Aktsiaselts ESTONIA Klaverivabrik

Active Registry code 10103095 AS Tallinn Registered 29 Nov 1996

Aktsiaselts ESTONIA Klaverivabrik is a AS based in Tallinn, registry code 10103095, status: active. Main activity: Manufacture of musical instruments. According to EMTA, turnover for Q3 2026 was €285 862 with 25 employees.

Turnover

285 862 €

↓ 19.0% vs Q2 2026

State taxes

83 155 €

↓ 1.6% vs Q2 2026

Labour taxes

86 872 €

↑ 7.2% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Other manufacturing · EMTAK 32

Turnover · Q3 2026 285 862 €

above 87% of companies

industry median 22 261 € · companies in the industry: 304
Labour taxes per employee 3 475 €

above 80% of companies

industry median 1 664 € · companies in the industry: 293
Revenue · 2025 1.3 mn €

above 98% of companies

industry median 15 630 € · companies in the industry: 668
Net profit margin · 2025 3.5 %

above 46% of companies

industry median 4.9 % · companies in the industry: 476

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 285 862 € · −19.0% vs Q2 2026 · industry median 22 261 € · above 87% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 3 475 € · +11.5% vs Q2 2026 · industry median 1 664 € · above 80% of the industry

Company
Industry median

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

Employees Q3 2026: 25 · −3.8% vs Q2 2026

State taxes, € thousand Q3 2026: 83 155 € · −1.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	285 862	83 155	86 872	25
Q2 2026	352 852	84 491	81 016	26
Q1 2026	518 267	99 495	83 601	27
Q4 2025	241 763	87 553	88 272	26
Q3 2025	316 463	100 001	102 793	30
Q2 2025	633 867	107 609	106 379	31
Q1 2025	354 882	113 342	111 204	35
Q4 2024	850 761	108 194	106 122	35
Q3 2024	422 849	120 663	117 542	34
Q2 2024	884 708	121 051	113 304	35
Q1 2024	1 041 093	107 189	109 831	36
Q4 2023	591 553	104 570	108 738	37
Q3 2023	702 155	109 344	115 000	37
Q2 2023	717 447	104 159	109 576	39
Q1 2023	1 279 292	102 400	106 311	38
Q4 2022	855 350	103 635	107 055	38
Q3 2022	1 067 515	150 597	109 629	37
Q2 2022	557 892	93 951	99 199	37
Q1 2022	707 703	93 106	96 930	36

Labour taxes per employee per month

1 158 €

Turnover per employee in the quarter

11 434 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 1 289 434 € · −43.5% vs 2024 · industry median 15 630 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 45 210 € · −10.8% vs 2024 · industry median 82 € · above 90% of the industry

Company
Industry median

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

Net profit margin, % 2025: 3.5 % · +1.3 pp vs the year before · industry median 4.9 % · above 46% of the industry

Company
Industry median

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

Assets, € thousand 2025: 7 405 449 € · −2.0% vs 2024

Equity, € thousand 2025: 6 661 399 € · −3.6% vs 2024

Employees 2025: 27 · −22.9% vs 2024 · industry median 2 · above 95% of the industry

Company
Industry median

Industry: Other manufacturing (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	1 289 434	45 210	898 104	7 405 449	6 661 399	27
2024	2 281 341	50 675	1 038 972	7 556 044	6 910 099	35
2023	2 578 024	7 304	1 095 316	7 638 079	6 859 439	35
2022	2 826 174	7 039	1 045 836	7 726 268	6 852 135	39
2021	2 162 218	236 277	898 326	7 679 528	6 764 304	35
2020	1 798 634	450 725	800 735	7 294 582	6 528 027	34
2019	2 043 179	87 277	774 640	6 824 196	6 077 302	35
2018	—	—	—	—	—	36
2017	—	—	—	—	—	36
2016	—	—	—	—	—	36
2015	—	—	—	—	—	38
2014	—	—	—	—	—	38
2013	—	—	—	—	—	40
2012	—	—	—	—	—	41
2011	—	—	—	—	—	41
2010	—	—	—	—	—	40
2009	—	—	—	—	—	35
2008	—	—	—	—	—	74
2007	—	—	—	—	—	84
2006	—	—	—	—	—	90
2005	—	—	—	—	—	99
2004	—	—	—	—	—	108
2003	—	—	—	—	—	122
2002	—	—	—	—	—	117
2001	—	—	—	—	—	113
2000	—	—	—	—	—	108
1999	—	—	—	—	—	106
1998	—	—	—	—	—	150
1997	—	—	—	—	—	126

