SmartLynx Airlines Estonia OÜ
SmartLynx Airlines Estonia OÜ is a OÜ based in Tallinn, registry code 12264460, status: bankrupt. Main activity: Other service activities incidental to air transportation. According to EMTA, turnover for Q3 2026 was €21 494 with employees.
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 21 494 €above 40% of companiesindustry median 38 439 € · companies in the industry: 1 299
- Revenue · 2023 86 mn €above 98% of companiesindustry median 39 956 € · companies in the industry: 2 099
- Net profit margin · 2023 0.6 %above 36% of companiesindustry median 3.9 % · companies in the industry: 1 574
Taxes and turnover
- Company
- Industry median
Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Warehousing, storage and support activities for transportation (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 | 21 494 | 3 928 | 3 705 | — |
| Q2 2026 | — | — | — | — |
| Q1 2026 | — | 328 | 509 | 9 |
| Q4 2025 | 14 927 260 | 24 208 | 27 424 | 10 |
| Q3 2025 | 14 632 289 | 30 378 | 33 020 | 14 |
| Q2 2025 | 12 296 284 | 34 005 | 36 491 | 14 |
| Q1 2025 | 16 812 998 | 32 063 | 34 263 | 11 |
| Q4 2024 | 21 241 257 | 68 039 | 71 110 | 10 |
| Q3 2024 | 40 092 151 | 55 034 | 57 508 | 10 |
| Q2 2024 | 26 599 553 | 54 412 | 57 114 | 9 |
| Q1 2024 | 30 037 805 | 45 456 | 47 890 | 9 |
| Q4 2023 | 20 311 279 | 51 112 | 53 790 | 8 |
| Q3 2023 | 25 250 825 | 47 690 | 50 323 | 9 |
| Q2 2023 | 4 868 137 | 48 549 | 51 113 | 10 |
| Q1 2023 | 7 436 051 | 44 580 | 46 930 | 9 |
| Q4 2022 | 12 410 574 | 45 687 | 48 203 | 8 |
| Q3 2022 | 29 672 030 | 40 903 | 43 204 | 8 |
| Q2 2022 | 15 741 948 | 32 936 | 34 809 | 7 |
| Q1 2022 | 19 973 685 | 17 798 | 18 581 | 6 |
Financials by year
- Company
- Industry median
Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Warehousing, storage and support activities for transportation (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 |
|---|---|---|---|---|---|---|
| 2023 | 86 001 684 | 555 127 | 500 737 | 13 963 031 | 4 526 567 | 11 |
| 2022 | 56 178 764 | 363 710 | 406 883 | 10 261 090 | 3 971 440 | 9 |
| 2021 | 36 529 652 | 55 442 | 101 573 | 6 593 677 | 3 607 730 | 3 |
| 2020 | 15 060 145 | 207 742 | 194 920 | 6 767 476 | 3 552 288 | 7 |
| 2019 | 97 888 317 | 1 490 541 | 370 584 | 7 808 344 | 3 344 546 | 11 |
| 2018 | — | — | — | — | — | 8 |
| 2017 | — | — | — | — | — | 8 |
| 2016 | — | — | — | — | — | 8 |
| 2015 | — | — | — | — | — | 8 |
| 2014 | — | — | — | — | — | 7 |
| 2013 | — | — | — | — | — | 6 |
| 2012 | — | — | — | — | — | 5 |
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2023
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 11 Jul 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 14 Jul 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 29 Sep 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 29 Dec 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 21 Aug 2020 | Company’s own · audited | e-Äriregister |
Board
- Edvinas DemeniusBoard member · since 15 Feb 2024
- Indrek LepsooBankruptcy trustee · since 25 Mar 2026
Right of representation
Any member of the management board may represent the private limited company in all transactions.
Owners
- Stichting Break Point Distressed Assets ManagementLegal person · 9 833 €
- Edvinas DemeniusNatural person · 500 €
- Mindaugas KazakeviciusNatural person · 500 €
Beneficial owners
- Elias HeracleousIndirect ownership · CYP · since 25 Nov 2025
- Maria XeniIndirect ownership · CYP · since 25 Nov 2025
Founders and other persons
- Smartlynx Airlines SIAFounder · 2 500 € · 3 Apr 2012
- Kristel ViruMember of the bankruptcy committee · 27 Apr 2026
- Sander PotiseppMember of the bankruptcy committee · 27 Apr 2026
- Toomas MälbergMember of the bankruptcy committee · 27 Apr 2026
Related companies
Activities (EMTAK)
- 52239Other service activities incidental to air transportation Main
History of changes
| What | Value | Period |
|---|---|---|
| Status | Bankrupt | 25 Mar 2026 – now |
| Status | Active | 11 Apr 2012 – now |
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10167787 / 16 18 Jun 2026 |
Entry made by the register on its own initiative | In force 18 Jun 2026 |
||
| Ä 10167787 / 15 25 Mar 2026 |
Entry to enforce another court decision | In force 25 Mar 2026 |
||
| Ä 10167787 / M6 21 Nov 2025 |
Ruling to be served | In force 10 Dec 2025 |
||
| Ä 10167787 / M5 24 Oct 2025 |
Ruling to eliminate deficiencies | 3 Dec 2025 | In force 19 Nov 2025 |
|
| Ä 10167787 / 14 5 Sep 2025 |
Amendment entry | In force 5 Sep 2025 |
||
| Ä 10167787 / M4 1 Sep 2025 |
Procedural ruling | 8 Sep 2025 | Deficiencies eliminated 1 Sep 2025 |
|
| Ä 10167787 / 13 30 Apr 2025 |
Amendment entry | In force 30 Apr 2025 |
||
| Ä 10167787 / M3 9 Jul 2024 |
Warning of a fine: annual report not filed | 8 Aug 2024 | Deficiencies eliminated 13 Jul 2024 |
|
| Ä 10167787 / 12 26 Jun 2024 |
Amendment entry | In force 26 Jun 2024 |
||
| Ä 10167787 / 11 26 Feb 2024 |
Amendment under Code of Civil Procedure § 595¹ (1) | In force 26 Feb 2024 |
||
| Ä 10167787 / 10 15 Feb 2024 |
Amendment entry | In force 15 Feb 2024 |
||
| Ä 10167787 / M2 14 Feb 2024 |
Ruling to eliminate deficiencies | Deficiencies eliminated 14 Feb 2024 |
||
| Ä 10167787 / 9 1 Sep 2023 |
Amendment entry | In force 1 Sep 2023 |
||
| Ä 10167787 / 8 11 Dec 2020 |
Amendment entry | In force 11 Dec 2020 |
||
| Ä 10167787 / M1 8 Dec 2020 |
Procedural ruling | 23 Dec 2020 | Deficiencies eliminated 9 Dec 2020 |
|
| Ä 10167787 / 7 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10167787 / 6 2 Dec 2017 |
Amendment entry | In force 2 Dec 2017 |
||
| Ä 10167787 / 5 15 Sep 2016 |
Amendment entry | In force 15 Sep 2016 |
||
| Ä 10167787 / 4 7 Jul 2016 |
Amendment entry | In force 7 Jul 2016 |
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| Ä 10167787 / 3 16 Oct 2015 |
Amendment entry | In force 16 Oct 2015 |
||
| Ä 10167787 / 2 29 Jul 2013 |
Amendment under Commercial Code § 525 (2) | In force 29 Jul 2013 |
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| Ä 10167787 11 Apr 2012 |
First entry | In force 11 Apr 2012 |
Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data