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AS BaltCap

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RegisteredHarju County
Registry code
11419647
VAT number
EE101260752
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Maakri tn 30, 10145
Registered
05.09.2007 · 19 yrs
Activity
Fund management activities 66301
Capital
67 062 €
Email
i•••@b•••.comLog in to see
Phone
+372 •• ••••Log in to see
Website
https://www.baltcap.com/
Business Register 05.10.2026
Sales revenue3,9 m €+65%2025 annual report
Profit684 k €2025 annual report
Employees4Tax Board 2026 Q2
Average gross salary15 229 €estimate, Tax Board 2026 Q2
Labour taxes per quarter93 200 €Tax Board 2026 Q2
Cash1,6 m €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 05.10.2026
Revenue 12 months607 k €-1%Tax Board, last 4 quarters
State taxes 12 months550 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 118 tuh €
216 k100 k144 k150 k204 k139 k146 k118 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
AA
Very good, low risk
82 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 05.10.2026 · open data
Quick check
  • No tax debt
  • No enforcement proceedings (12 months)
  • No payment orders (12 months)
  • No bankruptcy or liquidation
  • No sanctions
  • Report filed (2025)
  • VAT registered
Stability
RatingAAA → A → AA
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 1% vs a year earlier
Notification when something changes
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Data

Board and owners

3 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 2
Martin Kõdar6 companiesno tax debtPersonal ID ↗05.09.2007
Peeter Saks7 companiesno tax debtPersonal ID ↗05.09.2007
Other persons 1
Nasdaq CSD SE1983 companies155 with tax debt40 bankruptShare register keeperPersonal ID ↗28.09.2017
Beneficial owners 5
Dagnis Dreimanismember of the senior management body, i.e. management or supervisory board member17.03.2026
Martin Kõdar6 companiesno tax debtmember of the senior management body, i.e. management or supervisory board member22.10.2018
Peeter Saks7 companiesno tax debtmember of the senior management body, i.e. management or supervisory board member22.10.2018
Sandijs Abolins-Abolsmember of the senior management body, i.e. management or supervisory board member17.03.2026
Šarūnas Aleknamember of the senior management body, i.e. management or supervisory board member17.03.2026

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue84,7%
Labour taxes / revenue78,8%
Revenue per employee per month9 862 €
Gross salary (estimate)15 229 €
Net salary (estimate)11 605 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q2118 339 €▼ 21%93 200 €100 262 €4
2026 Q1146 185 €▲ 1%132 753 €142 698 €5
2025 Q4139 091 €▲ 39%98 309 €178 679 €5
2025 Q3203 684 €▼ 6%109 833 €127 890 €5
2025 Q2150 200 €▼ 37%120 134 €120 251 €7
2025 Q1144 195 €▼ 86%124 703 €122 547 €8
2024 Q499 735 €▼ 86%146 894 €144 215 €8
2024 Q3216 282 €▼ 72%165 807 €157 624 €11
2024 Q2237 970 €▼ 31%109 838 €152 188 €10
2024 Q11 022 353 €▲ 61%122 629 €271 040 €10
2023 Q4716 123 €▲ 47%84 340 €119 104 €10
2023 Q3770 394 €▲ 55%106 809 €196 388 €8
Show full history (18 quarters)
2023 Q2342 449 €▲ 97%116 531 €112 561 €9
2023 Q1635 582 €▲ 8%101 975 €113 855 €10
2022 Q4487 895 €98 662 €105 371 €10
2022 Q3498 385 €112 439 €141 510 €9
2022 Q2174 114 €141 623 €145 023 €9
2022 Q1589 678 €96 861 €115 679 €10

Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0

Annual reports

5 yr
Build report

20252024202320222021
Sales revenue3,9 m €▲ 65%2,4 m €▼ 17%2,9 m €▲ 45%2,0 m €▼ 52%4,1 m €
Profit684 k €▲ into profit-4,6 m €▼ into loss1,9 m €▲ 124%869 k €▼ 79%4,2 m €
Profit margin17,5%-194,5%67,9%43,9%102,6%
Retained earnings3,0 m €▼ 61%7,6 m €▲ 34%5,7 m €▼ 1%5,7 m €▲ 105%2,8 m €
Cash1,6 m €▲ 54%1,0 m €▲ 94%525 k €▼ 77%2,3 m €▼ 23%3,0 m €
Current assets2,4 m €▲ 83%1,3 m €▼ 47%2,5 m €▼ 6%2,7 m €▼ 35%4,1 m €
Fixed assets9,2 m €▼ 3%9,5 m €▲ 4%9,1 m €▲ 47%6,2 m €▲ 24%5,0 m €
Assets11,7 m €▲ 8%10,9 m €▼ 7%11,6 m €▲ 31%8,9 m €▼ 3%9,1 m €
Current liabilities680 k €▼ 24%890 k €▼ 37%1,4 m €▲ 951%134 k €▼ 29%188 k €
Long-term liabilities6,5 m €▲ 7%6,0 m €▲ 306%1,5 m €▲ 159%571 k €▲ 51%377 k €
Total liabilities7,1 m €▲ 3%6,9 m €▲ 139%2,9 m €▲ 310%704 k €▲ 25%565 k €
Equity4,5 m €▲ 15%4,0 m €▼ 55%8,8 m €▲ 7%8,2 m €▼ 5%8,6 m €
Labour costs-1,1 m €▲ 4%-1,2 m €▼ 16%-1,0 m €▼ 9%-935 k €▼ 1%-924 k €
Employees23▼ 21%29▼ 12%33▲ 27%26▲ 4%25
Filed30.06.202630.06.202530.06.202423.05.202320.06.2022
ReportPDF ↓PDF ↓PDF ↓PDF ↓PDF ↓

