AS Kapitel

Active Registry code 11424080 AS Tallinn Registered 11 Sep 2007
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AS Kapitel is a AS based in Tallinn, registry code 11424080, status: active. Main activity: Business and other management consultancy activities. According to EMTA, turnover for Q3 2026 was €524 458 with 17 employees.

Turnover
524 458 €
↓ 28.2% vs Q2 2026
State taxes
264 116 €
↓ 32.6% vs Q2 2026
Labour taxes
188 388 €
↓ 35.4% vs Q2 2026
Employees
17
±0 vs Q2 2026

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

Position in the industry Activities of head offices and management consultancy · EMTAK 70

  • Turnover · Q3 2026 524 458 €
    industry median 13 705 € · companies in the industry: 4 338
  • Labour taxes per employee 11 082 €
    industry median 1 649 € · companies in the industry: 1 689
  • Revenue · 2025 2 mn €
    industry median 10 800 € · companies in the industry: 9 687
  • Net profit margin · 2025 388.6 %
    industry median 22.0 % · companies in the industry: 6 494

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 524 458 € · −28.2% vs Q2 2026 · industry median 13 705 € · above 98% of the industry
02004006008001 000Q4 2023 Company: 342 112 € Industry median: 15 091 €Q4·23Q1 2024 Company: 387 414 € Industry median: 14 762 €Q2 2024 Company: 390 156 € Industry median: 14 762 €Q2·24Q3 2024 Company: 395 736 € Industry median: 14 140 €Q4 2024 Company: 398 588 € Industry median: 15 052 €Q4·24Q1 2025 Company: 442 900 € Industry median: 14 703 €Q2 2025 Company: 442 512 € Industry median: 13 688 €Q2·25Q3 2025 Company: 415 156 € Industry median: 13 984 €Q4 2025 Company: 378 996 € Industry median: 14 505 €Q4·25Q1 2026 Company: 834 511 € Industry median: 14 237 €Q2 2026 Company: 730 617 € Industry median: 14 128 €Q2·26Q3 2026 Company: 524 458 € Industry median: 13 705 €Q3·2602004006008001 000Q4 2024 Company: 398 588 € Industry median: 15 052 €Q1 2025 Company: 442 900 € Industry median: 14 703 €Q1·25Q2 2025 Company: 442 512 € Industry median: 13 688 €Q3 2025 Company: 415 156 € Industry median: 13 984 €Q3·25Q4 2025 Company: 378 996 € Industry median: 14 505 €Q1 2026 Company: 834 511 € Industry median: 14 237 €Q1·26Q2 2026 Company: 730 617 € Industry median: 14 128 €Q3 2026 Company: 524 458 € Industry median: 13 705 €Q3·26
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 11 082 € · −35.4% vs Q2 2026 · industry median 1 649 € · above 98% of the industry
05 00010 00015 00020 00025 000Q4 2023 Company: 8 836 € Industry median: 1 639 €Q4·23Q1 2024 Company: 22 427 € Industry median: 1 650 €Q2 2024 Company: 13 325 € Industry median: 1 721 €Q2·24Q3 2024 Company: 9 827 € Industry median: 1 700 €Q4 2024 Company: 8 961 € Industry median: 1 679 €Q4·24Q1 2025 Company: 24 823 € Industry median: 1 739 €Q2 2025 Company: 15 982 € Industry median: 1 758 €Q2·25Q3 2025 Company: 11 411 € Industry median: 1 758 €Q4 2025 Company: 18 726 € Industry median: 1 758 €Q4·25Q1 2026 Company: 24 792 € Industry median: 1 641 €Q2 2026 Company: 17 163 € Industry median: 1 597 €Q2·26Q3 2026 Company: 11 082 € Industry median: 1 649 €Q3·2605 00010 00015 00020 00025 000Q4 2024 Company: 8 961 € Industry median: 1 679 €Q1 2025 Company: 24 823 € Industry median: 1 739 €Q1·25Q2 2025 Company: 15 982 € Industry median: 1 758 €Q3 2025 Company: 11 411 € Industry median: 1 758 €Q3·25Q4 2025 Company: 18 726 € Industry median: 1 758 €Q1 2026 Company: 24 792 € Industry median: 1 641 €Q1·26Q2 2026 Company: 17 163 € Industry median: 1 597 €Q3 2026 Company: 11 082 € Industry median: 1 649 €Q3·26
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 17 · +0.0% vs Q2 2026
