VG HOLDING AS

Active Registry code 10063473 AS Võru linn Registered 7 Aug 1996
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VG HOLDING AS is a AS based in Võru linn, registry code 10063473, status: active. Main activity: Coating of metals. According to EMTA, turnover for Q3 2026 was €104 973 with 6 employees.

Turnover
104 973 €
↑ 12.0% vs Q2 2026
State taxes
31 342 €
↑ 17.7% vs Q2 2026
Labour taxes
9 163 €
↑ 4.8% vs Q2 2026
Employees
6
−1 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Manufacture of fabricated metal products, except machinery and equipment · EMTAK 25

  • Turnover · Q3 2026 104 973 €
    industry median 54 051 € · companies in the industry: 1 358
  • Labour taxes per employee 1 527 €
    industry median 1 944 € · companies in the industry: 1 121
  • Revenue · 2025 354 591 €
    industry median 71 144 € · companies in the industry: 1 712
  • Net profit margin · 2025 8.4 %
    industry median 3.4 % · companies in the industry: 1 414

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 104 973 € · +12.0% vs Q2 2026 · industry median 54 051 € · above 62% of the industry
0255075100125Q4 2023 Company: 95 987 € Industry median: 47 931 €Q4·23Q1 2024 Company: 83 826 € Industry median: 39 673 €Q2 2024 Company: 98 084 € Industry median: 43 108 €Q2·24Q3 2024 Company: 80 004 € Industry median: 46 432 €Q4 2024 Company: 80 013 € Industry median: 49 785 €Q4·24Q1 2025 Company: 78 494 € Industry median: 42 425 €Q2 2025 Company: 92 633 € Industry median: 50 007 €Q2·25Q3 2025 Company: 96 741 € Industry median: 48 528 €Q4 2025 Company: 99 794 € Industry median: 53 452 €Q4·25Q1 2026 Company: 67 930 € Industry median: 45 198 €Q2 2026 Company: 93 689 € Industry median: 54 700 €Q2·26Q3 2026 Company: 104 973 € Industry median: 54 051 €Q3·260255075100125Q4 2024 Company: 80 013 € Industry median: 49 785 €Q1 2025 Company: 78 494 € Industry median: 42 425 €Q1·25Q2 2025 Company: 92 633 € Industry median: 50 007 €Q3 2025 Company: 96 741 € Industry median: 48 528 €Q3·25Q4 2025 Company: 99 794 € Industry median: 53 452 €Q1 2026 Company: 67 930 € Industry median: 45 198 €Q1·26Q2 2026 Company: 93 689 € Industry median: 54 700 €Q3 2026 Company: 104 973 € Industry median: 54 051 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 1 527 € · +22.3% vs Q2 2026 · industry median 1 944 € · above 39% of the industry
01 0002 0003 000Q4 2023 Company: 1 230 € Industry median: 1 751 €Q4·23Q1 2024 Company: 1 090 € Industry median: 1 757 €Q2 2024 Company: 1 352 € Industry median: 1 735 €Q2·24Q3 2024 Company: 1 410 € Industry median: 1 864 €Q4 2024 Company: 2 543 € Industry median: 1 892 €Q4·24Q1 2025 Company: 1 243 € Industry median: 1 847 €Q2 2025 Company: 1 244 € Industry median: 1 858 €Q2·25Q3 2025 Company: 1 242 € Industry median: 1 902 €Q4 2025 Company: 1 490 € Industry median: 2 028 €Q4·25Q1 2026 Company: 1 679 € Industry median: 1 906 €Q2 2026 Company: 1 249 € Industry median: 1 845 €Q2·26Q3 2026 Company: 1 527 € Industry median: 1 944 €Q3·2601 0002 0003 000Q4 2024 Company: 2 543 € Industry median: 1 892 €Q1 2025 Company: 1 243 € Industry median: 1 847 €Q1·25Q2 2025 Company: 1 244 € Industry median: 1 858 €Q3 2025 Company: 1 242 € Industry median: 1 902 €Q3·25Q4 2025 Company: 1 490 € Industry median: 2 028 €Q1 2026 Company: 1 679 € Industry median: 1 906 €Q1·26Q2 2026 Company: 1 249 € Industry median: 1 845 €Q3 2026 Company: 1 527 € Industry median: 1 944 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 6 · −14.3% vs Q2 2026
