Threod Systems AS

Active Registry code 12323903 AS Lubja küla Registered 3 Aug 2012
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Threod Systems AS is a AS based in Lubja küla, registry code 12323903, status: active. Main activity: Manufacture of civilian air and spacecraft and related machinery. According to EMTA, turnover for Q3 2026 was €8 166 707 with 222 employees.

Turnover
8 166 707 €
↓ 35.2% vs Q2 2026
State taxes
1 315 726 €
↑ 18.2% vs Q2 2026
Labour taxes
1 398 203 €
↑ 16.0% vs Q2 2026
Employees
222
+11 vs Q2 2026

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

Position in the industry Manufacture of other transport equipment · EMTAK 30

  • Turnover · Q3 2026 8.2 mn €
    industry median 33 597 € · companies in the industry: 110
  • Labour taxes per employee 6 298 €
    industry median 2 212 € · companies in the industry: 94
  • Revenue · 2025 47.2 mn €
    industry median 61 813 € · companies in the industry: 163
  • Net profit margin · 2025 33.1 %
    industry median 6.8 % · companies in the industry: 119

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 8 166 707 € · −35.2% vs Q2 2026 · industry median 33 597 € · above 98% of the industry
05 00010 00015 00020 00025 000Q4 2023 Company: 3 266 265 € Industry median: 31 036 €Q4·23Q1 2024 Company: 12 872 179 € Industry median: 31 901 €Q2 2024 Company: 9 956 113 € Industry median: 38 144 €Q2·24Q3 2024 Company: 2 636 183 € Industry median: 31 305 €Q4 2024 Company: 10 069 669 € Industry median: 26 447 €Q4·24Q1 2025 Company: 8 760 508 € Industry median: 26 443 €Q2 2025 Company: 15 934 458 € Industry median: 44 738 €Q2·25Q3 2025 Company: 3 587 298 € Industry median: 40 552 €Q4 2025 Company: 23 293 802 € Industry median: 34 994 €Q4·25Q1 2026 Company: 24 584 411 € Industry median: 37 200 €Q2 2026 Company: 12 604 225 € Industry median: 36 087 €Q2·26Q3 2026 Company: 8 166 707 € Industry median: 33 597 €Q3·2605 00010 00015 00020 00025 000Q4 2024 Company: 10 069 669 € Industry median: 26 447 €Q1 2025 Company: 8 760 508 € Industry median: 26 443 €Q1·25Q2 2025 Company: 15 934 458 € Industry median: 44 738 €Q3 2025 Company: 3 587 298 € Industry median: 40 552 €Q3·25Q4 2025 Company: 23 293 802 € Industry median: 34 994 €Q1 2026 Company: 24 584 411 € Industry median: 37 200 €Q1·26Q2 2026 Company: 12 604 225 € Industry median: 36 087 €Q3 2026 Company: 8 166 707 € Industry median: 33 597 €Q3·26
  • Company
  • Industry median

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

Labour taxes per employee, € Q3 2026: 6 298 € · +10.2% vs Q2 2026 · industry median 2 212 € · above 93% of the industry
02 0004 0006 0008 000Q4 2023 Company: 4 283 € Industry median: 1 871 €Q4·23Q1 2024 Company: 5 228 € Industry median: 1 626 €Q2 2024 Company: 4 793 € Industry median: 1 773 €Q2·24Q3 2024 Company: 5 477 € Industry median: 1 836 €Q4 2024 Company: 4 845 € Industry median: 1 842 €Q4·24Q1 2025 Company: 6 491 € Industry median: 1 841 €Q2 2025 Company: 5 591 € Industry median: 2 376 €Q2·25Q3 2025 Company: 6 416 € Industry median: 2 085 €Q4 2025 Company: 5 998 € Industry median: 2 152 €Q4·25Q1 2026 Company: 7 604 € Industry median: 2 215 €Q2 2026 Company: 5 714 € Industry median: 2 166 €Q2·26Q3 2026 Company: 6 298 € Industry median: 2 212 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 4 845 € Industry median: 1 842 €Q1 2025 Company: 6 491 € Industry median: 1 841 €Q1·25Q2 2025 Company: 5 591 € Industry median: 2 376 €Q3 2025 Company: 6 416 € Industry median: 2 085 €Q3·25Q4 2025 Company: 5 998 € Industry median: 2 152 €Q1 2026 Company: 7 604 € Industry median: 2 215 €Q1·26Q2 2026 Company: 5 714 € Industry median: 2 166 €Q3 2026 Company: 6 298 € Industry median: 2 212 €Q3·26
  • Company
  • Industry median

