Thermory AS
Active Registry code 10278819
AS Tallinn Registered 26 Sep 1997
Thermory AS is a AS based in Tallinn, registry code 10278819, status: active. Main activity: Sawmilling and planing of wood. According to EMTA, turnover for Q3 2026 was €24 235 169 with 341 employees.
Turnover
24 235 169 €
↓ 27.3% vs Q2 2026
State taxes
1 328 977 €
↑ 116.1% vs Q2 2026
Labour taxes
1 444 999 €
↑ 0.1% vs Q2 2026
Employees
341
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 24.2 mn €above 98% of companiesindustry median 42 609 € · companies in the industry: 968
- Labour taxes per employee 4 238 €above 93% of companiesindustry median 1 604 € · companies in the industry: 774
- Revenue · 2025 79.2 mn €above 98% of companiesindustry median 44 569 € · companies in the industry: 1 338
- Net profit margin · 2025 3.6 %above 57% of companiesindustry median 2.0 % · companies in the industry: 1 072
Taxes and turnover
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 24 235 169 | 1 328 977 | 1 444 999 | 341 |
| Q2 2026 | 33 343 267 | 614 863 | 1 443 993 | 341 |
| Q1 2026 | 24 753 813 | 1 127 328 | 1 834 436 | 332 |
| Q4 2025 | 27 560 570 | 597 685 | 1 470 111 | 320 |
| Q3 2025 | 26 656 301 | 782 450 | 1 539 444 | 324 |
| Q2 2025 | 31 593 141 | 817 577 | 1 457 736 | 330 |
| Q1 2025 | 22 659 221 | 865 239 | 1 487 365 | 333 |
| Q4 2024 | 24 027 701 | 589 134 | 1 305 966 | 323 |
| Q3 2024 | 24 310 416 | 553 896 | 1 273 378 | 331 |
| Q2 2024 | 28 316 090 | 428 533 | 1 175 549 | 306 |
| Q1 2024 | 20 354 247 | 665 833 | 1 255 670 | 302 |
| Q4 2023 | 21 131 955 | 659 583 | 1 186 843 | 304 |
| Q3 2023 | 22 450 152 | 1 204 066 | 1 556 549 | 308 |
| Q2 2023 | 26 503 250 | 1 095 835 | 1 454 742 | 315 |
| Q1 2023 | 19 617 105 | 643 335 | 1 156 596 | 314 |
| Q4 2022 | 25 638 256 | 51 785 | 1 110 668 | 319 |
| Q3 2022 | 26 686 392 | 377 374 | 1 293 226 | 342 |
| Q2 2022 | 40 672 861 | 493 574 | 1 390 112 | 369 |
| Q1 2022 | 27 248 859 | 397 932 | 1 209 952 | 369 |
Labour taxes per employee per month
1 413 €
Turnover per employee in the quarter
71 071 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|
| 2025 | 79 170 489 | 2 883 722 | 124 217 912 | 86 395 771 | 326 |
| 2024 | 72 807 644 | 2 980 997 | 127 502 539 | 86 491 563 | 307 |
| 2023 | 68 607 131 | 1 369 244 | 127 066 355 | 83 387 006 | 299 |
| 2022 | 90 423 272 | — | 139 859 855 | — | 407 |
| 2021 | 79 408 346 | 9 136 334 | 123 772 177 | 76 646 357 | 353 |
| 2020 | 65 606 804 | — | 101 436 916 | — | 401 |
| 2019 | 62 525 276 | — | 92 115 002 | — | 384 |
| 2018 | — | — | — | — | 250 |
| 2017 | — | — | — | — | 202 |
| 2016 | — | — | — | — | 192 |
| 2015 | — | — | — | — | 176 |
| 2014 | — | — | — | — | 0 |
| 2013 | — | — | — | — | 148 |
| 2012 | — | — | — | — | 148 |
| 2011 | — | — | — | — | 145 |
| 2010 | — | — | — | — | 118 |
| 2009 | — | — | — | — | 102 |
| 2008 | — | — | — | — | 125 |
| 2007 | — | — | — | — | 131 |
| 2006 | — | — | — | — | 172 |
| 2005 | — | — | — | — | 175 |
| 2004 | — | — | — | — | 163 |
| 2003 | — | — | — | — | 125 |
