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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)

Former business names:

Aktsiaselts Saare Töölaevad

Capital:

31 956 EUR

Address:

Sadama tee 26, Nasva alevik, Saaremaa vald, Saare maakond, 93872

Status:

Registered

Contacts

Email:

teade@bwb.ee

Phone:

+372 4521140

Website:

www.balticworkboats.ee

Industries

MANUFACTURING
Manufacture of other transport equipment
Ship and boat building
Construction of civilian vessels and floating structures
30111 - Construction of civilian ships
Repair, maintenance and installation of machinery and equipment
Repair and maintenance of fabricated metal products and machinery
33151 - Repair and maintenance of civilian ships and boats
PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Other professional, scientific and technical activities
Other professional, scientific and technical activities n.e.c.
74991 - All other professional, scientific and technical activities n.e.c.

VAT liability

	Start	End
EE100619757	01.06.2000

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	Due date 30.06.2026
2024	01.01.2024 - 31.12.2024	18.07.2025	Valid
2023	01.01.2023 - 31.12.2023	29.06.2024	Valid
2022	01.01.2022 - 31.12.2022	27.06.2023	Valid
2021	01.01.2021 - 31.12.2021	30.06.2022	Valid
2020	01.01.2020 - 31.12.2020	29.06.2021	Valid
2019	01.01.2019 - 31.12.2019	12.10.2020	Valid
2018	01.01.2018 - 31.12.2018	01.07.2019	Valid
2017	01.01.2017 - 31.12.2017	12.07.2018	Valid
2016	01.01.2016 - 31.12.2016	05.07.2017	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	01.07.2014	Valid
2012	01.01.2012 - 31.12.2012	28.06.2013	Valid
2011	01.01.2011 - 31.12.2011	27.06.2012	Valid
2010	01.01.2010 - 31.12.2010	08.07.2011	Valid
2009	01.01.2009 - 31.12.2009	08.07.2010	Valid
2008	01.01.2008 - 31.12.2008	09.06.2009	Valid
2007	01.01.2007 - 31.12.2007	01.07.2008	Valid
2006	01.01.2006 - 31.12.2006	22.06.2007	Valid
2005	01.01.2005 - 31.12.2005	30.06.2006	Valid
2004	01.01.2004 - 31.12.2004	30.06.2005	Valid
2003	01.01.2003 - 31.12.2003	28.06.2004	Valid
2002	01.01.2002 - 31.12.2002	01.07.2003	Valid
2001	01.01.2001 - 31.12.2001	21.06.2002	Valid
2000	01.01.2000 - 31.12.2000	09.07.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 04.06.2026.

???

