Ecoterm AS

Active Registry code 10435319 AS Kose alevik Registered 29 Apr 1998
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Ecoterm AS is a AS based in Kose alevik, registry code 10435319, status: active. Main activity: Manufacture of non-domestic air conditioning equipment. According to EMTA, turnover for Q3 2026 was €692 330 with 15 employees.

Turnover
692 330 €
↑ 22.8% vs Q2 2026
State taxes
77 714 €
↑ 1.3% vs Q2 2026
Labour taxes
40 626 €
↑ 6.0% vs Q2 2026
Employees
15
+1 vs Q2 2026

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

Position in the industry Manufacture of machinery and equipment n.e.c. · EMTAK 28

  • Turnover · Q3 2026 692 330 €
    industry median 130 544 € · companies in the industry: 217
  • Labour taxes per employee 2 708 €
    industry median 3 287 € · companies in the industry: 159
  • Revenue · 2025 2.1 mn €
    industry median 111 300 € · companies in the industry: 279
  • Net profit margin · 2025 -2.9 %
    industry median 3.0 % · companies in the industry: 216

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 692 330 € · +22.8% vs Q2 2026 · industry median 130 544 € · above 72% of the industry
02004006008001 000Q4 2023 Company: 819 831 € Industry median: 169 313 €Q4·23Q1 2024 Company: 445 271 € Industry median: 104 294 €Q2 2024 Company: 452 132 € Industry median: 149 915 €Q2·24Q3 2024 Company: 818 356 € Industry median: 116 819 €Q4 2024 Company: 852 902 € Industry median: 125 620 €Q4·24Q1 2025 Company: 540 923 € Industry median: 107 376 €Q2 2025 Company: 526 042 € Industry median: 120 320 €Q2·25Q3 2025 Company: 646 921 € Industry median: 113 462 €Q4 2025 Company: 838 108 € Industry median: 118 117 €Q4·25Q1 2026 Company: 544 124 € Industry median: 121 481 €Q2 2026 Company: 563 742 € Industry median: 134 270 €Q2·26Q3 2026 Company: 692 330 € Industry median: 130 544 €Q3·2602004006008001 000Q4 2024 Company: 852 902 € Industry median: 125 620 €Q1 2025 Company: 540 923 € Industry median: 107 376 €Q1·25Q2 2025 Company: 526 042 € Industry median: 120 320 €Q3 2025 Company: 646 921 € Industry median: 113 462 €Q3·25Q4 2025 Company: 838 108 € Industry median: 118 117 €Q1 2026 Company: 544 124 € Industry median: 121 481 €Q1·26Q2 2026 Company: 563 742 € Industry median: 134 270 €Q3 2026 Company: 692 330 € Industry median: 130 544 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 708 € · −1.1% vs Q2 2026 · industry median 3 287 € · above 38% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 2 793 € Industry median: 2 757 €Q4·23Q1 2024 Company: 3 319 € Industry median: 2 612 €Q2 2024 Company: 2 063 € Industry median: 2 939 €Q2·24Q3 2024 Company: 2 670 € Industry median: 2 942 €Q4 2024 Company: 3 236 € Industry median: 2 826 €Q4·24Q1 2025 Company: 4 036 € Industry median: 3 204 €Q2 2025 Company: 3 110 € Industry median: 3 161 €Q2·25Q3 2025 Company: 2 967 € Industry median: 3 238 €Q4 2025 Company: 3 275 € Industry median: 3 419 €Q4·25Q1 2026 Company: 3 495 € Industry median: 3 110 €Q2 2026 Company: 2 739 € Industry median: 3 050 €Q2·26Q3 2026 Company: 2 708 € Industry median: 3 287 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 3 236 € Industry median: 2 826 €Q1 2025 Company: 4 036 € Industry median: 3 204 €Q1·25Q2 2025 Company: 3 110 € Industry median: 3 161 €Q3 2025 Company: 2 967 € Industry median: 3 238 €Q3·25Q4 2025 Company: 3 275 € Industry median: 3 419 €Q1 2026 Company: 3 495 € Industry median: 3 110 €Q1·26Q2 2026 Company: 2 739 € Industry median: 3 050 €Q3 2026 Company: 2 708 € Industry median: 3 287 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 15 · +7.1% vs Q2 2026
051015Q4 2023 Company: 15Q4·23Q1 2024 Company: 12Q2 2024 Company: 14Q2·24Q3 2024 Company: 14Q4 2024 Company: 13Q4·24Q1 2025 Company: 12Q2 2025 Company: 13Q2·25Q3 2025 Company: 14Q4 2025 Company: 14Q4·25Q1 2026 Company: 14Q2 2026 Company: 14Q2·26Q3 2026 Company: 15Q3·26051015Q4 2024 Company: 13Q1 2025 Company: 12Q1·25Q2 2025 Company: 13Q3 2025 Company: 14Q3·25Q4 2025 Company: 14Q1 2026 Company: 14Q1·26Q2 2026 Company: 14Q3 2026 Company: 15Q3·26
State taxes, € thousand Q3 2026: 77 714 € · +1.3% vs Q2 2026
