Volvo Estonia OÜ

Active Registry code 10918874 OÜ Lehmja küla Registered 2 Jan 2003

Volvo Estonia OÜ is a OÜ based in Lehmja küla, registry code 10918874, status: active. Main activity: Wholesale of motor vehicles. According to EMTA, turnover for Q3 2026 was €13 611 862 with 78 employees.

Turnover

13 611 862 €

↓ 30.3% vs Q2 2026

State taxes

2 214 471 €

↓ 1.6% vs Q2 2026

Labour taxes

411 140 €

↓ 2.1% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

Turnover · Q3 2026 13.6 mn €

above 98% of companies

industry median 60 065 € · companies in the industry: 6 941
Labour taxes per employee 5 271 €

above 87% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2025 40.9 mn €

above 98% of companies

industry median 63 691 € · companies in the industry: 10 038
Net profit margin · 2025 1.3 %

above 42% of companies

industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 13 611 862 € · −30.3% vs Q2 2026 · industry median 60 065 € · above 98% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 5 271 € · −2.1% vs Q2 2026 · industry median 2 104 € · above 87% of the industry

Company
Industry median

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

Employees Q3 2026: 78 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 2 214 471 € · −1.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	13 611 862	2 214 471	411 140	78
Q2 2026	19 535 932	2 249 801	419 942	78
Q1 2026	18 819 432	2 806 972	380 977	77
Q4 2025	15 438 656	2 217 423	437 040	75
Q3 2025	18 139 927	2 319 743	440 079	80
Q2 2025	17 876 135	2 270 247	446 701	80
Q1 2025	17 253 094	2 467 108	404 132	82
Q4 2024	16 441 099	1 944 896	368 400	83
Q3 2024	14 279 336	1 809 719	415 059	80
Q2 2024	19 783 892	2 541 885	439 197	83
Q1 2024	14 910 721	2 332 940	435 539	84
Q4 2023	22 008 385	2 466 055	425 792	88
Q3 2023	23 692 946	2 484 918	448 288	89
Q2 2023	21 800 645	2 475 224	493 602	93
Q1 2023	27 134 503	3 521 086	442 847	96
Q4 2022	28 025 566	2 961 582	428 002	92
Q3 2022	17 491 533	1 997 510	469 586	90
Q2 2022	26 396 785	2 907 992	494 224	91
Q1 2022	20 786 605	2 275 739	448 449	97

Labour taxes per employee per month

1 757 €

Turnover per employee in the quarter

174 511 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 40 878 392 € · +3.1% vs 2024 · industry median 63 691 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 534 853 € · −53.6% vs 2024 · industry median 127 € · above 98% of the industry

Company
Industry median

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

Net profit margin, % 2025: 1.3 % · −1.6 pp vs the year before · industry median 2.7 % · above 42% of the industry

Company
Industry median

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

Assets, € thousand 2025: 19 829 206 € · −4.6% vs 2024

Equity, € thousand 2025: 5 831 144 € · −17.2% vs 2024

Employees 2025: 80 · −1.2% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Wholesale 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	40 878 392	534 853	4 045 323	19 829 206	5 831 144	80
2024	39 634 971	1 153 218	3 749 024	20 774 809	7 041 291	81
2023	54 524 434	1 003 900	4 152 649	21 904 578	8 548 710	92
2022	56 820 144	994 355	4 205 579	25 411 794	10 044 810	90
2021	34 304 363	932 595	3 875 621	27 953 652	11 550 455	93
2020	37 834 640	854 847	3 674 340	21 239 117	10 617 861	100
2019	50 385 184	779 154	4 290 744	23 421 422	10 433 013	112
2018	—	—	—	—	—	94
2017	—	—	—	—	—	92
2016	—	—	—	—	—	88
2015	—	—	—	—	—	87
2014	—	—	—	—	—	81
2013	—	—	—	—	—	75
2012	—	—	—	—	—	61
2011	—	—	—	—	—	56
2010	—	—	—	—	—	56
2009	—	—	—	—	—	59
2008	—	—	—	—	—	56
2007	—	—	—	—	—	57
2006	—	—	—	—	—	53
2005	—	—	—	—	—	56
2004	—	—	—	—	—	17
2003	—	—	—	—	—	8

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

1.3 %

Net profit / revenue

Return on equity (ROE)

9.2 %

Net profit / equity

Return on assets (ROA)

2.7 %

Net profit / assets

Equity ratio

29.4 %

Equity / assets

Debt ratio

70.6 %

Liabilities / assets

Current ratio

0.80

Current assets / current liabilities

Revenue per employee

510 980 €

Revenue / average full-time employees

Labour cost per employee per month

4 214 €

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 Aug 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	25 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	29 Aug 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	19 Sep 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	9 Dec 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	25 Apr 2022	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	8 Jun 2021	Company’s own · audited	e-Äriregister

Board

Robert Grozdanovski
Board member · since 3 Dec 2020
Lisa Johanna Bigsten
Board member · since 23 Jul 2024
Arturs Danfelds
Procurator · since 26 Oct 2022
Triin Hartikainen
Procurator · since 23 Jul 2024
Karin Ingrid Kristina Johansson
Procurator · since 15 Oct 2025

Right of representation

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

Any procurator may represent the private limited company in all legal acts related to its business. A procurator may transfer or encumber immovable property only if that right is entered on the registry card.

