Aktsiaselts Kernel

Active Registry code 10134411 AS Tartu linn Registered 4 Oct 1996
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Aktsiaselts Kernel is a AS based in Tartu linn, registry code 10134411, status: active. Main activity: Retail sale of computers, peripheral units and software. According to EMTA, turnover for Q3 2026 was €291 913 with 6 employees.

Turnover
291 913 €
↓ 20.4% vs Q2 2026
State taxes
33 301 €
↑ 9.3% vs Q2 2026
Labour taxes
12 312 €
↑ 0.6% vs Q2 2026
Employees
6
±0 vs Q2 2026

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

Position in the industry Retail trade · EMTAK 47

  • Turnover · Q3 2026 291 913 €
    industry median 23 652 € · companies in the industry: 7 652
  • Labour taxes per employee 2 052 €
    industry median 1 201 € · companies in the industry: 4 663
  • Revenue · 2025 1.5 mn €
    industry median 16 974 € · companies in the industry: 13 500
  • Net profit margin · 2025 12.1 %
    industry median 1.3 % · companies in the industry: 9 480

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 291 913 € · −20.4% vs Q2 2026 · industry median 23 652 € · above 88% of the industry
02004006008001 000Q4 2023 Company: 737 888 € Industry median: 26 822 €Q4·23Q1 2024 Company: 209 879 € Industry median: 23 246 €Q2 2024 Company: 217 848 € Industry median: 26 103 €Q2·24Q3 2024 Company: 206 215 € Industry median: 24 905 €Q4 2024 Company: 159 912 € Industry median: 25 283 €Q4·24Q1 2025 Company: 389 239 € Industry median: 21 556 €Q2 2025 Company: 885 439 € Industry median: 24 404 €Q2·25Q3 2025 Company: 176 982 € Industry median: 24 441 €Q4 2025 Company: 291 421 € Industry median: 23 532 €Q4·25Q1 2026 Company: 317 430 € Industry median: 20 253 €Q2 2026 Company: 366 803 € Industry median: 23 917 €Q2·26Q3 2026 Company: 291 913 € Industry median: 23 652 €Q3·2602004006008001 000Q4 2024 Company: 159 912 € Industry median: 25 283 €Q1 2025 Company: 389 239 € Industry median: 21 556 €Q1·25Q2 2025 Company: 885 439 € Industry median: 24 404 €Q3 2025 Company: 176 982 € Industry median: 24 441 €Q3·25Q4 2025 Company: 291 421 € Industry median: 23 532 €Q1 2026 Company: 317 430 € Industry median: 20 253 €Q1·26Q2 2026 Company: 366 803 € Industry median: 23 917 €Q3 2026 Company: 291 913 € Industry median: 23 652 €Q3·26
  • Company
  • Industry median

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

Labour taxes per employee, € Q3 2026: 2 052 € · +0.6% vs Q2 2026 · industry median 1 201 € · above 76% of the industry
01 0002 0003 000Q4 2023 Company: 1 985 € Industry median: 971 €Q4·23Q1 2024 Company: 2 819 € Industry median: 1 002 €Q2 2024 Company: 2 017 € Industry median: 1 009 €Q2·24Q3 2024 Company: 1 988 € Industry median: 1 048 €Q4 2024 Company: 1 967 € Industry median: 1 053 €Q4·24Q1 2025 Company: 2 761 € Industry median: 1 099 €Q2 2025 Company: 2 206 € Industry median: 1 126 €Q2·25Q3 2025 Company: 2 235 € Industry median: 1 156 €Q4 2025 Company: 2 166 € Industry median: 1 151 €Q4·25Q1 2026 Company: 2 093 € Industry median: 1 116 €Q2 2026 Company: 2 041 € Industry median: 1 131 €Q2·26Q3 2026 Company: 2 052 € Industry median: 1 201 €Q3·2601 0002 0003 000Q4 2024 Company: 1 967 € Industry median: 1 053 €Q1 2025 Company: 2 761 € Industry median: 1 099 €Q1·25Q2 2025 Company: 2 206 € Industry median: 1 126 €Q3 2025 Company: 2 235 € Industry median: 1 156 €Q3·25Q4 2025 Company: 2 166 € Industry median: 1 151 €Q1 2026 Company: 2 093 € Industry median: 1 116 €Q1·26Q2 2026 Company: 2 041 € Industry median: 1 131 €Q3 2026 Company: 2 052 € Industry median: 1 201 €Q3·26
  • Company
  • Industry median

