ETENRU
RegisteredHarju County
Registry code
12667873
VAT number
EE101756897
Address
Harju maakond, Tallinn, Põhja-Tallinna linnaosa, Telliskivi tn 60a/5, 10412
Registered
29.05.2014 · 12 yrs
Activity
Manufacture of bread; manufacture of fresh pastry goods and cakes 10711
Capital
2 616 €
Email
m•••@m•••.eeLog in to see
Phone
+372 5•• ••••Log in to see
Website
www.muhuleib.ee from email
Business Register 06.10.2026
Tax debt over €10,000 and over 90 days
Negative equity, low liquidity and tax debt
Sales revenue1,4 m €-5%2025 annual report
Profit-16 455 €2025 annual report
Employees28Tax Board 2026 Q2
Average gross salary1 012 €estimate, Tax Board 2026 Q2
Labour taxes per quarter43 352 €Tax Board 2026 Q2
Cash88 278 €Cash 31.12.2025, annual report
Tax debt58 940 €sh ajatatud 38 969 €Tax Board 05.10.2026 · details below
Revenue 12 months1,3 m €-11%Tax Board, last 4 quarters
State taxes 12 months387 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · days in debt: 10
26.0928.0930.0903.1005.10
Total tax debtsellest ajatatudmax 66 940 €
Details ↓
Turnover by quarter · latest 308 tuh €
380 k368 k408 k354 k359 k335 k349 k308 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
B
Weak, high risk
51 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 06.10.2026 · open data
Quick check
  • Tax debt 58 940 €
  • No enforcement proceedings (12 months)
  • No payment orders (12 months)
  • No bankruptcy or liquidation
  • No sanctions
  • Report filed (2025)
  • VAT registered
Stability
RatingB since 26.09.2026
In tax debt10 days since 26.09.2026
Revenue 12 months▼ 11% vs a year earlier
Notification when something changes

Data

Board and owners

2 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 1
Martin Sepping3 companies1 with tax debtPersonal ID ↗29.05.2014
Other persons 1
Nasdaq CSD SEOsade registripidajaOsad on Eesti väärtpaberite registris (Nasdaq CSD). See ei tähenda börsil noteerimist.28.09.2017
Shareholders 3
Omanikukonto: MARTIN SEPPING63,69% 1 666 €16.08.2023
Omanikukonto: SiLab Invest OÜ26,3% 688 €09.01.2026
Omanikukonto: MUHU PAGARID OÜ10,02% 262 €16.08.2023
Beneficial owners 3
Igor Schmidt4 companiesno tax debtkaudne osalus04.03.2025
Martin Sepping3 companies1 with tax debtdirect holding04.03.2025
Rasmus Pedanik3 companiesno tax debtkaudne osalus04.03.2025

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue22,3%
Labour taxes / revenue14,1%
Revenue per employee per month3 662 €
Gross salary (estimate)1 012 €
Net salary (estimate)915 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q2307 619 €▼ 13%43 352 €68 627 €28
2026 Q1348 708 €▼ 14%62 742 €99 173 €27
2025 Q4334 594 €▼ 9%67 628 €108 306 €30
2025 Q3358 739 €▼ 6%71 237 €111 124 €30
2025 Q2354 355 €▼ 6%75 825 €99 075 €31
2025 Q1407 500 €▲ 5%70 444 €118 530 €31
2024 Q4368 433 €▲ 2%77 278 €120 301 €32
2024 Q3380 498 €▲ 5%69 451 €114 767 €31
2024 Q2375 048 €▲ 5%68 788 €111 865 €33
2024 Q1387 967 €▲ 6%76 243 €118 464 €31
2023 Q4359 540 €▲ 7%63 642 €107 414 €31
2023 Q3361 985 €▲ 11%75 083 €115 276 €30
Show full history (18 quarters)
2023 Q2357 541 €▲ 18%67 055 €117 158 €32
2023 Q1365 988 €▲ 18%50 884 €77 611 €31
2022 Q4337 300 €70 917 €91 304 €31
2022 Q3324 892 €44 734 €73 325 €28
2022 Q2302 835 €62 910 €83 775 €29
2022 Q1310 483 €48 320 €79 624 €25

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 €▼ 5%1,5 m €▲ 2%1,4 m €▲ 12%1,3 m €▲ 3%1,3 m €
Profit-16 455 €▼ into loss13 420 €▼ 77%58 094 €▲ 317%13 928 €▲ into profit-42 725 €
Profit margin-1,2%0,9%4,0%1,1%-3,4%
Retained earnings-160 k €▲ 8%-174 k €▲ 25%-232 k €▲ 6%-246 k €▼ 21%-203 k €
Cash88 278 €▲ 12%78 901 €▼ 5%83 168 €▲ 50%55 501 €▲ 31%42 376 €
Current assets216 k €▼ 6%230 k €▼ 6%243 k €▲ 7%228 k €▲ 4%219 k €
Fixed assets25 030 €▼ 33%37 618 €▼ 20%46 882 €▼ 25%62 644 €▲ 12%56 019 €
Assets241 k €▼ 10%267 k €▼ 8%290 k €0%291 k €▲ 6%275 k €
Current liabilities217 k €▼ 13%249 k €▼ 12%281 k €▼ 2%286 k €▲ 16%247 k €
Long-term liabilities139 k €▲ 19%117 k €▼ 3%120 k €▼ 31%174 k €▼ 18%212 k €
Total liabilities356 k €▼ 3%365 k €▼ 9%401 k €▼ 13%460 k €0%458 k €
Equity-114 k €▼ 17%-97 625 €▲ 12%-111 k €▲ 34%-169 k €▲ 8%-183 k €
Labour costs-670 k €▼ 2%-656 k €▼ 6%-621 k €▼ 2%-607 k €▼ 11%-546 k €
Employees24▼ 8%26▲ 4%25▼ 14%29▲ 12%26
Filed29.06.202630.06.202525.06.202429.06.202305.07.2022
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
Manufacture of bread; manufacture of fresh pastry goods and cakes main activity107111 396 821 €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

