Innovative Water Systems OÜ

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	08.05.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	02.04.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	17.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	20.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	16.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	02.09.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	07.08.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	16.05.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	18.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	28.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	19.10.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	10.11.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	21.08.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	08.01.2014	Valid	PDF
2011	01.01.2011 – 31.12.2011	25.10.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	12.03.2012	Valid	PDF
2009	01.01.2009 – 31.12.2009	19.01.2011	Valid	PDF
2008	01.01.2008 – 31.12.2008	15.12.2009	Valid	PDF
2007	09.05.2007 – 31.12.2007	11.12.2008	Valid	PDF

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains2 Licenses1 Regulations21 Public transactions25 Grants8 State aid36 Public procurement3 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	142 622 €	152 611 €	2,73 M €−10,3%	38
2026 Q2	201 127 €	152 194 €	3,05 M €+91,4%	34
2026 Q1	298 664 €	195 319 €	1,59 M €−32,0%	37
Total 2026:	642 413 €	500 124 €	7,37 M €
2025 Q4	172 934 €	159 535 €	2,34 M €−1,0%	36
2025 Q3	222 036 €	154 131 €	2,37 M €−16,5%	36
2025 Q2	176 986 €	151 879 €	2,83 M €+56,7%	32
2025 Q1	174 409 €	144 398 €	1,81 M €−10,2%	33
Total 2025:	746 365 €	609 943 €	9,35 M €
2024 Q4	122 205 €	129 997 €	2,01 M €−4,6%	30
2024 Q3	151 139 €	132 481 €	2,11 M €−11,5%	30
2024 Q2	138 391 €	124 035 €	2,39 M €−47,4%	31
2024 Q1	174 398 €	155 547 €	4,54 M €+94,4%	30
Total 2024:	586 133 €	542 060 €	11,0 M €
2023 Q4	120 023 €	109 011 €	2,33 M €+7,6%	29
2023 Q3	144 172 €	108 261 €	2,17 M €+9,9%	28
2023 Q2	95 620 €	101 211 €	1,97 M €+20,3%	28
2023 Q1	133 139 €	109 559 €	1,64 M €−39,9%	28
Total 2023:	492 954 €	428 042 €	8,12 M €
2022 Q4	99 002 €	96 616 €	2,73 M €+24,5%	27
2022 Q3	120 055 €	98 105 €	2,19 M €−18,8%	27
2022 Q2	83 654 €	88 657 €	2,70 M €+52,1%	27
2022 Q1	126 757 €	95 031 €	1,78 M €−35,3%	26
Total 2022:	429 468 €	378 409 €	9,40 M €
2021 Q4	137 217,74 €	91 009,62 €	2,75 M €+7,9%	24
2021 Q3	103 913,61 €	85 739,03 €	2,54 M €−6,4%	27
2021 Q2	96 725,31 €	82 824,48 €	2,72 M €+66,5%	26
2021 Q1	130 309,04 €	80 458,43 €	1,63 M €−30,6%	29
Total 2021:	468 165,70 €	340 031,56 €	9,64 M €
2020 Q4	133 670,14 €	68 620,42 €	2,35 M €+19,6%	28
2020 Q3	120 403,16 €	68 043,76 €	1,97 M €+16,6%	27
2020 Q2	94 352,87 €	61 652,08 €	1,69 M €+42,8%	25
2020 Q1	92 447 €	66 856 €	1,18 M €−37,6%	26
Total 2020:	440 873,17 €	265 172,26 €	7,19 M €
2019 Q4	147 383 €	72 863 €	1,89 M €−11,5%	25
2019 Q3	159 317 €	63 617 €	2,14 M €+27,6%	25
2019 Q2	127 228 €	61 359 €	1,68 M €+103%	24
2019 Q1	58 254 €	58 894 €	826 801 €−49,0%	24
Total 2019:	492 182 €	256 733 €	6,53 M €
2018 Q4	97 651 €	59 064 €	1,62 M €+5,6%	25
2018 Q3	143 555 €	57 019 €	1,53 M €+18,9%	24
2018 Q2	43 700 €	48 542 €	1,29 M €+123%	24
2018 Q1	73 046 €	52 287 €	579 495 €−42,9%	22
Total 2018:	357 952 €	216 912 €	5,02 M €
2017 Q4	53 373 €	46 495 €	1,02 M €−4,0%	23
2017 Q3	97 861 €	45 667 €	1,06 M €+11,7%	21
2017 Q2	74 759 €	35 929 €	947 240 €+57,5%	23
2017 Q1	45 165 €	32 714 €	601 305 €+8,7%	19
Total 2017:	271 158 €	160 805 €	3,62 M €
2016 Q4	80 268 €	34 039 €	553 385 €−11,8%	18
2016 Q3	72 183 €	38 603 €	627 585 €+7,5%	18
2016 Q2	72 468 €	35 917 €	583 918 €+1,6%	18
2016 Q1	63 931 €	35 343 €	574 592 €	18
Total 2016:	288 850 €	143 902 €	2,34 M €
2015 Q4	65 218 €	35 187 €	0 €	1
2015 Q3	85 976 €	33 582 €	0 €	1
2015 Q2	69 221 €	34 192 €	0 €	1
2015 Q1	91 016 €	36 817 €	0 €	1
Total 2015:	311 431 €	139 778 €	0 €

