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Baltic Horizon Capital AS

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RegisteredHarju County
Registry code
11025345
VAT number
EE100896787
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Roseni tn 7, 10111
Registered
07.04.2004 · 22 yrs
Activity
Fund management activities 66301
Capital
125 000 €
Email
i•••@b•••.comLog in to see
Phone
+370 6•• ••••Log in to see
LEI
529900GDVTNNYQBDU208 ISSUED
Business Register 07.10.2026
Sales revenue1,1 m €-15%2025 annual report
Profit-2,7 m €2025 annual report
Employees2Tax Board 2026 Q2
Average gross salary28 673 €estimate, Tax Board 2026 Q2
Labour taxes per quarter87 738 €Tax Board 2026 Q2
Cash8 153 €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 06.10.2026
Revenue 12 months244 k €-12%Tax Board, last 4 quarters
State taxes 12 months240 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 12 306 €
70 k46 k85 k75 k94 k70 k68 k12 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
AAA
Excellent, very low risk
90 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow 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
RatingA → AA → AAA
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 12% vs a year earlier
Email right away on tax debt, bankruptcy or board change
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Data

Board and owners

3 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 2
Edvinas Karbauskas4 companiesno tax debt13.01.1995 (31 a)Personal ID ↗09.04.2026
Gerda Bliuvienė5 companiesno tax debtPersonal ID ↗16.04.2026
Other persons 1
Nasdaq CSD SE1983 companies149 with tax debt40 bankruptShare register keeperPersonal ID ↗17.10.2018
Beneficial owners 3
Antanas Anskaitismember of the senior management body, i.e. management or supervisory board member26.11.2025
Antanas Danysmember of the senior management body, i.e. management or supervisory board member26.11.2025
Tomas Milašauskasmember of the senior management body, i.e. management or supervisory board member26.11.2025

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue685,4%
Labour taxes / revenue713,0%
Revenue per employee per month2 051 €
Gross salary (estimate)28 673 €
Net salary (estimate)21 713 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q212 306 €▼ 84%87 738 €84 342 €2
2026 Q167 978 €▼ 20%30 952 €44 704 €3
2025 Q470 055 €▲ 52%24 877 €40 172 €3
2025 Q393 621 €▲ 33%21 430 €70 906 €2
2025 Q275 241 €▲ 64%20 850 €36 273 €2
2025 Q185 113 €▲ 3%20 742 €38 353 €2
2024 Q446 056 €▼ 40%20 383 €29 312 €2
2024 Q370 248 €▲ 9%20 703 €35 148 €2
2024 Q245 980 €▼ 24%20 808 €97 076 €2
2024 Q183 037 €▼ 56%19 711 €82 803 €2
2023 Q476 647 €▼ 60%19 648 €34 241 €2
2023 Q364 472 €▼ 18%20 275 €32 243 €2
Show full history (18 quarters)
2023 Q260 834 €▼ 33%22 265 €49 574 €2
2023 Q1190 081 €▲ 332%21 272 €59 365 €2
2022 Q4193 854 €19 240 €56 833 €2
2022 Q378 950 €27 133 €106 942 €2
2022 Q291 174 €31 512 €114 485 €2
2022 Q143 954 €28 562 €36 630 €2

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 revenue1,1 m €▼ 15%1,3 m €▼ 13%1,5 m €▼ 6%1,6 m €▼ 9%1,7 m €
Profit-2,7 m €▼ into loss83 794 €▼ 54%182 k €▲ 338%41 603 €▼ 93%555 k €
Profit margin-245,4%6,5%12,3%2,6%31,8%
Retained earnings3,1 m €0%3,1 m €▼ 7%3,3 m €▼ 10%3,6 m €▼ 6%3,9 m €
Cash8 153 €▼ 83%49 205 €▼ 48%93 971 €▲ 18×5 257 €▼ 96%145 k €
Current assets701 k €▼ 81%3,6 m €▲ 248%1,0 m €▲ 67%622 k €▼ 1%630 k €
Fixed assets4 923 €0 €▼ 100%2,9 m €▼ 24%3,7 m €▼ 12%4,3 m €
Assets706 k €▼ 80%3,6 m €▼ 7%3,9 m €▼ 11%4,4 m €▼ 11%4,9 m €
Current liabilities91 512 €▼ 58%220 k €▲ 25%176 k €▼ 58%421 k €▲ 120%191 k €
Total liabilities91 512 €▼ 58%220 k €▲ 25%176 k €▼ 58%421 k €▲ 120%191 k €
Equity615 k €▼ 82%3,4 m €▼ 9%3,7 m €▼ 6%3,9 m €▼ 16%4,7 m €
Labour costs262 k €▲ 3%256 k €▼ 11%288 k €▲ 2%283 k €▼ 17%341 k €
Employees7▲ 250%20%20%2▼ 50%4
Filed23.04.202624.04.202525.04.202428.04.202329.04.2022
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 activity663011 093 649 €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

none

No transactions with state agencies, procurement contracts or grants found

RTK Saldo, Riigihangete register, RTK toetatud projektid

Holdings in other companies

4
CompanyCodeHoldingSinceRevenue
BH CC Plaza OÜ12399823100,0%17.07.20263,0 m €
BH Lincona OÜ12127485100,0%17.07.20261,4 m €
Pirita Center OÜ12992834100,0%17.07.20261,2 m €
Gene Investments OÜ11452219100,0%28.11.20250 €

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, pledges, domains

No data

History and notices

38
DateTypeContent
06.05.2026EntryMuutmiskanne TsMS § 595¹ lg 1 alusel
04.05.2026EntryAmendment entry
16.04.2026EntryAmendment entry
09.04.2026EntryAmendment entry
02.04.2026Order to remedy deficienciesAmendment entry
26.03.2026EntryAmendment entry
19.11.2025EntryAmendment entry
06.11.2025Order to remedy deficienciesAmendment entry
23.05.2025EntryAmendment entry
26.03.2025EntryMuutmiskanne TsMS § 595¹ lg 1 alusel
10.12.2024EntryAmendment entry
19.01.2024EntryMuutmiskanne TsMS § 595¹ lg 1 alusel
07.02.2023EntryAmendment entry
30.07.2019EntryAmendment entry
22.03.2019EntryAmendment entry
01.11.2018EntryAmendment entry
17.10.2018EntryAmendment entry
17.01.2018EntryAmendment entry
08.11.2017EntryAmendment entry
28.09.2017EntryAmendment entry
30.01.2017EntryMuutmiskanne ÄS § 525 lg 2 alusel
20.04.2016EntryAmendment entry
18.04.2016EntryAmendment entry
04.04.2016Administrative order
19.11.2015EntryMuutmiskanne ÄS § 525 lg 2 alusel
03.07.2014EntryAmendment entry
07.03.2014EntryAmendment entry
19.12.2013EntryAmendment entry
11.01.2011EntryAmendment entry
10.07.2009EntryÜmberkujundamiskanne uut registrikaarti avamata
25.06.2009Märge osade või aktsiate registreerituse kohta EVK-sMärkus
03.12.2008Tegevusalade kustutamine registrikaardiltAmendment entry
30.10.2007EntryAmendment entry
23.10.2006EntryAmendment entry
14.09.2005Jaatav kandeotsusAmendment entry
24.01.2005Lõivu tagastamise määrusToimiku dokumentide kontroll
10.01.2005Jaatav kandeotsusAmendment entry
06.04.2004Jaatav kandeotsusFirst entry