Paganel Studio OÜ

Active Registry code 11518220 OÜ Tallinn Registered 23 Jul 2008
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Paganel Studio OÜ is a OÜ based in Tallinn, registry code 11518220, status: active. Main activity: Other reservation service and related activities. According to EMTA, turnover for Q3 2026 was €507 194 with 1 employees.

Turnover
507 194 €
↑ 51.0% vs Q2 2026
State taxes
3 033 €
↑ 5.5% vs Q2 2026
Labour taxes
3 108 €
↑ 5.9% vs Q2 2026
Employees
1
±0 vs Q2 2026

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

Position in the industry Travel agency, tour operator and other reservation service and related activities · EMTAK 79

  • Turnover · Q3 2026 507 194 €
    industry median 27 306 € · companies in the industry: 383
  • Labour taxes per employee 3 108 €
    industry median 1 423 € · companies in the industry: 297
  • Revenue · 2025 2.1 mn €
    industry median 27 722 € · companies in the industry: 819
  • Net profit margin · 2025 -1.9 %
    industry median 5.5 % · companies in the industry: 644

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 507 194 € · +51.0% vs Q2 2026 · industry median 27 306 € · above 92% of the industry
0200400600Q4 2023 Company: 62 340 € Industry median: 26 839 €Q4·23Q1 2024 Company: 80 787 € Industry median: 23 716 €Q2 2024 Company: 160 192 € Industry median: 25 314 €Q2·24Q3 2024 Company: 0 € Industry median: 36 497 €Q4 2024 Company: 5 459 € Industry median: 28 413 €Q4·24Q1 2025 Company: 73 270 € Industry median: 24 705 €Q2 2025 Company: 195 803 € Industry median: 24 720 €Q2·25Q3 2025 Company: 433 485 € Industry median: 31 477 €Q4 2025 Company: 392 686 € Industry median: 26 978 €Q4·25Q1 2026 Company: 368 592 € Industry median: 21 639 €Q2 2026 Company: 335 915 € Industry median: 21 802 €Q2·26Q3 2026 Company: 507 194 € Industry median: 27 306 €Q3·260200400600Q4 2024 Company: 5 459 € Industry median: 28 413 €Q1 2025 Company: 73 270 € Industry median: 24 705 €Q1·25Q2 2025 Company: 195 803 € Industry median: 24 720 €Q3 2025 Company: 433 485 € Industry median: 31 477 €Q3·25Q4 2025 Company: 392 686 € Industry median: 26 978 €Q1 2026 Company: 368 592 € Industry median: 21 639 €Q1·26Q2 2026 Company: 335 915 € Industry median: 21 802 €Q3 2026 Company: 507 194 € Industry median: 27 306 €Q3·26
  • Company
  • Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 3 108 € · +5.9% vs Q2 2026 · industry median 1 423 € · above 81% of the industry
01 0002 0003 0004 000Q4 2023 Company: 752 € Industry median: 1 192 €Q4·23Q1 2024 Company: 433 € Industry median: 1 156 €Q2 2024 Company: 416 € Industry median: 1 120 €Q2·24Q3 2024 Company: 364 € Industry median: 1 233 €Q4 2024 Company: 622 € Industry median: 1 233 €Q4·24Q1 2025 Company: 1 245 € Industry median: 1 385 €Q2 2025 Company: 2 909 € Industry median: 1 376 €Q2·25Q3 2025 Company: 2 857 € Industry median: 1 423 €Q4 2025 Company: 2 858 € Industry median: 1 410 €Q4·25Q1 2026 Company: 2 857 € Industry median: 1 342 €Q2 2026 Company: 2 936 € Industry median: 1 324 €Q2·26Q3 2026 Company: 3 108 € Industry median: 1 423 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 622 € Industry median: 1 233 €Q1 2025 Company: 1 245 € Industry median: 1 385 €Q1·25Q2 2025 Company: 2 909 € Industry median: 1 376 €Q3 2025 Company: 2 857 € Industry median: 1 423 €Q3·25Q4 2025 Company: 2 858 € Industry median: 1 410 €Q1 2026 Company: 2 857 € Industry median: 1 342 €Q1·26Q2 2026 Company: 2 936 € Industry median: 1 324 €Q3 2026 Company: 3 108 € Industry median: 1 423 €Q3·26
  • Company
  • Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (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
0.00.20.40.60.81.0Q4 2023 Company: 1Q4·23Q1 2024 Company: 1Q2 2024 Company: 1Q2·24Q3 2024 Company: 1Q4 2024 Company: 1Q4·24Q1 2025 Company: 1Q2 2025 Company: 1Q2·25Q3 2025 Company: 1Q4 2025 Company: 1Q4·25Q1 2026 Company: 1Q2 2026 Company: 1Q2·26Q3 2026 Company: 1Q3·260.00.20.40.60.81.0Q4 2024 Company: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: 1Q3·25Q4 2025 Company: 1Q1 2026 Company: 1Q1·26Q2 2026 Company: 1Q3 2026 Company: 1Q3·26
State taxes, € Q3 2026: 3 033 € · +5.5% vs Q2 2026
01 0002 0003 0004 000Q4 2023 Company: 694 €Q4·23Q1 2024 Company: 399 €Q2 2024 Company: 384 €Q2·24Q3 2024 Company: 335 €Q4 2024 Company: 574 €Q4·24Q1 2025 Company: 1 204 €Q2 2025 Company: 2 849 €Q2·25Q3 2025 Company: 2 801 €Q4 2025 Company: 2 802 €Q4·25Q1 2026 Company: 2 801 €Q2 2026 Company: 2 874 €Q2·26Q3 2026 Company: 3 033 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 574 €Q1 2025 Company: 1 204 €Q1·25Q2 2025 Company: 2 849 €Q3 2025 Company: 2 801 €Q3·25Q4 2025 Company: 2 802 €Q1 2026 Company: 2 801 €Q1·26Q2 2026 Company: 2 874 €Q3 2026 Company: 3 033 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 507 194 3 033 3 108 1
Q2 2026 335 915 2 874 2 936 1
Q1 2026 368 592 2 801 2 857 1
Q4 2025 392 686 2 802 2 858 1
Q3 2025 433 485 2 801 2 857 1
Q2 2025 195 803 2 849 2 909 1
Q1 2025 73 270 1 204 1 245 1
Q4 2024 5 459 574 622 1
Q3 2024 — 335 364 1