Owners

Volvo Business Services International AB
Legal person · 322 115 €

100%

Owner in

VGFS Financial Services Estonia OÜ
100%

Beneficial owners

Mats Harry Backman
Member of a senior management body (management or supervisory board) · SWE · since 8 Dec 2023

Founders and other persons

Volvo Holding Sverige Aktiebolag
Founder · 40 000 € · 10 Dec 2002
Aktsiaselts PricewaterhouseCoopers
Audit firm · 5 Jul 2010
Aktsiaselts PricewaterhouseCoopers
Audit firm · 4 Jul 2011
Aktsiaselts PricewaterhouseCoopers
Audit firm · 28 Jun 2012
Aktsiaselts Deloitte Audit Eesti
Audit firm · 3 Oct 2022

shared board members, owners or beneficial owners

Activities (EMTAK)

46711Wholesale of motor vehicles Main
46721Wholesale of motor vehicle parts and accessories
95311Repair and maintenance of motor vehicles

Rulings 37

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10069778 / M11 30 Jul 2026	Ruling to eliminate deficiencies in the annual report	29 Aug 2026	Deficiencies eliminated 18 Aug 2026	PDF
Ä 10069778 / M10 28 Jul 2026	Ruling to eliminate deficiencies in the annual report	27 Aug 2026	Deficiencies eliminated 18 Aug 2026	PDF
Ä 10069778 / 26 15 Oct 2025	Amendment entry		In force 15 Oct 2025	PDF
Ä 10069778 / 25 5 Mar 2025	Amendment entry		In force 5 Mar 2025	PDF
Ä 10069778 / 24 23 Jul 2024	Amendment entry		In force 23 Jul 2024	PDF
Ä 10069778 / M9 6 Jul 2024	Warning of a fine: annual report not filed	5 Aug 2024	Deficiencies eliminated 1 Nov 2024	PDF
Ä 10069778 / M8 1 Sep 2023	Warning of a fine: annual report not filed	1 Oct 2023	Deficiencies eliminated 20 Sep 2023	PDF
Ä 10069778 / 23 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10069778 / 22 26 Oct 2022	Amendment entry		In force 26 Oct 2022	PDF
Ä 10069778 / 21 21 Jul 2022	Amendment entry		In force 21 Jul 2022	PDF
Ä 10069778 / 20 24 Sep 2021	Amendment entry		In force 24 Sep 2021	PDF
Ä 10069778 / 19 6 May 2021	Amendment entry		In force 6 May 2021	PDF
Ä 10069778 / M7 20 Apr 2021	Warning of a fine: annual report not filed	20 May 2021	Deficiencies eliminated 8 Jun 2021	PDF
Ä 10069778 / 18 3 Dec 2020	Amendment entry		In force 3 Dec 2020	PDF
Ä 10069778 / M6 27 Nov 2020	Ruling to eliminate deficiencies	11 Dec 2020	Deficiencies eliminated 3 Dec 2020	PDF
Ä 10069778 / 17 1 Apr 2020	Amendment entry		In force 1 Apr 2020	PDF
Ä 10069778 / 16 16 Mar 2020	Amendment entry		In force 16 Mar 2020	PDF
Ä 10069778 / 15 15 Aug 2018	Amendment entry		In force 15 Aug 2018	PDF
Ä 10069778 / 14 10 Jul 2018	Amendment entry		In force 10 Jul 2018	PDF
Ä 10069778 / 13 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10069778 / 12 17 Nov 2017	Amendment entry		In force 17 Nov 2017	PDF
Ä 10069778 / 11 8 Nov 2017	Amendment entry		In force 8 Nov 2017	PDF
Ä 10069778 / 10 5 Feb 2016	Amendment entry		In force 5 Feb 2016	PDF
Ä 10069778 / M5 2 Feb 2016	Procedural ruling	17 Feb 2016	Deficiencies eliminated 4 Feb 2016	PDF
Ä 10069778 / 9 5 Jul 2011	Amendment entry		In force 5 Jul 2011	PDF
Ä 69778 / 8 9 Apr 2009	Amendment entry		In force 9 Apr 2009	PDF
Ä 69778 / 7 3 Dec 2008	Deletion of activities from the registry card		In force 3 Dec 2008	PDF
Ä 69778 / M4 14 Aug 2007	Refund of the state fee		In force 14 Aug 2007	PDF
Ä 69778 / 6 14 Aug 2007	Amendment entry		In force 15 Aug 2007	PDF
Ä 69778 / M3 10 Aug 2007	Ruling to eliminate deficiencies (to be served)	28 Sep 2007	Deficiencies eliminated 14 Aug 2007	PDF
Ä 69778 / M2 21 Sep 2006	Fine for not filing the report	23 Oct 2006	In force 12 Oct 2006	PDF
Ä 69778 / M1 21 Sep 2006	Fine for not filing the report	27 Oct 2006	In force 11 Oct 2006	PDF
Ä 69778 / 5 13 Jul 2006	Amendment entry		In force 13 Jul 2006	PDF
Ä 69778 / 4 26 Apr 2005	Amendment entry		In force	PDF
Ä 69778 / 3 24 Nov 2004	Amendment entry		In force	PDF
Ä 69778 / 2 14 Oct 2004	Amendment entry		In force	PDF
Ä 69778 2 Jan 2003	First entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

Volvo Estonia OÜ

Position in the industry Wholesale trade · EMTAK 46

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 37