Aktsiaselts E.R.S.

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	30.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	27.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	30.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	17.07.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	28.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	29.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	03.07.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	29.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	30.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	30.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	27.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	02.07.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	17.05.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	21.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	22.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	17.07.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	25.05.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	06.07.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	29.06.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	01.07.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	06.05.2003	Valid	PDF
2001	01.01.2001 – 31.12.2001	01.07.2002	Valid	PDF

Unsubmitted declarations

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No unsubmitted declarations as of 21.10.2026.

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Tax debt Reports Declarations Court decisions3 Official announcements5 TTJA decisions–Real estate–.ee domains–Licenses1 Regulations31 Public transactions–Grants–State aid1 Public procurement3 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2023 Q4	0 €	0 €	0 €	-
2023 Q3	-	-	0 €	-
2023 Q2	-	-	0 €	-
2023 Q1	-	-	0 €	-
Total 2023:	0 €	0 €	0 €
2022 Q4	-	-	0 €	-
2022 Q3	-	-	0 €	-
2022 Q2	2 947 €	3 060 €	0 €	-
2022 Q1	-	-	0 €	-
Total 2022:	2 947 €	3 060 €	0 €
2021 Q4	-	-	0 €	-
2021 Q3	0 €	0 €	0 €	-
2021 Q2	-	-	0 €−100%	-
2021 Q1	-	-	395 €−88,8%	-
Total 2021:	0 €	0 €	395 €
2020 Q4	6 630,60 €	7 108,67 €	3 540,74 €−99,0%	-
2020 Q3	140 382,01 €	81 317,84 €	345 059,53 €−84,2%	-
2020 Q2	138 832,39 €	144 853,45 €	2,19 M €−26,3%	10
2020 Q1	254 402 €	185 074 €	2,97 M €+467%	37
Total 2020:	540 247 €	418 353,96 €	5,50 M €
2019 Q4	227 901 €	239 261 €	523 051 €−30,0%	60
2019 Q3	210 233 €	215 003 €	746 759 €−5,3%	76
2019 Q2	205 981 €	216 915 €	788 712 €−36,7%	76
2019 Q1	247 596 €	259 811 €	1,25 M €−44,5%	77
Total 2019:	891 711 €	930 990 €	3,30 M €
2018 Q4	233 123 €	225 365 €	2,24 M €+108%	76
2018 Q3	262 170 €	275 509 €	1,08 M €−28,0%	82
2018 Q2	259 596 €	272 828 €	1,50 M €−65,5%	89
2018 Q1	359 687 €	376 346 €	4,34 M €+67,7%	110
Total 2018:	1,11 M €	1,15 M €	9,16 M €
2017 Q4	175 159 €	276 453 €	2,59 M €−25,8%	128
2017 Q3	0 €	321 849 €	3,49 M €−16,5%	130
2017 Q2	155 585 €	320 406 €	4,18 M €−22,9%	133
2017 Q1	414 006 €	433 343 €	5,42 M €+126%	136
Total 2017:	744 750 €	1,35 M €	15,7 M €
2016 Q4	255 746 €	266 329 €	2,40 M €−7,3%	155
2016 Q3	278 162 €	287 286 €	2,59 M €−32,9%	155
2016 Q2	-12 567 €	427 970 €	3,86 M €−25,0%	155
2016 Q1	195 186 €	570 369 €	5,14 M €−4,6%	155
Total 2016:	716 527 €	1,55 M €	14,0 M €
2015 Q4	0 €	367 454 €	5,39 M €−8,8%	178
2015 Q3	0 €	403 124 €	5,92 M €−3,1%	178
2015 Q2	0 €	416 064 €	6,11 M €−30,3%	178
2015 Q1	0 €	597 219 €	8,77 M €	178
Total 2015:	0 €	1,78 M €	26,2 M €

Revenue by industry

	2019	2020
Freight rail transport	814 187 €	179 631 €
Repair and maintenance of other transport equipment	1 146 752 €
Rental of railway rolling stock	915 809 €
Wholesale of waste and scrap, purchase of returnable containers and packaging	10 840 €

Tax debts

No tax debt found

No tax debt as of 21.10.2026

Representatives

	Personal ID code
Argo Kiisa	37306XXXXXX	08.06.1973 (53)	Board member	22.10.2025	-
Raul Riefler	39612XXXXXX	27.12.1996 (29)	Board member	01.01.2025	-
Merika Nimmo	49002XXXXXX	02.02.1990 (36)	Board member	22.10.2019	-

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Shareholders

	Personal ID code
AS Liwathon E.O.S.	10715645	15.12.2000 (25)	Shareholder	286 500 EUR	100,00%	Sole ownership	30.10.2025	-

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Other persons

	Personal ID code
Aurelien David Rowland	38812XXXXXX	26.12.1988 (37)	Chairman of the supervisory board	20.10.2025	-
Richard Anthony Muckle	37608XXXXXX	13.08.1976 (50)	Supervisory-board member	20.10.2025	-
Edmund Lloyd Rowland	38511XXXXXX	13.11.1985 (40)	Supervisory-board member	27.11.2024	-
Riina Alt	48001XXXXXX	20.01.1980 (46)	Audit firm	14.04.2021	-
Ernst & Young Baltic AS	10877299	16.07.2002 (24)	Audit firm	14.04.2021	-

