aktsiaselts Kulbert

Active Registry code 10064917 AS Tallinn Registered 27 Aug 1996
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aktsiaselts Kulbert is a AS based in Tallinn, registry code 10064917, status: active. Main activity: Wholesale of office machinery and equipment. According to EMTA, turnover for Q3 2026 was €1 628 373 with 11 employees.

Turnover
1 628 373 €
↓ 23.0% vs Q2 2026
State taxes
106 711 €
↓ 8.7% vs Q2 2026
Labour taxes
29 104 €
↑ 6.8% vs Q2 2026
Employees
11
±0 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

  • Turnover · Q3 2026 1.6 mn €
    industry median 60 065 € · companies in the industry: 6 941
  • Labour taxes per employee 2 646 €
    industry median 2 104 € · companies in the industry: 4 194
  • Revenue · 2025 3 mn €
    industry median 63 691 € · companies in the industry: 10 038
  • Net profit margin · 2025 0.9 %
    industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 628 373 € · −23.0% vs Q2 2026 · industry median 60 065 € · above 91% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 1 343 652 € Industry median: 69 842 €Q4·23Q1 2024 Company: 1 446 268 € Industry median: 60 423 €Q2 2024 Company: 1 150 525 € Industry median: 66 207 €Q2·24Q3 2024 Company: 1 827 357 € Industry median: 63 101 €Q4 2024 Company: 1 190 337 € Industry median: 65 867 €Q4·24Q1 2025 Company: 882 150 € Industry median: 59 713 €Q2 2025 Company: 912 467 € Industry median: 61 800 €Q2·25Q3 2025 Company: 1 260 302 € Industry median: 59 911 €Q4 2025 Company: 1 820 512 € Industry median: 59 583 €Q4·25Q1 2026 Company: 1 573 146 € Industry median: 53 954 €Q2 2026 Company: 2 114 212 € Industry median: 61 600 €Q2·26Q3 2026 Company: 1 628 373 € Industry median: 60 065 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 190 337 € Industry median: 65 867 €Q1 2025 Company: 882 150 € Industry median: 59 713 €Q1·25Q2 2025 Company: 912 467 € Industry median: 61 800 €Q3 2025 Company: 1 260 302 € Industry median: 59 911 €Q3·25Q4 2025 Company: 1 820 512 € Industry median: 59 583 €Q1 2026 Company: 1 573 146 € Industry median: 53 954 €Q1·26Q2 2026 Company: 2 114 212 € Industry median: 61 600 €Q3 2026 Company: 1 628 373 € Industry median: 60 065 €Q3·26
  • Company
  • Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 646 € · +6.8% vs Q2 2026 · industry median 2 104 € · above 59% of the industry
01 0002 0003 000Q4 2023 Company: 2 148 € Industry median: 1 903 €Q4·23Q1 2024 Company: 2 449 € Industry median: 1 948 €Q2 2024 Company: 2 379 € Industry median: 1 960 €Q2·24Q3 2024 Company: 2 442 € Industry median: 2 029 €Q4 2024 Company: 2 490 € Industry median: 2 008 €Q4·24Q1 2025 Company: 2 608 € Industry median: 2 079 €Q2 2025 Company: 2 614 € Industry median: 2 091 €Q2·25Q3 2025 Company: 2 652 € Industry median: 2 158 €Q4 2025 Company: 2 790 € Industry median: 2 169 €Q4·25Q1 2026 Company: 2 617 € Industry median: 2 089 €Q2 2026 Company: 2 478 € Industry median: 2 068 €Q2·26Q3 2026 Company: 2 646 € Industry median: 2 104 €Q3·2601 0002 0003 000Q4 2024 Company: 2 490 € Industry median: 2 008 €Q1 2025 Company: 2 608 € Industry median: 2 079 €Q1·25Q2 2025 Company: 2 614 € Industry median: 2 091 €Q3 2025 Company: 2 652 € Industry median: 2 158 €Q3·25Q4 2025 Company: 2 790 € Industry median: 2 169 €Q1 2026 Company: 2 617 € Industry median: 2 089 €Q1·26Q2 2026 Company: 2 478 € Industry median: 2 068 €Q3 2026 Company: 2 646 € Industry median: 2 104 €Q3·26