03581013Q4 2023 Company: 10Q4·23Q1 2024 Company: 11Q2 2024 Company: 11Q2·24Q3 2024 Company: 8Q4 2024 Company: 5Q4·24Q1 2025 Company: 7Q2 2025 Company: 8Q2·25Q3 2025 Company: 9Q4 2025 Company: 8Q4·25Q1 2026 Company: 6Q2 2026 Company: 7Q2·26Q3 2026 Company: 6Q3·260246810Q4 2024 Company: 5Q1 2025 Company: 7Q1·25Q2 2025 Company: 8Q3 2025 Company: 9Q3·25Q4 2025 Company: 8Q1 2026 Company: 6Q1·26Q2 2026 Company: 7Q3 2026 Company: 6Q3·26
State taxes, € Q3 2026: 31 342 € · +17.7% vs Q2 2026
010 00020 00030 00040 000Q4 2023 Company: 25 570 €Q4·23Q1 2024 Company: 22 035 €Q2 2024 Company: 30 632 €Q2·24Q3 2024 Company: 20 985 €Q4 2024 Company: 20 137 €Q4·24Q1 2025 Company: 19 384 €Q2 2025 Company: 24 088 €Q2·25Q3 2025 Company: 29 306 €Q4 2025 Company: 27 328 €Q4·25Q1 2026 Company: 16 774 €Q2 2026 Company: 26 639 €Q2·26Q3 2026 Company: 31 342 €Q3·26010 00020 00030 00040 000Q4 2024 Company: 20 137 €Q1 2025 Company: 19 384 €Q1·25Q2 2025 Company: 24 088 €Q3 2025 Company: 29 306 €Q3·25Q4 2025 Company: 27 328 €Q1 2026 Company: 16 774 €Q1·26Q2 2026 Company: 26 639 €Q3 2026 Company: 31 342 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 104 973 31 342 9 163 6
Q2 2026 93 689 26 639 8 740 7
Q1 2026 67 930 16 774 10 074 6
Q4 2025 99 794 27 328 11 916 8
Q3 2025 96 741 29 306 11 174 9
Q2 2025 92 633 24 088 9 951 8
Q1 2025 78 494 19 384 8 703 7
Q4 2024 80 013 20 137 12 713 5
Q3 2024 80 004 20 985 11 279 8
Q2 2024 98 084 30 632 14 870 11
Q1 2024 83 826 22 035 11 993 11
Q4 2023 95 987 25 570 12 303 10
Q3 2023 102 015 30 313 12 204 11
Q2 2023 104 971 26 755 10 685 12
Q1 2023 86 711 22 736 10 577 9
Q4 2022 110 552 24 915 8 161 9
Q3 2022 102 165 21 182 9 399 9
Q2 2022 118 206 26 484 11 840 10
Q1 2022 138 691 33 969 13 713 11
Labour taxes per employee per month
509 €
Turnover per employee in the quarter
17 496 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 354 591 € · +11.2% vs 2024 · industry median 71 144 € · above 71% of the industry
01002003004005002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 299 888 € Industry median: 87 578 €20192020 Company: 253 182 € Industry median: 80 652 €20202021 Company: 444 258 € Industry median: 85 610 €20212022 Company: 417 513 € Industry median: 84 505 €20222023 Company: 352 886 € Industry median: 79 655 €20232024 Company: 318 864 € Industry median: 75 081 €20242025 Company: 354 591 € Industry median: 71 144 €202501002003004005002018 Company: — Industry median: —2019 Company: 299 888 € Industry median: 87 578 €20192020 Company: 253 182 € Industry median: 80 652 €2021 Company: 444 258 € Industry median: 85 610 €20212022 Company: 417 513 € Industry median: 84 505 €2023 Company: 352 886 € Industry median: 79 655 €20232024 Company: 318 864 € Industry median: 75 081 €2025 Company: 354 591 € Industry median: 71 144 €2025
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 29 816 € · +2 718.1% vs 2024 · industry median 904 € · above 80% of the industry
