SIVAS ASSET MANAGEMENT OÜ

Active Registry code 16584983 OÜ Tallinn Registered 3 Oct 2022

SIVAS ASSET MANAGEMENT OÜ is a OÜ based in Tallinn, registry code 16584983, status: active. Main activity: Business and other management consultancy activities. Its annual report for 2024 shows revenue of €0 and 0 employees.

Revenue

0 €

Employees

±0 vs 2023

2024 · annual report, e-Äriregister

Position in the industry Activities of head offices and management consultancy · EMTAK 70

Revenue · 2024 0 €

above 5% of companies

industry median 10 766 € · companies in the industry: 9 943

Taxes and turnover

No tax data available. EMTA publishes data for those who paid state taxes, filed a VAT return or had employees in the quarter. New and small companies may be missing.

Financials by year

2023 – 2025

Revenue, € 2024: 0 € · industry median 10 766 € · above 5% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 4 073 € · +254.2% vs 2024 · industry median 284 € · above 63% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 353 487 € · +55.1% vs 2024

Equity, € 2025: 5 559 € · +274.1% vs 2024

Employees 2025: 0 · industry median 1 · above 2% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year	Revenue, €	Net profit, €	Assets, €	Equity, €
2025	—	4 073	353 487	5 559
2024	0	-2 641	227 959	1 486
2023	0	1 628	146 361	4 128

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

Return on equity (ROE)

73.3 %

Net profit / equity

Return on assets (ROA)

1.2 %

Net profit / assets

Equity ratio

1.6 %

Equity / assets

Debt ratio

98.4 %

Liabilities / assets

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	2 Apr 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	18 May 2025	Company’s own	e-Äriregister
2023	3 Oct 2022 – 31 Dec 2023	29 May 2024	Company’s own	e-Äriregister

Board

Mahmut Çinar
Board member · since 3 Oct 2022
E-Residency Hub OÜ
Contact person · since 15 May 2023

Right of representation

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

Owners

Mahmut Çinar
Natural person · 2 500 €

100%

Beneficial owners

Mahmut Çinar
Direct ownership · DEU · since 3 Oct 2022

Founders and other persons

Mahmut Çinar
Founder · 2 500 € · 30 Sep 2022

Activities (EMTAK)

70201Business and other management consultancy activities Main

Rulings 7

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 50212031 / 7 21 May 2025	Amendment entry	In force 21 May 2025	PDF
Ä 50212031 / 6 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 50212031 / 5 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 50212031 / 4 15 May 2023	Amendment entry	In force 15 May 2023	PDF
Ä 50212031 / 3 2 May 2023	Amendment entry	In force 2 May 2023	PDF
Ä 50212031 / 2 1 Feb 2023	Amendment entry	In force 1 Feb 2023	PDF
Ä 50212031 3 Oct 2022	First entry	In force 3 Oct 2022	PDF

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