AS E-Piim Tootmine

Bankrupt Registry code 12131598 AS Järva-Jaani alev Registered 8 Jul 2011

AS E-Piim Tootmine is a AS based in Järva-Jaani alev, registry code 12131598, status: bankrupt. Main activity: Manufacture of cheese and curd. According to EMTA, turnover for Q3 2026 was €29 238 789 with 2 employees.

Turnover

29 238 789 €

↑ 3.5% vs Q2 2026

State taxes

0 €

Labour taxes

596 849 €

↑ 44.3% vs Q2 2026

Employees

−6 vs Q2 2026

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

Position in the industry Manufacture of food products · EMTAK 10

Turnover · Q3 2026 29.2 mn €

above 98% of companies

industry median 45 078 € · companies in the industry: 614
Labour taxes per employee 298 425 €

above 98% of companies

industry median 1 325 € · companies in the industry: 551
Revenue · 2024 152.7 mn €

above 98% of companies

industry median 20 780 € · companies in the industry: 1 118
Net profit margin · 2024 -2.3 %

above 25% of companies

industry median 2.3 % · companies in the industry: 862

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 29 238 789 € · +3.5% vs Q2 2026 · industry median 45 078 € · above 98% of the industry

Company
Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € thousand Q3 2026: 298 425 € · +477.0% vs Q2 2026 · industry median 1 325 € · above 98% of the industry

Company
Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 2 · −75.0% vs Q2 2026

State taxes, € Q3 2026: 0 €

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	29 238 789	—	596 849	2
Q2 2026	28 249 079	—	413 746	8
Q1 2026	33 193 544	—	657 669	26
Q4 2025	41 925 016	—	695 662	31
Q3 2025	55 544 305	—	717 016	37
Q2 2025	48 929 794	—	657 869	46
Q1 2025	47 366 743	—	684 752	51
Q4 2024	48 906 177	—	636 781	54
Q3 2024	48 501 369	—	695 126	64
Q2 2024	44 460 169	—	639 484	74
Q1 2024	32 821 455	—	669 014	83
Q4 2023	25 124 206	—	556 077	94
Q3 2023	19 259 914	—	522 667	99
Q2 2023	25 215 013	—	434 286	96
Q1 2023	21 518 572	—	466 871	96
Q4 2022	27 571 975	—	392 518	106
Q3 2022	28 738 240	—	394 431	89
Q2 2022	24 185 346	—	354 835	86
Q1 2022	24 165 538	—	351 353	93

Labour taxes per employee per month

99 475 €

Turnover per employee in the quarter

14 619 395 €

Q3 2026 · calculated from EMTA data

Financials by year

2015 – 2024

Revenue, mn € 2024: 152 743 974 € · +91.0% vs 2023 · industry median 20 780 € · above 98% of the industry

Company
Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2024: -3 577 223 € · +39.2% vs 2023 · industry median 84 € · above 2% of the industry

Company
Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2024: -2.3 % · +5.0 pp vs the year before · industry median 2.3 % · above 25% of the industry

Company
Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, mn € 2024: 211 247 241 € · +10.1% vs 2023

Equity, € thousand 2024: 23 829 423 € · −15.5% vs 2023

Employees 2024: 209 · +4.5% vs 2023 · industry median 3 · above 98% of the industry

Company
Industry median

Industry: Manufacture of food products (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
2024	152 743 974	-3 577 223	6 622 083	211 247 241	23 829 423	209
2023	79 973 467	-5 883 793	4 278 979	191 798 313	28 191 572	200
2022	77 748 253	6 953 944	4 041 436	145 360 693	35 712 416	179
2021	54 447 322	1 174 639	3 458 372	57 132 698	19 997 277	186
2020	52 352 790	447 691	3 418 423	37 572 463	21 347 918	191
2019	49 129 236	1 269 146	3 278 064	38 535 262	22 089 258	195
2018	—	—	—	—	—	184
2017	—	—	—	—	—	185
2016	—	—	—	—	—	187
2015	—	—	—	—	—	184
2014	—	—	—	—	—	218
2013	—	—	—	—	—	222
2012	—	—	—	—	—	195
2011	—	—	—	—	—	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 2024

Net profit margin

-2.3 %

Net profit / revenue

Return on equity (ROE)

-15.0 %

Net profit / equity

Return on assets (ROA)

