Baltic Works OÜ

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	20.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	26.03.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	28.03.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	23.03.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	26.03.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	22.02.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	27.02.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	01.03.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	07.03.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	22.03.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	23.03.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	11.02.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	05.03.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	15.02.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	08.03.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	21.05.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	08.05.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	28.04.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	21.06.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	30.06.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	17.06.2005	Valid	PDF
2003	27.08.2002 – 31.12.2003	13.05.2004	Valid	PDF

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No unsubmitted declarations as of 21.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains2 Licenses–Regulations18 Public transactions1 Grants–State aid2 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	269 144 €	133 106 €	4,49 M €−1,6%	36
2026 Q2	422 055 €	132 619 €	4,57 M €+25,9%	38
2026 Q1	278 577 €	136 945 €	3,62 M €−16,2%	37
Total 2026:	969 776 €	402 670 €	12,7 M €
2025 Q4	306 804 €	137 883 €	4,33 M €−2,1%	37
2025 Q3	294 937 €	141 232 €	4,42 M €+23,7%	37
2025 Q2	404 519 €	139 423 €	3,57 M €+16,3%	39
2025 Q1	246 096 €	133 380 €	3,07 M €−12,6%	38
Total 2025:	1,25 M €	551 918 €	15,4 M €
2024 Q4	236 969 €	125 147 €	3,51 M €+1,7%	37
2024 Q3	225 407 €	130 432 €	3,45 M €−8,7%	37
2024 Q2	354 122 €	123 014 €	3,78 M €+10,6%	37
2024 Q1	232 319 €	125 082 €	3,42 M €−10,1%	37
Total 2024:	1,05 M €	503 675 €	14,2 M €
2023 Q4	232 435 €	120 509 €	3,81 M €+7,1%	37
2023 Q3	244 159 €	128 170 €	3,55 M €−7,7%	37
2023 Q2	230 134 €	110 627 €	3,85 M €+19,1%	36
2023 Q1	213 770 €	106 991 €	3,23 M €−4,0%	33
Total 2023:	920 498 €	466 297 €	14,4 M €
2022 Q4	217 614 €	95 826 €	3,37 M €−0,5%	33
2022 Q3	204 399 €	97 347 €	3,38 M €+9,2%	32
2022 Q2	231 890 €	89 531 €	3,10 M €−5,1%	31
2022 Q1	192 678 €	87 361 €	3,27 M €+11,2%	30
Total 2022:	846 581 €	370 065 €	13,1 M €
2021 Q4	194 183,23 €	83 926,23 €	2,94 M €+18,8%	32
2021 Q3	165 008,96 €	89 540,47 €	2,47 M €−15,3%	32
2021 Q2	186 890,83 €	82 653,59 €	2,92 M €+31,2%	33
2021 Q1	161 419,72 €	81 609,15 €	2,22 M €−5,6%	32
Total 2021:	707 502,74 €	337 729,44 €	10,6 M €
2020 Q4	182 950,88 €	81 720,76 €	2,36 M €+4,0%	32
2020 Q3	184 026,51 €	94 044,97 €	2,26 M €−24,0%	33
2020 Q2	233 581,97 €	82 081,06 €	2,98 M €+17,5%	37
2020 Q1	208 171 €	84 850 €	2,54 M €−30,8%	35
Total 2020:	808 730,36 €	342 696,79 €	10,1 M €
2019 Q4	218 177 €	78 259 €	3,67 M €+39,2%	35
2019 Q3	172 931 €	84 440 €	2,63 M €−8,1%	36
2019 Q2	315 964 €	79 876 €	2,87 M €+30,4%	36
2019 Q1	173 761 €	74 804 €	2,20 M €−22,7%	32
Total 2019:	880 833 €	317 379 €	11,4 M €
2018 Q4	182 969 €	75 940 €	2,84 M €+0,6%	32
2018 Q3	232 506 €	79 373 €	2,83 M €−14,5%	36
2018 Q2	404 418 €	73 298 €	3,31 M €+6,3%	34
2018 Q1	235 212 €	60 534 €	3,11 M €−2,2%	36
Total 2018:	1,06 M €	289 145 €	12,1 M €
2017 Q4	230 262 €	62 844 €	3,18 M €+15,4%	33
2017 Q3	269 187 €	72 454 €	2,76 M €−16,9%	33
2017 Q2	450 113 €	67 148 €	3,32 M €+40,1%	37
2017 Q1	237 645 €	64 940 €	2,37 M €+49,8%	31
Total 2017:	1,19 M €	267 386 €	11,6 M €
2016 Q4	250 929 €	59 980 €	1,58 M €−10,0%	30
2016 Q3	234 455 €	66 679 €	1,76 M €+2,5%	30
2016 Q2	419 584 €	65 080 €	1,72 M €+8,4%	30
2016 Q1	235 545 €	60 044 €	1,58 M €+2,6%	30
Total 2016:	1,14 M €	251 783 €	6,64 M €
2015 Q4	232 641 €	53 067 €	1,54 M €−18,0%	1
2015 Q3	304 983 €	64 749 €	1,88 M €+14,3%	1
2015 Q2	288 783 €	56 630 €	1,65 M €+4,8%	1
2015 Q1	140 723 €	54 055 €	1,57 M €	1
Total 2015:	967 130 €	228 501 €	6,64 M €

Revenue by industry

	2023	2024	2025
Manufacture of other electrical equipment	9 265 689 €	8 781 286 €	10 052 247 €

