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Marsh Kindlustusmaakler AS

Legal form:

Public limited company

Registry code:

10195016

VAT no.:

EE101174314

Fiscal-year period:

01.01 - 31.12

Established:

03.03.1997 (29)

Former business names:

BONNOR & KAASIK AS, Marsh & McLennan Eesti AS, Marsh Kindlustusvahenduse AS

Capital:

63 911,65 EUR

Address:

Tartu mnt 18, Kesklinna linnaosa, Tallinn, Harju maakond, 10145

Status:

Registered

Contacts

Email:

annely.palm@marsh.com

Phone:

+372 6811000

Website:

www.marsh.com

Industries

FINANCIAL AND INSURANCE ACTIVITIES
Auxiliary activities of financial services and insurance
Auxiliary activities for insurance and pension funding
Activities of insurance agents and brokers
66221 - Activities of insurance agents

VAT liability

	Start	End
EE101174314	11.09.2007

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	19.05.2026	Valid
2024	01.01.2024 - 31.12.2024	27.05.2025	Valid
2023	01.01.2023 - 31.12.2023	28.06.2024	Valid
2022	01.01.2022 - 31.12.2022	01.06.2023	Valid
2021	01.01.2021 - 31.12.2021	30.06.2022	Valid
2020	01.01.2020 - 31.12.2020	02.06.2021	Valid
2019	01.01.2019 - 31.12.2019	17.06.2020	Valid
2018	01.01.2018 - 31.12.2018	26.06.2019	Valid
2017	01.01.2017 - 31.12.2017	25.05.2018	Valid
2016	01.01.2016 - 31.12.2016	15.06.2017	Valid
2015	01.01.2015 - 31.12.2015	30.06.2016	Valid
2014	01.01.2014 - 31.12.2014	30.06.2015	Valid
2013	01.01.2013 - 31.12.2013	17.06.2014	Valid
2012	01.01.2012 - 31.12.2012	25.06.2013	Valid
2011	01.01.2011 - 31.12.2011	03.07.2012	Valid
2010	01.01.2010 - 31.12.2010	30.06.2011	Valid
2009	01.01.2009 - 31.12.2009	30.06.2010	Valid
2008	01.01.2008 - 31.12.2008	30.06.2009	Valid
2007	01.01.2007 - 31.12.2007	21.07.2008	Valid
2006	01.01.2006 - 31.12.2006	03.07.2007	Valid
2005	01.01.2005 - 31.12.2005	06.07.2006	Valid
2004	01.01.2004 - 31.12.2004	03.06.2005	Valid
2003	01.01.2003 - 31.12.2003	21.06.2004	Valid
2002	01.01.2002 - 31.12.2002	27.06.2003	Valid
2001	01.01.2001 - 31.12.2001	18.04.2002	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 09.09.2026.

