ETENRU
RegisteredHarju County
Registry code
12127485
VAT number
EE101460057
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Hobujaama tn 5, 10151
Registered
30.06.2011 · 15 yrs
Activity
Rental and operating of own or leased real estate 68201
Capital
2 500 €
Email
u•••@b•••.comLog in to see
Website
https://www.baltichorizon.com
LEI
5299004L0A997UZUXU23 ISSUED
Business Register 06.10.2026
Sales revenue1,4 m €+9%2025 annual report
Profit-938 k €2025 annual report
Labour taxes per quarter0 €Tax Board 2026 Q2
Cash47 011 €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 06.10.2026
Revenue 12 months1,5 m €-29%Tax Board, last 4 quarters
State taxes 12 months213 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 278 tuh €
420 k745 k472 k416 k397 k421 k354 k278 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
A
Good, low risk
77 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 06.10.2026 · 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
RatingA → BBB → A
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 29% vs a year earlier
Email right away on tax debt, bankruptcy or board change
Add the rating badge to your website

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Data

Board and owners

4 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 3
Edvinas Karbauskas4 companiesno tax debt13.01.1995 (31 a)Personal ID ↗05.05.2026
Gerda Bliuvienė5 companiesno tax debtPersonal ID ↗24.04.2026
Ülari Niinemägi8 companiesno tax debtPersonal ID ↗24.11.2025
Other persons 1
Nasdaq CSD SEOsade registripidajaOsad on Eesti väärtpaberite registris (Nasdaq CSD). See ei tähenda börsil noteerimist.28.09.2017
Shareholders 1
Omanikukonto: BALTIC HORIZON FUND100,0% 2 500 €17.07.2026
Beneficial owners 2
Edvinas Karbauskas4 companiesno tax debtmember of the senior management body, i.e. management or supervisory board member13.05.2026
Gerda Bliuvienėmember of the senior management body, i.e. management or supervisory board member06.01.2026

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue13,3%
Labour taxes / revenue0,0%
Revenue per employee per month—
Gross salary (estimate)—
Net salary (estimate)—

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q2278 423 €▼ 33%0 €36 909 €—
2026 Q1354 359 €▼ 25%0 €38 880 €—
2025 Q4420 973 €▼ 44%0 €69 743 €—
2025 Q3396 784 €▼ 5%0 €67 271 €—
2025 Q2416 467 €▲ 7%0 €61 335 €—
2025 Q1472 109 €▲ 13%0 €68 690 €—
2024 Q4745 161 €▲ 85%0 €48 007 €—
2024 Q3419 834 €▲ 2%0 €49 941 €—
2024 Q2390 664 €▼ 11%0 €57 152 €—
2024 Q1416 912 €▼ 20%0 €40 425 €—
2023 Q4403 186 €▼ 32%0 €56 524 €—
2023 Q3412 424 €▼ 23%0 €52 871 €—
Show full history (18 quarters)
2023 Q2436 774 €▼ 5%0 €55 077 €—
2023 Q1520 601 €▲ 15%0 €48 084 €—
2022 Q4592 204 €0 €54 270 €—
2022 Q3538 582 €0 €50 936 €—
2022 Q2461 638 €0 €54 150 €—
2022 Q1454 106 €0 €52 448 €—