Credit rating

Hidden

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	1 066 410 €	1 028 053 €	28 357 133 €145.6%	201
Kokku 2026:	1 066 410 €	1 028 053 €	28 357 133 €
2025 Q4	1 796 643 €	1 089 947 €	11 544 830 €55.2%	203
2025 Q3	1 086 148 €	1 126 478 €	7 437 454 €10.6%	201
2025 Q2	950 766 €	1 012 122 €	8 315 547 €70.6%	202
2025 Q1	2 329 860 €	1 006 445 €	28 297 073 €84.5%	204
Kokku 2025:	6 163 417 €	4 234 992 €	55 594 904 €46.0%
2024 Q4	319 704 €	970 564 €	15 337 090 €192.0%	200
2024 Q3	699 302 €	948 272 €	5 253 143 €32.8%	195
2024 Q2	853 219 €	896 939 €	3 956 980 €70.7%	189
2024 Q1	1 781 662 €	805 370 €	13 524 282 €44.1%	177
Kokku 2024:	3 653 887 €	3 621 145 €	38 071 495 €30.1%
2023 Q4	685 386 €	712 531 €	9 384 310 €29.4%	159
2023 Q3	941 494 €	697 369 €	13 291 950 €33.0%	158
2023 Q2	104 492 €	725 356 €	19 841 568 €66.2%	163
2023 Q1	697 333 €	704 827 €	11 938 395 €16.8%	174
Kokku 2023:	2 428 706 €	2 840 083 €	54 456 223 €55.1%
2022 Q4	479 596 €	698 053 €	10 218 699 €93.9%	175
2022 Q3	677 521 €	706 991 €	5 269 686 €57.4%	177
2022 Q2	158 704 €	654 216 €	12 377 698 €70.7%	180
2022 Q1	470 914 €	702 575 €	7 250 243 €43.1%	172
Kokku 2022:	1 786 735 €	2 761 835 €	35 116 326 €6.6%
2021 Q4	7 736 €	596 687 €	12 751 140 €12.7%	167
2021 Q3	307 413 €	641 393 €	11 310 388 €51.6%	166
2021 Q2	0 €	586 286 €	7 459 440 €22.7%	163
2021 Q1	586 040 €	617 452 €	6 081 176 €35.1%	161
Kokku 2021:	901 189 €	2 441 818 €	37 602 146 €3.9%
2020 Q4	552 484 €	585 244 €	9 374 117 €46.2%	161
2020 Q3	438 363 €	466 321 €	17 435 572 €315.1%	156
2020 Q2	424 465 €	471 125 €	4 200 133 €19.1%	158
2020 Q1	0 €	602 728 €	5 191 144 €0.2%	169
Kokku 2020:	1 415 312 €	2 125 419 €	36 200 965 €18.8%
2019 Q4	431 957 €	540 565 €	5 178 916 €75.5%	175
2019 Q3	549 976 €	660 525 €	21 127 799 €78.1%	183
2019 Q2	465 412 €	653 612 €	11 862 560 €84.4%	182
2019 Q1	432 601 €	720 634 €	6 432 443 €30.8%	200
Kokku 2019:	1 879 946 €	2 575 336 €	44 601 718 €0.9%
2018 Q4	332 863 €	668 112 €	9 298 642 €46.0%	197
2018 Q3	700 703 €	721 028 €	17 221 247 €49.4%	196
2018 Q2	1 186 276 €	608 580 €	11 523 823 €65.5%	202
2018 Q1	1 447 250 €	555 150 €	6 961 057 €15.4%	192
Kokku 2018:	3 667 092 €	2 552 870 €	45 004 769 €30.6%
2017 Q4	915 896 €	474 170 €	8 230 860 €33.5%	181
2017 Q3	544 932 €	536 913 €	12 378 380 €85.2%	172
2017 Q2	1 255 371 €	465 206 €	6 683 062 €6.6%	168
2017 Q1	317 117 €	398 853 €	7 157 093 €11.1%	159
Kokku 2017:	3 033 316 €	1 875 142 €	34 449 395 €27.7%
2016 Q4	152 698 €	351 958 €	6 441 260 €3.8%	136
2016 Q3	659 380 €	365 973 €	6 697 755 €1.3%	136
2016 Q2	347 265 €	361 392 €	6 613 931 €8.4%	136
2016 Q1	601 694 €	394 529 €	7 220 370 €15.5%	136
Kokku 2016:	1 761 037 €	1 473 852 €	26 973 316 €11.5%
2015 Q4	797 331 €	364 891 €	6 250 263 €5.6%	135
2015 Q3	882 485 €	386 548 €	6 621 218 €21.0%	135
2015 Q2	741 656 €	319 429 €	5 471 531 €6.3%	135
2015 Q1	402 670 €	340 845 €	5 838 369 €	135
Kokku 2015:	2 824 142 €	1 411 713 €	24 181 381 €

Revenue by industry

	2022	2023	2024
Construction of civilian ships	34 457 528 €	37 302 276 €	48 652 508 €
All other professional, scientific and technical activities n.e.c.			2 399 306 €
Repair and maintenance of civilian ships and boats	696 825 €	1 623 996 €	709 385 €
Other professional, scientific and technical activities n.e.c.	3 843 086 €	2 780 895 €
Construction of other civil engineering projects n.e.c.	87 872 €
Other accommodation	2 184 €

Tax debts

No tax debt found

No tax debt as of 04.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Margus Vanaselja	37107XXXXXX	17.07.1971 (54)	Board member	17.11.2025	-
Erik Aleksejev	37611XXXXXX	25.11.1976 (49)	Board member	09.12.2024	-
Ahto Pärl	38001XXXXXX	10.01.1980 (46)	Board member	12.07.2024	-