Revenue by industry

	2023	2024	2025
Manufacture of plastic plates, sheets, tubes and profiles		7 156 650 €	8 540 980 €
Manufacture of plastic plates, sheets, profiles, tubes, hoses, fittings etc.	6 884 862 €

Tax debts

No tax debt found

No tax debt as of 22.10.2026

Representatives

	Personal ID code
Margus Aiaots	37608XXXXXX	29.08.1976 (50)	Board member	22.04.2015	-
Jorma Karolin	37603XXXXXX	27.03.1976 (50)	Board member	04.02.2011	-
Marek Somelar	37810XXXXXX	05.10.1978 (48)	Board member	23.05.2007	-

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Shareholders

	Personal ID code
Baltcom OÜ	16136322	11.01.2021 (5)	Shareholder	3 599,38 EUR	35,99%	Sole ownership	12.08.2025	-
OneGroup OÜ	16136535	11.01.2021 (5)	Shareholder	3 200,31 EUR	32,00%	Sole ownership	12.08.2025	-
Caelum OÜ	12606357	30.01.2014 (12)	Shareholder	3 200,31 EUR	32,00%	Sole ownership	12.08.2025	-

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Other persons

	Personal ID code
Osaühing EuroConsult	11226799	08.03.2006 (20)	Founder	09.05.2007	-

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Ultimate beneficial owners

	Personal ID code
Jorma Karolin	37603XXXXXX	27.03.1976 (50)	Direct holding	13.09.2018	-
Marek Somelar	37810XXXXXX	05.10.1978 (48)	Direct holding	13.09.2018	-
Margus Aiaots	37608XXXXXX	29.08.1976 (50)	Direct holding	13.09.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

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2026 Q3

Turnover

Amount: 2 732 035 €
Monthly average: 910 678 €
Per employee: 23 965 €
Equity ratio: 9 106,78%

Labour taxes

Turnover ratio: 5,59%
Tax ratio: 107,00%
Monthly average: 50 870 €
Per employee: 1 413 €

State taxes

Monthly average: 47 541 €
Turnover ratio: 5,22%

Estimated salary

Gross salary: 2 602 €
Net salary: 2 111 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	2 799 184 €−2,9%	2 884 070 €+14,5%	2 518 045 €+10,4%	2 281 276 €−3,7%	2 369 120 €+29,5%	1 829 087 €+27,3%	1 437 318 €
Non-current assets	767 694 €+28,0%	599 854 €−9,1%	660 075 €−30,5%	949 390 €+30,1%	729 468 €+58,5%	460 222 €+74,2%	264 185 €
Total assets	3 566 878 €+2,4%	3 483 924 €+9,6%	3 178 120 €−1,6%	3 230 666 €+4,3%	3 098 588 €+35,4%	2 289 309 €+34,5%	1 701 503 €
Short-term liabilities	882 679 €−30,7%	1 274 038 €+54,0%	827 130 €−21,2%	1 049 142 €−8,8%	1 149 959 €+36,5%	842 161 €+12,4%	749 423 €
Long-term liabilities	11 133 €−51,1%	22 767 €−67,6%	70 348 €−42,3%	121 937 €−26,2%	165 161 €+81,2%	91 133 €	-
Total liabilities	893 812 €−31,1%	1 296 805 €+44,5%	897 478 €−23,4%	1 171 079 €−11,0%	1 315 120 €+40,9%	933 294 €+24,5%	749 423 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	1 924 307 €−2,9%	1 981 051 €+12,3%	1 763 342 €+15,8%	1 522 316 €+28,4%	1 185 886 €+48,4%	799 249 €+57,2%	508 380 €
Net profit	738 503 €+263%	203 256 €−60,5%	514 488 €−3,7%	534 459 €−10,1%	594 770 €+7,4%	553 954 €+25,6%	440 888 €
Equity	2 673 066 €+22,2%	2 187 119 €−4,1%	2 280 642 €+10,7%	2 059 587 €+15,5%	1 783 468 €+31,5%	1 356 015 €+42,4%	952 080 €
Turnover	8 540 980 €+19,3%	7 156 650 €+3,9%	6 884 862 €−10,4%	7 679 737 €+16,8%	6 573 971 €+21,5%	5 408 538 €+11,0%	4 874 357 €
Profit margin	8,6%	2,8%	7,5%	7,0%	9,0%	10,2%	9,0%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	2,2	2,1
Quick ratio	1,2	1,2
Cash ratio	0,5	0,5
Efficiency
Days sales outstanding (dso)	34,6	34,0
Asset turnover	2,4	2,4
Structure
Debt ratio	0,4	0,4
Profitability
Operating margin	8,1%	9,9%
Net profit margin	7,0%	9,0%
Return on assets (roa)	16,9%	22,1%
Return on equity (roe)	25,9%	33,3%

