AS Baltic Rail
Active Registry code 11532987
AS Tallinn Registered 4 Sep 2008
AS Baltic Rail is a AS based in Tallinn, registry code 11532987, status: active. Main activity: Freight rail transport. According to EMTA, turnover for Q3 2026 was €2 460 219 with 10 employees.
Turnover
2 460 219 €
↓ 18.3% vs Q2 2026
State taxes
28 155 €
↑ 0.6% vs Q2 2026
Labour taxes
31 320 €
↑ 1.2% vs Q2 2026
Employees
10
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 2.5 mn €above 98% of companiesindustry median 29 505 € · companies in the industry: 3 554
- Labour taxes per employee 3 132 €above 98% of companiesindustry median 1 179 € · companies in the industry: 3 134
- Revenue · 2021 8.7 mn €above 98% of companiesindustry median 39 390 € · companies in the industry: 5 048
- Net profit margin · 2021 -2.4 %above 21% of companiesindustry median 4.2 % · companies in the industry: 4 096
Taxes and turnover
- Company
- Industry median
Industry: Land transport and transport via pipelines (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Land transport and transport via pipelines (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 | 2 460 219 | 28 155 | 31 320 | 10 |
| Q2 2026 | 3 012 138 | 27 975 | 30 939 | 10 |
| Q1 2026 | 2 624 666 | 28 186 | 30 980 | 10 |
| Q4 2025 | 2 778 995 | 33 157 | 36 229 | 9 |
| Q3 2025 | 2 481 457 | 32 209 | 35 316 | 10 |
| Q2 2025 | 3 156 489 | 32 454 | 35 450 | 10 |
| Q1 2025 | 3 098 011 | 33 860 | 36 806 | 10 |
| Q4 2024 | 2 901 358 | 32 297 | 34 590 | 11 |
| Q3 2024 | 2 470 527 | 32 603 | 34 763 | 11 |
| Q2 2024 | 4 270 251 | 31 871 | 34 045 | 11 |
| Q1 2024 | 3 618 953 | 34 471 | 36 635 | 11 |
| Q4 2023 | 3 767 972 | 33 893 | 36 084 | 10 |
| Q3 2023 | 3 567 339 | 35 686 | 38 047 | 12 |
| Q2 2023 | 3 922 413 | 38 522 | 40 975 | 12 |
| Q1 2023 | 4 605 936 | 32 038 | 34 072 | 12 |
| Q4 2022 | 5 164 902 | 30 937 | 32 932 | 10 |
| Q3 2022 | 4 206 098 | 29 541 | 31 717 | 10 |
| Q2 2022 | 5 424 581 | 28 640 | 30 618 | 9 |
| Q1 2022 | 4 352 136 | 26 619 | 28 590 | 9 |
Labour taxes per employee per month
1 044 €
Turnover per employee in the quarter
246 022 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Land transport and transport via pipelines (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Land transport and transport via pipelines (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Land transport and transport via pipelines (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Land transport and transport via pipelines (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 |
|---|---|---|---|---|---|---|
| 2021 | 8 657 339 | -207 316 | 266 147 | 1 082 170 | -8 639 641 | 8 |
| 2020 | 7 033 500 | -891 783 | 251 864 | 1 297 347 | -8 432 325 | 8 |
| 2019 | 7 893 492 | -566 449 | 257 982 | 1 081 276 | -7 540 542 | 8 |
| 2018 | — | — | — | — | — | 8 |
| 2017 | — | — | — | — | — | 7 |
| 2016 | — | — | — | — | — | 7 |
| 2015 | — | — | — | — | — | 6 |
| 2014 | — | — | — | — | — | 6 |
| 2013 | — | — | — | — | — | 8 |
| 2012 | — | — | — | — | — | 7 |
| 2011 | — | — | — | — | — | 5 |
| 2010 | — | — | — | — | — | 0 |
| 2009 | — | — | — | — | — | 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 2021
Net profit margin
-2.4 %
Net profit / revenue
Return on assets (ROA)
-19.2 %
Net profit / assets
Equity ratio
-798.4 %
Equity / assets
Debt ratio
898.4 %
Liabilities / assets
Current ratio
0.11
Current assets / current liabilities
Revenue per employee
1 082 167 €
Revenue / average full-time employees
Labour cost per employee per month
2 772 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 9 Jan 2026 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 15 May 2025 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 28 Feb 2025 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Stephen Charles ArcherBoard member · since 4 Sep 2008
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Beneficial owners
No beneficial owners listed.