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Credit rating

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	247 655 €	265 691 €	13 438 €86.6%	20
2026 Q1	173 441 €	158 583 €	100 231 €60.1%	20
Kokku 2026:	421 096 €	424 274 €	113 669 €
2025 Q4	353 903 €	148 356 €	62 605 €12.9%	19
2025 Q3	396 736 €	167 007 €	55 462 €211.0%	19
2025 Q2	266 242 €	277 523 €	17 835 €81.4%	20
2025 Q1	174 901 €	160 518 €	95 640 €0.2%	22
Kokku 2025:	1 191 782 €	753 404 €	231 542 €26.5%
2024 Q4	153 992 €	138 020 €	95 876 €10.0%	22
2024 Q3	248 175 €	160 126 €	87 151 €135.7%	22
2024 Q2	258 548 €	263 758 €	36 970 €61.0%	22
2024 Q1	148 219 €	133 935 €	94 859 €23.5%	22
Kokku 2024:	808 934 €	695 839 €	314 856 €15.0%
2023 Q4	148 477 €	136 497 €	76 828 €38.8%	23
2023 Q3	232 853 €	167 112 €	125 606 €337.0%	23
2023 Q2	237 613 €	244 345 €	28 745 €79.4%	24
2023 Q1	163 911 €	141 022 €	139 442 €37.0%	24
Kokku 2023:	782 853 €	688 976 €	370 620 €11.3%
2022 Q4	175 761 €	135 210 €	221 385 €374.2%	28
2022 Q3	189 615 €	143 411 €	46 682 €93.5%	29
2022 Q2	214 652 €	220 381 €	24 121 €41.1%	25
2022 Q1	208 350 €	205 649 €	40 946 €76.8%	23
Kokku 2022:	788 378 €	704 651 €	333 135 €0.0%
2021 Q4	143 919 €	111 441 €	176 639 €185.1%	22
2021 Q3	221 798 €	128 225 €	61 958 €1 372.0%	20
2021 Q2	254 027 €	266 069 €	4 209 €95.3%	18
2021 Q1	133 173 €	120 657 €	90 298 €28.3%	19
Kokku 2021:	752 918 €	626 392 €	333 104 €65.1%
2020 Q4	116 746 €	106 598 €	70 355 €67.1%	19
2020 Q3	201 223 €	125 219 €	42 109 €1 102.2%	20
2020 Q2	232 951 €	243 486 €	3 503 €95.9%	20
2020 Q1	136 281 €	123 482 €	85 774 €59.9%	20
Kokku 2020:	687 201 €	598 784 €	201 741 €43.9%
2019 Q4	109 405 €	101 324 €	53 635 €19.4%	20
2019 Q3	175 064 €	113 968 €	66 564 €2 023.9%	20
2019 Q2	209 706 €	218 959 €	3 134 €81.4%	19
2019 Q1	113 117 €	114 912 €	16 889 €86.4%	19
Kokku 2019:	607 292 €	549 163 €	140 222 €47.6%
2018 Q4	127 866 €	105 943 €	124 533 €121.5%	19
2018 Q3	112 061 €	104 631 €	56 234 €598.7%	18
2018 Q2	164 004 €	94 335 €	8 048 €89.8%	16
2018 Q1	195 956 €	186 126 €	78 731 €9.3%	17
Kokku 2018:	599 887 €	491 035 €	267 546 €10.8%
2017 Q4	100 444 €	90 398 €	72 005 €44.6%	17
2017 Q3	153 402 €	99 507 €	49 805 €4 910.6%	17
2017 Q2	131 455 €	139 005 €	994 €99.2%	17
2017 Q1	216 747 €	98 150 €	118 677 €70.5%	17
Kokku 2017:	602 048 €	427 060 €	241 481 €85.9%
2016 Q4	96 444 €	95 376 €	402 284 €16.3%	16
2016 Q3	82 938 €	81 978 €	345 771 €40.0%	16
2016 Q2	129 507 €	136 585 €	576 099 €47.6%	16
2016 Q1	107 965 €	92 512 €	390 205 €10.1%	16
Kokku 2016:	416 854 €	406 451 €	1 714 359 €1.5%
2015 Q4	322 380 €	98 694 €	433 939 €20.4%	16
2015 Q3	77 789 €	81 994 €	360 513 €26.8%	16
2015 Q2	106 244 €	111 995 €	492 420 €8.5%	16
2015 Q1	125 940 €	103 212 €	453 805 €	16
Kokku 2015:	632 353 €	395 895 €	1 740 677 €

Revenue by industry

	2023	2024	2025
Activities of insurance agents and brokers	3 404 860 €	3 423 956 €	3 304 814 €

Tax debts

No tax debt found

No tax debt as of 09.09.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Annely Palm	47407XXXXXX	06.07.1974 (52)	Board member	03.06.2025	-
Vladimir Ossipov	37209XXXXXX	11.09.1972 (53)	Board member	13.04.2022	-

7 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
MARSH AS	DK873XXXXX	-	Shareholder	63 911,65 EUR	100	Sole ownership	16.08.2023	-

6 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Crowe DNW OÜ	-	-	Audit firm	02.06.2025	-
Artur Henryk Grzeskowiak	-	29.06.1972 (54)	Chairman of the supervisory board	23.09.2023	-
Piotr Dariusz Podlesny	-	25.09.1967 (58)	Supervisory-board member	23.09.2023	-
Hanna Ladygin	-	10.12.1972 (53)	Supervisory-board member	23.09.2023	-
Viktor Kaasik	-	-	Founder	03.03.1997	-

6 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 6 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Hanna Ladygin	-	10.12.1972 (53)	Member of higher governing body (board or supervisory board)	05.12.2024	-
Artur Henryk Grzeskowiak	-	29.06.1972 (54)	Member of higher governing body (board or supervisory board)	05.06.2023	-
Piotr Dariusz Podlesny	-	25.09.1967 (58)	Member of higher governing body (board or supervisory board)	05.06.2023	-

1 - 3 / 3 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

1 inactive record hidden, extended access to the information portal is required to view history!

