PANAVIATIC AS

Active Registry code 11256731 AS Tallinn Registered 24 May 2006

PANAVIATIC AS is a AS based in Tallinn, registry code 11256731, status: active. Main activity: Passenger air transport. According to EMTA, turnover for Q3 2026 was €13 956 150 with 20 employees.

Turnover

13 956 150 €

↑ 476.1% vs Q2 2026

State taxes

105 046 €

↑ 18.3% vs Q2 2026

Labour taxes

112 682 €

↑ 17.8% vs Q2 2026

Employees

+1 vs Q2 2026

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

Position in the industry Air transport · EMTAK 51

Turnover · Q3 2026 14 mn €

above 95% of companies

industry median 34 626 € · companies in the industry: 35
Labour taxes per employee 5 634 €

above 80% of companies

industry median 3 583 € · companies in the industry: 16
Revenue · 2024 9.5 mn €

above 91% of companies

industry median 72 623 € · companies in the industry: 53
Net profit margin · 2024 -0.1 %

above 35% of companies

industry median 2.1 % · companies in the industry: 39

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 13 956 150 € · +476.1% vs Q2 2026 · industry median 34 626 € · above 95% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 5 634 € · +11.9% vs Q2 2026 · industry median 3 583 € · above 80% of the industry

Company
Industry median

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

Employees Q3 2026: 20 · +5.3% vs Q2 2026

State taxes, € thousand Q3 2026: 105 046 € · +18.3% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	13 956 150	105 046	112 682	20
Q2 2026	2 422 376	88 819	95 658	19
Q1 2026	2 207 577	103 927	103 454	19
Q4 2025	2 116 792	106 823	113 664	20
Q3 2025	3 778 880	111 339	118 337	21
Q2 2025	3 398 393	100 990	108 011	20
Q1 2025	2 858 897	94 012	99 978	19
Q4 2024	2 323 051	91 395	96 577	17
Q3 2024	3 389 478	90 470	95 800	16
Q2 2024	1 523 196	76 837	79 805	18
Q1 2024	1 621 658	80 812	84 406	18
Q4 2023	2 170 273	81 650	86 324	18
Q3 2023	3 065 143	80 342	84 272	19
Q2 2023	2 411 275	69 146	73 741	19
Q1 2023	1 522 976	78 723	83 337	20
Q4 2022	2 077 097	80 414	85 349	22
Q3 2022	4 300 023	83 558	87 925	22
Q2 2022	2 350 303	77 083	82 303	22
Q1 2022	3 564 650	72 417	79 591	23

Labour taxes per employee per month

1 878 €

Turnover per employee in the quarter

697 808 €

Q3 2026 · calculated from EMTA data

Financials by year

2015 – 2024

Revenue, € thousand 2024: 9 480 783 € · +3.1% vs 2023 · industry median 72 623 € · above 91% of the industry

Company
Industry median

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

Net profit, € thousand 2024: -6 556 € · −150.5% vs 2023 · industry median 126 € · above 29% of the industry

Company
Industry median

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

Net profit margin, % 2024: -0.1 % · −0.2 pp vs the year before · industry median 2.1 % · above 35% of the industry

Company
Industry median

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

Assets, € thousand 2024: 2 123 597 € · +29.2% vs 2023

Equity, € thousand 2024: 160 967 € · −3.9% vs 2023

Employees 2024: 18 · +0.0% vs 2023 · industry median 1 · above 76% of the industry

Company
Industry median

Industry: Air transport (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
2024	9 480 783	-6 556	852 909	2 123 597	160 967	18
2023	9 193 474	12 992	789 871	1 643 519	167 523	18
2022	10 997 329	-112 801	801 163	2 470 552	154 531	18
2021	18 562 718	6 360	607 159	3 907 724	267 332	18
2020	11 203 962	8 380	562 573	3 081 478	260 972	20
2019	11 045 785	5 608	879 455	2 988 186	252 592	21
2018	—	—	—	—	—	24
2017	—	—	—	—	—	30
2016	—	—	—	—	—	35
2015	—	—	—	—	—	42
2014	—	—	—	—	—	40
2013	—	—	—	—	—	39
2012	—	—	—	—	—	42
2011	—	—	—	—	—	37
2010	—	—	—	—	—	35
2009	—	—	—	—	—	20
2008	—	—	—	—	—	10

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2024

Net profit margin

-0.1 %

Net profit / revenue

Return on equity (ROE)

-4.1 %

Net profit / equity

Return on assets (ROA)

-0.3 %

Net profit / assets

Equity ratio

7.6 %

Equity / assets

Debt ratio

92.4 %

Liabilities / assets

Current ratio

1.07

Current assets / current liabilities

Revenue per employee

526 710 €

Revenue / average full-time employees

Labour cost per employee per month

3 949 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2024	1 Jan 2024 – 31 Dec 2024	9 Oct 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	30 Aug 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	17 Nov 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	16 Feb 2023	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	8 Jan 2023	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	14 Feb 2022	Company’s own · audited	e-Äriregister

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Sven Sulg
Board member · since 12 Feb 2019

Right of representation

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

Owners

No owner information.

