Osaühing PIONEERING RETAIL GROUP

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RegisteredHarju County

Registry code: 11020773
VAT number: EE100895212
Address: Harju maakond, Tallinn, Kesklinna linnaosa, Tatari tn 5-8, 10116
Registered: 16.03.2004 · 22 yrs
Activity: Muu spetsialiseerimata jaemüük 47121
Capital: 2 556 €
Email: i•••@e•••.eeLog in to see
Phone: +372 •• ••••Log in to see

Business Register 07.10.2026

Sales revenue1,1 m €+10%2025 annual report

Profit119 k €2025 annual report

Labour taxes per quarter0 €Tax Board 2026 Q2

Cash95 471 €Cash 31.12.2025, annual report

Tax debt0 €Tax Board debtor list 07.10.2026

Revenue 12 months1,1 m €+10%Tax Board, last 4 quarters

State taxes 12 months56 427 €Tax Board, last 4 quarters

Tax debt since 26.09.2026 · ✓ no debt

Details ↓

Turnover by quarter · latest 225 tuh €

285 k204 k270 k228 k338 k234 k286 k225 k

III 24IV 24I 25II 25III 25IV 25I 26II 26

Chart ↓

Firmo rating

AAA

Excellent, very low risk

93 / 100 points

CBBBBBBAAAAAA

View credit report Report a debt How the rating is calculatedCalculated 07.10.2026 · 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

RatingAA → AAA

In tax debt0 days since 26.09.2026

Revenue 12 months▲ 10% vs a year earlier

Email right away on tax debt, bankruptcy or board change

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Data

Board and owners

1 persons

Show persons' backgroundNumber of active companies, tax debt and bankruptcy. Facts, not an assessment.

Board 1
Inderpal Malhotra6 companiesno tax debt	Personal ID ↗	09.08.2011
Shareholders 1
Inderpal Malhotra	100,0% 2 556 €	01.09.2023
Beneficial owners 1
Inderpal Malhotra6 companiesno tax debtdirect holding		17.04.2023

Business Register open data

Quarterly taxes and revenue

2026 Q2

State taxes / revenue2,1%

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

Quarter	Revenue	Change y/y	Labour taxes	State taxes	Employees
2026 Q2	224 526 €	▼ 2%	0 €	4 701 €	—
2026 Q1	285 980 €	▲ 6%	0 €	20 918 €	—
2025 Q4	234 480 €	▲ 15%	0 €	4 451 €	—
2025 Q3	337 645 €	▲ 19%	0 €	26 357 €	—
2025 Q2	228 035 €	▲ 5%	0 €	6 222 €	—
2025 Q1	269 523 €	▼ 6%	0 €	16 201 €	—
2024 Q4	204 067 €	▼ 14%	—	—	—
2024 Q3	284 681 €	▼ 14%	1 513 €	39 102 €	—
2024 Q2	216 295 €	▼ 2%	0 €	111 €	—
2024 Q1	285 279 €	▼ 2%	1 882 €	19 996 €	—
2023 Q4	237 983 €	▲ 18%	0 €	10 867 €	—
2023 Q3	331 940 €	▲ 22%	1 228 €	29 276 €	—

Show full history (18 quarters)

2023 Q2	219 642 €	▲ 24%	602 €	7 169 €	—
2023 Q1	290 335 €	▲ 35%	903 €	22 249 €	—
2022 Q4	202 343 €		0 €	3 427 €	—
2022 Q3	272 984 €		366 €	22 149 €	—
2022 Q2	176 648 €		1 302 €	8 787 €	—
2022 Q1	215 193 €		640 €	16 089 €	—

