Cleveron AS

Active Registry code 11405467 AS Viljandi linn Registered 25 Jul 2007

Cleveron AS is a AS based in Viljandi linn, registry code 11405467, status: active. Main activity: Manufacture of other general-purpose machinery n.e.c.. According to EMTA, turnover for Q3 2026 was €7 923 397 with 119 employees.

Turnover

7 923 397 €

↓ 16.9% vs Q2 2026

State taxes

775 460 €

↑ 33.4% vs Q2 2026

Labour taxes

831 225 €

↑ 31.3% vs Q2 2026

Employees

119

+8 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 7.9 mn €

above 98% of companies

industry median 130 544 € · companies in the industry: 217
Labour taxes per employee 6 985 €

above 94% of companies

industry median 3 287 € · companies in the industry: 159
Revenue · 2025 28.6 mn €

above 98% of companies

industry median 111 300 € · companies in the industry: 279
Net profit margin · 2025 9.5 %

above 71% of companies

industry median 3.0 % · companies in the industry: 216

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 7 923 397 € · −16.9% vs Q2 2026 · industry median 130 544 € · above 98% of the industry

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: 6 985 € · +22.5% vs Q2 2026 · industry median 3 287 € · above 94% of the industry

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: 119 · +7.2% vs Q2 2026

State taxes, € thousand Q3 2026: 775 460 € · +33.4% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	7 923 397	775 460	831 225	119
Q2 2026	9 538 592	581 466	633 068	111
Q1 2026	5 452 028	633 160	684 964	111
Q4 2025	10 184 563	678 001	729 208	119
Q3 2025	8 537 155	670 843	723 780	120
Q2 2025	9 265 386	662 840	714 242	114
Q1 2025	5 966 701	684 699	727 063	113
Q4 2024	10 142 175	763 329	807 973	113
Q3 2024	8 799 102	791 875	843 823	138
Q2 2024	8 404 135	724 719	771 981	140
Q1 2024	6 251 528	700 831	745 722	139
Q4 2023	10 323 949	964 537	1 027 084	143
Q3 2023	7 155 478	871 501	932 814	179
Q2 2023	8 029 833	818 172	875 926	175
Q1 2023	4 800 960	770 236	821 306	167
Q4 2022	9 776 512	713 573	761 321	169
Q3 2022	9 241 811	723 531	777 193	168
Q2 2022	7 767 964	849 314	909 912	160
Q1 2022	7 543 629	780 236	836 910	163

Labour taxes per employee per month

2 328 €

Turnover per employee in the quarter

66 583 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 28 558 321 € · +4.6% vs 2024 · industry median 111 300 € · above 98% of the industry

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: 2 712 808 € · +206.0% vs 2024 · industry median 685 € · above 98% of the industry

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: 9.5 % · +6.3 pp vs the year before · industry median 3.0 % · above 71% of the industry

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: 20 638 992 € · +13.0% vs 2024

Equity, € thousand 2025: 8 327 190 € · +49.0% vs 2024

Employees 2025: 117 · −15.2% vs 2024 · industry median 8 · above 98% of the industry

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	28 558 321	2 712 808	6 692 878	20 638 992	8 327 190	117
2024	27 300 096	886 447	7 492 224	18 271 100	5 590 194	138
2023	24 852 002	-2 757 625	8 521 715	17 577 584	4 697 121	172
2022	25 968 553	-2 696 385	7 983 233	21 857 605	7 395 188	174
2021	20 653 152	-4 729 333	7 784 089	27 197 393	14 353 344	197
2020	13 051 955	-5 338 503	7 287 036	23 038 031	18 978 453	193
2019	66 007 267	12 756 514	9 637 642	33 502 941	23 898 339	209
2018	—	—	—	—	—	142
2017	—	—	—	—	—	87
2016	—	—	—	—	—	53
2015	—	—	—	—	—	43
2014	—	—	—	—	—	37
2013	—	—	—	—	—	34
2012	—	—	—	—	—	30
2011	—	—	—	—	—	24
2010	—	—	—	—	—	20
2009	—	—	—	—	—	18
2008	—	—	—	—	—	18

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

9.5 %

Net profit / revenue

Return on equity (ROE)

32.6 %

Net profit / equity

Return on assets (ROA)

13.1 %

Net profit / assets

Equity ratio

40.3 %

Equity / assets

Debt ratio

59.7 %

Liabilities / assets

Current ratio

1.21

Current assets / current liabilities

Revenue per employee

244 088 €

Revenue / average full-time employees

Labour cost per employee per month

4 767 €

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	29 Jun 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	30 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Jun 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	2 Jun 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
2	2 113 758 €	Swedbank AS	19 Jan 2018 – in force
1	13 866 667 EEK	Swedbank AS	8 Jan 2010 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Per Klavsen
Board member · since 12 Jul 2024
Pirgit Lohk
Board member · since 9 Jul 2026

Right of representation

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

Owners

No owner information.