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

Employees Q3 2026: 222 · +5.2% vs Q2 2026
050100150200250Q4 2023 Company: 118Q4·23Q1 2024 Company: 128Q2 2024 Company: 136Q2·24Q3 2024 Company: 137Q4 2024 Company: 149Q4·24Q1 2025 Company: 153Q2 2025 Company: 169Q2·25Q3 2025 Company: 179Q4 2025 Company: 184Q4·25Q1 2026 Company: 196Q2 2026 Company: 211Q2·26Q3 2026 Company: 222Q3·26050100150200250Q4 2024 Company: 149Q1 2025 Company: 153Q1·25Q2 2025 Company: 169Q3 2025 Company: 179Q3·25Q4 2025 Company: 184Q1 2026 Company: 196Q1·26Q2 2026 Company: 211Q3 2026 Company: 222Q3·26
State taxes, € thousand Q3 2026: 1 315 726 € · +18.2% vs Q2 2026
01 0002 0003 0004 0005 000Q4 2023 Company: 478 133 €Q4·23Q1 2024 Company: 777 742 €Q2 2024 Company: 617 819 €Q2·24Q3 2024 Company: 716 784 €Q4 2024 Company: 682 057 €Q4·24Q1 2025 Company: 950 511 €Q2 2025 Company: 885 817 €Q2·25Q3 2025 Company: 1 086 548 €Q4 2025 Company: 3 704 443 €Q4·25Q1 2026 Company: 4 332 538 €Q2 2026 Company: 1 112 854 €Q2·26Q3 2026 Company: 1 315 726 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 682 057 €Q1 2025 Company: 950 511 €Q1·25Q2 2025 Company: 885 817 €Q3 2025 Company: 1 086 548 €Q3·25Q4 2025 Company: 3 704 443 €Q1 2026 Company: 4 332 538 €Q1·26Q2 2026 Company: 1 112 854 €Q3 2026 Company: 1 315 726 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 8 166 707 1 315 726 1 398 203 222
Q2 2026 12 604 225 1 112 854 1 205 623 211
Q1 2026 24 584 411 4 332 538 1 490 441 196
Q4 2025 23 293 802 3 704 443 1 103 561 184
Q3 2025 3 587 298 1 086 548 1 148 407 179
Q2 2025 15 934 458 885 817 944 957 169
Q1 2025 8 760 508 950 511 993 050 153
Q4 2024 10 069 669 682 057 721 849 149
Q3 2024 2 636 183 716 784 750 417 137
Q2 2024 9 956 113 617 819 651 895 136
Q1 2024 12 872 179 777 742 669 132 128
Q4 2023 3 266 265 478 133 505 409 118
Q3 2023 4 353 227 447 784 473 874 106
Q2 2023 3 829 906 388 593 409 157 97
Q1 2023 5 001 166 391 780 412 389 96
Q4 2022 3 281 405 296 458 302 624 76
Q3 2022 1 053 141 270 074 283 888 64
Q2 2022 939 030 251 490 265 129 61
Q1 2022 1 057 271 386 341 294 369 56
Labour taxes per employee per month
2 099 €
Turnover per employee in the quarter
36 787 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 47 178 948 € · +24.1% vs 2024 · industry median 61 813 € · above 98% of the industry
010 00020 00030 00040 00050 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 252 560 € Industry median: 83 256 €20192020 Company: 7 244 209 € Industry median: 61 483 €20202021 Company: 2 968 527 € Industry median: 61 656 €20212022 Company: 6 884 152 € Industry median: 50 177 €20222023 Company: 20 355 314 € Industry median: 53 204 €20232024 Company: 38 015 397 € Industry median: 47 546 €20242025 Company: 47 178 948 € Industry median: 61 813 €2025010 00020 00030 00040 00050 0002018 Company: — Industry median: —2019 Company: 1 252 560 € Industry median: 83 256 €20192020 Company: 7 244 209 € Industry median: 61 483 €2021 Company: 2 968 527 € Industry median: 61 656 €20212022 Company: 6 884 152 € Industry median: 50 177 €2023 Company: 20 355 314 € Industry median: 53 204 €20232024 Company: 38 015 397 € Industry median: 47 546 €2025 Company: 47 178 948 € Industry median: 61 813 €2025
  • Company
  • Industry median

