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AS MSI GRUPP

Legal form:

Public limited company

Registry code:

10243614

VAT no.:

EE100023291

Fiscal-year period:

01.01 - 31.12

Established:

05.08.1997 (28)

Former business names:

AS M.S.I.GRUPP

Capital:

1 433 600 EUR

Address:

Rävala pst 6, Kesklinna linnaosa, Tallinn, Harju maakond, 10143

Status:

Registered

Contacts

Email:

msi@msigrupp.ee

Phone:

+372 6814555

Website:

www.msigrupp.ee

Industries

REAL ESTATE ACTIVITIES
Real estate activities
68201 - Renting and operating of own or leased real estate
PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Architectural & engineering activities; technical testing and analysis
Architectural & engineering activities and technical consultancy
Engineering activities and related technical consultancy
71121 - Construction engineering design and consultancy

VAT liability

	Start	End
EE100023291	01.10.1994

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	30.06.2026	Valid
2024	01.01.2024 - 31.12.2024	27.06.2025	Valid
2023	01.01.2023 - 31.12.2023	06.06.2024	Valid
2022	01.01.2022 - 31.12.2022	30.06.2023	Valid
2021	01.01.2021 - 31.12.2021	27.05.2022	Valid
2020	01.01.2020 - 31.12.2020	30.05.2021	Valid
2019	01.01.2019 - 31.12.2019	28.05.2020	Valid
2018	01.01.2018 - 31.12.2018	31.05.2019	Valid
2017	01.01.2017 - 31.12.2017	04.06.2018	Valid
2016	01.01.2016 - 31.12.2016	01.06.2017	Valid
2015	01.01.2015 - 31.12.2015	07.06.2016	Valid
2014	01.01.2014 - 31.12.2014	29.05.2015	Valid
2013	01.01.2013 - 31.12.2013	07.06.2014	Valid
2012	01.01.2012 - 31.12.2012	11.06.2013	Valid
2011	01.01.2011 - 31.12.2011	12.06.2012	Valid
2010	01.01.2010 - 31.12.2010	21.06.2011	Valid
2009	01.01.2009 - 31.12.2009	08.07.2010	Valid
2008	01.01.2008 - 31.12.2008	24.07.2009	Valid
2007	01.01.2007 - 31.12.2007	03.07.2008	Valid
2006	01.01.2006 - 31.12.2006	12.07.2007	Valid
2005	01.01.2005 - 31.12.2005	13.07.2006	Valid
2004	01.01.2004 - 31.12.2004	07.07.2005	Valid
2003	01.01.2003 - 31.12.2003	11.01.2005	Valid
2002	01.01.2002 - 31.12.2002	14.09.2004	Valid
2001	01.01.2001 - 31.12.2001	05.07.2002	Valid
2000	01.01.2000 - 31.12.2000	28.06.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 21.07.2026.

