SmartLynx Airlines Estonia OÜ

Legal form:: Private limited company
Registry code:: 12264460
VAT no.:: EE101544261
Fiscal-year period:: 01.01 - 31.12
Established:: 11.04.2012 (14 y)
Capital:: 10 833 EUR
Address:: Lennujaama tee 13, Lasnamäe linnaosa, Tallinn, Harju maakond, 11101
Status:: Bankrupt
LEI code:: 894500J4EH6RDEBCDT19 (expired 13.04.2019)

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Industries

TRANSPORTATION AND STORAGE
Warehousing and support activities for transportation
Supporting activities for transportation
Service activities supporting air transport
52239 – Other service activities supporting air transportation

VAT liability

VAT no.	Start	End
EE101544261	05.06.2012	-

Annual reports

Aggregate data

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	11.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	14.07.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	29.09.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	29.12.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	21.08.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	27.03.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	20.03.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	06.04.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	04.03.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	02.03.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	17.06.2014	Valid	PDF
2012	11.04.2012 – 31.12.2012	28.06.2013	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 24.10.2026.

Delayed declarations

Income- and social-tax return

11.05.2026

14.05.2026

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Tax debt20.4k€Reports2 Declarations Court decisions119 Official announcements18 TTJA decisions74 Real estate–.ee domains–Licenses–Regulations22 Public transactions–Grants–State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders1

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	3 928 €	3 705 €	21 494 €	-
2026 Q2	-	-	0 €	-
2026 Q1	328 €	509 €	0 €−100%	9
Total 2026:	4 256 €	4 214 €	21 494 €
2025 Q4	24 208 €	27 424 €	14,9 M €+2,0%	10
2025 Q3	30 378 €	33 020 €	14,6 M €+19,0%	14
2025 Q2	34 005 €	36 491 €	12,3 M €−26,9%	14
2025 Q1	32 063 €	34 263 €	16,8 M €−20,8%	11
Total 2025:	120 654 €	131 198 €	58,7 M €
2024 Q4	68 039 €	71 110 €	21,2 M €−47,0%	10
2024 Q3	55 034 €	57 508 €	40,1 M €+50,7%	10
2024 Q2	54 412 €	57 114 €	26,6 M €−11,4%	9
2024 Q1	45 456 €	47 890 €	30,0 M €+47,9%	9
Total 2024:	222 941 €	233 622 €	118,0 M €
2023 Q4	51 112 €	53 790 €	20,3 M €−19,6%	8
2023 Q3	47 690 €	50 323 €	25,3 M €+419%	9
2023 Q2	48 549 €	51 113 €	4,87 M €−34,5%	10
2023 Q1	44 580 €	46 930 €	7,44 M €−40,1%	9
Total 2023:	191 931 €	202 156 €	57,9 M €
2022 Q4	45 687 €	48 203 €	12,4 M €−58,2%	8
2022 Q3	40 903 €	43 204 €	29,7 M €+88,5%	8
2022 Q2	32 936 €	34 809 €	15,7 M €−21,2%	7
2022 Q1	17 798 €	18 581 €	20,0 M €−14,4%	6
Total 2022:	137 324 €	144 797 €	77,8 M €
2021 Q4	9 769,10 €	10 100,87 €	23,3 M €+39,1%	2
2021 Q3	9 978,67 €	10 531,06 €	16,8 M €+238%	3
2021 Q2	17 891,45 €	18 413,14 €	4,96 M €+302%	3
2021 Q1	10 702,83 €	11 374,57 €	1,23 M €−74,9%	3
Total 2021:	48 342,05 €	50 419,64 €	46,3 M €
2020 Q4	14 602,03 €	15 567,15 €	4,90 M €+17,1%	3
2020 Q3	10 966,75 €	11 879,37 €	4,19 M €−1,0%	3
2020 Q2	18 648,32 €	20 803,67 €	4,23 M €−79,6%	3
2020 Q1	34 190 €	36 530 €	20,7 M €−58,0%	7
Total 2020:	78 407,10 €	84 780,19 €	34,0 M €
2019 Q4	37 073 €	39 634 €	49,3 M €−30,1%	7
2019 Q3	35 868 €	38 241 €	70,6 M €+75,2%	10
2019 Q2	36 151 €	38 583 €	40,3 M €+147%	7
2019 Q1	32 647 €	34 793 €	16,3 M €−44,7%	7
Total 2019:	141 739 €	151 251 €	176,4 M €
2018 Q4	27 047 €	29 058 €	29,5 M €−11,9%	7
2018 Q3	18 278 €	19 702 €	33,5 M €+32,5%	7
2018 Q2	19 530 €	21 059 €	25,3 M €+48,9%	5
2018 Q1	17 222 €	18 563 €	17,0 M €−15,4%	6
Total 2018:	82 077 €	88 382 €	105,2 M €
2017 Q4	23 221 €	24 950 €	20,0 M €−11,1%	5
2017 Q3	26 732 €	28 773 €	22,6 M €+85,8%	5
2017 Q2	28 376 €	30 379 €	12,1 M €+45,0%	6
2017 Q1	23 174 €	24 917 €	8,37 M €+47,5%	6
Total 2017:	101 503 €	109 019 €	63,1 M €
2016 Q4	23 165 €	24 909 €	5,68 M €+10,9%	8
2016 Q3	20 838 €	22 471 €	5,12 M €−25,4%	8
2016 Q2	28 221 €	30 134 €	6,87 M €+31,3%	8
2016 Q1	21 349 €	22 944 €	5,23 M €−44,3%	8
Total 2016:	93 573 €	100 458 €	22,9 M €
2015 Q4	22 971 €	24 612 €	9,39 M €+14,3%	1
2015 Q3	19 987 €	21 535 €	8,21 M €+16,8%	1
2015 Q2	17 050 €	18 435 €	7,03 M €−1,0%	1
2015 Q1	17 204 €	18 627 €	7,10 M €	1
Total 2015:	77 212 €	83 209 €	31,7 M €

