Põhjala Brewing AS

Active Registry code 12208941 AS Tallinn Registered 22 Dec 2011

Põhjala Brewing AS is a AS based in Tallinn, registry code 12208941, status: active. Main activity: Manufacture of beer. According to EMTA, turnover for Q3 2026 was €1 927 011 with 21 employees.

Turnover

1 927 011 €

↑ 6.8% vs Q2 2026

State taxes

222 911 €

↑ 19.5% vs Q2 2026

Labour taxes

123 200 €

↑ 16.9% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Manufacture of beverages · EMTAK 11

Turnover · Q3 2026 1.9 mn €

above 94% of companies

industry median 19 941 € · companies in the industry: 125
Labour taxes per employee 5 867 €

above 92% of companies

industry median 1 841 € · companies in the industry: 74
Revenue · 2025 5 mn €

above 98% of companies

industry median 31 090 € · companies in the industry: 148
Net profit margin · 2025 2.0 %

above 54% of companies

industry median 1.1 % · companies in the industry: 115

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 927 011 € · +6.8% vs Q2 2026 · industry median 19 941 € · above 94% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 5 867 € · +22.4% vs Q2 2026 · industry median 1 841 € · above 92% of the industry

Company
Industry median

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

Employees Q3 2026: 21 · −4.5% vs Q2 2026

State taxes, € thousand Q3 2026: 222 911 € · +19.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 927 011	222 911	123 200	21
Q2 2026	1 804 732	186 575	105 428	22
Q1 2026	1 112 650	138 599	121 558	21
Q4 2025	1 726 081	149 836	117 588	22
Q3 2025	1 859 656	241 451	119 343	23
Q2 2025	1 602 080	150 692	115 710	22
Q1 2025	1 447 859	143 010	126 153	22
Q4 2024	1 500 450	147 736	111 559	22
Q3 2024	1 904 877	215 533	118 539	21
Q2 2024	1 655 428	137 310	106 542	20
Q1 2024	1 121 363	109 061	108 711	19
Q4 2023	1 344 597	138 763	120 038	20
Q3 2023	2 236 094	167 194	119 224	18
Q2 2023	1 604 912	149 802	113 654	20
Q1 2023	1 097 949	108 119	108 180	21
Q4 2022	1 405 780	113 565	120 469	24
Q3 2022	1 658 011	152 232	114 287	24
Q2 2022	1 605 493	90 659	96 088	24
Q1 2022	1 059 999	92 496	98 257	21

Labour taxes per employee per month

1 956 €

Turnover per employee in the quarter

91 762 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 5 023 505 € · −1.6% vs 2024 · industry median 31 090 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 98 078 € · +367.7% vs 2024 · industry median 0 € · above 98% of the industry

Company
Industry median

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

Net profit margin, % 2025: 2.0 % · +1.5 pp vs the year before · industry median 1.1 % · above 54% of the industry

Company
Industry median

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

Assets, € thousand 2025: 4 485 768 € · +0.8% vs 2024

Equity, € thousand 2025: 2 104 797 € · +4.9% vs 2024

Employees 2025: 20 · +0.0% vs 2024 · industry median 3 · above 90% of the industry

Company
Industry median

Industry: Manufacture of beverages (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	5 023 505	98 078	1 094 435	4 485 768	2 104 797	20
2024	5 106 049	20 970	1 094 554	4 451 800	2 006 719	20
2023	4 694 831	-248 131	1 100 451	4 644 073	1 984 907	0
2022	4 547 093	-162 926	1 049 676	5 087 973	2 231 356	0
2021	3 669 738	-60 264	847 848	5 023 800	2 391 994	22
2020	2 947 925	-393 749	679 756	4 774 107	1 315 416	21
2019	3 493 928	-245 138	712 179	5 252 760	-11 104	15
2018	—	—	—	—	—	12
2017	—	—	—	—	—	11
2016	—	—	—	—	—	12
2015	—	—	—	—	—	0
2014	—	—	—	—	—	3
2013	—	—	—	—	—	1
2012	—	—	—	—	—	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

2.0 %

Net profit / revenue

Return on equity (ROE)

4.7 %

Net profit / equity

Return on assets (ROA)

2.2 %

Net profit / assets

Equity ratio

46.9 %

Equity / assets

Debt ratio

53.1 %

Liabilities / assets

Current ratio

0.60

Current assets / current liabilities

Revenue per employee

251 175 €

Revenue / average full-time employees

Labour cost per employee per month

4 560 €

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	Consolidated · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Consolidated · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	20 Jun 2024	Consolidated · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	20 Jun 2023	Consolidated · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	27 Apr 2022	Consolidated · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	15 Jun 2021	Consolidated · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	3 Apr 2020	Consolidated · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
4	1 664 400 €	AS LHV Pank	23 Mar 2018 – in force
3	60 000 €	AS LHV Pank	15 Jun 2015 – in force
2	48 100 €	AS LHV Pank	17 Oct 2014 – in force
1	227 500 €	AS LHV Pank	19 Jun 2013 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Peeter Keek
Board member · since 22 Dec 2011
Kristi Hagel
Board member · since 2 Jul 2021
Tiit Paananen
Board member · since 11 Feb 2025

Right of representation

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

Owners

No owner information.

