Aktsiaselts Kurmet

Active Registry code 10101860 AS Tallinn Registered 19 Nov 1996
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Aktsiaselts Kurmet is a AS based in Tallinn, registry code 10101860, status: active. Main activity: Manufacture of corrugated paper, paperboard and containers of paper and paperboard. According to EMTA, turnover for Q3 2026 was €272 963 with 6 employees.

Turnover
272 963 €
↓ 18.1% vs Q2 2026
State taxes
49 006 €
↓ 10.6% vs Q2 2026
Labour taxes
14 263 €
↑ 5.7% 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 paper and paper products · EMTAK 17

  • Turnover · Q3 2026 272 963 €
    industry median 162 684 € · companies in the industry: 49
  • Labour taxes per employee 2 377 €
    industry median 2 377 € · companies in the industry: 43
  • Revenue · 2025 813 271 €
    industry median 187 145 € · companies in the industry: 61
  • Net profit margin · 2025 0.8 %
    industry median 3.1 % · companies in the industry: 47

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 272 963 € · −18.1% vs Q2 2026 · industry median 162 684 € · above 64% of the industry
0100200300400Q4 2023 Company: 293 093 € Industry median: 146 679 €Q4·23Q1 2024 Company: 243 786 € Industry median: 145 410 €Q2 2024 Company: 312 968 € Industry median: 186 410 €Q2·24Q3 2024 Company: 290 675 € Industry median: 158 704 €Q4 2024 Company: 319 151 € Industry median: 193 916 €Q4·24Q1 2025 Company: 331 110 € Industry median: 178 996 €Q2 2025 Company: 364 419 € Industry median: 171 068 €Q2·25Q3 2025 Company: 310 483 € Industry median: 133 790 €Q4 2025 Company: 289 682 € Industry median: 184 739 €Q4·25Q1 2026 Company: 250 158 € Industry median: 141 792 €Q2 2026 Company: 333 167 € Industry median: 176 801 €Q2·26Q3 2026 Company: 272 963 € Industry median: 162 684 €Q3·260100200300400Q4 2024 Company: 319 151 € Industry median: 193 916 €Q1 2025 Company: 331 110 € Industry median: 178 996 €Q1·25Q2 2025 Company: 364 419 € Industry median: 171 068 €Q3 2025 Company: 310 483 € Industry median: 133 790 €Q3·25Q4 2025 Company: 289 682 € Industry median: 184 739 €Q1 2026 Company: 250 158 € Industry median: 141 792 €Q1·26Q2 2026 Company: 333 167 € Industry median: 176 801 €Q3 2026 Company: 272 963 € Industry median: 162 684 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of paper and paper products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 377 € · +23.4% vs Q2 2026 · industry median 2 377 € · above 50% of the industry
01 0002 0003 0004 000Q4 2023 Company: 1 938 € Industry median: 2 270 €Q4·23Q1 2024 Company: 2 623 € Industry median: 2 394 €Q2 2024 Company: 1 813 € Industry median: 2 234 €Q2·24Q3 2024 Company: 1 946 € Industry median: 2 219 €Q4 2024 Company: 1 847 € Industry median: 2 184 €Q4·24Q1 2025 Company: 2 001 € Industry median: 2 500 €Q2 2025 Company: 2 042 € Industry median: 2 429 €Q2·25Q3 2025 Company: 2 088 € Industry median: 2 346 €Q4 2025 Company: 3 029 € Industry median: 2 441 €Q4·25Q1 2026 Company: 2 419 € Industry median: 2 293 €Q2 2026 Company: 1 927 € Industry median: 2 298 €Q2·26Q3 2026 Company: 2 377 € Industry median: 2 377 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 1 847 € Industry median: 2 184 €Q1 2025 Company: 2 001 € Industry median: 2 500 €Q1·25Q2 2025 Company: 2 042 € Industry median: 2 429 €Q3 2025 Company: 2 088 € Industry median: 2 346 €Q3·25Q4 2025 Company: 3 029 € Industry median: 2 441 €Q1 2026 Company: 2 419 € Industry median: 2 293 €Q1·26Q2 2026 Company: 1 927 € Industry median: 2 298 €Q3 2026 Company: 2 377 € Industry median: 2 377 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of paper and paper products (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
