Osaühing MANPOWER

Legal form:: Private limited company
Registry code:: 11052968
VAT no.:: EE100913903
Fiscal-year period:: 01.01 - 31.12
Established:: 29.06.2004 (22 y)
Capital:: 25 564 EUR
Address:: Estonia pst 9 // Rävala pst 12, Kesklinna linnaosa, Tallinn, Harju maakond, 10143
Status:: Registered

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Contacts

Phone:: +372 6306565
Email:: tallinn@manpower.ee
Website:: https://www.manpower.ee

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Industries

ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES
Employment activities
Temporary employment agency activities and other labour-supply services
78201 – Temporary employment agency activities
78101 – Activities of employment agencies

Industry TOPNo. 10 of 497 companies

1.Osaühing EUROAPTEEK17.6M €
2.Hansavest OÜ17.4M €
3.Finesta Baltic OÜ15.9M €
4.Yozmatech Global ltd OÜ12.5M €
5.SmartHR Consulting OÜ10.9M €
6.EstEmploy OÜ10.8M €
7.Grafton Estonia OÜ10.1M €
8.CLJ Services OÜ9.4M €
9.Remote Estonia OÜ8.9M €
10.Osaühing MANPOWER8.3M €

Main activity 78201 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100913903	16.07.2004	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	08.05.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	11.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	15.05.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	06.04.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	31.03.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	28.05.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	16.04.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	29.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	01.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	21.04.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	31.03.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	15.04.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	14.03.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	19.03.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	18.04.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	18.05.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	18.06.2010	Valid	PDF
2009	01.01.2009 – 31.12.2009	16.06.2010	Expired	PDF
2008	01.01.2008 – 31.12.2008	15.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	29.07.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	02.07.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	30.06.2006	Valid	PDF
2004	29.06.2004 – 31.12.2004	12.07.2005	Valid	PDF

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No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions1 Official announcements–TTJA decisions–Real estate–.ee domains2 Licenses2 Regulations23 Public transactions97 Grants–State aid22 Public procurement6 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	935 881 €	739 619 €	1,94 M €−8,9%	186
2026 Q2	1,02 M €	794 560 €	2,13 M €+0,8%	185
2026 Q1	973 334 €	742 362 €	2,12 M €+1,3%	193
Total 2026:	2,93 M €	2,28 M €	6,20 M €
2025 Q4	997 609 €	791 830 €	2,09 M €+2,4%	199
2025 Q3	1,02 M €	814 296 €	2,04 M €−1,4%	189
2025 Q2	991 814 €	801 002 €	2,07 M €−7,6%	196
2025 Q1	1,01 M €	779 555 €	2,24 M €+6,2%	198
Total 2025:	4,02 M €	3,19 M €	8,44 M €
2024 Q4	927 188 €	725 702 €	2,11 M €+1,8%	197
2024 Q3	946 073 €	746 545 €	2,07 M €+4,8%	195
2024 Q2	885 532 €	699 955 €	1,97 M €+7,2%	205
2024 Q1	835 696 €	656 935 €	1,84 M €−0,8%	213
Total 2024:	3,59 M €	2,83 M €	7,99 M €
2023 Q4	822 248 €	669 154 €	1,86 M €+11,6%	214
2023 Q3	771 605 €	650 083 €	1,66 M €−7,5%	227
2023 Q2	845 394 €	706 160 €	1,80 M €−4,4%	242
2023 Q1	849 102 €	679 533 €	1,88 M €+6,2%	246
Total 2023:	3,29 M €	2,70 M €	7,20 M €
2022 Q4	794 721 €	642 143 €	1,77 M €−6,1%	253
2022 Q3	857 204 €	713 438 €	1,89 M €−3,0%	260
2022 Q2	840 730 €	673 497 €	1,95 M €+12,6%	242
2022 Q1	747 316 €	605 366 €	1,73 M €−3,3%	257
Total 2022:	3,24 M €	2,63 M €	7,33 M €
2021 Q4	800 307,54 €	646 929,30 €	1,79 M €−12,0%	212
2021 Q3	924 855,75 €	724 551,61 €	2,03 M €+7,5%	245
2021 Q2	832 434,46 €	632 975,46 €	1,89 M €−0,6%	317
2021 Q1	865 462,24 €	671 093,89 €	1,90 M €+3,7%	287
Total 2021:	3,42 M €	2,68 M €	7,61 M €
2020 Q4	796 333,23 €	638 519,03 €	1,83 M €+10,8%	289
2020 Q3	741 391,73 €	600 681,67 €	1,65 M €+9,6%	280
2020 Q2	651 105,01 €	522 532,28 €	1,51 M €+7,3%	248
2020 Q1	620 928 €	492 338 €	1,41 M €−5,1%	235
Total 2020:	2,81 M €	2,25 M €	6,40 M €
2019 Q4	666 891 €	521 662 €	1,48 M €−1,4%	241
2019 Q3	680 776 €	522 186 €	1,50 M €	347
2019 Q2	672 199 €	504 150 €	1,50 M €+0,6%	272
2019 Q1	656 663 €	497 242 €	1,49 M €−13,3%	270
Total 2019:	2,68 M €	2,05 M €	5,99 M €
2018 Q4	767 235 €	583 534 €	1,72 M €−4,5%	279
2018 Q3	813 242 €	613 451 €	1,80 M €−6,7%	334
2018 Q2	785 726 €	566 027 €	1,93 M €+17,6%	352
2018 Q1	732 678 €	540 837 €	1,65 M €−2,6%	370
Total 2018:	3,10 M €	2,30 M €	7,11 M €
2017 Q4	787 340 €	593 279 €	1,69 M €−8,3%	383
2017 Q3	906 798 €	679 051 €	1,84 M €−3,4%	402
2017 Q2	875 710 €	629 311 €	1,91 M €+8,9%	443
2017 Q1	851 671 €	625 128 €	1,75 M €−3,0%	435
Total 2017:	3,42 M €	2,53 M €	7,19 M €
2016 Q4	888 377 €	634 090 €	1,80 M €−10,7%	468
2016 Q3	977 667 €	709 758 €	2,02 M €+15,8%	468
2016 Q2	886 118 €	613 167 €	1,75 M €−2,0%	468
2016 Q1	844 131 €	625 490 €	1,78 M €+4,8%	468
Total 2016:	3,60 M €	2,58 M €	7,35 M €
2015 Q4	909 976 €	651 065 €	1,70 M €−8,2%	1
2015 Q3	958 730 €	709 289 €	1,85 M €−11,5%	1
2015 Q2	1,09 M €	801 140 €	2,09 M €−9,9%	1
2015 Q1	1,25 M €	889 467 €	2,32 M €	1
Total 2015:	4,21 M €	3,05 M €	7,96 M €

