VELVET OÜ
Active Registry code 11016984
OÜ Tallinn Registered 25 Feb 2004
VELVET OÜ is a OÜ based in Tallinn, registry code 11016984, status: active. Main activity: Graphic design and visual communication activities. According to EMTA, turnover for Q3 2026 was €357 444 with 17 employees.
Turnover
357 444 €
↓ 15.2% vs Q2 2026
State taxes
136 058 €
↓ 4.3% vs Q2 2026
Labour taxes
84 797 €
↓ 10.4% vs Q2 2026
Employees
17
−1 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 357 444 €above 98% of companiesindustry median 9 242 € · companies in the industry: 2 536
- Labour taxes per employee 4 988 €above 98% of companiesindustry median 1 194 € · companies in the industry: 1 746
- Revenue · 2025 1.5 mn €above 98% of companiesindustry median 6 586 € · companies in the industry: 7 527
- Net profit margin · 2025 -4.6 %above 25% of companiesindustry median 10.4 % · companies in the industry: 5 370
Taxes and turnover
- Company
- Industry median
Industry: Other professional, scientific and technical activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Other professional, scientific and technical activities (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 | 357 444 | 136 058 | 84 797 | 17 |
| Q2 2026 | 421 459 | 142 138 | 94 630 | 18 |
| Q1 2026 | 401 863 | 151 995 | 105 376 | 19 |
| Q4 2025 | 436 014 | 187 070 | 126 407 | 20 |
| Q3 2025 | 289 106 | 108 065 | 78 443 | 22 |
| Q2 2025 | 408 477 | 160 516 | 109 922 | 23 |
| Q1 2025 | 351 194 | 103 183 | 70 752 | 24 |
| Q4 2024 | 482 258 | 105 540 | 59 436 | 25 |
| Q3 2024 | 329 442 | 133 535 | 101 969 | 25 |
| Q2 2024 | 477 895 | 160 939 | 100 060 | 36 |
| Q1 2024 | 446 835 | 159 747 | 102 930 | 35 |
| Q4 2023 | 563 525 | 149 743 | 96 171 | 34 |
| Q3 2023 | 493 883 | 148 949 | 104 302 | 31 |
| Q2 2023 | 518 843 | 167 222 | 104 502 | 35 |
| Q1 2023 | 465 484 | 127 944 | 97 721 | 35 |
| Q4 2022 | 627 143 | 130 777 | 82 807 | 30 |
| Q3 2022 | 511 400 | 112 282 | 78 067 | 30 |
| Q2 2022 | 498 256 | 84 911 | 81 290 | 31 |
| Q1 2022 | 497 637 | 122 056 | 79 369 | 31 |
Labour taxes per employee per month
1 663 €
Turnover per employee in the quarter
21 026 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Other professional, scientific and technical activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Other professional, scientific and technical activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Other professional, scientific and technical activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Other professional, scientific and technical activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 1 505 352 | -69 673 | 1 022 902 | 489 538 | 193 612 | 23 |
| 2024 | 1 464 508 | -28 736 | 776 096 | 393 402 | 263 286 | 18 |
| 2023 | 1 907 310 | 56 796 | 973 817 | 594 623 | 346 391 | 22 |
| 2022 | 1 996 543 | 121 136 | 803 029 | 580 264 | 341 479 | 20 |
| 2021 | 1 486 335 | 54 481 | 676 197 | 547 729 | 282 401 | 19 |
| 2020 | 1 591 967 | 43 896 | 601 667 | 488 517 | 237 291 | 17 |
| 2019 | 1 265 120 | 31 897 | 503 940 | 485 567 | 218 092 | 16 |
| 2018 | — | — | — | — | — | 15 |
| 2017 | — | — | — | — | — | 14 |
| 2016 | — | — | — | — | — | 14 |
| 2015 | — | — | — | — | — | 13 |
| 2014 | — | — | — | — | — | 13 |
| 2013 | — | — | — | — | — | 12 |
| 2012 | — | — | — | — | — | 13 |
| 2008 | — | — | — | — | — | 16 |
| 2007 | — | — | — | — | — | 12 |
| 2006 | — | — | — | — | — | 12 |
| 2005 | — | — | — | — | — | 4 |
| 2004 | — | — | — | — | — | 4 |
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)
-36.0 %
Net profit / equity
Return on assets (ROA)
-14.2 %
Net profit / assets
Equity ratio
39.5 %
Equity / assets
Debt ratio
60.5 %
Liabilities / assets
Current ratio
1.54
Current assets / current liabilities
Revenue per employee
65 451 €
Revenue / average full-time employees
Labour cost per employee per month
3 706 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 4 Jun 2026 | Company’s own | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 11 Jun 2025 | Company’s own | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 1 Jul 2024 | Company’s own | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 30 Jun 2023 | Company’s own | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 22 Jun 2022 | Company’s own | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 18 Jun 2021 | Company’s own | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 2 Jul 2020 | Company’s own | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 1 | 350 000 EEK | Aktsiaselts SEB Eesti Ühispank | 2 Oct 2006 – in force |
Board
- Janno SiimarBoard member · since 3 Nov 2006
- Pärtel VurmaBoard member · since 1 Nov 2024
Right of representation
Any member of the management board may represent the private limited company in all transactions.