▲ growth, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0

Revenue by activity

2025
ActivityEMTAKSales revenueOsa
Fund management activities main activity663013 919 076 €100%

2025 annual report, RIK open data

Real estate

e-kinnistusraamat

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Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data

Debts and court cases

clean
No tax debt · Tax Board 05.10.2026

Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.

Enforcement, payment orders and notices

clean

Official Announcements contain no enforcement, payment order or tax authority notices about the company.

Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.

State: transactions, tenders, grants

1 toetust

Toetuse saanud projektid

ProjektMeedePerioodToetusVälja makstud
BaltCap Private Equity Fund II
Lõpetatud · Ettevõtluse ja Innovatsiooni Sihtasutus		Ekspordi arendamise toetus20.06.2012 – 19.06.2014272 749 €

Riigi Tugiteenuste Keskus, toetatud projektid

Holdings in other companies

5
CompanyCodeHoldingSinceRevenue
CaPS Baltic OÜ1600709136,04%16.08.202345 180 €
OÜ Baltcap Growth Fund Management14229344100,0%02.09.20230 €
OÜ Baltcap Infrastructure Management14249039100,0%07.09.20230 €
OÜ BaltCap Infrastructure Management II16761221100,0%02.09.20230 €
OÜ BaltCap Private Equity Management III14749368100,0%23.12.20250 €

Business Register

Companies linked via the board

60
AS AlexelaNasdaq CSD SE555,0 m €BBEricsson Eesti AktsiaseltsNasdaq CSD SE416,6 m €AAAS SEB PankNasdaq CSD SE405,8 m €AAAktsiaselts METAPRINTNasdaq CSD SE85,8 m €AAAAS HANZA Mechanics TartuNasdaq CSD SE81,5 m €AAAERGO Insurance SENasdaq CSD SE80,6 m €AAAElke Tallinn ASNasdaq CSD SE62,0 m €AAAaktsiaselts ESTIKO - PLASTARNasdaq CSD SE48,2 m €AAAStockmann AktsiaseltsNasdaq CSD SE42,3 m €AAaktsiaselts PINUSNasdaq CSD SE29,6 m €AAAAktsiaselts BalbiinoNasdaq CSD SE29,5 m €AAAAktsiaselts Magnum VeterinaariaNasdaq CSD SE28,6 m €BBAktsiaselts KROONINGNasdaq CSD SE27,1 m €BInterchemie Werken De Adelaar Eesti aktsiaseltsNasdaq CSD SE25,5 m €BBBSchneider Electric Eesti ASNasdaq CSD SE24,9 m €BAktsiaselts TopautoNasdaq CSD SE21,6 m €AAAktsiaselts Lincona KonsultNasdaq CSD SE19,2 m €AAAAS All Media EestiNasdaq CSD SE17,2 m €AAAktsiaselts PAFERNasdaq CSD SE15,1 m €AAABaltyre Eesti ASNasdaq CSD SE14,8 m €AAAaktsiaselts PristisNasdaq CSD SE13,5 m €AAAAktsiaselts Viru ElektrikaubandusNasdaq CSD SE10,6 m €AAAktsiaselts STANDARDNasdaq CSD SE10,6 m €AAS Eesti LeivatööstusNasdaq CSD SE10,3 m €Aaktsiaselts LTTNasdaq CSD SE10,2 m €AAAMotoral Eesti AktsiaseltsNasdaq CSD SE8,6 m €AAktsiaselts Silmani ElekterNasdaq CSD SE8,0 m €Aaktsiaselts HALS TRADING - TNasdaq CSD SE6,8 m €Aaktsiaselts "Rauameister"Nasdaq CSD SE6,8 m €AAAktsiaselts "Erimell"Nasdaq CSD SE6,4 m €AAAAktsiaselts Taastusravikeskus ViikingNasdaq CSD SE5,8 m €AAAAktsiaselts Loo ElekterNasdaq CSD SE5,5 m €AAAaktsiaselts IKODORNasdaq CSD SE4,9 m €AAAktsiaselts ANTAARESNasdaq CSD SE4,7 m €AACaverion Eesti ASNasdaq CSD SE4,6 m €AAktsiaselts Kiviõli KaubahoovNasdaq CSD SE4,4 m €AAAktsiaselts Metsaküla PiimNasdaq CSD SE3,9 m €AAAaktsiaselts VÕRU VESINasdaq CSD SE3,4 m €AAAaktsiaselts TAUF-AUTONasdaq CSD SE2,9 m €AAAaktsiaselts CISTANasdaq CSD SE2,6 m €AAAPRIMULATOR EESTI AktsiaseltsNasdaq CSD SE2,2 m €AAARTT AktsiaseltsNasdaq CSD SE2,1 m €AAAAS Remedium Kalamaja ApteekNasdaq CSD SE1,7 m €AAaktsiaselts ESTIKONasdaq CSD SE1,6 m €AAAAktsiaselts Ekspress GruppNasdaq CSD SE1,4 m €AALEKON PROPERTY ASNasdaq CSD SE1,2 m €AAAAktsiaselts FotoluksNasdaq CSD SE1,1 m €BBBAktsiaselts LAVEXNasdaq CSD SE692 k €CAktsiaselts Peipsi KalameesNasdaq CSD SE498 k €AAAktsiaselts MihkliNasdaq CSD SE475 k €AAAS Tolaram InvestmentsNasdaq CSD SE380 k €AAAktsiaselts Projekt ENasdaq CSD SE198 k €AAAktsiaselts YearNasdaq CSD SE132 k €CRaisio Eesti AktsiaseltsNasdaq CSD SE120 k €ADeden-Invest AktsiaseltsNasdaq CSD SE51 638 €AKatus ASNasdaq CSD SE13 588 €Aaktsiaselts FaabulaNasdaq CSD SE0 €BBBAktsiaselts TalveaedNasdaq CSD SE · Likvideerimisel0 €CAktsiaselts SpratfilNasdaq CSD SE · Bankrupt0 €CAktsiaselts RoolidNasdaq CSD SE0 €