050100150Q4 2023 Company: 120 975 €Q4·23Q1 2024 Company: 78 725 €Q2 2024 Company: 48 759 €Q2·24Q3 2024 Company: 99 587 €Q4 2024 Company: 140 977 €Q4·24Q1 2025 Company: 115 555 €Q2 2025 Company: 65 998 €Q2·25Q3 2025 Company: 85 597 €Q4 2025 Company: 121 281 €Q4·25Q1 2026 Company: 93 193 €Q2 2026 Company: 76 731 €Q2·26Q3 2026 Company: 77 714 €Q3·26050100150Q4 2024 Company: 140 977 €Q1 2025 Company: 115 555 €Q1·25Q2 2025 Company: 65 998 €Q3 2025 Company: 85 597 €Q3·25Q4 2025 Company: 121 281 €Q1 2026 Company: 93 193 €Q1·26Q2 2026 Company: 76 731 €Q3 2026 Company: 77 714 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 692 330 77 714 40 626 15
Q2 2026 563 742 76 731 38 339 14
Q1 2026 544 124 93 193 48 933 14
Q4 2025 838 108 121 281 45 850 14
Q3 2025 646 921 85 597 41 541 14
Q2 2025 526 042 65 998 40 432 13
Q1 2025 540 923 115 555 48 436 12
Q4 2024 852 902 140 977 42 068 13
Q3 2024 818 356 99 587 37 383 14
Q2 2024 452 132 48 759 28 879 14
Q1 2024 445 271 78 725 39 830 12
Q4 2023 819 831 120 975 41 898 15
Q3 2023 577 407 70 410 41 028 16
Q2 2023 609 687 98 408 38 539 16
Q1 2023 545 595 91 989 45 573 16
Q4 2022 825 103 115 577 42 687 17
Q3 2022 734 439 101 905 40 923 15
Q2 2022 523 940 55 903 26 929 16
Q1 2022 490 811 62 641 37 164 16
Labour taxes per employee per month
903 €
Turnover per employee in the quarter
46 155 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 2 129 118 € · +2.3% vs 2024 · industry median 111 300 € · above 79% of the industry
05001 0001 5002 0002 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 337 550 € Industry median: 219 409 €20192020 Company: 1 195 632 € Industry median: 181 444 €20202021 Company: 1 637 763 € Industry median: 156 036 €20212022 Company: 2 287 430 € Industry median: 131 130 €20222023 Company: 2 116 214 € Industry median: 122 716 €20232024 Company: 2 080 982 € Industry median: 128 580 €20242025 Company: 2 129 118 € Industry median: 111 300 €202505001 0001 5002 0002 5002018 Company: — Industry median: —2019 Company: 1 337 550 € Industry median: 219 409 €20192020 Company: 1 195 632 € Industry median: 181 444 €2021 Company: 1 637 763 € Industry median: 156 036 €20212022 Company: 2 287 430 € Industry median: 131 130 €2023 Company: 2 116 214 € Industry median: 122 716 €20232024 Company: 2 080 982 € Industry median: 128 580 €2025 Company: 2 129 118 € Industry median: 111 300 €2025
  • Company
  • Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -60 819 € · −196.3% vs 2024 · industry median 685 € · above 10% of the industry
-10001002003002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 114 967 € Industry median: 6 767 €20192020 Company: 84 344 € Industry median: 5 345 €20202021 Company: 106 836 € Industry median: 6 468 €20212022 Company: 280 259 € Industry median: 2 794 €20222023 Company: 29 231 € Industry median: 1 070 €20232024 Company: 63 182 € Industry median: 0 €20242025 Company: -60 819 € Industry median: 685 €2025-10001002003002018 Company: — Industry median: —2019 Company: 114 967 € Industry median: 6 767 €20192020 Company: 84 344 € Industry median: 5 345 €2021 Company: 106 836 € Industry median: 6 468 €20212022 Company: 280 259 € Industry median: 2 794 €2023 Company: 29 231 € Industry median: 1 070 €20232024 Company: 63 182 € Industry median: 0 €2025 Company: -60 819 € Industry median: 685 €2025
  • Company
  • Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -2.9 % · −5.9 pp vs the year before · industry median 3.0 % · above 28% of the industry
-50510152016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 8.6 % Industry median: 5.8 %20192020 Company: 7.1 % Industry median: 6.7 %20202021 Company: 6.5 % Industry median: 6.2 %20212022 Company: 12.3 % Industry median: 4.6 %20222023 Company: 1.4 % Industry median: 4.9 %20232024 Company: 3.0 % Industry median: 3.3 %20242025 Company: -2.9 % Industry median: 3.0 %2025-50510152018 Company: — Industry median: —2019 Company: 8.6 % Industry median: 5.8 %20192020 Company: 7.1 % Industry median: 6.7 %2021 Company: 6.5 % Industry median: 6.2 %20212022 Company: 12.3 % Industry median: 4.6 %2023 Company: 1.4 % Industry median: 4.9 %20232024 Company: 3.0 % Industry median: 3.3 %2025 Company: -2.9 % Industry median: 3.0 %2025
  • Company
  • Industry median

