Icelandair Business Services AS

Legal form:: Public limited company
Registry code:: 10866060
VAT no.:: EE100764563
Fiscal-year period:: 01.01 - 31.12
Established:: 15.05.2002 (24 y)
Former business names:: Airline Services Estonia AS, Maersk Air Services Estonia AS, Maersk Air Support Services Estonia AS
Capital:: 25 564 EUR
Address:: Lõõtsa tn 2a, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415
Status:: Registered

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Contacts

Phone:: +354 8258058
Email:: brynjar@icelandair.is

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Industries

PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Legal activities and accounting
Accounting, bookkeeping, auditing and tax consultancy
69202 – Accounting and tax consultancy

Industry TOPNo. 11 of 2596 companies

11.Icelandair Business Services AS3.1M €

Main activity 69202 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100764563	01.07.2002	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	11.02.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	10.02.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	13.02.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	08.02.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	09.02.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	08.02.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	19.02.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	26.01.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	13.02.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	26.01.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	27.01.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	07.02.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	27.01.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	27.01.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	30.01.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	26.01.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	03.05.2010	Valid	PDF
2009	01.01.2009 – 31.12.2009	09.02.2010	Expired	PDF
2009	01.01.2009 – 31.12.2009	25.02.2010	Expired	PDF
2008	01.01.2008 – 31.12.2008	01.04.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	30.01.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	07.02.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	23.02.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	28.03.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	31.05.2004	Valid	PDF
2002	15.05.2002 – 31.12.2002	12.06.2003	Valid	PDF

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Tax debt Reports Declarations Court decisions1 Official announcements–TTJA decisions–Real estate–.ee domains2 Licenses–Regulations27 Public transactions–Grants–State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	251 809 €	267 675 €	847 378 €+0,6%	57
2026 Q2	222 382 €	235 241 €	842 703 €+12,6%	59
2026 Q1	214 002 €	224 297 €	748 308 €+13,4%	60
Total 2026:	688 193 €	727 213 €	2,44 M €
2025 Q4	218 528 €	231 648 €	660 060 €−1,6%	57
2025 Q3	211 546 €	224 461 €	671 062 €+6,6%	57
2025 Q2	202 748 €	211 759 €	629 467 €+5,0%	57
2025 Q1	200 346 €	207 820 €	599 450 €−0,1%	52
Total 2025:	833 168 €	875 688 €	2,56 M €
2024 Q4	204 718 €	196 126 €	600 219 €+1,1%	52
2024 Q3	179 698 €	188 685 €	593 433 €+7,2%	53
2024 Q2	169 194 €	177 922 €	553 512 €−1,3%	52
2024 Q1	169 748 €	175 602 €	560 727 €+2,8%	51
Total 2024:	723 358 €	738 335 €	2,31 M €
2023 Q4	194 534 €	179 239 €	545 421 €−5,2%	51
2023 Q3	170 529 €	180 890 €	575 584 €−1,6%	52
2023 Q2	155 461 €	164 950 €	584 707 €+3,1%	55
2023 Q1	172 733 €	183 255 €	566 997 €+0,6%	50
Total 2023:	693 257 €	708 334 €	2,27 M €
2022 Q4	139 057 €	146 110 €	563 754 €+4,7%	53
2022 Q3	170 185 €	145 430 €	538 636 €+10,2%	50
2022 Q2	121 628 €	129 021 €	488 647 €+14,2%	50
2022 Q1	105 927 €	113 054 €	427 948 €+5,9%	45
Total 2022:	536 797 €	533 615 €	2,02 M €
2021 Q4	104 865,58 €	111 639,77 €	404 122,65 €−5,7%	43
2021 Q3	122 045,26 €	131 376,78 €	428 561,65 €−11,3%	40
2021 Q2	121 726,81 €	131 137,48 €	483 410,53 €	41
2021 Q1	149 106,78 €	130 479,03 €	483 414,41 €−2,2%	51
Total 2021:	497 744,43 €	504 633,06 €	1,80 M €
2020 Q4	116 960,55 €	125 895,08 €	494 121,20 €+55,6%	53
2020 Q3	97 005,33 €	104 118,83 €	317 623,16 €−8,6%	52
2020 Q2	117 014,45 €	126 879,82 €	347 355,45 €−29,2%	51
2020 Q1	114 775 €	122 891 €	490 376 €−8,3%	51
Total 2020:	445 755,33 €	479 784,73 €	1,65 M €
2019 Q4	114 845 €	123 146 €	534 690 €−12,3%	53
2019 Q3	191 066 €	123 206 €	609 718 €+220%	54
2019 Q2	116 211 €	125 337 €	190 331 €−36,5%	51
2019 Q1	105 751 €	113 840 €	299 956 €−42,9%	56
Total 2019:	527 873 €	485 529 €	1,63 M €
2018 Q4	106 199 €	112 633 €	525 433 €−14,5%	57
2018 Q3	109 403 €	117 483 €	614 703 €+15,8%	49
2018 Q2	300 140 €	107 750 €	531 005 €+16,7%	48
2018 Q1	118 242 €	125 574 €	454 967 €−27,3%	48
Total 2018:	633 984 €	463 440 €	2,13 M €
2017 Q4	104 567 €	112 549 €	625 599 €−29,7%	47
2017 Q3	304 599 €	112 898 €	889 879 €+87,5%	48
2017 Q2	87 543 €	94 143 €	474 493 €−8,9%	49
2017 Q1	108 503 €	115 956 €	520 970 €+5,3%	45
Total 2017:	605 212 €	435 546 €	2,51 M €
2016 Q4	93 357 €	100 465 €	494 829 €−1,2%	45
2016 Q3	294 348 €	101 672 €	500 776 €+2,1%	45
2016 Q2	92 384 €	99 626 €	490 697 €−27,9%	45
2016 Q1	128 058 €	138 198 €	680 680 €+48,0%	45
Total 2016:	608 147 €	439 961 €	2,17 M €
2015 Q4	92 616 €	98 212 €	459 898 €−2,5%	1
2015 Q3	97 665 €	100 710 €	471 594 €+11,9%	1
2015 Q2	86 277 €	89 967 €	421 285 €−14,7%	1
2015 Q1	723 397 €	105 473 €	493 896 €	1
Total 2015:	999 955 €	394 362 €	1,85 M €