Beneficial owners

Anna Žukova
Indirect ownership · since 4 Oct 2024
VLADIMIRS ČABANS
Indirect ownership · since 4 Oct 2024

Founders and other persons

Comdirect Consult OÜ
Founder · 40 000 € · 24 May 2006
Roland Kaurov
Audit firm · 8 May 2008
OÜ Audiitorbüroo RKT
Audit firm · 6 Jun 2012
Anna Žukova
Chairman of the supervisory board · 10 Nov 2020
Roland Kaurov
Auditor who valued a non-monetary contribution · 10 Feb 2011
Vladimirs Čabans
Supervisory board member · 18 Jan 2023
Maria Heath
Supervisory board member · 22 May 2025
Omanikukonto: Panaviatic Holding OÜ
Shareholder · 115 020 € · 24 Sep 2024

shared board members, owners or beneficial owners

Activities (EMTAK)

51101Passenger air transport Main
52239Other service activities incidental to air transportation

Rulings 34

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10098880 / M13 9 Oct 2026	Fine for not filing the report	24 Oct 2026	In force 27 Oct 2026	PDF
Ä 10098880 / M12 12 Jul 2026	Warning of a fine: annual report not filed	12 Aug 2026	In force 13 Jul 2026	PDF
Ä 10098880 / M11 12 Jul 2025	Warning of deletion from the register: annual report not filed	15 Oct 2025	Deficiencies eliminated 10 Oct 2025	PDF
Ä 10098880 / M10 7 Jul 2024	Warning of deletion from the register: annual report not filed	10 Oct 2024	Deficiencies eliminated 24 Aug 2024	PDF
Ä 10098880 / M9 26 Sep 2023	Warning of a fine: annual report not filed	26 Oct 2023	Deficiencies eliminated 18 Nov 2023	PDF
Ä 10098880 / M8 22 Nov 2021	Warning of deletion from the register: annual report not filed	23 May 2022	Deficiencies eliminated 14 Feb 2022	PDF
Ä 10098880 / M7 21 Sep 2021	Fine for not filing the report	7 Oct 2021	In force 8 Oct 2021	PDF
Ä 10098880 / M6 23 Apr 2021	Warning of a fine: annual report not filed	23 May 2021	Deficiencies eliminated 14 Feb 2022	PDF
Ä 10098880 / 21 2 Nov 2020	Amendment entry		In force 2 Nov 2020	PDF
Ä 10098880 / 20 12 Feb 2019	Amendment entry		In force 12 Feb 2019	PDF
Ä 10098880 / 19 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10098880 / 18 30 Nov 2017	Amendment entry		In force 30 Nov 2017	PDF
Ä 10098880 / 17 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10098880 / 16 18 May 2017	Amendment entry		In force 18 May 2017	PDF
Ä 10098880 / M5 12 May 2017	Ruling to eliminate deficiencies	1 Jun 2017	Deficiencies eliminated 18 May 2017	PDF
Ä 10098880 / 15 15 Sep 2016	Amendment entry		In force 15 Sep 2016	PDF
Ä 10098880 / 14 20 Jun 2016	Amendment entry		In force 20 Jun 2016	PDF
Ä 10098880 / M4 14 Jun 2016	Ruling to eliminate deficiencies	14 Jul 2016	Deficiencies eliminated 20 Jun 2016	PDF
Ä 10098880 / 13 15 Apr 2016	Amendment entry		In force 15 Apr 2016	PDF
Ä 10098880 / M3 12 Apr 2016	Procedural ruling		In force 12 Apr 2016	PDF
Ä 10098880 / 12 24 Apr 2014	Amendment under Commercial Code § 525 (2)		In force 24 Apr 2014	PDF
Ä 10098880 / 11 15 Mar 2012	Amendment entry		In force 15 Mar 2012	PDF
Ä 10098880 / 10 14 Feb 2012	Amendment under Commercial Code § 525 (2)		In force 14 Feb 2012	PDF
Ä 10098880 / 9 18 Feb 2011	Amendment entry		In force 18 Feb 2011	PDF
Ä 10098880 / 8 29 Jun 2010	Deletion of activities from the registry card		In force 29 Jun 2010	PDF
Ä 10098880 / 7 29 Apr 2010	Amendment entry		In force 29 Apr 2010	PDF
Ä 98880 / 6 18 Nov 2008	Amendment entry		In force 18 Nov 2008	PDF
Ä 98880 / M2 12 Nov 2008	Ruling to eliminate deficiencies (to be served)	17 Dec 2008	In force 12 Nov 2008	PDF
Ä 98880 / 5 18 Jul 2008	Amendment entry		In force 18 Jul 2008	PDF
Ä 98880 / 4 10 Jun 2008	Note on registration of shares in the Estonian central register of securities		In force 10 Jun 2008	PDF
Ä 98880 / 3 4 Jun 2008	Transformation entry without a new registry card		In force 4 Jun 2008	PDF
Ä 98880 / M1 21 May 2008	Ruling to eliminate deficiencies (to be served)	27 Jun 2008	In force 28 May 2008	PDF
Ä 98880 / 2 25 Jul 2006	Amendment entry		In force 25 Jul 2006	PDF
Ä 98880 24 May 2006	First entry		In force 24 May 2006	PDF

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

PANAVIATIC AS

Position in the industry Air transport · EMTAK 51

Taxes and turnover

Financials by year

Financial ratios for 2024

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 34