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 revenue1,4 m €▲ 9%1,3 m €▼ 2%1,3 m €▼ 2%1,3 m €▲ 1%1,3 m €
Profit-938 k €▼ 52%-617 k €▼ 295%-156 k €▲ 87%-1,2 m €▼ into loss1,7 m €
Profit margin-67,8%-48,6%-12,1%-89,5%128,6%
Retained earnings6,4 m €▼ 9%7,1 m €▼ 2%7,2 m €▼ 14%8,4 m €▲ 25%6,7 m €
Cash47 011 €▼ 71%163 k €▼ 12%186 k €▲ 98%94 032 €▼ 41%160 k €
Current assets139 k €▼ 54%302 k €▼ 24%398 k €▲ 84%216 k €▼ 13%247 k €
Fixed assets13,3 m €▼ 11%15,0 m €▼ 6%16,0 m €▲ 5%15,2 m €▼ 11%17,0 m €
Assets13,4 m €▼ 12%15,3 m €▼ 7%16,4 m €▲ 6%15,4 m €▼ 11%17,2 m €
Current liabilities136 k €▼ 50%271 k €▼ 32%401 k €▲ 9%367 k €▼ 95%7,4 m €
Long-term liabilities7,8 m €▼ 9%8,6 m €▼ 3%8,9 m €▲ 14%7,8 m €▲ 419%1,5 m €
Total liabilities8,0 m €▼ 11%8,9 m €▼ 4%9,3 m €▲ 13%8,2 m €▼ 8%8,9 m €
Equity5,5 m €▼ 14%6,4 m €▼ 10%7,1 m €▼ 2%7,2 m €▼ 13%8,3 m €
Labour costs0 €0 €0 €0 €0 €
Employees00000
Filed12.06.202630.06.202528.06.202420.06.202321.06.2022
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
Rental and operating of own or leased real estate main activity682011 383 136 €100%

2025 annual report, RIK open data

Real estate

e-kinnistusraamat

Loading properties…

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

Debts and court cases

clean
No tax debt · Tax Board 06.10.2026

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

3,0 mln € makseid

Transactions with state institutions

2026501 k €
2025718 k €
20241,2 m €
2023661 k €

Largest payers

Riigi Infosüsteemi Amet1 821 752 €
Riigi Infosüsteemide Amet1 196 993 €
MAJANDUS- JA KOMMUNIKATSIOONIMINISTEERIUM21 835 €
All payments by month
MonthPayerTypeFieldAmount
08.2026Riigi Infosüsteemide AmetOperating costsCommunications70 865 €
07.2026Riigi Infosüsteemide AmetOperating costsCommunications43 642 €
06.2026Riigi Infosüsteemide AmetOperating costsCommunications59 086 €
05.2026Riigi Infosüsteemide AmetOperating costsCommunications59 604 €
04.2026Riigi Infosüsteemide AmetOperating costsCommunications116 286 €
03.2026Riigi Infosüsteemide AmetOperating costsCommunications43 642 €
02.2026Riigi Infosüsteemide AmetOperating costsCommunications44 913 €
01.2026Riigi Infosüsteemide AmetOperating costsCommunications62 588 €
12.2025Riigi Infosüsteemide AmetOperating costsCommunications62 807 €
11.2025Riigi Infosüsteemide AmetOperating costsCommunications61 402 €
10.2025Riigi Infosüsteemide AmetOperating costsCommunications58 479 €
09.2025Riigi Infosüsteemide AmetOperating costsCommunications57 775 €
08.2025Riigi Infosüsteemide AmetOperating costsCommunications55 313 €
07.2025Riigi Infosüsteemide AmetOperating costsCommunications55 352 €
06.2025Riigi Infosüsteemide AmetOperating costsCommunications55 660 €
05.2025Riigi Infosüsteemide AmetOperating costsCommunications58 274 €
04.2025Riigi Infosüsteemide AmetOperating costsCommunications60 940 €
03.2025Riigi Infosüsteemide AmetOperating costsCommunications65 066 €
02.2025Riigi Infosüsteemide AmetOperating costsCommunications64 817 €
01.2025Riigi Infosüsteemide AmetOperating costsCommunications40 481 €
01.2025MAJANDUS- JA KOMMUNIKATSIOONIMINISTEERIUMOperating costsCommunications21 835 €
12.2024Riigi Infosüsteemi AmetOperating costsCommunications61 355 €
11.2024Riigi Infosüsteemi AmetOperating costsCommunications282 434 €
10.2024Riigi Infosüsteemi AmetOperating costsCommunications297 122 €
09.2024Riigi Infosüsteemi AmetOperating costsCommunications97 656 €
08.2024Riigi Infosüsteemi AmetOperating costsCommunications50 084 €
07.2024Riigi Infosüsteemi AmetOperating costsCommunications49 593 €
06.2024Riigi Infosüsteemi AmetOperating costsCommunications50 107 €
05.2024Riigi Infosüsteemi AmetOperating costsCommunications50 830 €
04.2024Riigi Infosüsteemi AmetOperating costsCommunications55 350 €
03.2024Riigi Infosüsteemi AmetOperating costsCommunications56 131 €
02.2024Riigi Infosüsteemi AmetOperating costsCommunications56 666 €
01.2024Riigi Infosüsteemi AmetOperating costsCommunications53 844 €
12.2023Riigi Infosüsteemi AmetOperating costsCommunications52 945 €
11.2023Riigi Infosüsteemi AmetOperating costsCommunications50 736 €
10.2023Riigi Infosüsteemi AmetOperating costsCommunications83 285 €
09.2023Riigi Infosüsteemi AmetOperating costsCommunications31 410 €
08.2023Riigi Infosüsteemi AmetOperating costsCommunications46 833 €
07.2023Riigi Infosüsteemi AmetOperating costsCommunications49 434 €
06.2023Riigi Infosüsteemi AmetOperating costsCommunications51 071 €
05.2023Riigi Infosüsteemi AmetOperating costsCommunications50 897 €
04.2023Riigi Infosüsteemi AmetOperating costsCommunications56 046 €
03.2023Riigi Infosüsteemi AmetOperating costsCommunications59 840 €
02.2023Riigi Infosüsteemi AmetOperating costsCommunications60 410 €
01.2023Riigi Infosüsteemi AmetOperating costsCommunications67 671 €

