Tallinna Elektrotehnika Tehas "Estel" OÜ

Active Registry code 10668696 OÜ Tallinn Registered 25 Apr 2000
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Tallinna Elektrotehnika Tehas "Estel" OÜ is a OÜ based in Tallinn, registry code 10668696, status: active. Main activity: Manufacture of electric motors, generators and transformers. According to EMTA, turnover for Q3 2026 was €604 384 with 65 employees.

Turnover
604 384 €
↓ 59.3% vs Q2 2026
State taxes
204 562 €
↓ 2.8% vs Q2 2026
Labour taxes
185 991 €
↓ 2.7% vs Q2 2026
Employees
65
−2 vs Q2 2026

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

Position in the industry Manufacture of electrical equipment · EMTAK 27

  • Turnover · Q3 2026 604 384 €
    industry median 215 709 € · companies in the industry: 143
  • Labour taxes per employee 2 861 €
    industry median 2 978 € · companies in the industry: 116
  • Revenue · 2025 1.2 mn €
    industry median 131 237 € · companies in the industry: 178
  • Net profit margin · 2025 -121.1 %
    industry median 3.8 % · companies in the industry: 135

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 604 384 € · −59.3% vs Q2 2026 · industry median 215 709 € · above 67% of the industry
05001 0001 500Q4 2023 Company: 1 419 937 € Industry median: 279 466 €Q4·23Q1 2024 Company: 646 003 € Industry median: 210 065 €Q2 2024 Company: 903 283 € Industry median: 197 044 €Q2·24Q3 2024 Company: 406 114 € Industry median: 172 996 €Q4 2024 Company: 532 725 € Industry median: 237 912 €Q4·24Q1 2025 Company: 1 103 127 € Industry median: 196 687 €Q2 2025 Company: 686 053 € Industry median: 215 340 €Q2·25Q3 2025 Company: 496 829 € Industry median: 234 946 €Q4 2025 Company: 399 315 € Industry median: 231 679 €Q4·25Q1 2026 Company: 289 107 € Industry median: 243 069 €Q2 2026 Company: 1 483 728 € Industry median: 256 305 €Q2·26Q3 2026 Company: 604 384 € Industry median: 215 709 €Q3·2605001 0001 500Q4 2024 Company: 532 725 € Industry median: 237 912 €Q1 2025 Company: 1 103 127 € Industry median: 196 687 €Q1·25Q2 2025 Company: 686 053 € Industry median: 215 340 €Q3 2025 Company: 496 829 € Industry median: 234 946 €Q3·25Q4 2025 Company: 399 315 € Industry median: 231 679 €Q1 2026 Company: 289 107 € Industry median: 243 069 €Q1·26Q2 2026 Company: 1 483 728 € Industry median: 256 305 €Q3 2026 Company: 604 384 € Industry median: 215 709 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of electrical equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 861 € · +0.3% vs Q2 2026 · industry median 2 978 € · above 47% of the industry
01 0002 0003 0004 000Q4 2023 Company: 2 712 € Industry median: 2 437 €Q4·23Q1 2024 Company: 2 821 € Industry median: 2 523 €Q2 2024 Company: 3 090 € Industry median: 2 614 €Q2·24Q3 2024 Company: 2 909 € Industry median: 2 569 €Q4 2024 Company: 2 867 € Industry median: 2 666 €Q4·24Q1 2025 Company: 3 037 € Industry median: 2 627 €Q2 2025 Company: 2 945 € Industry median: 2 700 €Q2·25Q3 2025 Company: 3 054 € Industry median: 3 089 €Q4 2025 Company: 2 967 € Industry median: 2 877 €Q4·25Q1 2026 Company: 2 811 € Industry median: 2 829 €Q2 2026 Company: 2 852 € Industry median: 2 852 €Q2·26Q3 2026 Company: 2 861 € Industry median: 2 978 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 2 867 € Industry median: 2 666 €Q1 2025 Company: 3 037 € Industry median: 2 627 €Q1·25Q2 2025 Company: 2 945 € Industry median: 2 700 €Q3 2025 Company: 3 054 € Industry median: 3 089 €Q3·25Q4 2025 Company: 2 967 € Industry median: 2 877 €Q1 2026 Company: 2 811 € Industry median: 2 829 €Q1·26Q2 2026 Company: 2 852 € Industry median: 2 852 €Q3 2026 Company: 2 861 € Industry median: 2 978 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of electrical equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 65 · −3.0% vs Q2 2026
