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SummaryLegal & StatusTimelineNetworkOwnership & ManagementShareholdersUltimate Beneficial OwnerGeographyFinancialsFinancial HealthDocuments

OÜ GOLDMAKS

🇪🇪Estonia•Osaühing•Active
Net margin (2024)Net margin
7.2%
YoY revenue (2023 vs 2024)YoY revenue
+82%
Current ratio (2024)Current ratio

Summary

Country🇪🇪Estonia
StatusActive
Registration Number10345310
Founded17/12/1997
AddressKooli Tn 18c, Lagedi Alevik, Rae Vald, Harju Maakond, Rae Vald, Harju Maakond, 75303

Legal & Status

Legal FormOsaühing
StatusActive
Registration Date17/12/1997
Registry AuthorityEstonian Business Register / Äriregister
Registered Capital3,834

Source: Estonia RIK · Last updated: 24/04/2026

Timeline (2 events)

24/04/2026

Legal form changed

→ Osaühing

17/12/1997

Company incorporated

Incorporation date: 1997-12-17

Network

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Network depth

Ownership & Management

Persons with significant control

Juri Šantšuk

Person with significant control

Appointed: 30/10/2018

—

Ownership Timeline (1 changes)

30/10/2018

Appointed Juri Šantšuk (person)

Person with significant control

Shareholders

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Ultimate Beneficial Owner

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Geography

Headquarters

Kooli Tn 18c

Lagedi Alevik, Rae Vald, Harju Maakond

Rae Vald

Harju Maakond

75303

Financials

Key figures from annual accounts filings.

Convert to

2019

Turnover: €10.8K

Key figures

Turnover

2019€10,767
2020€25,996
2021€10,935
2022€13,950
2023€34,374
2024€62,570

Revenue

2019€10,767
2020€25,996
2021€10,935
2022€13,950
2023€34,374
2024€62,570

Profit / (loss)

2019€-2,199
2020€-845
2021€2,195
2022€-2,175
2023€1,661
2024€4,533

Total assets

2019€4,722
2020€4,642
2021€6,431
2022€6,496
2023€10,437
2024€26,561

Equity

2019€2,790
2020€2,989
2021€5,184
2022€3,009
2023€4,670
2024€9,203

Share Capital

2019€3,834
2020€3,834
2021€3,834
2022€3,834
2023€3,834
2024€3,834

Current Assets

2019€4,722
2020€4,642
2021€6,431
2022€6,496
2023€10,437
2024€15,700

Admin expenses

2019€9,099
2020€9,183
2021€9,727
2022€10,368
2023€11,723
2024€13,246

Assets

2019€4,722
2020€4,642
2021€6,431
2022€6,496
2023€10,437
2024€26,561

Average Number Of Employees In Full Time Equivalent Units

20191
20201
20211
20221
20231
20241

Cash And Cash Equivalents

2019—
2020—
2021—
2022—
2023—
2024€8,921

Current Liabilities

2019€1,932
2020€1,653
2021€1,247
2022€3,487
2023€5,767
2024€17,358

Depreciation And Impairment Loss Reversal

2019€0
2020€0
2021€0
2022€0
2023€0
2024€-2,411

Employee Expense

2019€-9,099
2020€-9,183
2021€-9,727
2022€-10,368
2023€-11,723
2024€-13,246

Issued Capital

2019€3,834
2020€3,834
2021€3,834
2022€3,834
2023€3,834
2024€3,834

Labor Expense

2019€9,099
2020€9,183
2021€9,727
2022€10,368
2023€11,723
2024€13,246

Non Current Assets

2019€0
2020€0
2021€0
2022€0
2023—
2024€10,861

Retained Earnings Loss

2019€1,155
2020€-1,044
2021€-845
2022€2,195
2023€-825
2024€836

Total Annual Period Profit Loss

2019€-2,199
2020€-845
2021€2,195
2022€-2,175
2023€1,661
2024€4,533

Total Profit Loss

2019€-2,199
2020€-845
2021€2,195
2022€-2,175
2023€1,661
2024€4,533

Total Profit Loss Before Tax

2019€-2,199
2020€-845
2021€2,195
2022€-2,175
2023€1,661
2024€4,533
Metric201920202021202220232024
Turnover€10,767€25,996€10,935€13,950€34,374€62,570
Revenue€10,767€25,996€10,935€13,950€34,374€62,570
Profit / (loss)€-2,199€-845€2,195€-2,175€1,661€4,533
Total assets€4,722€4,642€6,431€6,496€10,437€26,561
Equity€2,790€2,989€5,184€3,009€4,670€9,203
Share Capital€3,834€3,834€3,834€3,834€3,834€3,834
Current Assets€4,722€4,642€6,431€6,496€10,437€15,700
Admin expenses€9,099€9,183€9,727€10,368€11,723€13,246
Assets€4,722€4,642€6,431€6,496€10,437€26,561
Average Number Of Employees In Full Time Equivalent Units111111
Cash And Cash Equivalents—————€8,921
Current Liabilities€1,932€1,653€1,247€3,487€5,767€17,358
Depreciation And Impairment Loss Reversal€0€0€0€0€0€-2,411
Employee Expense€-9,099€-9,183€-9,727€-10,368€-11,723€-13,246
Issued Capital€3,834€3,834€3,834€3,834€3,834€3,834
Labor Expense€9,099€9,183€9,727€10,368€11,723€13,246
Non Current Assets€0€0€0€0—€10,861
Retained Earnings Loss€1,155€-1,044€-845€2,195€-825€836
Total Annual Period Profit Loss€-2,199€-845€2,195€-2,175€1,661€4,533
Total Profit Loss€-2,199€-845€2,195€-2,175€1,661€4,533
Total Profit Loss Before Tax€-2,199€-845€2,195€-2,175€1,661€4,533

