Osaühing Panaflex

Active Registry code 10966413 OÜ Tallinn Registered 15 Sep 2003

Osaühing Panaflex is a OÜ based in Tallinn, registry code 10966413, status: active. Main activity: Activities of advertising agencies. Its annual report for 2025 shows revenue of €25 820 and 1 employees.

Turnover

—

State taxes

1 973 €

↑ 0.0% vs Q2 2026

Labour taxes

2 171 €

↑ 0.0% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Activities of advertising, market research and public relations · EMTAK 73

Labour taxes per employee 2 171 €

above 65% of companies

industry median 1 523 € · companies in the industry: 1 026
Revenue · 2025 25 820 €

above 59% of companies

industry median 14 652 € · companies in the industry: 3 983
Net profit margin · 2025 2.5 %

above 39% of companies

industry median 8.6 % · companies in the industry: 3 053

Taxes and turnover

Q4 2023 – Q3 2026

Labour taxes per employee, € Q3 2026: 2 171 € · +0.0% vs Q2 2026 · industry median 1 523 € · above 65% of the industry

Company
Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 1 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 1 973 € · +0.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	—	1 973	2 171	1
Q2 2026	—	1 973	2 171	1
Q1 2026	—	2 034	2 232	1
Q4 2025	—	2 156	2 354	1
Q3 2025	—	2 156	2 354	1
Q2 2025	—	2 156	2 354	1
Q1 2025	—	2 141	2 339	1
Q4 2024	—	2 110	2 309	1
Q3 2024	—	2 110	2 309	1
Q2 2024	—	1 865	2 048	1
Q1 2024	—	1 440	1 589	1
Q4 2023	—	1 700	1 849	1
Q3 2023	—	1 764	1 913	1
Q2 2023	—	993	1 085	1
Q1 2023	—	—	—	1
Q1 2022	—	133	133	—

Labour taxes per employee per month

724 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € 2025: 25 820 € · +4.7% vs 2024 · industry median 14 652 € · above 59% of the industry

Company
Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 648 € · +315.4% vs 2024 · industry median 382 € · above 52% of the industry

Company
Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 2.5 % · +1.9 pp vs the year before · industry median 8.6 % · above 39% of the industry

Company
Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € 2025: 6 806 € · +10.8% vs 2024

Equity, € 2025: 6 021 € · +12.1% vs 2024

Employees 2025: 1 · +0.0% vs 2024 · industry median 1 · above 5% of the industry

Company
Industry median

Industry: Activities of advertising, market research and public relations (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	25 820	648	24 117	6 806	6 021	1
2024	24 670	156	22 703	6 143	5 373	1
2023	17 040	100	13 530	6 790	6 790	1
2022	1 320	-67	0	5 117	5 117	0
2021	1 310	-4 958	333	6 412	5 184	1
2020	1 020	-1 233	830	10 472	10 142	1
2019	1 073	-176	0	12 128	11 375	0
2018	—	—	—	—	—	0
2017	—	—	—	—	—	0
2016	—	—	—	—	—	0
2015	—	—	—	—	—	0
2014	—	—	—	—	—	0
2013	—	—	—	—	—	0
2012	—	—	—	—	—	0
2011	—	—	—	—	—	1
2010	—	—	—	—	—	0
2009	—	—	—	—	—	1
2008	—	—	—	—	—	0
2007	—	—	—	—	—	0
2006	—	—	—	—	—	0

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

2.5 %

Net profit / revenue

Return on equity (ROE)

10.8 %

Net profit / equity

Return on assets (ROA)

9.5 %

Net profit / assets

Equity ratio

88.5 %

Equity / assets

Debt ratio

11.5 %

Liabilities / assets

Current ratio

8.67

Current assets / current liabilities

Revenue per employee

25 820 €

Revenue / average full-time employees

Labour cost per employee per month

2 010 €

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	7 Apr 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	29 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	25 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	2 May 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	11 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	9 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	30 Jun 2020	Company’s own	e-Äriregister

Board

Merike Becker
Board member · since 10 Mar 2004

Right of representation

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

Owners

Merike Becker
Natural person · 2 556 €

100%

Beneficial owners

Merike Becker
Direct ownership · since 6 Sep 2018

Founders and other persons

AS Larssen Capital
Founder · 40 000 € · 15 Sep 2003

shared board members, owners or beneficial owners

Activities (EMTAK)

73111Activities of advertising agencies Main
69202Bookkeeping, tax consulting

Rulings 10

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 10074452 / 9 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 10074452 / 8 17 Jan 2018	Amendment entry	In force 17 Jan 2018	PDF
Ä 10074452 / 7 8 Nov 2017	Amendment entry	In force 8 Nov 2017	PDF
Ä 10074452 / 6 8 Sep 2016	Amendment entry	In force 8 Sep 2016	PDF
Ä 10074452 / 5 8 Apr 2011	Amendment entry	In force 8 Apr 2011	PDF
Ä 10074452 / M1 5 Apr 2011	Ruling to eliminate deficiencies	In force 5 Apr 2011	PDF
Ä 74452 / 4 3 Dec 2008	Deletion of activities from the registry card	In force 16 Dec 2008	PDF
Ä 74452 / 3 17 Aug 2005	Amendment entry	In force	PDF
Ä 74452 / 2 10 Mar 2004	Amendment entry	In force	PDF
Ä 74452 15 Sep 2003	First entry	In force	PDF

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

Osaühing Panaflex

Position in the industry Activities of advertising, market research and public relations · EMTAK 73

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 10