020406080100Q4 2023 Company: 81Q4·23Q1 2024 Company: 76Q2 2024 Company: 72Q2·24Q3 2024 Company: 70Q4 2024 Company: 67Q4·24Q1 2025 Company: 66Q2 2025 Company: 68Q2·25Q3 2025 Company: 66Q4 2025 Company: 65Q4·25Q1 2026 Company: 67Q2 2026 Company: 67Q2·26Q3 2026 Company: 65Q3·26020406080Q4 2024 Company: 67Q1 2025 Company: 66Q1·25Q2 2025 Company: 68Q3 2025 Company: 66Q3·25Q4 2025 Company: 65Q1 2026 Company: 67Q1·26Q2 2026 Company: 67Q3 2026 Company: 65Q3·26
State taxes, € thousand Q3 2026: 204 562 € · −2.8% vs Q2 2026
050100150200250Q4 2023 Company: 232 157 €Q4·23Q1 2024 Company: 222 333 €Q2 2024 Company: 216 187 €Q2·24Q3 2024 Company: 196 536 €Q4 2024 Company: 193 213 €Q4·24Q1 2025 Company: 210 489 €Q2 2025 Company: 196 658 €Q2·25Q3 2025 Company: 201 845 €Q4 2025 Company: 200 899 €Q4·25Q1 2026 Company: 195 579 €Q2 2026 Company: 210 353 €Q2·26Q3 2026 Company: 204 562 €Q3·26050100150200250Q4 2024 Company: 193 213 €Q1 2025 Company: 210 489 €Q1·25Q2 2025 Company: 196 658 €Q3 2025 Company: 201 845 €Q3·25Q4 2025 Company: 200 899 €Q1 2026 Company: 195 579 €Q1·26Q2 2026 Company: 210 353 €Q3 2026 Company: 204 562 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 604 384 204 562 185 991 65
Q2 2026 1 483 728 210 353 191 080 67
Q1 2026 289 107 195 579 188 368 67
Q4 2025 399 315 200 899 192 839 65
Q3 2025 496 829 201 845 201 547 66
Q2 2025 686 053 196 658 200 252 68
Q1 2025 1 103 127 210 489 200 462 66
Q4 2024 532 725 193 213 192 101 67
Q3 2024 406 114 196 536 203 647 70
Q2 2024 903 283 216 187 222 447 72
Q1 2024 646 003 222 333 214 381 76
Q4 2023 1 419 937 232 157 219 661 81
Q3 2023 485 985 364 576 299 685 85
Q2 2023 3 271 377 349 085 329 196 88
Q1 2023 1 382 511 259 316 213 892 85
Q4 2022 2 801 436 292 052 224 074 83
Q3 2022 2 418 737 888 588 302 826 87
Q2 2022 2 131 752 300 016 232 109 82
Q1 2022 1 951 135 333 967 277 584 104
Labour taxes per employee per month
954 €
Turnover per employee in the quarter
9 298 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 1 208 085 € · −56.3% vs 2024 · industry median 131 237 € · above 72% of the industry
05 00010 00015 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 8 065 922 € Industry median: 301 998 €20192020 Company: 10 677 937 € Industry median: 270 335 €20202021 Company: 13 337 837 € Industry median: 293 229 €20212022 Company: 7 465 936 € Industry median: 239 010 €20222023 Company: 5 917 862 € Industry median: 217 400 €20232024 Company: 2 766 881 € Industry median: 180 833 €20242025 Company: 1 208 085 € Industry median: 131 237 €202505 00010 00015 0002018 Company: — Industry median: —2019 Company: 8 065 922 € Industry median: 301 998 €20192020 Company: 10 677 937 € Industry median: 270 335 €2021 Company: 13 337 837 € Industry median: 293 229 €20212022 Company: 7 465 936 € Industry median: 239 010 €2023 Company: 5 917 862 € Industry median: 217 400 €20232024 Company: 2 766 881 € Industry median: 180 833 €2025 Company: 1 208 085 € Industry median: 131 237 €2025
  • Company
  • Industry median