Owner in

OÜ Põhjala Retail
100%

Beneficial owners

Ott Kaukver
Member of a senior management body (management or supervisory board) · since 29 Sep 2023
Enn Parel
Member of a senior management body (management or supervisory board) · since 5 Mar 2020
Priit Pahapill
Member of a senior management body (management or supervisory board) · since 5 Mar 2020
Tiit Paananen
Member of a senior management body (management or supervisory board) · since 5 Mar 2020

Founders and other persons

Enn Parel
Founder · 850 € · 21 Dec 2011
Gren Noormets
Founder · 850 € · 21 Dec 2011
Peeter Keek
Founder · 850 € · 21 Dec 2011
Kontrollikoda OÜ
Audit firm · 1 Aug 2025
Enn Parel
Chairman of the supervisory board · 1 Jul 2026
Gren Noormets
Supervisory board member · 15 Jun 2026
Ott Kaukver
Supervisory board member · 1 Jul 2026
Priit Pahapill
Supervisory board member · 1 Jul 2026
Omanikukonto: BRACINO OÜ
Shareholder · 18 664 € · 16 Aug 2023
Omanikukonto: Garage Inc. OÜ
Shareholder · 18 776 € · 18 Aug 2023
Omanikukonto: Osaühing Wavefox
Shareholder · 12 309 € · 6 Jan 2026
Omanikukonto: Kergo Kapital OÜ
Shareholder · 11 142 € · 30 Jun 2026

shared board members, owners or beneficial owners

Activities (EMTAK)

11051Manufacture of beer Main
46901Non-specialised wholesale trade

Rulings 32

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 30047767 / 25 11 Feb 2025	Amendment entry		In force 11 Feb 2025	PDF
Ä 30047767 / 24 4 Feb 2025	Amendment entry		In force 4 Feb 2025	PDF
Ä 30047767 / 23 28 Aug 2024	Amendment entry		In force 28 Aug 2024	PDF
Ä 30047767 / M7 23 Aug 2024	Ruling to eliminate deficiencies	7 Sep 2024	Deficiencies eliminated 26 Aug 2024	PDF
Ä 30047767 / M6 21 Aug 2024	Ruling to eliminate deficiencies	5 Sep 2024	Deficiencies eliminated 26 Aug 2024	PDF
Ä 30047767 / 22 1 Feb 2024	Amendment entry		In force 1 Feb 2024	PDF
Ä 30047767 / M5 29 Jan 2024	Ruling to eliminate deficiencies		Deficiencies eliminated 31 Jan 2024	PDF
Ä 30047767 / 21 18 Sep 2023	Amendment entry		In force 18 Sep 2023	PDF
Ä 30047767 / 20 2 Jul 2021	Amendment entry		In force 2 Jul 2021	PDF
Ä 30047767 / 19 1 Jul 2021	Amendment entry		In force 1 Jul 2021	PDF
Ä 30047767 / 18 24 Sep 2020	Amendment entry		In force 24 Sep 2020	PDF
Ä 30047767 / 17 22 Sep 2020	Amendment entry		In force 22 Sep 2020	PDF
Ä 30047767 / 16 28 Nov 2018	Amendment under Commercial Code § 525 (2)		In force 28 Nov 2018	PDF
K 30047767 / 15 23 Mar 2018	Commercial pledge entered		In force 23 Mar 2018	PDF
Ä 30047767 / 14 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 30047767 / 13 2 Dec 2017	Amendment entry		In force 2 Dec 2017	PDF
Ä 30047767 / 12 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 30047767 / 11 25 May 2017	Transformation entry		In force 25 May 2017	PDF
Ä 30047767 / M4 18 May 2017	Ruling to eliminate deficiencies	17 Jun 2017	Deficiencies eliminated 25 May 2017	PDF
Ä 30047767 / 10 29 Sep 2016	Amendment entry		In force 29 Sep 2016	PDF
Ä 30047767 / 9 15 Dec 2015	Amendment entry		In force 15 Dec 2015	PDF
K 30047767 / 8 15 Jun 2015	Commercial pledge entered		In force 15 Jun 2015	PDF
Ä 30047767 / 7 17 Oct 2014	Amendment entry		In force 17 Oct 2014	PDF
K 30047767 / 6 17 Oct 2014	Commercial pledge entered		In force 17 Oct 2014	PDF
K 30047767 / M3 23 Jul 2014	Ruling to eliminate deficiencies	22 Aug 2014	In force 23 Jul 2014	PDF
Ä 30047767 / 5 19 Jun 2013	Amendment entry		In force 19 Jun 2013	PDF
K 30047767 / 4 19 Jun 2013	Commercial pledge entered		In force 19 Jun 2013	PDF
K 30047767 / M2 11 Jun 2013	Ruling to eliminate deficiencies	11 Jul 2013	Deficiencies eliminated 13 Jun 2013	PDF
Ä 30047767 / M1 6 Jun 2013	Ruling to eliminate deficiencies	6 Jul 2013	Deficiencies eliminated 19 Jun 2013	PDF
Ä 30047767 / 3 8 May 2013	Amendment entry		In force 8 May 2013	PDF
Ä 30047767 / 2 5 Feb 2013	Amendment entry		In force 5 Feb 2013	PDF
Ä 30047767 22 Dec 2011	First entry		In force 22 Dec 2011	PDF

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

Põhjala Brewing AS

Position in the industry Manufacture of beverages · EMTAK 11

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 32