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

Net profit, € thousand 2025: 15 618 889 € · +76.4% vs 2024 · industry median 2 204 € · above 98% of the industry
-5 00005 00010 00015 00020 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -2 567 674 € Industry median: 3 534 €20192020 Company: -1 502 184 € Industry median: 1 565 €20202021 Company: -2 772 824 € Industry median: 1 295 €20212022 Company: 57 945 € Industry median: 595 €20222023 Company: 4 527 143 € Industry median: 548 €20232024 Company: 8 856 580 € Industry median: 559 €20242025 Company: 15 618 889 € Industry median: 2 204 €2025-5 00005 00010 00015 00020 0002018 Company: — Industry median: —2019 Company: -2 567 674 € Industry median: 3 534 €20192020 Company: -1 502 184 € Industry median: 1 565 €2021 Company: -2 772 824 € Industry median: 1 295 €20212022 Company: 57 945 € Industry median: 595 €2023 Company: 4 527 143 € Industry median: 548 €20232024 Company: 8 856 580 € Industry median: 559 €2025 Company: 15 618 889 € Industry median: 2 204 €2025
  • Company
  • Industry median

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

Net profit margin, % 2025: 33.1 % · +9.8 pp vs the year before · industry median 6.8 % · above 78% of the industry
-250-200-150-100-500502016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -205.0 % Industry median: 6.2 %20192020 Company: -20.7 % Industry median: 5.6 %20202021 Company: -93.4 % Industry median: 5.9 %20212022 Company: 0.8 % Industry median: 4.1 %20222023 Company: 22.2 % Industry median: 4.5 %20232024 Company: 23.3 % Industry median: 4.2 %20242025 Company: 33.1 % Industry median: 6.8 %2025-250-200-150-100-500502018 Company: — Industry median: —2019 Company: -205.0 % Industry median: 6.2 %20192020 Company: -20.7 % Industry median: 5.6 %2021 Company: -93.4 % Industry median: 5.9 %20212022 Company: 0.8 % Industry median: 4.1 %2023 Company: 22.2 % Industry median: 4.5 %20232024 Company: 23.3 % Industry median: 4.2 %2025 Company: 33.1 % Industry median: 6.8 %2025
  • Company
  • Industry median

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

Assets, € thousand 2025: 44 355 606 € · +63.7% vs 2024
010 00020 00030 00040 00050 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 6 275 436 €20192020 Company: 5 752 195 €20202021 Company: 4 174 872 €20212022 Company: 9 911 372 €20222023 Company: 18 501 840 €20232024 Company: 27 088 043 €20242025 Company: 44 355 606 €2025010 00020 00030 00040 00050 0002018 Company: —2019 Company: 6 275 436 €20192020 Company: 5 752 195 €2021 Company: 4 174 872 €20212022 Company: 9 911 372 €2023 Company: 18 501 840 €20232024 Company: 27 088 043 €2025 Company: 44 355 606 €2025
Equity, € thousand 2025: 28 379 185 € · +192.8% vs 2024
-10 000010 00020 00030 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 2 537 669 €20192020 Company: 1 035 485 €20202021 Company: -1 255 659 €20212022 Company: 2 912 285 €20222023 Company: 7 439 428 €20232024 Company: 9 692 224 €20242025 Company: 28 379 185 €2025-10 000010 00020 00030 0002018 Company: —2019 Company: 2 537 669 €20192020 Company: 1 035 485 €2021 Company: -1 255 659 €20212022 Company: 2 912 285 €2023 Company: 7 439 428 €20232024 Company: 9 692 224 €2025 Company: 28 379 185 €2025
Employees 2025: 174 · +30.8% vs 2024 · industry median 3 · above 98% of the industry
0501001502002016 Company: 11 Industry median: —20162017 Company: 22 Industry median: —20172018 Company: 39 Industry median: 2.520182019 Company: 47 Industry median: 320192020 Company: 51 Industry median: 320202021 Company: 50 Industry median: 320212022 Company: 59 Industry median: 320222023 Company: 96 Industry median: 320232024 Company: 133 Industry median: 2.520242025 Company: 174 Industry median: 320250501001502002018 Company: 39 Industry median: 2.52019 Company: 47 Industry median: 320192020 Company: 51 Industry median: 32021 Company: 50 Industry median: 320212022 Company: 59 Industry median: 32023 Company: 96 Industry median: 320232024 Company: 133 Industry median: 2.52025 Company: 174 Industry median: 32025
  • Company
  • Industry median

