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Milrem AS

Legal form:

Public limited company

Registry code:

12494266

VAT no.:

EE101745947

Fiscal-year period:

01.01 - 31.12

Established:

25.06.2013 (13)

Former business names:

Milrem OÜ

Capital:

37 723 EUR

Address:

Betooni tn 1, Lasnamäe linnaosa, Tallinn, Harju maakond, 13619

Status:

Registered

E-arvete vastuvõtmine:

Telema

Contacts

Email:

info@milrem.com

Phone:

+372 6620865

Industries

MANUFACTURING
Manufacture of motor vehicles, trailers and semi-trailers
29101 - Manufacture of motor vehicles

VAT liability

	Start	End
EE101745947	01.03.2022
EE101745947	01.06.2018	28.02.2022
EE101745947	03.10.2014	31.05.2018

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	30.06.2026	Valid
2024	01.01.2024 - 31.12.2024	05.08.2025	Valid
2023	01.01.2023 - 31.12.2023	28.06.2024	Valid
2022	01.01.2022 - 31.12.2022	30.06.2023	Valid
2021	01.01.2021 - 31.12.2021	29.06.2022	Valid
2020	01.01.2020 - 31.12.2020	21.06.2021	Valid
2019	01.01.2019 - 31.12.2019	10.06.2020	Valid
2018	01.01.2018 - 31.12.2018	06.08.2019	Valid
2017	01.01.2017 - 31.12.2017	11.07.2019	Valid
2017	01.01.2017 - 31.12.2017	20.06.2018	Expired
2016	01.01.2016 - 31.12.2016	21.06.2017	Valid
2015	01.01.2015 - 31.12.2015	29.06.2016	Valid
2014	01.01.2014 - 31.12.2014	29.06.2015	Valid
2013	25.06.2013 - 31.12.2013	13.06.2014	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 21.07.2026.

Delayed declarations

	Deadline	Submitted
VAT return	22.12.2025	29.12.2025	7 days overdue
VAT return	20.10.2025	23.10.2025	3 days overdue
Income- and social-tax return	10.10.2025	14.10.2025	4 days overdue
VAT return	22.09.2025	29.09.2025	7 days overdue

???

Credit rating

Hidden

Credit rating is based on company financial data and payment behavior. detailed analysis available to regia+ users.

