · since 8 Feb 2021
- Svafa GrönfeldtMember of a senior management body (management or supervisory board) · ISL · since 19 Feb 2020
- Gudmundur HafsteinssonMember of a senior management body (management or supervisory board) · ISL · since 17 Oct 2018
Founders and other persons
- MAERSK AIR A/SFounder · 400 000 € · 15 May 2002
- Audiitorbüroo Rostok & Kärt OÜAudit firm · 12 Jan 2026
- Ívar Sigurður KristinssonChairman of the supervisory board · 2 Jun 2022
- María SólbergsdóttirSupervisory board member · 28 Oct 2025
- Víðir Álfgeir SigurðarsonSupervisory board member · 28 Oct 2025
- Omanikukonto: ICELANDAIR EHF.Shareholder · 25 564 € · 16 Aug 2023
Activities (EMTAK)
- 69202Bookkeeping, tax consulting Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10065370 / 17 4 May 2026 |
Amendment entry | In force 4 May 2026 |
||
| Ä 10065370 / 16 18 Feb 2026 |
Amendment entry | In force 18 Feb 2026 |
||
| Ä 10065370 / M7 29 Jan 2026 |
Ruling to eliminate deficiencies | 28 Feb 2026 | Deficiencies eliminated 18 Feb 2026 |
|
| Ä 10065370 / M6 13 Jan 2026 |
Ruling to eliminate deficiencies | 12 Feb 2026 | Deficiencies eliminated 18 Feb 2026 |
|
| Ä 10065370 / 15 18 Jun 2019 |
Amendment entry | In force 18 Jun 2019 |
||
| Ä 10065370 / M5 29 Apr 2019 |
Procedural ruling | In force 29 Apr 2019 |
||
| Ä 10065370 / M4 9 Apr 2019 |
Ruling to correct data outside an entry | 24 Apr 2019 | In force 9 Apr 2019 |
|
| Ä 10065370 / M3 3 Apr 2019 |
Ruling to correct data outside an entry | 18 Apr 2019 | In force 3 Apr 2019 |
|
| Ä 10065370 / 14 5 Jul 2018 |
Amendment entry | In force 5 Jul 2018 |
||
| Ä 10065370 / 13 5 Apr 2018 |
Amendment entry | In force 5 Apr 2018 |
||
| Ä 10065370 / 12 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10065370 / 11 8 Nov 2017 |
Amendment entry | In force 8 Nov 2017 |
||
| Ä 10065370 / 10 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10065370 / 9 16 Sep 2016 |
Amendment entry | In force 16 Sep 2016 |
||
| Ä 10065370 / M2 24 Jan 2013 |
Ruling to correct data outside an entry | 24 Feb 2013 | Deficiencies eliminated 24 Jan 2013 |
|
| Ä 10065370 / 8 28 Apr 2011 |
Amendment entry | In force 28 Apr 2011 |
||
| Ä 65370 / 7 3 Dec 2008 |
Deletion of activities from the registry card | In force 3 Dec 2008 |
||
| Ä 65370 / 6 26 Oct 2007 |
Amendment entry | In force 26 Oct 2007 |
||
| K 70544 / 3 31 Jan 2006 |
Commercial pledge deleted | In force 31 Jan 2006 |
||
| Ä 65370 / 5 16 Dec 2005 |
Amendment entry | In force | ||
| K 70544 / 2 16 Dec 2005 |
Compliance with Commercial Code § 33 (7.1) | In force | ||
| Ä 65370 / M1 6 Jul 2004 |
Refund of the state fee | In force | ||
| Ä 65370 / 4 30 Jun 2004 |
Amendment entry | In force | ||
| Ä 65370 / 3 15 Jan 2004 |
Amendment entry | In force | ||
| K 70544 12 Feb 2003 |
Commercial pledge entered | In force | ||
| Ä 65370 / 2 9 Aug 2002 |
Published amendment entry | In force | ||
| Ä 65370 15 May 2002 |
First entry | In force |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data