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	142 748 €	87 335 €	623 612 €14.9%	36
2026 Q1	284 093 €	86 640 €	732 632 €28.1%	37
Kokku 2026:	426 841 €	173 975 €	1 356 244 €
2025 Q4	443 807 €	90 906 €	1 018 667 €79.0%	36
2025 Q3	246 485 €	92 347 €	569 030 €8.4%	37
2025 Q2	160 444 €	86 695 €	621 063 €13.1%	38
2025 Q1	262 868 €	93 421 €	714 842 €13.0%	37
Kokku 2025:	1 113 604 €	363 369 €	2 923 602 €10.4%
2024 Q4	246 195 €	90 162 €	632 425 €8.2%	39
2024 Q3	203 907 €	85 235 €	584 721 €8.5%	38
2024 Q2	164 805 €	76 223 €	639 225 €19.2%	38
2024 Q1	170 644 €	81 518 €	791 213 €16.7%	39
Kokku 2024:	785 551 €	333 138 €	2 647 584 €6.3%
2023 Q4	199 279 €	77 820 €	678 130 €5.2%	39
2023 Q3	207 916 €	91 562 €	644 840 €6.6%	39
2023 Q2	139 035 €	72 554 €	690 154 €15.2%	40
2023 Q1	201 311 €	77 725 €	813 900 €7.1%	41
Kokku 2023:	747 542 €	319 661 €	2 827 024 €4.4%
2022 Q4	213 878 €	85 926 €	759 865 €4.7%	43
2022 Q3	173 720 €	86 653 €	725 881 €3.0%	45
2022 Q2	137 793 €	79 687 €	704 667 €8.2%	43
2022 Q1	215 035 €	78 588 €	767 324 €21.3%	42
Kokku 2022:	740 425 €	330 854 €	2 957 736 €27.4%
2021 Q4	213 092 €	77 696 €	632 369 €17.9%	40
2021 Q3	213 826 €	92 828 €	536 161 €6.3%	40
2021 Q2	132 642 €	75 560 €	572 015 €1.5%	39
2021 Q1	246 656 €	70 441 €	580 561 €3.2%	49
Kokku 2021:	806 216 €	316 525 €	2 321 105 €1.9%
2020 Q4	226 992 €	80 717 €	562 825 €4.2%	49
2020 Q3	203 317 €	90 347 €	539 939 €1.3%	49
2020 Q2	197 271 €	90 319 €	533 169 €16.9%	54
2020 Q1	272 019 €	81 251 €	641 522 €0.3%	55
Kokku 2020:	899 599 €	342 633 €	2 277 455 €8.4%
2019 Q4	344 061 €	89 434 €	643 729 €16.3%	54
2019 Q3	240 568 €	127 451 €	553 513 €8.4%	59
2019 Q2	212 427 €	103 348 €	603 986 €11.9%	58
2019 Q1	235 251 €	98 484 €	685 688 €13.0%	56
Kokku 2019:	1 032 307 €	418 717 €	2 486 916 €4.7%
2018 Q4	201 511 €	97 048 €	606 930 €15.5%	59
2018 Q3	191 471 €	107 100 €	525 357 €11.7%	59
2018 Q2	342 746 €	98 746 €	594 700 €8.2%	61
2018 Q1	203 195 €	95 826 €	648 102 €4.1%	61
Kokku 2018:	938 923 €	398 720 €	2 375 089 €10.0%
2017 Q4	223 678 €	98 164 €	622 324 €0.1%	60
2017 Q3	215 452 €	111 444 €	621 668 €8.6%	63
2017 Q2	371 037 €	96 160 €	680 287 €4.7%	60
2017 Q1	212 178 €	101 744 €	713 485 €15.0%	60
Kokku 2017:	1 022 345 €	407 512 €	2 637 764 €2.2%
2016 Q4	280 024 €	107 137 €	620 343 €11.1%	52
2016 Q3	196 238 €	120 502 €	697 732 €8.9%	52
2016 Q2	187 653 €	110 668 €	640 789 €2.8%	52
2016 Q1	205 030 €	107 619 €	623 137 €6.4%	52
Kokku 2016:	868 945 €	445 926 €	2 582 001 €3.8%
2015 Q4	213 870 €	103 015 €	665 483 €8.6%	59
2015 Q3	176 455 €	112 767 €	728 480 €11.6%	59
2015 Q2	177 939 €	101 036 €	652 699 €2.6%	59
2015 Q1	205 924 €	98 503 €	636 337 €	59
Kokku 2015:	774 188 €	415 321 €	2 682 999 €

Revenue by industry

	2023	2024	2025
Renting and operating of own or leased real estate	2 747 000 €	2 595 369 €	2 398 592 €
Construction engineering design and consultancy	47 000 €	32 400 €	82 870 €

Tax debts

No tax debt found

No tax debt as of 21.07.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Mati Ivask	35311XXXXXX	28.11.1953 (72)	Board member	08.11.2017	-
Dmitri Mälson	35512XXXXXX	30.12.1955 (70)	Board member	26.08.2016	-
Ludmila Kanepe	45504XXXXXX	21.04.1955 (71)	Board member	26.08.2016	-

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

1 - 3 / 3 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
Viktor Arhipov	35305XXXXXX	20.05.1953 (73)	Shareholder	238 796,80 EUR	16,66	Sole ownership	16.08.2023	-
Ain Sigus	35404XXXXXX	08.04.1954 (72)	Shareholder	238 796,80 EUR	16,66	Sole ownership	16.08.2023	-
Mati Ivask	35311XXXXXX	28.11.1953 (72)	Shareholder	238 796,80 EUR	16,66	Sole ownership	16.08.2023	-
MKJ Haldusgrupp AS	-	11.12.2001 (24)	Shareholder	717 209,60 EUR	50,03	Sole ownership	16.08.2023	-

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

1 - 4 / 4 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Viktor Arhipov	35305XXXXXX	20.05.1953 (73)	Chairman of the supervisory board	04.09.2025	-
Martin Sigus	38002XXXXXX	18.02.1980 (46)	Supervisory-board member	04.09.2025	-
Ernests Kaneps	35908XXXXXX	03.08.1959 (66)	Supervisory-board member	15.11.2023	-
Grant Thornton Baltic OÜ	-	-	Audit firm	17.06.2011	-