8 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
Margus Vanaselja	37107XXXXXX	17.07.1971 (54)	Shareholder	12 144,00 EUR	38	Sole ownership	16.08.2023	-
BMG Consult Osaühing	-	21.01.2002 (24)	Shareholder	7 668,00 EUR	24	Sole ownership	16.08.2023	-
Märten Vaikmaa	37104XXXXXX	13.04.1971 (55)	Shareholder	12 144,00 EUR	38	Sole ownership	16.08.2023	-

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

1 - 3 / 3 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Riina Vaher	46710XXXXXX	27.10.1967 (58)	Supervisory-board member	03.07.2024	-
Märten Vaikmaa	37104XXXXXX	13.04.1971 (55)	Chairman of the supervisory board	29.08.2023	-
Jüri Tužilkin	37105XXXXXX	20.05.1971 (55)	Supervisory-board member	29.08.2023	-
Kpmg Baltics Oü	-	-	Audit firm	09.10.2020	-
Martin Kaljuste	-	-	Founder	27.04.2000	-

20 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
Margus Vanaselja	37107XXXXXX	17.07.1971 (54)	Direct holding	18.10.2018	-
Märten Vaikmaa	37104XXXXXX	13.04.1971 (55)	Direct holding	18.10.2018	-

1 - 2 / 2 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
Baltic Workboats U.S. OÜ	07.02.2017	Shareholder	2 500,00 EUR	100	Sole ownership	16.08.2023	-
SkyChartering OÜ	18.10.2022	Shareholder	1 250,00 EUR	50	Sole ownership	01.09.2023	-
Sirentech Solutions OÜ	27.03.2024	Shareholder	6 225,00 EUR	24,9	Sole ownership	27.03.2024	-
MultiCharge OÜ	17.12.2018	Shareholder	232,70 EUR	1,19	Sole ownership	20.01.2026	-

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

1 - 4 / 4 rows

2026 Q1

Turnover

Amount

28 357 133 €

Monthly average

9 452 378 €

Per employee

47 027 €

Equity ratio

29 579,35%

Labour taxes

Turnover ratio

3,63%

Tax ratio

96,40%

Monthly average

342 684 €

Per employee

1 696 €

State taxes

Monthly average

355 470 €

Turnover ratio

3,76%

Estimated salary

Gross salary

3 098 €

Net salary

2 449 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	30 943 912 €46.0%	57 307 280 €58.8%	36 078 496 €41.0%	25 594 612 €24.0%	20 644 740 €76.9%	11 669 457 €
Non-current assets	14 835 436 €46.0%	27 454 576 €19.6%	22 961 516 €4.4%	24 009 172 €8.7%	26 294 604 €13.0%	23 279 264 €
Total assets	45 779 348 €46.0%	84 761 856 €43.6%	59 040 016 €19.0%	49 603 784 €5.7%	46 939 344 €34.3%	34 948 720 €
Short-term liabilities	31 821 744 €35.6%	49 430 400 €66.4%	29 707 366 €8.9%	27 267 288 €2.6%	27 997 350 €31.5%	21 298 222 €
Long-term liabilities	8 949 312 €47.6%	17 072 124 €40.0%	12 198 728 €70.9%	7 138 556 €20.9%	5 903 817 €87.7%	3 145 780 €
Total liabilities	40 771 056 €38.7%	66 502 524 €58.7%	41 906 094 €21.8%	34 405 844 €1.5%	33 901 167 €38.7%	24 444 002 €
Share or stock capital	31 956 €	31 956 €	31 956 €	31 956 €	31 956 €	31 956 €
Retained earnings	3 757 259 €78.0%	17 101 964 €12.8%	15 165 983 €18.1%	12 844 810 €22.6%	10 472 762 €3.3%	10 834 859 €
Net profit	1 219 077 €8.3%	1 125 412 €41.9%	1 935 981 €16.6%	2 321 174 €8.4%	2 533 460 €799.7%	-362 097 €
Equity	5 008 292 €72.6%	18 259 332 €6.6%	17 133 920 €12.7%	15 197 940 €16.6%	13 038 178 €24.1%	10 504 718 €
Turnover	51 910 492 €22.7%	42 292 152 €8.2%	39 087 492 €1.3%	39 609 848 €7.8%	36 739 160 €47.2%	24 954 716 €
Profit margin	2.35%11.7%	2.66%46.3%	4.95%15.5%	5.86%15.0%	6.90%575.2%	-1.45%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	W RLY TUU	G MLH IUP	M NMJ RBU	4 071 425	4 030 376
Liquidity
Current ratio	A.T	K.G	N.P	0.9	0.7
Quick ratio	G.L	S.B	C.C	0.6	0.4
Cash ratio	S.G	U.P	J.C	0.0	0.0
Efficiency
Days sales outstanding (dso)	URA.R	IOV.N	UWJ.P	127.0	84.0
Asset turnover	Q.M	Z.I	D.C	0.8	0.9
Structure
Debt ratio	J.Y	Q.M	L.F	0.7	0.7
Profitability
Operating margin	B.R%	S.P%	R.R%	8.1%	8.8%
Net profit margin	D.V%	U.U%	B.O%	5.9%	6.9%
Return on assets (roa)	G.I%	P.S%	B.Q%	4.8%	6.2%
Return on equity (roe)	SS.S%	X.I%	IM.O%	15.3%	19.4%