Beneficial owners

Arvo Nõges
Member of a senior management body (management or supervisory board) · since 25 Aug 2026
Guido Kundla
Member of a senior management body (management or supervisory board) · since 25 Aug 2026
Henrik Juul
Member of a senior management body (management or supervisory board) · DNK · since 25 Aug 2026
Indrek Oolup
Member of a senior management body (management or supervisory board) · since 25 Aug 2026
Martin Petjärv
Member of a senior management body (management or supervisory board) · since 25 Aug 2026
Peep Kuld
Member of a senior management body (management or supervisory board) · since 25 Aug 2026
Stanislav Ivanov
Member of a senior management body (management or supervisory board) · since 25 Aug 2026

Founders and other persons

Indrek Oolup
Founder · 20 000 € · 25 Jul 2007
ON24 Aktsiaselts
Founder · 180 000 € · 25 Jul 2007
Aktsiaselts PricewaterhouseCoopers
Audit firm · 16 Jun 2026
Henrik Juul
Chairman of the supervisory board · 12 Sep 2024
Arvo Nõges
Supervisory board member · 6 Jun 2022
Indrek Oolup
Supervisory board member · 6 Jun 2022
Peep Kuld
Supervisory board member · 6 Jun 2022
Stanislav Ivanov
Supervisory board member · 6 Jun 2022
Martin Petjärv
Supervisory board member · 12 Sep 2024
Guido Kundla
Supervisory board member · 9 Jun 2026
Omanikukonto: Tera Ventures I Usaldusfond
Shareholder · 4 208 € · 16 Aug 2023
Omanikukonto: WNB PROJECT OÜ
Shareholder · 3 137 € · 19 Jun 2024
Omanikukonto: OSAÜHING Bagira
Shareholder · 5 345 € · 20 Jun 2025
Omanikukonto: NORDIC SECONDARY FUND II KS
Shareholder · 3 157 € · 12 Sep 2025

shared board members, owners or beneficial owners

Activities (EMTAK)