  • Company
  • Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 11 · +0.0% vs Q2 2026
03581013Q4 2023 Company: 11Q4·23Q1 2024 Company: 11Q2 2024 Company: 11Q2·24Q3 2024 Company: 11Q4 2024 Company: 11Q4·24Q1 2025 Company: 11Q2 2025 Company: 11Q2·25Q3 2025 Company: 11Q4 2025 Company: 11Q4·25Q1 2026 Company: 11Q2 2026 Company: 11Q2·26Q3 2026 Company: 11Q3·2603581013Q4 2024 Company: 11Q1 2025 Company: 11Q1·25Q2 2025 Company: 11Q3 2025 Company: 11Q3·25Q4 2025 Company: 11Q1 2026 Company: 11Q1·26Q2 2026 Company: 11Q3 2026 Company: 11Q3·26
State taxes, € thousand Q3 2026: 106 711 € · −8.7% vs Q2 2026
050100150200250Q4 2023 Company: 162 806 €Q4·23Q1 2024 Company: 163 267 €Q2 2024 Company: 151 079 €Q2·24Q3 2024 Company: 242 413 €Q4 2024 Company: 132 215 €Q4·24Q1 2025 Company: 142 530 €Q2 2025 Company: 139 160 €Q2·25Q3 2025 Company: 152 256 €Q4 2025 Company: 187 975 €Q4·25Q1 2026 Company: 157 436 €Q2 2026 Company: 116 823 €Q2·26Q3 2026 Company: 106 711 €Q3·26050100150200Q4 2024 Company: 132 215 €Q1 2025 Company: 142 530 €Q1·25Q2 2025 Company: 139 160 €Q3 2025 Company: 152 256 €Q3·25Q4 2025 Company: 187 975 €Q1 2026 Company: 157 436 €Q1·26Q2 2026 Company: 116 823 €Q3 2026 Company: 106 711 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 1 628 373 106 711 29 104 11
Q2 2026 2 114 212 116 823 27 254 11
Q1 2026 1 573 146 157 436 28 784 11
Q4 2025 1 820 512 187 975 30 687 11
Q3 2025 1 260 302 152 256 29 167 11
Q2 2025 912 467 139 160 28 758 11
Q1 2025 882 150 142 530 28 688 11
Q4 2024 1 190 337 132 215 27 389 11
Q3 2024 1 827 357 242 413 26 859 11
Q2 2024 1 150 525 151 079 26 165 11
Q1 2024 1 446 268 163 267 26 939 11
Q4 2023 1 343 652 162 806 23 627 11
Q3 2023 969 731 117 535 23 254 11
Q2 2023 992 374 104 872 25 864 11
Q1 2023 1 107 018 170 136 39 081 12
Q4 2022 2 613 421 293 701 34 676 13
Q3 2022 1 670 933 180 998 27 849 13
Q2 2022 2 097 236 232 510 28 656 12
Q1 2022 1 767 006 204 715 33 517 13
Labour taxes per employee per month
882 €
Turnover per employee in the quarter
148 034 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 2 982 772 € · +4.1% vs 2024 · industry median 63 691 € · above 91% of the industry
02 0004 0006 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 4 185 925 € Industry median: 78 948 €20192020 Company: 5 099 097 € Industry median: 67 913 €20202021 Company: 4 097 339 € Industry median: 71 656 €20212022 Company: 4 461 036 € Industry median: 75 397 €20222023 Company: 2 588 238 € Industry median: 63 715 €20232024 Company: 2 866 438 € Industry median: 60 216 €20242025 Company: 2 982 772 € Industry median: 63 691 €202502 0004 0006 0002018 Company: — Industry median: —2019 Company: 4 185 925 € Industry median: 78 948 €20192020 Company: 5 099 097 € Industry median: 67 913 €2021 Company: 4 097 339 € Industry median: 71 656 €20212022 Company: 4 461 036 € Industry median: 75 397 €2023 Company: 2 588 238 € Industry median: 63 715 €20232024 Company: 2 866 438 € Industry median: 60 216 €2025 Company: 2 982 772 € Industry median: 63 691 €2025
  • Company
  • Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 27 067 € · −78.1% vs 2024 · industry median 127 € · above 78% of the industry