0246810Q4 2023 Company: 9Q4·23Q1 2024 Company: 8Q2 2024 Company: 8Q2·24Q3 2024 Company: 8Q4 2024 Company: 8Q4·24Q1 2025 Company: 8Q2 2025 Company: 8Q2·25Q3 2025 Company: 8Q4 2025 Company: 6Q4·25Q1 2026 Company: 6Q2 2026 Company: 7Q2·26Q3 2026 Company: 6Q3·2602468Q4 2024 Company: 8Q1 2025 Company: 8Q1·25Q2 2025 Company: 8Q3 2025 Company: 8Q3·25Q4 2025 Company: 6Q1 2026 Company: 6Q1·26Q2 2026 Company: 7Q3 2026 Company: 6Q3·26
State taxes, € Q3 2026: 49 006 € · −10.6% vs Q2 2026
020 00040 00060 000Q4 2023 Company: 49 569 €Q4·23Q1 2024 Company: 56 318 €Q2 2024 Company: 40 356 €Q2·24Q3 2024 Company: 47 011 €Q4 2024 Company: 52 806 €Q4·24Q1 2025 Company: 49 037 €Q2 2025 Company: 55 906 €Q2·25Q3 2025 Company: 53 703 €Q4 2025 Company: 56 373 €Q4·25Q1 2026 Company: 45 226 €Q2 2026 Company: 54 816 €Q2·26Q3 2026 Company: 49 006 €Q3·26020 00040 00060 000Q4 2024 Company: 52 806 €Q1 2025 Company: 49 037 €Q1·25Q2 2025 Company: 55 906 €Q3 2025 Company: 53 703 €Q3·25Q4 2025 Company: 56 373 €Q1 2026 Company: 45 226 €Q1·26Q2 2026 Company: 54 816 €Q3 2026 Company: 49 006 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 272 963 49 006 14 263 6
Q2 2026 333 167 54 816 13 490 7
Q1 2026 250 158 45 226 14 513 6
Q4 2025 289 682 56 373 18 172 6
Q3 2025 310 483 53 703 16 703 8
Q2 2025 364 419 55 906 16 336 8
Q1 2025 331 110 49 037 16 006 8
Q4 2024 319 151 52 806 14 772 8
Q3 2024 290 675 47 011 15 566 8
Q2 2024 312 968 40 356 14 505 8
Q1 2024 243 786 56 318 20 980 8
Q4 2023 293 093 49 569 17 439 9
Q3 2023 286 192 50 230 18 566 9
Q2 2023 335 779 49 824 19 147 9
Q1 2023 338 525 48 165 17 892 10
Q4 2022 347 308 54 596 18 193 11
Q3 2022 251 105 40 177 17 641 11
Q2 2022 325 482 44 608 25 048 11
Q1 2022 186 448 28 730 20 089 11
Labour taxes per employee per month
792 €
Turnover per employee in the quarter
45 494 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 813 271 € · +9.6% vs 2024 · industry median 187 145 € · above 70% of the industry
02004006008001 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 870 624 € Industry median: 248 086 €20192020 Company: 764 779 € Industry median: 232 316 €20202021 Company: 885 978 € Industry median: 226 659 €20212022 Company: 872 620 € Industry median: 255 068 €20222023 Company: 803 369 € Industry median: 145 554 €20232024 Company: 741 974 € Industry median: 131 691 €20242025 Company: 813 271 € Industry median: 187 145 €202502004006008001 0002018 Company: — Industry median: —2019 Company: 870 624 € Industry median: 248 086 €20192020 Company: 764 779 € Industry median: 232 316 €2021 Company: 885 978 € Industry median: 226 659 €20212022 Company: 872 620 € Industry median: 255 068 €2023 Company: 803 369 € Industry median: 145 554 €20232024 Company: 741 974 € Industry median: 131 691 €2025 Company: 813 271 € Industry median: 187 145 €2025
  • Company
  • Industry median