Industry: Manufacture of electrical equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -1 463 509 € · −68.4% vs 2024 · industry median 915 € · above 2% of the industry
-2 000-1 00001 0002 0003 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 163 790 € Industry median: 4 909 €20192020 Company: 975 151 € Industry median: 3 640 €20202021 Company: 2 317 973 € Industry median: 7 004 €20212022 Company: 513 366 € Industry median: 3 267 €20222023 Company: 34 085 € Industry median: 1 920 €20232024 Company: -869 247 € Industry median: 1 406 €20242025 Company: -1 463 509 € Industry median: 915 €2025-2 000-1 00001 0002 0003 0002018 Company: — Industry median: —2019 Company: 1 163 790 € Industry median: 4 909 €20192020 Company: 975 151 € Industry median: 3 640 €2021 Company: 2 317 973 € Industry median: 7 004 €20212022 Company: 513 366 € Industry median: 3 267 €2023 Company: 34 085 € Industry median: 1 920 €20232024 Company: -869 247 € Industry median: 1 406 €2025 Company: -1 463 509 € Industry median: 915 €2025
  • Company
  • Industry median

Industry: Manufacture of electrical equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -121.1 % · −89.7 pp vs the year before · industry median 3.8 % · above 2% of the industry
-150-100-500502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 14.4 % Industry median: 4.7 %20192020 Company: 9.1 % Industry median: 4.2 %20202021 Company: 17.4 % Industry median: 4.4 %20212022 Company: 6.9 % Industry median: 4.7 %20222023 Company: 0.6 % Industry median: 5.0 %20232024 Company: -31.4 % Industry median: 4.2 %20242025 Company: -121.1 % Industry median: 3.8 %2025-150-100-500502018 Company: — Industry median: —2019 Company: 14.4 % Industry median: 4.7 %20192020 Company: 9.1 % Industry median: 4.2 %2021 Company: 17.4 % Industry median: 4.4 %20212022 Company: 6.9 % Industry median: 4.7 %2023 Company: 0.6 % Industry median: 5.0 %20232024 Company: -31.4 % Industry median: 4.2 %2025 Company: -121.1 % Industry median: 3.8 %2025
  • Company
  • Industry median

Industry: Manufacture of electrical equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 8 300 171 € · −10.1% vs 2024
02 5005 0007 50010 00012 5002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 8 398 816 €20192020 Company: 11 126 329 €20202021 Company: 12 425 531 €20212022 Company: 10 802 960 €20222023 Company: 10 310 063 €20232024 Company: 9 236 997 €20242025 Company: 8 300 171 €202502 5005 0007 50010 00012 5002018 Company: —2019 Company: 8 398 816 €20192020 Company: 11 126 329 €2021 Company: 12 425 531 €20212022 Company: 10 802 960 €2023 Company: 10 310 063 €20232024 Company: 9 236 997 €2025 Company: 8 300 171 €2025
Equity, € thousand 2025: 2 251 654 € · −39.4% vs 2024
02 5005 0007 50010 00012 5002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 7 466 900 €20192020 Company: 8 252 051 €20202021 Company: 10 428 812 €20212022 Company: 8 769 110 €20222023 Company: 4 584 410 €20232024 Company: 3 715 163 €20242025 Company: 2 251 654 €202502 5005 0007 50010 00012 5002018 Company: —2019 Company: 7 466 900 €20192020 Company: 8 252 051 €2021 Company: 10 428 812 €20212022 Company: 8 769 110 €2023 Company: 4 584 410 €20232024 Company: 3 715 163 €2025 Company: 2 251 654 €2025
Employees 2025: 60 · −10.4% vs 2024 · industry median 8 · above 78% of the industry
02550751001252016 Company: 76 Industry median: —20162017 Company: 66 Industry median: —20172018 Company: 60 Industry median: 9.520182019 Company: 80 Industry median: 1020192020 Company: 90 Industry median: 1020202021 Company: 116 Industry median: 920212022 Company: 88 Industry median: 920222023 Company: 73 Industry median: 1020232024 Company: 67 Industry median: 1020242025 Company: 60 Industry median: 8202502550751001252018 Company: 60 Industry median: 9.52019 Company: 80 Industry median: 1020192020 Company: 90 Industry median: 102021 Company: 116 Industry median: 920212022 Company: 88 Industry median: 92023 Company: 73 Industry median: 1020232024 Company: 67 Industry median: 102025 Company: 60 Industry median: 82025
  • Company
  • Industry median