05101520Q4 2023 Company: 18Q4·23Q1 2024 Company: 18Q2 2024 Company: 18Q2·24Q3 2024 Company: 19Q4 2024 Company: 19Q4·24Q1 2025 Company: 19Q2 2025 Company: 19Q2·25Q3 2025 Company: 18Q4 2025 Company: 17Q4·25Q1 2026 Company: 17Q2 2026 Company: 17Q2·26Q3 2026 Company: 17Q3·2605101520Q4 2024 Company: 19Q1 2025 Company: 19Q1·25Q2 2025 Company: 19Q3 2025 Company: 18Q3·25Q4 2025 Company: 17Q1 2026 Company: 17Q1·26Q2 2026 Company: 17Q3 2026 Company: 17Q3·26
State taxes, € thousand Q3 2026: 264 116 € · −32.6% vs Q2 2026
0200400600Q4 2023 Company: 180 243 €Q4·23Q1 2024 Company: 397 993 €Q2 2024 Company: 277 229 €Q2·24Q3 2024 Company: 218 713 €Q4 2024 Company: 199 789 €Q4·24Q1 2025 Company: 520 580 €Q2 2025 Company: 349 981 €Q2·25Q3 2025 Company: 262 087 €Q4 2025 Company: 351 757 €Q4·25Q1 2026 Company: 563 983 €Q2 2026 Company: 391 833 €Q2·26Q3 2026 Company: 264 116 €Q3·260200400600Q4 2024 Company: 199 789 €Q1 2025 Company: 520 580 €Q1·25Q2 2025 Company: 349 981 €Q3 2025 Company: 262 087 €Q3·25Q4 2025 Company: 351 757 €Q1 2026 Company: 563 983 €Q1·26Q2 2026 Company: 391 833 €Q3 2026 Company: 264 116 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 524 458 264 116 188 388 17
Q2 2026 730 617 391 833 291 770 17
Q1 2026 834 511 563 983 421 463 17
Q4 2025 378 996 351 757 318 349 17
Q3 2025 415 156 262 087 205 389 18
Q2 2025 442 512 349 981 303 651 19
Q1 2025 442 900 520 580 471 639 19
Q4 2024 398 588 199 789 170 265 19
Q3 2024 395 736 218 713 186 704 19
Q2 2024 390 156 277 229 239 849 18
Q1 2024 387 414 397 993 403 687 18
Q4 2023 342 112 180 243 159 049 18
Q3 2023 315 535 209 954 170 934 18
Q2 2023 339 154 226 285 203 275 17
Q1 2023 339 167 325 427 299 974 16
Q4 2022 249 223 171 356 132 958 14
Q3 2022 248 399 197 760 136 321 14
Q2 2022 269 473 173 854 157 187 13
Q1 2022 442 375 289 894 245 273 13
Labour taxes per employee per month
3 694 €
Turnover per employee in the quarter
30 850 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 1 995 000 € · +29.7% vs 2024 · industry median 10 800 € · above 98% of the industry
05001 0001 5002 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 069 000 € Industry median: 8 998 €20192020 Company: 782 000 € Industry median: 8 779 €20202021 Company: 762 000 € Industry median: 9 884 €20212022 Company: 1 193 000 € Industry median: 10 945 €20222023 Company: 1 322 000 € Industry median: 11 079 €20232024 Company: 1 538 000 € Industry median: 10 766 €20242025 Company: 1 995 000 € Industry median: 10 800 €202505001 0001 5002 0002018 Company: — Industry median: —2019 Company: 1 069 000 € Industry median: 8 998 €20192020 Company: 782 000 € Industry median: 8 779 €2021 Company: 762 000 € Industry median: 9 884 €20212022 Company: 1 193 000 € Industry median: 10 945 €2023 Company: 1 322 000 € Industry median: 11 079 €20232024 Company: 1 538 000 € Industry median: 10 766 €2025 Company: 1 995 000 € Industry median: 10 800 €2025
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 7 752 000 € · −83.8% vs 2024 · industry median 284 € · above 98% of the industry
010 00020 00030 00040 00050 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 29 774 000 € Industry median: 966 €20192020 Company: 6 072 000 € Industry median: 760 €20202021 Company: 18 440 000 € Industry median: 1 171 €20212022 Company: 5 933 000 € Industry median: 470 €20222023 Company: 9 159 000 € Industry median: 681 €20232024 Company: 47 951 000 € Industry median: 538 €20242025 Company: 7 752 000 € Industry median: 284 €2025010 00020 00030 00040 00050 0002018 Company: — Industry median: —2019 Company: 29 774 000 € Industry median: 966 €20192020 Company: 6 072 000 € Industry median: 760 €2021 Company: 18 440 000 € Industry median: 1 171 €20212022 Company: 5 933 000 € Industry median: 470 €2023 Company: 9 159 000 € Industry median: 681 €20232024 Company: 47 951 000 € Industry median: 538 €2025 Company: 7 752 000 € Industry median: 284 €2025