Revenue by industry

	2023	2024	2025
Temporary employment agency activities		7 568 308 €	7 943 460 €
Activities of employment agencies	243 924 €	376 373 €	262 704 €
Temporary employment agency activities	6 855 515 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Heidi Brock Rubæk	-	-	Board member	10.07.2026	-
Annemari Katariina Kovalainen	47304XXXXXX	03.04.1973 (53)	Board member	11.08.2023	-

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Shareholders

	Personal ID code
ManpowerGroup Oy	-	-	Shareholder	25 564 EUR	100,00%	Sole ownership	08.09.2026	-

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Other persons

	Personal ID code
Mariel Akkermann	48009XXXXXX	08.09.1980 (46)	Audit firm	30.03.2022	-
Aktsiaselts Deloitte Eesti	10687819	31.08.2000 (26)	Audit firm	06.05.2008	-
Manpower OY	-	-	Founder	29.06.2004	-

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Ultimate beneficial owners

	Personal ID code
Heidi Brock Rubæk	-	-	Member of higher governing body (board or supervisory board)	05.06.2026	-
Annemari Katariina Kovalainen	47304XXXXXX	03.04.1973 (53)	Member of higher governing body (board or supervisory board)	20.09.2023	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 1 943 832 €
Monthly average: 647 944 €
Per employee: 3 484 €
Equity ratio: 2 534,60%

Labour taxes

Turnover ratio: 38,05%
Tax ratio: 79,03%
Monthly average: 246 540 €
Per employee: 1 329 €

State taxes

Monthly average: 311 960 €
Turnover ratio: 48,15%

Estimated salary

Gross salary: 2 459 €
Net salary: 2 003 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	5 136 482 €+1,7%	5 052 735 €+3,9%	4 861 876 €−1,5%	4 938 033 €+3,4%	4 774 560 €+7,0%	4 464 192 €+7,1%	4 168 698 €
Non-current assets	13 611 €−21,4%	17 323 €+179%	-	6 218 €−40,7%	10 482 €−17,8%	12 757 €+249%	3 658 €
Total assets	5 150 093 €+1,6%	5 070 058 €+4,3%	4 861 876 €−1,7%	4 944 251 €+3,3%	4 785 042 €+6,9%	4 476 949 €+7,3%	4 172 356 €
Short-term liabilities	1 214 623 €+1,7%	1 193 952 €+14,7%	1 040 942 €−9,3%	1 148 281 €+4,9%	1 094 953 €+12,8%	970 750 €+38,4%	701 253 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	1 214 623 €+1,7%	1 193 952 €+14,7%	1 040 942 €−9,3%	1 148 281 €+4,9%	1 094 953 €+12,8%	970 750 €+38,4%	701 253 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	3 847 986 €+1,5%	3 792 814 €+0,7%	3 767 850 €+2,9%	3 661 969 €+5,3%	3 478 079 €+1,0%	3 442 983 €+3,2%	3 335 510 €
Net profit	59 364 €+7,6%	55 172 €+121%	24 964 €−76,4%	105 881 €−42,4%	183 890 €+424%	35 096 €−67,3%	107 473 €
Equity	3 935 470 €+1,5%	3 876 106 €+1,4%	3 820 934 €+0,7%	3 795 970 €+2,9%	3 690 089 €+5,2%	3 506 199 €+1,0%	3 471 103 €
Turnover	8 206 164 €+3,3%	7 944 681 €+11,9%	7 099 439 €−3,8%	7 379 595 €−2,7%	7 582 468 €+15,9%	6 540 106 €+13,5%	5 763 008 €
Profit margin	0,7%	0,7%	0,4%	1,4%	2,4%	0,5%	1,9%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	108 717 €	191 075 €
Liquidity
Current ratio	4,3	4,4
Quick ratio	4,3	4,4
Cash ratio	2,8	2,9
Efficiency
Days sales outstanding (dso)	81,0	70,1
Asset turnover	1,5	1,6
Structure
Debt ratio	0,2	0,2
Profitability
Operating margin	1,4%	2,5%
Net profit margin	1,4%	2,4%
Return on assets (roa)	2,2%	4,0%
Return on equity (roe)	2,8%	5,0%

