SYSTEMAIR AS

Legal form:: Public limited company
Registry code:: 10124312
VAT no.:: EE100011740
Fiscal-year period:: 01.05 - 30.04
Established:: 23.09.1996 (30 y)
Former business names:: AS APF GRUPP, aktsiaseltsA.P.F.GRUPP
Capital:: 29 190 EUR
Address:: Osmussaare tn 14, Lasnamäe linnaosa, Tallinn, Harju maakond, 13812
Status:: Registered

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Contacts

Phone:: +372 6061888
Website:: http://www.systemair.ee

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Industries

WHOLESALE AND RETAIL TRADE
Wholesale trade
Wholesale of other machinery, equipment and accessories
46649 – Wholesale of other machinery and equipment

Industry TOPNo. 4 of 315 companies

1.Aktsiaselts Hansab23.7M €
2.Osaühing Autra15.7M €
3.DANFOSS AKTSIASELTS15.4M €
4.SYSTEMAIR AS15M €
5.Strobil OÜ12.7M €
6.BMG Power Systems OÜ11.8M €
7.Nova natura OÜ10.9M €
8.Laduks OÜ10.6M €
9.Osaühing HNK ANALÜÜSITEHNIKA8.1M €
10.Osaühing Kompressorikeskus7.3M €

Main activity 46649 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100011740	01.01.1994	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.05.2025 – 30.04.2026	30.06.2026	Valid	PDF
2024	01.05.2024 – 30.04.2025	30.06.2025	Valid	PDF
2023	01.05.2023 – 30.04.2024	28.06.2024	Valid	PDF
2022	01.05.2022 – 30.04.2023	29.06.2023	Valid	PDF
2021	01.05.2021 – 30.04.2022	27.06.2022	Valid	PDF
2020	01.05.2020 – 30.04.2021	22.06.2021	Valid	PDF
2019	01.05.2019 – 30.04.2020	25.06.2020	Valid	PDF
2018	01.05.2018 – 30.04.2019	27.06.2019	Valid	PDF
2017	01.05.2017 – 30.04.2018	27.06.2018	Valid	PDF
2016	01.05.2016 – 30.04.2017	30.06.2017	Valid	PDF
2015	01.05.2015 – 30.04.2016	21.06.2016	Valid	PDF
2014	01.05.2014 – 30.04.2015	13.07.2015	Valid	PDF
2013	01.05.2013 – 30.04.2014	16.09.2014	Valid	PDF
2012	01.05.2012 – 30.04.2013	07.07.2014	Valid	PDF
2011	01.05.2011 – 30.04.2012	30.01.2014	Valid	PDF
2010	01.05.2010 – 30.04.2011	11.06.2013	Valid	PDF
2010	01.05.2010 – 30.04.2011	06.12.2012	Expired	PDF
2009	01.05.2009 – 30.04.2010	29.10.2010	Valid	PDF
2008	01.05.2008 – 30.04.2009	26.06.2009	Valid	PDF
2007	01.05.2007 – 30.04.2008	08.07.2008	Valid	PDF
2006	01.05.2006 – 30.04.2007	11.07.2007	Valid	PDF
2005	01.05.2005 – 30.04.2006	03.11.2006	Valid	PDF
2004	01.05.2004 – 30.04.2005	15.05.2006	Valid	PDF
2003	01.05.2003 – 30.04.2004	16.09.2004	Valid	PDF
2002	01.05.2002 – 30.04.2003	25.08.2003	Valid	PDF
2001	01.05.2001 – 30.04.2002	19.11.2002	Valid	PDF
2000	01.01.2000 – 30.04.2001	01.11.2001	Valid	PDF
1999	01.01.1999 – 31.12.1999	-	-
1998	01.01.1998 – 31.12.1998	-	-
1997	01.01.1997 – 31.12.1997	-	-
1996	01.01.1996 – 31.12.1996	-	-
1995	01.01.1995 – 31.12.1995	-	-