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

Employees Q3 2026: 6 · +0.0% vs Q2 2026
0246Q4 2023 Company: 6Q4·23Q1 2024 Company: 6Q2 2024 Company: 6Q2·24Q3 2024 Company: 6Q4 2024 Company: 6Q4·24Q1 2025 Company: 6Q2 2025 Company: 6Q2·25Q3 2025 Company: 6Q4 2025 Company: 6Q4·25Q1 2026 Company: 6Q2 2026 Company: 6Q2·26Q3 2026 Company: 6Q3·260246Q4 2024 Company: 6Q1 2025 Company: 6Q1·25Q2 2025 Company: 6Q3 2025 Company: 6Q3·25Q4 2025 Company: 6Q1 2026 Company: 6Q1·26Q2 2026 Company: 6Q3 2026 Company: 6Q3·26
State taxes, € Q3 2026: 33 301 € · +9.3% vs Q2 2026
020 00040 00060 000Q4 2023 Company: 35 311 €Q4·23Q1 2024 Company: 37 339 €Q2 2024 Company: 29 886 €Q2·24Q3 2024 Company: 30 242 €Q4 2024 Company: 19 152 €Q4·24Q1 2025 Company: 43 109 €Q2 2025 Company: 36 383 €Q2·25Q3 2025 Company: 29 003 €Q4 2025 Company: 38 636 €Q4·25Q1 2026 Company: 59 744 €Q2 2026 Company: 30 472 €Q2·26Q3 2026 Company: 33 301 €Q3·26020 00040 00060 000Q4 2024 Company: 19 152 €Q1 2025 Company: 43 109 €Q1·25Q2 2025 Company: 36 383 €Q3 2025 Company: 29 003 €Q3·25Q4 2025 Company: 38 636 €Q1 2026 Company: 59 744 €Q1·26Q2 2026 Company: 30 472 €Q3 2026 Company: 33 301 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 291 913 33 301 12 312 6
Q2 2026 366 803 30 472 12 243 6
Q1 2026 317 430 59 744 12 556 6
Q4 2025 291 421 38 636 12 997 6
Q3 2025 176 982 29 003 13 410 6
Q2 2025 885 439 36 383 13 235 6
Q1 2025 389 239 43 109 16 565 6
Q4 2024 159 912 19 152 11 800 6
Q3 2024 206 215 30 242 11 926 6
Q2 2024 217 848 29 886 12 104 6
Q1 2024 209 879 37 339 16 913 6
Q4 2023 737 888 35 311 11 908 6
Q3 2023 173 764 24 705 11 342 6
Q2 2023 138 516 20 933 11 542 6
Q1 2023 208 293 41 582 12 717 6
Q4 2022 800 597 20 621 11 979 6
Q3 2022 250 534 46 615 17 640 6
Q2 2022 214 990 24 071 11 894 7
Q1 2022 484 997 100 755 17 279 7
Labour taxes per employee per month
684 €
Turnover per employee in the quarter
48 652 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 1 519 257 € · +91.2% vs 2024 · industry median 16 974 € · above 98% of the industry
05001 0001 5002 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 855 632 € Industry median: 25 000 €20192020 Company: 1 345 604 € Industry median: 21 390 €20202021 Company: 1 530 718 € Industry median: 23 333 €20212022 Company: 1 544 698 € Industry median: 22 891 €20222023 Company: 1 143 874 € Industry median: 20 218 €20232024 Company: 794 726 € Industry median: 18 875 €20242025 Company: 1 519 257 € Industry median: 16 974 €202505001 0001 5002 0002018 Company: — Industry median: —2019 Company: 855 632 € Industry median: 25 000 €20192020 Company: 1 345 604 € Industry median: 21 390 €2021 Company: 1 530 718 € Industry median: 23 333 €20212022 Company: 1 544 698 € Industry median: 22 891 €2023 Company: 1 143 874 € Industry median: 20 218 €20232024 Company: 794 726 € Industry median: 18 875 €2025 Company: 1 519 257 € Industry median: 16 974 €2025
  • Company
  • Industry median

