osaühing Balmax
Active Registry code 11539280
OÜ Tartu linn Registered 22 Oct 2008
osaühing Balmax is a OÜ based in Tartu linn, registry code 11539280, status: active. Main activity: Wholesale of agricultural machinery, equipment and supplies. According to EMTA, turnover for Q3 2026 was €623 020 with 5 employees.
Turnover
623 020 €
↓ 38.9% vs Q2 2026
State taxes
0 €
Labour taxes
14 985 €
↓ 6.9% vs Q2 2026
Employees
5
+1 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 623 020 €above 83% of companiesindustry median 59 985 € · companies in the industry: 6 940
- Labour taxes per employee 2 997 €above 65% of companiesindustry median 2 104 € · companies in the industry: 4 194
- Revenue · 2025 4.2 mn €above 93% of companiesindustry median 63 691 € · companies in the industry: 10 038
- Net profit margin · 2025 0.2 %above 33% of companiesindustry median 2.7 % · companies in the industry: 7 414
Taxes and turnover
- Company
- Industry median
Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Wholesale trade (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 | 623 020 | — | 14 985 | 5 |
| Q2 2026 | 1 020 228 | — | 16 092 | 4 |
| Q1 2026 | 854 791 | 8 522 | 14 645 | 5 |
| Q4 2025 | 554 472 | — | 17 490 | 4 |
| Q3 2025 | 1 177 618 | — | 22 377 | 5 |
| Q2 2025 | 1 232 041 | 23 172 | 20 149 | 6 |
| Q1 2025 | 1 399 167 | — | 21 951 | 6 |
| Q4 2024 | 1 417 990 | — | 21 657 | 6 |
| Q3 2024 | 1 114 138 | — | 22 291 | 7 |
| Q2 2024 | 1 164 614 | — | 18 801 | 7 |
| Q1 2024 | 2 278 761 | — | 20 487 | 7 |
| Q4 2023 | 3 227 127 | 5 383 | 19 342 | 6 |
| Q3 2023 | 3 146 158 | 357 705 | 17 741 | 6 |
| Q2 2023 | 1 308 550 | 11 937 | 15 221 | 6 |
| Q1 2023 | 2 026 891 | 14 578 | 13 998 | 6 |
| Q4 2022 | 2 184 598 | 73 825 | 12 749 | 5 |
| Q3 2022 | 1 089 063 | — | 11 793 | 5 |
| Q2 2022 | 969 798 | — | 9 352 | 4 |
| Q1 2022 | 701 667 | 9 842 | 7 020 | 4 |
Labour taxes per employee per month
999 €
Turnover per employee in the quarter
124 604 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Wholesale trade (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 | 4 231 220 | 10 300 | 174 834 | 837 995 | 394 723 | 6 |
| 2024 | 4 058 838 | -172 049 | 195 789 | 1 279 870 | 275 697 | 7 |
| 2023 | 5 650 891 | 306 644 | 167 814 | 1 769 955 | 738 909 | 7 |
| 2022 | 3 036 063 | 191 035 | 107 429 | 1 216 471 | 557 265 | 5 |
| 2021 | 2 516 155 | 52 455 | 62 840 | 898 180 | 366 230 | 3 |
| 2020 | 2 130 906 | 8 849 | 59 097 | 892 602 | 363 774 | 3 |
| 2019 | 2 733 905 | 124 034 | 56 549 | 1 148 349 | 354 926 | 3 |
| 2018 | — | — | — | — | — | 1 |
| 2017 | — | — | — | — | — | 1 |
| 2016 | — | — | — | — | — | 2 |
| 2015 | — | — | — | — | — | 2 |
| 2014 | — | — | — | — | — | 2 |
| 2013 | — | — | — | — | — | 2 |
| 2012 | — | — | — | — | — | 1 |
| 2011 | — | — | — | — | — | 1 |
| 2010 | — | — | — | — | — | 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
0.2 %
Net profit / revenue
Return on equity (ROE)
2.6 %
Net profit / equity
Return on assets (ROA)
1.2 %
Net profit / assets
Equity ratio
47.1 %
Equity / assets
Debt ratio
52.9 %
Liabilities / assets
Current ratio
1.89
Current assets / current liabilities
Revenue per employee
705 203 €
Revenue / average full-time employees
Labour cost per employee per month
2 428 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 25 Jun 2026 | Company’s own | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 27 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 26 Jun 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 3 Jun 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 28 Jun 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 30 Jun 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 5 Oct 2020 | Company’s own · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 1 | 300 000 € | Swedbank AS | 13 Jan 2021 – in force |
Board
- Pille-Riin RaudseppBoard member · since 22 Oct 2008
Right of representation
Any member of the management board may represent the private limited company in all transactions.
Owners
- Pille-Riin RaudseppNatural person · 2 556 €
Beneficial owners
- Pille-Riin RaudseppDirect ownership · since 4 Sep 2018
Founders and other persons
- Pille-Riin RaudseppFounder · 40 000 € · 21 Oct 2008
- Enn LeppikAudit firm · 24 Oct 2017
- AUDIITORBÜROO ELSS ASAudit firm · 24 Oct 2017
Related companies
Activities (EMTAK)
- 46611Wholesale of agricultural machinery, equipment and supplies Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 20042449 / 12 3 Sep 2023 |
Amendment entry | In force 3 Sep 2023 |
||
| K 20042449 / 11 13 Jan 2021 |
Commercial pledge entered | In force 13 Jan 2021 |
||
| Ä 20042449 / 10 22 May 2020 |
Amendment entry | In force 22 May 2020 |
||
| Ä 20042449 / 9 9 Dec 2019 |
Second (constitutive) merger entry | In force 9 Dec 2019 |
||
| Ä 20042449 / 8 28 May 2019 |
Amendment under Commercial Code § 525 (2) | In force 28 May 2019 |
||
| Ä 20042449 / 7 19 Jan 2018 |
Amendment entry | In force 19 Jan 2018 |
||
| Ä 20042449 / 6 11 Dec 2017 |
Amendment entry | In force 11 Dec 2017 |
||
| Ä 20042449 / 5 4 Dec 2017 |
Amendment entry | In force 4 Dec 2017 |
||
| Ä 20042449 / 4 21 Oct 2016 |
Amendment entry | In force 21 Oct 2016 |
||
| Ä 20042449 / M2 24 Mar 2016 |
Warning of deletion from the register: annual report not filed | 25 Sep 2016 | Deficiencies eliminated 30 Mar 2016 |
|
| Ä 20042449 / M1 9 Mar 2012 |
Warning of deletion from the register: annual report not filed | 7 Sep 2012 | Deficiencies eliminated 25 Jan 2013 |
|
| Ä 20042449 / 3 9 Jan 2012 |
Amendment entry | In force 9 Jan 2012 |
||
| Ä 42449 / 2 4 Nov 2008 |
Entry made by the register on its own initiative | In force 4 Nov 2008 |
||
| Ä 42449 22 Oct 2008 |
First entry | In force 22 Oct 2008 |
Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data