-1.7 %

Net profit / assets

Equity ratio

11.3 %

Equity / assets

Debt ratio

88.7 %

Liabilities / assets

Current ratio

0.58

Current assets / current liabilities

Revenue per employee

730 832 €

Revenue / average full-time employees

Labour cost per employee per month

2 640 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2024	1 Jan 2024 – 31 Dec 2024	1 Jul 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	1 Jul 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	5 Jul 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	15 Jul 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	26 Jul 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	19 Oct 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
7	208 000 000 €	ING Bank N.V.	30 May 2022 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Jānis Bērtulsons
Board member · since 19 Feb 2020
Indrek Lepsoo
Bankruptcy trustee · since 12 Mar 2026
Olev Kuklase
Bankruptcy trustee · since 12 Mar 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

Kaja Piirfeldt
Member of a senior management body (management or supervisory board) · since 29 Jan 2025

Founders and other persons

Jaanus Murakas
Founder · 750 € · 9 Jun 2011
piimandusühistu E-Piim
Founder · 24 250 € · 9 Jun 2011
KPMG Baltics OÜ
Audit firm · 29 Jun 2020
Kaja Piirfeldt
Chairman of the supervisory board · 26 Sep 2025
Antonio Rodriguez
Supervisory board member · 25 Jan 2022
Constantijn Johannes Josephus Sweep
Supervisory board member · 25 Jan 2022
Franciscus Cornelis Gertrudus Maria van Stipdonk
Supervisory board member · 25 Jan 2022
Jan Frank Arie Anker
Supervisory board member · 25 Jan 2022
Klaas de Jong
Supervisory board member · 25 Jan 2022
Aldis Klavinš
Supervisory board member · 15 Aug 2024
Allar Arusalu
Supervisory board member · 15 Aug 2024
Andres Kirsipuu
Supervisory board member · 15 Aug 2024
Anne Nurk
Supervisory board member · 15 Aug 2024
Karmo Männik
Supervisory board member · 15 Aug 2024
Kristine Lindenberga
Supervisory board member · 15 Aug 2024
Roland Murakas
Supervisory board member · 26 Sep 2025
Amar Marran
Supervisory board member · 15 Oct 2025
Anrijs Aumalis
Supervisory board member · 15 Oct 2025
Erkki Freibach
Supervisory board member · 15 Oct 2025
Guntars Senkāns
Supervisory board member · 15 Oct 2025
Jaanus Kiisk
Supervisory board member · 15 Oct 2025
Mārtiņš Neibergs
Supervisory board member · 15 Oct 2025
Sulev Mölder
Supervisory board member · 15 Oct 2025
Ain Kalme
Member of the bankruptcy committee · 27 Apr 2026
Toomas Mälberg
Member of the bankruptcy committee · 27 Apr 2026
Tõnis Tamme
Member of the bankruptcy committee · 27 Apr 2026
Omanikukonto: PIIRATUD VASTUTUSEGA SCE E-PIIM
Shareholder · 3 024 240 € · 16 Aug 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

10512Manufacture of cheese and curd Main
10519Manufacture of other dairy products, including butter

History of changes

What	Value	Period
Status	Bankrupt	12 Mar 2026 – now
Status	Active	8 Jul 2011 – now