-75 000-50 000-25 000025 00050 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 16 977 € Industry median: 3 345 €20192020 Company: 14 903 € Industry median: 1 618 €20202021 Company: -62 619 € Industry median: 2 495 €20212022 Company: 47 723 € Industry median: 3 066 €20222023 Company: 27 310 € Industry median: 1 431 €20232024 Company: 1 058 € Industry median: 714 €20242025 Company: 29 816 € Industry median: 904 €2025-75 000-50 000-25 000025 00050 0002018 Company: — Industry median: —2019 Company: 16 977 € Industry median: 3 345 €20192020 Company: 14 903 € Industry median: 1 618 €2021 Company: -62 619 € Industry median: 2 495 €20212022 Company: 47 723 € Industry median: 3 066 €2023 Company: 27 310 € Industry median: 1 431 €20232024 Company: 1 058 € Industry median: 714 €2025 Company: 29 816 € Industry median: 904 €2025
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 8.4 % · +8.1 pp vs the year before · industry median 3.4 % · above 65% of the industry
-20-10010202016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 5.7 % Industry median: 4.9 %20192020 Company: 5.9 % Industry median: 3.7 %20202021 Company: -14.1 % Industry median: 4.4 %20212022 Company: 11.4 % Industry median: 5.1 %20222023 Company: 7.7 % Industry median: 4.2 %20232024 Company: 0.3 % Industry median: 2.9 %20242025 Company: 8.4 % Industry median: 3.4 %2025-20-10010202018 Company: — Industry median: —2019 Company: 5.7 % Industry median: 4.9 %20192020 Company: 5.9 % Industry median: 3.7 %2021 Company: -14.1 % Industry median: 4.4 %20212022 Company: 11.4 % Industry median: 5.1 %2023 Company: 7.7 % Industry median: 4.2 %20232024 Company: 0.3 % Industry median: 2.9 %2025 Company: 8.4 % Industry median: 3.4 %2025
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 387 211 € · −5.1% vs 2024
02004006008002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 656 440 €20192020 Company: 634 085 €20202021 Company: 525 658 €20212022 Company: 491 772 €20222023 Company: 425 535 €20232024 Company: 408 219 €20242025 Company: 387 211 €202502004006008002018 Company: —2019 Company: 656 440 €20192020 Company: 634 085 €2021 Company: 525 658 €20212022 Company: 491 772 €2023 Company: 425 535 €20232024 Company: 408 219 €2025 Company: 387 211 €2025
Equity, € thousand 2025: 240 036 € · −4.1% vs 2024
01002003004005002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 409 338 €20192020 Company: 424 241 €20202021 Company: 361 622 €20212022 Company: 309 346 €20222023 Company: 249 156 €20232024 Company: 250 214 €20242025 Company: 240 036 €202501002003004005002018 Company: —2019 Company: 409 338 €20192020 Company: 424 241 €2021 Company: 361 622 €20212022 Company: 309 346 €2023 Company: 249 156 €20232024 Company: 250 214 €2025 Company: 240 036 €2025
Employees 2025: 8 · −11.1% vs 2024 · industry median 3 · above 70% of the industry
035810132016 Company: 12 Industry median: —20162017 Company: 9 Industry median: —20172018 Company: 9 Industry median: 420182019 Company: 11 Industry median: 320192020 Company: 9 Industry median: 320202021 Company: 7 Industry median: 320212022 Company: 7 Industry median: 320222023 Company: 9 Industry median: 320232024 Company: 9 Industry median: 320242025 Company: 8 Industry median: 32025035810132018 Company: 9 Industry median: 42019 Company: 11 Industry median: 320192020 Company: 9 Industry median: 32021 Company: 7 Industry median: 320212022 Company: 7 Industry median: 32023 Company: 9 Industry median: 320232024 Company: 9 Industry median: 32025 Company: 8 Industry median: 32025