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

1 - 4 / 4 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Aleksandra Kargina	48407XXXXXX	11.07.1984 (42)	Right to appoint or remove most executive or governing-body members	21.11.2023	-
Enn Heinsoo	35006XXXXXX	19.06.1950 (76)	Right to appoint or remove most executive or governing-body members	21.11.2023	-
Marina Smolina	47709XXXXXX	14.09.1977 (48)	Right to appoint or remove most executive or governing-body members	21.11.2023	-
Martin Sigus	38002XXXXXX	18.02.1980 (46)	Member of higher governing body (board or supervisory board)	21.11.2023	-
Ain Sigus	35404XXXXXX	08.04.1954 (72)	Direct holding	30.10.2018	-

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

1 - 5 / 9 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
osaühing Cueks Racing Service	11.02.1999	Shareholder	2 556,00 EUR	100	Sole ownership	01.09.2023	-
Aktsiaselts BETONEKS	07.07.1997	Shareholder	181 467,00 EUR	90	Sole ownership	16.08.2023	-

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

1 - 2 / 2 rows

2026 Q2

Turnover

Amount

623 612 €

Monthly average

207 871 €

Per employee

5 774 €

Equity ratio

14,50%

Labour taxes

Turnover ratio

14,00%

Tax ratio

61,18%

Monthly average

29 112 €

Per employee

798 €

State taxes

Monthly average

47 583 €

Turnover ratio

22,89%

Estimated salary

Gross salary

1 585 €

Net salary

1 323 €

Aggregate data

	2025	2024	2023	2022	2021	2020	2019
Current assets	7 578 449 €78.3%	4 249 330 €35.8%	3 128 000 €62.8%	8 414 000 €77.3%	37 144 000 €120.6%	16 834 000 €42.8%	11 791 000 €
Non-current assets	7 118 277 €13.7%	6 259 100 €1.1%	6 193 000 €24.1%	8 162 000 €2.0%	8 000 000 €3.3%	8 277 000 €13.2%	9 537 000 €
Total assets	14 696 726 €39.9%	10 508 430 €12.7%	9 321 000 €43.8%	16 576 000 €63.3%	45 144 000 €79.8%	25 111 000 €17.7%	21 328 000 €
Short-term liabilities	6 614 830 €91.0%	3 462 589 €100.6%	1 726 000 €71.4%	6 025 000 €81.5%	32 482 000 €133.8%	13 893 000 €50.4%	9 240 000 €
Long-term liabilities	541 446 €60.6%	337 200 €5.7%	319 000 €29.3%	451 000 €83.0%	2 647 000 €498.9%	442 000 €30.9%	640 000 €
Total liabilities	7 156 276 €88.3%	3 799 789 €85.8%	2 045 000 €68.4%	6 476 000 €81.6%	35 129 000 €145.1%	14 335 000 €45.1%	9 880 000 €
Share or stock capital	1 433 600 €	1 433 600 €0.0%	1 434 000 €	1 434 000 €	1 434 000 €	1 434 000 €	1 434 000 €
Retained earnings	4 493 163 €16.7%	5 393 574 €36.8%	8 530 000 €2.2%	8 350 000 €2.3%	8 548 000 €3.2%	8 834 000 €8.1%	9 617 000 €
Net profit	1 613 687 €1 461.4%	-118 533 €95.6%	-2 688 000 €950.6%	316 000 €857.6%	33 000 €93.5%	508 000 €28.0%	397 000 €
Equity	7 540 450 €12.4%	6 708 641 €7.8%	7 276 000 €28.0%	10 100 000 €0.8%	10 015 000 €7.1%	10 776 000 €5.9%	11 448 000 €
Turnover	24 955 882 €70.5%	14 640 145 €10.4%	13 261 000 €63.7%	36 525 000 €18.2%	44 678 000 €56.1%	28 618 000 €10.9%	25 807 000 €
Profit margin	6.47%898.6%	-0.81%96.0%	-20.27%2 442.9%	0.87%1 071.3%	0.07%95.8%	1.78%15.4%	1.54%

Financial ratios

	2025	2024	2023	2022	2021
Profit and cash flow
EBITDA	W MEV JAO	EXM ENE	YIH LMA	607 000	718 000
Liquidity
Current ratio	A.I	J.O	H.J	2.0	1.8
Quick ratio	H.C	R.K	L.C	2.0	1.8
Cash ratio	E.K	T.M	J.K	0.5	0.3
Efficiency
Days sales outstanding (dso)	HA.R	RU.O	XT.L	95.2	98.4
Asset turnover	D.G	Z.S	H.I	0.5	0.4
Structure
Debt ratio	W.Z	J.W	N.V	0.1	0.1
Profitability
Operating margin	QZ.B%	DA.R%	TD.Y%	8.8%	10.3%
Net profit margin	XV.W%	FF.Z%	-BR.N%	6.1%	12.1%
Return on assets (roa)	TD.I%	S.G%	-KF.X%	3.0%	4.5%
Return on equity (roe)	UN.F%	L.K%	-LR.P%	3.4%	5.2%

