AS Palmako
Active Registry code 10301984
AS Tartu linn Registered 3 Nov 1997
AS Palmako is a AS based in Tartu linn, registry code 10301984, status: active. Main activity: Manufacture of prefabricated wooden buildings or elements thereof. According to EMTA, turnover for Q3 2026 was €24 824 332 with 382 employees.
Turnover
24 824 332 €
↓ 32.2% vs Q2 2026
State taxes
1 304 600 €
↑ 46.2% vs Q2 2026
Labour taxes
1 655 673 €
↑ 8.7% vs Q2 2026
Employees
382
−23 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 24.8 mn €above 98% of companiesindustry median 42 609 € · companies in the industry: 968
- Labour taxes per employee 4 334 €above 93% of companiesindustry median 1 604 € · companies in the industry: 774
- Revenue · 2025 76 mn €above 98% of companiesindustry median 44 569 € · companies in the industry: 1 338
- Net profit margin · 2025 4.6 %above 60% 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 | 24 824 332 | 1 304 600 | 1 655 673 | 382 |
| Q2 2026 | 36 599 945 | 892 121 | 1 522 729 | 405 |
| Q1 2026 | 18 482 260 | 1 015 679 | 1 415 947 | 406 |
| Q4 2025 | 22 926 737 | 667 753 | 1 408 322 | 387 |
| Q3 2025 | 23 979 685 | 1 261 586 | 1 574 430 | 386 |
| Q2 2025 | 32 795 888 | 978 542 | 1 340 431 | 388 |
| Q1 2025 | 18 159 288 | 806 004 | 1 181 736 | 375 |
| Q4 2024 | 19 906 452 | 1 472 811 | 1 078 898 | 326 |
| Q3 2024 | 20 102 720 | 1 076 970 | 1 225 191 | 322 |
| Q2 2024 | 28 276 719 | 760 123 | 1 114 188 | 332 |
| Q1 2024 | 15 455 156 | 625 968 | 1 033 731 | 328 |
| Q4 2023 | 14 303 711 | 650 012 | 962 809 | 302 |
| Q3 2023 | 20 874 043 | 1 510 018 | 1 245 681 | 306 |
| Q2 2023 | 22 278 774 | 540 514 | 1 033 340 | 331 |
| Q1 2023 | 13 588 172 | 947 308 | 1 040 210 | 333 |
| Q4 2022 | 17 290 740 | 654 045 | 949 101 | 333 |
| Q3 2022 | 22 474 697 | 1 174 652 | 1 393 429 | 349 |
| Q2 2022 | 43 709 303 | — | 1 286 138 | 430 |
| Q1 2022 | 22 805 748 | 528 613 | 1 204 402 | 469 |
Labour taxes per employee per month
1 445 €
Turnover per employee in the quarter
64 985 €
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 | 76 049 961 | 3 505 599 | 56 121 744 | 41 185 914 | 370 |
| 2024 | 66 299 243 | -1 143 843 | 55 075 904 | 37 680 315 | 319 |
| 2023 | 63 027 387 | 668 145 | 57 379 532 | 43 824 158 | 0 |
| 2022 | 85 123 572 | 11 962 395 | 62 209 863 | 45 156 013 | 0 |
| 2021 | 87 223 478 | 4 464 770 | 56 355 916 | 35 193 618 | 0 |
| 2020 | 68 065 266 | 4 522 976 | 52 088 910 | 34 728 848 | 0 |
| 2019 | 57 643 443 | 1 919 858 | 47 492 355 | 30 205 872 | 405 |
| 2018 | — | — | — | — | 411 |
| 2017 | — | — | — | — | 355 |
| 2016 | — | — | — | — | 324 |
| 2015 | — | — | — | — | 304 |
| 2014 | — | — | — | — | 281 |
| 2013 | — | — | — | — | 270 |
| 2012 | — | — | — | — | 0 |
| 2011 | — | — | — | — | 233 |
| 2009 | — | — | — | — | 148 |
| 2008 | — | — | — | — | 12 |
| 2007 | — | — | — | — | 125 |
| 2006 | — | — | — | — | 110 |
| 2005 | — | — | — | — | 75 |
| 2004 | — | — | — | — | 52 |
| 2003 | — | — | — | — | 37 |
| 2002 | — | — | — | — | 24 |
| 2001 | — | — | — | — | 22 |