020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	2 324 950 €	2 378 642 €	14 948 572 €63.7%	286
2026 Q1	2 690 792 €	2 421 671 €	41 175 200 €50.3%	292
Kokku 2026:	5 015 742 €	4 800 313 €	56 123 772 €
2025 Q4	3 630 825 €	2 817 043 €	27 402 742 €420.6%	305
2025 Q3	3 074 226 €	2 608 185 €	5 264 018 €4.5%	342
2025 Q2	2 497 228 €	2 458 784 €	5 036 926 €73.3%	322
2025 Q1	2 651 998 €	2 605 394 €	18 840 841 €408.8%	308
Kokku 2025:	11 854 277 €	10 489 406 €	56 544 527 €274.0%
2024 Q4	1 829 977 €	1 945 304 €	3 702 734 €24.8%	297
2024 Q3	1 251 038 €	1 312 470 €	4 921 075 €1.6%	267
2024 Q2	1 439 029 €	1 484 764 €	4 999 982 €234.7%	232
2024 Q1	1 354 411 €	1 357 243 €	1 493 870 €86.8%	214
Kokku 2024:	5 874 455 €	6 099 781 €	15 117 661 €35.7%
2023 Q4	1 242 417 €	1 244 835 €	11 288 581 €294.6%	196
2023 Q3	1 212 957 €	1 255 325 €	2 861 029 €27.3%	186
2023 Q2	1 054 307 €	1 104 906 €	3 934 409 €27.4%	192
2023 Q1	984 406 €	1 011 063 €	5 416 756 €33.1%	180
Kokku 2023:	4 494 088 €	4 616 129 €	23 500 774 €46.0%
2022 Q4	892 314 €	918 931 €	8 097 978 €215.1%	172
2022 Q3	878 233 €	916 158 €	2 570 144 €2.0%	173
2022 Q2	826 169 €	874 325 €	2 621 342 €6.6%	167
2022 Q1	891 242 €	836 834 €	2 805 888 €12.8%	171
Kokku 2022:	3 487 958 €	3 546 248 €	16 095 353 €62.1%
2021 Q4	905 708 €	843 223 €	3 219 399 €7.2%	165
2021 Q3	1 100 555 €	828 510 €	3 003 380 €183.9%	155
2021 Q2	564 055 €	686 298 €	1 058 085 €60.0%	143
2021 Q1	659 015 €	680 725 €	2 645 487 €42.0%	127
Kokku 2021:	3 229 333 €	3 038 755 €	9 926 351 €32.4%
2020 Q4	780 829 €	606 006 €	4 564 401 €533.5%	126
2020 Q3	151 003 €	365 920 €	720 553 €51.1%	118
2020 Q2	131 917 €	145 381 €	1 473 863 €100.3%	117
2020 Q1	433 143 €	513 238 €	735 669 €64.1%	133
Kokku 2020:	1 496 892 €	1 630 545 €	7 494 487 €93.7%
2019 Q4	467 394 €	497 671 €	2 046 701 €111.3%	128
2019 Q3	490 366 €	511 355 €	968 779 €90.2%	130
2019 Q2	414 779 €	425 455 €	509 257 €48.0%	126
2019 Q1	290 435 €	293 743 €	344 200 €26.3%	106
Kokku 2019:	1 662 974 €	1 728 224 €	3 868 937 €116.6%
2018 Q4	214 279 €	219 852 €	467 052 €233.7%	75
2018 Q3	183 930 €	186 064 €	139 976 €56.7%	67
2018 Q2	142 822 €	151 711 €	323 623 €62.2%	54
2018 Q1	129 182 €	133 851 €	855 720 €118.9%	45
Kokku 2018:	670 213 €	691 478 €	1 786 371 €57.6%
2017 Q4	111 044 €	116 258 €	390 856 €47.0%	46
2017 Q3	228 513 €	171 895 €	736 888 €25.1%	44
2017 Q2	216 043 €	137 347 €	983 490 €53.1%	60
2017 Q1	287 047 €	126 177 €	2 098 983 €104.5%	54
Kokku 2017:	842 647 €	551 677 €	4 210 217 €18.9%
2016 Q4	147 047 €	92 362 €	1 026 572 €5.0%	27
2016 Q3	161 091 €	97 254 €	1 080 943 €34.5%	27
2016 Q2	120 173 €	72 322 €	803 834 €27.6%	27
2016 Q1	141 257 €	56 664 €	629 804 €14.3%	27
Kokku 2016:	569 568 €	318 602 €	3 541 153 €142.7%
2015 Q4	90 900 €	57 530 €	550 945 €6.7%	15
2015 Q3	102 618 €	61 694 €	590 820 €120.4%	15
2015 Q2	26 512 €	27 994 €	268 092 €445.3%	15
2015 Q1	5 567 €	5 133 €	49 161 €	15
Kokku 2015:	225 597 €	152 351 €	1 459 018 €

Revenue by industry

	2023	2024	2025
Manufacture of motor vehicles	19 041 000 €	20 445 000 €	46 137 000 €

Tax debts

No tax debt found

No tax debt as of 21.07.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Devid Liik	37810XXXXXX	06.10.1978 (47)	Board member	25.01.2023	-
Mikk Mägi	38907XXXXXX	26.07.1989 (36)	Board member	25.01.2022	-
Kuldar Väärsi	37903XXXXXX	02.03.1979 (47)	Board member	25.06.2013	-

