TS Laevad OÜ

Active Registry code 12678055 OÜ Tallinn Registered 19 Jun 2014

TS Laevad OÜ is a OÜ based in Tallinn, registry code 12678055, status: active. Main activity: Scheduled passengers transport at sea and in coastal waters. According to EMTA, turnover for Q3 2026 was €6 833 436 with 140 employees.

Turnover

6 833 436 €

↑ 69.8% vs Q2 2026

State taxes

1 597 524 €

↑ 118.9% vs Q2 2026

Labour taxes

1 047 312 €

↑ 11.5% vs Q2 2026

Employees

140

−27 vs Q2 2026

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

Position in the industry Water transport · EMTAK 50

Turnover · Q3 2026 6.8 mn €

above 98% of companies

industry median 47 494 € · companies in the industry: 71
Labour taxes per employee 7 481 €

above 95% of companies

industry median 2 649 € · companies in the industry: 39
Revenue · 2025 37.8 mn €

above 98% of companies

industry median 7 510 € · companies in the industry: 151
Net profit margin · 2025 20.2 %

above 80% of companies

industry median 1.0 % · companies in the industry: 96

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 6 833 436 € · +69.8% vs Q2 2026 · industry median 47 494 € · above 98% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 7 481 € · +32.9% vs Q2 2026 · industry median 2 649 € · above 95% of the industry

Company
Industry median

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

Employees Q3 2026: 140 · −16.2% vs Q2 2026

State taxes, € thousand Q3 2026: 1 597 524 € · +118.9% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	6 833 436	1 597 524	1 047 312	140
Q2 2026	4 024 338	729 888	939 685	167
Q1 2026	2 572 530	635 864	978 723	136
Q4 2025	3 667 990	824 102	866 447	139
Q3 2025	6 767 845	1 539 791	997 934	137
Q2 2025	3 979 299	854 903	911 299	158
Q1 2025	2 648 101	762 487	893 900	138
Q4 2024	3 805 221	688 969	772 798	134
Q3 2024	6 740 568	1 473 745	867 943	140
Q2 2024	3 881 653	905 158	856 303	160
Q1 2024	2 607 105	763 172	860 781	133
Q4 2023	3 766 635	720 244	743 487	134
Q3 2023	6 700 148	1 440 691	874 163	134
Q2 2023	3 665 239	885 750	757 115	158
Q1 2023	2 445 734	731 615	772 996	131
Q4 2022	3 540 429	695 941	655 364	133
Q3 2022	6 476 320	1 208 048	755 134	135
Q2 2022	3 645 731	699 549	651 149	156
Q1 2022	2 087 872	605 856	642 568	129

Labour taxes per employee per month

2 494 €

Turnover per employee in the quarter

48 810 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 37 808 000 € · +0.6% vs 2024 · industry median 7 510 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 7 632 000 € · −6.2% vs 2024 · industry median 0 € · above 98% of the industry

Company
Industry median

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

Net profit margin, % 2025: 20.2 % · −1.5 pp vs the year before · industry median 1.0 % · above 80% of the industry

Company
Industry median

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

Assets, mn € 2025: 100 953 000 € · +4.7% vs 2024

Equity, € thousand 2025: 65 755 000 € · +13.1% vs 2024

Employees 2025: 139 · +0.7% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Water transport (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	37 808 000	7 632 000	9 062 000	100 953 000	65 755 000	139
2024	37 594 000	8 137 000	8 373 000	96 452 000	58 123 000	138
2023	36 662 000	7 792 000	8 197 000	100 921 000	49 986 000	137
2022	34 776 000	8 260 000	7 135 000	107 395 000	42 194 000	136
2021	30 676 000	6 012 000	6 513 000	108 290 000	33 934 000	135
2020	29 704 000	7 451 000	6 138 000	113 378 000	27 922 000	131
2019	30 825 000	7 354 000	5 664 000	122 190 000	20 471 000	135
2018	—	—	—	—	—	136
2017	—	—	—	—	—	137
2016	—	—	—	—	—	37
2015	—	—	—	—	—	0
2014	—	—	—	—	—	0

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

20.2 %

Net profit / revenue

Return on equity (ROE)

11.6 %

Net profit / equity

Return on assets (ROA)

7.6 %

Net profit / assets

Equity ratio

65.1 %

Equity / assets

Debt ratio

34.9 %

Liabilities / assets

Current ratio

2.53

Current assets / current liabilities

Revenue per employee

272 000 €

Revenue / average full-time employees

Labour cost per employee per month

5 433 €

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	25 May 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	7 May 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	24 May 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	12 Apr 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	22 Apr 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	16 Apr 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	15 Apr 2020	Company’s own · audited	e-Äriregister

