Danbalt Shoes OÜ

Active Registry code 12557618 OÜ Tallinn Registered 22 Oct 2013

Danbalt Shoes OÜ is a OÜ based in Tallinn, registry code 12557618, status: active. Main activity: Retail sale of footwear and leather goods. According to EMTA, turnover for Q3 2026 was €1 809 250 with 51 employees.

Turnover

1 809 250 €

↓ 19.5% vs Q2 2026

State taxes

297 971 €

↑ 37.6% vs Q2 2026

Labour taxes

95 805 €

↑ 32.2% vs Q2 2026

Employees

+4 vs Q2 2026

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

Position in the industry Retail trade · EMTAK 47

Turnover · Q3 2026 1.8 mn €

above 98% of companies

industry median 23 652 € · companies in the industry: 7 652
Labour taxes per employee 1 879 €

above 73% of companies

industry median 1 201 € · companies in the industry: 4 663
Revenue · 2025 3.7 mn €

above 98% of companies

industry median 16 974 € · companies in the industry: 13 500
Net profit margin · 2025 5.9 %

above 67% of companies

industry median 1.3 % · companies in the industry: 9 480

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 809 250 € · −19.5% vs Q2 2026 · industry median 23 652 € · above 98% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 1 879 € · +21.8% vs Q2 2026 · industry median 1 201 € · above 73% of the industry

Company
Industry median

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

Employees Q3 2026: 51 · +8.5% vs Q2 2026

State taxes, € thousand Q3 2026: 297 971 € · +37.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 809 250	297 971	95 805	51
Q2 2026	2 248 128	216 595	72 479	47
Q1 2026	1 196 733	186 893	82 466	40
Q4 2025	1 802 671	287 588	76 529	39
Q3 2025	1 527 483	249 184	74 352	32
Q2 2025	1 462 908	180 139	63 131	31
Q1 2025	1 040 313	197 374	77 720	32
Q4 2024	1 832 000	243 809	61 451	30
Q3 2024	1 325 474	212 628	63 559	30
Q2 2024	1 371 472	192 791	50 127	29
Q1 2024	1 172 775	169 801	63 728	29
Q4 2023	1 720 569	231 670	60 864	30
Q3 2023	1 348 691	225 704	63 413	30
Q2 2023	1 346 074	179 480	57 203	31
Q1 2023	1 311 612	220 324	73 107	31
Q4 2022	2 028 676	256 358	63 613	32
Q3 2022	1 875 516	271 305	68 064	32
Q2 2022	1 586 129	156 109	43 845	39
Q1 2022	1 166 573	165 557	51 446	31

Labour taxes per employee per month

626 €

Turnover per employee in the quarter

35 475 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 3 696 413 € · +0.7% vs 2024 · industry median 16 974 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 217 705 € · −53.3% vs 2024 · industry median 0 € · above 98% of the industry

Company
Industry median

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

Net profit margin, % 2025: 5.9 % · −6.8 pp vs the year before · industry median 1.3 % · above 67% of the industry

Company
Industry median

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

Assets, € thousand 2025: 1 740 244 € · +15.3% vs 2024

Equity, € thousand 2025: 1 516 772 € · +16.8% vs 2024

Employees 2025: 27 · +17.4% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Retail 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
2025	3 696 413	217 705	755 131	1 740 244	1 516 772	27
2024	3 672 334	465 936	665 030	1 509 475	1 299 066	23
2023	3 845 241	265 545	653 766	1 088 363	854 265	23
2022	4 174 675	377 062	641 404	1 297 698	588 720	26
2021	2 836 023	259 658	483 412	1 269 761	211 658	23
2020	1 956 774	-221 928	460 935	667 687	-48 000	27
2019	2 674 835	-162 494	512 259	829 489	-276 072	32
2018	—	—	—	—	—	35
2017	—	—	—	—	—	28
2016	—	—	—	—	—	19
2015	—	—	—	—	—	18
2014	—	—	—	—	—	12

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

5.9 %

Net profit / revenue

Return on equity (ROE)

14.4 %

Net profit / equity

Return on assets (ROA)

12.5 %

Net profit / assets

Equity ratio

87.2 %

Equity / assets

Debt ratio

12.8 %

Liabilities / assets

Current ratio

6.94

Current assets / current liabilities

Revenue per employee

136 904 €

Revenue / average full-time employees

Labour cost per employee per month

2 331 €

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	5 May 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	8 Apr 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	30 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	28 Apr 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	20 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	18 Jul 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	14 Sep 2020	Company’s own · audited	e-Äriregister

Board

Rytis Širvaitis
Board member · since 30 Oct 2013

Right of representation

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

Owners

UAB "Danbalt International"
Legal person · 2 556 €

100%

Beneficial owners

Rytis Širvaitis
Indirect ownership · LTU · since 25 Apr 2024
Rytis Širvaitis
Direct ownership · LTU · since 15 Oct 2018

Founders and other persons

Osaühing Artwall ALT
Founder · 2 556 € · 21 Oct 2013
Vadim Dontševski
Audit firm · 1 Jan 2018
DNW Audit OÜ
Audit firm · 1 Jan 2018

shared board members, owners or beneficial owners

Activities (EMTAK)

47721Retail sale of footwear and leather goods Main
46161Activities of agents involved in the wholesale of textiles, clothing, fur, footwear and leather goods

Rulings 16

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10188919 / 13 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
K 10188919 / 12 23 Sep 2021	Commercial pledge deleted		In force 23 Sep 2021	PDF
Ä 10188919 / 11 25 Sep 2020	Amendment under Commercial Code § 525 (2)		In force 25 Sep 2020	PDF
Ä 10188919 / 10 7 Aug 2020	Amendment entry		In force 7 Aug 2020	PDF
Ä 10188919 / M3 14 Jan 2020	Public service of a ruling in Ametlikud Teadaanded		In force 14 Jan 2020	PDF
Ä 10188919 / M2 5 Nov 2019	Warning of compulsory dissolution: insufficient net assets	8 May 2020	Deficiencies eliminated 28 Nov 2020	PDF
Ä 10188919 / 9 30 Nov 2018	Amendment entry		In force 30 Nov 2018	PDF
Ä 10188919 / 8 5 Jul 2018	Amendment entry		In force 5 Jul 2018	PDF
Ä 10188919 / 7 19 Jan 2018	Amendment entry		In force 19 Jan 2018	PDF
Ä 10188919 / 6 6 Dec 2017	Amendment entry		In force 6 Dec 2017	PDF
Ä 10188919 / 5 16 Sep 2016	Amendment entry		In force 16 Sep 2016	PDF
Ä 10188919 / M1 1 Jul 2016	Ruling to correct data outside an entry	31 Jul 2016	Deficiencies eliminated 6 Jul 2016	PDF
K 10188919 / 4 5 Apr 2016	Commercial pledge entered		In force 5 Apr 2016	PDF
Ä 10188919 / 3 29 Apr 2014	Amendment under Commercial Code § 525 (2)		In force 29 Apr 2014	PDF
Ä 10188919 / 2 30 Oct 2013	Amendment entry		In force 30 Oct 2013	PDF
Ä 10188919 22 Oct 2013	First entry		In force 22 Oct 2013	PDF

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

Danbalt Shoes OÜ

Position in the industry Retail trade · EMTAK 47

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 16