3 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
EDGE Group PJSC	-	-	Shareholder	20 415,00 EUR	54,12	Sole ownership	23.04.2024	-
Sinrob OÜ	-	04.01.2017 (9)	Shareholder	6 222,00 EUR	16,49	Sole ownership	16.08.2023	-
CACEIS BANK GERMANY BRANCH CLIENTS ACC.	-	-	Shareholder	9 400,00 EUR	24,92	Sole ownership	30.07.2021	-

22 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Kusti Salm	38404XXXXXX	17.04.1984 (42)	Chairman of the supervisory board	28.11.2024	-
Khaled Ahmed AlZaabi	-	03.12.1986 (39)	Supervisory-board member	27.09.2023	-
Kpmg Baltics Oü	-	-	Audit firm	17.04.2023	-
Juma Ali Sultan Ali Alkaabi	-	29.09.1970 (55)	Supervisory-board member	24.03.2023	-
Rodrigo Carneiro Da Cunha Torres	-	24.04.1976 (50)	Supervisory-board member	24.03.2023	-

20 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 7 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Kusti Salm	38404XXXXXX	17.04.1984 (42)	Member of higher governing body (board or supervisory board)	31.10.2024	-
Khaled Ahmed AlZaabi	-	03.12.1986 (39)	Member of higher governing body (board or supervisory board)	06.10.2023	-
Devid Liik	37810XXXXXX	06.10.1978 (47)	Member of higher governing body (board or supervisory board)	05.04.2023	-
Juma Ali Sultan Ali Alkaabi	-	29.09.1970 (55)	Member of higher governing body (board or supervisory board)	05.04.2023	-
Mathias Nöhl	-	06.07.1966 (60)	Member of higher governing body (board or supervisory board)	05.04.2023	-

6 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 8 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q2

Turnover

Amount

14 948 572 €

Monthly average

4 982 857 €

Per employee

17 423 €

Equity ratio

13 209,07%

Labour taxes

Turnover ratio

15,91%

Tax ratio

102,31%

Monthly average

792 881 €

Per employee

2 744 €

State taxes

Monthly average

774 983 €

Turnover ratio

15,55%

Estimated salary

Gross salary

4 861 €

Net salary

3 760 €

Aggregate data

	2025	2024	2023	2022	2021	2020	2019
Current assets	117 088 000 €281.0%	30 733 000 €58.5%	19 391 000 €38.9%	13 956 000 €13.5%	12 291 000 €245.0%	3 562 180 €37.2%	2 596 303 €
Non-current assets	30 734 000 €29.6%	23 713 000 €28.4%	18 474 000 €10.1%	16 786 000 €12.7%	14 891 000 €25.9%	11 830 873 €53.0%	7 731 705 €
Total assets	147 822 000 €171.5%	54 446 000 €43.8%	37 865 000 €23.2%	30 742 000 €13.1%	27 182 000 €76.6%	15 393 053 €49.0%	10 328 008 €
Short-term liabilities	106 453 000 €300.5%	26 582 000 €59.7%	16 643 000 €4.6%	17 445 000 €45.8%	11 961 000 €25.3%	9 546 066 €89.5%	5 036 386 €
Long-term liabilities	78 022 000 €89.1%	41 270 000 €96.5%	21 000 000 €151.8%	8 339 000 €148.8%	3 352 000 €4.2%	-	3 500 000 €
Total liabilities	184 475 000 €171.9%	67 852 000 €80.3%	37 643 000 €46.0%	25 784 000 €68.4%	15 313 000 €60.4%	9 546 066 €11.8%	8 536 386 €
Share or stock capital	38 000 €	38 000 €	38 000 €	38 000 €	38 000 €20.4%	31 573 €13.4%	27 848 €
Retained earnings	-13 325 000 €7 341.8%	184 000 €96.3%	4 920 000 €58.4%	11 831 000 €8.5%	12 928 000 €170.5%	4 779 023 €69.0%	2 827 230 €
Net profit	-23 366 000 €71.5%	-13 628 000 €187.8%	-4 736 000 €31.5%	-6 911 000 €530.0%	-1 097 000 €205.8%	1 036 391 €197.5%	-1 063 456 €
Equity	-36 653 000 €173.4%	-13 406 000 €6 138.7%	222 000 €95.5%	4 958 000 €58.2%	11 869 000 €103.0%	5 846 987 €226.4%	1 791 622 €
Turnover	47 054 000 €129.3%	20 521 000 €7.5%	19 085 000 €106.3%	9 250 000 €70.9%	5 413 000 €36.5%	8 518 871 €105.1%	4 154 195 €
Profit margin	-49.66%25.2%	-66.41%167.6%	-24.82%66.8%	-74.71%268.7%	-20.27%266.6%	12.17%147.5%	-25.60%

