Graanul Hake AS
Active Registry code 11420082
AS Tallinn Registered 6 Sep 2007
Graanul Hake AS is a AS based in Tallinn, registry code 11420082, status: active. Main activity: Logging. According to EMTA, turnover for Q3 2026 was €875 492 with 18 employees.
Turnover
875 492 €
↓ 21.2% vs Q2 2026
State taxes
145 892 €
↓ 38.9% vs Q2 2026
Labour taxes
101 286 €
↓ 26.6% vs Q2 2026
Employees
18
+1 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 875 492 €above 98% of companiesindustry median 14 400 € · companies in the industry: 1 834
- Labour taxes per employee 5 627 €above 98% of companiesindustry median 1 226 € · companies in the industry: 1 276
- Revenue · 2025 2.8 mn €above 98% of companiesindustry median 29 224 € · companies in the industry: 2 730
- Net profit margin · 2025 -14.9 %above 18% of companiesindustry median 4.9 % · companies in the industry: 2 137
Taxes and turnover
- Company
- Industry median
Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Forestry and logging (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 | 875 492 | 145 892 | 101 286 | 18 |
| Q2 2026 | 1 110 687 | 238 901 | 137 948 | 17 |
| Q1 2026 | 888 451 | 176 499 | 93 965 | 20 |
| Q4 2025 | 799 091 | 172 872 | 99 193 | 18 |
| Q3 2025 | 777 215 | 157 497 | 88 189 | 19 |
| Q2 2025 | 707 554 | 125 077 | 90 032 | 19 |
| Q1 2025 | 797 709 | 152 071 | 92 379 | 18 |
| Q4 2024 | 869 666 | 162 351 | 89 072 | 19 |
| Q3 2024 | 801 485 | 170 114 | 86 246 | 19 |
| Q2 2024 | 595 904 | 129 360 | 78 400 | 19 |
| Q1 2024 | 881 911 | 144 692 | 86 201 | 20 |
| Q4 2023 | 984 809 | 146 968 | 81 832 | 20 |
| Q3 2023 | 1 646 611 | 105 962 | 84 792 | 18 |
| Q2 2023 | 598 073 | 126 890 | 76 854 | 20 |
| Q1 2023 | 978 275 | 141 472 | 84 813 | 20 |
| Q4 2022 | 912 921 | 116 605 | 78 816 | 20 |
| Q3 2022 | 1 268 418 | 160 204 | 79 270 | 19 |
| Q2 2022 | 860 025 | 142 772 | 73 398 | 19 |
| Q1 2022 | 926 950 | 169 478 | 77 141 | 21 |
Labour taxes per employee per month
1 876 €
Turnover per employee in the quarter
48 638 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Forestry and logging (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 | 2 764 445 | -410 827 | 839 838 | 2 747 682 | -2 162 | 18 |
| 2024 | 3 073 369 | -306 668 | 841 174 | 1 810 182 | -91 335 | 19 |
| 2023 | 2 966 006 | 48 265 | 789 315 | 2 554 898 | 215 332 | 19 |
| 2022 | 3 407 608 | 95 722 | 749 373 | 2 272 176 | 167 067 | 20 |
| 2021 | 2 822 777 | -256 492 | 924 676 | 2 775 097 | 71 345 | 21 |
| 2020 | 2 324 019 | -246 363 | 788 357 | 3 458 721 | 327 837 | 25 |
| 2019 | 1 212 275 | -151 061 | 332 482 | 3 400 311 | 574 200 | 11 |
| 2018 | — | — | — | — | — | 3 |
| 2017 | — | — | — | — | — | 3 |
| 2016 | — | — | — | — | — | 4 |
| 2015 | — | — | — | — | — | 5 |
| 2014 | — | — | — | — | — | 12 |
| 2013 | — | — | — | — | — | 10 |
| 2012 | — | — | — | — | — | 4 |
| 2011 | — | — | — | — | — | 4 |
| 2010 | — | — | — | — | — | 3 |
| 2009 | — | — | — | — | — | 0 |
| 2008 | — | — | — | — | — | 3 |
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
-14.9 %
Net profit / revenue
Return on assets (ROA)
-15.0 %
Net profit / assets
Equity ratio
-0.1 %
Equity / assets
Debt ratio
100.1 %
Liabilities / assets
Current ratio
0.39
Current assets / current liabilities
Revenue per employee
153 580 €
Revenue / average full-time employees
Labour cost per employee per month
3 888 €
Labour costs / employees / 12 months (incl. employer taxes)
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 | 18 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 29 May 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 | 27 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 | 18 Jun 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Rain SilivaskBoard member · since 18 Feb 2008