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions2 Official announcements–TTJA decisions–Real estate3 .ee domains2 Licenses–Regulations23 Public transactions81 Grants–State aid–Public procurement1 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	619 787 €	92 512 €	3,75 M €−11,9%	12
2026 Q2	658 485 €	88 703 €	4,26 M €+35,4%	13
2026 Q1	510 563 €	64 304 €	3,14 M €−18,1%	13
Total 2026:	1,79 M €	245 519 €	11,2 M €
2025 Q4	791 930 €	90 867 €	3,84 M €+17,3%	13
2025 Q3	539 392 €	100 625 €	3,27 M €−31,4%	14
2025 Q2	685 791 €	97 593 €	4,78 M €+83,0%	12
2025 Q1	421 552 €	83 183 €	2,61 M €−27,0%	13
Total 2025:	2,44 M €	372 268 €	14,5 M €
2024 Q4	525 770 €	78 347 €	3,58 M €+24,8%	13
2024 Q3	530 091 €	77 515 €	2,87 M €−29,3%	13
2024 Q2	592 420 €	94 081 €	4,05 M €+32,7%	14
2024 Q1	458 439 €	75 920 €	3,05 M €−2,4%	13
Total 2024:	2,11 M €	325 863 €	13,5 M €
2023 Q4	422 260 €	73 834 €	3,13 M €−58,1%	13
2023 Q3	467 690 €	73 711 €	7,46 M €+117%	13
2023 Q2	468 265 €	103 156 €	3,44 M €+77,6%	13
2023 Q1	288 250 €	69 158 €	1,94 M €−25,2%	13
Total 2023:	1,65 M €	319 859 €	16,0 M €
2022 Q4	348 048 €	66 615 €	2,59 M €−11,9%	12
2022 Q3	451 881 €	72 518 €	2,94 M €−5,2%	12
2022 Q2	431 041 €	75 963 €	3,10 M €+14,4%	12
2022 Q1	352 724 €	60 807 €	2,71 M €−0,1%	12
Total 2022:	1,58 M €	275 903 €	11,3 M €
2021 Q4	358 466,31 €	59 062,98 €	2,71 M €+11,2%	12
2021 Q3	331 802,88 €	51 860,27 €	2,44 M €+3,0%	12
2021 Q2	312 152,32 €	54 793,30 €	2,37 M €+25,4%	11
2021 Q1	253 846,14 €	53 540,63 €	1,89 M €−2,1%	13
Total 2021:	1,26 M €	219 257,18 €	9,41 M €
2020 Q4	264 000,11 €	50 116,29 €	1,93 M €+16,9%	11
2020 Q3	289 378,79 €	54 786,75 €	1,65 M €−37,2%	12
2020 Q2	362 254,75 €	66 557,57 €	2,63 M €+10,0%	14
2020 Q1	327 460 €	82 323 €	2,39 M €−26,0%	13
Total 2020:	1,24 M €	253 783,61 €	8,60 M €
2019 Q4	381 096 €	44 994 €	3,23 M €+44,3%	13
2019 Q3	385 077 €	52 070 €	2,24 M €−15,4%	13
2019 Q2	342 334 €	65 149 €	2,65 M €+23,4%	13
2019 Q1	284 966 €	52 176 €	2,14 M €−7,8%	13
Total 2019:	1,39 M €	214 389 €	10,3 M €
2018 Q4	278 879 €	48 454 €	2,33 M €−27,3%	12
2018 Q3	458 430 €	51 060 €	3,20 M €+78,5%	9
2018 Q2	247 479 €	56 625 €	1,79 M €+16,2%	11
2018 Q1	211 615 €	44 044 €	1,54 M €−31,2%	11
Total 2018:	1,20 M €	200 183 €	8,86 M €
2017 Q4	293 153 €	47 467 €	2,24 M €−1,0%	12
2017 Q3	353 113 €	50 472 €	2,27 M €+17,8%	13
2017 Q2	243 567 €	56 950 €	1,92 M €+21,5%	12
2017 Q1	216 938 €	44 527 €	1,58 M €+57,5%	12
Total 2017:	1,11 M €	199 416 €	8,02 M €
2016 Q4	271 237 €	41 414 €	1,01 M €−9,1%	12
2016 Q3	290 360 €	45 564 €	1,11 M €+16,9%	12
2016 Q2	185 370 €	38 990 €	946 817 €−3,6%	12
2016 Q1	184 630 €	40 433 €	981 878 €+20,0%	12
Total 2016:	931 597 €	166 401 €	4,04 M €
2015 Q4	184 762 €	42 042 €	818 153 €−6,2%	12
2015 Q3	304 314 €	44 840 €	872 597 €−11,8%	12
2015 Q2	225 618 €	50 865 €	989 833 €+24,5%	12
2015 Q1	154 678 €	40 844 €	794 831 €	12
Total 2015:	869 372 €	178 591 €	3,48 M €