Financial ratios

	2025	2024	2023	2022	2021
Profit and cash flow
EBITDA	-MA NRI VTR	-H JMG PBY	-X CLV PAZ	-5 667 000	-74 000
Liquidity
Current ratio	A.H	T.U	M.W	0.8	1.0
Quick ratio	H.R	R.F	G.I	0.6	0.9
Cash ratio	N.O	A.X	X.C	0.0	0.1
Efficiency
Days sales outstanding (dso)	PXL.F	KY.S	JBV.P	202.5	383.4
Asset turnover	A.W	U.F	L.L	0.3	0.3
Structure
Debt ratio	Q.E	Y.V	T.H	0.8	0.6
Profitability
Operating margin	-HD.G%	-YK.W%	-JI.U%	-68.9%	-13.1%
Net profit margin	-SR.L%	-FV.X%	-SU.X%	-76.7%	-22.3%
Return on assets (roa)	-UU.T%	-ZN.Q%	-GR.U%	-24.7%	-5.7%
Return on equity (roe)	-	-	-	-153.4%	-10.3%

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Licences & notices

Type	Number	Field	Status	Start	End
License	SLM20/1024	Frequency licences > Joint frequency licence	Valid	09.03.2020	09.03.2023

1 - 1 / 1 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 10184538 / 43	30.09.2025	Entry - Amendment entry		Entered into force (30.09.2025)
K 10184538 / 42	04.08.2025	Entry - Commercial-pledge opening entry		Entered into force (04.08.2025)
Ä 10184538 / M15	13.07.2025	Fine-warning order – annual report not filed	12.08.2025	Deficiencies remedied (06.08.2025)
Ä 10184538 / 41	31.08.2023	Entry - Amendment entry		Entered into force (31.08.2023)
Ä 10184538 / 40	02.08.2023	Entry - Amendment entry		Entered into force (02.08.2023)

1 - 5 / 58 rows

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

Official announcements

Subject	Date
Notice of division of a company	18.09.2017
Notice of conclusion of a public limited company division agreement	03.08.2017
Notice of division of a company	03.08.2017
Notice of conclusion of a public limited company division agreement	27.06.2017
Notice of division of a company	06.05.2015

1 - 5 / 6 rows

Public transactions

Date	Party	Amount	Classification
25.05.2026	Kaitseliit	993.36 € Received	OTHER OPERATING EXPENSES Other defence
25.05.2026	Kaitseliit	4 139.00 € Received	OPERATING EXPENSES Other defence
21.05.2026	Kaitseliit	32.40 € Received	OTHER OPERATING EXPENSES Other defence
21.05.2026	Kaitseliit	135.00 € Received	OPERATING EXPENSES Other defence
27.04.2026	Kaitseliit	1 428.00 € Received	OTHER OPERATING EXPENSES Other defence

1 - 5 / 48 rows

.ee domains

Domain	Status	Registered	Expires	End
milremrobotics.ee	Active	05.06.2025	06.06.2028	-
multiscope.ee	Active	19.05.2016	20.05.2027	-
milrem.ee	Active	13.08.2013	14.08.2026	-

1 - 3 / 3 rows

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