- Jaano HaidlaBoard member · since 23 Jul 2019
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Beneficial owners
- Waleed ElgoharyMember of a senior management body (management or supervisory board) · since 1 Sep 2025
- Claudiu HortuMember of a senior management body (management or supervisory board) · LUX · since 26 Feb 2025
- Fabien MorelliMember of a senior management body (management or supervisory board) · LUX · since 4 Mar 2024
- Efisio FollesaMember of a senior management body (management or supervisory board) · ITA · since 10 Feb 2023
- Andres RätseppRight to appoint or remove most of the management · since 5 Jan 2022
- Bradley Regal FiersteinRight to appoint or remove most of the management · USA · since 5 Jan 2022
Founders and other persons
- Aktsiaselts Vicron Investment GroupFounder · 40 000 € · 6 Sep 2007
- OÜ BiofuelFounder · 320 000 € · 6 Sep 2007
- Sarto Holding OÜFounder · 40 000 € · 6 Sep 2007
- Aktsiaselts PricewaterhouseCoopersAudit firm · 7 Jan 2021
- Kert KruusimägiChairman of the supervisory board · 27 May 2025
- Andrus RännikSupervisory board member · 27 May 2025
- Kristo VaharSupervisory board member · 27 May 2025
- Omanikukonto: GRAANUL INVEST ASShareholder · 28 070 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 02201Logging Main
- 49411Freight transport by road
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10111852 / 22 3 Jun 2025 |
Amendment entry | In force 3 Jun 2025 |
||
| Ä 10111852 / 21 12 Jan 2024 |
Amendment under Code of Civil Procedure § 595¹ (1) | In force 12 Jan 2024 |
||
| K 10111852 / M5 30 Nov 2021 |
Procedural ruling | 10 Dec 2021 | Deficiencies eliminated 30 Nov 2021 |
|
| K 10111852 / 20 30 Nov 2021 |
Commercial pledge deleted | In force 30 Nov 2021 |
||
| Ä 10111852 / 19 23 Jul 2019 |
Amendment entry | In force 23 Jul 2019 |
||
| K 10111852 / 18 12 Mar 2018 |
Commercial pledge amended | In force 12 Mar 2018 |
||
| Ä 10111852 / 17 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10111852 / 16 30 Nov 2017 |
Amendment entry | In force 30 Nov 2017 |
||
| Ä 10111852 / 15 20 Oct 2017 |
Amendment entry | In force 20 Oct 2017 |
||
| Ä 10111852 / M4 9 Oct 2017 |
Ruling to eliminate deficiencies | 19 Oct 2017 | Deficiencies eliminated 19 Oct 2017 |
|
| Ä 10111852 / 14 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10111852 / 13 31 Aug 2016 |
Amendment entry | In force 31 Aug 2016 |
||
| Ä 10111852 / 12 11 Nov 2015 |
Amendment entry | In force 11 Nov 2015 |
||
| Ä 10111852 / M3 23 Sep 2015 |
Warning of compulsory dissolution: insufficient net assets | 21 Mar 2016 | In force 23 Sep 2015 |
|
| Ä 10111852 / 11 11 Sep 2015 |
Amendment entry | In force 11 Sep 2015 |
||
| K 10111852 / 10 6 Jul 2015 |
Commercial pledge amended | In force 6 Jul 2015 |
||
| K 10111852 / 9 30 May 2014 |
Commercial pledge amended | In force 30 May 2014 |
||
| Ä 10111852 / 8 21 Jan 2014 |
Amendment entry | In force 21 Jan 2014 |
||
| Ä 10111852 / M2 9 Jan 2014 |
Ruling to eliminate deficiencies | 8 Feb 2014 | Deficiencies eliminated 21 Jan 2014 |
|
| K 10111852 / 7 30 Jul 2013 |
Commercial pledge entered | In force 30 Jul 2013 |
||
| Ä 10111852 / 6 28 Jun 2011 |
Amendment under Commercial Code § 525 (2) | In force 28 Jun 2011 |
||
| Ä 10111852 / 5 5 Jan 2011 |
Amendment entry | In force 5 Jan 2011 |
||
| Ä 10111852 / M1 31 Dec 2010 |
Ruling to eliminate deficiencies | 15 Feb 2011 | In force 31 Dec 2010 |
|
| Ä 111852 / 4 13 Oct 2008 |
Amendment entry | In force 13 Oct 2008 |
||
| Ä 111852 / 3 15 Aug 2008 |
Amendment entry | In force 15 Aug 2008 |
||
| Ä 111852 / 2 18 Feb 2008 |
Amendment entry | In force 18 Feb 2008 |
||
| Ä 111852 6 Sep 2007 |
First entry | In force 6 Sep 2007 |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data