Revenue by industry

	2021	2022	2023
Other service activities supporting air transportation			86 001 680 €
Passenger air transport	36 529 652 €	56 178 764 €

Tax debts

Type	Amount	Deferred	Disputed
Interest	1 125 €	0 €	0 €
Social tax	13 210,33 €	0 €	0 €
Value-added tax	3 691,43 €	0 €	0 €
Motor vehicle tax	131,71 €	0 €	0 €
Unemployment insurance contributions	231,97 €	0 €	0 €
Withheld income tax	2 052,61 €	0 €	0 €
Total	20 443,05 €	0 €	0 €

Representatives

	Personal ID code
Indrek Lepsoo	37611XXXXXX	28.11.1976 (49)	Bankruptcy trustee	25.03.2026	-
Edvinas Demenius	-	14.01.1988 (38)	Board member	15.02.2024	-

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Shareholders

	Personal ID code
Stichting Break Point Distressed Assets Management	-	-	Shareholder	9 833 EUR	90,77%	Sole ownership	05.12.2025	-
Edvinas Demenius	-	14.01.1988 (38)	Shareholder	500 EUR	4,62%	Sole ownership	05.12.2025	-
Mindaugas Kazakevicius	-	04.12.1985 (40)	Shareholder	500 EUR	4,62%	Sole ownership	05.12.2025	-

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Other persons

	Personal ID code
Kristel Viru	48407XXXXXX	04.07.1984 (42)	Bankruptcy-committee member	27.04.2026	-
Sander Potisepp	39311XXXXXX	03.11.1993 (32)	Bankruptcy-committee member	27.04.2026	-
Toomas Mälberg	37209XXXXXX	16.09.1972 (54)	Bankruptcy-committee member	27.04.2026	-
Smartlynx Airlines SIA	40003XXXXXX	05.03.1900 (126)	Founder	03.04.2012	-

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Ultimate beneficial owners

	Personal ID code
Elias Heracleous	-	27.06.1976 (50)	Indirect holding	25.11.2025	-
Maria Xeni	-	27.10.1992 (33)	Indirect holding	25.11.2025	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 21 494 €
Monthly average: 7 165 €
Per employee: -
Equity ratio: 66,14%

Labour taxes

Turnover ratio: 17,24%
Tax ratio: 94,32%
Monthly average: 1 235 €
Per employee: -

