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Baltic Systems OÜ

Legal form:

Private limited company

Registry code:

12784886

VAT no.:

EE101816708

Fiscal-year period:

01.01 - 31.12

Established:

19.01.2015 (11)

Former business names:

Baltic Systems UÜ

Capital:

2 500 EUR

Address:

Turu tn 47/3, Tartu linn, Tartu linn, Tartu maakond, 50106

Status:

Registered

Contacts

Email:

tanel.muts@gmail.com

Industries

CONSTRUCTION
Specialised construction activities
Electrical installation and plumbing and other construction installation works
Plumbing, heating and air-conditioning installation
43221 - Installation, repair and maintenance of heating, ventilation and air-conditioning equipment

VAT liability

	Start	End
EE101816708	15.09.2015

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	17.05.2026	Valid
2024	01.01.2024 - 31.12.2024	27.05.2025	Valid
2023	01.01.2023 - 31.12.2023	31.05.2024	Valid
2022	01.01.2022 - 31.12.2022	26.06.2023	Valid
2021	01.01.2021 - 31.12.2021	30.06.2022	Valid
2020	01.01.2020 - 31.12.2020	16.06.2021	Valid
2019	01.01.2019 - 31.12.2019	14.09.2020	Valid
2018	01.01.2018 - 31.12.2018	27.06.2019	Valid
2017	01.01.2017 - 31.12.2017	26.06.2018	Valid
2016	01.01.2016 - 31.12.2016	08.06.2017	Valid
2015	19.01.2015 - 31.12.2015	27.06.2016	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 04.06.2026.

???

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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TTJA decisions

Real estate

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Licenses

Regulations

216

Public transactions

Holdings in companies

✓

Enforcement proceedings

✓

Payment orders

Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	12 072 €	6 752 €	119 928 €8.0%	3
Kokku 2026:	12 072 €	6 752 €	119 928 €
2025 Q4	12 544 €	7 049 €	130 347 €25.7%	3
2025 Q3	9 856 €	7 049 €	103 735 €11.6%	3
2025 Q2	16 511 €	7 198 €	117 394 €3.4%	3
2025 Q1	10 131 €	6 762 €	121 501 €7.6%	3
Kokku 2025:	49 042 €	28 058 €	472 977 €13.7%