| 2000 | — | — | — | — | 14 |
| 1999 | — | — | — | — | 9 |
| 1998 | — | — | — | — | 9 |
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
4.6 %
Net profit / revenue
Return on equity (ROE)
8.5 %
Net profit / equity
Return on assets (ROA)
6.2 %
Net profit / assets
Equity ratio
73.4 %
Equity / assets
Debt ratio
26.6 %
Liabilities / assets
Current ratio
2.41
Current assets / current liabilities
Revenue per employee
205 540 €
Revenue / average full-time employees
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 30 Jun 2026 | Consolidated · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 30 Jun 2025 | Consolidated · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 30 Jun 2024 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 30 Jun 2023 | Consolidated · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 30 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 | 31 Oct 2020 | Consolidated · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 6 | 5 500 000 € | AS SEB Pank | 14 Jan 2022 – in force |
| 5 | 2 300 000 € | AS SEB Pank | 20 Dec 2018 – in force |
| 4 | 2 000 000 € | AS SEB Pank | 17 Jan 2018 – in force |
| 3 | 650 000 € | AS SEB Pank | 12 Sep 2013 – in force |
| 2 | 22 000 000 EEK | AS SEB Pank | 26 Feb 2008 – in force |
| 1 | 13 000 000 EEK | AS SEB Pank | 15 Aug 2007 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 27 Sep 2017
- Rain RaudseppBoard member · since 22 Mar 2024
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%
Beneficial owners
- Jüri KülvikIndirect ownership · since 26 Oct 2018
Founders and other persons
- AS LemeksFounder · 400 000 € · 3 Nov 1997
- KPMG Baltics OÜAudit firm · 5 Sep 2023
- Jüri KülvikChairman of the supervisory board · 27 Jan 2023
- Timo HermlinSupervisory board member · 23 Dec 2022
- Karmo PiikmannSupervisory board member · 2 Sep 2025
- Margo LemettiSupervisory board member · 23 Sep 2025
- Omanikukonto: AS LEMEKSShareholder · 68 160 € · 5 Dec 2025
- Omanikukonto: OÜ RAINMAN ARENDUSShareholder · 10 368 € · 5 Dec 2025
Related companies
Activities (EMTAK)
- 16231Manufacture of prefabricated wooden buildings or elements thereof Main
- 16111Sawmilling and planing of wood
- 16219Manufacture of other fibreboard
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 20009654 / 29 22 Mar 2024 |
Amendment entry | In force 22 Mar 2024 |
||
| Ä 20009654 / 28 19 Mar 2024 |
Amendment under Code of Civil Procedure § 595¹ (1) | In force 19 Mar 2024 |
||
| Ä 20009654 / M13 12 Mar 2024 |
Ruling to eliminate deficiencies | 17 Apr 2024 | Deficiencies eliminated 19 Mar 2024 |
|
| Ä 20009654 / 27 27 Jan 2023 |
Amendment entry | In force 27 Jan 2023 |
||
| Ä 20009654 / M12 28 Dec 2022 |
Ruling to eliminate deficiencies | 27 Jan 2023 | Deficiencies eliminated 27 Jan 2023 |
|
| K 20009654 / 26 14 Jan 2022 |
Commercial pledge entered | In force 14 Jan 2022 |
||
| K 20009654 / 25 20 Dec 2018 |
Commercial pledge entered | In force 20 Dec 2018 |
||
| K 20009654 / M11 11 Dec 2018 |
Procedural ruling | 21 Dec 2018 | Deficiencies eliminated 20 Dec 2018 |
