AS Baltic Rail

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Not submitted
2024	01.01.2024 – 31.12.2024	30.06.2025	Not submitted
2023	01.01.2023 – 31.12.2023	30.06.2024	Not submitted
2022	01.01.2022 – 31.12.2022	30.06.2023	Not submitted
2021	01.01.2021 – 31.12.2021	09.01.2026	Valid	PDF
2020	01.01.2020 – 31.12.2020	15.05.2025	Valid	PDF
2019	01.01.2019 – 31.12.2019	28.02.2025	Valid	PDF
2018	01.01.2018 – 31.12.2018	04.12.2024	Valid	PDF
2017	01.01.2017 – 31.12.2017	25.07.2023	Valid	PDF
2016	01.01.2016 – 31.12.2016	20.05.2019	Valid	PDF
2015	01.01.2015 – 31.12.2015	26.10.2018	Valid	PDF
2014	01.01.2014 – 31.12.2014	25.11.2016	Valid	PDF
2013	01.01.2013 – 31.12.2013	30.01.2015	Valid	PDF
2012	01.01.2012 – 31.12.2012	22.07.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	03.07.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	22.07.2011	Valid	PDF
2009	04.09.2008 – 31.12.2009	01.07.2010	Valid	PDF

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No unsubmitted declarations as of 19.10.2026.

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Tax debt Reports4 Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses–Regulations32 Public transactions8 Grants–State aid1 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	28 155 €	31 320 €	2,46 M €−18,3%	10
2026 Q2	27 975 €	30 939 €	3,01 M €+14,8%	10
2026 Q1	28 186 €	30 980 €	2,62 M €−5,6%	10
Total 2026:	84 316 €	93 239 €	8,10 M €
2025 Q4	33 157 €	36 229 €	2,78 M €+12,0%	9
2025 Q3	32 209 €	35 316 €	2,48 M €−21,4%	10
2025 Q2	32 454 €	35 450 €	3,16 M €+1,9%	10
2025 Q1	33 860 €	36 806 €	3,10 M €+6,8%	10
Total 2025:	131 680 €	143 801 €	11,5 M €
2024 Q4	32 297 €	34 590 €	2,90 M €+17,4%	11
2024 Q3	32 603 €	34 763 €	2,47 M €−42,1%	11
2024 Q2	31 871 €	34 045 €	4,27 M €+18,0%	11
2024 Q1	34 471 €	36 635 €	3,62 M €−4,0%	11
Total 2024:	131 242 €	140 033 €	13,3 M €
2023 Q4	33 893 €	36 084 €	3,77 M €+5,6%	10
2023 Q3	35 686 €	38 047 €	3,57 M €−9,1%	12
2023 Q2	38 522 €	40 975 €	3,92 M €−14,8%	12
2023 Q1	32 038 €	34 072 €	4,61 M €−10,8%	12
Total 2023:	140 139 €	149 178 €	15,9 M €
2022 Q4	30 937 €	32 932 €	5,16 M €+22,8%	10
2022 Q3	29 541 €	31 717 €	4,21 M €−22,5%	10
2022 Q2	28 640 €	30 618 €	5,42 M €+24,6%	9
2022 Q1	26 619 €	28 590 €	4,35 M €+2,9%	9
Total 2022:	115 737 €	123 857 €	19,1 M €
2021 Q4	24 391,79 €	25 956,95 €	4,23 M €−0,2%	8
2021 Q3	25 941,94 €	28 036,83 €	4,24 M €+4,6%	8
2021 Q2	25 799,45 €	27 900,16 €	4,05 M €+17,6%	8
2021 Q1	29 435,83 €	27 559,50 €	3,44 M €−10,4%	8
Total 2021:	105 569,01 €	109 453,44 €	16,0 M €
2020 Q4	24 331,93 €	26 284,77 €	3,85 M €+47,7%	8
2020 Q3	24 512,52 €	26 372,67 €	2,60 M €−28,9%	8
2020 Q2	23 277,58 €	25 095,27 €	3,66 M €+1,6%	8
2020 Q1	23 963 €	25 785 €	3,60 M €−21,6%	8
Total 2020:	96 085,03 €	103 537,71 €	13,7 M €
2019 Q4	23 197 €	24 992 €	4,59 M €+34,9%	8
2019 Q3	22 909 €	24 660 €	3,41 M €−16,1%	8
2019 Q2	27 983 €	29 994 €	4,06 M €+31,0%	7
2019 Q1	26 639 €	28 438 €	3,10 M €+0,2%	8
Total 2019:	100 728 €	108 084 €	15,2 M €
2018 Q4	25 426 €	27 186 €	3,09 M €+1,3%	8
2018 Q3	25 057 €	26 771 €	3,05 M €−0,2%	8
2018 Q2	24 661 €	26 329 €	3,06 M €−2,6%	8
2018 Q1	23 921 €	25 525 €	3,14 M €+21,6%	8
Total 2018:	99 065 €	105 811 €	12,4 M €
2017 Q4	21 548 €	22 819 €	2,58 M €+23,6%	9
2017 Q3	21 870 €	23 195 €	2,09 M €−19,3%	7
2017 Q2	28 064 €	29 258 €	2,59 M €+14,9%	7
2017 Q1	21 981 €	23 275 €	2,26 M €	7
Total 2017:	93 463 €	98 547 €	9,52 M €
2016 Q4	14 637 €	16 042 €	0 €	1
2016 Q3	21 316 €	22 552 €	0 €	1
2016 Q2	21 769 €	22 003 €	0 €	1
2016 Q1	19 762 €	20 858 €	0 €	1
Total 2016:	77 484 €	81 455 €	0 €
2015 Q4	19 850 €	20 905 €	0 €	1
2015 Q3	24 928 €	25 779 €	0 €	1
2015 Q2	17 443 €	18 307 €	0 €	1
2015 Q1	17 074 €	18 142 €	0 €	1
Total 2015:	79 295 €	83 133 €	0 €