Revenue by industry

	2023	2024	2025
Wholesale of other machinery and equipment		7 227 925 €	8 163 440 €
Wholesale of other general and special-purpose machinery and equipment	6 903 744 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Latvian Central Depository	40003XXXXXX	-	Share-register keeper	28.09.2017	-
Aivar Paluvee	36508XXXXXX	28.08.1965 (61)	Board member	29.05.2003	-
Alf Gerald Engström	-	13.05.1948 (78)	Board member	29.05.2003	-

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Shareholders

	Personal ID code
SYSTEMAIR AB	SE556XXXXXXXX	-	Shareholder	29 190 EUR	100,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
Bengt Anders Claesson Ulff	-	-	Supervisory-board member	05.01.2011	-
Svein Magnus Nilsen	27044XXXXXX	-	Supervisory-board member	05.01.2011	-
OÜ Audiitorbüroo RKT	10609794	29.12.1999 (26)	Audit firm	27.10.2010	-
Glen Kurt Gustav Nilsson	-	22.04.1952 (74)	Supervisory-board member	15.03.2000	-

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Ultimate beneficial owners

	Personal ID code
Alf Gerald Engström	-	13.05.1948 (78)	Indirect holding	08.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 3 753 040 €
Monthly average: 1 251 013 €
Per employee: 104 251 €
Equity ratio: 4 285,76%

Labour taxes

Turnover ratio: 2,46%
Tax ratio: 14,93%
Monthly average: 30 837 €
Per employee: 2 467 €