|
| Ä 20009654 / 24 21 Sep 2018 |
Second (constitutive) merger entry | In force 21 Sep 2018 |
||
| Ä 20009654 / M10 20 Sep 2018 |
Ruling to eliminate deficiencies | 5 Oct 2018 | Deficiencies eliminated 20 Sep 2018 |
|
| Ä 20009654 / 23 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| K 20009654 / 22 17 Jan 2018 |
Commercial pledge entered | In force 17 Jan 2018 |
||
| K 20009654 / 21 17 Jan 2018 |
Commercial pledge amended | In force 17 Jan 2018 |
||
| Ä 20009654 / 20 22 Dec 2017 |
Amendment entry | In force 22 Dec 2017 |
||
| Ä 20009654 / 19 3 Dec 2017 |
Amendment entry | In force 3 Dec 2017 |
||
| Ä 20009654 / 18 27 Sep 2017 |
Amendment entry | In force 27 Sep 2017 |
||
| Ä 20009654 / 17 5 Jan 2016 |
Amendment entry | In force 5 Jan 2016 |
||
| Ä 20009654 / 16 1 Dec 2015 |
Third (informative) division entry | In force 1 Dec 2015 |
||
| Ä 20009654 / 15 1 Dec 2015 |
First (declaratory) division entry | In force 1 Dec 2015 |
||
| Ä 20009654 / M9 13 Nov 2015 |
Ruling to eliminate deficiencies | 28 Nov 2015 | In force 13 Nov 2015 |
|
| Ä 20009654 / 14 9 Nov 2015 |
Amendment entry | In force 9 Nov 2015 |
||
| Ä 20009654 / M8 29 Oct 2015 |
Ruling to eliminate deficiencies | 28 Nov 2015 | Deficiencies eliminated 5 Nov 2015 |
|
| Ä 20009654 / 13 15 Sep 2015 |
Amendment entry | In force 15 Sep 2015 |
||
| Ä 20009654 / M7 3 Sep 2015 |
Ruling to eliminate deficiencies | 13 Sep 2015 | In force 3 Sep 2015 |
|
| Ä 20009654 / 12 11 Nov 2014 |
Amendment under Commercial Code § 525 (2) | In force 11 Nov 2014 |
||
| K 20009654 / 9 29 May 2014 |
Commercial pledge amended | In force 29 May 2014 |
||
| K 20009654 / 11 29 May 2014 |
Commercial pledge amended | In force 29 May 2014 |
||
| K 20009654 / 10 29 May 2014 |
Commercial pledge amended | In force 29 May 2014 |
||
| Ä 20009654 / M6 15 Oct 2013 |
Refund of the state fee | In force 15 Oct 2013 |
||
| Ä 20009654 / M5 15 Oct 2013 |
Ruling annulling a ruling | In force 15 Oct 2013 |
||
| K 20009654 / 8 12 Sep 2013 |
Commercial pledge entered | In force 12 Sep 2013 |
||
| K 20009654 / M3 12 Jul 2013 |
Ruling to eliminate deficiencies | 11 Aug 2013 | Deficiencies eliminated 12 Sep 2013 |
|
| Ä 9654 / 7 3 Dec 2008 |
Deletion of activities from the registry card | In force 29 Dec 2008 |
||
| K 39270 / 2 26 Feb 2008 |
Commercial pledge entered | In force 26 Feb 2008 |
||
| K 39270 / M1 22 Feb 2008 |
Ruling to eliminate deficiencies (to be served) | 26 Mar 2008 | In force 25 Feb 2008 |
|
| K 39270 15 Aug 2007 |
Commercial pledge entered | In force 15 Aug 2007 |
||
| Ä 9654 / 6 20 Jul 2005 |
Amendment entry | In force | ||
| Ä 9654 / M2 13 Jul 2005 |
Ruling to eliminate deficiencies (to be served) | 31 Aug 2005 | In force | |
| Ä 9654 / M1 10 May 2005 |
Ruling to eliminate deficiencies (to be served) | 11 Jul 2005 | In force | |
| Ä 9654 / 5 5 Nov 2002 |
Entry decision on the register’s own initiative | In force | ||
| Ä 9654 / 4 19 Aug 2002 |
Published amendment entry | In force |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data