Revenue by industry

	2019	2020	2021
Freight rail transport	7 723 903 €	6 447 453 €	7 994 127 €
Organisation and freight forwarding of consignments	169 589 €	586 047 €	663 212 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Stephen Charles Archer	36505XXXXXX	03.05.1965 (61)	Board member	04.09.2008	-

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Shareholders

	Personal ID code
Advokaadibüroo LEVIN OÜ	12947348	16.11.2015 (10)	Shareholder	1 000 000 EUR	100,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
RAIL WORLD B.V.	-	-	Founder	04.09.2008	-
Aktsiaselts PricewaterhouseCoopers	10142876	30.04.1997 (29)	Audit firm	29.08.2008	-
Edward Arnold Burkhardt	-	23.07.1938 (88)	Chairman of the supervisory board	29.08.2008	-
Riivo Sinijärv	34705XXXXXX	27.05.1947 (79)	Supervisory-board member	29.08.2008	-
Timothy Peter Hollaway	-	07.05.1952 (74)	Supervisory-board member	29.08.2008	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 2 460 219 €
Monthly average: 820 073 €
Per employee: 82 007 €
Equity ratio: 82,01%

Labour taxes

Turnover ratio: 1,27%
Tax ratio: 111,24%
Monthly average: 10 440 €
Per employee: 1 044 €

State taxes

Monthly average: 9 385 €
Turnover ratio: 1,14%

Estimated salary

Gross salary: 1 973 €
Net salary: 1 637 €

Aggregate data

	2021	2020	2019
Current assets	1 051 621 €−16,5%	1 259 128 €+20,8%	1 042 660 €
Non-current assets	30 549 €−20,1%	38 219 €−1,0%	38 616 €
Total assets	1 082 170 €−16,6%	1 297 347 €+20,0%	1 081 276 €
Short-term liabilities	9 721 811 €−0,1%	9 729 672 €+14,4%	8 507 555 €
Long-term liabilities	-	-	114 263 €
Total liabilities	9 721 811 €−0,1%	9 729 672 €+12,8%	8 621 818 €
Share or stock capital	1 000 000 €	1 000 000 €	1 000 000 €
Retained earnings	-13 432 325 €−7,1%	-12 540 542 €−4,7%	-11 974 093 €
Net profit	-207 316 €+76,8%	-891 783 €−57,4%	-566 449 €
Equity	-8 639 641 €−2,5%	-8 432 325 €−11,8%	-7 540 542 €
Turnover	8 657 339 €+23,1%	7 033 500 €−10,9%	7 893 492 €
Profit margin	-2,4%	-12,7%	-7,2%

Financial ratios

	2018	2017
Profit and cash flow
EBITDA	-620 794 €	-905 537 €
Liquidity
Current ratio	0,1	0,1
Quick ratio	0,1	0,1
Cash ratio	0,0	0,0
Efficiency
Days sales outstanding (dso)	49,3	63,3
Asset turnover	6,1	4,8
Structure
Debt ratio	7,9	7,0
Profitability
Operating margin	-10,0%	-18,8%
Net profit margin	-10,1%	-18,8%
Return on assets (roa)	-62,0%	-90,4%
Return on equity (roe)	-	-

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10120978 / M25	12.07.2026	Fine-warning order – annual report not filed	24.08.2026	Entered into force25.07.2026
Ä 10120978 / M24	05.05.2026	Reporting-fine order	30.05.2026	Entered into force01.06.2026
Ä 10120978 / M23	14.03.2026	Fine-warning order – annual report not filed	27.04.2026	Entered into force28.03.2026
Ä 10120978 / M22	10.02.2026	Repeat reporting-fine order	10.03.2026	Entered into force11.03.2026
Ä 10120978 / M21	16.12.2025	Reporting-fine order	20.01.2026	Entered into force21.01.2026

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


07.04.2022	Eesti Töötukassa	138,96 €Received	OTHER GRANTSSocial protection of the unemployed
16.03.2022	Eesti Töötukassa	409,16 €Received	OTHER GRANTSSocial protection of the unemployed
07.02.2022	Eesti Töötukassa	602,16 €Received	OTHER GRANTSSocial protection of the unemployed
07.01.2022	Eesti Töötukassa	139,20 €Received	OTHER GRANTSSocial protection of the unemployed
17.11.2021	Eesti Töötukassa	139,20 €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


11.04.2014	Tallinna StrateegiakeskusAid measure 14310	Regionaalareng (VTA) › MuuGrant	526,67 €	14310/1400013

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.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.