Tax debts

No tax debt found

No tax debt as of 21.10.2026

Representatives

	Personal ID code
Anders Johan Granberg	-	25.07.1967 (59)	Board member	10.04.2019	-
Lauri Mällo	37309XXXXXX	04.09.1973 (53)	Board member	04.02.2004	-

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Shareholders

	Personal ID code
Star Works Group Oy Ab	10264XXXX	-	Shareholder	2 412 EUR	90,00%	Sole ownership	01.09.2023	-
Lauri Mällo	37309XXXXXX	04.09.1973 (53)	Shareholder	268 EUR	10,00%	Sole ownership	01.09.2023	-

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Other persons

	Personal ID code
AUDIITORBÜROO ELSS OÜ	10213441	01.07.1997 (29)	Audit firm	08.03.2011	-
Projektijuht Aare OÜ	10613420	30.11.1999 (26)	Founder	27.08.2002	-

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Ultimate beneficial owners

	Personal ID code
Anders Henrik Stahl	-	-	Member of higher governing body (board or supervisory board)	11.10.2018	-
Dan Harald Bogislaus Hohenthal	-	-	Member of higher governing body (board or supervisory board)	11.10.2018	-
Roy Leopold Granberg	-	15.11.1969 (56)	Member of higher governing body (board or supervisory board)	11.10.2018	-
Anders Johan Granberg	-	-	Member of higher governing body (board or supervisory board)	11.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 4 490 221 €
Monthly average: 1 496 740 €
Per employee: 41 576 €
Equity ratio: 55 848,52%

Labour taxes

Turnover ratio: 2,96%
Tax ratio: 49,46%
Monthly average: 44 369 €
Per employee: 1 199 €

State taxes

Monthly average: 89 715 €
Turnover ratio: 5,99%

Estimated salary

Gross salary: 2 237 €
Net salary: 1 836 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	5 085 963 €+13,2%	4 494 218 €−3,9%	4 677 931 €+6,6%	4 389 362 €+10,9%	3 956 943 €+10,2%	3 590 374 €−7,3%	3 871 429 €
Non-current assets	544 607 €−25,5%	731 334 €−16,1%	872 080 €+78,8%	487 830 €+64,6%	296 318 €−18,3%	362 632 €+57,5%	230 311 €
Total assets	5 782 829 €+9,7%	5 272 785 €−5,0%	5 550 011 €+13,8%	4 877 192 €+16,4%	4 190 887 €+8,1%	3 876 951 €−5,5%	4 101 740 €
Short-term liabilities	1 118 575 €+26,5%	884 041 €−34,0%	1 339 965 €−0,1%	1 341 863 €+70,4%	787 521 €+36,4%	577 438 €−23,5%	754 494 €
Long-term liabilities	5 270 €−8,3%	5 744 €+234%	1 718 €−71,1%	5 935 €+455%	1 070 €−0,8%	1 079 €	-
Total liabilities	1 123 845 €+26,3%	889 785 €−33,7%	1 341 683 €−0,5%	1 347 798 €+70,9%	788 591 €+36,3%	578 517 €−23,3%	754 494 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	3 881 838 €+5,0%	3 697 089 €+6,5%	3 470 321 €+8,1%	3 209 936 €−1,4%	3 254 785 €+6,9%	3 044 298 €+4,7%	2 908 336 €
Net profit	662 220 €+11,2%	595 382 €−26,0%	804 055 €+145%	328 225 €+27,1%	258 327 €+11,8%	231 000 €−47,0%	435 962 €
Equity	4 658 984 €+6,3%	4 383 000 €+4,8%	4 180 408 €+18,4%	3 529 394 €+3,7%	3 402 296 €−0,2%	3 407 733 €+1,8%	3 347 246 €
Turnover	10 796 312 €+12,3%	9 617 496 €−4,0%	10 022 072 €+23,0%	8 148 535 €+15,8%	7 037 704 €+13,0%	6 227 460 €−5,5%	6 593 258 €
Profit margin	6,1%	6,2%	8,0%	4,0%	3,7%	3,7%	6,6%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	415 975 €	414 197 €
Liquidity
Current ratio	3,5	5,4
Quick ratio	1,9	3,4
Cash ratio	0,2	0,6
Efficiency
Days sales outstanding (dso)	101,9	92,5
Asset turnover	1,6	1,7
Structure
Debt ratio	0,3	0,2
Profitability
Operating margin	4,2%	4,7%
Net profit margin	3,8%	4,4%
Return on assets (roa)	6,2%	7,5%
Return on equity (roe)	7,8%	8,7%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10067157 / 13	01.09.2023	Entry – Amendment entry	-	Entered into force01.09.2023
Ä 10067157 / 12	10.04.2019	Entry – Amendment entry	-	Entered into force10.04.2019
Ä 10067157 / 11	17.01.2018	Entry – Amendment entry	-	Entered into force17.01.2018
Ä 10067157 / 10	08.11.2017	Entry – Amendment entry	-	Entered into force08.11.2017
Ä 10067157 / 9	31.05.2017	Entry – Amendment entry	-	Entered into force31.05.2017

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

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


23.02.2026	Eesti Töötukassa	739,46 €Received	OTHER GRANTSSocial protection of the unemployed

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


20.02.2026	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	739,46 €	231580/2601182
15.02.2019	Riigi Tugiteenuste KeskusAid measure 16562	Regionaalareng (VTA) › MuuGrant	173 €	16562/1901705

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


swgestate.ee	Active	24.05.2017	25.05.2034
bw.ee	Active	04.07.2010	10.11.2026

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.