Sorted by revenue (latest report or 4 quarters).

Top 20 in activity: Fund management activities

20
#CompanyRevenue
1Swedbank Investeerimisfondid Aktsiaselts15,2 m €
2Aktsiaselts LHV Varahaldus11,2 m €
3EfTEN Capital AS7,3 m €
4Aktsiaselts Trigon Asset Management6,8 m €
5AKTSIASELTS SEB VARAHALDUS6,4 m €
6AS BaltCap3,9 m €
7AS SmartCap3,6 m €
8Osaühing QFM2,9 m €
9Tuleva Fondid AS2,7 m €
10AS Plural Estonia2,1 m €
11AS Avaron Asset Management2,1 m €
12Usaldusfond EfTEN Real Estate Fund 42,1 m €
13OÜ Trind Ventures1,5 m €
14Superangel OÜ1,2 m €
15Siena Venture Partners OÜ1,1 m €
16AS Birdeye Capital1,1 m €
17Baltic Horizon Capital AS1,1 m €
18EfTEN Kinnisvarafond II AS1,1 m €
19Specialist Fund Management OÜ1,1 m €
20BPM Mezzanine Fund II Management OÜ941 k €

Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity

Licences, domains

2 records

Activity licences (MTR and environmental)

FieldLicence numberValid from
Finantseerimisasutusena tegutsemineFFA00049411.11.2025

Domains

DomainSource
baltcap.comBusiness Register

History and notices

37
DateTypeContent
15.07.2026EntryAmendment entry
07.01.2026EntryAmendment entry
30.12.2025EntryAmendment entry
19.12.2025Order to remedy deficienciesAmendment entry
15.12.2025Order to remedy deficienciesAmendment entry
16.12.2024EntryAmendment entry
06.08.2024EntryAmendment entry
10.12.2021EntryAmendment entry
02.11.2021EntryMuutmiskanne ÄS § 525 lg 2 alusel
28.07.2021Order to remedy deficiencies to correct non-entry data
20.07.2021Administrative order
30.06.2019EntryAmendment entry
20.05.2019EntryAmendment entry
14.05.2019EntryAmendment entry
21.01.2019EntryAmendment entry
08.01.2019Order to remedy deficienciesAmendment entry
17.01.2018EntryAmendment entry
30.11.2017EntryAmendment entry
28.09.2017EntryAmendment entry
13.01.2017EntryAmendment entry
10.01.2017Order to remedy deficienciesAmendment entry
07.11.2016EntryAmendment entry
31.08.2016EntryAmendment entry
26.01.2015EntryAmendment entry
11.07.2014EntryAmendment entry
07.07.2014Order to remedy deficienciesAmendment entry
28.05.2013EntryAmendment entry
27.05.2013Order to remedy deficienciesAmendment entry
28.03.2012EntryAmendment entry
13.04.2011EntryAmendment entry
01.04.2011Order to remedy deficienciesAmendment entry
02.09.2010EntryÜmberkujundamiskanne uut registrikaarti avamata
30.08.2010Märge osade või aktsiate registreerituse kohta EVK-sMärkus
27.10.2008EntryAmendment entry
23.10.2008EntrySecond, constitutive merger entry (on the acquiring company's register card)
23.10.2008EntryAmendment entry
05.09.2007EntryFirst entry