Industry: Manufacture of machinery and equipment n.e.c. (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 786 089 € · −1.9% vs 2024
02505007501 0001 2502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 528 202 €20192020 Company: 552 744 €20202021 Company: 707 658 €20212022 Company: 1 138 933 €20222023 Company: 921 783 €20232024 Company: 801 489 €20242025 Company: 786 089 €202502505007501 0001 2502018 Company: —2019 Company: 528 202 €20192020 Company: 552 744 €2021 Company: 707 658 €20212022 Company: 1 138 933 €2023 Company: 921 783 €20232024 Company: 801 489 €2025 Company: 786 089 €2025
Equity, € thousand 2025: 37 399 € · −85.5% vs 2024
02004006008002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 392 902 €20192020 Company: 388 671 €20202021 Company: 435 507 €20212022 Company: 635 766 €20222023 Company: 194 997 €20232024 Company: 258 218 €20242025 Company: 37 399 €202502004006008002018 Company: —2019 Company: 392 902 €20192020 Company: 388 671 €2021 Company: 435 507 €20212022 Company: 635 766 €2023 Company: 194 997 €20232024 Company: 258 218 €2025 Company: 37 399 €2025
Employees 2025: 9 · +0.0% vs 2024 · industry median 8 · above 55% of the industry
035810132016 Company: 9 Industry median: —20162017 Company: 10 Industry median: —20172018 Company: 11 Industry median: 820182019 Company: 10 Industry median: 820192020 Company: 9 Industry median: 820202021 Company: 9 Industry median: 8.520212022 Company: 11 Industry median: 820222023 Company: 11 Industry median: 720232024 Company: 9 Industry median: 820242025 Company: 9 Industry median: 82025035810132018 Company: 11 Industry median: 82019 Company: 10 Industry median: 820192020 Company: 9 Industry median: 82021 Company: 9 Industry median: 8.520212022 Company: 11 Industry median: 82023 Company: 11 Industry median: 720232024 Company: 9 Industry median: 82025 Company: 9 Industry median: 82025
  • Company
  • Industry median