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Ultimate beneficial owners

	Personal ID code
Barclay Rowland	-	13.11.1985 (40)	Indirect holding	24.04.2019	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2023 Q4

Turnover

Amount: 0 €
Monthly average: 0 €
Per employee: -

Labour taxes

Turnover ratio: -
Tax ratio: -
Monthly average: 0 €
Per employee: -

State taxes

Monthly average: 0 €
Turnover ratio: -

Estimated salary

Gross salary: -
Net salary: -

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	701 000 €−64,3%	1 961 000 €−74,4%	7 668 000 €−29,4%	10 858 000 €−1,6%	11 031 000 €−1,2%	11 170 000 €+47,5%	7 573 000 €
Non-current assets	11 966 000 €+19,1%	10 044 000 €+184%	3 531 000 €+353 000%	-	1 000 €−75,0%	4 000 €−99,8%	2 393 000 €
Total assets	12 667 000 €+5,5%	12 005 000 €+7,2%	11 199 000 €+3,1%	10 858 000 €−1,6%	11 032 000 €−1,3%	11 174 000 €+12,1%	9 966 000 €
Short-term liabilities	-	3 000 €+200%	-	-	-	1 000 €−99,7%	343 000 €
Long-term liabilities	-	-	-	-	-	-	521 000 €
Total liabilities	-	3 000 €+200%	-	-	-	1 000 €−99,9%	864 000 €
Share or stock capital	287 000 €	287 000 €	287 000 €	287 000 €	287 000 €	287 000 €	287 000 €
Retained earnings	11 686 000 €+7,4%	10 883 000 €+3,2%	10 542 000 €−1,6%	10 716 000 €−1,3%	10 857 000 €+24,1%	8 750 000 €−31,7%	12 804 000 €
Net profit	665 000 €−17,2%	803 000 €+135%	341 000 €+296%	-174 000 €−23,4%	-141 000 €−107%	2 107 000 €+152%	-4 018 000 €
Equity	12 667 000 €+5,5%	12 002 000 €+7,2%	11 199 000 €+3,1%	10 858 000 €−1,6%	11 032 000 €−1,3%	11 173 000 €+22,8%	9 102 000 €
Turnover	-	-	-	-	-	180 000 €−93,8%	2 888 000 €
Profit margin	-	-	-	-	-	1 170,6%	-139,1%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-185 000 €	-175 000 €
Liquidity
Current ratio	-	-
Quick ratio	-	-
Cash ratio	-	-
Efficiency
Days sales outstanding (dso)	-	-
Asset turnover	-	-
Structure
Debt ratio	1,0	1,0
Profitability
Operating margin	-	-
Net profit margin	-	-
Return on assets (roa)	-1,6%	-1,3%
Return on equity (roe)	-1,6%	-1,3%

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Licences & notices


Notice of economic activity	EEH009534	Construction	Valid	20.09.2016	-

Regulations


Ä 10049799 / 23	22.10.2025	Entry – Amendment entry	-	Entered into force22.10.2025
Ä 10049799 / M9	14.10.2025	Order to remedy deficiencies – Amendment entry	29.10.2025	Deficiencies remedied20.10.2025
Ä 10049799 / 22	01.01.2025	Entry – Amendment entry	-	Entered into force01.01.2025
Ä 10049799 / 21	06.12.2024	Entry to be made on a fixed date – Amendment entry	-	Entered into force06.12.2024
Ä 10049799 / M8	11.09.2024	Order to remedy deficiencies for correcting extra-entry data	21.09.2024	Deficiencies remedied11.09.2024

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-12-27970/39	Määruskaebusmenetlus	Court ruling	-	Ele Liiv	-	02.10.2013	Open
2-12-27970/24	Apellatsioonmenetlus	Court judgment	Labour law	Ulvi Loonurm, Tiit Kollom, Ele Liiv	ECLI:EE:TLRK:2013:2.12.27970.9087	28.03.2013	Open
3-09-1331/34	Kohtu I astme menetlus	Court ruling	Economic administrative law	Lea Kuuse	ECLI:EE:TLHK:2009:3.09.1331.42614	16.10.2009	Open

Official announcements


Notice of invalidation of a railway-undertaking operating licence	13.07.2020	PDF
Notice of division of a company	04.06.2020	PDF
Notice of division of a company	01.06.2020	PDF
Notice of preparation of a division plan or conclusion of a division agreement	27.04.2020	PDF
Notice of preparation of a division plan or conclusion of a division agreement	03.04.2017	PDF

Public transactions

No public transactions found

Company has no public transactions

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


11.04.2014	Tallinna StrateegiakeskusAid measure 14310	Regionaalareng (VTA) › MuuGrant	526,67 €	14310/1400011

Public procurement contracts


31.08.2017End 01.09.2018	Reference number 189529 · Leping nr 12852	AS Eesti RaudteeContracting authority	1 257 810 €	Completed
01.09.2016End 31.08.2017	Reference number 177518 · Leping nr 12199	AS Eesti RaudteeContracting authority	1 219 650 €	Completed
20.07.2015End 31.07.2016	Reference number 159937 · RT13878	Enefit Kaevandused ASContracting authority	736 984 €actual 733 474 €	Completed

.ee domains

No domains found

Company has no valid .ee domains

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.