AS SmartCap
Active Registry code 12071991
AS Tallinn Registered 10 Mar 2011
AS SmartCap is a AS based in Tallinn, registry code 12071991, status: active. Main activity: Fund management activities. According to EMTA, turnover for Q3 2026 was €34 188 with 18 employees.
Turnover
34 188 €
↓ 17.1% vs Q2 2026
State taxes
161 796 €
↓ 31.1% vs Q2 2026
Labour taxes
168 225 €
↓ 31.5% vs Q2 2026
Employees
18
+1 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 34 188 €above 68% of companiesindustry median 13 814 € · companies in the industry: 339
- Labour taxes per employee 9 346 €above 88% of companiesindustry median 2 338 € · companies in the industry: 272
- Revenue · 2025 3.6 mn €above 98% of companiesindustry median 3 200 € · companies in the industry: 1 215
- Net profit margin · 2025 15.9 %above 44% of companiesindustry median 23.7 % · companies in the industry: 667
Taxes and turnover
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (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 | 34 188 | 161 796 | 168 225 | 18 |
| Q2 2026 | 41 252 | 234 879 | 245 560 | 17 |
| Q1 2026 | 69 626 | 182 786 | 174 505 | 16 |
| Q4 2025 | 282 814 | 217 549 | 162 813 | 16 |
| Q3 2025 | 27 036 | 170 864 | 176 530 | 15 |
| Q2 2025 | 33 001 | 177 532 | 184 852 | 14 |
| Q1 2025 | 35 492 | 115 974 | 113 510 | 13 |
| Q4 2024 | 56 165 | 108 698 | 102 258 | 10 |
| Q3 2024 | 30 721 | 81 857 | 80 881 | 11 |
| Q2 2024 | 27 507 | 111 882 | 110 037 | 10 |
| Q1 2024 | 49 048 | 93 242 | 84 383 | 11 |
| Q4 2023 | 25 236 | 68 365 | 67 489 | 10 |
| Q3 2023 | 16 613 | 81 372 | 83 577 | 9 |
| Q2 2023 | 33 707 | 98 623 | 97 207 | 9 |
| Q1 2023 | 31 401 | 59 449 | 56 336 | 8 |
| Q4 2022 | 11 684 | 54 801 | 55 975 | 6 |
| Q3 2022 | 8 628 | 46 059 | 46 975 | 6 |
| Q2 2022 | 8 396 | 60 564 | 62 318 | 5 |
| Q1 2022 | 27 457 | 47 789 | 44 474 | 5 |
Labour taxes per employee per month
3 115 €
Turnover per employee in the quarter
1 899 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (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 | 3 560 297 | 566 609 | 1 561 701 | 5 095 583 | 4 621 201 | 14 |
| 2024 | 2 719 272 | 785 578 | 942 673 | 4 456 692 | 4 054 592 | 9 |
| 2023 | 2 231 691 | 748 645 | 765 605 | 3 541 578 | 3 269 014 | 7 |
| 2022 | 1 098 028 | 152 931 | 543 051 | 2 734 453 | 2 520 369 | 5 |
| 2021 | 684 846 | 124 139 | 305 428 | 2 532 755 | 2 367 438 | 4 |
| 2020 | 784 059 | 258 144 | 303 624 | 2 347 866 | 2 243 299 | 4 |
| 2019 | 790 206 | 377 151 | 228 788 | 2 050 746 | 1 985 155 | 3 |
| 2018 | — | — | — | — | — | 3 |
| 2017 | — | — | — | — | — | 4 |
| 2016 | — | — | — | — | — | 5 |
| 2015 | — | — | — | — | — | 5 |
| 2014 | — | — | — | — | — | 5 |
| 2013 | — | — | — | — | — | 5 |
| 2012 | — | — | — | — | — | 5 |
| 2011 | — | — | — | — | — | 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
15.9 %
Net profit / revenue
Return on equity (ROE)
12.3 %
Net profit / equity
Return on assets (ROA)
11.1 %
Net profit / assets
Equity ratio
90.7 %
Equity / assets
Debt ratio
9.3 %
Liabilities / assets
Current ratio
10.74
Current assets / current liabilities
Revenue per employee
254 307 €
Revenue / average full-time employees
Labour cost per employee per month
9 296 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 5 May 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 30 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 27 Jun 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 30 Jun 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 9 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 | 16 Jun 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Mari KuhiBoard member · since 21 Nov 2024
- Patrik Aslak Alarik LoukoBoard member · since 16 Sep 2026
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 8.86%
- 9.16%
- 5.39%
- 6.17%
- 2.47%
- 5.69%
- 7.81%
- 8.93%
- 0.92%
- 10.46%
- 9.89%
- 4.59%
- 6.29%
- 37.51%
- 7.31%
- 6.59%
Beneficial owners
- Patrik Aslak Alarik LoukoMember of a senior management body (management or supervisory board) · since 24 Sep 2026