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 388.6 % · −2 729.2 pp vs the year before · industry median 22.0 % · above 98% of the industry
01 0002 0003 0004 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 2 785.2 % Industry median: 31.9 %20192020 Company: 776.5 % Industry median: 32.1 %20202021 Company: 2 419.9 % Industry median: 35.7 %20212022 Company: 497.3 % Industry median: 27.6 %20222023 Company: 692.8 % Industry median: 28.4 %20232024 Company: 3 117.8 % Industry median: 25.0 %20242025 Company: 388.6 % Industry median: 22.0 %202501 0002 0003 0004 0002018 Company: — Industry median: —2019 Company: 2 785.2 % Industry median: 31.9 %20192020 Company: 776.5 % Industry median: 32.1 %2021 Company: 2 419.9 % Industry median: 35.7 %20212022 Company: 497.3 % Industry median: 27.6 %2023 Company: 692.8 % Industry median: 28.4 %20232024 Company: 3 117.8 % Industry median: 25.0 %2025 Company: 388.6 % Industry median: 22.0 %2025
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, mn € 2025: 266 480 000 € · +3.3% vs 2024
01002003002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 105 923 000 €20192020 Company: 113 637 000 €20202021 Company: 134 718 000 €20212022 Company: 174 675 000 €20222023 Company: 232 577 000 €20232024 Company: 257 865 000 €20242025 Company: 266 480 000 €202501002003002018 Company: —2019 Company: 105 923 000 €20192020 Company: 113 637 000 €2021 Company: 134 718 000 €20212022 Company: 174 675 000 €2023 Company: 232 577 000 €20232024 Company: 257 865 000 €2025 Company: 266 480 000 €2025
Equity, mn € 2025: 166 461 000 € · +4.9% vs 2024
0501001502002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 71 154 000 €20192020 Company: 77 226 000 €20202021 Company: 95 666 000 €20212022 Company: 101 599 000 €20222023 Company: 110 758 000 €20232024 Company: 158 709 000 €20242025 Company: 166 461 000 €20250501001502002018 Company: —2019 Company: 71 154 000 €20192020 Company: 77 226 000 €2021 Company: 95 666 000 €20212022 Company: 101 599 000 €2023 Company: 110 758 000 €20232024 Company: 158 709 000 €2025 Company: 166 461 000 €2025
Employees 2025: 49 · +145.0% vs 2024 · industry median 1 · above 98% of the industry
010203040502016 Company: 0 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 120182019 Company: 16 Industry median: 120192020 Company: 11 Industry median: 120202021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 120222023 Company: 44 Industry median: 120232024 Company: 20 Industry median: 120242025 Company: 49 Industry median: 12025010203040502018 Company: 0 Industry median: 12019 Company: 16 Industry median: 120192020 Company: 11 Industry median: 12021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 12023 Company: 44 Industry median: 120232024 Company: 20 Industry median: 12025 Company: 49 Industry median: 12025
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Assets, € Equity, € Employees
2025 1 995 000 7 752 000 266 480 000 166 461 000 49
2024 1 538 000 47 951 000 257 865 000 158 709 000 20
2023 1 322 000 9 159 000 232 577 000 110 758 000 44
2022 1 193 000 5 933 000 174 675 000 101 599 000 0
2021 762 000 18 440 000 134 718 000 95 666 000 0
2020 782 000 6 072 000 113 637 000 77 226 000 11
2019 1 069 000 29 774 000 105 923 000 71 154 000 16
2018 — — — — 0
2017 — — — — 0
2016 — — — — 0
2015 — — — — 0
2014 — — — — 0
2013 — — — — 0
2012 — — — — 0
2011 — — — — 0
2010 — — — — 0
2009 — — — — 0
2008 — — — — 0
2007 — — — — 0

