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Baltic Workboats AS

Legal form:
Public limited company
Registry code:
10657801
VAT no.:
EE100619757
Fiscal-year period:
01.01 - 31.12
Established:
27.04.2000 (26 y)
Former business names:
Aktsiaselts Saare Töölaevad
Capital:
31 956 EUR
Address:
Sadama tee 26, Nasva alevik, Saaremaa vald, Saare maakond, 93872
Status:
Registered
LEI code:
2549008LLS2RPZRHID12
E-invoice reception:
Billberry

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Contacts

Phone:
+372 4521140
Email:
teade@bwb.ee
Website:
www.balticworkboats.ee

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Industries

Industry TOPNo. 1 of 49 companies

Main activity 30111 · turnover over the last 4 quarters

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VAT liability

VAT no.StartEnd
EE10061975701.06.2000-

Annual reports

YearPeriodSubmittedStatus
202501.01.2025 – 31.12.202508.07.2026ValidPDF
202401.01.2024 – 31.12.202418.07.2025ValidPDF
202301.01.2023 – 31.12.202329.06.2024ValidPDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 19.10.2026.

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Tax data

PeriodState taxesLabour taxesTaxable turnoverEmployees
2026 Q3901 659 €932 779 €8,13 M €−64,0%197
2026 Q21,04 M €1,08 M €22,6 M €−20,2%197
2026 Q11,07 M €1,03 M €28,4 M €+146%193
Total 2026:3,01 M €3,04 M €59,1 M €
2025 Q41,80 M €1,09 M €11,5 M €+55,2%193
2025 Q31,09 M €1,13 M €7,44 M €−10,6%191
2025 Q2953 443 €1,01 M €8,32 M €−70,6%193

Revenue by industry

202320242025
Construction of civilian ships48 652 508 €65 013 224 €
Repair and maintenance of civilian ships and boats709 385 €429 400 €
All other professional, scientific and technical activities n.e.c.2 399 306 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

Personal ID code
Margus Vanaselja37107XXXXXX17.07.1971 (55)Board member17.11.2025-
Erik Aleksejev37611XXXXXX25.11.1976 (49)Board member09.12.2024-
Ahto Pärl38001XXXXXX10.01.1980 (46)Board member12.07.2024-

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1 – 3 / 3 rows

Holdings in companies

Baltic Workboats U.S. OÜ07.02.2017Shareholder2 500 EUR100,00%Sole ownership16.08.2023-
SkyChartering OÜ18.10.2022Shareholder1 250 EUR50,00%Sole ownership01.09.2023-
Sirentech Solutions OÜ27.03.2024Shareholder6 225 EUR24,90%Sole ownership27.03.2024-
MultiCharge OÜ17.12.2018Shareholder232,70 EUR1,18%Sole ownership20.01.2026-

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1 – 4 / 4 rows
2026 Q3

Turnover

Amount
8 134 329 €
Monthly average
2 711 443 €
Per employee
13 764 €
Equity ratio
8 484,93%

Labour taxes

Turnover ratio
11,47%
Tax ratio
103,45%
Monthly average
310 926 €
Per employee
1 578 €

State taxes

Monthly average
300 553 €
Turnover ratio
11,08%

Estimated salary

Gross salary
2 884 €
Net salary
2 323 €

Aggregate data

20252024202320222021
Current assets33 737 768 €+9,0%30 943 912 €−46,0%57 307 280 €+58,8%36 078 496 €+41,0%25 594 612 €+24,0%
Non-current assets15 273 323 €+3,0%14 835 436 €−46,0%27 454 576 €+19,6%22 961 516 €−4,4%24 009 172 €−8,7%
Total assets49 011 092 €+7,1%45 779 348 €−46,0%84 761 856 €+43,6%59 040 016 €+19,0%49 603 784 €+5,7%
Short-term liabilities32 227 560 €+1,3%31 821 744 €−35,6%49 430 400 €+66,4%29 707 366 €+8,9%27 267 288 €−2,6%
Long-term liabilities8 574 490 €−4,2%8 949 312 €−47,6%17 072 124 €+40,0%12 198 728 €+70,9%7 138 556 €+20,9%
Total liabilities40 802 050 €+0,1%40 771 056 €−38,7%66 502 524 €+58,7%41 906 094 €+21,8%34 405 844 €+1,5%

Financial ratios

20252024202320222021
Profit and cash flow
EBITDA3 970 184 €4 071 425 €
Liquidity
Current ratio1,20,9
Quick ratio0,90,6

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Licences & notices

LicenseSLV22/7308Frequency licencesValid13.12.202212.12.2023
LicenseSLV22/6054Frequency licencesValid02.11.202202.07.2023
LicenseSLV22/6057Frequency licencesValid02.11.202202.07.2023
LicenseSLV22/4871Frequency licencesValid17.08.202217.12.2022
License84Maritime affairsValid17.05.2006-
1 – 5 / 5 rows