State taxes

Monthly average: 206 596 €
Turnover ratio: 16,51%

Estimated salary

Gross salary: 4 401 €
Net salary: 3 463 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	2 457 746 €−10,6%	2 749 688 €+12,0%	2 454 173 €+3,8%	2 364 493 €+11,5%	2 121 142 €+42,5%	1 488 096 €−14,6%	1 742 334 €
Non-current assets	3 244 294 €−20,8%	4 095 761 €−16,5%	4 907 189 €+383%	1 015 745 €−3,7%	1 054 274 €−1,4%	1 069 764 €−2,9%	1 101 945 €
Total assets	5 702 040 €−16,7%	6 845 449 €−7,0%	7 361 362 €+118%	3 380 238 €+6,5%	3 175 416 €+24,1%	2 557 860 €−10,1%	2 844 279 €
Short-term liabilities	822 847 €−25,5%	1 105 120 €+18,1%	935 853 €+5,2%	889 725 €+6,9%	832 653 €+70,8%	487 504 €−21,9%	624 570 €
Long-term liabilities	1 500 000 €−40,0%	2 500 000 €−26,5%	3 400 000 €+271%	-	-	915 979 €	-
Total liabilities	2 322 847 €−35,6%	3 605 120 €−16,9%	4 335 853 €+387%	889 725 €+6,9%	832 653 €−40,7%	1 403 483 €+125%	624 570 €
Share or stock capital	29 190 €	29 190 €	29 190 €	29 190 €	29 190 €	29 190 €	29 190 €
Retained earnings	2 662 220 €+3,6%	2 570 702 €+26,2%	2 037 719 €+3,4%	1 970 291 €+8,1%	1 823 247 €−1,6%	1 853 495 €+2,1%	1 815 151 €
Net profit	684 864 €+7,4%	637 518 €−33,3%	955 681 €+95,8%	488 113 €+0,1%	487 407 €+164%	184 752 €−50,4%	372 449 €
Equity	3 379 193 €+4,3%	3 240 329 €+7,1%	3 025 509 €+21,5%	2 490 513 €+6,3%	2 342 763 €+13,2%	2 070 356 €−6,7%	2 219 709 €
Turnover	8 235 436 €+12,9%	7 297 433 €+3,3%	7 066 315 €+6,1%	6 657 360 €+11,6%	5 967 117 €+37,9%	4 326 280 €−29,9%	6 167 431 €
Profit margin	8,3%	8,7%	13,5%	7,3%	8,2%	4,3%	6,0%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	580 364 €	557 993 €
Liquidity
Current ratio	2,7	2,5
Quick ratio	2,1	2,0
Cash ratio	1,2	1,4
Efficiency
Days sales outstanding (dso)	36,7	27,5
Asset turnover	2,0	2,1
Structure
Debt ratio	0,3	0,3
Profitability
Operating margin	8,1%	8,8%
Net profit margin	7,3%	8,2%
Return on assets (roa)	14,9%	17,0%
Return on equity (roe)	19,6%	20,8%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10072626 / 17	03.01.2022	Entry – Amendment entry	-	Entered into force03.01.2022
K 10072626 / 16	05.06.2020	Entry – Commercial-pledge cancellation entry	-	Entered into force05.06.2020
Ä 10072626 / 15	17.01.2018	Entry – Amendment entry	-	Entered into force17.01.2018
Ä 10072626 / 14	08.11.2017	Entry – Amendment entry	-	Entered into force08.11.2017
Ä 10072626 / 13	28.09.2017	Entry – Amendment entry	-	Entered into force28.09.2017

Real estate

		Purpose
Kadastiku tn 45b, Narva linn, Ida-Viru maakond	42 350 m²	Industrial land 95%, Commercial land 5%
Osmussaare tn 14, Lasnamäe linnaosa, Tallinn, Harju maakond	5934 m²	Commercial land 50%, Industrial land 50%
Osmussaare tn 14a, Lasnamäe linnaosa, Tallinn, Harju maakond	141 m²	Industrial land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-20-12151/49	Apellatsioonmenetlus	Court judgment	Law of obligations	Kaija Kaijanen, Imbi Sidok-Toomsalu, Vallo Kariler	ECLI:EE:TLRK:2022:2.20.12151.23568	01.07.2022	Open
2-20-12151/35	Kohtu I astme menetlus	Court judgment	Law of obligations	Kädi Vaker	ECLI:EE:HMK:2021:2.20.12151.28963	25.10.2021	Open

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


09.06.2026	Aktsiaselts Ida-Tallinna Keskhaigla	962,17 €Received	OPERATING EXPENSESGeneral hospital services
15.05.2026	Tallinna Tehnikaülikool	531,96 €Received	OPERATING EXPENSESTertiary education
12.05.2026	sihtasutus Tartu Ülikooli Kliinikum	1 040,56 €Received	OPERATING EXPENSESGeneral hospital services
29.04.2026	Osaühing Strantum	315,46 €Received	OPERATING EXPENSESOther economy, incl. economic administration
27.04.2026	sihtasutus Tartu Ülikooli Kliinikum	723,81 €Received	OPERATING EXPENSESGeneral hospital services

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts


16.03.2012End 30.03.2012	Reference number 131082 · Hankeleping	KaitsevägiContracting authority	26 700 €	Completed

.ee domains


systemaireesti.ee	Active	08.03.2022	09.03.2032
systemair.ee	Active	04.07.2010	01.09.2027

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.