Gamal Finance OÜ

Legal formLegal form:: Private limited company
Registry codeRegistry code:: 14334578
VAT no.VAT no.:: EE102013995
Fiscal-year periodFiscal-year period:: 01.01 - 31.12
EstablishedEstablished:: 19.09.2017 (9 y)
CapitalCapital:: 10 000 EUR
AddressAddress:: Iva tn 12, Mustamäe linnaosa, Tallinn, Harju maakond, 12618
StatusStatus:: Registered

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Contacts

PhonePhone:: +372 6600160
EmailEmail:: info@gamalfinance.eu

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Industries

WHOLESALE AND RETAIL TRADE
Wholesale trade
46901 – Non-specialised wholesale trade

VAT liability

VAT no.	Start	End
EE102013995	16.10.2017	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	27.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	27.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	26.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	25.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	04.05.2020	Valid	PDF
2018	19.09.2017 – 31.12.2018	28.06.2019	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 03.10.2026.

Delayed declarations

Intra-Community supply report	20.02.2026	04.03.2026	12 d overdue
Intra-Community supply report	22.09.2025	08.10.2025	16 d overdue
VAT return	22.09.2025	24.09.2025	2 d overdue

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses–Regulations12 Public transactions–Grants–State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	7 174 €	6 678 €	62 898 €+50,7%	2
2026 Q1	11 303 €	11 798 €	41 734 €−85,0%	2
Total 2026:	18 477 €	18 476 €	104 632 €
2025 Q4	10 239 €	10 519 €	277 808 €+202%	3
2025 Q3	12 112 €	12 637 €	92 102 €+160%	3
2025 Q2	13 255 €	13 849 €	35 414 €−68,0%	3
2025 Q1	12 527 €	13 071 €	110 778 €−90,5%	3
Total 2025:	48 133 €	50 076 €	516 102 €
2024 Q4	11 393 €	11 381 €	1,17 M €+27,6%	3
2024 Q3	9 753 €	10 175 €	917 181 €+567%	2
2024 Q2	9 933 €	9 579 €	137 430 €+69,9%	2
2024 Q1	12 857 €	10 592 €	80 884 €−87,3%	2
Total 2024:	43 936 €	41 727 €	2,31 M €
2023 Q4	9 357 €	9 019 €	639 211 €+287%	2
2023 Q3	7 716 €	8 071 €	165 123 €+3,8%	2
2023 Q2	7 482 €	7 835 €	159 081 €−69,0%	2
2023 Q1	7 998 €	8 031 €	512 799 €+101%	2
Total 2023:	32 553 €	32 956 €	1,48 M €
2022 Q4	7 696 €	8 044 €	254 654 €+255%	2
2022 Q3	8 402 €	8 785 €	71 791 €−72,8%	2
2022 Q2	9 416 €	9 832 €	264 367 €−77,9%	2
2022 Q1	9 043 €	9 266 €	1,19 M €+268%	3
Total 2022:	34 557 €	35 927 €	1,78 M €
2021 Q4	10 262,62 €	9 209,22 €	324 631,32 €−42,7%	3
2021 Q3	10 670,26 €	8 973,55 €	567 036,06 €+189%	3
2021 Q2	8 171,23 €	8 786,88 €	196 355,53 €−35,8%	3
2021 Q1	8 069,73 €	8 686,88 €	305 731,06 €+205%	3
Total 2021:	37 173,84 €	35 656,53 €	1,39 M €
2020 Q4	9 869,48 €	8 486,88 €	100 218,44 €−38,7%	3
2020 Q3	5 735,29 €	6 188,04 €	163 511,82 €+2,4%	3
2020 Q2	1 642,08 €	9 125,48 €	159 750,19 €−30,9%	4
2020 Q1	5 098,03 €	5 526,30 €	231 272,31 €	1
Total 2020:	22 344,88 €	29 326,70 €	654 752,76 €

Revenue by industry

	2023	2024	2025
Non-specialised wholesale trade	4 033 124 €	4 076 838 €	2 648 411 €