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

	2025		2024		2023		2022		2021
Sales revenue	1,1 m €	▲ 10%	974 k €	▼ 10%	1,1 m €	▲ 23%	882 k €	▲ 20%	736 k €
Profit	119 k €	▲ 17%	102 k €	▼ 42%	176 k €	▲ 117%	80 833 €	▲ 83%	44 117 €
Profit margin	11,1%		10,4%		16,2%		9,2%		6,0%
Retained earnings	1,1 m €	▲ 8%	1,0 m €	▲ 9%	938 k €	▲ 2%	919 k €	▼ 1%	930 k €
Cash	95 471 €	▲ 26%	75 938 €	▼ 55%	169 k €	▲ 46%	116 k €	▼ 38%	188 k €
Current assets	1,1 m €	▲ 12%	951 k €	▲ 14%	837 k €	▲ 5%	794 k €	▼ 10%	882 k €
Fixed assets	520 k €	0%	518 k €	▲ 21%	427 k €	▲ 7%	399 k €	▲ 5%	382 k €
Assets	1,6 m €	▲ 8%	1,5 m €	▲ 16%	1,3 m €	▲ 6%	1,2 m €	▼ 6%	1,3 m €
Current liabilities	137 k €	▲ 38%	99 302 €	▲ 13%	87 707 €	▼ 14%	103 k €	▼ 31%	149 k €
Long-term liabilities	219 k €	▼ 9%	241 k €	▲ 294%	61 122 €	▼ 31%	88 067 €	▼ 36%	138 k €
Total liabilities	357 k €	▲ 5%	340 k €	▲ 129%	149 k €	▼ 22%	191 k €	▼ 34%	288 k €
Equity	1,2 m €	▲ 9%	1,1 m €	▲ 1%	1,1 m €	▲ 11%	1,0 m €	▲ 3%	976 k €
Labour costs	0 €		0 €		—		—		—
Employees	0		0		0		0		0
Filed	30.06.2026		30.06.2025		28.06.2024		28.06.2023		27.06.2022
Report	PDF ↓		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

Activity	EMTAK	Sales revenue	Osa
Muu spetsialiseerimata jaemüük main activity	47121	1 074 566 €	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 07.10.2026

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

none

No transactions with state agencies, procurement contracts or grants found

RTK Saldo, Riigihangete register, RTK toetatud projektid

Holdings in other companies

No holdings in other companies

Companies linked via the board

DADA GOPAL OÜInderpal Malhotra419 k €AA GOBIND-OSTA GROUP OsaühingInderpal Malhotra332 k €A Osaühing EXPRESSIONSInderpal Malhotra24 000 €A TALLINN EYE OÜInderpal Malhotra10 352 €A Bijoux Eesti OÜInderpal Malhotra0 €

Sorted by revenue (latest report or 4 quarters).

Top 20 in activity: Muu spetsialiseerimata jaemüük

#	Company	Revenue
1	BAUHOF GROUP AS	121,0 m €
2	Kaubamaja AS	94,4 m €
3	DEPO DIY EE OÜ	61,7 m €
4	Stockmann Aktsiaselts	42,3 m €
5	Pepco Estonia OÜ	34,4 m €
6	KPG Kaubanduse OÜ	33,9 m €
7	H & M Hennes & Mauritz OÜ	33,6 m €
8	KOTRYNA OÜ	13,9 m €
9	smart7 OÜ	11,3 m €
10	LS ecom OÜ	10,8 m €
11	Iconic Beauty Brands OÜ	8,5 m €
12	Baaboo Europe OÜ	8,2 m €
13	TALWEST GRUPP OÜ	7,9 m €
14	OÜ Makserv	7,7 m €
15	Skull Shaver Estonia OÜ	7,2 m €
16	Optiland Eesti Osaühing	6,2 m €
17	Syntel Solutions OÜ	5,5 m €
18	Commerceweb OÜ	4,9 m €
19	Focus Point Systems OÜ	4,6 m €
20	fourty seven OÜ	3,8 m €

Osaühing PIONEERING RETAIL GROUP: place 61 /1869

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

Pandid

3 records

Commercial pledges

Number	Pandipidaja	Amount	Since
3	Swedbank AS	46 600 €	07.12.2012
2	aktsiaselts Hansapank	500 000 €	19.10.2005
1	aktsiaselts Hansapank	900 000 €	16.06.2005

History and notices

Date	Type	Content
01.09.2023	Entry	Amendment entry
17.01.2018	Entry	Amendment entry
08.11.2017	Entry	Amendment entry
12.09.2016	Entry	Amendment entry
15.09.2014	Order to remedy deficiencies to correct non-entry data
07.12.2012	Entry	Kommertspandi avamiskanne
09.08.2011	Entry	Amendment entry
12.07.2010	Tegevusalade kustutamine registrikaardilt	Amendment entry
03.10.2006	ÄS §33 lg 7.1 täitmine	Kommertspandi muutmiskanne
03.10.2006	ÄS §33 lg 7.1 täitmine	Kommertspandi muutmiskanne
03.10.2006	Entry	Amendment entry
19.10.2005	Jaatav kandeotsus	Kommertspandi avamiskanne
16.06.2005	Jaatav kandeotsus	Kommertspandi avamiskanne
06.06.2005	Jaatav kandeotsus	Amendment entry
12.03.2004	Jaatav kandeotsus	First entry