Owners
- Janno SiimarNatural person · 2 050 €
- Pärtel VurmaNatural person · 2 050 €
Owner in
- 60%
Beneficial owners
- Janno SiimarDirect ownership · since 13 Dec 2018
- Pärtel VurmaIndirect ownership · since 13 Dec 2018
Founders and other persons
- OÜ SEITSE PÖIALPOISSIFounder · 24 000 € · 25 Feb 2004
- OÜ TangomangoFounder · 16 000 € · 25 Feb 2004
Related companies
Activities (EMTAK)
- 74121Graphic design and visual communication activities Main
- 62101Computer programming activities
- 73111Activities of advertising agencies
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10078012 / 19 19 Dec 2024 |
Amendment entry | In force 19 Dec 2024 |
||
| Ä 10078012 / 18 5 Dec 2024 |
Amendment entry | In force 5 Dec 2024 |
||
| Ä 10078012 / M2 4 Dec 2024 |
Procedural ruling | 14 Dec 2024 | Deficiencies eliminated 5 Dec 2024 |
|
| Ä 10078012 / 17 1 Nov 2024 |
Amendment entry | In force 1 Nov 2024 |
||
| Ä 10078012 / 16 1 Sep 2023 |
Amendment entry | In force 1 Sep 2023 |
||
| Ä 10078012 / 15 23 Jul 2018 |
Amendment entry | In force 23 Jul 2018 |
||
| Ä 10078012 / 14 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10078012 / 13 8 Nov 2017 |
Amendment entry | In force 8 Nov 2017 |
||
| Ä 10078012 / 12 25 Apr 2016 |
Amendment entry | In force 25 Apr 2016 |
||
| Ä 10078012 / 11 10 Dec 2015 |
Amendment under Commercial Code § 525 (2) | In force 10 Dec 2015 |
||
| Ä 10078012 / 10 25 Jun 2013 |
Amendment entry | In force 25 Jun 2013 |
||
| Ä 10078012 / M1 6 Jun 2013 |
Ruling to eliminate deficiencies | 6 Jul 2013 | Deficiencies eliminated 25 Jun 2013 |
|
| Ä 10078012 / 9 20 May 2013 |
Entry refused | In force 4 Jun 2013 |
||
| Ä 10078012 / 8 18 Jun 2010 |
Second (constitutive) merger entry | In force 18 Jun 2010 |
||
| Ä 78012 / 7 28 Jul 2009 |
Amendment entry | In force 28 Jul 2009 |
||
| Ä 78012 / 6 8 Jul 2009 |
Amendment entry | In force 8 Jul 2009 |
||
| Ä 78012 / 5 29 Jun 2009 |
Deletion of activities from the registry card | In force 29 Jun 2009 |
||
| Ä 78012 / 4 12 Feb 2009 |
Amendment entry | In force 12 Feb 2009 |
||
| Ä 78012 / 3 16 Mar 2007 |
Amendment entry | In force 16 Mar 2007 |
||
| Ä 78012 / 2 3 Nov 2006 |
Amendment entry | In force 3 Nov 2006 |
||
| K 102412 2 Oct 2006 |
Commercial pledge entered | In force 2 Oct 2006 |
||
| Ä 78012 23 Feb 2004 |
First entry | In force |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data