MA Fashion Holding OÜ

Active Registry code 11693207 OÜ Tallinn Registered 27 Jul 2009
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MA Fashion Holding OÜ is a OÜ based in Tallinn, registry code 11693207, status: active. Main activity: Manufacture of underwear. According to EMTA, turnover for Q3 2026 was €439 256 with 31 employees.

Turnover
439 256 €
↓ 72.7% vs Q2 2026
State taxes
71 786 €
↓ 9.5% vs Q2 2026
Labour taxes
74 935 €
↑ 3.3% vs Q2 2026
Employees
31
±0 vs Q2 2026

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

Position in the industry Manufacture of wearing apparel · EMTAK 14

  • Turnover · Q3 2026 439 256 €
    industry median 14 653 € · companies in the industry: 290
  • Labour taxes per employee 2 417 €
    industry median 1 059 € · companies in the industry: 312
  • Revenue · 2025 3.6 mn €
    industry median 6 431 € · companies in the industry: 830
  • Net profit margin · 2025 -23.7 %
    industry median 2.5 % · companies in the industry: 577

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 439 256 € · −72.7% vs Q2 2026 · industry median 14 653 € · above 92% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 1 065 097 € Industry median: 20 656 €Q4·23Q1 2024 Company: 1 028 793 € Industry median: 17 399 €Q2 2024 Company: 2 099 564 € Industry median: 18 114 €Q2·24Q3 2024 Company: 766 885 € Industry median: 19 632 €Q4 2024 Company: 1 181 748 € Industry median: 18 919 €Q4·24Q1 2025 Company: 626 360 € Industry median: 18 079 €Q2 2025 Company: 1 640 340 € Industry median: 17 692 €Q2·25Q3 2025 Company: 830 392 € Industry median: 17 208 €Q4 2025 Company: 736 000 € Industry median: 17 744 €Q4·25Q1 2026 Company: 1 201 700 € Industry median: 16 230 €Q2 2026 Company: 1 608 011 € Industry median: 16 749 €Q2·26Q3 2026 Company: 439 256 € Industry median: 14 653 €Q3·2605001 0001 5002 000Q4 2024 Company: 1 181 748 € Industry median: 18 919 €Q1 2025 Company: 626 360 € Industry median: 18 079 €Q1·25Q2 2025 Company: 1 640 340 € Industry median: 17 692 €Q3 2025 Company: 830 392 € Industry median: 17 208 €Q3·25Q4 2025 Company: 736 000 € Industry median: 17 744 €Q1 2026 Company: 1 201 700 € Industry median: 16 230 €Q1·26Q2 2026 Company: 1 608 011 € Industry median: 16 749 €Q3 2026 Company: 439 256 € Industry median: 14 653 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of wearing apparel (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 417 € · +3.3% vs Q2 2026 · industry median 1 059 € · above 91% of the industry
01 0002 0003 000Q4 2023 Company: 2 146 € Industry median: 806 €Q4·23Q1 2024 Company: 2 213 € Industry median: 858 €Q2 2024 Company: 2 286 € Industry median: 919 €Q2·24Q3 2024 Company: 2 221 € Industry median: 906 €Q4 2024 Company: 2 302 € Industry median: 963 €Q4·24Q1 2025 Company: 2 684 € Industry median: 999 €Q2 2025 Company: 2 784 € Industry median: 973 €Q2·25Q3 2025 Company: 2 903 € Industry median: 1 076 €Q4 2025 Company: 2 417 € Industry median: 1 042 €Q4·25Q1 2026 Company: 2 584 € Industry median: 1 034 €Q2 2026 Company: 2 340 € Industry median: 1 058 €Q2·26Q3 2026 Company: 2 417 € Industry median: 1 059 €Q3·2601 0002 0003 000Q4 2024 Company: 2 302 € Industry median: 963 €Q1 2025 Company: 2 684 € Industry median: 999 €Q1·25Q2 2025 Company: 2 784 € Industry median: 973 €Q3 2025 Company: 2 903 € Industry median: 1 076 €Q3·25Q4 2025 Company: 2 417 € Industry median: 1 042 €Q1 2026 Company: 2 584 € Industry median: 1 034 €Q1·26Q2 2026 Company: 2 340 € Industry median: 1 058 €Q3 2026 Company: 2 417 € Industry median: 1 059 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of wearing apparel (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 31 · +0.0% vs Q2 2026