2024 Q4	12 133 €	6 638 €	131 516 €20.1%	3
2024 Q3	10 457 €	6 638 €	109 501 €23.5%	3
2024 Q2	9 999 €	5 091 €	143 109 €12.9%	3
2024 Q1	16 741 €	3 941 €	164 226 €25.1%	2
Kokku 2024:	49 330 €	22 308 €	548 352 €10.3%
2023 Q4	5 958 €	3 753 €	131 325 €43.3%	2
2023 Q3	7 319 €	3 753 €	91 612 €34.4%	2
2023 Q2	12 010 €	3 753 €	139 681 €3.7%	2
2023 Q1	6 633 €	3 342 €	134 725 €15.8%	2
Kokku 2023:	31 920 €	14 602 €	497 344 €2.9%
2022 Q4	9 784 €	3 225 €	159 981 €29.2%	2
2022 Q3	7 493 €	3 225 €	123 805 €0.0%	2
2022 Q2	11 690 €	3 225 €	123 839 €63.2%	2
2022 Q1	5 938 €	3 121 €	75 898 €29.2%	2
Kokku 2022:	34 905 €	12 795 €	483 522 €23.7%
2021 Q4	5 821 €	2 914 €	107 237 €32.2%	2
2021 Q3	5 951 €	3 016 €	81 099 €32.1%	2
2021 Q2	7 990 €	3 016 €	119 514 €44.1%	2
2021 Q1	4 554 €	3 016 €	82 964 €5.8%	2
Kokku 2021:	24 316 €	11 962 €	390 813 €22.2%
2020 Q4	8 951 €	2 913 €	78 402 €33.6%	2
2020 Q3	5 225 €	2 854 €	118 119 €44.0%	2
2020 Q2	4 502 €	2 797 €	82 030 €99.2%	2
2020 Q1	4 675 €	2 648 €	41 174 €2.4%	2
Kokku 2020:	23 353 €	11 212 €	319 725 €146.3%
2019 Q4	4 302 €	2 487 €	40 218 €29.0%	2
2019 Q3	3 779 €	2 487 €	31 188 €15.5%	2
2019 Q2	4 702 €	2 487 €	36 913 €71.6%	2
2019 Q1	4 028 €	2 487 €	21 511 €39.7%	2
Kokku 2019:	16 811 €	9 948 €	129 830 €11.5%
2018 Q4	3 135 €	2 009 €	35 658 €10.1%	2
2018 Q3	4 331 €	1 914 €	32 390 €30.4%	2
2018 Q2	4 487 €	1 937 €	24 831 €5.3%	2
2018 Q1	3 184 €	1 702 €	23 574 €55.0%	2
Kokku 2018:	15 137 €	7 562 €	116 453 €17.0%
2017 Q4	3 730 €	2 214 €	52 369 €14.3%	2
2017 Q3	4 262 €	1 803 €	45 826 €84.1%	2
2017 Q2	3 305 €	1 700 €	24 889 €44.7%	3
2017 Q1	2 113 €	1 976 €	17 204 €13.6%	2
Kokku 2017:	13 410 €	7 693 €	140 288 €76.0%
2016 Q4	3 039 €	1 865 €	19 915 €0.0%	2
2016 Q3	3 293 €	1 865 €	19 915 €0.0%	2
2016 Q2	2 903 €	1 865 €	19 915 €0.3%	2
2016 Q1	2 671 €	1 871 €	19 984 €182.6%	2
Kokku 2016:	11 906 €	7 466 €	79 729 €383.2%
2015 Q4	2 351 €	1 884 €	7 071 €0.0%	2
2015 Q3	1 724 €	1 884 €	7 071 €200.0%	2
2015 Q2	575 €	628 €	2 357 €	2
Kokku 2015:	4 650 €	4 396 €	16 499 €