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

Net profit, € thousand 2025: 183 774 € · +120.0% vs 2024 · industry median 0 € · above 98% of the industry
0501001502002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 33 052 € Industry median: 246 €20192020 Company: 114 056 € Industry median: 98 €20202021 Company: 110 995 € Industry median: 245 €20212022 Company: 22 161 € Industry median: 96 €20222023 Company: 63 522 € Industry median: 20 €20232024 Company: 83 547 € Industry median: 0 €20242025 Company: 183 774 € Industry median: 0 €20250501001502002018 Company: — Industry median: —2019 Company: 33 052 € Industry median: 246 €20192020 Company: 114 056 € Industry median: 98 €2021 Company: 110 995 € Industry median: 245 €20212022 Company: 22 161 € Industry median: 96 €2023 Company: 63 522 € Industry median: 20 €20232024 Company: 83 547 € Industry median: 0 €2025 Company: 183 774 € Industry median: 0 €2025
  • Company
  • Industry median

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

Net profit margin, % 2025: 12.1 % · +1.6 pp vs the year before · industry median 1.3 % · above 78% of the industry
035810132016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 3.9 % Industry median: 2.6 %20192020 Company: 8.5 % Industry median: 2.7 %20202021 Company: 7.3 % Industry median: 3.3 %20212022 Company: 1.4 % Industry median: 2.8 %20222023 Company: 5.6 % Industry median: 2.2 %20232024 Company: 10.5 % Industry median: 1.5 %20242025 Company: 12.1 % Industry median: 1.3 %2025035810132018 Company: — Industry median: —2019 Company: 3.9 % Industry median: 2.6 %20192020 Company: 8.5 % Industry median: 2.7 %2021 Company: 7.3 % Industry median: 3.3 %20212022 Company: 1.4 % Industry median: 2.8 %2023 Company: 5.6 % Industry median: 2.2 %20232024 Company: 10.5 % Industry median: 1.5 %2025 Company: 12.1 % Industry median: 1.3 %2025
  • Company
  • Industry median

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

Assets, € thousand 2025: 1 132 401 € · +4.1% vs 2024
02505007501 0001 2502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 059 256 €20192020 Company: 1 175 873 €20202021 Company: 1 125 276 €20212022 Company: 958 981 €20222023 Company: 927 372 €20232024 Company: 1 088 232 €20242025 Company: 1 132 401 €202502505007501 0001 2502018 Company: —2019 Company: 1 059 256 €20192020 Company: 1 175 873 €2021 Company: 1 125 276 €20212022 Company: 958 981 €2023 Company: 927 372 €20232024 Company: 1 088 232 €2025 Company: 1 132 401 €2025
Equity, € thousand 2025: 1 053 051 € · +21.1% vs 2024
02505007501 0001 2502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 971 019 €20192020 Company: 1 025 075 €20202021 Company: 1 006 126 €20212022 Company: 871 988 €20222023 Company: 849 930 €20232024 Company: 869 277 €20242025 Company: 1 053 051 €202502505007501 0001 2502018 Company: —2019 Company: 971 019 €20192020 Company: 1 025 075 €2021 Company: 1 006 126 €20212022 Company: 871 988 €2023 Company: 849 930 €20232024 Company: 869 277 €2025 Company: 1 053 051 €2025
Employees 2025: 6 · +20.0% vs 2024 · industry median 2 · above 85% of the industry
02468102016 Company: 10 Industry median: —20162017 Company: 10 Industry median: —20172018 Company: 7 Industry median: 220182019 Company: 8 Industry median: 220192020 Company: 8 Industry median: 220202021 Company: 8 Industry median: 220212022 Company: 6 Industry median: 220222023 Company: 6 Industry median: 220232024 Company: 5 Industry median: 220242025 Company: 6 Industry median: 22025024682018 Company: 7 Industry median: 22019 Company: 8 Industry median: 220192020 Company: 8 Industry median: 22021 Company: 8 Industry median: 220212022 Company: 6 Industry median: 22023 Company: 6 Industry median: 220232024 Company: 5 Industry median: 22025 Company: 6 Industry median: 22025
  • Company
  • Industry median