State taxes

Monthly average: 1 309 €
Turnover ratio: 18,27%

Estimated salary

Gross salary: -
Net salary: -

Aggregate data

	2023	2022	2021	2020	2019
Current assets	12 625 158 €+43,2%	8 818 575 €+52,7%	5 773 265 €−14,1%	6 722 793 €+15,8%	5 806 001 €
Non-current assets	1 337 873 €−7,3%	1 442 515 €+75,8%	820 412 €+1 736%	44 683 €−97,8%	2 002 343 €
Total assets	13 963 031 €+36,1%	10 261 090 €+55,6%	6 593 677 €−2,6%	6 767 476 €−13,3%	7 808 344 €
Short-term liabilities	9 436 464 €+50,0%	6 289 650 €+111%	2 985 947 €−7,1%	3 215 188 €−28,0%	4 463 798 €
Long-term liabilities	-	-	-	-	-
Total liabilities	9 436 464 €+50,0%	6 289 650 €+111%	2 985 947 €−7,1%	3 215 188 €−28,0%	4 463 798 €
Share or stock capital	-	-	-	-	-
Retained earnings	3 968 940 €+10,1%	3 605 230 €+1,6%	3 549 788 €+6,2%	3 342 046 €+80,5%	1 851 505 €
Net profit	555 127 €+52,6%	363 710 €+556%	55 442 €−73,3%	207 742 €−86,1%	1 490 541 €
Equity	4 526 567 €+14,0%	3 971 440 €+10,1%	3 607 730 €+1,6%	3 552 288 €+6,2%	3 344 546 €
Turnover	86 001 680 €+53,1%	56 178 764 €+53,8%	36 529 652 €+143%	15 060 145 €−84,6%	97 888 320 €
Profit margin	0,6%	0,6%	0,2%	1,4%	1,5%

Financial ratios

	2020	2019
Profit and cash flow
EBITDA	227 445 €	1 575 962 €
Liquidity
Current ratio	2,1	1,3
Quick ratio	2,1	1,3
Cash ratio	0,4	0,9
Efficiency
Days sales outstanding (dso)	91,3	6,8
Asset turnover	2,1	12,8
Structure
Debt ratio	0,5	0,6
Profitability
Operating margin	1,4%	1,5%
Net profit margin	1,4%	1,5%
Return on assets (roa)	2,9%	19,4%
Return on equity (roe)	5,8%	44,6%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10167787 / 16	18.06.2026	Entry order ex-officio – Amendment entry	-	Entered into force18.06.2026
Ä 10167787 / 15	25.03.2026	Entry order to enforce another court judgment – Bankruptcy declaration entry	-	Entered into force25.03.2026
Ä 10167787 / M6	21.11.2025	Deliverable order – Amendment entry	-	Entered into force10.12.2025
Ä 10167787 / M5	24.10.2025	Order to remedy deficiencies – Amendment entry	03.12.2025	Entered into force19.11.2025
Ä 10167787 / 14	05.09.2025	Entry – Amendment entry	-	Entered into force05.09.2025

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions


19-1/25-04457-001	Margus Kingisepp	In favour of the consumer	15.07.2025	PDF
19-1/25-04818-001	Margus Kingisepp	In favour of the consumer	20.06.2025	PDF
19-1/25-02488-001	Margus Kingisepp	In favour of the consumer	16.05.2025	PDF
19-1/25-01608-001	Margus Kingisepp	In favour of the consumer	16.05.2025	PDF
19-1/22-14425-014	Margus Kingisepp	In favour of the consumer	06.02.2023	PDF

Court decisions


2-26-1466/8	Kohtu I astme menetlus	Court ruling	Bankruptcy law	Ants Mailend	ECLI:EE:HMK:2026:2.26.1466.4862	25.03.2026	Open
2-24-226/17	Kohtu I astme menetlus	Court judgment	Law of obligations	Toomas Ventsli	ECLI:EE:HMK:2026:2.24.226.3907	13.02.2026	Open
2-25-17516/7	Kohtu I astme menetlus	Court ruling	Law of obligations, international legal aid	Mai Grauberg	ECLI:EE:HMK:2026:2.25.17516.2460	08.01.2026	Open
2-25-17131/3	Kohtu I astme menetlus	Court judgment	Law of obligations	Ants Mailend	ECLI:EE:HMK:2025:2.25.17131.21658	08.12.2025	Open
2-23-7095/15	Kohtu I astme menetlus	Court judgmentDecision partly based on admission of the claim	Law of obligations	Marget Henriksen	ECLI:EE:HMK:2024:2.23.7095.24395	10.12.2024	Open

Official announcements


Notice of auction of movable property in bankruptcy proceedings	28.09.2026	PDF
Notice of auction of movable property in bankruptcy proceedings	07.09.2026	PDF
Notice of auction of movable property in bankruptcy proceedings	24.08.2026	PDF
Notice of auction of movable property in bankruptcy proceedings	03.08.2026	PDF
Notice of opportunity to examine the list of creditors	03.08.2026	PDF

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

No domains found

Company has no valid .ee domains

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders


2-19-127226	Floren	Pärnu Maakohtu maksekäsuosakond	28.11.2019	1 668 €	1 600 €	0 €	48 €	20 €

Data comes from public registers.