Volvax Baltic OÜ

Active Registry code 12609812 OÜ Tallinn Registered 6 Feb 2014
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Volvax Baltic OÜ is a OÜ based in Tallinn, registry code 12609812, status: active. Main activity: Wholesale of motor vehicles. According to EMTA, turnover for Q3 2026 was €14 284 007 with 3 employees.

Turnover
14 284 007 €
↑ 78.0% vs Q2 2026
State taxes
1 734 578 €
↑ 81.6% vs Q2 2026
Labour taxes
27 309 €
↓ 29.7% vs Q2 2026
Employees
3
±0 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

  • Turnover · Q3 2026 14.3 mn €
    industry median 60 065 € · companies in the industry: 6 941
  • Labour taxes per employee 9 103 €
    industry median 2 104 € · companies in the industry: 4 194
  • Revenue · 2025 75.1 mn €
    industry median 63 691 € · companies in the industry: 10 038
  • Net profit margin · 2025 0.0 %
    industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 14 284 007 € · +78.0% vs Q2 2026 · industry median 60 065 € · above 98% of the industry
05 00010 00015 00020 000Q4 2023 Company: 12 359 664 € Industry median: 69 842 €Q4·23Q1 2024 Company: 13 562 103 € Industry median: 60 423 €Q2 2024 Company: 10 857 202 € Industry median: 66 207 €Q2·24Q3 2024 Company: 6 234 083 € Industry median: 63 101 €Q4 2024 Company: 17 435 620 € Industry median: 65 867 €Q4·24Q1 2025 Company: 12 845 655 € Industry median: 59 713 €Q2 2025 Company: 8 225 103 € Industry median: 61 800 €Q2·25Q3 2025 Company: 5 389 807 € Industry median: 59 911 €Q4 2025 Company: 11 964 410 € Industry median: 59 583 €Q4·25Q1 2026 Company: 9 821 321 € Industry median: 53 954 €Q2 2026 Company: 8 026 745 € Industry median: 61 600 €Q2·26Q3 2026 Company: 14 284 007 € Industry median: 60 065 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 17 435 620 € Industry median: 65 867 €Q1 2025 Company: 12 845 655 € Industry median: 59 713 €Q1·25Q2 2025 Company: 8 225 103 € Industry median: 61 800 €Q3 2025 Company: 5 389 807 € Industry median: 59 911 €Q3·25Q4 2025 Company: 11 964 410 € Industry median: 59 583 €Q1 2026 Company: 9 821 321 € Industry median: 53 954 €Q1·26Q2 2026 Company: 8 026 745 € Industry median: 61 600 €Q3 2026 Company: 14 284 007 € Industry median: 60 065 €Q3·26
  • Company
  • Industry median

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

Labour taxes per employee, € Q3 2026: 9 103 € · −29.7% vs Q2 2026 · industry median 2 104 € · above 98% of the industry
05 00010 00015 000Q4 2023 Company: 5 802 € Industry median: 1 903 €Q4·23Q1 2024 Company: 8 068 € Industry median: 1 948 €Q2 2024 Company: 6 720 € Industry median: 1 960 €Q2·24Q3 2024 Company: 8 148 € Industry median: 2 029 €Q4 2024 Company: 6 688 € Industry median: 2 008 €Q4·24Q1 2025 Company: 10 082 € Industry median: 2 079 €Q2 2025 Company: 7 265 € Industry median: 2 091 €Q2·25Q3 2025 Company: 8 194 € Industry median: 2 158 €Q4 2025 Company: 7 586 € Industry median: 2 169 €Q4·25Q1 2026 Company: 7 667 € Industry median: 2 089 €Q2 2026 Company: 12 954 € Industry median: 2 068 €Q2·26Q3 2026 Company: 9 103 € Industry median: 2 104 €Q3·2605 00010 00015 000Q4 2024 Company: 6 688 € Industry median: 2 008 €Q1 2025 Company: 10 082 € Industry median: 2 079 €Q1·25Q2 2025 Company: 7 265 € Industry median: 2 091 €Q3 2025 Company: 8 194 € Industry median: 2 158 €Q3·25Q4 2025 Company: 7 586 € Industry median: 2 169 €Q1 2026 Company: 7 667 € Industry median: 2 089 €Q1·26Q2 2026 Company: 12 954 € Industry median: 2 068 €Q3 2026 Company: 9 103 € Industry median: 2 104 €Q3·26
  • Company
  • Industry median

