AS Pinest

Active Registry code 11139468 AS Tartu linn Registered 31 Aug 2005
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AS Pinest is a AS based in Tartu linn, registry code 11139468, status: active. Main activity: Manufacture of other fibreboard. According to EMTA, turnover for Q3 2026 was €8 117 046 with 78 employees.

Turnover
8 117 046 €
↓ 20.9% vs Q2 2026
State taxes
944 014 €
↑ 216.1% vs Q2 2026
Labour taxes
242 913 €
↓ 12.2% vs Q2 2026
Employees
78
+1 vs Q2 2026

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

Position in the industry Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · EMTAK 16

  • Turnover · Q3 2026 8.1 mn €
    industry median 42 609 € · companies in the industry: 968
  • Labour taxes per employee 3 114 €
    industry median 1 604 € · companies in the industry: 774
  • Revenue · 2025 25.7 mn €
    industry median 44 569 € · companies in the industry: 1 338
  • Net profit margin · 2025 12.4 %
    industry median 2.0 % · companies in the industry: 1 072

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 8 117 046 € · −20.9% vs Q2 2026 · industry median 42 609 € · above 98% of the industry
02 5005 0007 50010 00012 500Q4 2023 Company: 7 854 512 € Industry median: 43 427 €Q4·23Q1 2024 Company: 5 052 265 € Industry median: 39 178 €Q2 2024 Company: 6 774 596 € Industry median: 42 653 €Q2·24Q3 2024 Company: 6 111 281 € Industry median: 38 674 €Q4 2024 Company: 7 903 194 € Industry median: 45 211 €Q4·24Q1 2025 Company: 7 309 018 € Industry median: 37 584 €Q2 2025 Company: 9 213 791 € Industry median: 43 322 €Q2·25Q3 2025 Company: 7 295 467 € Industry median: 41 462 €Q4 2025 Company: 9 568 825 € Industry median: 42 366 €Q4·25Q1 2026 Company: 10 617 430 € Industry median: 42 117 €Q2 2026 Company: 10 260 511 € Industry median: 49 062 €Q2·26Q3 2026 Company: 8 117 046 € Industry median: 42 609 €Q3·2602 5005 0007 50010 00012 500Q4 2024 Company: 7 903 194 € Industry median: 45 211 €Q1 2025 Company: 7 309 018 € Industry median: 37 584 €Q1·25Q2 2025 Company: 9 213 791 € Industry median: 43 322 €Q3 2025 Company: 7 295 467 € Industry median: 41 462 €Q3·25Q4 2025 Company: 9 568 825 € Industry median: 42 366 €Q1 2026 Company: 10 617 430 € Industry median: 42 117 €Q1·26Q2 2026 Company: 10 260 511 € Industry median: 49 062 €Q3 2026 Company: 8 117 046 € Industry median: 42 609 €Q3·26
  • 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.

Labour taxes per employee, € Q3 2026: 3 114 € · −13.3% vs Q2 2026 · industry median 1 604 € · above 81% of the industry
01 0002 0003 0004 000Q4 2023 Company: 2 892 € Industry median: 1 444 €Q4·23Q1 2024 Company: 2 564 € Industry median: 1 344 €Q2 2024 Company: 3 239 € Industry median: 1 393 €Q2·24Q3 2024 Company: 3 164 € Industry median: 1 466 €Q4 2024 Company: 2 786 € Industry median: 1 526 €Q4·24Q1 2025 Company: 3 276 € Industry median: 1 531 €Q2 2025 Company: 3 641 € Industry median: 1 528 €Q2·25Q3 2025 Company: 3 627 € Industry median: 1 626 €Q4 2025 Company: 3 466 € Industry median: 1 635 €Q4·25Q1 2026 Company: 3 550 € Industry median: 1 561 €Q2 2026 Company: 3 593 € Industry median: 1 556 €Q2·26Q3 2026 Company: 3 114 € Industry median: 1 604 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 2 786 € Industry median: 1 526 €Q1 2025 Company: 3 276 € Industry median: 1 531 €Q1·25Q2 2025 Company: 3 641 € Industry median: 1 528 €Q3 2025 Company: 3 627 € Industry median: 1 626 €Q3·25Q4 2025 Company: 3 466 € Industry median: 1 635 €Q1 2026 Company: 3 550 € Industry median: 1 561 €Q1·26Q2 2026 Company: 3 593 € Industry median: 1 556 €Q3 2026 Company: 3 114 € Industry median: 1 604 €Q3·26
  • 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.

