MK Illumination Baltic AS

Active Registry code 11943532 AS Tallinn Registered 19 May 2010

MK Illumination Baltic AS is a AS based in Tallinn, registry code 11943532, status: active. Main activity: Wholesale of electrical material and their requisites and electrical machines, including cables. According to EMTA, turnover for Q3 2026 was €31 354 with 1 employees.

Turnover

31 354 €

↓ 82.5% vs Q2 2026

State taxes

10 402 €

↓ 30.4% vs Q2 2026

Labour taxes

10 449 €

↑ 5.7% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

Turnover · Q3 2026 31 354 €

above 40% of companies

industry median 60 065 € · companies in the industry: 6 941
Labour taxes per employee 10 449 €

above 98% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2026 808 579 €

above 67% of companies

industry median 111 625 € · companies in the industry: 126
Net profit margin · 2026 1.6 %

above 42% of companies

industry median 2.5 % · companies in the industry: 98

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 31 354 € · −82.5% vs Q2 2026 · industry median 60 065 € · above 40% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 10 449 € · +5.7% vs Q2 2026 · industry median 2 104 € · above 98% of the industry

Company
Industry median

Industry: Wholesale trade (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

State taxes, € Q3 2026: 10 402 € · −30.4% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	31 354	10 402	10 449	1
Q2 2026	179 491	14 941	9 882	1
Q1 2026	660 957	36 940	18 143	1
Q4 2025	427 665	15 127	15 337	2
Q3 2025	62 703	15 273	15 337	2
Q2 2025	178 161	15 779	15 337	2
Q1 2025	572 918	27 220	15 856	2
Q4 2024	390 817	14 029	14 523	2
Q3 2024	81 537	16 368	16 968	2
Q2 2024	37 736	12 923	14 414	2
Q1 2024	709 075	47 084	14 938	2
Q4 2023	637 042	15 607	12 630	2
Q3 2023	166 861	12 192	12 600	2
Q2 2023	185 798	11 994	12 362	2
Q1 2023	198 566	12 120	11 168	2
Q4 2022	357 051	10 110	10 480	2
Q3 2022	114 530	6 311	6 562	2
Q2 2022	139 442	9 048	9 062	1
Q1 2022	346 124	36 692	3 305	2

Labour taxes per employee per month

3 483 €

Turnover per employee in the quarter

31 354 €

Q3 2026 · calculated from EMTA data

Financials by year

2017 – 2026

Revenue, € thousand 2026: 808 579 € · +1.0% vs 2025 · industry median 111 625 € · above 67% of the industry

Company
Industry median

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

Net profit, € thousand 2026: 13 130 € · +9.0% vs 2025 · industry median 488 € · above 65% of the industry

Company
Industry median

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

Net profit margin, % 2026: 1.6 % · +0.1 pp vs the year before · industry median 2.5 % · above 42% of the industry

Company
Industry median

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

Assets, € thousand 2026: 572 470 € · +23.7% vs 2025

Equity, € thousand 2026: 365 269 € · +3.7% vs 2025

Employees 2026: 3 · +0.0% vs 2025 · industry median 3 · above 45% of the industry

Company
Industry median

Industry: Wholesale trade (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
2026	808 579	13 130	144 528	572 470	365 269	3
2025	800 801	12 044	149 505	462 645	352 139	3
2024	946 885	120 073	134 423	472 457	340 095	3
2023	573 256	76 188	96 463	493 768	340 041	2
2022	591 354	19 270	40 592	374 604	263 853	1
2021	639 446	66 637	44 380	510 432	394 583	1
2020	1 057 408	213 241	67 996	515 097	427 946	2
2019	—	—	—	—	—	3
2018	—	—	—	—	—	3
2017	—	—	—	—	—	4
2016	—	—	—	—	—	4
2015	—	—	—	—	—	4
2014	—	—	—	—	—	3
2013	—	—	—	—	—	3
2012	—	—	—	—	—	3
2011	—	—	—	—	—	3

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

Financial ratios for 2026

Net profit margin

1.5 %

Net profit / revenue

Return on equity (ROE)

3.6 %

Net profit / equity

Return on assets (ROA)

