UP Catalyst OÜ

Active Registry code 14798378 OÜ Maardu linn Registered 5 Sep 2019

UP Catalyst OÜ is a OÜ based in Maardu linn, registry code 14798378, status: active. Main activity: Manufacture of other chemical products n.e.c.. According to EMTA, turnover for Q3 2026 was €109 233 with 30 employees.

Turnover

109 233 €

↓ 51.3% vs Q2 2026

State taxes

187 114 €

↓ 6.7% vs Q2 2026

Labour taxes

200 367 €

↓ 7.3% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Manufacture of chemicals and chemical products · EMTAK 20

Turnover · Q3 2026 109 233 €

above 62% of companies

industry median 31 486 € · companies in the industry: 132
Labour taxes per employee 6 679 €

above 94% of companies

industry median 2 267 € · companies in the industry: 96
Revenue · 2025 194 873 €

above 72% of companies

industry median 11 249 € · companies in the industry: 206
Net profit margin · 2025 -1 448.0 %

above 2% of companies

industry median 2.2 % · companies in the industry: 137

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 109 233 € · −51.3% vs Q2 2026 · industry median 31 486 € · above 62% of the industry

Company
Industry median

Industry: Manufacture of chemicals and chemical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 6 679 € · −4.2% vs Q2 2026 · industry median 2 267 € · above 94% of the industry

Company
Industry median

Industry: Manufacture of chemicals and chemical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 30 · −3.2% vs Q2 2026

State taxes, € thousand Q3 2026: 187 114 € · −6.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	109 233	187 114	200 367	30
Q2 2026	224 093	200 646	216 148	31
Q1 2026	301 283	192 565	206 525	34
Q4 2025	352 097	201 487	214 237	34
Q3 2025	308 763	199 908	213 277	35
Q2 2025	310 739	143 953	209 780	32
Q1 2025	264 352	272 677	287 283	34
Q4 2024	418 779	208 441	219 630	36
Q3 2024	361 743	163 809	173 527	37
Q2 2024	165 162	134 061	141 794	35
Q1 2024	333 686	97 904	103 049	28
Q4 2023	92 595	83 053	88 267	24
Q3 2023	40 605	57 317	60 842	22
Q2 2023	139 132	42 330	44 323	18
Q1 2023	36 283	34 146	35 637	15
Q4 2022	28 344	30 552	32 224	13
Q3 2022	14 626	36 588	39 032	11
Q2 2022	40 981	29 317	31 298	13
Q1 2022	2 224	10 735	11 345	9

Labour taxes per employee per month

2 226 €

Turnover per employee in the quarter

3 641 €

Q3 2026 · calculated from EMTA data

Financials by year

2020 – 2025

Revenue, € thousand 2025: 194 873 € · +22.3% vs 2024 · industry median 11 249 € · above 72% of the industry

Company
Industry median

Industry: Manufacture of chemicals and chemical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -2 821 758 € · −14.7% vs 2024 · industry median 1 € · above 2% of the industry

Company
Industry median

Industry: Manufacture of chemicals and chemical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -1 448.0 % · +95.9 pp vs the year before · industry median 2.2 % · above 2% of the industry

Company
Industry median

Industry: Manufacture of chemicals and chemical products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 6 221 424 € · +20.5% vs 2024

Equity, € thousand 2025: 1 093 806 € · −64.9% vs 2024

Employees 2025: 29 · −9.4% vs 2024 · industry median 2 · above 82% of the industry

Company
Industry median

Industry: Manufacture of chemicals and chemical products (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	194 873	-2 821 758	2 050 366	6 221 424	1 093 806	29
2024	159 320	-2 459 672	1 711 523	5 162 200	3 115 823	32
2023	3 740	-937 093	660 467	3 848 857	3 215 599	13
2022	4 612	-535 119	320 406	339 029	-526 909	10
2021	2 505	-17 302	72 332	43 396	5 710	5
2020	568	23 012	3 125	29 734	23 012	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

-1 448.0 %

Net profit / revenue

Return on equity (ROE)

-258.0 %

Net profit / equity

Return on assets (ROA)

-45.4 %

Net profit / assets

Equity ratio

17.6 %

Equity / assets

Debt ratio

82.4 %

Liabilities / assets

Current ratio

1.92

Current assets / current liabilities

Revenue per employee

6 720 €

Revenue / average full-time employees

Labour cost per employee per month

5 892 €

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 Jul 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	18 Jul 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	13 Aug 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	1 Jul 2022	Company’s own	e-Äriregister
2020	5 Sep 2019 – 31 Dec 2020	30 Aug 2021	Company’s own	e-Äriregister

Board

Rait Maasikas
Board member · since 5 Sep 2024
Sebastian Jonas Pohlmann
Board member · since 17 Apr 2025