Employees Q3 2026: 78 · +1.3% vs Q2 2026
020406080Q4 2023 Company: 73Q4·23Q1 2024 Company: 72Q2 2024 Company: 69Q2·24Q3 2024 Company: 68Q4 2024 Company: 69Q4·24Q1 2025 Company: 71Q2 2025 Company: 72Q2·25Q3 2025 Company: 73Q4 2025 Company: 76Q4·25Q1 2026 Company: 76Q2 2026 Company: 77Q2·26Q3 2026 Company: 78Q3·26020406080Q4 2024 Company: 69Q1 2025 Company: 71Q1·25Q2 2025 Company: 72Q3 2025 Company: 73Q3·25Q4 2025 Company: 76Q1 2026 Company: 76Q1·26Q2 2026 Company: 77Q3 2026 Company: 78Q3·26
State taxes, € thousand Q3 2026: 944 014 € · +216.1% vs Q2 2026
02505007501 0001 250Q4 2023 Company: 415 836 €Q4·23Q1 2024 Company: 258 399 €Q2 2024 Company: 1 112 238 €Q2·24Q3 2024 Company: 207 534 €Q4 2024 Company: 238 483 €Q4·24Q1 2025 Company: 989 372 €Q2 2025 Company: 299 211 €Q2·25Q3 2025 Company: 326 220 €Q4 2025 Company: 365 989 €Q4·25Q1 2026 Company: 295 272 €Q2 2026 Company: 298 605 €Q2·26Q3 2026 Company: 944 014 €Q3·2602004006008001 000Q4 2024 Company: 238 483 €Q1 2025 Company: 989 372 €Q1·25Q2 2025 Company: 299 211 €Q3 2025 Company: 326 220 €Q3·25Q4 2025 Company: 365 989 €Q1 2026 Company: 295 272 €Q1·26Q2 2026 Company: 298 605 €Q3 2026 Company: 944 014 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 8 117 046 944 014 242 913 78
Q2 2026 10 260 511 298 605 276 634 77
Q1 2026 10 617 430 295 272 269 833 76
Q4 2025 9 568 825 365 989 263 442 76
Q3 2025 7 295 467 326 220 264 738 73
Q2 2025 9 213 791 299 211 262 181 72
Q1 2025 7 309 018 989 372 232 609 71
Q4 2024 7 903 194 238 483 192 252 69
Q3 2024 6 111 281 207 534 215 145 68
Q2 2024 6 774 596 1 112 238 223 474 69
Q1 2024 5 052 265 258 399 184 640 72
Q4 2023 7 854 512 415 836 211 080 73
Q3 2023 6 430 322 1 239 965 228 352 73
Q2 2023 9 119 450 583 303 249 985 78
Q1 2023 6 316 706 293 204 177 349 77
Q4 2022 9 209 807 217 924 231 782 79
Q3 2022 10 690 087 568 824 281 762 87
Q2 2022 16 026 918 1 042 244 293 335 95
Q1 2022 10 593 765 260 548 234 013 93
Labour taxes per employee per month
1 038 €
Turnover per employee in the quarter
104 065 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 25 684 954 € · +30.6% vs 2024 · industry median 44 569 € · above 98% of the industry
010 00020 00030 00040 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 19 664 171 € Industry median: 60 904 €20192020 Company: 21 057 258 € Industry median: 53 378 €20202021 Company: 33 893 766 € Industry median: 56 581 €20212022 Company: 35 651 865 € Industry median: 60 349 €20222023 Company: 24 278 789 € Industry median: 46 749 €20232024 Company: 19 669 769 € Industry median: 39 981 €20242025 Company: 25 684 954 € Industry median: 44 569 €2025010 00020 00030 00040 0002018 Company: — Industry median: —2019 Company: 19 664 171 € Industry median: 60 904 €20192020 Company: 21 057 258 € Industry median: 53 378 €2021 Company: 33 893 766 € Industry median: 56 581 €20212022 Company: 35 651 865 € Industry median: 60 349 €2023 Company: 24 278 789 € Industry median: 46 749 €20232024 Company: 19 669 769 € Industry median: 39 981 €2025 Company: 25 684 954 € Industry median: 44 569 €2025
  • 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.