Board

Guldar Kivro
Board member · since 12 Dec 2018
Indrek Randveer
Board member · since 7 Jan 2021
Katrin Aron
Board member · since 27 Mar 2023

Right of representation

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

Owners

aktsiaselts TALLINNA SADAM
Legal person · 10137319 · 2 000 000 €

100%

Beneficial owners

Guldar Kivro
Member of a senior management body (management or supervisory board) · since 3 Sep 2024
Indrek Randveer
Member of a senior management body (management or supervisory board) · since 3 Sep 2024
Katrin Aron
Member of a senior management body (management or supervisory board) · since 3 Sep 2024
Rene Pärt
Member of a senior management body (management or supervisory board) · since 24 May 2024
Andrus Ait
Member of a senior management body (management or supervisory board) · since 19 Jul 2022
Valdo Kalm
Member of a senior management body (management or supervisory board) · since 19 Oct 2018

Founders and other persons

aktsiaselts TALLINNA SADAM
Founder · 2 500 € · 19 Jun 2014
Aktsiaselts PricewaterhouseCoopers
Audit firm · 24 Apr 2023
Valdo Kalm
Chairman of the supervisory board · 10 Sep 2025
Rene Pärt
Supervisory board member · 15 Oct 2021
Andrus Ait
Supervisory board member · 8 Mar 2022

shared board members, owners or beneficial owners

Activities (EMTAK)

50101Scheduled passengers transport at sea and in coastal waters Main

Rulings 25

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10197187 / 19 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10197187 / 18 27 Mar 2023	Amendment entry		In force 27 Mar 2023	PDF
Ä 10197187 / M6 23 Mar 2023	Ruling to eliminate deficiencies	14 Apr 2023	Deficiencies eliminated 27 Mar 2023	PDF
Ä 10197187 / 17 19 Dec 2022	Amendment entry		In force 19 Dec 2022	PDF
Ä 10197187 / 16 22 Oct 2021	Amendment entry		In force 22 Oct 2021	PDF
Ä 10197187 / M5 21 Oct 2021	Ruling to eliminate deficiencies	5 Nov 2021	Deficiencies eliminated 22 Oct 2021	PDF
Ä 10197187 / 15 7 Jan 2021	Amendment entry		In force 7 Jan 2021	PDF
Ä 10197187 / 14 14 Sep 2020	Amendment entry		In force 14 Sep 2020	PDF
Ä 10197187 / 13 17 Mar 2020	Amendment entry		In force 17 Mar 2020	PDF
Ä 10197187 / M4 13 Mar 2020	Ruling to eliminate deficiencies	12 Apr 2020	Deficiencies eliminated 17 Mar 2020	PDF
Ä 10197187 / 12 6 Jan 2020	Amendment entry		In force 6 Jan 2020	PDF
Ä 10197187 / 11 12 Dec 2018	Amendment entry		In force 12 Dec 2018	PDF
Ä 10197187 / 10 6 Jun 2018	Amendment under Commercial Code § 525 (2)		In force 6 Jun 2018	PDF
Ä 10197187 / 9 9 Apr 2018	Amendment entry		In force 9 Apr 2018	PDF
Ä 10197187 / 8 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 10197187 / 7 7 Dec 2017	Amendment entry		In force 7 Dec 2017	PDF
Ä 10197187 / 6 14 Sep 2017	Amendment entry		In force 14 Sep 2017	PDF
Ä 10197187 / 5 18 Aug 2017	Amendment entry		In force 18 Aug 2017	PDF
Ä 10197187 / M3 14 Aug 2017	Ruling to eliminate deficiencies	3 Sep 2017	Deficiencies eliminated 18 Aug 2017	PDF
Ä 10197187 / 4 29 Sep 2016	Amendment entry		In force 29 Sep 2016	PDF
Ä 10197187 / 3 11 Dec 2015	Amendment entry		In force 11 Dec 2015	PDF
Ä 10197187 / M2 5 Oct 2015	Refund of the state fee		In force 5 Oct 2015	PDF
Ä 10197187 / 2 3 Mar 2015	Amendment entry		In force 3 Mar 2015	PDF
Ä 10197187 / M1 24 Feb 2015	Ruling to eliminate deficiencies	6 Mar 2015	Deficiencies eliminated 3 Mar 2015	PDF
Ä 10197187 19 Jun 2014	First entry		In force 19 Jun 2014	PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data

TS Laevad OÜ

Position in the industry Water transport · EMTAK 50

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 25