Revenue by industry

	2022	2023	2024
Installation, repair and maintenance of heating, ventilation and air-conditioning equipment			526 243 €
Installation of electrical wiring and equipment	441 116 €	497 601 €

Tax debts

No tax debt found

No tax debt as of 04.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Tanel Muts	37611XXXXXX	04.11.1976 (49)	Board member	06.04.2015	-

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

1 - 1 / 1 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
Tanel Muts	37611XXXXXX	04.11.1976 (49)	Shareholder	2 500,00 EUR	100	Sole ownership	01.09.2023	-

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

1 - 1 / 1 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Tanel Muts	37611XXXXXX	04.11.1976 (49)	Direct holding	01.11.2018	-

1 - 1 / 1 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q1

Turnover

Amount

119 928 €

Monthly average

39 976 €

Per employee

13 325 €

Equity ratio

1 599,04%

Labour taxes

Turnover ratio

5,63%

Tax ratio

55,93%

Monthly average

2 251 €

Per employee

750 €

State taxes

Monthly average

4 024 €

Turnover ratio

10,07%

Estimated salary

Gross salary

1 505 €

Net salary

1 264 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	84 274 €7.6%	78 349 €63.4%	47 959 €28.6%	67 140 €40.5%	47 787 €25.6%	38 039 €
Non-current assets	74 606 €13.9%	86 677 €31.4%	126 404 €79.7%	70 350 €14.9%	61 251 €355.6%	13 443 €
Total assets	158 880 €3.7%	165 026 €5.4%	174 363 €26.8%	137 490 €26.1%	109 038 €111.8%	51 482 €
Short-term liabilities	62 853 €32.5%	47 422 €215.6%	15 026 €70.9%	51 584 €114.1%	24 089 €117.5%	11 077 €
Long-term liabilities	-	-	-	-	17 142 €	-
Total liabilities	62 853 €32.5%	47 422 €215.6%	15 026 €70.9%	51 584 €25.1%	41 231 €272.2%	11 077 €
Share or stock capital	2 500 €	2 500 €	2 500 €	2 500 €	2 500 €	2 500 €
Retained earnings	115 104 €4.7%	120 776 €44.8%	83 406 €27.7%	65 307 €72.3%	37 905 €3.9%	36 476 €
Net profit	-21 577 €280.4%	-5 672 €107.7%	73 431 €305.7%	18 099 €34.0%	27 402 €1 817.6%	1 429 €
Equity	96 027 €18.3%	117 604 €26.2%	159 337 €85.5%	85 906 €26.7%	67 807 €67.8%	40 405 €
Turnover	526 243 €5.8%	497 601 €12.8%	441 116 €14.2%	386 173 €13.8%	339 197 €160.0%	130 456 €
Profit margin	-4.10%259.7%	-1.14%106.8%	16.65%255.2%	4.69%42.0%	8.08%637.5%	1.10%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-V QSF	PF RXJ	KO DMP	28 903	32 044
Liquidity
Current ratio	D.R	F.U	Q.V	1.3	2.0
Quick ratio	E.Z	M.Z	C.W	1.3	2.0
Cash ratio	L.I	R.F	Q.S	0.4	0.6
Efficiency
Days sales outstanding (dso)	JF.N	IG.Q	GI.F	38.1	33.9
Asset turnover	J.U	H.T	D.P	3.1	4.2
Structure
Debt ratio	L.R	P.A	M.H	0.4	0.4
Profitability
Operating margin	-G.P%	-O.X%	DK.F%	4.8%	8.1%
Net profit margin	-F.G%	-W.I%	DT.O%	4.7%	8.1%
Return on assets (roa)	-BN.L%	-Z.S%	PI.K%	14.7%	34.1%
Return on equity (roe)	-WD.Z%	-F.K%	AV.E%	21.1%	40.4%

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Licences & notices

Type	Number	Field	Status	Start	End
Notice of economic activity	TTV000040	- > Design, installation and maintenance of alarm systems	Valid	10.02.2025	-
Notice of economic activity	FEH000845	- > Construction and maintenance	Valid	06.05.2024	-
Notice of economic activity	TEL002917	- > Electrical works	Valid	09.02.2017	-

1 - 3 / 3 rows

Regulations

Regulation no.	Date	Type	Status
Ä 50000834 / 8	20.05.2026	Entry - Amendment entry	Entered into force (20.05.2026)
Ä 50000834 / 7	01.09.2023	Entry - Amendment entry	Entered into force (01.09.2023)
Ä 50000834 / 6	19.01.2018	Entry - Amendment entry	Entered into force (19.01.2018)
Ä 50000834 / 5	09.12.2017	Entry - Amendment entry	Entered into force (09.12.2017)
Ä 50000834 / 4	19.05.2017	Entry - Amendment entry	Entered into force (19.05.2017)

1 - 5 / 10 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

No official announcements found

Company has no issued official announcements

Public transactions

Date	Party	Amount	Classification
30.04.2026	Tartu Ülikool	151.28 € Received	OPERATING EXPENSES Tertiary education
29.04.2026	Tartu Ülikool	314.96 € Received	OPERATING EXPENSES Tertiary education
01.04.2026	Tartu Ülikool	723.42 € Received	OPERATING EXPENSES Tertiary education
31.03.2026	Tartu Ülikool	111.60 € Received	OPERATING EXPENSES Tertiary education
06.03.2026	Tartu Ülikool	111.60 € Received	OPERATING EXPENSES Tertiary education

1 - 5 / 216 rows

.ee domains

Domain	Status	Registered	Expires	End
balticsystems.ee	Active	25.09.2019	26.09.2028	-

1 - 1 / 1 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