Net profit, € thousand 2025: 3 183 234 € · +172.1% vs 2024 · industry median 162 € · above 98% of the industry
02 0004 0006 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 2 334 077 € Industry median: 1 078 €20192020 Company: 2 953 649 € Industry median: 611 €20202021 Company: 5 107 521 € Industry median: 1 731 €20212022 Company: 4 573 175 € Industry median: 1 354 €20222023 Company: 2 860 322 € Industry median: 156 €20232024 Company: 1 170 074 € Industry median: 21 €20242025 Company: 3 183 234 € Industry median: 162 €202502 0004 0006 0002018 Company: — Industry median: —2019 Company: 2 334 077 € Industry median: 1 078 €20192020 Company: 2 953 649 € Industry median: 611 €2021 Company: 5 107 521 € Industry median: 1 731 €20212022 Company: 4 573 175 € Industry median: 1 354 €2023 Company: 2 860 322 € Industry median: 156 €20232024 Company: 1 170 074 € Industry median: 21 €2025 Company: 3 183 234 € Industry median: 162 €2025
  • 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.

Net profit margin, % 2025: 12.4 % · +6.4 pp vs the year before · industry median 2.0 % · above 78% of the industry
051015202016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 11.9 % Industry median: 3.8 %20192020 Company: 14.0 % Industry median: 3.5 %20202021 Company: 15.1 % Industry median: 5.3 %20212022 Company: 12.8 % Industry median: 5.2 %20222023 Company: 11.8 % Industry median: 2.4 %20232024 Company: 5.9 % Industry median: 1.6 %20242025 Company: 12.4 % Industry median: 2.0 %2025051015202018 Company: — Industry median: —2019 Company: 11.9 % Industry median: 3.8 %20192020 Company: 14.0 % Industry median: 3.5 %2021 Company: 15.1 % Industry median: 5.3 %20212022 Company: 12.8 % Industry median: 5.2 %2023 Company: 11.8 % Industry median: 2.4 %20232024 Company: 5.9 % Industry median: 1.6 %2025 Company: 12.4 % Industry median: 2.0 %2025
  • 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.

Assets, € thousand 2025: 20 803 210 € · +11.5% vs 2024
05 00010 00015 00020 00025 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 14 330 392 €20192020 Company: 16 522 296 €20202021 Company: 21 490 390 €20212022 Company: 23 044 925 €20222023 Company: 22 995 971 €20232024 Company: 18 660 539 €20242025 Company: 20 803 210 €202505 00010 00015 00020 00025 0002018 Company: —2019 Company: 14 330 392 €20192020 Company: 16 522 296 €2021 Company: 21 490 390 €20212022 Company: 23 044 925 €2023 Company: 22 995 971 €20232024 Company: 18 660 539 €2025 Company: 20 803 210 €2025
Equity, € thousand 2025: 18 788 215 € · +20.4% vs 2024
05 00010 00015 00020 00025 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 12 690 241 €20192020 Company: 14 893 890 €20202021 Company: 19 001 410 €20212022 Company: 21 574 585 €20222023 Company: 21 434 907 €20232024 Company: 15 604 981 €20242025 Company: 18 788 215 €202505 00010 00015 00020 00025 0002018 Company: —2019 Company: 12 690 241 €20192020 Company: 14 893 890 €2021 Company: 19 001 410 €20212022 Company: 21 574 585 €2023 Company: 21 434 907 €20232024 Company: 15 604 981 €2025 Company: 18 788 215 €2025
Employees 2025: 73 · +5.8% vs 2024 · industry median 3 · above 94% of the industry
0204060801002016 Company: 80 Industry median: —20162017 Company: 90 Industry median: —20172018 Company: 91 Industry median: 420182019 Company: 80 Industry median: 420192020 Company: 76 Industry median: 420202021 Company: 83 Industry median: 420212022 Company: 84 Industry median: 420222023 Company: 72 Industry median: 320232024 Company: 69 Industry median: 320242025 Company: 73 Industry median: 320250204060801002018 Company: 91 Industry median: 42019 Company: 80 Industry median: 420192020 Company: 76 Industry median: 42021 Company: 83 Industry median: 420212022 Company: 84 Industry median: 42023 Company: 72 Industry median: 320232024 Company: 69 Industry median: 32025 Company: 73 Industry median: 32025
  • 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.

