Modern Electronics OÜ

Active Registry code 12813582 OÜ Tallinn Registered 10 Mar 2015

Modern Electronics OÜ is a OÜ based in Tallinn, registry code 12813582, status: active. Main activity: Wholesale of electronic and telecommunication equipment and parts. According to EMTA, turnover for Q3 2026 was €182 428 with 1 employees.

Turnover

182 428 €

↓ 19.0% vs Q2 2026

State taxes

5 430 €

↓ 6.7% vs Q2 2026

Labour taxes

1 169 €

↑ 66.8% vs Q2 2026

Employees

±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 182 428 €

above 67% of companies

industry median 59 985 € · companies in the industry: 6 940
Labour taxes per employee 1 169 €

above 26% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2025 154.6 mn €

above 98% of companies

industry median 63 691 € · companies in the industry: 10 038
Net profit margin · 2025 0.9 %

above 39% of companies

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

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 182 428 € · −19.0% vs Q2 2026 · industry median 59 985 € · above 67% 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.

Labour taxes per employee, € Q3 2026: 1 169 € · +66.8% vs Q2 2026 · industry median 2 104 € · above 26% 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.

Employees Q3 2026: 1 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 5 430 € · −6.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	182 428	5 430	1 169	1
Q2 2026	225 194	5 818	701	1
Q1 2026	225 700	11 459	701	1
Q4 2025	171 448	7 845	701	1
Q3 2025	39 512	649	701	1
Q2 2025	153 250	649	701	1
Q1 2025	174 804	1 211	1 259	1
Q4 2024	223 171	433	464	1
Q3 2024	121 578	433	464	1
Q2 2024	161 628	714	769	1
Q1 2024	117 137	433	464	1
Q4 2023	311 477	35 644	464	1
Q3 2023	75 908	683	464	1
Q2 2023	32 758	714	769	1
Q1 2023	65 815	529	561	1
Q4 2022	76 771	723	756	1
Q3 2022	14 565 017	723	756	1
Q2 2022	83 605	692	725	1
Q1 2022	257 839	723	756	1

Labour taxes per employee per month

390 €

Turnover per employee in the quarter

182 428 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, mn € 2025: 154 551 586 € · −10.0% vs 2024 · industry median 63 691 € · above 98% 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, € thousand 2025: 1 373 714 € · −17.4% vs 2024 · industry median 127 € · above 98% 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: 0.9 % · −0.1 pp vs the year before · industry median 2.7 % · above 39% 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, € thousand 2025: 40 167 559 € · +39.0% vs 2024

Equity, € thousand 2025: 7 819 196 € · +21.3% vs 2024

Employees 2025: 1 · +0.0% vs 2024 · industry median 2 · above 5% 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, €	Employees
2025	154 551 586	1 373 714	8 122	40 167 559	7 819 196	1
2024	171 808 970	1 663 950	7 737	28 889 868	6 445 482	1
2023	91 510 410	-92 267	7 740	17 010 351	4 781 532	1
2022	174 164 928	3 639 201	7 317	22 413 063	4 873 799	1
2021	59 176 617	866 673	7 130	6 123 565	1 234 598	1
2020	2 092 051	53 364	7 527	519 375	367 925	1
2019	1 711 189	-21 506	9 572	533 143	314 561	1
2018	—	—	—	—	—	1
2017	—	—	—	—	—	1
2016	—	—	—	—	—	1
2015	—	—	—	—	—	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

0.9 %

Net profit / revenue

Return on equity (ROE)

17.6 %

Net profit / equity

Return on assets (ROA)

3.4 %

Net profit / assets

Equity ratio

19.5 %

Equity / assets

Debt ratio

80.5 %

Liabilities / assets

Current ratio

1.24

Current assets / current liabilities

Revenue per employee

154 551 586 €

Revenue / average full-time employees

Labour cost per employee per month

677 €

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	27 Aug 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	26 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	28 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Jun 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	21 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Apr 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	21 Feb 2020	Company’s own	e-Äriregister

Board

Tejas Arvindbhai Shah
Board member · since 15 Sep 2021

Right of representation

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

Owners

TEJAS ARVINDBHAI SHAH
Natural person · 2 500 €

100%

Beneficial owners

TEJAS ARVINDBHAI SHAH
Direct ownership · since 15 Sep 2021

Founders and other persons

Kristiina Kovalevitš
Founder · 2 500 € · 10 Mar 2015

Activities (EMTAK)

46503Wholesale of electronic and telecommunication equipment and parts Main

Rulings 13

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50004164 / 10 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 50004164 / 9 15 Sep 2021	Amendment entry		In force 15 Sep 2021	PDF
Ä 50004164 / 8 17 Dec 2019	Amendment entry		In force 17 Dec 2019	PDF
Ä 50004164 / 7 23 May 2018	Amendment entry		In force 23 May 2018	PDF
Ä 50004164 / 6 15 May 2018	Amendment entry		In force 15 May 2018	PDF
Ä 50004164 / M3 14 Mar 2018	Warning of deletion from the register: annual report not filed	14 Sep 2018	Deficiencies eliminated 15 May 2018	PDF
Ä 50004164 / 5 20 Jan 2018	Amendment entry		In force 20 Jan 2018	PDF
Ä 50004164 / 4 30 Nov 2016	Amendment entry		In force 30 Nov 2016	PDF
Ä 50004164 / 3 28 Dec 2015	Amendment entry		In force 28 Dec 2015	PDF
Ä 50004164 / M2 1 Jun 2015	Procedural ruling		In force 1 Jun 2015	PDF
Ä 50004164 / M1 29 May 2015	Procedural ruling		In force 29 May 2015	PDF
Ä 50004164 / 2 8 Apr 2015	Amendment entry		In force 8 Apr 2015	PDF
Ä 50004164 10 Mar 2015	First entry		In force 10 Mar 2015	PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data