Tax debts

No tax debt found

No tax debt as of 14.07.2026

Representatives

	Personal ID code
Artjom Martõnenko	39405XXXXXX	31.05.1994 (32)	Board member	22.03.2018	-

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Shareholders

	Personal ID code
Artjom Martõnenko	39405XXXXXX	31.05.1994 (32)	Shareholder	10 000 EUR	100,00%	Sole ownership	01.09.2023	-

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Other persons

	Personal ID code
Pavlo Pisnoi	-	12.07.1975 (51)	Founder	15.09.2017	-

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Ultimate beneficial owners

	Personal ID code
Artjom Martõnenko	39405XXXXXX	31.05.1994 (32)	Direct holding	19.07.2019	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q2

Turnover

Amount: 62 898 €
Monthly average: 20 966 €
Per employee: 10 483 €
Equity ratio: 209,66%

Labour taxes

Turnover ratio: 10,62%
Tax ratio: 93,09%
Monthly average: 2 226 €
Per employee: 1 113 €

State taxes

Monthly average: 2 391 €
Turnover ratio: 11,41%

Estimated salary

Gross salary: 2 090 €
Net salary: 1 726 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	673 590 €−6,9%	723 321 €+1,7%	711 083 €−7,4%	767 680 €+14,1%	672 700 €+13,5%	592 613 €−6,4%	632 928 €
Non-current assets	22 644 €−3,4%	23 431 €−18,8%	28 842 €+78,9%	16 118 €+12,5%	14 328 €+13,3%	12 649 €+130%	5 508 €
Total assets	696 234 €−6,8%	746 752 €+0,9%	739 925 €−5,6%	783 798 €+14,1%	687 028 €+13,5%	605 262 €−5,2%	638 436 €
Short-term liabilities	244 877 €+20,1%	203 875 €−7,5%	220 472 €−21,0%	279 050 €−7,3%	301 021 €−16,4%	360 194 €−30,7%	519 694 €
Long-term liabilities	3 120 €	3 120 €	3 120 €	3 120 €	3 120 €	3 120 €−87,6%	25 200 €
Total liabilities	247 997 €+19,8%	206 995 €−7,4%	223 592 €−20,8%	282 170 €−7,2%	304 141 €−16,3%	363 314 €−33,3%	544 894 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	529 757 €+9,8%	482 333 €+3,4%	466 628 €+25,1%	372 887 €+60,8%	231 948 €+280%	61 042 €+320%	14 548 €
Net profit	-91 520 €−293%	47 424 €+19,4%	39 705 €−66,6%	118 741 €−15,8%	140 939 €−17,5%	170 906 €+123%	76 494 €
Equity	448 237 €−17,0%	539 757 €+4,5%	516 333 €+2,9%	501 628 €+31,0%	382 887 €+58,3%	241 948 €+159%	93 542 €
Turnover	2 756 658 €−32,4%	4 076 838 €+1,1%	4 033 124 €−12,6%	4 614 027 €+10,2%	4 186 121 €+0,4%	4 171 030 €+44,2%	2 892 737 €
Profit margin	-3,3%	1,2%	1,0%	2,6%	3,4%	4,1%	2,6%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	135 268 €	141 021 €
Liquidity
Current ratio	2,8	2,2
Quick ratio	2,7	2,2
Cash ratio	1,0	1,1
Efficiency
Days sales outstanding (dso)	32,0	27,4
Asset turnover	6,3	6,5
Structure
Debt ratio	0,4	0,4
Profitability
Operating margin	2,9%	3,4%
Net profit margin	2,6%	3,4%
Return on assets (roa)	16,1%	21,8%
Return on equity (roe)	23,7%	36,8%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50065537 / 11	01.09.2023	Entry – Amendment entry	-	Entered into force01.09.2023
Ä 50065537 / 10	21.10.2020	Entry – Amendment entry	-	Entered into force21.10.2020
Ä 50065537 / M1	09.10.2020	Order to remedy deficiencies – Amendment entry	24.10.2020	Deficiencies remedied19.10.2020
Ä 50065537 / 9	02.06.2020	Entry – Amendment entry	-	Entered into force02.06.2020
Ä 50065537 / 8	01.03.2019	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force01.03.2019

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

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

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.