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
388.6 %
Net profit / revenue
Return on equity (ROE)
4.7 %
Net profit / equity
Return on assets (ROA)
2.9 %
Net profit / assets
Equity ratio
62.5 %
Equity / assets
Debt ratio
37.5 %
Liabilities / assets
Current ratio
5.55
Current assets / current liabilities
Revenue per employee
40 714 €
Revenue / average full-time employees

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 29 Jun 2026 Consolidated · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 27 Jun 2025 Consolidated · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 26 Jun 2024 Consolidated · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 29 Jun 2023 Consolidated · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 29 Jun 2022 Consolidated · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 28 Jun 2021 Consolidated · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 29 Jun 2020 Consolidated · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 20 Oct 2017
  • Taavi Ojala
    Board member · since 7 Apr 2010
  • Rait Pallo
    Board member · since 27 Feb 2018

Right of representation

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

Owners

No owner information.

Owner in

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 70201Business and other management consultancy activities Main
Rulings
Number, date Title Deadline State Document
Ä 10111963 / M8
29 Nov 2022
Ruling to correct data outside an entry 13 Dec 2022 In force
29 Nov 2022
PDF
Ä 10111963 / M7
30 Jul 2021
Procedural ruling 29 Aug 2021 Deficiencies eliminated
10 Aug 2021
PDF
Ä 10111963 / 25
28 May 2020
Amendment entry In force
28 May 2020
PDF
Ä 10111963 / M6
26 May 2020
Ruling to eliminate deficiencies 13 Jun 2020 Deficiencies eliminated
28 May 2020
PDF
Ä 10111963 / 24
30 Jul 2018
Amendment entry In force
30 Jul 2018
PDF
Ä 10111963 / 23
19 Jun 2018
Amendment entry In force
19 Jun 2018
PDF
Ä 10111963 / 22
22 Apr 2018
Second (constitutive) merger entry In force
22 Apr 2018
PDF
Ä 10111963 / M5
12 Apr 2018
Ruling to eliminate deficiencies 12 May 2018 Deficiencies eliminated
22 Apr 2018
PDF
Ä 10111963 / 21
27 Feb 2018
Amendment entry In force
27 Feb 2018
PDF
Ä 10111963 / M4
13 Feb 2018
Ruling to eliminate deficiencies 15 Mar 2018 Deficiencies eliminated
21 Feb 2018
PDF
Ä 10111963 / M3
29 Jan 2018
Ruling to eliminate deficiencies 28 Feb 2018 Deficiencies eliminated
7 Feb 2018
PDF
Ä 10111963 / 20
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10111963 / 19
30 Nov 2017
Amendment entry In force
30 Nov 2017
PDF
Ä 10111963 / 18
27 Oct 2017
Amendment entry In force
27 Oct 2017
PDF
Ä 10111963 / 17
20 Oct 2017
Transformation entry In force
20 Oct 2017
PDF
Ä 10111963 / M2
17 Oct 2017
Ruling to eliminate deficiencies 1 Nov 2017 Deficiencies eliminated
20 Oct 2017
PDF
Ä 10111963 / 16
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10111963 / 15
14 Sep 2017
Amendment entry In force
14 Sep 2017
PDF
Ä 10111963 / 14
12 Sep 2017
Amendment entry In force
12 Sep 2017
PDF
Ä 10111963 / 13
23 Mar 2017
Amendment entry In force
23 Mar 2017
PDF
Ä 10111963 / 12
31 Aug 2016
Amendment entry In force
31 Aug 2016
PDF
Ä 10111963 / 11
15 Jun 2015
Amendment entry In force
15 Jun 2015
PDF
Ä 10111963 / 10
20 Mar 2014
Amendment entry In force
20 Mar 2014
PDF
Ä 10111963 / 9
6 Oct 2011
Amendment entry In force
6 Oct 2011
PDF
Ä 10111963 / 8
12 Apr 2010
Amendment entry In force
12 Apr 2010
PDF
Ä 10111963 / 7
7 Apr 2010
Amendment entry In force
7 Apr 2010
PDF
Ä 10111963 / M1
22 Mar 2010
Ruling to eliminate deficiencies 22 Apr 2010 In force
22 Mar 2010
PDF
Ä 111963 / 6
2 Feb 2010
Amendment entry In force
2 Feb 2010
PDF
Ä 111963 / 5
11 Feb 2009
Amendment entry In force
11 Feb 2009
PDF
Ä 111963 / 4
4 Jul 2008
Amendment entry In force
4 Jul 2008
PDF
Ä 111963 / 3
20 May 2008
Amendment entry In force
20 May 2008
PDF
Ä 111963 / 2
20 Sep 2007
Amendment entry In force
20 Sep 2007
PDF
Ä 111963
11 Sep 2007
First entry In force
11 Sep 2007
PDF

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