2.3 %

Net profit / assets

Equity ratio

63.8 %

Equity / assets

Debt ratio

36.2 %

Liabilities / assets

Current ratio

2.76

Current assets / current liabilities

Revenue per employee

284 834 €

Revenue / average full-time employees

Labour cost per employee per month

4 015 €

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

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Apr 2025 – 31 Mar 2026	24 Aug 2026	Company’s own	e-Äriregister
2024	1 Apr 2024 – 31 Mar 2025	18 Aug 2025	Company’s own	e-Äriregister
2023	1 Apr 2023 – 31 Mar 2024	25 Aug 2024	Company’s own	e-Äriregister
2022	1 Apr 2022 – 31 Mar 2023	15 Jul 2023	Company’s own	e-Äriregister
2021	1 Apr 2021 – 31 Mar 2022	22 Jun 2022	Company’s own	e-Äriregister
2020	1 Apr 2020 – 31 Mar 2021	6 Jul 2021	Company’s own	e-Äriregister
2019	1 Apr 2019 – 31 Mar 2020	18 Sep 2020	Company’s own	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
3	91 000 €	AS SEB Pank	9 Jun 2014 – in force
2	13 000 €	AS SEB Pank	8 Jul 2013 – in force
1	39 000 €	AS SEB Pank	17 Jul 2012 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 27 Sep 2017
Sergei Vassiljev
Board member · since 25 Apr 2022
Dagmar Kruusla
Board member · since 18 Jul 2026

Right of representation

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

Owners

No owner information.

Beneficial owners

Klaus Mark
Indirect ownership · AUT · since 23 Oct 2018
Niclas Johansson
Indirect ownership · SWE · since 23 Oct 2018

Founders and other persons

Olga Šeller
Founder · 156 000 € · 19 May 2010
MK Beteiligungs GmbH
Founder · 468 000 € · 19 May 2010
Marina Lillo
Audit firm · 3 May 2010
Niclas Johansson
Chairman of the supervisory board · 29 Jan 2016
Klaus Mark
Supervisory board member · 29 Jan 2016
Markus Mark
Supervisory board member · 28 Mar 2022
Esindajakonto: Skandinaviska Enskilda Banken AB, Swedish Clients
Shareholder · 49 842 € · 29 Apr 2022

shared board members, owners or beneficial owners

Activities (EMTAK)

46643Wholesale of electrical material and their requisites and electrical machines, including cables Main

Rulings 22

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10143704 / 14 18 Jul 2026	Amendment entry		In force 18 Jul 2026	PDF
Ä 10143704 / 13 20 Sep 2022	Amendment under Commercial Code § 525 (2)		In force 20 Sep 2022	PDF
Ä 10143704 / 12 25 Apr 2022	Amendment entry		In force 25 Apr 2022	PDF
Ä 10143704 / M7 20 Apr 2022	Ruling to eliminate deficiencies	10 May 2022	Deficiencies eliminated 25 Apr 2022	PDF
Ä 10143704 / M6 12 Apr 2022	Procedural ruling	27 Apr 2022	Deficiencies eliminated 19 Apr 2022	PDF
Ä 10143704 / 11 5 Apr 2022	Entry refused		In force 21 Apr 2022	PDF
Ä 10143704 / M5 26 Oct 2018	Procedural ruling		In force 26 Oct 2018	PDF
Ä 10143704 / 10 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10143704 / 9 1 Dec 2017	Amendment entry		In force 1 Dec 2017	PDF
Ä 10143704 / 8 27 Sep 2017	Amendment entry		In force 27 Sep 2017	PDF
Ä 10143704 / 7 14 Sep 2016	Amendment entry		In force 14 Sep 2016	PDF
Ä 10143704 / 6 20 Jul 2016	Amendment entry		In force 20 Jul 2016	PDF
Ä 10143704 / M4 30 Jun 2016	Ruling to eliminate deficiencies	25 Jul 2016	Deficiencies eliminated 20 Jul 2016	PDF
Ä 10143704 / M3 8 Jun 2016	Ruling to eliminate deficiencies	28 Jun 2016	Deficiencies eliminated 20 Jul 2016	PDF
Ä 10143704 / M2 16 May 2016	Ruling to eliminate deficiencies	15 Jun 2016	Deficiencies eliminated 20 Jul 2016	PDF
Ä 10143704 / 5 9 Oct 2014	Amendment entry		In force 9 Oct 2014	PDF
K 10143704 / 4 9 Jun 2014	Commercial pledge entered		In force 9 Jun 2014	PDF
K 10143704 / 3 8 Jul 2013	Commercial pledge entered		In force 8 Jul 2013	PDF
K 10171578 17 Jul 2012	Commercial pledge entered		In force 17 Jul 2012	PDF
Ä 10143704 / 2 14 Mar 2011	Entry made by the register on its own initiative		In force 14 Mar 2011	PDF
Ä 10143704 19 May 2010	First entry		In force 19 May 2010	PDF
Ä 10143704 / M1 10 May 2010	Ruling to eliminate deficiencies		In force 10 May 2010	PDF

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

MK Illumination Baltic AS

Position in the industry Wholesale trade · EMTAK 46

Taxes and turnover

Financials by year

Financial ratios for 2026

Annual reports

Commercial pledges

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 22