010203040Q4 2023 Company: 24Q4·23Q1 2024 Company: 24Q2 2024 Company: 25Q2·24Q3 2024 Company: 26Q4 2024 Company: 26Q4·24Q1 2025 Company: 25Q2 2025 Company: 25Q2·25Q3 2025 Company: 25Q4 2025 Company: 29Q4·25Q1 2026 Company: 29Q2 2026 Company: 31Q2·26Q3 2026 Company: 31Q3·26010203040Q4 2024 Company: 26Q1 2025 Company: 25Q1·25Q2 2025 Company: 25Q3 2025 Company: 25Q3·25Q4 2025 Company: 29Q1 2026 Company: 29Q1·26Q2 2026 Company: 31Q3 2026 Company: 31Q3·26
State taxes, € Q3 2026: 71 786 € · −9.5% vs Q2 2026
020 00040 00060 00080 000100 000Q4 2023 Company: 48 497 €Q4·23Q1 2024 Company: 62 294 €Q2 2024 Company: 77 601 €Q2·24Q3 2024 Company: 53 749 €Q4 2024 Company: 75 478 €Q4·24Q1 2025 Company: 0 €Q2 2025 Company: 69 668 €Q2·25Q3 2025 Company: 68 930 €Q4 2025 Company: 76 229 €Q4·25Q1 2026 Company: 98 189 €Q2 2026 Company: 79 304 €Q2·26Q3 2026 Company: 71 786 €Q3·26020 00040 00060 00080 000100 000Q4 2024 Company: 75 478 €Q1 2025 Company: 0 €Q1·25Q2 2025 Company: 69 668 €Q3 2025 Company: 68 930 €Q3·25Q4 2025 Company: 76 229 €Q1 2026 Company: 98 189 €Q1·26Q2 2026 Company: 79 304 €Q3 2026 Company: 71 786 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 439 256 71 786 74 935 31
Q2 2026 1 608 011 79 304 72 533 31
Q1 2026 1 201 700 98 189 74 944 29
Q4 2025 736 000 76 229 70 083 29
Q3 2025 830 392 68 930 72 585 25
Q2 2025 1 640 340 69 668 69 592 25
Q1 2025 626 360 — 67 105 25
Q4 2024 1 181 748 75 478 59 856 26
Q3 2024 766 885 53 749 57 734 26
Q2 2024 2 099 564 77 601 57 144 25
Q1 2024 1 028 793 62 294 53 113 24
Q4 2023 1 065 097 48 497 51 510 24
Q3 2023 818 854 89 093 51 713 24
Q2 2023 2 096 090 61 198 50 983 24
Q1 2023 811 792 65 906 47 439 24
Q4 2022 1 250 095 58 126 44 328 24
Q3 2022 483 813 42 538 40 071 25
Q2 2022 1 134 491 60 299 43 680 22
Q1 2022 818 270 41 476 44 175 24
Labour taxes per employee per month
806 €
Turnover per employee in the quarter
14 170 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 3 639 179 € · −27.6% vs 2024 · industry median 6 431 € · above 98% of the industry
02 0004 0006 0008 00010 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 8 039 402 € Industry median: 9 064 €20192020 Company: 6 108 486 € Industry median: 7 226 €20202021 Company: 6 965 040 € Industry median: 6 938 €20212022 Company: 4 717 060 € Industry median: 7 238 €20222023 Company: 4 731 484 € Industry median: 6 372 €20232024 Company: 5 026 111 € Industry median: 5 941 €20242025 Company: 3 639 179 € Industry median: 6 431 €202502 0004 0006 0008 00010 0002018 Company: — Industry median: —2019 Company: 8 039 402 € Industry median: 9 064 €20192020 Company: 6 108 486 € Industry median: 7 226 €2021 Company: 6 965 040 € Industry median: 6 938 €20212022 Company: 4 717 060 € Industry median: 7 238 €2023 Company: 4 731 484 € Industry median: 6 372 €20232024 Company: 5 026 111 € Industry median: 5 941 €2025 Company: 3 639 179 € Industry median: 6 431 €2025
  • Company
  • Industry median