Q2 2024 160 192 384 416 1
Q1 2024 80 787 399 433 1
Q4 2023 62 340 694 752 1
Q3 2023 — 540 585 1
Q2 2023 — 351 381 1
Q1 2023 31 200 478 518 1
Q4 2022 22 697 422 458 1
Q3 2022 39 380 209 227 1
Q2 2022 — 228 248 1
Q1 2022 — 252 273 1
Labour taxes per employee per month
1 036 €
Turnover per employee in the quarter
507 194 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 2 096 073 € · +31.2% vs 2024 · industry median 27 722 € · above 98% of the industry
05001 0001 5002 0002 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 109 174 € Industry median: 28 223 €20192020 Company: 789 996 € Industry median: 6 673 €20202021 Company: 1 271 137 € Industry median: 8 827 €20212022 Company: 372 922 € Industry median: 16 078 €20222023 Company: 1 061 932 € Industry median: 20 487 €20232024 Company: 1 597 839 € Industry median: 26 470 €20242025 Company: 2 096 073 € Industry median: 27 722 €202505001 0001 5002 0002 5002018 Company: — Industry median: —2019 Company: 1 109 174 € Industry median: 28 223 €20192020 Company: 789 996 € Industry median: 6 673 €2021 Company: 1 271 137 € Industry median: 8 827 €20212022 Company: 372 922 € Industry median: 16 078 €2023 Company: 1 061 932 € Industry median: 20 487 €20232024 Company: 1 597 839 € Industry median: 26 470 €2025 Company: 2 096 073 € Industry median: 27 722 €2025
  • Company
  • Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: -39 418 € · −200.8% vs 2024 · industry median 1 194 € · above 2% of the industry
-75 000-50 000-25 000025 00050 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 48 048 € Industry median: 1 022 €20192020 Company: -59 493 € Industry median: -128 €20202021 Company: 42 682 € Industry median: 42 €20212022 Company: 3 725 € Industry median: 781 €20222023 Company: 517 € Industry median: 1 059 €20232024 Company: 39 123 € Industry median: 994 €20242025 Company: -39 418 € Industry median: 1 194 €2025-75 000-50 000-25 000025 00050 0002018 Company: — Industry median: —2019 Company: 48 048 € Industry median: 1 022 €20192020 Company: -59 493 € Industry median: -128 €2021 Company: 42 682 € Industry median: 42 €20212022 Company: 3 725 € Industry median: 781 €2023 Company: 517 € Industry median: 1 059 €20232024 Company: 39 123 € Industry median: 994 €2025 Company: -39 418 € Industry median: 1 194 €2025
  • Company
  • Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -1.9 % · −4.3 pp vs the year before · industry median 5.5 % · above 18% of the industry
-10-505102016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 4.3 % Industry median: 4.5 %20192020 Company: -7.5 % Industry median: -5.3 %20202021 Company: 3.4 % Industry median: 6.5 %20212022 Company: 1.0 % Industry median: 7.2 %20222023 Company: 0.0 % Industry median: 7.5 %20232024 Company: 2.4 % Industry median: 5.7 %20242025 Company: -1.9 % Industry median: 5.5 %2025-10-505102018 Company: — Industry median: —2019 Company: 4.3 % Industry median: 4.5 %20192020 Company: -7.5 % Industry median: -5.3 %2021 Company: 3.4 % Industry median: 6.5 %20212022 Company: 1.0 % Industry median: 7.2 %2023 Company: 0.0 % Industry median: 7.5 %20232024 Company: 2.4 % Industry median: 5.7 %2025 Company: -1.9 % Industry median: 5.5 %2025
  • Company
  • Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 370 611 € · −9.6% vs 2024
01002003004005002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 415 244 €20192020 Company: 323 982 €20202021 Company: 366 663 €20212022 Company: 370 720 €20222023 Company: 370 994 €20232024 Company: 410 029 €20242025 Company: 370 611 €202501002003004005002018 Company: —2019 Company: 415 244 €20192020 Company: 323 982 €2021 Company: 366 663 €20212022 Company: 370 720 €2023 Company: 370 994 €20232024 Company: 410 029 €2025 Company: 370 611 €2025
Equity, € thousand 2025: 95 611 € · −29.2% vs 2024
0501001502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 140 036 €20192020 Company: 48 982 €20202021 Company: 91 663 €20212022 Company: 95 388 €20222023 Company: 95 905 €20232024 Company: 135 029 €20242025 Company: 95 611 €20250501001502018 Company: —2019 Company: 140 036 €20192020 Company: 48 982 €2021 Company: 91 663 €20212022 Company: 95 388 €2023 Company: 95 905 €20232024 Company: 135 029 €2025 Company: 95 611 €2025
Employees 2025: 2 · +100.0% vs 2024 · industry median 1 · above 60% of the industry
0.00.51.01.52.02016 Company: 0 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 220182019 Company: 1 Industry median: 220192020 Company: 1 Industry median: 120202021 Company: 1 Industry median: 120212022 Company: 1 Industry median: 120222023 Company: 1 Industry median: 120232024 Company: 1 Industry median: 120242025 Company: 2 Industry median: 120250.00.51.01.52.02018 Company: 0 Industry median: 22019 Company: 1 Industry median: 220192020 Company: 1 Industry median: 12021 Company: 1 Industry median: 120212022 Company: 1 Industry median: 12023 Company: 1 Industry median: 120232024 Company: 1 Industry median: 12025 Company: 2 Industry median: 12025
  • Company
  • Industry median