Industry: Retail 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 1 519 257 183 774 133 530 1 132 401 1 053 051 6
2024 794 726 83 547 125 634 1 088 232 869 277 5
2023 1 143 874 63 522 123 995 927 372 849 930 6
2022 1 544 698 22 161 125 109 958 981 871 988 6
2021 1 530 718 110 995 138 183 1 125 276 1 006 126 8
2020 1 345 604 114 056 136 279 1 175 873 1 025 075 8
2019 855 632 33 052 128 629 1 059 256 971 019 8
2018 — — — — — 7
2017 — — — — — 10
2016 — — — — — 10
2015 — — — — — 10
2014 — — — — — 10
2013 — — — — — 10
2012 — — — — — 13
2011 — — — — — 13
2010 — — — — — 13
2009 — — — — — 13
2008 — — — — — 13
2007 — — — — — 14
2006 — — — — — 14
2005 — — — — — 14
2004 — — — — — 12
2003 — — — — — 10
2002 — — — — — 10
2001 — — — — — 10
2000 — — — — — 9
1999 — — — — — 10
1998 — — — — — 10
1997 — — — — — 8

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
12.1 %
Net profit / revenue
Return on equity (ROE)
17.5 %
Net profit / equity
Return on assets (ROA)
16.2 %
Net profit / assets
Equity ratio
93.0 %
Equity / assets
Debt ratio
7.0 %
Liabilities / assets
Current ratio
5.09
Current assets / current liabilities
Revenue per employee
253 210 €
Revenue / average full-time employees
Labour cost per employee per month
1 855 €
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 24 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 19 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 17 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 15 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 27 Jun 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 29 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 13 Jul 2020 Company’s own e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Raivo Laats
    Board member · since 4 Oct 1996

Right of representation

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

Owners

No owner information.

Owner in

Beneficial owners

No beneficial owners listed.

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 47401Retail sale of computers, peripheral units and software Main
  • 61201Telecommunication reselling activities and intermediation service activities for telecommunication
  • 62202Computer facilities management activities
Rulings
Number, date Title Deadline State Document
Ä 20002064 / 11
2 Jul 2018
Amendment entry In force
2 Jul 2018
PDF
Ä 20002064 / 10
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 20002064 / 9
5 Dec 2017
Amendment entry In force
5 Dec 2017
PDF
Ä 20002064 / 8
3 Dec 2017
Amendment entry In force
3 Dec 2017
PDF
Ä 20002064 / 7
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 20002064 / 6
6 Dec 2013
Amendment under Commercial Code § 525 (2) In force
6 Dec 2013
PDF
Ä 2064 / 5
3 Dec 2008
Deletion of activities from the registry card In force
23 Dec 2008
PDF
Ä 2064 / 4
3 Apr 2006
Amendment entry In force
3 Apr 2006
PDF
Ä 2064 / M1
30 Mar 2006
Ruling to eliminate deficiencies (to be served) 29 May 2006 In force
30 Mar 2006
PDF
Ä 2064 / 3
31 Oct 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