Baltic Horizon Capital AS
Active Registry code 11025345
AS Tallinn Registered 7 Apr 2004
Baltic Horizon Capital AS is a AS based in Tallinn, registry code 11025345, status: active. Main activity: Fund management activities. According to EMTA, turnover for Q3 2026 was €10 240 with 2 employees.
Turnover
10 240 €
↓ 16.8% vs Q2 2026
State taxes
16 420 €
↓ 80.5% vs Q2 2026
Labour taxes
15 715 €
↓ 82.1% vs Q2 2026
Employees
2
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 10 240 €above 43% of companiesindustry median 13 814 € · companies in the industry: 339
- Labour taxes per employee 7 858 €above 82% of companiesindustry median 2 338 € · companies in the industry: 272
- Revenue · 2025 1.1 mn €above 98% of companiesindustry median 3 200 € · companies in the industry: 1 215
- Net profit margin · 2025 -245.4 %above 2% of companiesindustry median 23.7 % · companies in the industry: 667
Taxes and turnover
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance 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 | 10 240 | 16 420 | 15 715 | 2 |
| Q2 2026 | 12 306 | 84 342 | 87 738 | 2 |
| Q1 2026 | 67 978 | 44 704 | 30 952 | 3 |
| Q4 2025 | 70 055 | 40 172 | 24 877 | 3 |
| Q3 2025 | 93 621 | 70 906 | 21 430 | 2 |
| Q2 2025 | 75 241 | 36 273 | 20 850 | 2 |
| Q1 2025 | 85 113 | 38 353 | 20 742 | 2 |
| Q4 2024 | 46 056 | 29 312 | 20 383 | 2 |
| Q3 2024 | 70 248 | 35 148 | 20 703 | 2 |
| Q2 2024 | 45 980 | 97 076 | 20 808 | 2 |
| Q1 2024 | 83 037 | 82 803 | 19 711 | 2 |
| Q4 2023 | 76 647 | 34 241 | 19 648 | 2 |
| Q3 2023 | 64 472 | 32 243 | 20 275 | 2 |
| Q2 2023 | 60 834 | 49 574 | 22 265 | 2 |
| Q1 2023 | 190 081 | 59 365 | 21 272 | 2 |
| Q4 2022 | 193 854 | 56 833 | 19 240 | 2 |
| Q3 2022 | 78 950 | 106 942 | 27 133 | 2 |
| Q2 2022 | 91 174 | 114 485 | 31 512 | 2 |
| Q1 2022 | 43 954 | 36 630 | 28 562 | 2 |
Labour taxes per employee per month
2 619 €
Turnover per employee in the quarter
5 120 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance 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 | 1 093 649 | -2 683 325 | 262 253 | 706 225 | 614 713 | 7 |
| 2024 | 1 286 317 | 83 794 | 255 735 | 3 617 748 | 3 398 038 | 2 |
| 2023 | 1 485 270 | 182 030 | 288 218 | 3 890 059 | 3 714 244 | 2 |
| 2022 | 1 583 970 | 41 603 | 282 964 | 4 353 095 | 3 932 214 | 2 |
| 2021 | 1 744 271 | 555 391 | 340 551 | 4 882 096 | 4 690 611 | 4 |
| 2020 | 1 735 877 | 702 378 | 416 350 | 5 211 307 | 4 935 220 | 5 |
| 2019 | 2 223 508 | 1 297 102 | 333 681 | 5 161 726 | 5 032 842 | 5 |
| 2018 | — | — | — | — | — | 3 |
| 2017 | — | — | — | — | — | 3 |
| 2016 | — | — | — | — | — | 3 |
| 2015 | — | — | — | — | — | 1 |
| 2014 | — | — | — | — | — | 1 |
| 2013 | — | — | — | — | — | 1 |
| 2012 | — | — | — | — | — | 1 |
| 2011 | — | — | — | — | — | 13 |
| 2009 | — | — | — | — | — | 12 |
| 2008 | — | — | — | — | — | 12 |
| 2007 | — | — | — | — | — | 12 |
| 2006 | — | — | — | — | — | 8 |
| 2005 | — | — | — | — | — | 9 |
| 2004 | — | — | — | — | — | 5 |
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
-245.4 %
Net profit / revenue
Return on equity (ROE)
-436.5 %
Net profit / equity
Return on assets (ROA)
-380.0 %
Net profit / assets
Equity ratio
87.0 %
Equity / assets
Debt ratio
13.0 %
Liabilities / assets
Current ratio
7.66
Current assets / current liabilities
Revenue per employee
156 236 €
Revenue / average full-time employees
Labour cost per employee per month
3 122 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 23 Apr 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 24 Apr 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 25 Apr 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 28 Apr 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 29 Apr 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 30 Apr 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 30 Jun 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 17 Oct 2018
- Edvinas KarbauskasBoard member · since 9 Apr 2026
- Gerda BliuvienėBoard member · since 16 Apr 2026
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 100%