2026 Q2

Turnover

Amount

13 438 €

Monthly average

4 479 €

Per employee

224 €

Equity ratio

7,01%

Labour taxes

Turnover ratio

1 977,16%

Tax ratio

107,28%

Monthly average

88 564 €

Per employee

4 428 €

State taxes

Monthly average

82 552 €

Turnover ratio

1 842,95%

Estimated salary

Gross salary

7 697 €

Net salary

5 871 €

Aggregate data

	2025	2024	2023	2022	2021	2020	2019
Current assets	12 389 636 €5.0%	11 804 935 €7.5%	10 980 520 €21.0%	9 075 606 €1.3%	8 961 019 €28.1%	6 993 355 €5.3%	7 387 648 €
Non-current assets	392 555 €11.0%	441 094 €9.9%	489 801 €3.1%	505 272 €162.9%	192 161 €8.7%	210 498 €5.5%	222 671 €
Total assets	12 782 191 €4.4%	12 246 029 €6.8%	11 470 321 €19.7%	9 580 878 €4.7%	9 153 180 €27.1%	7 203 853 €5.3%	7 610 319 €
Short-term liabilities	11 537 095 €15.1%	10 024 959 €2.8%	9 747 627 €13.9%	8 559 991 €1.7%	8 417 124 €28.6%	6 545 308 €6.1%	6 968 152 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	11 537 095 €15.1%	10 024 959 €2.8%	9 747 627 €13.9%	8 559 991 €1.7%	8 417 124 €28.6%	6 545 308 €6.1%	6 968 152 €
Share or stock capital	63 912 €	63 912 €	63 912 €	63 912 €	63 912 €	63 912 €	63 912 €
Retained earnings	657 158 €46.8%	1 235 341 €88.0%	656 975 €58.6%	414 144 €186.3%	144 633 €23.2%	188 269 €40.8%	317 835 €
Net profit	524 026 €43.2%	921 817 €8.0%	1 001 807 €84.6%	542 831 €2.9%	527 511 €29.8%	406 364 €56.0%	260 420 €
Equity	1 245 096 €43.9%	2 221 070 €28.9%	1 722 694 €68.7%	1 020 887 €38.7%	736 056 €11.8%	658 545 €2.6%	642 167 €
Turnover	3 304 814 €3.5%	3 423 956 €0.6%	3 404 860 €12.9%	3 015 573 €7.3%	2 809 114 €18.4%	2 372 662 €3.4%	2 295 401 €
Profit margin	15.86%41.1%	26.92%8.5%	29.42%63.5%	18.00%4.1%	18.78%9.6%	17.13%51.0%	11.35%

Financial ratios

	2025	2024	2023	2022	2021
Profit and cash flow
EBITDA	MHH HJU	K HZL JOQ	A TBA CGL	599 862	627 101
Liquidity
Current ratio	E.W	B.Q	U.U	1.1	1.1
Quick ratio	Z.B	M.U	C.B	1.1	1.1
Cash ratio	O.G	C.L	E.V	0.2	0.3
Efficiency
Days sales outstanding (dso)	R YFW.M	IMB.J	ESO.X	867.0	776.8
Asset turnover	B.D	A.B	Q.F	0.3	0.3
Structure
Debt ratio	A.K	W.W	V.C	0.9	0.9
Profitability
Operating margin	PQ.L%	SI.W%	UW.Y%	19.4%	21.9%
Net profit margin	NS.A%	QX.V%	KP.F%	18.0%	18.8%
Return on assets (roa)	A.J%	M.M%	N.R%	5.8%	6.4%
Return on equity (roe)	MO.F%	OQ.W%	TS.Y%	53.2%	71.7%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 10010906 / 24	03.06.2025	Entry - Amendment entry		Entered into force (03.06.2025)
Ä 10010906 / M9	28.05.2025	Order to remedy deficiencies - Amendment entry	12.06.2025	Deficiencies remedied (02.06.2025)
Ä 10010906 / 23	17.06.2024	Entry - Amendment entry		Entered into force (17.06.2024)
Ä 10010906 / M8	28.05.2024	Order to remedy deficiencies - Amendment entry	13.06.2024	Deficiencies remedied (17.06.2024)
Ä 10010906 / 22	13.04.2022	Entry - Amendment entry		Entered into force (13.04.2022)

1 - 5 / 26 rows

Real estate

Address	Area	Purpose
Tartu mnt 18, Kesklinna linnaosa, Tallinn, Harju maakond	413 m²	Commercial land 100%
Tartu mnt 18, Kesklinna linnaosa, Tallinn, Harju maakond	413 m²	Commercial land 100%

1 - 2 / 2 rows

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date	Participants
2-18-11940/26	Civil case	Court judgment	Law of obligations	Kaie Almere	ECLI:EE:HMK:2020:2.18.11940.25944	08.12.2020

1 - 1 / 1 rows

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions

Date	Party	Amount	Classification
14.08.2026	AS Eesti Varude Keskus	43 548.19 € Received	OPERATING EXPENSES Other fuels
21.07.2026	AS Eesti Varude Keskus	1 380.00 € Received	OPERATING EXPENSES Other fuels
20.07.2026	Tallinna Ülikool	1 069.88 € Received	OPERATING EXPENSES Tertiary education
10.07.2026	Aktsiaselts Lahevesi	3 331.24 € Received	OPERATING EXPENSES Water supply
29.06.2026	Lääne-Harju Vallavalitsus	3 215.51 € Received	OPERATING EXPENSES Municipal government

1 - 5 / 155 rows

.ee domains

Domain	Status	Registered	Expires	End
marsh.ee	Active	04.07.2010	31.12.2026	-

1 - 1 / 1 rows

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