28291Manufacture of other general-purpose machinery n.e.c. Main

Rulings 58

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 20045466 / 32 9 Jul 2026	Amendment entry		In force 9 Jul 2026	PDF
Ä 20045466 / M16 29 Jun 2026	Ruling to correct data outside an entry	13 Jul 2026	Deficiencies eliminated 9 Jul 2026	PDF
Ä 20045466 / 31 13 Mar 2025	Amendment entry		In force 13 Mar 2025	PDF
Ä 20045466 / 30 26 Nov 2024	Amendment entry		In force 26 Nov 2024	PDF
Ä 20045466 / M15 22 Nov 2024	Ruling to eliminate deficiencies	7 Dec 2024	Deficiencies eliminated 26 Nov 2024	PDF
Ä 20045466 / 29 31 Oct 2024	Amendment entry		In force 31 Oct 2024	PDF
Ä 20045466 / 28 12 Jul 2024	Amendment entry		In force 12 Jul 2024	PDF
Ä 20045466 / 27 12 Jul 2024	Amendment entry		In force 12 Jul 2024	PDF
Ä 20045466 / M14 19 Jun 2024	Ruling to eliminate deficiencies	24 Jul 2024	Deficiencies eliminated 12 Jul 2024	PDF
Ä 20045466 / M13 11 Jun 2024	Ruling to eliminate deficiencies	12 Jul 2024	Deficiencies eliminated 12 Jul 2024	PDF
Ä 20045466 / M12 3 Jun 2024	Procedural ruling	13 Jun 2024	Deficiencies eliminated 4 Jun 2024	PDF
Ä 20045466 / 26 15 Mar 2024	Amendment entry		In force 15 Mar 2024	PDF
Ä 20045466 / 25 30 Oct 2023	Amendment entry		In force 30 Oct 2023	PDF
Ä 20045466 / 24 26 Apr 2023	Amendment entry		In force 26 Apr 2023	PDF
Ä 20045466 / 23 31 Mar 2023	Amendment entry		In force 31 Mar 2023	PDF
Ä 20045466 / M11 14 Mar 2023	Ruling to eliminate deficiencies	4 Apr 2023	Deficiencies eliminated 31 Mar 2023	PDF
Ä 20045466 / 22 12 May 2022	Amendment entry		In force 12 May 2022	PDF
Ä 20045466 / 21 6 Apr 2022	Amendment entry		In force 6 Apr 2022	PDF
Ä 20045466 / 20 1 Apr 2022	Division entry (second, constitutive)		In force 1 Apr 2022	PDF
Ä 20045466 / 19 13 Dec 2021	Amendment entry		In force 13 Dec 2021	PDF
Ä 20045466 / M10 9 Dec 2021	Ruling to eliminate deficiencies	24 Dec 2021	Deficiencies eliminated 10 Dec 2021	PDF
Ä 20045466 / 18 1 Jul 2021	Amendment entry		In force 1 Jul 2021	PDF
Ä 20045466 / 17 26 Oct 2020	Amendment under Commercial Code § 525 (2)		In force 26 Oct 2020	PDF
Ä 20045466 / 16 17 Aug 2020	Amendment entry		In force 17 Aug 2020	PDF
Ä 20045466 / 15 9 Jul 2020	Amendment entry		In force 9 Jul 2020	PDF
Ä 20045466 / M9 2 Jul 2020	Ruling to eliminate deficiencies	1 Aug 2020	Deficiencies eliminated 9 Jul 2020	PDF
Ä 20045466 / M8 26 Jun 2020	Ruling to eliminate deficiencies	26 Jul 2020	Deficiencies eliminated 9 Jul 2020	PDF
Ä 20045466 / 14 15 Nov 2018	Amendment entry		In force 15 Nov 2018	PDF
Ä 20045466 / M7 13 Nov 2018	Ruling to eliminate deficiencies	28 Nov 2018	Deficiencies eliminated 15 Nov 2018	PDF
K 20045466 / 13 19 Jan 2018	Commercial pledge entered		In force 19 Jan 2018	PDF
Ä 20045466 / 12 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 20045466 / 11 4 Dec 2017	Amendment entry		In force 4 Dec 2017	PDF
Ä 20045466 / 10 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 20045466 / 9 2 May 2017	Amendment entry		In force 2 May 2017	PDF
Ä 20045466 / 8 30 Jun 2015	Transformation entry		In force 30 Jun 2015	PDF
Ä 20045466 / M6 17 Jun 2015	Ruling to eliminate deficiencies	17 Jul 2015	Deficiencies eliminated 22 Jun 2015	PDF
Ä 20045466 / 7 30 Mar 2015	Amendment entry		In force 30 Mar 2015	PDF
Ä 20045466 / 6 1 Aug 2014	Amendment under Commercial Code § 525 (2)		In force 1 Aug 2014	PDF
Ä 20045466 / M5 16 May 2013	Ruling to correct data outside an entry	15 Jun 2013	Deficiencies eliminated 22 May 2013	PDF
Ä 20045466 / 5 2 Aug 2011	Amendment entry		In force 2 Aug 2011	PDF
Ä 20045466 / 4 6 Aug 2010	Amendment entry		In force 6 Aug 2010	PDF
Ä 20045466 / M4 2 Aug 2010	Ruling to eliminate deficiencies		In force 2 Aug 2010	PDF
Ä 20045466 / M3 27 Jul 2010	Ruling to be served	27 Aug 2010	In force 27 Jul 2010	PDF
K 50064 8 Jan 2010	Commercial pledge entered		In force 8 Jan 2010	PDF
K 50064 / M1 23 Dec 2009	Ruling to eliminate deficiencies	23 Jan 2010	In force 23 Dec 2009	PDF
Ä 45466 / 3 22 Dec 2009	Entry made by the register on its own initiative		In force 22 Dec 2009	PDF
Ä 45466 / 2 17 Dec 2009	Amendment entry		In force 17 Dec 2009	PDF
Ä 45466 / M2 27 Oct 2009	Ruling to eliminate deficiencies	10 Dec 2009	In force 27 Oct 2009	PDF
Ä 110778 / 6 26 Aug 2009	Registry card closed after a change of district		In force 26 Aug 2009	PDF
Ä 45466 25 Aug 2009	Registry card opened in the department of the new seat		In force 25 Aug 2009	PDF
Ä 45466 / M1 16 Jun 2009	Ruling to eliminate deficiencies	20 Aug 2009	In force 16 Jun 2009	PDF
Ä 110778 / 5 15 Jun 2009	Note		In force 15 Jun 2009	PDF
Ä 110778 / 4 27 Jun 2008	Amendment entry		In force 27 Jun 2008	PDF
Ä 110778 / M2 30 May 2008	Ruling to eliminate deficiencies (to be served)	17 Jul 2008	In force 12 Jun 2008	PDF
Ä 110778 / 3 8 Apr 2008	Amendment entry		In force 8 Apr 2008	PDF
Ä 110778 / M1 28 Mar 2008	Ruling to eliminate deficiencies (to be served)		In force 3 Apr 2008	PDF
Ä 110778 / 2 13 Mar 2008	Note on registration of shares in the Estonian central register of securities		In force 13 Mar 2008	PDF
Ä 110778 25 Jul 2007	First entry		In force 25 Jul 2007	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

Cleveron AS

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

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 58