Financials by year
Year Revenue, € Net profit, € Labour costs, € Assets, € Equity, € Employees
2025 25 684 954 3 183 234 2 534 587 20 803 210 18 788 215 73
2024 19 669 769 1 170 074 2 094 450 18 660 539 15 604 981 69
2023 24 278 789 2 860 322 2 167 399 22 995 971 21 434 907 72
2022 35 651 865 4 573 175 2 545 055 23 044 925 21 574 585 84
2021 33 893 766 5 107 521 2 398 451 21 490 390 19 001 410 83
2020 21 057 258 2 953 649 1 882 765 16 522 296 14 893 890 76
2019 19 664 171 2 334 077 1 865 269 14 330 392 12 690 241 80
2018 — — — — — 91
2017 — — — — — 90
2016 — — — — — 80
2015 — — — — — 75
2014 — — — — — 70
2013 — — — — — 66
2012 — — — — — 63
2011 — — — — — 56
2010 — — — — — 52
2009 — — — — — 38
2008 — — — — — 30
2007 — — — — — 35
2006 — — — — — 35

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
12.4 %
Net profit / revenue
Return on equity (ROE)
16.9 %
Net profit / equity
Return on assets (ROA)
15.3 %
Net profit / assets
Equity ratio
90.3 %
Equity / assets
Debt ratio
9.7 %
Liabilities / assets
Current ratio
8.22
Current assets / current liabilities
Revenue per employee
351 849 €
Revenue / average full-time employees
Labour cost per employee per month
2 893 €
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 30 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 1 Jul 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 14 Jul 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 19 Jul 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 1 Aug 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 16 Oct 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 21 Dec 2020 Company’s own · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
1 468 000 € Luminor Bank AS 26 Nov 2013 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Jaanus Aan
    Board member · since 15 Oct 2008

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)

  • 16219Manufacture of other fibreboard Main
  • 46191Activities of agents involved in non-specialised wholesale
Rulings
Number, date Title Deadline State Document
Ä 20029561 / M7
17 Sep 2026
Ruling to eliminate deficiencies 17 Oct 2026 Deficiencies eliminated
17 Sep 2026
PDF
Ä 20029561 / M6
8 Sep 2026
Ruling to correct data outside an entry 22 Sep 2026 Deficiencies eliminated
17 Sep 2026
PDF
Ä 20029561 / M5
7 Jul 2024
Warning of a fine: annual report not filed 6 Aug 2024 Deficiencies eliminated
15 Jul 2024
PDF
K 20029561 / 16
13 Mar 2018
Commercial pledge amended In force
13 Mar 2018
PDF
Ä 20029561 / 15
18 Jan 2018
Amendment entry In force
18 Jan 2018
PDF
Ä 20029561 / 14
23 Dec 2017
Amendment entry In force
23 Dec 2017
PDF
Ä 20029561 / 13
4 Dec 2017
Amendment entry In force
4 Dec 2017
PDF
Ä 20029561 / 12
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 20029561 / 11
6 Nov 2014
Amendment under Commercial Code § 525 (2) In force
6 Nov 2014
PDF
K 20029561 / 10
29 May 2014
Commercial pledge amended In force
29 May 2014
PDF
K 20029561 / 9
26 Nov 2013
Commercial pledge entered In force
26 Nov 2013
PDF
Ä 20029561 / 8
18 Jan 2012
Entry refused: deficiencies not eliminated In force
23 Jan 2012
PDF
Ä 20029561 / M4
11 Nov 2011
Ruling to eliminate deficiencies 11 Dec 2011 In force
11 Nov 2011
PDF
Ä 20029561 / M3
6 Oct 2011
Ruling to be served 17 Oct 2011 Deficiencies eliminated
18 Oct 2011
PDF
Ä 20029561 / M2
6 Oct 2011
Ruling to be served 17 Oct 2011 Deficiencies eliminated
18 Oct 2011
PDF
Ä 20029561 / M1
8 Aug 2011
Ruling to be served 9 Sep 2011 Deficiencies eliminated
31 Aug 2011
PDF
Ä 29561 / 7
28 Dec 2009
Amendment entry In force
28 Dec 2009
PDF
Ä 29561 / 6
3 Dec 2008
Deletion of activities from the registry card In force
3 Dec 2008
PDF
Ä 29561 / 5
15 Oct 2008
Amendment entry In force
15 Oct 2008
PDF
Ä 29561 / 4
8 May 2008
Amendment entry In force
8 May 2008
PDF
Ä 29561 / 3
9 Oct 2007
Amendment entry In force
10 Oct 2007
PDF
Ä 29561 / 2
23 Dec 2005
Amendment entry In force PDF
Ä 29561
30 Aug 2005
First entry In force PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data