Industry: Manufacture of electrical equipment (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 1 208 085 -1 463 509 1 948 206 8 300 171 2 251 654 60
2024 2 766 881 -869 247 2 062 894 9 236 997 3 715 163 67
2023 5 917 862 34 085 2 525 787 10 310 063 4 584 410 73
2022 7 465 936 513 366 2 510 691 10 802 960 8 769 110 88
2021 13 337 837 2 317 973 2 769 704 12 425 531 10 428 812 116
2020 10 677 937 975 151 2 485 477 11 126 329 8 252 051 90
2019 8 065 922 1 163 790 1 865 156 8 398 816 7 466 900 80
2018 — — — — — 60
2017 — — — — — 66
2016 — — — — — 76
2015 — — — — — 95
2014 — — — — — 131
2013 — — — — — 130
2012 — — — — — 0
2011 — — — — — 166
2010 — — — — — 60
2009 — — — — — 58
2008 — — — — — 93
2007 — — — — — 93
2006 — — — — — 59
2005 — — — — — 59
2004 — — — — — 61
2003 — — — — — 58
2002 — — — — — 32
2001 — — — — — 43
2000 — — — — — 52

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
-121.1 %
Net profit / revenue
Return on equity (ROE)
-65.0 %
Net profit / equity
Return on assets (ROA)
-17.6 %
Net profit / assets
Equity ratio
27.1 %
Equity / assets
Debt ratio
72.9 %
Liabilities / assets
Current ratio
1.03
Current assets / current liabilities
Revenue per employee
20 135 €
Revenue / average full-time employees
Labour cost per employee per month
2 706 €
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 3 Jul 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 17 Jul 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 28 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 22 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 13 Aug 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 10 Aug 2020 Company’s own · audited e-Äriregister

Board

Right of representation

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

Owners

  • FORWARD CURRENT SA
    Legal person · 1 000 020 €

Beneficial owners

  • Jacqueline Nabih
    Right to appoint or remove most of the management · CHE · since 26 Jul 2023

Founders and other persons

Activities (EMTAK)