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

3.5 %

Net profit / revenue

Return on equity (ROE)

0.7 %

Net profit / equity

Return on assets (ROA)

0.6 %

Net profit / assets

Equity ratio

90.0 %

Equity / assets

Debt ratio

10.0 %

Liabilities / assets

Current ratio

6.04

Current assets / current liabilities

Revenue per employee

47 757 €

Revenue / average full-time employees

Labour cost per employee per month

2 772 €

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	18 Jul 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	25 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	11 Jul 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	29 May 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	7 Oct 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	21 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	28 Oct 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
1	8 000 000 EEK	aktsiaselts Hansapank	27 Mar 2000 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Indrek Laul
Board member · since 21 Sep 2018

Right of representation

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

Owners

No owner information.

Beneficial owners

Reet Laul
Indirect ownership · since 19 Jun 2019

Founders and other persons

Reet Laul
Chairman of the supervisory board · 24 Aug 2023
Evelyn Luud
Supervisory board member · 24 Aug 2023
Triin-Maret Laul
Supervisory board member · 24 Aug 2023
Omanikukonto: L&L INVEST OÜ
Shareholder · 234 195 € · 16 Aug 2023
Omanikukonto: OÜ MIMIKRI
Shareholder · 78 067 € · 16 Aug 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

32201Manufacture of musical instruments Main
68201Rental and operating of own or leased real estate

Rulings 20

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10006219 / M9 7 Jul 2026	Warning of a fine: annual report not filed	9 Aug 2026	Deficiencies eliminated 19 Jul 2026	PDF
Ä 10006219 / M8 7 Jul 2024	Warning of a fine: annual report not filed	6 Aug 2024	Deficiencies eliminated 13 Jul 2024	PDF
Ä 10006219 / 23 26 Jun 2019	Amendment entry		In force 26 Jun 2019	PDF
Ä 10006219 / 22 17 Oct 2018	Entry made by the register on its own initiative		In force 17 Oct 2018	PDF
Ä 10006219 / 21 21 Sep 2018	Amendment entry		In force 21 Sep 2018	PDF
Ä 10006219 / M7 18 Sep 2018	Ruling to eliminate deficiencies	3 Oct 2018	Deficiencies eliminated 21 Sep 2018	PDF
Ä 10006219 / 20 16 Jan 2018	Amendment entry		In force 16 Jan 2018	PDF
Ä 10006219 / 19 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10006219 / 18 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10006219 / M6 8 Dec 2016	Ruling to correct data outside an entry	7 Jan 2017	Deficiencies eliminated 12 Dec 2016	PDF
Ä 10006219 / 17 16 Sep 2016	Amendment entry		In force 16 Sep 2016	PDF
Ä 10006219 / 16 18 Nov 2011	Amendment entry		In force 18 Nov 2011	PDF
Ä 10006219 / M5 2 Nov 2011	Ruling to eliminate deficiencies	5 Dec 2011	In force 2 Nov 2011	PDF
Ä 6219 / 15 3 Dec 2008	Deletion of activities from the registry card		In force 3 Dec 2008	PDF
Ä 6219 / 14 20 Oct 2005	Amendment entry		In force	PDF
Ä 6219 / M4 28 Sep 2005	Ruling to eliminate deficiencies (to be served)	27 Oct 2005	In force	PDF
Ä 6219 / 13 27 Sep 2002	Entry decision on the register’s own initiative		In force	PDF
Ä 6219 / 12 23 Aug 2002	Unpublished amendment entry		In force	PDF
Ä 6219 / M3 12 Apr 2002	Ruling to be served		In force	PDF
Ä 6219 / 11 12 Apr 2002	Unpublished amendment entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data

Aktsiaselts ESTONIA Klaverivabrik

Position in the industry Other manufacturing · EMTAK 32

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 20