- 100%
- 100%
- 100%
Beneficial owners
- Antanas AnskaitisMember of a senior management body (management or supervisory board) · SGP · since 26 Nov 2025
- Antanas DanysMember of a senior management body (management or supervisory board) · SGP · since 26 Nov 2025
- Tomas MilašauskasMember of a senior management body (management or supervisory board) · SGP · since 26 Nov 2025
Founders and other persons
- Meelis LiivakFounder · 40 000 € · 7 Apr 2004
- Crowe DNW OÜAudit firm · 20 Apr 2026
- Antanas AnskaitisChairman of the supervisory board · 30 Oct 2025
- Antanas DanysSupervisory board member · 30 Oct 2025
- Tomas MilašauskasSupervisory board member · 30 Oct 2025
- Esindajakonto: SWEDBANK AB CLIENTSShareholder · 125 000 € · 30 Oct 2025
Related companies
Activities (EMTAK)
- 66301Fund management activities Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10079023 / 34 6 May 2026 |
Amendment under Code of Civil Procedure § 595¹ (1) | In force 6 May 2026 |
||
| Ä 10079023 / 33 4 May 2026 |
Amendment entry | In force 4 May 2026 |
||
| Ä 10079023 / 32 16 Apr 2026 |
Amendment entry | In force 16 Apr 2026 |
||
| Ä 10079023 / 31 9 Apr 2026 |
Amendment entry | In force 9 Apr 2026 |
||
| Ä 10079023 / M4 2 Apr 2026 |
Ruling to eliminate deficiencies | 3 May 2026 | Deficiencies eliminated 9 Apr 2026 |
|
| Ä 10079023 / 30 26 Mar 2026 |
Amendment entry | In force 26 Mar 2026 |
||
| Ä 10079023 / 29 19 Nov 2025 |
Amendment entry | In force 19 Nov 2025 |
||
| Ä 10079023 / M3 6 Nov 2025 |
Ruling to eliminate deficiencies | 22 Nov 2025 | Deficiencies eliminated 12 Nov 2025 |
|
| Ä 10079023 / 28 23 May 2025 |
Amendment entry | In force 23 May 2025 |
||
| Ä 10079023 / 27 26 Mar 2025 |
Amendment under Code of Civil Procedure § 595¹ (1) | In force 26 Mar 2025 |
||
| Ä 10079023 / 26 10 Dec 2024 |
Amendment entry | In force 10 Dec 2024 |
||
| Ä 10079023 / 25 19 Jan 2024 |
Amendment under Code of Civil Procedure § 595¹ (1) | In force 19 Jan 2024 |
||
| Ä 10079023 / 24 7 Feb 2023 |
Amendment entry | In force 7 Feb 2023 |
||
| Ä 10079023 / 23 30 Jul 2019 |
Amendment entry | In force 30 Jul 2019 |
||
| Ä 10079023 / 22 22 Mar 2019 |
Amendment entry | In force 22 Mar 2019 |
||
| Ä 10079023 / 21 1 Nov 2018 |
Amendment entry | In force 1 Nov 2018 |
||
| Ä 10079023 / 20 17 Oct 2018 |
Amendment entry | In force 17 Oct 2018 |
||
| Ä 10079023 / 19 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10079023 / 18 8 Nov 2017 |
Amendment entry | In force 8 Nov 2017 |
||
| Ä 10079023 / 17 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10079023 / 16 30 Jan 2017 |
Amendment under Commercial Code § 525 (2) | In force 30 Jan 2017 |
||
| Ä 10079023 / 15 20 Apr 2016 |
Amendment entry | In force 20 Apr 2016 |
||
| Ä 10079023 / 14 18 Apr 2016 |
Amendment entry | In force 18 Apr 2016 |
||
| Ä 10079023 / M2 4 Apr 2016 |
Procedural ruling | In force 4 Apr 2016 |
||
| Ä 10079023 / 13 19 Nov 2015 |
Amendment under Commercial Code § 525 (2) | In force 19 Nov 2015 |
||
| Ä 10079023 / 12 3 Jul 2014 |
Amendment entry | In force 3 Jul 2014 |
||
| Ä 10079023 / 11 7 Mar 2014 |
Amendment entry | In force 7 Mar 2014 |
||
| Ä 10079023 / 10 19 Dec 2013 |
Amendment entry | In force 19 Dec 2013 |
||
| Ä 10079023 / 9 11 Jan 2011 |
Amendment entry | In force 11 Jan 2011 |
||
| Ä 79023 / 8 10 Jul 2009 |
Transformation entry without a new registry card | In force 10 Jul 2009 |
||
| Ä 79023 / 7 25 Jun 2009 |
Note on registration of shares in the Estonian central register of securities | In force 25 Jun 2009 |
||
| Ä 79023 / 6 3 Dec 2008 |
Deletion of activities from the registry card | In force 18 Dec 2008 |
||
| Ä 79023 / 5 30 Oct 2007 |
Amendment entry | In force 30 Oct 2007 |
||
| Ä 79023 / 4 23 Oct 2006 |
Amendment entry | In force 23 Oct 2006 |
||
| Ä 79023 / 3 14 Sep 2005 |
Amendment entry | In force | ||
| Ä 79023 / M1 24 Jan 2005 |
Refund of the state fee | In force | ||
| Ä 79023 / 2 10 Jan 2005 |
Amendment entry | In force | ||
| Ä 79023 6 Apr 2004 |
First entry | In force |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data