| 2002 | — | — | — | — | 81 |
| 2001 | — | — | — | — | 47 |
| 2000 | — | — | — | — | 17 |
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
3.6 %
Net profit / revenue
Return on equity (ROE)
3.3 %
Net profit / equity
Return on assets (ROA)
2.3 %
Net profit / assets
Equity ratio
69.6 %
Equity / assets
Debt ratio
30.4 %
Liabilities / assets
Current ratio
1.56
Current assets / current liabilities
Revenue per employee
242 854 €
Revenue / average full-time employees
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 15 Jun 2026 | Consolidated · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 26 Jun 2025 | Consolidated · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 27 Jun 2024 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 16 Aug 2023 | Consolidated · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 27 Jun 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 30 Jun 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 28 Oct 2020 | Consolidated · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 20 | 5 000 000 € | AS SEB Pank | 19 Oct 2019 – in force |
| 19 | 2 248 699 € | AS SEB Pank | 25 Oct 2018 – in force |
| 18 | 1 320 000 € | AS SEB Pank | 25 Oct 2018 – in force |
| 17 | 650 000 € | AS SEB Pank | 25 Oct 2018 – in force |
| 16 | 1 825 654 € | AS SEB Pank | 25 Oct 2018 – in force |
| 15 | 4 000 000 € | AS SEB Pank | 25 Oct 2018 – in force |
| 14 | 500 000 € | AS SEB Pank | 2 Jan 2018 – in force |
| 13 | 1 000 000 € | AS SEB Pank | 16 Feb 2017 – in force |
| 12 | 1 000 000 € | AS SEB Pank | 17 May 2015 – in force |
| 11 | 1 000 000 € | AS SEB Pank | 11 Dec 2014 – in force |
| 10 | 1 000 000 € | AS SEB Pank | 14 Aug 2014 – in force |
| 9 | 1 602 000 € | AS SEB Pank | 17 Jan 2014 – in force |
| 8 | 500 000 € | AS SEB Pank | 28 Sep 2012 – in force |
| 7 | 3 320 000 EEK | AS SEB Pank | 19 Apr 2010 – in force |
| 6 | 2 380 000 EEK | AS SEB Pank | 19 Apr 2010 – in force |
| 5 | 4 300 000 EEK | AS SEB Pank | 19 Apr 2010 – in force |
| 4 | 4 100 000 EEK | AS SEB Pank | 19 Apr 2010 – in force |
| 3 | 1 200 000 EEK | AS SEB Pank | 19 Apr 2010 – in force |
| 2 | 2 900 000 EEK | AS SEB Pank | 19 Apr 2010 – in force |
| 1 | 11 500 000 EEK | AS SEB Pank | 4 Jul 2000 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Katrin Reinaste-ParveBoard member · since 21 May 2020
- Martin KalleBoard member · since 21 May 2020
- Ragnar KoppelBoard member · since 17 Jan 2025
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 100%
- 100%
- 100%
Beneficial owners
- Kristjan RahuOver 50% of voting rights in the consolidated entity · since 28 Oct 2020
Founders and other persons
- Andres TalvikFounder · 10 000 € · 26 Sep 1997
- Jüri KoltsovAudit firm · 1 Jan 2019
- Aktsiaselts PricewaterhouseCoopersAudit firm · 1 Jan 2019
- Valdur LaidChairman of the supervisory board · 9 Jul 2025
- Aigar OjaotsSupervisory board member · 9 Sep 2024
- Meelis KajanduSupervisory board member · 9 Sep 2024
- Juha Markus SojakkaSupervisory board member · 20 Jun 2025
