Nine companies, near-zero profit: income melts into labour costs, revenues fall
According to the latest reports in the register, the four active companies had about € 110,000 in combined revenue and about € 5,200 in combined operating…
Global Estonia findings from registry and licence records
8 complaint cards
Findings read from registry and licence records: annual reports, capital, employee count, activity codes and which company holds the licence. These cards are dated public records, not customer reports.
Each card describes a complaint type; details, the evidence line and what to do are on the card’s own page.
What the public records show
The cards of this type are not customer reports but public records anyone can verify. According to the e-Business Register, six of the nine companies linked to the same board member have not filed their 2025 annual report although the deadline (30 June 2026) has passed; five were founded with € 1 capital; the four active companies that filed reports show combined operating profit of about € 5,200 on about € 110,000 revenue. Sazara OÜ, which sells accounting services, reported zero employees for 2025 and has its registered address in the United Kingdom. According to the MTR register, the company service licence is held only by JusTrust OÜ; there is no entry for Companify, Quintum or Sazara. Each card shows a last-verified date and a screenshot, and the records are rechecked weekly. To look yourself: how to read ariregister. (Opinion: buying services from companies that file their own reports late, have no employees and € 1 capital increases the customer’s risk.)
Complaints of this type
JusTrust OÜ, whose website claims “200+ companies formed”, reports one employee for five years
Global Estonia’s licensed company-formation provider JusTrust OÜ (reg. 16093920) reported 1 full-time-equivalent employee every year from 2021 to 2025. Over…
Adelianz’s equity is € 350: little to collect if a claim succeeds
According to the latest balance sheets in the register, Adelianz OÜ’s total equity is € 350, Trendclothing OÜ’s € 1,096, Sazara OÜ’s € 2,113, JusTrust OÜ’s €…
The accounting company Quintum OÜ did not file its own annual report on time
Quintum OÜ (reg. 17024619), shown by Global Estonia as its accounting company and issuing the accounting invoices, had a first financial year of 8 Jul…
Contact-person service needs a licence; Companify OÜ invoices without one visible
In Estonia the contact-person and company-formation service requires an activity licence issued by the Financial Intelligence Unit. That licence (FIU000395)…
Sazara OÜ, which sells accounting services, reported zero employees for 2025
Sazara OÜ (reg. 16293205), introduced in e-mails as the group’s accounting firm and running the document portal sazara.ee, reported 0 full-time-equivalent…
Clothing, software and information-services companies at one address: activity codes unrelated to the service
According to the register, the companies with the same shareholder (eight of them at the same address) have unrelated activity codes: Trendclothing OÜ retail…
Adelianz OÜ: 4 employees, average € 606 a month each, revenue melting into labour costs
Aşkın Yıldız’s company with the highest revenue in the latest report, Adelianz OÜ (reg. 14527107, activity code 63921 “other information services”), reported…
What to do about this type of complaint
Verify the licence number yourself in the MTR register and check whether the licence holder is the company invoicing you; check on the registry card whether the activity code matches the service sold.
This card is a public-record entry, not a customer report: search the registry code on ariregister.rik.ee and see the same data yourself. Before choosing a provider, check annual report status, employee count and capital in five minutes.
Related guide sections:
- Choosing an accountant › 1–3: Licence, register and the company that invoices you
- Reading ariregister › Right of representation, Shareholders, Beneficial owners, Connections
- Where to complain › Authorities: what each one does and does not do
- Reading ariregister › Annual reports: what Esitamata / Not submitted means
- Reading ariregister › A five-minute checklist
- File your own report › Filing the annual report yourself: step by step
Frequently asked questions
Where does this information come from?
All of it is taken, with dates, from the Estonian e-Business Register (ariregister.rik.ee), the Register of Economic Activities (MTR) and the provider’s own website. Each card shows its last-verified date; you can open the same records yourself by registry code.
Is Global Estonia licensed?
According to the MTR register, JusTrust OÜ holds company service licence FIU000395 (since 3 March 2021). There is no licence entry for Companify, Quintum or Sazara OÜ in the same network. No separate licence is needed for accounting services in Estonia.
Is it a problem to work with a company that has not filed its report?
A report still unfiled after the deadline can lead to registry fines and, if prolonged, to deletion proceedings. A provider delaying its own report is a warning sign, because it may show the same discipline with yours (opinion).