Industry: Manufacture of machinery and equipment n.e.c. (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 2 129 118 -60 819 425 199 786 089 37 399 9
2024 2 080 982 63 182 354 424 801 489 258 218 9
2023 2 116 214 29 231 377 159 921 783 194 997 11
2022 2 287 430 280 259 366 426 1 138 933 635 766 11
2021 1 637 763 106 836 274 667 707 658 435 507 9
2020 1 195 632 84 344 220 421 552 744 388 671 9
2019 1 337 550 114 967 250 687 528 202 392 902 10
2018 — — — — — 11
2017 — — — — — 10
2016 — — — — — 9
2015 — — — — — 8
2014 — — — — — 7
2013 — — — — — 6
2012 — — — — — 7
2011 — — — — — 8
2010 — — — — — 8
2009 — — — — — 10
2008 — — — — — 10
2007 — — — — — 13
2006 — — — — — 13
2005 — — — — — 9
2004 — — — — — 8
2003 — — — — — 8
2002 — — — — — 8
2001 — — — — — 8
2000 — — — — — 10
1999 — — — — — 9
1998 — — — — — 9
1997 — — — — — 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
-2.6 %
Net profit / revenue
Return on equity (ROE)
-162.6 %
Net profit / equity
Return on assets (ROA)
-7.7 %
Net profit / assets
Equity ratio
4.8 %
Equity / assets
Debt ratio
95.2 %
Liabilities / assets
Current ratio
0.91
Current assets / current liabilities
Revenue per employee
255 226 €
Revenue / average full-time employees
Labour cost per employee per month
3 937 €
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 22 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 18 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 9 Jul 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 23 Nov 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 2 May 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 25 Jun 2020 Company’s own e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Ahto Talving
    Board member · since 30 Jul 2024

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

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 28251Manufacture of non-domestic air conditioning equipment Main
Rulings
Number, date Title Deadline State Document
Ä 10026339 / 14
30 Jul 2024
Amendment entry In force
30 Jul 2024
PDF
Ä 10026339 / M8
7 Jul 2024
Warning of deletion from the register: annual report not filed 10 Oct 2024 Deficiencies eliminated
10 Jul 2024
PDF
Ä 10026339 / M7
24 Aug 2023
Warning of deletion from the register: annual report not filed 27 Nov 2023 Deficiencies eliminated
24 Nov 2023
PDF
Ä 10026339 / 13
30 Nov 2020
Division entry (second, constitutive) In force
30 Nov 2020
PDF
Ä 10026339 / 12
23 Jul 2020
Entry refused In force
7 Aug 2020
PDF
Ä 10026339 / 11
3 Feb 2020
Amendment entry In force
3 Feb 2020
PDF
Ä 10026339 / M6
9 Jan 2020
Procedural ruling In force
9 Jan 2020
PDF
Ä 10026339 / 10
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10026339 / 9
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10026339 / 8
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10026339 / M5
18 Jul 2014
Ruling to correct data outside an entry 17 Aug 2014 Deficiencies eliminated
21 Jul 2014
PDF
Ä 10026339 / 7
9 Jul 2014
Amendment entry In force
9 Jul 2014
PDF
Ä 10026339 / 6
15 May 2012
Amendment entry In force
15 May 2012
PDF
Ä 10026339 / M4
23 Jan 2012
Ruling to eliminate deficiencies 15 May 2012 In force
23 Jan 2012
PDF
Ä 26339 / 5
3 Dec 2008
Deletion of activities from the registry card In force
10 Dec 2008
PDF
Ä 26339 / 4
30 Jul 2003
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