Documents

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Annual report

Accounts for the accounting period ending on: 31/12/2024

Filed: 29/06/2025

Annual report

Accounts for the accounting period ending on: 31/12/2023

Filed: 27/06/2024

Annual report

Accounts for the accounting period ending on: 31/12/2022

Filed: 27/06/2023

Annual report

Accounts for the accounting period ending on: 31/12/2021

Filed: 30/06/2022

Annual report

Accounts for the accounting period ending on: 31/12/2020

Filed: 29/06/2021

Annual report

Accounts for the accounting period ending on: 31/12/2019

Filed: 25/06/2020

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0.9×
Liabilities to equity (2024)Liabilities to equity
1.89×
YoY profit / (loss) (2023 vs 2024)YoY profit / (loss)
+172.9%

Financial Health

Derived ratios from annual accounts. Values are omitted when data is missing or not meaningful.

Margins

Net margin (2019)
-20.4%
Administrative expenses % of revenue (2019)
84.5%
Net margin (2020)
-3.3%
Administrative expenses % of revenue (2020)
35.3%
Net margin (2021)
20.1%
  1. –
  2. –
  3. –OÜ GOLDMAKS
Administrative expenses % of revenue (2021)
89%
Net margin (2022)
-15.6%
Administrative expenses % of revenue (2022)
74.3%
Net margin (2023)
4.8%
Administrative expenses % of revenue (2023)
34.1%
Net margin (2024)
7.2%
Administrative expenses % of revenue (2024)
21.2%

Growth

YoY revenue (2019 vs 2020)
+141.4%
YoY profit / (loss) (2019 vs 2020)
+61.6%
YoY total assets (2019 vs 2020)
-1.7%
YoY revenue (2020 vs 2021)
-57.9%
YoY profit / (loss) (2020 vs 2021)
+359.8%
YoY total assets (2020 vs 2021)
+38.5%
YoY revenue (2021 vs 2022)
+27.6%
YoY profit / (loss) (2021 vs 2022)
-199.1%
YoY total assets (2021 vs 2022)
+1%
YoY revenue (2022 vs 2023)
+146.4%
YoY profit / (loss) (2022 vs 2023)
+176.4%
YoY total assets (2022 vs 2023)
+60.7%
YoY revenue (2023 vs 2024)
+82%
YoY profit / (loss) (2023 vs 2024)
+172.9%
YoY total assets (2023 vs 2024)
+154.5%
CAGR revenue (2019–2024)
+42.2%
CAGR total assets (2019–2024)
+41.3%

Efficiency & returns

Asset turnover (2019)
2.28×
Return on assets (net) (2019)
-46.6%
Asset turnover (2020)
5.6×
Return on assets (net) (2020)
-18.2%
Asset turnover (2021)
1.7×
Return on assets (net) (2021)
34.1%
Asset turnover (2022)
2.15×
Return on assets (net) (2022)
-33.5%
Asset turnover (2023)
3.29×
Return on assets (net) (2023)
15.9%
Asset turnover (2024)
2.36×
Return on assets (net) (2024)
17.1%

Working capital & liquidity

Current ratio (2019)
2.44×
Current ratio (2020)
2.81×
Current ratio (2021)
5.16×
Current ratio (2022)
1.86×
Current ratio (2023)
1.81×
Current ratio (2024)
0.9×

Capital structure

Equity ratio (2019)
59.1%
Liabilities to total assets (2019)
40.9%
Liabilities to equity (2019)
0.69×
Equity ratio (2020)
64.4%
Liabilities to total assets (2020)
35.6%
Liabilities to equity (2020)
0.55×
Equity ratio (2021)
80.6%
Liabilities to total assets (2021)
19.4%
Liabilities to equity (2021)
0.24×
Equity ratio (2022)
46.3%
Liabilities to total assets (2022)
53.7%
Liabilities to equity (2022)
1.16×
Equity ratio (2023)
44.7%
Liabilities to total assets (2023)
55.3%
Liabilities to equity (2023)
1.23×
Equity ratio (2024)
34.6%
Liabilities to total assets (2024)
65.4%
Liabilities to equity (2024)
1.89×
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