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Labour costs, € Assets, € Equity, € Employees
2025 354 591 29 816 127 875 387 211 240 036 8
2024 318 864 1 058 141 670 408 219 250 214 9
2023 352 886 27 310 134 476 425 535 249 156 9
2022 417 513 47 723 114 830 491 772 309 346 7
2021 444 258 -62 619 106 610 525 658 361 622 7
2020 253 182 14 903 105 847 634 085 424 241 9
2019 299 888 16 977 114 624 656 440 409 338 11
2018 — — — — — 9
2017 — — — — — 9
2016 — — — — — 12
2015 — — — — — 10
2014 — — — — — 12
2013 — — — — — 10
2012 — — — — — 8
2011 — — — — — 11
2010 — — — — — 11
2009 — — — — — 11
2008 — — — — — 22
2007 — — — — — 22
2006 — — — — — 22
2005 — — — — — 22
2004 — — — — — 24
2003 — — — — — 24
2002 — — — — — 24
2001 — — — — — 25
2000 — — — — — 32
1999 — — — — — 32
1998 — — — — — 32
1997 — — — — — 9

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin
8.4 %
Net profit / revenue
Return on equity (ROE)
12.4 %
Net profit / equity
Return on assets (ROA)
7.7 %
Net profit / assets
Equity ratio
62.0 %
Equity / assets
Debt ratio
38.0 %
Liabilities / assets
Current ratio
0.55
Current assets / current liabilities
Revenue per employee
44 324 €
Revenue / average full-time employees
Labour cost per employee per month
1 332 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 30 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 28 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 10 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 27 Aug 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Jun 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 3 Nov 2020 Company’s own · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
1 2 300 000 EEK Aktsiaselts SEB Eesti Ühispank 29 May 1997 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Igor Gorskov
    Board member (manager) · since 7 Aug 1996
  • Merike Gorškova
    Board member · since 24 Nov 1999

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 25511Coating of metals Main
Rulings
Number, date Title Deadline State Document
Ä 20001256 / M6
11 Mar 2022
Ruling to correct data outside an entry 10 Apr 2022 In force
11 Mar 2022
PDF
Ä 20001256 / 13
21 Feb 2018
Amendment entry In force
21 Feb 2018
PDF
Ä 20001256 / 12
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 20001256 / 11
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 20001256 / 10
15 Mar 2012
Amendment entry In force
15 Mar 2012
PDF
Ä 20001256 / M5
12 Mar 2012
Ruling to eliminate deficiencies 12 Apr 2012 In force
12 Mar 2012
PDF
Ä 20001256 / M4
6 Dec 2011
Ruling to eliminate deficiencies 6 Jan 2012 In force
6 Dec 2011
PDF
Ä 1256 / 9
3 Dec 2008
Deletion of activities from the registry card In force
22 Dec 2008
PDF
K 6086 / 3
6 Dec 2005
Compliance with Commercial Code § 33 (7.1) In force PDF
K 6086 / 2
2 Jun 2005
Compliance with Commercial Code § 33 (7.1) In force PDF
Ä 1256 / 8
31 May 2005
Amendment entry In force PDF
Ä 1256 / M3
6 Apr 2005
Ruling to eliminate deficiencies (to be served) In force PDF
Ä 1256 / 7
4 Nov 2003
Amendment entry In force PDF
Ä 1256 / 6
30 Sep 2002
Entry decision on the register’s own initiative In force PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data