0501001502002502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 70 212 € Industry median: 1 086 €20192020 Company: 99 287 € Industry median: 906 €20202021 Company: 144 554 € Industry median: 1 415 €20212022 Company: 208 168 € Industry median: 889 €20222023 Company: 54 310 € Industry median: 370 €20232024 Company: 123 556 € Industry median: 134 €20242025 Company: 27 067 € Industry median: 127 €20250501001502002502018 Company: — Industry median: —2019 Company: 70 212 € Industry median: 1 086 €20192020 Company: 99 287 € Industry median: 906 €2021 Company: 144 554 € Industry median: 1 415 €20212022 Company: 208 168 € Industry median: 889 €2023 Company: 54 310 € Industry median: 370 €20232024 Company: 123 556 € Industry median: 134 €2025 Company: 27 067 € Industry median: 127 €2025
  • Company
  • Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 0.9 % · −3.4 pp vs the year before · industry median 2.7 % · above 39% of the industry
0123452016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1.7 % Industry median: 3.7 %20192020 Company: 1.9 % Industry median: 4.2 %20202021 Company: 3.5 % Industry median: 4.9 %20212022 Company: 4.7 % Industry median: 4.2 %20222023 Company: 2.1 % Industry median: 3.5 %20232024 Company: 4.3 % Industry median: 2.9 %20242025 Company: 0.9 % Industry median: 2.7 %20250123452018 Company: — Industry median: —2019 Company: 1.7 % Industry median: 3.7 %20192020 Company: 1.9 % Industry median: 4.2 %2021 Company: 3.5 % Industry median: 4.9 %20212022 Company: 4.7 % Industry median: 4.2 %2023 Company: 2.1 % Industry median: 3.5 %20232024 Company: 4.3 % Industry median: 2.9 %2025 Company: 0.9 % Industry median: 2.7 %2025
  • Company
  • Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 1 725 454 € · −0.9% vs 2024
05001 0001 5002 0002 5002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 847 581 €20192020 Company: 1 866 983 €20202021 Company: 2 087 466 €20212022 Company: 1 690 525 €20222023 Company: 1 717 596 €20232024 Company: 1 741 879 €20242025 Company: 1 725 454 €202505001 0001 5002 0002 5002018 Company: —2019 Company: 1 847 581 €20192020 Company: 1 866 983 €2021 Company: 2 087 466 €20212022 Company: 1 690 525 €2023 Company: 1 717 596 €20232024 Company: 1 741 879 €2025 Company: 1 725 454 €2025
Equity, € thousand 2025: 1 597 679 € · +1.7% vs 2024
05001 0001 5002 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 572 267 €20192020 Company: 1 671 557 €20202021 Company: 1 816 111 €20212022 Company: 1 393 012 €20222023 Company: 1 447 056 €20232024 Company: 1 570 612 €20242025 Company: 1 597 679 €202505001 0001 5002 0002018 Company: —2019 Company: 1 572 267 €20192020 Company: 1 671 557 €2021 Company: 1 816 111 €20212022 Company: 1 393 012 €2023 Company: 1 447 056 €20232024 Company: 1 570 612 €2025 Company: 1 597 679 €2025
Employees 2025: 10 · +0.0% vs 2024 · industry median 2 · above 88% of the industry
051015202016 Company: 16 Industry median: —20162017 Company: 16 Industry median: —20172018 Company: 15 Industry median: 220182019 Company: 15 Industry median: 220192020 Company: 15 Industry median: 220202021 Company: 15 Industry median: 220212022 Company: 14 Industry median: 220222023 Company: 10 Industry median: 220232024 Company: 10 Industry median: 220242025 Company: 10 Industry median: 220250510152018 Company: 15 Industry median: 22019 Company: 15 Industry median: 220192020 Company: 15 Industry median: 22021 Company: 15 Industry median: 220212022 Company: 14 Industry median: 22023 Company: 10 Industry median: 220232024 Company: 10 Industry median: 22025 Company: 10 Industry median: 22025
  • Company
  • Industry median