Industry: Manufacture of paper and paper products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 6 802 € · −44.1% vs 2024 · industry median 772 € · above 55% of the industry
010 00020 00030 00040 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 9 400 € Industry median: 2 604 €20192020 Company: 11 603 € Industry median: 2 644 €20202021 Company: 16 045 € Industry median: 9 232 €20212022 Company: 31 934 € Industry median: 5 522 €20222023 Company: 6 667 € Industry median: 314 €20232024 Company: 12 171 € Industry median: 2 123 €20242025 Company: 6 802 € Industry median: 772 €2025010 00020 00030 00040 0002018 Company: — Industry median: —2019 Company: 9 400 € Industry median: 2 604 €20192020 Company: 11 603 € Industry median: 2 644 €2021 Company: 16 045 € Industry median: 9 232 €20212022 Company: 31 934 € Industry median: 5 522 €2023 Company: 6 667 € Industry median: 314 €20232024 Company: 12 171 € Industry median: 2 123 €2025 Company: 6 802 € Industry median: 772 €2025
  • Company
  • Industry median

Industry: Manufacture of paper and paper products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 0.8 % · −0.8 pp vs the year before · industry median 3.1 % · above 35% of the industry
024682016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1.1 % Industry median: 2.5 %20192020 Company: 1.5 % Industry median: 4.7 %20202021 Company: 1.8 % Industry median: 5.0 %20212022 Company: 3.7 % Industry median: 6.2 %20222023 Company: 0.8 % Industry median: 2.0 %20232024 Company: 1.6 % Industry median: 3.4 %20242025 Company: 0.8 % Industry median: 3.1 %2025024682018 Company: — Industry median: —2019 Company: 1.1 % Industry median: 2.5 %20192020 Company: 1.5 % Industry median: 4.7 %2021 Company: 1.8 % Industry median: 5.0 %20212022 Company: 3.7 % Industry median: 6.2 %2023 Company: 0.8 % Industry median: 2.0 %20232024 Company: 1.6 % Industry median: 3.4 %2025 Company: 0.8 % Industry median: 3.1 %2025
  • Company
  • Industry median

Industry: Manufacture of paper and paper products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 356 731 € · −10.7% vs 2024
01002003004002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 289 054 €20192020 Company: 277 873 €20202021 Company: 327 389 €20212022 Company: 331 137 €20222023 Company: 378 156 €20232024 Company: 399 586 €20242025 Company: 356 731 €202501002003004002018 Company: —2019 Company: 289 054 €20192020 Company: 277 873 €2021 Company: 327 389 €20212022 Company: 331 137 €2023 Company: 378 156 €20232024 Company: 399 586 €2025 Company: 356 731 €2025
Equity, € thousand 2025: 155 024 € · +4.4% vs 2024
0501001502002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 85 024 €20192020 Company: 90 628 €20202021 Company: 103 673 €20212022 Company: 129 607 €20222023 Company: 136 274 €20232024 Company: 148 444 €20242025 Company: 155 024 €20250501001502002018 Company: —2019 Company: 85 024 €20192020 Company: 90 628 €2021 Company: 103 673 €20212022 Company: 129 607 €2023 Company: 136 274 €20232024 Company: 148 444 €2025 Company: 155 024 €2025
Employees 2025: 8 · −11.1% vs 2024 · industry median 5 · above 60% of the industry
0510152016 Company: 13 Industry median: —20162017 Company: 13 Industry median: —20172018 Company: 14 Industry median: 820182019 Company: 14 Industry median: 720192020 Company: 14 Industry median: 620202021 Company: 14 Industry median: 520212022 Company: 11 Industry median: 720222023 Company: 9 Industry median: 620232024 Company: 9 Industry median: 520242025 Company: 8 Industry median: 520250510152018 Company: 14 Industry median: 82019 Company: 14 Industry median: 720192020 Company: 14 Industry median: 62021 Company: 14 Industry median: 520212022 Company: 11 Industry median: 72023 Company: 9 Industry median: 620232024 Company: 9 Industry median: 52025 Company: 8 Industry median: 52025
  • Company
  • Industry median