1 records
Tax debt 58 940 € · as of 05.10.2026
Ajatatud (tasumisgraafik)
38 969 € · kuni 29.02.2028
Ajatamata osa
19 971 €
Debt arose
22.06.2026 · oldest unpaid claim, 105 days
Consecutively on the list
since 26.09.2026 (10 days) · Firmo data starts 26.09.2026

Tax debt change 26.09.2026 to 05.10.2026 · days in debt: 10

26.0928.0930.0903.1005.10
Total tax debtsellest ajatatudmax 66 940 €

Tax debt history over 5 years

StartEndDaysLargest debtStatus
26.09.2026ongoing1066 940 €unpaid

Paid tax debt stays visible for 5 years. Only tax debt from the last 2 years affects the rating.

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

avalikke teateid pole

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

17 783 € makseid · 1 toetust

Transactions with state institutions

2026260 €
2025731 €
20241 039 €
202315 753 €

Largest payers

Põllumajanduse Registrite ja Informatsiooni Amet15 671 €
Tallinna Pelgulinna Riigigümnaasium508 €
REGIONAAL- JA PÕLLUMAJANDUSMINISTEERIUM500 €
Tallinna Lilleküla Gümnaasium 348 €
Tartu Tervishoiu Kõrgkool223 €
All payments by month
MonthPayerTypeFieldAmount
03.2026RAHANDUSMINISTEERIUMOperating costsRahandus- ja fiskaalpoliitika125 €
02.2026Tartu Tamme GümnaasiumOperating costsBasic and general secondary education135 €
10.2025Tallinna Pelgulinna RiigigümnaasiumLabour costsBasic and general secondary education508 €
09.2025Tartu Tervishoiu KõrgkoolLabour costsTertiary education223 €
12.2024REGIONAAL- JA PÕLLUMAJANDUSMINISTEERIUMLabour costsPõllumajandus500 €
05.2024Tartu Sündmuste KorralduskeskusOperating costsFolk culture65 €
01.2024Tallinna Lilleküla Gümnaasium Labour costsBasic and general secondary education348 €
01.2024SA Tartu Perekodu KäopesaOperating costsSubstitute and aftercare126 €
09.2023Põllumajanduse Registrite ja Informatsiooni AmetMuud toetusedPõllumajandus15 671 €
03.2023Tartu Annelinna GümnaasiumOperating costsBasic and general secondary education19 €
01.2023Tartu Annelinna GümnaasiumOperating costsBasic and general secondary education63 €

Riigi Tugiteenuste Keskus, Saldo makseandmikud

Toetuse saanud projektid toetus kokku 3 963 €

ProjektMeedePerioodToetusVälja makstud
Muhu leib
Lõpetatud · Ettevõtluse ja Innovatsiooni Sihtasutus
Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseks01.08.2016 – 30.11.20163 963 €4 985 €

Riigi Tugiteenuste Keskus, toetatud projektid

Holdings in other companies

0

No holdings in other companies

Companies linked via the board

2

Top 20 in activity: Manufacture of bread; manufacture of fresh pastry goods and cakes

20
#CompanyRevenue
1AS Eesti Pagar106,8 m €
2OÜ Cristella VT51,3 m €
3AKTSIASELTS LEIBUR29,9 m €
4AS Eesti Leivatööstus10,3 m €
5OÜ RÕNGU PAGAR6,9 m €
6Aktsiaselts Pihlaka5,4 m €
7AS EUROLEIB5,0 m €
8aktsiaselts LÕUNA PAGARID4,4 m €
9Hiiumaa Köök ja Pagar OÜ3,7 m €
10Reval Kondiiter OÜ3,1 m €
11Europagar OÜ2,6 m €
12OÜ Gurmeeklubi2,5 m €
13Crustum OÜ1,7 m €
14Muhu Leib OÜ1,4 m €
15Eesti Sai OÜ1,4 m €
16Lameleib OÜ1,2 m €
17OÜ Päts1,1 m €
18osaühing Karja Pagariäri975 k €
19Küpsetuskojad OÜ941 k €
20ELLENI PAGARIÄRI Osaühing803 k €

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

Licences, pledges, domains

3 records

Activity licences (MTR and environmental)

FieldLicence numberValid from
JaekaubandusKJK05409821.01.2016

Commercial pledges

NumberPandipidajaAmountSince
1Swedbank AS39 000 €12.12.2017

Domains

DomainSource
muhuleib.eeemail

History and notices

12
DateTypeContent
29.06.2018EntryMuutmiskanne ÄS § 525 lg 2 alusel
20.01.2018EntryAmendment entry
12.12.2017EntryKommertspandi avamiskanne
28.09.2017EntryAmendment entry
13.02.2017EntryAmendment entry
10.02.2017Order to remedy deficienciesAmendment entry
25.01.2017EntryAmendment entry
19.01.2017EntryAmendment entry
01.12.2016EntryAmendment entry
16.01.2015EntryAmendment entry
16.01.2015Order to remedy deficienciesAmendment entry
29.05.2014EntryFirst entry