Revenue by industry

	2023	2024	2025
Accounting and tax consultancy	2 212 608 €	2 301 768 €	2 565 182 €

Tax debts

No tax debt found

No tax debt as of 09.11.2026

Representatives

	Personal ID code
Brynjar Már Karlsson	-	07.11.1974 (52)	Board member	04.05.2026	-

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Shareholders

	Personal ID code
ICELANDAIR EHF.	-	-	Shareholder	25 564 EUR	100,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
Audiitorbüroo Rostok & Kärt OÜ	12492511	18.06.2013 (13)	Audit firm	12.01.2026	-
María Sólbergsdóttir	-	25.01.1963 (63)	Supervisory-board member	28.10.2025	-
Víðir Álfgeir Sigurðarson	-	10.07.1973 (53)	Supervisory-board member	28.10.2025	-
Ívar Sigurður Kristinsson	-	20.06.1974 (52)	Chairman of the supervisory board	02.06.2022	-
MAERSK AIR A/S	-	-	Founder	15.05.2002	-

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Ultimate beneficial owners

	Personal ID code
Matthew Dean Evans	-	-	Member of higher governing body (board or supervisory board)	31.01.2022	-
John Franklin	-	-	Member of higher governing body (board or supervisory board)	08.02.2021	-
Jonina Osk Jonsson	-	-	Member of higher governing body (board or supervisory board)	08.02.2021	-
Svafa Grönfeldt	-	-	Member of higher governing body (board or supervisory board)	19.02.2020	-
Gudmundur Hafsteinsson	-	-	Member of higher governing body (board or supervisory board)	17.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 847 378 €
Monthly average: 282 459 €
Per employee: 4 955 €
Equity ratio: 1 104,91%