Right of representation

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

Owners

UP Catalyst OÜ
Legal person · 14798378 · 1 913 €

16.38%
Extantia Climate Flagship II GmbH & Co. KG
Legal person · 1 466 €

12.55%
OÜ Enerkindle
Legal person · 16642290 · 1 125 €

9.63%
AS SmartCap
Legal person · 12071991 · 734 €

6.29%
Martalyst OÜ
Legal person · 16516504 · 555 €

4.75%
OÜ KÄTSAT
Legal person · 16535246 · 555 €

4.75%
AS SmartCap
Legal person · 12071991 · 536 €

4.59%
Warsaw Equity Alternatywna Spółka Inwestycyjna S.A.
Legal person · 536 €

4.59%
K&G Capital and Consulting OÜ
Legal person · 16425902 · 524 €

4.48%
Spaceway OÜ
Legal person · 16532271 · 509 €

4.36%
RM Holdco OÜ
Legal person · 17176542 · 509 €

4.36%
GraphiteZero OÜ
Legal person · 17210434 · 452 €

3.87%
2C Ventures Fund I usaldusfond
Legal person · 16864903 · 442 €

3.78%
Saga Power OÜ
Legal person · 16507356 · 381 €

3.27%
Inventumus OÜ
Legal person · 16437012 · 378 €

3.24%
Sunly Innovation 2 OÜ
Legal person · 16368371 · 368 €

3.15%
Osaühing SCOTTISH BALTIC INVEST
Legal person · 11141407 · 167 €

1.43%
UniTartu Ventures OÜ
Legal person · 16124187 · 146 €

1.25%
IVARD OÜ
Legal person · 10892608 · 113 €

0.97%
Vendance Capital OÜ
Legal person · 16685903 · 99 €

0.85%
See Seaside OÜ
Legal person · 16212550 · 97 €

0.83%
Osaühing Net Systems Group
Legal person · 10576652 · 58 €

0.50%
OÜ Sammalsepp
Legal person · 16686258 · 17 €

0.14%

Owner in

UP Catalyst OÜ
16.38%

Beneficial owners

Rait Maasikas
Member of a senior management body (management or supervisory board) · since 9 Dec 2025
Sebastian Jonas Pohlmann
Member of a senior management body (management or supervisory board) · since 9 Dec 2025

Founders and other persons

Illimar Born
Founder · 225 € · 5 Sep 2019
Ivar Kruusenberg
Founder · 1 600 € · 5 Sep 2019
Kätlin Kaare
Founder · 225 € · 5 Sep 2019
Maiko Kiis
Founder · 225 € · 5 Sep 2019
Sander Ratso
Founder · 225 € · 5 Sep 2019
KPMG Baltics OÜ
Audit firm · 10 Jun 2024
Refael Yair Reem
Supervisory board member · 31 Oct 2023
Michaël Jean Marie L Claes
Supervisory board member · 16 Jan 2026
Tina Marianne Nyfors
Supervisory board member · 16 Jan 2026

shared board members, owners or beneficial owners

Activities (EMTAK)

20599Manufacture of other chemical products n.e.c. Main

Rulings 23

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50127631 / M7 12 Jan 2026	Ruling to correct data outside an entry	27 Jan 2026	In force 12 Jan 2026	PDF
Ä 50127631 / M6 29 Dec 2025	Ruling to correct data outside an entry	13 Jan 2026	In force 29 Dec 2025	PDF
Ä 50127631 / 16 16 Dec 2025	Amendment entry		In force 16 Dec 2025	PDF
Ä 50127631 / 15 6 Nov 2025	Amendment entry		In force 6 Nov 2025	PDF
Ä 50127631 / M5 27 Oct 2025	Ruling to eliminate deficiencies	11 Nov 2025	Deficiencies eliminated 6 Nov 2025	PDF
Ä 50127631 / 14 23 Apr 2025	Amendment entry		In force 23 Apr 2025	PDF
Ä 50127631 / 13 17 Apr 2025	Amendment entry		In force 17 Apr 2025	PDF
Ä 50127631 / 12 21 Jan 2025	Amendment entry		In force 21 Jan 2025	PDF
Ä 50127631 / 11 5 Sep 2024	Amendment entry		In force 5 Sep 2024	PDF
Ä 50127631 / 10 22 Feb 2024	Amendment entry		In force 22 Feb 2024	PDF
Ä 50127631 / 9 27 Dec 2023	Amendment entry		In force 27 Dec 2023	PDF
Ä 50127631 / M4 15 Dec 2023	Ruling to eliminate deficiencies	2 Jan 2024	Deficiencies eliminated 27 Dec 2023	PDF
Ä 50127631 / 8 22 Nov 2023	Amendment entry		In force 22 Nov 2023	PDF
Ä 50127631 / M3 21 Nov 2023	Ruling to eliminate deficiencies		Deficiencies eliminated 20 Nov 2023	PDF
Ä 50127631 / 7 3 Nov 2023	Amendment entry		In force 3 Nov 2023	PDF
Ä 50127631 / M2 1 Nov 2023	Ruling to eliminate deficiencies		Deficiencies eliminated 3 Nov 2023	PDF
Ä 50127631 / M1 1 Nov 2023	Ruling to eliminate deficiencies		Deficiencies eliminated 1 Nov 2023	PDF
Ä 50127631 / 6 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 50127631 / 5 22 Mar 2023	Amendment entry		In force 22 Mar 2023	PDF
Ä 50127631 / 4 8 Feb 2022	Amendment entry		In force 8 Feb 2022	PDF
Ä 50127631 / 3 13 May 2021	Amendment entry		In force 13 May 2021	PDF
Ä 50127631 / 2 16 Apr 2020	Amendment entry		In force 16 Apr 2020	PDF
Ä 50127631 5 Sep 2019	First entry		In force 5 Sep 2019	PDF

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

UP Catalyst OÜ

Position in the industry Manufacture of chemicals and chemical products · EMTAK 20

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 23