Industry: Travel agency, tour operator and other reservation service and related activities (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 2 096 073 -39 418 23 237 370 611 95 611 2
2024 1 597 839 39 123 4 100 410 029 135 029 1
2023 1 061 932 517 4 942 370 994 95 905 1
2022 372 922 3 725 3 450 370 720 95 388 1
2021 1 271 137 42 682 3 414 366 663 91 663 1
2020 789 996 -59 493 1 658 323 982 48 982 1
2019 1 109 174 48 048 1 285 415 244 140 036 1
2018 — — — — — 0
2017 — — — — — 0
2016 — — — — — 0
2015 — — — — — 0
2014 — — — — — 0
2013 — — — — — 0
2012 — — — — — 0
2011 — — — — — 0
2010 — — — — — 0
2009 — — — — — 0
2008 — — — — — 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
-1.9 %
Net profit / revenue
Return on equity (ROE)
-41.2 %
Net profit / equity
Return on assets (ROA)
-10.6 %
Net profit / assets
Equity ratio
25.8 %
Equity / assets
Debt ratio
74.2 %
Liabilities / assets
Current ratio
0.38
Current assets / current liabilities
Revenue per employee
1 048 037 €
Revenue / average full-time employees
Labour cost per employee per month
968 €
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 12 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 3 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 26 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 14 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 6 Jul 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 4 Jul 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 2 Nov 2020 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