  • 27111Manufacture of electric motors, generators and transformers Main
  • 27121Manufacture of electricity distribution and control apparatus
  • 33201Installation of industrial machinery and equipment
  • 46643Wholesale of electrical material and their requisites and electrical machines, including cables
Rulings
Number, date Title Deadline State Document
Ä 10048794 / 23
14 Jul 2026
Transformation entry In force
14 Jul 2026
PDF
Ä 10048794 / M13
7 Jul 2024
Warning of a fine: annual report not filed 6 Aug 2024 Deficiencies eliminated
19 Jul 2024
PDF
Ä 10048794 / 22
20 Nov 2023
Amendment entry In force
20 Nov 2023
PDF
Ä 10048794 / M12
15 Nov 2023
Ruling to eliminate deficiencies 30 Nov 2023 Deficiencies eliminated
20 Nov 2023
PDF
Ä 10048794 / 21
4 Jul 2023
Amendment entry In force
4 Jul 2023
PDF
Ä 10048794 / M11
23 Feb 2023
Ruling to correct data outside an entry 25 Mar 2023 In force
23 Feb 2023
PDF
Ä 10048794 / M10
7 Feb 2023
Procedural ruling 17 Feb 2023 Deficiencies eliminated
9 Feb 2023
PDF
Ä 10048794 / 20
6 Oct 2020
Amendment entry In force
6 Oct 2020
PDF
Ä 10048794 / M9
4 Sep 2020
Procedural ruling 30 Sep 2020 Deficiencies eliminated
11 Sep 2020
PDF
Ä 10048794 / M8
21 Aug 2020
Ruling to correct data outside an entry 4 Sep 2020 Deficiencies eliminated
11 Sep 2020
PDF
Ä 10048794 / 19
16 Apr 2020
Amendment entry In force
16 Apr 2020
PDF
Ä 10048794 / M7
31 Mar 2020
Procedural ruling 29 Jun 2020 Deficiencies eliminated
16 Apr 2020
PDF
Ä 10048794 / M6
17 Mar 2020
Ruling to eliminate deficiencies 16 Apr 2020 Deficiencies eliminated
16 Apr 2020
PDF
Ä 10048794 / 18
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10048794 / 17
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10048794 / 16
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10048794 / 15
14 Sep 2016
Amendment entry In force
14 Sep 2016
PDF
Ä 10048794 / 14
19 Aug 2015
Amendment entry In force
19 Aug 2015
PDF
Ä 10048794 / M5
14 Aug 2015
Ruling to eliminate deficiencies 13 Sep 2015 Deficiencies eliminated
19 Aug 2015
PDF
Ä 10048794 / 13
4 Jul 2012
Second (constitutive) merger entry In force
4 Jul 2012
PDF
Ä 10048794 / 12
20 Sep 2011
Amendment entry In force
20 Sep 2011
PDF
Ä 10048794 / M4
12 Sep 2011
Ruling to eliminate deficiencies 14 Nov 2011 Deficiencies eliminated
16 Sep 2011
PDF
Ä 10048794 / 11
14 Jun 2011
Second (constitutive) merger entry In force
14 Jun 2011
PDF
Ä 10048794 / 10
3 Sep 2010
Amendment entry In force
3 Sep 2010
PDF
K 10097446 / 6
18 Aug 2010
Commercial pledge deleted In force
18 Aug 2010
PDF
K 10097446 / 5
18 Aug 2010
Commercial pledge deleted In force
18 Aug 2010
PDF
Ä 10048794 / 9
12 Aug 2010
Second (constitutive) merger entry In force
12 Aug 2010
PDF
K 10097446 / 4
12 Aug 2010
Commercial pledge amended (Commercial Code § 33 (7.1)) In force
12 Aug 2010
PDF
K 10097446 / 3
12 Aug 2010
Commercial pledge amended (Commercial Code § 33 (7.1)) In force
12 Aug 2010
PDF
Ä 10048794 / M3
11 Aug 2010
Ruling to eliminate deficiencies 11 Sep 2010 In force
11 Aug 2010
PDF
Ä 48794 / 8
3 Dec 2008
Deletion of activities from the registry card In force
4 Dec 2008
PDF
Ä 48794 / 7
17 Apr 2008
Amendment entry In force
17 Apr 2008
PDF
Ä 48794 / M2
14 Apr 2008
Ruling to eliminate deficiencies (to be served) In force
18 Apr 2008
PDF
Ä 48794 / 6
2 Mar 2007
Amendment entry In force
2 Mar 2007
PDF
K 97446 / 2
25 May 2006
Commercial pledge entered In force
25 May 2006
PDF
K 97446
4 Apr 2006
Commercial pledge entered In force
4 Apr 2006
PDF
Ä 48794 / 5
3 Jan 2005
Amendment entry In force PDF
Ä 48794 / M1
28 Nov 2003
Ruling to eliminate deficiencies (to be served) 30 Jan 2004 In force PDF
Ä 48794 / 4
13 Oct 2003
Amendment entry In force PDF
Ä 48794 / 3
6 Aug 2003
Entry decision on the register’s own initiative In force PDF

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