Osaühing Neto Baltic

Active Registry code 14227345 OÜ Tallinn Registered 24 Mar 2017
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Osaühing Neto Baltic is a OÜ based in Tallinn, registry code 14227345, status: active. Main activity: Wholesale of electronic and telecommunication equipment and parts. According to EMTA, turnover for Q3 2026 was €216 508 with 1 employees.

Turnover
216 508 €
↑ 133.3% vs Q2 2026
State taxes
42 117 €
↑ 49.7% vs Q2 2026
Labour taxes
14 382 €
↑ 2.4% vs Q2 2026
Employees
1
±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 216 508 €
    industry median 60 065 € · companies in the industry: 6 941
  • Labour taxes per employee 14 382 €
    industry median 2 104 € · companies in the industry: 4 194
  • Revenue · 2025 426 602 €
    industry median 63 691 € · companies in the industry: 10 038
  • Net profit margin · 2025 14.5 %
    industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 216 508 € · +133.3% vs Q2 2026 · industry median 60 065 € · above 69% of the industry
0100200300400Q4 2023 Company: 122 566 € Industry median: 69 842 €Q4·23Q1 2024 Company: 116 796 € Industry median: 60 423 €Q2 2024 Company: 166 289 € Industry median: 66 207 €Q2·24Q3 2024 Company: 132 820 € Industry median: 63 101 €Q4 2024 Company: 208 720 € Industry median: 65 867 €Q4·24Q1 2025 Company: 163 272 € Industry median: 59 713 €Q2 2025 Company: 120 476 € Industry median: 61 800 €Q2·25Q3 2025 Company: 165 661 € Industry median: 59 911 €Q4 2025 Company: 139 029 € Industry median: 59 583 €Q4·25Q1 2026 Company: 314 945 € Industry median: 53 954 €Q2 2026 Company: 92 818 € Industry median: 61 600 €Q2·26Q3 2026 Company: 216 508 € Industry median: 60 065 €Q3·260100200300400Q4 2024 Company: 208 720 € Industry median: 65 867 €Q1 2025 Company: 163 272 € Industry median: 59 713 €Q1·25Q2 2025 Company: 120 476 € Industry median: 61 800 €Q3 2025 Company: 165 661 € Industry median: 59 911 €Q3·25Q4 2025 Company: 139 029 € Industry median: 59 583 €Q1 2026 Company: 314 945 € Industry median: 53 954 €Q1·26Q2 2026 Company: 92 818 € Industry median: 61 600 €Q3 2026 Company: 216 508 € 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: 14 382 € · +2.4% vs Q2 2026 · industry median 2 104 € · above 98% of the industry
05 00010 00015 00020 000Q4 2023 Company: 10 845 € Industry median: 1 903 €Q4·23Q1 2024 Company: 12 129 € Industry median: 1 948 €Q2 2024 Company: 11 012 € Industry median: 1 960 €Q2·24Q3 2024 Company: 11 221 € Industry median: 2 029 €Q4 2024 Company: 10 704 € Industry median: 2 008 €Q4·24Q1 2025 Company: 13 089 € Industry median: 2 079 €Q2 2025 Company: 11 881 € Industry median: 2 091 €Q2·25Q3 2025 Company: 11 824 € Industry median: 2 158 €Q4 2025 Company: 11 961 € Industry median: 2 169 €Q4·25Q1 2026 Company: 17 275 € Industry median: 2 089 €Q2 2026 Company: 14 048 € Industry median: 2 068 €Q2·26Q3 2026 Company: 14 382 € Industry median: 2 104 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 10 704 € Industry median: 2 008 €Q1 2025 Company: 13 089 € Industry median: 2 079 €Q1·25Q2 2025 Company: 11 881 € Industry median: 2 091 €Q3 2025 Company: 11 824 € Industry median: 2 158 €Q3·25Q4 2025 Company: 11 961 € Industry median: 2 169 €Q1 2026 Company: 17 275 € Industry median: 2 089 €Q1·26Q2 2026 Company: 14 048 € Industry median: 2 068 €Q3 2026 Company: 14 382 € 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: 1 · +0.0% vs Q2 2026
0.00.20.40.60.81.0Q4 2023 Company: 1Q4·23Q1 2024 Company: 1Q2 2024 Company: 1Q2·24Q3 2024 Company: 1Q4 2024 Company: 1Q4·24Q1 2025 Company: 1Q2 2025 Company: 1Q2·25Q3 2025 Company: 1Q4 2025 Company: 1Q4·25Q1 2026 Company: 1Q2 2026 Company: 1Q2·26Q3 2026 Company: 1Q3·260.00.20.40.60.81.0Q4 2024 Company: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: 1Q3·25Q4 2025 Company: 1Q1 2026 Company: 1Q1·26Q2 2026 Company: 1Q3 2026 Company: 1Q3·26
State taxes, € Q3 2026: 42 117 € · +49.7% vs Q2 2026
010 00020 00030 00040 00050 000Q4 2023 Company: 27 802 €Q4·23Q1 2024 Company: 24 251 €Q2 2024 Company: 36 000 €Q2·24Q3 2024 Company: 30 702 €Q4 2024 Company: 33 019 €Q4·24Q1 2025 Company: 36 845 €Q2 2025 Company: 28 410 €Q2·25Q3 2025 Company: 31 734 €Q4 2025 Company: 33 289 €Q4·25Q1 2026 Company: 29 462 €Q2 2026 Company: 28 133 €Q2·26Q3 2026 Company: 42 117 €Q3·26010 00020 00030 00040 00050 000Q4 2024 Company: 33 019 €Q1 2025 Company: 36 845 €Q1·25Q2 2025 Company: 28 410 €Q3 2025 Company: 31 734 €Q3·25Q4 2025 Company: 33 289 €Q1 2026 Company: 29 462 €Q1·26Q2 2026 Company: 28 133 €Q3 2026 Company: 42 117 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 216 508 42 117 14 382 1
Q2 2026 92 818 28 133 14 048 1
Q1 2026 314 945 29 462 17 275 1
Q4 2025 139 029 33 289 11 961 1
Q3 2025 165 661 31 734 11 824 1
Q2 2025 120 476 28 410 11 881 1
Q1 2025 163 272 36 845 13 089 1
Q4 2024 208 720 33 019 10 704 1
Q3 2024 132 820 30 702 11 221 1
Q2 2024 166 289 36 000 11 012 1
Q1 2024 116 796 24 251 12 129 1
Q4 2023 122 566 27 802 10 845 1
Q3 2023 213 265 32 838 10 722 1
Q2 2023 159 657 27 116 10 437 1
Q1 2023 132 905 26 951 10 549 1
Q4 2022 139 227 27 068 9 319 1
Q3 2022 123 529 29 783 9 725 1
Q2 2022 159 906 23 223 9 400 1
Q1 2022 128 608 25 893 10 577 1
Labour taxes per employee per month
4 794 €
Turnover per employee in the quarter
216 508 €