Founders and other persons
- RAIL WORLD B.V.Founder · 15 646 600 € · 4 Sep 2008
- Aktsiaselts PricewaterhouseCoopersAudit firm · 29 Aug 2008
- Edward Arnold BurkhardtChairman of the supervisory board · 29 Aug 2008
- Riivo SinijärvSupervisory board member · 29 Aug 2008
- Timothy Peter HollawaySupervisory board member · 29 Aug 2008
- Omanikukonto: ADVOKAADIBÜROO LEVIN OÜShareholder · 1 000 000 € · 16 Aug 2023
Activities (EMTAK)
- 49201Freight rail transport Main
- 52261Organising and forwarding freight consignments
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10120978 / M25 12 Jul 2026 |
Warning of a fine: annual report not filed | 24 Aug 2026 | In force 25 Jul 2026 |
|
| Ä 10120978 / M24 5 May 2026 |
Fine for not filing the report | 30 May 2026 | In force 1 Jun 2026 |
|
| Ä 10120978 / M23 14 Mar 2026 |
Warning of a fine: annual report not filed | 27 Apr 2026 | In force 28 Mar 2026 |
|
| Ä 10120978 / M22 10 Feb 2026 |
Repeated fine for not filing the report | 10 Mar 2026 | In force 11 Mar 2026 |
|
| Ä 10120978 / M21 16 Dec 2025 |
Fine for not filing the report | 20 Jan 2026 | In force 21 Jan 2026 |
|
| Ä 10120978 / M20 25 Sep 2025 |
Ruling to eliminate deficiencies | 3 Dec 2025 | In force 19 Nov 2025 |
|
| Ä 10120978 / M19 31 Aug 2024 |
Warning of deletion from the register: annual report not filed | 4 Dec 2024 | In force 31 Aug 2024 |
|
| Ä 10120978 / M18 12 Jul 2024 |
Warning of deletion from the register: annual report not filed | 15 Oct 2024 | Deficiencies eliminated 24 Aug 2024 |
|
| Ä 10120978 / M17 1 Apr 2024 |
Repeated fine for not filing the report | 2 May 2024 | In force 3 May 2024 |
|
| Ä 10120978 / M16 8 Nov 2023 |
Fine for not filing the report | 9 Dec 2023 | In force 24 Jan 2024 |
|
| Ä 10120978 / M15 28 Sep 2023 |
Warning of a fine: annual report not filed | 28 Oct 2023 | In force 28 Sep 2023 |
|
| Ä 10120978 / M14 23 Jun 2022 |
Warning of deletion published in Ametlikud Teadaanded | In force 23 Jun 2022 |
||
| Ä 10120978 / M13 7 Dec 2021 |
Warning of deletion from the register: annual report not filed | 7 Jun 2022 | In force 7 Dec 2021 |
|
| Ä 10120978 / M12 21 Oct 2021 |
Public service of a ruling in Ametlikud Teadaanded | In force 21 Oct 2021 |
||
| Ä 10120978 / M11 9 Oct 2021 |
Fine for not filing the report | 4 Nov 2021 | In force 25 Nov 2021 |
|
| Ä 10120978 / M10 25 Mar 2021 |
Public service of a ruling in Ametlikud Teadaanded | In force 25 Mar 2021 |
||
| Ä 10120978 / M9 15 Feb 2021 |
Warning of a fine: annual report not filed | 17 Mar 2021 | In force 15 Feb 2021 |
|
| Ä 10120978 / 7 19 Nov 2018 |
Amendment entry | In force 19 Nov 2018 |
||
| Ä 10120978 / M8 15 Nov 2018 |
Warning of deletion published in Ametlikud Teadaanded | In force 15 Nov 2018 |
||
| Ä 10120978 / M7 3 Sep 2018 |
Procedural ruling | 9 Nov 2018 | In force 3 Sep 2018 |
|
| Ä 10120978 / M6 8 Mar 2018 |
Warning of deletion from the register: annual report not filed | 10 Sep 2018 | Deficiencies eliminated 20 May 2019 |
|
| Ä 10120978 / 6 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10120978 / 5 30 Nov 2017 |
Amendment entry | In force 30 Nov 2017 |
||
| Ä 10120978 / 4 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10120978 / M5 27 Oct 2016 |
Warning of deletion published in Ametlikud Teadaanded | In force 27 Oct 2016 |
||
| Ä 10120978 / M4 4 Oct 2016 |
Procedural ruling | 7 Nov 2016 | Deficiencies eliminated 25 Nov 2016 |
|
| Ä 10120978 / M3 7 Apr 2016 |
Warning of deletion from the register: annual report not filed | 9 Oct 2016 | Deficiencies eliminated 25 Nov 2016 |
|
| Ä 10120978 / M2 7 Apr 2016 |
Ruling annulling a ruling | In force 7 Apr 2016 |
||
| Ä 10120978 / M1 21 Mar 2016 |
Warning of deletion from the register: annual report not filed | 22 Sep 2016 | Deficiencies eliminated 25 Nov 2016 |
|
| Ä 10120978 / 3 7 Sep 2015 |
Amendment under Commercial Code § 525 (2) | In force 7 Sep 2015 |
||
| Ä 10120978 / 2 8 Feb 2012 |
Amendment entry | In force 8 Feb 2012 |
||
| Ä 120978 4 Sep 2008 |
First entry | In force 4 Sep 2008 |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data