Industry: Manufacture of wearing apparel (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -861 899 € · −4 110.3% vs 2024 · industry median 2 € · above 2% of the industry
-1 000-50005001 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 458 412 € Industry median: 118 €20192020 Company: -225 868 € Industry median: 44 €20202021 Company: 815 763 € Industry median: 45 €20212022 Company: 87 810 € Industry median: 37 €20222023 Company: 738 554 € Industry median: 10 €20232024 Company: 21 492 € Industry median: 0 €20242025 Company: -861 899 € Industry median: 2 €2025-1 000-50005001 0002018 Company: — Industry median: —2019 Company: 458 412 € Industry median: 118 €20192020 Company: -225 868 € Industry median: 44 €2021 Company: 815 763 € Industry median: 45 €20212022 Company: 87 810 € Industry median: 37 €2023 Company: 738 554 € Industry median: 10 €20232024 Company: 21 492 € Industry median: 0 €2025 Company: -861 899 € Industry median: 2 €2025
  • Company
  • Industry median

Industry: Manufacture of wearing apparel (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -23.7 % · −24.1 pp vs the year before · industry median 2.5 % · above 10% of the industry
-30-20-10010202016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 5.7 % Industry median: 3.2 %20192020 Company: -3.7 % Industry median: 3.1 %20202021 Company: 11.7 % Industry median: 3.2 %20212022 Company: 1.9 % Industry median: 3.4 %20222023 Company: 15.6 % Industry median: 2.2 %20232024 Company: 0.4 % Industry median: 1.6 %20242025 Company: -23.7 % Industry median: 2.5 %2025-30-20-10010202018 Company: — Industry median: —2019 Company: 5.7 % Industry median: 3.2 %20192020 Company: -3.7 % Industry median: 3.1 %2021 Company: 11.7 % Industry median: 3.2 %20212022 Company: 1.9 % Industry median: 3.4 %2023 Company: 15.6 % Industry median: 2.2 %20232024 Company: 0.4 % Industry median: 1.6 %2025 Company: -23.7 % Industry median: 2.5 %2025
  • Company
  • Industry median

Industry: Manufacture of wearing apparel (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 6 837 044 € · −11.1% vs 2024
02 0004 0006 0008 00010 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 8 122 165 €20192020 Company: 7 604 343 €20202021 Company: 8 293 439 €20212022 Company: 7 580 123 €20222023 Company: 7 758 120 €20232024 Company: 7 693 273 €20242025 Company: 6 837 044 €202502 0004 0006 0008 00010 0002018 Company: —2019 Company: 8 122 165 €20192020 Company: 7 604 343 €2021 Company: 8 293 439 €20212022 Company: 7 580 123 €2023 Company: 7 758 120 €20232024 Company: 7 693 273 €2025 Company: 6 837 044 €2025
Equity, € thousand 2025: 6 518 270 € · −11.7% vs 2024
02 0004 0006 0008 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 5 942 418 €20192020 Company: 5 716 550 €20202021 Company: 6 532 313 €20212022 Company: 6 620 123 €20222023 Company: 7 358 677 €20232024 Company: 7 380 169 €20242025 Company: 6 518 270 €202502 0004 0006 0008 0002018 Company: —2019 Company: 5 942 418 €20192020 Company: 5 716 550 €2021 Company: 6 532 313 €20212022 Company: 6 620 123 €2023 Company: 7 358 677 €20232024 Company: 7 380 169 €2025 Company: 6 518 270 €2025
Employees 2025: 27 · −3.6% vs 2024 · industry median 1 · above 91% of the industry
0102030402016 Company: 25 Industry median: —20162017 Company: 26 Industry median: —20172018 Company: 29 Industry median: 220182019 Company: 31 Industry median: 220192020 Company: 21 Industry median: 120202021 Company: 19 Industry median: 120212022 Company: 26 Industry median: 120222023 Company: 26 Industry median: 120232024 Company: 28 Industry median: 120242025 Company: 27 Industry median: 120250102030402018 Company: 29 Industry median: 22019 Company: 31 Industry median: 220192020 Company: 21 Industry median: 12021 Company: 19 Industry median: 120212022 Company: 26 Industry median: 12023 Company: 26 Industry median: 120232024 Company: 28 Industry median: 12025 Company: 27 Industry median: 12025
  • Company
  • Industry median