Q3 2026 · calculated from EMTA data

Financials by year

2017 – 2025
Revenue, € thousand 2025: 426 602 € · +4.0% vs 2024 · industry median 63 691 € · above 72% of the industry
01002003004005002017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 315 523 € Industry median: 78 948 €20192020 Company: 299 133 € Industry median: 67 913 €20202021 Company: 332 727 € Industry median: 71 656 €20212022 Company: 347 233 € Industry median: 75 397 €20222023 Company: 431 620 € Industry median: 63 715 €20232024 Company: 410 276 € Industry median: 60 216 €20242025 Company: 426 602 € Industry median: 63 691 €202501002003004005002018 Company: — Industry median: —2019 Company: 315 523 € Industry median: 78 948 €20192020 Company: 299 133 € Industry median: 67 913 €2021 Company: 332 727 € Industry median: 71 656 €20212022 Company: 347 233 € Industry median: 75 397 €2023 Company: 431 620 € Industry median: 63 715 €20232024 Company: 410 276 € Industry median: 60 216 €2025 Company: 426 602 € 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: 61 806 € · +54.1% vs 2024 · industry median 127 € · above 85% of the industry
-20 000020 00040 00060 00080 0002017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 43 929 € Industry median: 1 086 €20192020 Company: 35 379 € Industry median: 906 €20202021 Company: 2 560 € Industry median: 1 415 €20212022 Company: -18 438 € Industry median: 889 €20222023 Company: 56 068 € Industry median: 370 €20232024 Company: 40 117 € Industry median: 134 €20242025 Company: 61 806 € Industry median: 127 €2025-20 000020 00040 00060 00080 0002018 Company: — Industry median: —2019 Company: 43 929 € Industry median: 1 086 €20192020 Company: 35 379 € Industry median: 906 €2021 Company: 2 560 € Industry median: 1 415 €20212022 Company: -18 438 € Industry median: 889 €2023 Company: 56 068 € Industry median: 370 €20232024 Company: 40 117 € Industry median: 134 €2025 Company: 61 806 € 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: 14.5 % · +4.7 pp vs the year before · industry median 2.7 % · above 79% of the industry
-10-50510152017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 13.9 % Industry median: 3.7 %20192020 Company: 11.8 % Industry median: 4.2 %20202021 Company: 0.8 % Industry median: 4.9 %20212022 Company: -5.3 % Industry median: 4.2 %20222023 Company: 13.0 % Industry median: 3.5 %20232024 Company: 9.8 % Industry median: 2.9 %20242025 Company: 14.5 % Industry median: 2.7 %2025-10-50510152018 Company: — Industry median: —2019 Company: 13.9 % Industry median: 3.7 %20192020 Company: 11.8 % Industry median: 4.2 %2021 Company: 0.8 % Industry median: 4.9 %20212022 Company: -5.3 % Industry median: 4.2 %2023 Company: 13.0 % Industry median: 3.5 %20232024 Company: 9.8 % Industry median: 2.9 %2025 Company: 14.5 % 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: 323 357 € · +21.8% vs 2024
01002003004002017 Company: —20172018 Company: —20182019 Company: 113 221 €20192020 Company: 155 060 €20202021 Company: 169 687 €20212022 Company: 148 401 €20222023 Company: 204 848 €20232024 Company: 265 476 €20242025 Company: 323 357 €202501002003004002018 Company: —2019 Company: 113 221 €20192020 Company: 155 060 €2021 Company: 169 687 €20212022 Company: 148 401 €2023 Company: 204 848 €20232024 Company: 265 476 €2025 Company: 323 357 €2025
Equity, € thousand 2025: 269 401 € · +29.8% vs 2024
01002003002017 Company: —20172018 Company: —20182019 Company: 91 909 €20192020 Company: 127 288 €20202021 Company: 129 848 €20212022 Company: 111 410 €20222023 Company: 167 478 €20232024 Company: 207 595 €20242025 Company: 269 401 €202501002003002018 Company: —2019 Company: 91 909 €20192020 Company: 127 288 €2021 Company: 129 848 €20212022 Company: 111 410 €2023 Company: 167 478 €20232024 Company: 207 595 €2025 Company: 269 401 €2025
Employees 2025: 2 · +0.0% vs 2024 · industry median 2 · above 45% of the industry
0.00.51.01.52.02017 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: 2 Industry median: 220222023 Company: 2 Industry median: 220232024 Company: 2 Industry median: 220242025 Company: 2 Industry median: 220250.00.51.01.52.02018 Company: 2 Industry median: 22019 Company: 2 Industry median: 220192020 Company: 2 Industry median: 22021 Company: 2 Industry median: 220212022 Company: 2 Industry median: 22023 Company: 2 Industry median: 220232024 Company: 2 Industry median: 22025 Company: 2 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 426 602 61 806 111 861 323 357 269 401 2
2024 410 276 40 117 104 792 265 476 207 595 2
2023 431 620 56 068 96 730 204 848 167 478 2
2022 347 233 -18 438 93 803 148 401 111 410 2
2021 332 727 2 560 87 685 169 687 129 848 2
2020 299 133 35 379 79 521 155 060 127 288 2
2019 315 523 43 929 76 713 113 221 91 909 2
2018 — — — — — 2
2017 — — — — — 2

