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VMBS OÜ: Snooze Story

VMBS OÜ, from Harju County, was registered 11 years ago, during he boom years. The newborn venture did not utter a sound and is still fast asleep to this day, lying dormant in the portfolio of Märten Veedla.

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 "Spetsialiseerimata hulgikaubandus", 2 077 companies have been set up only to collect dust on a shelf (46.6% of the field).

If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, VMBS OÜ is old and grey.

The company was set up by N N and a seat on the board was taken up by naine Liis Männiste, in his/her midlife at 39 years old (b. 11.12.1980). Liis Männiste had already dipped a toe into the pool of business possibilities and could have put his/her 3 years of management experience gained at 48 to use here. Before taking the wheel at VMBS OÜ, he/she had headed HAKEP-TRANSPORT OÜ. But he/she could not or would not force the company to get cracking and is no longer at the helm of the company. VMBS OÜ has seen 5 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 Liis Männiste is a brilliant executive with 42 companies to run, all nice and proper, not in debt or anything! With Liis Männiste in charge, turnover reached 32 497 euros and companies produced a profit of 631 euros (in 2018).

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