Arrow ECS Baltic OÜ

Active Registry code 12141384 OÜ Tallinn Registered 2 Aug 2011

Arrow ECS Baltic OÜ is a OÜ based in Tallinn, registry code 12141384, status: active. Main activity: Construction of utility projects for electricity and telecommunications. According to EMTA, turnover for Q3 2026 was €43 701 152 with 51 employees.

Turnover

43 701 152 €

↑ 35.5% vs Q2 2026

State taxes

2 158 453 €

↑ 19.8% vs Q2 2026

Labour taxes

262 320 €

↑ 10.8% vs Q2 2026

Employees

+1 vs Q2 2026

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

Position in the industry Civil engineering · EMTAK 42

Turnover · Q3 2026 43.7 mn €

above 98% of companies

industry median 52 240 € · companies in the industry: 1 125
Labour taxes per employee 5 144 €

above 93% of companies

industry median 1 750 € · companies in the industry: 933
Revenue · 2025 79.6 mn €

above 98% of companies

industry median 88 960 € · companies in the industry: 1 426
Net profit margin · 2025 4.0 %

above 46% of companies

industry median 5.0 % · companies in the industry: 1 185

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 43 701 152 € · +35.5% vs Q2 2026 · industry median 52 240 € · above 98% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 5 144 € · +8.7% vs Q2 2026 · industry median 1 750 € · above 93% of the industry

Company
Industry median

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

Employees Q3 2026: 51 · +2.0% vs Q2 2026

State taxes, € thousand Q3 2026: 2 158 453 € · +19.8% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	43 701 152	2 158 453	262 320	51
Q2 2026	32 261 761	1 801 306	236 660	50
Q1 2026	58 189 541	2 892 605	249 251	52
Q4 2025	32 545 824	1 983 135	269 777	55
Q3 2025	32 015 654	1 666 269	256 638	55
Q2 2025	24 266 822	1 422 859	217 405	51
Q1 2025	35 126 990	1 736 844	216 904	43
Q4 2024	25 176 069	1 222 571	215 902	44
Q3 2024	23 503 442	1 155 570	207 000	47
Q2 2024	16 911 377	967 657	191 729	45
Q1 2024	29 448 974	1 007 851	186 659	45
Q4 2023	17 706 892	974 263	178 969	44
Q3 2023	16 071 027	998 053	184 466	45
Q2 2023	12 318 205	735 854	174 822	46
Q1 2023	25 700 695	1 600 978	174 262	43
Q4 2022	19 173 598	894 737	161 827	42
Q3 2022	13 806 277	714 188	151 789	41
Q2 2022	9 211 243	778 771	147 904	39
Q1 2022	15 357 934	883 381	138 091	39

Labour taxes per employee per month

1 715 €

Turnover per employee in the quarter

856 885 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 79 645 048 € · +36.5% vs 2024 · industry median 88 960 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 3 152 089 € · +16.4% vs 2024 · industry median 2 500 € · above 98% of the industry

Company
Industry median

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

Net profit margin, % 2025: 4.0 % · −0.7 pp vs the year before · industry median 5.0 % · above 46% of the industry

Company
Industry median

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

Assets, € thousand 2025: 37 667 753 € · +39.3% vs 2024

Equity, € thousand 2025: 13 835 137 € · +29.5% vs 2024

Employees 2025: 59 · +25.5% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Civil engineering (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	79 645 048	3 152 089	3 415 045	37 667 753	13 835 137	59
2024	58 341 620	2 708 722	2 589 823	27 039 745	10 683 048	47
2023	41 568 402	2 375 608	1 701 388	19 578 834	7 974 326	42
2022	33 818 349	1 614 706	1 474 937	15 464 478	5 598 718	42
2021	23 946 268	1 050 803	1 103 518	10 178 817	3 984 012	30
2020	18 382 930	835 088	881 230	5 762 244	2 933 209	26
2019	13 796 508	420 557	656 612	5 181 310	2 098 121	20
2018	—	—	—	—	—	10
2017	—	—	—	—	—	2
2016	—	—	—	—	—	2
2015	—	—	—	—	—	3
2014	—	—	—	—	—	4
2013	—	—	—	—	—	4
2012	—	—	—	—	—	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 2025

Net profit margin

4.0 %

Net profit / revenue

Return on equity (ROE)

22.8 %

Net profit / equity

Return on assets (ROA)

8.4 %

Net profit / assets

Equity ratio

36.7 %

Equity / assets

Debt ratio

63.3 %

Liabilities / assets

Current ratio

1.58

Current assets / current liabilities

Revenue per employee

1 349 916 €

Revenue / average full-time employees

Labour cost per employee per month

4 824 €

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	30 Jun 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	26 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	16 Apr 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	22 Mar 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 Mar 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	18 May 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	27 May 2020	Company’s own · audited	e-Äriregister

Board

Jyrki Antero Korhonen
Board member · since 15 Nov 2022
Petri Mikael Siitonen
Board member · since 23 Sep 2024
John Normann Refsgaard
Board member · since 4 Mar 2025
Stefan Høg
Board member · since 4 Mar 2025

Right of representation

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

Owners

ARROW ECS NORDIC A/S
Legal person · 2 500 €

100%

Beneficial owners

Christopher David Stansbury
Member of a senior management body (management or supervisory board) · USA · since 1 Nov 2018

Founders and other persons

ARROW ECS NORDIC A/S
Founder · 2 500 € · 27 Jul 2011

Activities (EMTAK)

42221Construction of utility projects for electricity and telecommunications Main

Rulings 16

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 10158704 / 16 4 Mar 2025	Amendment entry	In force 4 Mar 2025	PDF
Ä 10158704 / 15 23 Sep 2024	Amendment entry	In force 23 Sep 2024	PDF
Ä 10158704 / 14 2 Sep 2023	Amendment entry	In force 2 Sep 2023	PDF
Ä 10158704 / 13 15 Nov 2022	Amendment entry	In force 15 Nov 2022	PDF
Ä 10158704 / 12 6 Oct 2020	Amendment entry	In force 6 Oct 2020	PDF
Ä 10158704 / 11 10 Jun 2020	Amendment entry	In force 10 Jun 2020	PDF
Ä 10158704 / 10 14 Jun 2019	Amendment entry	In force 14 Jun 2019	PDF
Ä 10158704 / 9 24 Oct 2018	Amendment entry	In force 24 Oct 2018	PDF
Ä 10158704 / 8 19 Jan 2018	Amendment entry	In force 19 Jan 2018	PDF
Ä 10158704 / 7 17 Jan 2018	Amendment entry	In force 17 Jan 2018	PDF
Ä 10158704 / 6 2 Dec 2017	Amendment entry	In force 2 Dec 2017	PDF
Ä 10158704 / 5 13 Jul 2017	Amendment entry	In force 13 Jul 2017	PDF
Ä 10158704 / 4 13 Jul 2017	Amendment entry	In force 13 Jul 2017	PDF
Ä 10158704 / 3 31 Aug 2016	Amendment entry	In force 31 Aug 2016	PDF
Ä 10158704 / 2 16 Sep 2011	Amendment under Commercial Code § 525 (2)	In force 16 Sep 2011	PDF
Ä 10158704 2 Aug 2011	First entry	In force 2 Aug 2011	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data