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Licences & notices

Type	Number	Field	Status	Start	End
Notice of economic activity	EH10243614-0001	- > Construction	Valid	07.03.2003	-
Notice of economic activity	EK10243614-0001	- > Building audit	Valid	07.03.2003	-
Notice of economic activity	EO10243614-0001	- > Owner’s supervision	Valid	07.03.2003	-
Notice of economic activity	EP10243614-0001	- > Design / engineering	Valid	07.03.2003	-

1 - 4 / 4 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 10081890 / M6	16.09.2022	Order to remedy deficiencies for correcting extra-entry data - Amendment entry	01.10.2022	Entered into force (16.09.2022)
Ä 10081890 / M5	19.07.2018	Order to remedy deficiencies for correcting extra-entry data - Amendment entry	18.08.2018	Deficiencies remedied (25.07.2018)
Ä 10081890 / 11	17.01.2018	Entry - Amendment entry		Entered into force (17.01.2018)
Ä 10081890 / 10	08.11.2017	Entry - Amendment entry		Entered into force (08.11.2017)
Ä 10081890 / 9	28.09.2017	Entry - Amendment entry		Entered into force (28.09.2017)

1 - 5 / 24 rows

Real estate

Address	Area	Purpose
Betooni tn 1e, Lasnamäe linnaosa, Tallinn, Harju maakond	7098 m²	Industrial land 100%
Betooni tn 1f, Lasnamäe linnaosa, Tallinn, Harju maakond	5512 m²	Industrial land 100%
Gaasi tn 6a, Lasnamäe linnaosa, Tallinn, Harju maakond	5789 m²	Industrial land 100%
Kukermiidi tn 1, Nõmme linnaosa, Tallinn, Harju maakond	5017 m²	Commercial land 10%, Industrial land 90%
Kukermiidi tn 10, Nõmme linnaosa, Tallinn, Harju maakond	6229 m²	Industrial land 100%

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

1 - 5 / 29 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
2-20-134036/17	Civil case	Court judgment	Law of obligations	Mai Grauberg	ECLI:EE:HMK:2021:2.20.134036.8992	15.04.2021
2-20-119724/4	Civil case	Court ruling (Compromise ruling)	Law of obligations	Mai Grauberg	ECLI:EE:HMK:2020:2.20.119724.17496	31.08.2020
2-19-19207/18	Civil case	Court ruling	Bankruptcy law	Karin Sonntak	ECLI:EE:HMK:2020:2.19.19207.8002	24.03.2020
2-17-2161/32	Civil case	Court ruling (Compromise ruling)	Property law	Vallo Kariler	ECLI:EE:HMK:2018:2.17.2161.17185	13.08.2018
2-15-2284/26	Civil case	Court judgment	Law of obligations	Margo Klaar, Indrek Parrest, Ülle Jänes	ECLI:EE:TLRK:2016:2.15.2284.18853	28.03.2016

1 - 5 / 9 rows

Official announcements

Subject	Date
Notice of granting or refusal of an environmental permit	06.03.2024
Notice of alienation of state property	22.04.2021
Notice of granting or refusal of an environmental permit	02.07.2020
Notice of granting or refusal of a special water-use permit	06.03.2019
Notice of disclosure of the draft special water-use permit	18.02.2019

1 - 5 / 8 rows

Public transactions

Date	Party	Amount	Classification
10.06.2025	Sihtasutus Südalinna Teater	305.00 € Received	OPERATING EXPENSES Theatres
12.05.2025	Sihtasutus Südalinna Teater	305.00 € Received	OPERATING EXPENSES Theatres
10.04.2025	Sihtasutus Südalinna Teater	305.00 € Received	OPERATING EXPENSES Theatres
13.03.2025	Sihtasutus Südalinna Teater	344.04 € Received	OPERATING EXPENSES Theatres
12.03.2025	Sihtasutus Südalinna Teater	305.00 € Received	OPERATING EXPENSES Theatres

1 - 5 / 16 rows

.ee domains

Domain	Status	Registered	Expires	End
msigrupp.ee	Active	04.07.2010	17.12.2026	-

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