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

Employees Q3 2026: 3 · +0.0% vs Q2 2026
0123Q4 2023 Company: 3Q4·23Q1 2024 Company: 3Q2 2024 Company: 3Q2·24Q3 2024 Company: 3Q4 2024 Company: 3Q4·24Q1 2025 Company: 3Q2 2025 Company: 3Q2·25Q3 2025 Company: 3Q4 2025 Company: 3Q4·25Q1 2026 Company: 3Q2 2026 Company: 3Q2·26Q3 2026 Company: 3Q3·260123Q4 2024 Company: 3Q1 2025 Company: 3Q1·25Q2 2025 Company: 3Q3 2025 Company: 3Q3·25Q4 2025 Company: 3Q1 2026 Company: 3Q1·26Q2 2026 Company: 3Q3 2026 Company: 3Q3·26
State taxes, € thousand Q3 2026: 1 734 578 € · +81.6% vs Q2 2026
05001 0001 5002 000Q4 2023 Company: 1 244 215 €Q4·23Q1 2024 Company: 1 453 983 €Q2 2024 Company: 1 222 861 €Q2·24Q3 2024 Company: 677 920 €Q4 2024 Company: 1 890 975 €Q4·24Q1 2025 Company: 1 461 172 €Q2 2025 Company: 931 655 €Q2·25Q3 2025 Company: 623 791 €Q4 2025 Company: 1 411 854 €Q4·25Q1 2026 Company: 1 153 957 €Q2 2026 Company: 955 270 €Q2·26Q3 2026 Company: 1 734 578 €Q3·2605001 0001 5002 000Q4 2024 Company: 1 890 975 €Q1 2025 Company: 1 461 172 €Q1·25Q2 2025 Company: 931 655 €Q3 2025 Company: 623 791 €Q3·25Q4 2025 Company: 1 411 854 €Q1 2026 Company: 1 153 957 €Q1·26Q2 2026 Company: 955 270 €Q3 2026 Company: 1 734 578 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 14 284 007 1 734 578 27 309 3
Q2 2026 8 026 745 955 270 38 862 3
Q1 2026 9 821 321 1 153 957 23 001 3
Q4 2025 11 964 410 1 411 854 22 757 3
Q3 2025 5 389 807 623 791 24 581 3
Q2 2025 8 225 103 931 655 21 796 3
Q1 2025 12 845 655 1 461 172 30 247 3
Q4 2024 17 435 620 1 890 975 20 064 3
Q3 2024 6 234 083 677 920 24 444 3
Q2 2024 10 857 202 1 222 861 20 159 3
Q1 2024 13 562 103 1 453 983 24 204 3
Q4 2023 12 359 664 1 244 215 17 407 3
Q3 2023 7 107 926 693 729 24 197 2
Q2 2023 17 499 216 1 705 159 19 095 3
Q1 2023 13 327 611 1 351 404 22 497 3
Q4 2022 9 163 311 916 103 24 041 3
Q3 2022 14 640 636 1 465 653 12 898 2
Q2 2022 13 708 794 1 358 033 10 710 2
Q1 2022 8 761 885 859 410 14 060 2
Labour taxes per employee per month
3 034 €
Turnover per employee in the quarter
4 761 336 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 75 062 844 € · −8.4% vs 2024 · industry median 63 691 € · above 98% of the industry
020 00040 00060 00080 000100 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 47 685 632 € Industry median: 78 948 €20192020 Company: 44 418 426 € Industry median: 67 913 €20202021 Company: 55 244 656 € Industry median: 71 656 €20212022 Company: 67 731 586 € Industry median: 75 397 €20222023 Company: 75 553 840 € Industry median: 63 715 €20232024 Company: 81 943 240 € Industry median: 60 216 €20242025 Company: 75 062 844 € Industry median: 63 691 €2025020 00040 00060 00080 000100 0002018 Company: — Industry median: —2019 Company: 47 685 632 € Industry median: 78 948 €20192020 Company: 44 418 426 € Industry median: 67 913 €2021 Company: 55 244 656 € Industry median: 71 656 €20212022 Company: 67 731 586 € Industry median: 75 397 €2023 Company: 75 553 840 € Industry median: 63 715 €20232024 Company: 81 943 240 € Industry median: 60 216 €2025 Company: 75 062 844 € Industry median: 63 691 €2025
  • 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: 18 992 € · +0.6% vs 2024 · industry median 127 € · above 76% of the industry
05 00010 00015 00020 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 0 € Industry median: 1 086 €20192020 Company: 0 € Industry median: 906 €20202021 Company: 0 € Industry median: 1 415 €20212022 Company: 0 € Industry median: 889 €20222023 Company: 4 884 € Industry median: 370 €20232024 Company: 18 887 € Industry median: 134 €20242025 Company: 18 992 € Industry median: 127 €202505 00010 00015 00020 0002018 Company: — Industry median: —2019 Company: 0 € Industry median: 1 086 €20192020 Company: 0 € Industry median: 906 €2021 Company: 0 € Industry median: 1 415 €20212022 Company: 0 € Industry median: 889 €2023 Company: 4 884 € Industry median: 370 €20232024 Company: 18 887 € Industry median: 134 €2025 Company: 18 992 € Industry median: 127 €2025
  • 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: 0.0 % · +0.0 pp vs the year before · industry median 2.7 % · above 30% of the industry
0123452016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 0.0 % Industry median: 3.7 %20192020 Company: 0.0 % Industry median: 4.2 %20202021 Company: 0.0 % Industry median: 4.9 %20212022 Company: 0.0 % Industry median: 4.2 %20222023 Company: 0.0 % Industry median: 3.5 %20232024 Company: 0.0 % Industry median: 2.9 %20242025 Company: 0.0 % Industry median: 2.7 %20250123452018 Company: — Industry median: —2019 Company: 0.0 % Industry median: 3.7 %20192020 Company: 0.0 % Industry median: 4.2 %2021 Company: 0.0 % Industry median: 4.9 %20212022 Company: 0.0 % Industry median: 4.2 %2023 Company: 0.0 % Industry median: 3.5 %20232024 Company: 0.0 % Industry median: 2.9 %2025 Company: 0.0 % Industry median: 2.7 %2025
  • Company
  • Industry median