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Licences & notices


Notice of economic activity	TEL001795	Electrical works	Valid	26.09.2011	-

Regulations


Ä 10108882 / 15	24.07.2025	Entry – Amendment entry	-	Entered into force24.07.2025
Ä 10108882 / 14	01.09.2023	Entry – Amendment entry	-	Entered into force01.09.2023
Ä 10108882 / 13	28.04.2022	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force28.04.2022
K 10108882 / 12	26.10.2020	Entry – Commercial-pledge opening entry	-	Entered into force26.10.2020
K 10108882 / 11	31.01.2019	Entry – Commercial-pledge opening entry	-	Entered into force31.01.2019

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

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


02.07.2026	Majandus- ja Kommunikatsiooniministeerium	47 303,20 €Received	OTHER GRANTSR&D in general economic, trade and labour policy
24.03.2026	Majandus- ja Kommunikatsiooniministeerium	2 314,13 €Received	OTHER GRANTSR&D in general economic, trade and labour policy
11.02.2026	Majandus- ja Kommunikatsiooniministeerium	126 183,97 €Received	OTHER GRANTSR&D in general economic, trade and labour policy
27.08.2025	Majandus- ja Kommunikatsiooniministeerium	34 062,97 €Received	OTHER GRANTSR&D in general economic, trade and labour policy
23.07.2025	Majandus- ja Kommunikatsiooniministeerium	13 893,88 €Received	OTHER GRANTSR&D in general economic, trade and labour policy

Funded projects


IWS arenguprogramm 2024 (II etapp)2021-2027.1.01.25-1563	(EK nr 1.1) Teadus- ja innovatsioonivõime, kõrgetasemelised tehnoloogiadERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.01.2026 – 30.06.20272021-2027	556 500 €support 45,0%	105 118,22 €	Funded
IWS arenguprogramm 20242021-2027.1.01.24-0643	(EK nr 1.1) Teadus- ja innovatsioonivõime, kõrgetasemelised tehnoloogiadERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.07.2024 – 31.12.20252021-2027	696 100 €support 45,0%	517 192,96 €	Completed
IWS arenguprogramm (II etapp)2014-2020.4.04.21-2109	Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	25.11.2021 – 24.05.20232014-2020	277 977,50 €support 45,0%	259 187,68 €	Completed
SSS pumpla tehnilise lahenduse välja töötamine2014-2020.4.04.21-1702	Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.04.2021 – 30.09.20212014-2020	18 240 €support 70,0%	18 240 €	Completed
IWS plastjäätmete töötlemise liin2014-2020.4.03.20-0596	Ettevõtete energia- ja ressursitõhususERDF · Sihtasutus Keskkonnainvesteeringute Keskus	15.09.2020 – 14.09.20212014-2020	140 000 €support 45,0%	136 208 €	Completed

State aid


28.09.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241718	T&A VTA › T&A VTAGrant	4 472,88 €	241718/2600384
16.03.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241718	T&A VTA › T&A VTAGrant	2 314,13 €	241718/2600026
26.02.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241659	Muu › MuuGrant	92 025 €	241659/2600004
26.02.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241660	EK grupierandi määrus 651/2014 Koolitusabi (artikkel 31) › KoolitusabiGrant	5 400 €	241660/2600004
26.02.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241660	EK grupierandi määrus 651/2014 Teadus- ja arendustegevuseks ning innovatsiooniks antav abi (artiklid 25-30) › Protsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29)Grant	4 500 €	241660/2600004

Public procurement contracts


05.06.2025End 31.12.2025	Reference number 294901	Qingdao Sincere Machinery Co., Ltd.Contractor	174 758 €	Completed
23.03.2021End 01.07.2021	Reference number 233184 · IWS Plastic waste treatment line Contract Nr.20210309 IWS-Weima	Weima Maschinenbau GmbHContractor	139 000 €	Completed
02.11.2015End 30.11.2015	Reference number 167497	Osaühing JÄRVE BIOPUHASTUSContracting authority	11 375 €	Completed

.ee domains


iwsgroup.ee	Active	04.07.2010	20.12.2026
innovativewatersystems.ee	Active	04.07.2010	21.11.2027

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.