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Licences & notices

Type	Number	Field	Status	Start	End
License	SLV22/7308	Frequency licences > Vessel radio licence	Valid	13.12.2022	12.12.2023
License	SLV22/6054	Frequency licences > Vessel radio licence	Valid	02.11.2022	02.07.2023
License	SLV22/6057	Frequency licences > Vessel radio licence	Valid	02.11.2022	02.07.2023
License	SLV22/4871	Frequency licences > Vessel radio licence	Valid	17.08.2022	17.12.2022
License	84	Maritime affairs > Maritime affairs	Valid	17.05.2006	-

1 - 5 / 5 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 30013816 / 36	19.01.2026	Entry - Amendment entry		Entered into force (19.01.2026)
Ä 30013816 / 35	17.11.2025	Entry - Amendment entry		Entered into force (17.11.2025)
Ä 30013816 / M13	12.07.2025	Fine-warning order – annual report not filed	11.08.2025	Deficiencies remedied (19.07.2025)
K 30013816 / 34	08.01.2025	Entry - Commercial-pledge opening entry		Entered into force (08.01.2025)
K 30013816 / M12	31.12.2024	Directive order - Commercial-pledge opening entry	10.01.2025	Deficiencies remedied (31.12.2024)

1 - 5 / 55 rows

Real estate

No real estate found

Company has no real estate

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

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Official announcements

Subject	Date
Notice of granting or refusal of an environmental permit	29.01.2026
Notice of preparation of a division plan or conclusion of a division agreement	28.08.2024
Notice of initiation of environmental-impact assessment	08.07.2024
Notice of initiation of proceedings for an environmental permit	04.07.2024
Notice of granting or refusal of an environmental permit	22.11.2021

1 - 5 / 22 rows

Public transactions

Date	Party	Amount	Classification
24.04.2026	Eesti Töötukassa	722.16 € Received	OTHER GRANTS Social protection of the unemployed
22.04.2026	Eesti Töötukassa	679.68 € Received	OTHER GRANTS Social protection of the unemployed
25.03.2026	Eesti Töötukassa	297.36 € Received	OTHER GRANTS Social protection of the unemployed
20.03.2026	Riigilaevastik	1 176.00 € Received	OPERATING EXPENSES Water transport
20.02.2026	Riigilaevastik	1 176.00 € Received	OPERATING EXPENSES Water transport

1 - 5 / 181 rows

.ee domains

Domain	Status	Registered	Expires	End
euroguard.ee	Active	20.10.2023	21.10.2026	-
bwb.ee	Active	04.07.2010	15.12.2026	-
balticworkboats.ee	Active	04.07.2010	06.01.2027	-

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

1 - 3 / 3 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