Baltvel Group OÜ

Active Registry code 12543438 OÜ Tallinn Registered 26 Sep 2013

Baltvel Group OÜ is a OÜ based in Tallinn, registry code 12543438, status: active. Main activity: Wholesale of other intermediate products. According to EMTA, turnover for Q3 2026 was €50 269 with employees.

Turnover

50 269 €

↑ 1.6% vs Q2 2026

State taxes

12 065 €

↑ 1.5% vs Q2 2026

Labour taxes

0 €

Employees

—

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

Position in the industry Wholesale trade · EMTAK 46

Turnover · Q3 2026 50 269 €

above 47% of companies

industry median 60 065 € · companies in the industry: 6 941
Revenue · 2025 204 359 €

above 63% of companies

industry median 63 691 € · companies in the industry: 10 038
Net profit margin · 2025 11.8 %

above 76% of companies

industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 50 269 € · +1.6% vs Q2 2026 · industry median 60 065 € · above 47% 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.

State taxes, € Q3 2026: 12 065 € · +1.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	50 269	12 065	—	—
Q2 2026	49 500	11 884	—	—
Q1 2026	33 561	8 057	—	—
Q4 2025	75 776	18 188	—	—
Q3 2025	34 224	7 529	—	—
Q2 2025	37 572	8 267	—	—
Q1 2025	100 030	22 011	—	—
Q4 2024	32 676	7 189	—	—
Q3 2024	39 732	8 743	—	—
Q2 2024	39 380	8 664	—	—
Q1 2024	58 000	12 281	—	—
Q4 2023	36 000	7 200	—	—

Financials by year

2016 – 2025

Revenue, € thousand 2025: 204 359 € · −0.4% vs 2024 · industry median 63 691 € · above 63% 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, € 2025: 24 176 € · −34.4% vs 2024 · industry median 127 € · above 77% 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, % 2025: 11.8 % · −6.1 pp vs the year before · industry median 2.7 % · above 76% 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, € 2025: 93 263 € · +19.1% vs 2024

Equity, € 2025: 89 381 € · +37.1% vs 2024

Employees 2025: 0 · industry median 2 · above 2% 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, €
2025	204 359	24 176	0	93 263	89 381
2024	205 200	36 851	0	78 275	65 205
2023	96 000	25 851	0	33 154	28 354
2022	0	0	0	2 503	2 503
2021	0	0	0	2 503	2 503
2020	0	0	0	2 503	2 503
2019	0	0	0	2 503	2 503
2018	—	—	—	—	—
2017	—	—	—	—	—
2016	—	—	—	—	—
2015	—	—	—	—	—
2014	—	—	—	—	—

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

11.8 %

Net profit / revenue

Return on equity (ROE)

27.0 %

Net profit / equity

Return on assets (ROA)

25.9 %

Net profit / assets

Equity ratio

95.8 %

Equity / assets

Debt ratio

4.2 %

Liabilities / assets

Current ratio

24.02

Current assets / current liabilities

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	28 May 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	15 Jul 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	22 Mar 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	11 May 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	24 Mar 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	5 May 2020	Company’s own	e-Äriregister

Board

Jekaterina Velinski
Board member · since 26 Sep 2013

Right of representation

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

Owners

Jekaterina Velinski
Natural person · 2 500 €

100%

Beneficial owners

Katerina Velinski
Direct ownership · since 14 Jun 2024

Founders and other persons

Jekaterina Velinski
Founder · 2 500 € · 16 Sep 2013

Activities (EMTAK)

46861Wholesale of other intermediate products Main

Rulings 8

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10187678 / M2 10 Jul 2024	Warning of deletion from the register: annual report not filed	13 Oct 2024	Deficiencies eliminated 17 Jul 2024	PDF
Ä 10187678 / 6 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
Ä 10187678 / 5 28 Nov 2018	Amendment under Commercial Code § 525 (2)		In force 28 Nov 2018	PDF
Ä 10187678 / 4 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 10187678 / 3 6 Dec 2017	Amendment entry		In force 6 Dec 2017	PDF
Ä 10187678 / 2 13 Jan 2016	Amendment entry		In force 13 Jan 2016	PDF
Ä 10187678 26 Sep 2013	First entry		In force 26 Sep 2013	PDF
Ä 10187678 / M1 19 Sep 2013	Ruling to eliminate deficiencies	19 Oct 2013	Deficiencies eliminated 23 Sep 2013	PDF

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