Labour taxes

Turnover ratio: 31,59%
Tax ratio: 106,30%
Monthly average: 89 225 €
Per employee: 1 538 €

State taxes

Monthly average: 83 936 €
Turnover ratio: 29,72%

Estimated salary

Gross salary: 2 816 €
Net salary: 2 272 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	457 856 €+24,4%	367 914 €−37,0%	583 981 €−15,6%	691 520 €+13,5%	609 320 €+20,2%	506 720 €−21,5%	645 659 €
Non-current assets	302 769 €−32,8%	450 373 €−7,6%	487 160 €+149%	195 808 €−40,8%	330 889 €−28,1%	460 176 €+2 609%	16 985 €
Total assets	760 625 €−7,0%	818 287 €−23,6%	1 071 141 €+20,7%	887 328 €−5,6%	940 209 €−2,8%	966 896 €+45,9%	662 644 €
Short-term liabilities	571 175 €+24,1%	460 114 €+9,0%	422 043 €−6,2%	450 030 €+40,0%	321 459 €−10,5%	359 168 €+76,3%	203 744 €
Long-term liabilities	4 826 €−96,9%	156 497 €−47,4%	297 702 €+129%	-	129 846 €−49,2%	255 655 €	-
Total liabilities	576 001 €−6,6%	616 611 €−14,3%	719 745 €+59,9%	450 030 €−0,3%	451 305 €−26,6%	614 823 €+202%	203 744 €
Share or stock capital	25 564 €	25 564 €	25 564 €	25 564 €	25 564 €	25 564 €	25 564 €
Retained earnings	173 556 €−21,1%	220 076 €−23,8%	288 778 €+8,0%	267 482 €−17,4%	323 953 €+25,7%	257 732 €+1,2%	254 610 €
Net profit	-17 052 €+63,3%	-46 520 €−235%	34 498 €−75,7%	141 696 €+3,6%	136 831 €+107%	66 221 €−62,4%	176 170 €
Equity	184 624 €−8,5%	201 676 €−42,6%	351 396 €−19,6%	437 298 €−10,6%	488 904 €+38,9%	352 073 €−23,3%	458 900 €
Turnover	2 565 182 €+11,4%	2 301 768 €+4,0%	2 212 608 €+7,5%	2 058 947 €+20,2%	1 712 429 €+2,5%	1 670 785 €−13,7%	1 936 012 €
Profit margin	-0,7%	-2,0%	1,6%	6,9%	8,0%	4,0%	9,1%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	1,5	1,9
Quick ratio	1,5	1,9
Cash ratio	1,0	1,4
Efficiency
Days sales outstanding (dso)	34,2	32,0
Asset turnover	2,3	1,8
Structure
Debt ratio	0,5	0,5
Profitability
Operating margin	8,6%	8,3%
Net profit margin	6,9%	8,0%
Return on assets (roa)	15,5%	14,3%
Return on equity (roe)	32,4%	28,0%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10065370 / 17	04.05.2026	Entry – Amendment entry	-	Entered into force04.05.2026
Ä 10065370 / 16	18.02.2026	Entry – Amendment entry	-	Entered into force18.02.2026
Ä 10065370 / M7	29.01.2026	Order to remedy deficiencies – Amendment entry	28.02.2026	Deficiencies remedied18.02.2026
Ä 10065370 / M6	13.01.2026	Order to remedy deficiencies – Amendment entry	12.02.2026	Deficiencies remedied18.02.2026
Ä 10065370 / 15	18.06.2019	Entry – Amendment entry	-	Entered into force18.06.2019

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


2-08-81619/16	Apellatsioonmenetlus	Court judgment	Labour law	Kaupo Paal, Gaida Kivinurm, Ande Tänav	ECLI:EE:TLRK:2009:2.08.81619.41133	09.10.2009	Open

Official announcements

No official announcements found

Company has no issued official announcements

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

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


mase.ee	Active	25.11.2025	26.11.2027
airs.ee	Active	04.07.2010	15.12.2028

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.