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
14.5 %
Net profit / revenue
Return on equity (ROE)
22.9 %
Net profit / equity
Return on assets (ROA)
19.1 %
Net profit / assets
Equity ratio
83.3 %
Equity / assets
Debt ratio
16.7 %
Liabilities / assets
Current ratio
2.04
Current assets / current liabilities
Revenue per employee
213 301 €
Revenue / average full-time employees
Labour cost per employee per month
4 661 €
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 6 Jul 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 3 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 9 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 25 Apr 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 18 Jan 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 20 Jan 2020 Company’s own e-Äriregister

Board

Right of representation

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

Owners

  • UAB "NETO BALTIC"
    Legal person · 1 875 €
  • Karl Lust
    Natural person · 625 €
  • Kaja Rannamäe-Lust
    Natural person · 625 €

Beneficial owners

  • Karl Lust
    Direct ownership · since 2 Sep 2026
  • Evaldas Budvilaitis
    Member of a senior management body (management or supervisory board) · LTU · since 1 Aug 2023
  • Rokas Budvilaitis
    Direct ownership · LTU · since 1 Aug 2023

Founders and other persons

  • Karl Lust
    Founder · 2 500 € · 23 Mar 2017
shared board members, owners or beneficial owners

Activities (EMTAK)

  • 46503Wholesale of electronic and telecommunication equipment and parts Main
Rulings
Number, date Title Deadline State Document
Ä 50053712 / 9
3 Sep 2026
Amendment entry In force
3 Sep 2026
PDF
Ä 50053712 / 8
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 50053712 / 7
3 May 2022
Amendment under Commercial Code § 525 (2) In force
3 May 2022
PDF
Ä 50053712 / 6
8 Feb 2021
Amendment entry In force
8 Feb 2021
PDF
Ä 50053712 / 5
1 Feb 2019
Amendment entry In force
1 Feb 2019
PDF
Ä 50053712 / 4
21 Jan 2018
Amendment entry In force
21 Jan 2018
PDF
Ä 50053712 / 3
2 Jan 2018
Amendment entry In force
2 Jan 2018
PDF
Ä 50053712 / 2
13 Dec 2017
Amendment entry In force
13 Dec 2017
PDF
Ä 50053712
24 Mar 2017
First entry In force
24 Mar 2017
PDF

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