KAAS OÜ: Snooze Story
KAAS OÜ, from Harju County, was registered 6 years ago, whilst already in the EU. The newborn venture did not utter a sound and is still fast asleep to this day, lying dormant in the portfolio of Evalds Putninš.
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There are in all 79 559 such "Sleeping Beauties" in Estonia today (altogether 28.1% of all registered companies). There are 12 366 snoozers in the sector, making up 28.3% of the sector. The snoring is deafening. Within the sector, in the same EMTAK field "Muude üld- ja eriotstarbeliste masinate ja seadmete hulgimüük", 134 companies have been set up only to collect dust on a shelf (23.1% of the field).
If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, KAAS OÜ is nice and mellowed.
The company was set up by Loit Lubja and a seat on the board was taken up by mees Loit Lubja, in his/her midlife at 50 years old (b. 07.08.1969). Loit Lubja was a bigshot in business with few equals in Estonia experience-wise and could have put his/her 16 years of management experience gained at 4 to use here. Before taking the wheel at KAAS OÜ, he/she had headed RM GRUPP OÜ. But he/she could not or would not force the company to get cracking and has headed elsewhere. KAAS OÜ has seen 2 Prince(ss) Board Members come to the rescue, but their kiss has not been enough to break the spell, because the Sleeping Beauty has not stirred.
Board member Loit Lubja is a brilliant executive with 2 companies to run, all nice and proper, not in debt or anything! With Loit Lubja in charge, turnover reached 181 066 euros and companies produced a profit of 2 400 euros (in 2018).
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