- Kristjan RahuSupervisory board member · 9 Jul 2025
- Priit KoitSupervisory board member · 9 Jul 2025
- Omanikukonto: K-INVEST OÜShareholder · 115 378 € · 16 Aug 2023
- Omanikukonto: UG INVESTMENTS OÜShareholder · 314 577 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 16111Sawmilling and planing of wood Main
- 46831Wholesale of wood and products for the first-stage processing of wood
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10017660 / 69 17 Jan 2025 |
Amendment entry | In force 17 Jan 2025 |
||
| Ä 10017660 / M20 7 Jan 2025 |
Ruling to eliminate deficiencies | 22 Jan 2025 | Deficiencies eliminated 17 Jan 2025 |
|
| Ä 10017660 / 68 19 Aug 2024 |
Amendment entry | In force 19 Aug 2024 |
||
| Ä 10017660 / M19 7 Aug 2023 |
Ruling to eliminate deficiencies in the annual report | 6 Sep 2023 | Deficiencies eliminated 16 Aug 2023 |
|
| Ä 10017660 / 67 17 Feb 2023 |
Second (constitutive) merger entry | In force 17 Feb 2023 |
||
| Ä 10017660 / 66 10 Sep 2021 |
Amendment entry | In force 10 Sep 2021 |
||
| Ä 10017660 / M18 8 Sep 2021 |
Ruling to eliminate deficiencies | 8 Oct 2021 | Deficiencies eliminated 9 Sep 2021 |
|
| Ä 10017660 / 65 26 Mar 2021 |
Division entry (second, constitutive) | In force 26 Mar 2021 |
||
| Ä 10017660 / 64 3 Sep 2020 |
Amendment under Commercial Code § 525 (2) | In force 3 Sep 2020 |
||
| Ä 10017660 / 63 1 Sep 2020 |
Second (constitutive) merger entry | In force 1 Sep 2020 |
||
| Ä 10017660 / 62 21 May 2020 |
Amendment entry | In force 21 May 2020 |
||
| Ä 10017660 / 61 7 May 2020 |
Amendment entry | In force 7 May 2020 |
||
| Ä 10017660 / 60 26 Feb 2020 |
Amendment entry | In force 26 Feb 2020 |
||
| K 10017660 / 59 19 Oct 2019 |
Commercial pledge entered | In force 19 Oct 2019 |
||
| K 10017660 / M17 15 Oct 2019 |
Procedural ruling | In force 15 Oct 2019 |
||
| Ä 10017660 / 58 4 Oct 2019 |
Amendment entry | In force 4 Oct 2019 |
||
| Ä 10017660 / 57 10 Jul 2019 |
Amendment under Commercial Code § 525 (2) | In force 10 Jul 2019 |
||
| Ä 10017660 / 56 30 May 2019 |
Amendment entry | In force 30 May 2019 |
||
| Ä 10017660 / 55 1 Apr 2019 |
Amendment entry | In force 1 Apr 2019 |
||
| Ä 10017660 / M16 28 Mar 2019 |
Ruling to eliminate deficiencies | 27 Apr 2019 | Deficiencies eliminated 28 Mar 2019 |
|
| Ä 10017660 / 54 5 Dec 2018 |
Amendment entry | In force 5 Dec 2018 |
||
| Ä 10017660 / 53 20 Nov 2018 |
Amendment entry | In force 20 Nov 2018 |
||
| Ä 10017660 / M15 13 Nov 2018 |
Ruling to eliminate deficiencies | 28 Nov 2018 | Deficiencies eliminated 20 Nov 2018 |
|
| Ä 10017660 / 33 25 Oct 2018 |
Second (constitutive) merger entry | In force 25 Oct 2018 |
||
| K 10017660 / 52 25 Oct 2018 |
Commercial pledge entered | In force 25 Oct 2018 |
||
| K 10017660 / 51 25 Oct 2018 |
Commercial pledge entered | In force 25 Oct 2018 |
||
| K 10017660 / 50 25 Oct 2018 |
Commercial pledge entered | In force 25 Oct 2018 |
||
| K 10017660 / 49 25 Oct 2018 |
Commercial pledge entered | In force 25 Oct 2018 |
||
| K 10017660 / 48 25 Oct 2018 |