Rulings 45

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 30046403 / 24 12 Mar 2026	Entry to enforce another court decision		In force 12 Mar 2026	PDF
Ä 30046403 / 23 9 Dec 2025	Amendment entry		In force 9 Dec 2025	PDF
Ä 30046403 / 22 7 Nov 2025	Amendment entry		In force 7 Nov 2025	PDF
Ä 30046403 / 21 28 Jan 2025	Amendment entry		In force 28 Jan 2025	PDF
Ä 30046403 / M9 14 Oct 2024	Ruling to correct data outside an entry	28 Oct 2024	In force 14 Oct 2024	PDF
K 30046403 / 20 30 May 2022	Commercial pledge entered		In force 30 May 2022	PDF
K 30046403 / 19 30 May 2022	Commercial pledge deleted		In force 30 May 2022	PDF
Ä 30046403 / 18 17 Feb 2022	Amendment entry		In force 17 Feb 2022	PDF
Ä 30046403 / M8 19 Feb 2020	Ruling to eliminate deficiencies	20 Mar 2020	Deficiencies eliminated 19 Feb 2020	PDF
Ä 30046403 / 17 19 Feb 2020	Amendment entry		In force 19 Feb 2020	PDF
Ä 30046403 / M7 10 Feb 2020	Ruling to correct data outside an entry	11 Mar 2020	Deficiencies eliminated 13 Feb 2020	PDF
Ä 30046403 / 16 10 Feb 2020	Amendment entry		In force 10 Feb 2020	PDF
Ä 30046403 / M6 7 Feb 2020	Ruling to eliminate deficiencies	8 Mar 2020	Deficiencies eliminated 10 Feb 2020	PDF
K 30046403 / 15 19 Mar 2019	Commercial pledge amended		In force 19 Mar 2019	PDF
K 30046403 / 14 19 Mar 2019	Commercial pledge amended		In force 19 Mar 2019	PDF
K 30046403 / 13 19 Mar 2019	Commercial pledge amended		In force 19 Mar 2019	PDF
K 30046403 / 12 19 Mar 2019	Commercial pledge amended		In force 19 Mar 2019	PDF
K 30046403 / 11 19 Mar 2019	Commercial pledge amended		In force 19 Mar 2019	PDF
K 30046403 / 10 19 Mar 2019	Commercial pledge amended		In force 19 Mar 2019	PDF
Ä 30046403 / 9 3 May 2018	Amendment entry		In force 3 May 2018	PDF
Ä 30046403 / M5 24 Apr 2018	Ruling to eliminate deficiencies	14 May 2018	Deficiencies eliminated 3 May 2018	PDF
Ä 30046403 / 8 20 Feb 2018	Amendment entry		In force 20 Feb 2018	PDF
Ä 30046403 / M4 13 Feb 2018	Ruling to eliminate deficiencies	15 Mar 2018	Deficiencies eliminated 20 Feb 2018	PDF
Ä 30046403 / 7 13 Feb 2018	Amendment entry		In force 13 Feb 2018	PDF
Ä 30046403 / M3 9 Feb 2018	Procedural ruling	23 Feb 2018	Deficiencies eliminated 12 Feb 2018	PDF
Ä 30046403 / 6 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 30046403 / 5 2 Dec 2017	Amendment entry		In force 2 Dec 2017	PDF
Ä 30046403 / 4 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 30046403 / 3 21 Nov 2014	Amendment entry		In force 21 Nov 2014	PDF
K 30048488 / 9 14 Sep 2012	Commercial pledge amended		In force 14 Sep 2012	PDF
K 30048488 / 8 14 Sep 2012	Commercial pledge amended		In force 14 Sep 2012	PDF
K 30048488 / 7 14 Sep 2012	Commercial pledge amended		In force 14 Sep 2012	PDF
K 30048488 / 12 14 Sep 2012	Commercial pledge amended		In force 14 Sep 2012	PDF
K 30048488 / 11 14 Sep 2012	Commercial pledge amended		In force 14 Sep 2012	PDF
K 30048488 / 10 14 Sep 2012	Commercial pledge amended		In force 14 Sep 2012	PDF
K 30048488 / 6 26 Mar 2012	Commercial pledge entered		In force 26 Mar 2012	PDF
K 30048488 / 5 26 Mar 2012	Commercial pledge entered		In force 26 Mar 2012	PDF
K 30048488 / 4 26 Mar 2012	Commercial pledge entered		In force 26 Mar 2012	PDF
K 30048488 / 3 26 Mar 2012	Commercial pledge entered		In force 26 Mar 2012	PDF
K 30048488 / 2 26 Mar 2012	Commercial pledge entered		In force 26 Mar 2012	PDF
K 30048488 26 Mar 2012	Commercial pledge entered		In force 26 Mar 2012	PDF
Ä 30046403 / 2 20 Mar 2012	Amendment entry		In force 20 Mar 2012	PDF
Ä 30046403 / M2 19 Oct 2011	Ruling to eliminate deficiencies		In force 19 Oct 2011	PDF
Ä 30046403 8 Jul 2011	First entry		In force 8 Jul 2011	PDF
Ä 30046403 / M1 10 Jun 2011	Ruling to eliminate deficiencies	11 Jul 2011	In force 10 Jun 2011	PDF

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

AS E-Piim Tootmine

Position in the industry Manufacture of food products · EMTAK 10

Taxes and turnover

Financials by year

Financial ratios for 2024

Annual reports

Commercial pledges

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

History of changes

Rulings 45