Riigi Tugiteenuste Keskus, Saldo makseandmikud

Holdings in other companies

0

No holdings in other companies

Companies linked via the board

9

Top 20 in activity: Rental and operating of own or leased real estate

20

Licences, domains

2 records

Activity licences (MTR and environmental)

FieldLicence numberValid from
Keskkonnaluba: BPT Baltic Fund 1 OÜL.ÕV.HA-14420520.02.2007

Domains

DomainSource
baltichorizon.comBusiness Register

History and notices

33
DateTypeContent
05.05.2026EntryAmendment entry
29.04.2026Order to remedy deficienciesAmendment entry
24.04.2026EntryAmendment entry
24.11.2025EntryAmendment entry
19.11.2025Order annulling an orderAmendment entry
19.11.2025Kättetoimetatav määrusAmendment entry
07.11.2025Kättetoimetatav määrusAmendment entry
30.05.2025EntryAmendment entry
17.06.2024EntryAmendment entry
25.09.2023EntryAmendment entry
23.05.2022EntryMuutmiskanne ÄS § 525 lg 2 alusel
20.05.2022Order to remedy deficienciesMuutmiskanne ÄS § 525 lg 2 alusel
04.01.2022Kandemäärus ex officioAmendment entry
06.12.2021Order to remedy deficienciesMuutmiskanne ÄS § 525 lg 2 alusel
03.11.2021EntryAmendment entry
20.05.2021EntryAmendment entry
10.12.2019EntryAmendment entry
08.07.2019EntryAmendment entry
19.04.2018EntryAmendment entry
17.01.2018EntryAmendment entry
02.12.2017EntryAmendment entry
28.09.2017EntryAmendment entry
03.03.2017EntryAmendment entry
14.12.2016EntryMuutmiskanne ÄS § 525 lg 2 alusel
23.09.2016EntryAmendment entry
17.06.2016EntryAmendment entry
13.06.2016EntryAmendment entry
30.05.2016Administrative orderAmendment entry
28.12.2015EntryAmendment entry
09.12.2013EntryAmendment entry
19.09.2012EntryAmendment entry
28.11.2011EntryAmendment entry
30.06.2011EntryFirst entry