Commercial pledge entered | In force 25 Oct 2018 |
||
| K 10017660 / 47 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 46 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 45 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 44 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 43 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 42 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 41 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 40 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 39 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 38 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 37 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 36 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 35 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| K 10017660 / 34 25 Oct 2018 |
Commercial pledge amended | In force 25 Oct 2018 |
||
| Ä 10017660 / 32 21 Sep 2018 |
Division entry (second, constitutive) | In force 21 Sep 2018 |
||
| Ä 10017660 / M14 20 Sep 2018 |
Ruling to eliminate deficiencies | 10 Oct 2018 | Deficiencies eliminated 20 Sep 2018 |
|
| Ä 10017660 / 31 17 Apr 2018 |
Amendment entry | In force 17 Apr 2018 |
||
| Ä 10017660 / 30 16 Jan 2018 |
Amendment entry | In force 16 Jan 2018 |
||
| Ä 10017660 / 29 9 Jan 2018 |
Amendment entry | In force 9 Jan 2018 |
||
| Ä 10017660 / M13 8 Jan 2018 |
Ruling to eliminate deficiencies | 28 Jan 2018 | Deficiencies eliminated 9 Jan 2018 |
|
| K 10017660 / 28 2 Jan 2018 |
Commercial pledge entered | In force 2 Jan 2018 |
||
| Ä 10017660 / 27 7 Nov 2017 |
Amendment entry | In force 7 Nov 2017 |
||
| Ä 10017660 / M12 3 Oct 2017 |
Refund of the state fee | In force 3 Oct 2017 |
||
| Ä 10017660 / 26 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10017660 / 25 29 Aug 2017 |
Transformation entry | In force 29 Aug 2017 |
||
| Ä 10017660 / M11 23 Aug 2017 |
Ruling to eliminate deficiencies | 30 Aug 2017 | Deficiencies eliminated 23 Aug 2017 |
|
| Ä 10017660 / M10 17 Feb 2017 |
Refund of the state fee | In force 17 Feb 2017 |
||
| K 10017660 / 24 16 Feb 2017 |
Commercial pledge entered | In force 16 Feb 2017 |
||
| K 10017660 / M9 27 Jan 2017 |
Ruling to eliminate deficiencies | 26 Feb 2017 | Deficiencies eliminated 16 Feb 2017 |
|
| K 10017660 / M8 13 Jan 2017 |
Ruling to eliminate deficiencies | 12 Feb 2017 | Deficiencies eliminated 16 Feb 2017 |
|
| Ä 10017660 / 23 20 Dec 2016 |
Amendment entry | In force 20 Dec 2016 |
||
| Ä 10017660 / 22 1 Sep 2016 |
Amendment entry | In force 1 Sep 2016 |
||
| K 10017660 / 21 17 May 2015 |
Commercial pledge entered | In force 17 May 2015 |
||
| K 10017660 / 20 11 Dec 2014 |
Commercial pledge entered | In force 11 Dec 2014 |
||
| Ä 10017660 / 19 13 Oct 2014 |
Amendment entry | In force 13 Oct 2014 |
||
| K 10017660 / 18 14 Aug 2014 |
Commercial pledge entered | In force 14 Aug 2014 |
||
| K 10017660 / 17 20 Jan 2014 |
Commercial pledge amended | In force 20 Jan 2014 |
||
| K 10017660 / 16 17 Jan 2014 |
Commercial pledge entered | In force 17 Jan 2014 |