- Kärt SiilatsMember of a senior management body (management or supervisory board) · since 27 May 2026
- Ursel VelveMember of a senior management body (management or supervisory board) · since 5 Nov 2025
- Lauri Matias KailaMember of a senior management body (management or supervisory board) · since 31 Jan 2025
- Mari KuhiMember of a senior management body (management or supervisory board) · since 31 Jan 2025
- Ahti KuningasMember of a senior management body (management or supervisory board) · since 25 Mar 2024
- Priit PõldojaMember of a senior management body (management or supervisory board) · since 19 Nov 2019
Founders and other persons
- Eesti ArengufondFounder · 125 000 € · 7 Mar 2011
- KPMG Baltics OÜAudit firm · 30 Nov 2017
- Kärt SiilatsChairman of the supervisory board · 8 May 2026
- Ahti KuningasSupervisory board member · 20 Nov 2023
- Lauri Matias KailaSupervisory board member · 10 Jan 2025
- Ursel VelveSupervisory board member · 7 Oct 2025
- Priit PõldojaSupervisory board member · 8 May 2026
- Omanikukonto: ETTEVÕTLUSE JA INNOVATSIOONI SIHTASUTUSShareholder · 325 000 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 66301Fund management activities Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10153757 / 23 16 Sep 2026 |
Amendment entry | In force 16 Sep 2026 |
||
| Ä 10153757 / 22 15 Jul 2026 |
Amendment entry | In force 15 Jul 2026 |
||
| Ä 10153757 / M8 8 Jul 2026 |
Ruling to eliminate deficiencies | 23 Jul 2026 | Deficiencies eliminated 15 Jul 2026 |
|
| Ä 10153757 / 21 21 Nov 2024 |
Amendment entry | In force 21 Nov 2024 |
||
| Ä 10153757 / M7 21 Oct 2024 |
Ruling to eliminate deficiencies | 5 Nov 2024 | In force 6 Nov 2024 |
|
| Ä 10153757 / 20 1 Nov 2022 |
Amendment under Commercial Code § 525 (2) | In force 1 Nov 2022 |
||
| Ä 10153757 / M6 4 Oct 2022 |
Ruling to correct data outside an entry | 14 Oct 2022 | Deficiencies eliminated 21 Oct 2022 |
|
| Ä 10153757 / M5 14 Apr 2022 |
Ruling to correct data outside an entry | 4 May 2022 | In force 14 Apr 2022 |
|
| Ä 10153757 / M4 12 Nov 2020 |
Ruling to correct data outside an entry | 26 Nov 2020 | Deficiencies eliminated 16 Nov 2020 |
|
| Ä 10153757 / M3 23 Apr 2020 |
Ruling to correct data outside an entry | 23 May 2020 | Deficiencies eliminated 27 Apr 2020 |
|
| Ä 10153757 / 19 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10153757 / 18 1 Dec 2017 |
Amendment entry | In force 1 Dec 2017 |
||
| Ä 10153757 / 17 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10153757 / 16 28 Jun 2017 |
Amendment entry | In force 28 Jun 2017 |
||
| Ä 10153757 / 15 6 Jan 2017 |
Amendment entry | In force 6 Jan 2017 |
||
| Ä 10153757 / 14 2 Dec 2016 |
Amendment under Commercial Code § 525 (2) | In force 2 Dec 2016 |
||
| Ä 10153757 / 13 29 Sep 2016 |
Amendment entry | In force 29 Sep 2016 |
||
| Ä 10153757 / 12 21 Dec 2015 |
Amendment entry | In force 21 Dec 2015 |
||
| Ä 10153757 / M2 15 Dec 2015 |
Ruling to eliminate deficiencies | 30 Dec 2015 | Deficiencies eliminated 21 Dec 2015 |
|
| Ä 10153757 / 11 24 Sep 2014 |
Amendment entry | In force 24 Sep 2014 |
||
| Ä 10153757 / 10 29 Jul 2014 |
Amendment entry | In force 29 Jul 2014 |
||
| Ä 10153757 / 9 15 May 2014 |
Amendment entry | In force 15 May 2014 |
||
| Ä 10153757 / 8 17 Apr 2014 |
Amendment entry | In force 17 Apr 2014 |
||
| Ä 10153757 / 7 4 Nov 2013 |
Amendment entry | In force 4 Nov 2013 |
||
| Ä 10153757 / 6 17 Oct 2013 |
Amendment entry | In force 17 Oct 2013 |
||
| Ä 10153757 / 5 15 Aug 2013 |
Amendment under Commercial Code § 525 (2) | In force 15 Aug 2013 |
||
| Ä 10153757 / 4 9 Jul 2012 |
Amendment entry | In force 9 Jul 2012 |
||
| Ä 10153757 / 3 22 May 2012 |
Amendment entry | In force 22 May 2012 |
||
| Ä 10153757 / M1 17 May 2012 |
Ruling to eliminate deficiencies | 11 Jun 2012 | In force 17 May 2012 |
|
| Ä 10153757 / 2 7 Dec 2011 |
Amendment entry | In force 7 Dec 2011 |
||
| Ä 10153757 10 Mar 2011 |
First entry | In force 10 Mar 2011 |
Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data