Founders and other persons

Activities (EMTAK)

  • 79901Other reservation service and related activities Main
Rulings
Number, date Title Deadline State Document
Ä 10119970 / 12
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 10119970 / 11
6 Oct 2020
Amendment entry In force
6 Oct 2020
PDF
Ä 10119970 / 10
4 Jul 2019
Amendment entry In force
4 Jul 2019
PDF
Ä 10119970 / 9
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10119970 / 8
5 Jan 2018
Amendment entry In force
5 Jan 2018
PDF
Ä 10119970 / 7
30 Nov 2017
Amendment entry In force
30 Nov 2017
PDF
Ä 10119970 / M5
3 Jul 2017
Procedural ruling 2 Aug 2017 Deficiencies eliminated
21 Jul 2017
PDF
Ä 10119970 / 6
16 Sep 2016
Amendment entry In force
16 Sep 2016
PDF
Ä 10119970 / 5
28 Jul 2015
Amendment entry In force
28 Jul 2015
PDF
Ä 10119970 / M4
27 Jul 2015
Ruling to eliminate deficiencies 26 Aug 2015 Deficiencies eliminated
27 Jul 2015
PDF
Ä 10119970 / 4
10 Jul 2015
Amendment entry In force
10 Jul 2015
PDF
Ä 10119970 / M3
8 Jul 2015
Ruling to eliminate deficiencies 23 Jul 2015 Deficiencies eliminated
10 Jul 2015
PDF
Ä 10119970 / 3
6 Apr 2015
Amendment entry In force
6 Apr 2015
PDF
Ä 10119970 / 2
20 Mar 2015
Amendment entry In force
20 Mar 2015
PDF
Ä 10119970 / M2
2 Mar 2015
Ruling to eliminate deficiencies 1 Apr 2015 Deficiencies eliminated
20 Mar 2015
PDF
Ä 10119970 / M1
17 Feb 2012
Warning of deletion from the register: annual report not filed 17 Aug 2012 Deficiencies eliminated
6 Aug 2012
PDF
Ä 119970
23 Jul 2008
First entry In force
23 Jul 2008
PDF

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