Baltnet Communications OÜ

Active Registry code 11023228 OÜ Tallinn Registered 26 Mar 2004

Baltnet Communications OÜ is a OÜ based in Tallinn, registry code 11023228, status: active. Main activity: Other engineering-technical activities. According to EMTA, turnover for Q3 2026 was €18 819 with 1 employees.

Turnover

18 819 €

↓ 2.7% vs Q2 2026

State taxes

9 580 €

↑ 5.8% vs Q2 2026

Labour taxes

4 957 €

↓ 0.1% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Architectural and engineering activities; technical testing and analysis · EMTAK 71

Turnover · Q3 2026 18 819 €

above 54% of companies

industry median 16 250 € · companies in the industry: 2 781
Labour taxes per employee 4 957 €

above 92% of companies

industry median 1 751 € · companies in the industry: 1 910
Revenue · 2025 72 365 €

above 73% of companies

industry median 23 548 € · companies in the industry: 4 824
Net profit margin · 2025 21.7 %

above 57% of companies

industry median 15.1 % · companies in the industry: 3 876

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € Q3 2026: 18 819 € · −2.7% vs Q2 2026 · industry median 16 250 € · above 54% of the industry

Company
Industry median

Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 4 957 € · −0.1% vs Q2 2026 · industry median 1 751 € · above 92% of the industry

Company
Industry median

Industry: Architectural and engineering activities; technical testing and analysis (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: 9 580 € · +5.8% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	18 819	9 580	4 957	1
Q2 2026	19 340	9 055	4 960	1
Q1 2026	20 574	9 816	5 060	1
Q4 2025	18 974	9 394	5 290	1
Q3 2025	19 474	9 794	4 800	1
Q2 2025	18 619	8 385	4 697	1
Q1 2025	19 732	8 330	3 641	1
Q4 2024	13 157	6 230	3 678	1
Q3 2024	30 401	10 648	3 729	1
Q2 2024	22 431	5 137	2 155	1
Q1 2024	7 246	1 263	—	—
Q4 2023	5 625	464	—	—
Q3 2023	4 617	177	—	—
Q2 2023	2 888	288	—	—
Q1 2023	23 307	4 509	—	—
Q4 2022	3 426	301	—	—
Q3 2022	2 455	184	—	—
Q2 2022	6 170	167	—	1
Q1 2022	2 517	189	—	1

Labour taxes per employee per month

1 652 €

Turnover per employee in the quarter

18 819 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € 2025: 72 365 € · +3.0% vs 2024 · industry median 23 548 € · above 73% of the industry

Company
Industry median

Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 15 702 € · −31.7% vs 2024 · industry median 1 536 € · above 75% of the industry

Company
Industry median

Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 21.7 % · −11.0 pp vs the year before · industry median 15.1 % · above 57% of the industry

Company
Industry median

Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 104 900 € · +12.4% vs 2024

Equity, € 2025: 96 956 € · +11.4% vs 2024

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

Company
Industry median

Industry: Architectural and engineering activities; technical testing and analysis (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	72 365	15 702	43 943	104 900	96 956	1
2024	70 235	22 973	27 962	93 305	86 997	1
2023	27 405	16 975	—	70 978	70 024	0
2022	21 153	6 534	0	71 391	53 049	0
2021	18 723	15 054	90	46 685	46 515	1
2020	11 261	2 098	343	31 695	31 461	1
2019	6 763	4 156	80	29 682	29 363	0
2018	—	—	—	—	—	0
2017	—	—	—	—	—	0
2016	—	—	—	—	—	0
2015	—	—	—	—	—	0
2014	—	—	—	—	—	0
2013	—	—	—	—	—	0
2012	—	—	—	—	—	0
2011	—	—	—	—	—	0
2010	—	—	—	—	—	0
2009	—	—	—	—	—	0
2004	—	—	—	—	—	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

21.4 %

Net profit / revenue

Return on equity (ROE)

16.2 %

Net profit / equity

Return on assets (ROA)

15.0 %

Net profit / assets

Equity ratio

92.4 %

Equity / assets

Debt ratio

7.6 %

Liabilities / assets

Current ratio

4.30

Current assets / current liabilities

Revenue per employee

73 422 €

Revenue / average full-time employees

Labour cost per employee per month

3 662 €

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	26 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	23 Feb 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	28 May 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	1 Jul 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	22 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	28 Oct 2020	Company’s own	e-Äriregister

Board

Ivari Horm
Board member · since 22 Apr 2004

Right of representation

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

Owners

Ivari Horm
Natural person · 2 555 €

100%

Owner in

Baltnet Investments OÜ
100%

Beneficial owners

Ivari Horm
Direct ownership · since 4 Sep 2018

Founders and other persons

OÜ Altius Consult
Founder · 40 000 € · 26 Mar 2004

shared board members, owners or beneficial owners

Activities (EMTAK)

71129Other engineering-technical activities Main
62101Computer programming activities
70201Business and other management consultancy activities

Rulings 14

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10078750 / 11 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10078750 / 10 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10078750 / 9 8 Nov 2017	Amendment entry		In force 8 Nov 2017	PDF
Ä 10078750 / 8 14 Sep 2016	Amendment entry		In force 14 Sep 2016	PDF
Ä 10078750 / 7 5 Jan 2012	Amendment under Commercial Code § 525 (2)		In force 5 Jan 2012	PDF
Ä 10078750 / 6 13 Dec 2011	Amendment entry		In force 13 Dec 2011	PDF
Ä 10078750 / 5 26 May 2011	Amendment under Commercial Code § 525 (2)		In force 26 May 2011	PDF
Ä 78750 / 4 1 Jul 2008	Deletion of activities from the registry card		In force 1 Jul 2008	PDF
Ä 78750 / 3 1 Apr 2008	Amendment entry		In force 1 Apr 2008	PDF
Ä 78750 / M3 3 Oct 2006	Fine for not filing the report	10 Nov 2006	Deficiencies eliminated 19 Oct 2006	PDF
Ä 78750 / M2 29 Sep 2006	Fine for not filing the report	13 Nov 2006	Deficiencies eliminated 27 Oct 2006	PDF
Ä 78750 / M1 31 Oct 2005	Fine for not filing the report		In force	PDF
Ä 78750 / 2 21 Apr 2004	Amendment entry		In force	PDF
Ä 78750 25 Mar 2004	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

Baltnet Communications OÜ

Position in the industry Architectural and engineering activities; technical testing and analysis · EMTAK 71

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 14