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Licences & notices


Notice of economic activity	STR001125	Temporary-agency labour mediation	Valid	20.01.2020	-
Notice of economic activity	STT000185	Employment-agency service	Valid	30.12.2008	-

Regulations


Ä 10081172 / 17	08.09.2026	Entry – Amendment entry	-	Entered into force08.09.2026
Ä 10081172 / 16	26.08.2026	Entry – Amendment entry	-	Entered into force26.08.2026
Ä 10081172 / M6	21.08.2026	Order to remedy deficiencies – Change of shareholders	05.09.2026	Deficiencies remedied25.08.2026
Ä 10081172 / 15	10.07.2026	Entry – Amendment entry	-	Entered into force10.07.2026
Ä 10081172 / 14	01.09.2023	Entry – Amendment entry	-	Entered into force01.09.2023

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


2-13-33806/20	Kohtu I astme menetlus	Court ruling	Law of obligations	Donald Kiidjärv	ECLI:EE:TMK:2014:2.13.33806.2101	17.01.2014	Open

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


12.08.2026	Riigi Kinnisvara Aktsiaselts	5 185,68 €Received	OPERATING EXPENSESOther general services
10.07.2026	Riigi Kinnisvara Aktsiaselts	5 185,68 €Received	OPERATING EXPENSESOther general services
10.06.2026	Riigi Kinnisvara Aktsiaselts	5 185,68 €Received	OPERATING EXPENSESOther general services
14.05.2026	Riigi Kinnisvara Aktsiaselts	5 185,68 €Received	OPERATING EXPENSESOther general services
10.04.2026	Riigi Kinnisvara Aktsiaselts	5 185,68 €Received	OPERATING EXPENSESOther general services

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


01.01.2024	Eesti TöötukassaAid measure 231580	Koolitus VTA › Koolitus VTAGrant	257,12 €	231580/2401039
11.08.2023	Eesti TöötukassaAid measure 20985	Koolitus VTA › Koolitus VTAGrant	2 242,88 €	20985/2400380
01.08.2023	Eesti TöötukassaAid measure 211134	Nõustamine VTA › Nõustamine VTAGrant	543,75 €	211134/2301389
01.08.2023	Eesti TöötukassaAid measure 211134	Nõustamine VTA › Nõustamine VTAGrant	543,75 €	211134/2301390
01.08.2023	Eesti TöötukassaAid measure 211134	Nõustamine VTA › Nõustamine VTAGrant	543,75 €	211134/2301452

Public procurement contracts


07.11.2024End 29.02.2028	Reference number 284767 · Leping nr HAL-26/2024-19	Riigi Kinnisvara AktsiaseltsContracting authority	150 552 €	Concluded
09.01.2023End 08.01.2025	Reference number 258093 · Personaliotsingu hankeleping	Tallinna KiirabiContracting authority	59 990 €actual 1 000 €	Completed
29.11.2021End 28.02.2025	Reference number 243214 · Teenusleping	Riigi Kinnisvara AktsiaseltsContracting authority	127 080 €	Completed
24.04.2020End 28.02.2022	Reference number 220850 · LEPING	Riigi Kinnisvara AktsiaseltsContracting authority	59 360 €	Completed
23.11.2017End 22.11.2018	Reference number 192014 · Raamleping nr 3-3/2137	Siseministeeriumi infotehnoloogia- ja arenduskeskusContracting authority	45 000 €actual 14 937,60 €	Completed

.ee domains


manpowergroupsolutions.ee	Active	22.06.2011	23.06.2027
manpower.ee	Active	04.07.2010	23.11.2027

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.