Annual Reporting Categories for an Estonian Company
as per 19.09.2024
When preparing the annual report, the company must choose a reporting form category based on its indicators. If the company wishes to prepare a more comprehensive annual report, a higher category of reporting forms may be selected.
Category Conditions:
Micro Undertaking – A private limited company that meets all the following criteria on the balance sheet date of the accounting year:
Sales revenue during the accounting year is up to €50,000.
Total assets do not exceed €175,000.
Liabilities are less than or equal to the owners’ equity.
There is one shareholder who is also a member of the management board.
Small Undertaking – A company registered in Estonia that is not classified as a micro undertaking, and meets at least one of the following criteria on the balance sheet date of the accounting year:
Sales revenue up to €8,000,000.
Total assets up to €4,000,000.
An average of 50 employees during the accounting year.
Medium-sized Undertaking – A company registered in Estonia that is neither a micro nor a small undertaking, and meets at least one of the following criteria on the balance sheet date of the accounting year:
Sales revenue up to €40,000,000.
Total assets up to €20,000,000.
An average of 250 employees during the accounting year.
Large Undertaking – A company registered in Estonia that exceeds at least two of the following criteria on the balance sheet date of the accounting year:
Sales revenue over €40,000,000.
Total assets over €20,000,000.
An average of 250 employees during the accounting year.