micro-entity
micro-entity annual report in Estonia: limits and contents
a micro-entity is a company that does not exceed two of the three limits below (RPS § 3 p 14). its report consists of a balance sheet, an income statement and notes.
| limit | value |
|---|---|
| total assets | €450,000 |
| reporting-year income | €900,000 |
| average number of employees | 10 |
the earlier €175,000 and €50,000 limits and the single-shareholder condition were repealed in 2025.
contents
what the report contains
balance sheet
assets, liabilities and equity at the end of the reporting year (RPS annex 1).
income statement
income, expenses and profit or loss (RPS § 18 subsection 3, annex 2).
notes
listed below.
what the report leaves out
cash-flow statement
not required (RPS § 19).
statement of changes in equity
not required (RPS § 20).
management report
not required (RPS § 15 subsection 2¹, § 14 subsection 1¹).
notes
required notes
the basis is RPS § 21 subsection 4. the employee number is always given, the others only when they apply.
average number of employees
total labour cost need not be disclosed (point 13).
off-balance-sheet obligations
contingent and binding obligations not shown on the balance sheet (point 4).
secured liabilities
secured liabilities, with the type and description of the security (point 6).
advances and loans to management
to board and council members: amounts, terms, interest rates (point 7).
restoring equity
if equity does not meet the Commercial Code requirements, describe in the notes how it will be restored (RPS § 24 subsection 10).
comparison
micro-entity and small entity compared
both file a short-form report. the differences are the limits, the management report and the notes.
| micro-entity | small entity | |
|---|---|---|
| total assets up to | 450 000 € | 7 500 000 € |
| income for the year up to | 900 000 € | 15 000 000 € |
| average employees up to | 10 | 50 |
| main statements | balance sheet and income statement | balance sheet and income statement |
| management report | not required | required |
| required notes | at least 4 points | at least 14 points |
questions and answers
what is a micro-entity annual report in Estonia?
an abridged report: balance sheet, income statement and notes.
what are the micro-entity conditions and limits?
the company does not exceed two of three limits: assets of €450,000, income of €900,000, 10 employees (RPS § 3 p 14).
which notes are mandatory for a micro-entity?
always the average number of employees. the others (off-balance-sheet obligations, secured liabilities, loans to management, equity restoration) only when they apply.
does a micro-entity have to prepare a management report?
no, a micro-entity report has no management report.
are the micro-entity limits still €175,000 and €50,000?
no, those limits and the single-shareholder condition were repealed in 2025.
sources
- limits
- RPS § 3 p 14
- report contents
- RPS § 15 subsection 2¹, § 19, § 20, § 14 subsection 1¹
checked against Riigi Teataja on 07.10.2026
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