Industry: Manufacture of wearing apparel (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 3 639 179 -861 899 739 678 6 837 044 6 518 270 27
2024 5 026 111 21 492 634 449 7 693 273 7 380 169 28
2023 4 731 484 738 554 589 325 7 758 120 7 358 677 26
2022 4 717 060 87 810 469 068 7 580 123 6 620 123 26
2021 6 965 040 815 763 374 828 8 293 439 6 532 313 19
2020 6 108 486 -225 868 424 332 7 604 343 5 716 550 21
2019 8 039 402 458 412 660 644 8 122 165 5 942 418 31
2018 — — — — — 29
2017 — — — — — 26
2016 — — — — — 25
2015 — — — — — 29
2014 — — — — — 38
2013 — — — — — 35
2012 — — — — — 29
2011 — — — — — 22
2010 — — — — — 11
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 2025

Net profit margin
-23.7 %
Net profit / revenue
Return on equity (ROE)
-13.2 %
Net profit / equity
Return on assets (ROA)
-12.6 %
Net profit / assets
Equity ratio
95.3 %
Equity / assets
Debt ratio
4.7 %
Liabilities / assets
Current ratio
17.47
Current assets / current liabilities
Revenue per employee
134 784 €
Revenue / average full-time employees
Labour cost per employee per month
2 283 €
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 19 Jun 2026 Company’s own · audited 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 5 Jul 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 14 Oct 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 1 Sep 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 3 Sep 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 10 Jul 2020 Company’s own · audited e-Äriregister

Board

  • Andrei Lagunov
    Board member · since 27 Jul 2009
  • Mart Sillaots
    Board member · since 27 Jul 2009
  • Nasdaq CSD SE
    Keeper of the share register · since 23 Feb 2024

Right of representation

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

Owners

Owner in

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 14221Manufacture of underwear Main
  • 14101Manufacture of knitted and crocheted apparel
Rulings
Number, date Title Deadline State Document
Ä 10132083 / 9
23 Feb 2024
Amendment entry In force
23 Feb 2024
PDF
Ä 10132083 / M2
28 Sep 2023
Warning of a fine: annual report not filed 28 Oct 2023 Deficiencies eliminated
15 Oct 2023
PDF
Ä 10132083 / 8
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 10132083 / 7
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10132083 / 6
1 Dec 2017
Amendment entry In force
1 Dec 2017
PDF
Ä 10132083 / 5
12 Sep 2016
Amendment entry In force
12 Sep 2016
PDF
K 10132083 / 4
28 Mar 2013
Commercial pledge deleted In force
28 Mar 2013
PDF
K 10132083 / M1
25 Mar 2013
Ruling to eliminate deficiencies 24 Apr 2013 Deficiencies eliminated
28 Mar 2013
PDF
Ä 10132083 / 3
8 Feb 2012
Amendment entry In force
8 Feb 2012
PDF
Ä 10132083 / 2
6 Feb 2012
Amendment entry In force
6 Feb 2012
PDF
K 10153288
25 Feb 2011
Commercial pledge entered In force
25 Feb 2011
PDF
Ä 132083
27 Jul 2009
First entry In force
27 Jul 2009
PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data