Industry: Wholesale trade (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 2 982 772 27 067 282 596 1 725 454 1 597 679 10
2024 2 866 438 123 556 266 494 1 741 879 1 570 612 10
2023 2 588 238 54 310 247 236 1 717 596 1 447 056 10
2022 4 461 036 208 168 323 568 1 690 525 1 393 012 14
2021 4 097 339 144 554 262 587 2 087 466 1 816 111 15
2020 5 099 097 99 287 300 912 1 866 983 1 671 557 15
2019 4 185 925 70 212 334 124 1 847 581 1 572 267 15
2018 — — — — — 15
2017 — — — — — 16
2016 — — — — — 16
2015 — — — — — 16
2014 — — — — — 16
2013 — — — — — 17
2012 — — — — — 17
2011 — — — — — 15
2010 — — — — — 15
2009 — — — — — 15
2008 — — — — — 15
2007 — — — — — 15
2006 — — — — — 13
2005 — — — — — 11
2004 — — — — — 10
2003 — — — — — 9
2002 — — — — — 8
2001 — — — — — 8
2000 — — — — — 8
1999 — — — — — 6
1998 — — — — — 5
1997 — — — — — 5

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
0.9 %
Net profit / revenue
Return on equity (ROE)
1.7 %
Net profit / equity
Return on assets (ROA)
1.6 %
Net profit / assets
Equity ratio
92.6 %
Equity / assets
Debt ratio
7.4 %
Liabilities / assets
Current ratio
11.30
Current assets / current liabilities
Revenue per employee
298 277 €
Revenue / average full-time employees
Labour cost per employee per month
2 355 €
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 · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 29 May 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 2 May 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 17 Jun 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 30 Jun 2020 Company’s own · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
3 200 000 € AS SEB Pank 14 Feb 2013 – in force
2 1 000 000 EEK Aktsiaselts SEB Eesti Ühispank 1 Mar 2006 – in force
1 4 200 000 EEK Aktsiaselts Eesti Ühispank 17 Oct 1997 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Marika Karu
    Board member · since 3 Oct 2023

Right of representation

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)

  • 46502Wholesale of office machinery and equipment Main
  • 77331Rental and leasing of office machinery, equipment and computers
Rulings
Number, date Title Deadline State Document
Ä 10003944 / 20
17 Oct 2023
Amendment entry In force
17 Oct 2023
PDF
Ä 10003944 / 19
3 Oct 2023
Amendment entry In force
3 Oct 2023
PDF
Ä 10003944 / 18
27 Dec 2022
Division entry (second, constitutive) In force
27 Dec 2022
PDF
Ä 10003944 / M5
21 Dec 2022
Ruling to eliminate deficiencies 20 Jan 2023 Deficiencies eliminated
27 Dec 2022
PDF
Ä 10003944 / 17
17 Apr 2018
Amendment entry In force
17 Apr 2018
PDF
Ä 10003944 / 16
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10003944 / 15
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10003944 / 14
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10003944 / 13
15 Sep 2016
Amendment entry In force
15 Sep 2016
PDF
K 10003944 / 12
14 Feb 2013
Commercial pledge entered In force
14 Feb 2013
PDF
Ä 10003944 / 11
12 Jul 2011
Amendment entry In force
12 Jul 2011
PDF
Ä 10003944 / M4
13 May 2011
Ruling to eliminate deficiencies 30 Jun 2011 In force
13 May 2011
PDF
Ä 3944 / 10
3 Dec 2008
Deletion of activities from the registry card In force
15 Dec 2008
PDF
Ä 3944 / M3
23 May 2006
Ruling to be served In force
29 May 2006
PDF
K 18715 / 4
1 Mar 2006
Commercial pledge entered In force
1 Mar 2006
PDF
Ä 3944 / 9
13 Dec 2005
Amendment entry In force PDF
Ä 3944 / 8
13 Oct 2004
Amendment entry In force PDF
Ä 3944 / M2
29 Sep 2004
Ruling to eliminate deficiencies (to be served) In force PDF
Ä 3944 / 7
4 Aug 2004
Amendment entry In force PDF
Ä 3944 / 6
5 Mar 2004
Amendment entry In force PDF
Ä 3944 / 5
2 May 2003
Amendment entry In force PDF
Ä 3944 / M1
17 Apr 2003
Ruling to eliminate deficiencies (to be served) 30 May 2003 In force PDF
Ä 3944 / 4
30 Sep 2002
Entry decision on the register’s own initiative In force PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data