Regulations

Ä 30013816 / 3619.01.2026Entry – Amendment entry-Entered into force19.01.2026
Ä 30013816 / 3517.11.2025Entry – Amendment entry-Entered into force17.11.2025
Ä 30013816 / M1312.07.2025Fine-warning order – annual report not filed11.08.2025Deficiencies remedied19.07.2025
K 30013816 / 3408.01.2025Entry – Commercial-pledge opening entry-Entered into force08.01.2025
K 30013816 / M1231.12.2024Directive order – Commercial-pledge opening entry10.01.2025Deficiencies remedied31.12.2024
1 – 5 / 55 rows

Real estate

No real estate found

Company has no real estate

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Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

No court decisions found

The company has no court decisions

Official announcements

Notice of granting or refusal of an environmental permit29.01.2026PDF
Notice of preparation of a division plan or conclusion of a division agreement28.08.2024PDF
Notice of initiation of environmental-impact assessment08.07.2024PDF
Notice of initiation of proceedings for an environmental permit04.07.2024PDF
Notice of granting or refusal of an environmental permit22.11.2021PDF
1 – 5 / 22 rows

Public transactions

18.09.2026Eesti Töötukassa181,44 €ReceivedOTHER GRANTSSocial protection of the unemployed
18.09.2026Eesti Töötukassa669,06 €ReceivedOTHER GRANTSSocial protection of the unemployed
09.09.2026Eesti Töötukassa555,66 €ReceivedOTHER GRANTSSocial protection of the unemployed
27.08.2026Riigilaevastik39 227,39 €ReceivedOPERATING EXPENSESWater transport
27.08.2026Riigilaevastik4 085 438,22 €ReceivedNON-CURRENT ASSETSWater transport
1 – 5 / 200 rows

Funded projects

BWB arendusprojekt2014-2020.4.04.18-0900Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus22.10.2018 – 30.06.20212014-20201 025 887,99 €support 35,0%855 015,68 €Completed
SMM Hamburgis2014-2020.5.01.18-0774Ettevõtlikkuse kasvatamine, ettevõtluse kasvu soodustamine, ettevõtluskeskkonna arendamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus30.08.2018 – 26.10.20182014-20206 100 €support 80,0%6 090,80 €Completed
BWB Arendusprojekt2014-2020.4.04.17-0523Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus15.03.2017 – 14.09.20182014-20201 293 000 €support 35,0%383 703,56 €Completed
Terase elektrokeemiline analüüs2014-2020.4.04.16-0162Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus20.03.2016 – 30.09.20162014-20205 000 €support 80,0%5 000 €Completed
Baltic Workboats AS investeering uue turusegmendi hõivamiseks3.1.2802.15-0042Tööstus- ja teenindusettevõtja investeeringu toetamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus02.02.2015 – 30.09.20152007-20133 139 800 €3 139 800 €Completed
1 – 5 / 15 rows

State aid

11.06.2026Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231469Turundustegevused VTA › Ekspordi edendamine VTAGrant1 564 €231469/2600180
03.10.2025Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241718T&A VTA › T&A VTAGrant33 928,58 €241718/2500428
03.10.2025Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241718T&A VTA › T&A VTAGrant19 994,81 €241718/2500430
21.05.2025Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231590Turundustegevused VTA › Ekspordi edendamine VTAGrant5 769 €231590/2500066
06.05.2025MTÜ Maakondlikud ArenduskeskusedAid measure 241642Muu › MuuGrant17,70 €241642/2500872
1 – 5 / 107 rows

Public procurement contracts

19.08.2026Reference number 285489 · OTE-1297504Riigi Kaitseinvesteeringute KeskusContracting authority893,20 €Concluded
18.05.2026Reference number 285489 · OTE-1279831Riigi Kaitseinvesteeringute KeskusContracting authority719,10 €Concluded
21.04.2026Reference number 285489 · OTE-1261097Riigi Kaitseinvesteeringute KeskusContracting authority1 001 €Completed
06.03.2026Reference number 285489 · OTE-1259819Riigi Kaitseinvesteeringute KeskusContracting authority149,60 €Completed
26.09.2025Reference number 263593 · Ostude koond 2025aRiigi Kaitseinvesteeringute KeskusContracting authority-Concluded
1 – 5 / 75 rows

.ee domains

euroguard.eeActive20.10.202321.10.2026
bwb.eeActive04.07.201015.12.2026
balticworkboats.eeActive04.07.201006.01.2027

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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.

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