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

Assets, € thousand 2025: 4 836 593 € · −38.9% vs 2024
02 0004 0006 0008 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 3 567 471 €20192020 Company: 3 792 649 €20202021 Company: 3 280 438 €20212022 Company: 2 774 902 €20222023 Company: 4 909 387 €20232024 Company: 7 917 248 €20242025 Company: 4 836 593 €202502 0004 0006 0008 0002018 Company: —2019 Company: 3 567 471 €20192020 Company: 3 792 649 €2021 Company: 3 280 438 €20212022 Company: 2 774 902 €2023 Company: 4 909 387 €20232024 Company: 7 917 248 €2025 Company: 4 836 593 €2025
Equity, € 2025: 45 763 € · +70.9% vs 2024
010 00020 00030 00040 00050 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 3 000 €20192020 Company: 3 000 €20202021 Company: 3 000 €20212022 Company: 3 000 €20222023 Company: 7 884 €20232024 Company: 26 771 €20242025 Company: 45 763 €2025010 00020 00030 00040 00050 0002018 Company: —2019 Company: 3 000 €20192020 Company: 3 000 €2021 Company: 3 000 €20212022 Company: 3 000 €2023 Company: 7 884 €20232024 Company: 26 771 €2025 Company: 45 763 €2025
Employees 2025: 4 · +0.0% vs 2024 · industry median 2 · above 70% of the industry
012342016 Company: 2 Industry median: —20162017 Company: 2 Industry median: —20172018 Company: 2 Industry median: 220182019 Company: 2 Industry median: 220192020 Company: 2 Industry median: 220202021 Company: 2 Industry median: 220212022 Company: 3 Industry median: 220222023 Company: 4 Industry median: 220232024 Company: 4 Industry median: 220242025 Company: 4 Industry median: 22025012342018 Company: 2 Industry median: 22019 Company: 2 Industry median: 220192020 Company: 2 Industry median: 22021 Company: 2 Industry median: 220212022 Company: 3 Industry median: 22023 Company: 4 Industry median: 220232024 Company: 4 Industry median: 22025 Company: 4 Industry median: 22025
  • 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, € Employees
2025 75 062 844 18 992 226 680 4 836 593 45 763 4
2024 81 943 240 18 887 217 492 7 917 248 26 771 4
2023 75 553 840 4 884 199 143 4 909 387 7 884 4
2022 67 731 586 0 152 269 2 774 902 3 000 3
2021 55 244 656 0 112 226 3 280 438 3 000 2
2020 44 418 426 0 155 569 3 792 649 3 000 2
2019 47 685 632 0 150 880 3 567 471 3 000 2
2018 — — — — — 2
2017 — — — — — 2
2016 — — — — — 2
2015 — — — — — 1
2014 — — — — — 1

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
0.0 %
Net profit / revenue
Return on equity (ROE)
41.5 %
Net profit / equity
Return on assets (ROA)
0.4 %
Net profit / assets
Equity ratio
0.9 %
Equity / assets
Debt ratio
99.1 %
Liabilities / assets
Current ratio
1.01
Current assets / current liabilities
Revenue per employee
18 765 711 €
Revenue / average full-time employees
Labour cost per employee per month
4 723 €
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 18 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 15 May 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 12 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 15 Mar 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 2 Mar 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 9 Apr 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 30 Jun 2020 Company’s own · audited e-Äriregister

Board

Right of representation

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

Owners

  • AS Musa Motors Grupa
    Legal person · 1 000 €
  • UAB Sostena
    Legal person · 1 000 €
  • aktsiaselts IEG
    Legal person · 10078204 · 1 000 €

Beneficial owners

  • Donetas Karciauskas
    Member of a senior management body (management or supervisory board) · LTU · since 30 Oct 2018
  • Viktor Siilats
    Member of a senior management body (management or supervisory board) · since 30 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 46711Wholesale of motor vehicles Main
  • 46181Activities of agents involved in the wholesale of other particular products
  • 47821Retail sale of motor vehicle parts and accessories
Rulings
Number, date Title Deadline State Document
Ä 10192610 / 6
3 Sep 2023
Amendment entry In force
3 Sep 2023
PDF
Ä 10192610 / 5
28 Jun 2018
Amendment under Commercial Code § 525 (2) In force
28 Jun 2018
PDF
Ä 10192610 / 4
19 Jan 2018
Amendment entry In force
19 Jan 2018
PDF
Ä 10192610 / 3
31 Aug 2016
Amendment entry In force
31 Aug 2016
PDF
Ä 10192610 / 2
3 Apr 2014
Amendment entry In force
3 Apr 2014
PDF
Ä 10192610
6 Feb 2014
First entry In force
6 Feb 2014
PDF

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