Industry: Manufacture of paper and paper products (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 813 271 6 802 173 785 356 731 155 024 8
2024 741 974 12 171 169 358 399 586 148 444 9
2023 803 369 6 667 196 499 378 156 136 274 9
2022 872 620 31 934 212 033 331 137 129 607 11
2021 885 978 16 045 217 273 327 389 103 673 14
2020 764 779 11 603 201 418 277 873 90 628 14
2019 870 624 9 400 228 603 289 054 85 024 14
2018 — — — — — 14
2017 — — — — — 13
2016 — — — — — 13
2015 — — — — — 14
2014 — — — — — 14
2013 — — — — — 16
2012 — — — — — 14
2011 — — — — — 16
2010 — — — — — 16
2009 — — — — — 0
2008 — — — — — 14
2007 — — — — — 16
2006 — — — — — 16
2005 — — — — — 17
2004 — — — — — 16
2003 — — — — — 17
2002 — — — — — 20
2001 — — — — — 21
2000 — — — — — 15
1999 — — — — — 11

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
0.8 %
Net profit / revenue
Return on equity (ROE)
4.4 %
Net profit / equity
Return on assets (ROA)
1.9 %
Net profit / assets
Equity ratio
43.5 %
Equity / assets
Debt ratio
56.5 %
Liabilities / assets
Current ratio
1.96
Current assets / current liabilities
Revenue per employee
101 659 €
Revenue / average full-time employees
Labour cost per employee per month
1 810 €
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 6 Jul 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 5 Jul 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 1 Jul 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 28 Jul 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 1 Oct 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 29 Oct 2020 Company’s own e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Tõnu Kurnim
    Board member · since 19 Nov 1996

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

Activities (EMTAK)

  • 17211Manufacture of corrugated paper, paperboard and containers of paper and paperboard Main
Rulings
Number, date Title Deadline State Document
Ä 10006721 / 11
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10006721 / 10
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10006721 / 9
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10006721 / 8
29 Sep 2016
Amendment entry In force
29 Sep 2016
PDF
Ä 10006721 / M7
30 Dec 2013
Ruling to correct data outside an entry 29 Jan 2014 Deficiencies eliminated
3 Jan 2014
PDF
Ä 10006721 / 7
11 Apr 2012
Entry refused: deficiencies not eliminated In force
30 May 2012
PDF
Ä 10006721 / M6
27 Feb 2012
Ruling to eliminate deficiencies 10 Apr 2012 In force
27 Feb 2012
PDF
Ä 10006721 / 6
25 Jan 2012
Entry refused: deficiencies not eliminated In force
22 Feb 2012
PDF
Ä 6721 / 5
3 Dec 2008
Deletion of activities from the registry card In force
3 Dec 2008
PDF
Ä 6721 / M5
30 Jan 2008
Warning of deletion from the register: annual report not filed Deficiencies eliminated
7 Mar 2008
PDF
Ä 6721 / M4
28 Sep 2007
Fine for not filing the report In force
16 Oct 2007
PDF
Ä 6721 / M3
26 Sep 2006
Fine for not filing the report 22 Nov 2006 Deficiencies eliminated
21 Oct 2006
PDF
Ä 6721 / M2
1 Sep 2006
Ruling to be served 19 Oct 2006 In force
18 Sep 2006
PDF
Ä 6721 / 4
25 Jun 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