||
| Ä 10017660 / 15 18 Dec 2013 |
Amendment entry | In force 18 Dec 2013 |
||
| K 10050151 / 23 28 Sep 2012 |
Commercial pledge entered | In force 28 Sep 2012 |
||
| K 10050151 / 22 28 Sep 2012 |
Entry made by the register on its own initiative | In force 28 Sep 2012 |
||
| K 10050151 / 21 14 Mar 2011 |
Commercial pledge amended | In force 14 Mar 2011 |
||
| K 10050151 / 20 14 Mar 2011 |
Commercial pledge amended | In force 14 Mar 2011 |
||
| K 10050151 / 19 14 Mar 2011 |
Commercial pledge amended | In force 14 Mar 2011 |
||
| K 10050151 / 18 14 Mar 2011 |
Commercial pledge amended | In force 14 Mar 2011 |
||
| K 10050151 / 17 14 Mar 2011 |
Commercial pledge amended | In force 14 Mar 2011 |
||
| K 10050151 / 16 14 Mar 2011 |
Commercial pledge amended | In force 14 Mar 2011 |
||
| K 10050151 / 15 14 Mar 2011 |
Commercial pledge amended | In force 14 Mar 2011 |
||
| Ä 10017660 / 14 19 Apr 2010 |
Second (constitutive) merger entry | In force 19 Apr 2010 |
||
| K 10050151 / 9 19 Apr 2010 |
Commercial pledge entered | In force 19 Apr 2010 |
||
| K 10050151 / 14 19 Apr 2010 |
Commercial pledge entered | In force 19 Apr 2010 |
||
| K 10050151 / 13 19 Apr 2010 |
Commercial pledge entered | In force 19 Apr 2010 |
||
| K 10050151 / 12 19 Apr 2010 |
Commercial pledge entered | In force 19 Apr 2010 |
||
| K 10050151 / 11 19 Apr 2010 |
Commercial pledge entered | In force 19 Apr 2010 |
||
| K 10050151 / 10 19 Apr 2010 |
Commercial pledge entered | In force 19 Apr 2010 |
||
| Ä 10017660 / M7 9 Mar 2010 |
Ruling to be served | 15 Apr 2010 | Deficiencies eliminated 15 Apr 2010 |
|
| Ä 17660 / M6 14 Jan 2010 |
Ruling to be served | 15 Mar 2010 | In force 14 Jan 2010 |
|
| Ä 17660 / M5 14 Oct 2009 |
Ruling to eliminate deficiencies | 14 Jan 2010 | Deficiencies eliminated 15 Apr 2010 |
|
| Ä 17660 / M4 7 Oct 2009 |
Ruling to be served | In force 9 Oct 2009 |
||
| Ä 17660 / M3 7 Sep 2009 |
Ruling to be served | 17 Oct 2009 | In force 2 Oct 2009 |
|
| Ä 17660 / 13 3 Dec 2008 |
Deletion of activities from the registry card | In force 19 Dec 2008 |
||
| Ä 17660 / 12 10 Jan 2006 |
Amendment entry | Confirmed 10 Jan 2006 |
||
| Ä 17660 / 11 7 Oct 2005 |
Entry decision on the register’s own initiative | In force | ||
| K 50151 / 8 11 May 2005 |
Commercial pledge amended | In force | ||
| Ä 17660 / 10 13 Jan 2005 |
Amendment entry | In force | ||
| Ä 17660 / M2 14 Oct 2004 |
Ruling to eliminate deficiencies (to be served) | 1 Dec 2004 | In force | |
| Ä 17660 / 9 3 Aug 2004 |
Amendment entry | In force | ||
| K 50151 / 7 14 Jun 2004 |
Commercial pledge amended | In force | ||
| K 50151 / 6 17 Feb 2004 |
Commercial pledge amended | In force | ||
| Ä 17660 / 8 14 Jan 2004 |
Amendment entry | In force | ||
| K 50151 / 5 21 Jul 2003 |
Commercial pledge amended | In force | ||
| K 50151 / 4 11 Feb 2003 |
Commercial pledge amended | In force | ||
| K 50151 / 3 19 Aug 2002 |
Commercial pledge amended | In force |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data