Industry: Manufacture of other transport equipment (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 47 178 948 15 618 889 10 329 561 44 355 606 28 379 185 174
2024 38 015 397 8 856 580 7 620 626 27 088 043 9 692 224 133
2023 20 355 314 4 527 143 5 173 133 18 501 840 7 439 428 96
2022 6 884 152 57 945 2 818 693 9 911 372 2 912 285 59
2021 2 968 527 -2 772 824 2 483 416 4 174 872 -1 255 659 50
2020 7 244 209 -1 502 184 2 109 930 5 752 195 1 035 485 51
2019 1 252 560 -2 567 674 1 012 258 6 275 436 2 537 669 47
2018 — — — — — 39
2017 — — — — — 22
2016 — — — — — 11
2015 — — — — — 8
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
33.1 %
Net profit / revenue
Return on equity (ROE)
55.0 %
Net profit / equity
Return on assets (ROA)
35.2 %
Net profit / assets
Equity ratio
64.0 %
Equity / assets
Debt ratio
36.0 %
Liabilities / assets
Current ratio
2.92
Current assets / current liabilities
Revenue per employee
271 143 €
Revenue / average full-time employees
Labour cost per employee per month
4 947 €
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 30 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 23 Apr 2020 Company’s own · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
2 3 250 000 € AS LHV Pank 24 Jul 2026 – in force
1 3 250 000 € AS LHV Pank 10 Sep 2024 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 22 Aug 2023
  • Arno Vaik
    Board member · since 6 Jan 2020
  • Mikk Murumäe
    Board member · since 25 Mar 2021

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)

  • 30311Manufacture of civilian air and spacecraft and related machinery Main
  • 33161Repair and maintenance of civilian air and spacecraft
Rulings
Number, date Title Deadline State Document
K 10171874 / 32
24 Jul 2026
Commercial pledge entered In force
24 Jul 2026
PDF
Ä 10171874 / M19
13 Nov 2024
Ruling to correct data outside an entry 27 Nov 2024 In force
13 Nov 2024
PDF
Ä 10171874 / 31
13 Nov 2024
Amendment entry In force
13 Nov 2024
PDF
K 10171874 / 30
10 Sep 2024
Commercial pledge entered In force
10 Sep 2024
PDF
K 10171874 / M18
4 Sep 2024
Procedural ruling 14 Sep 2024 Deficiencies eliminated
4 Sep 2024
PDF
Ä 10171874 / 29
18 Jul 2024
Amendment entry In force
18 Jul 2024
PDF
Ä 10171874 / M17
17 Jul 2024
Ruling to eliminate deficiencies 16 Aug 2024 Deficiencies eliminated
18 Jul 2024
PDF
Ä 10171874 / 28
22 Aug 2023
Amendment entry In force
22 Aug 2023
PDF
Ä 10171874 / 27
5 Jun 2023
Transformation entry In force
5 Jun 2023
PDF
Ä 10171874 / 26
25 Jan 2022
Amendment entry In force
25 Jan 2022
PDF
Ä 10171874 / 25
3 Jan 2022
Amendment entry In force
3 Jan 2022
PDF
Ä 10171874 / 24
25 Mar 2021
Amendment entry In force
25 Mar 2021
PDF
Ä 10171874 / M16
23 Mar 2021
Ruling to eliminate deficiencies 4 Apr 2021 Deficiencies eliminated
24 Mar 2021
PDF
Ä 10171874 / 23
4 Dec 2020
Amendment entry In force
4 Dec 2020
PDF
Ä 10171874 / M15
12 May 2020
Ruling to correct data outside an entry 11 Jun 2020 Deficiencies eliminated
13 May 2020
PDF
Ä 10171874 / 22
6 Jan 2020
Amendment entry In force
6 Jan 2020
PDF
Ä 10171874 / 21
8 Nov 2019
Amendment entry In force
8 Nov 2019
PDF
Ä 10171874 / 20
29 Oct 2019
Amendment entry In force
29 Oct 2019
PDF
Ä 10171874 / M14
7 Feb 2019
Ruling to eliminate deficiencies in the annual report 2 Jul 2019 Deficiencies eliminated
7 Aug 2019
PDF
Ä 10171874 / 19
25 Oct 2018
Amendment entry In force
25 Oct 2018
PDF
Ä 10171874 / 18
13 Aug 2018
Amendment entry In force
13 Aug 2018
PDF
Ä 10171874 / M13
31 Jul 2018
Ruling to eliminate deficiencies 30 Aug 2018 Deficiencies eliminated
13 Aug 2018
PDF
Ä 10171874 / 17
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10171874 / 16
2 Dec 2017
Amendment entry In force
2 Dec 2017
PDF
Ä 10171874 / 15
22 Sep 2017
Amendment entry In force
22 Sep 2017
PDF
Ä 10171874 / 14
2 Feb 2017
Amendment entry In force
2 Feb 2017
PDF
Ä 10171874 / 13
7 Dec 2016
Amendment entry In force
7 Dec 2016
PDF
Ä 10171874 / M12
24 Nov 2016
Ruling to eliminate deficiencies 24 Dec 2016 Deficiencies eliminated
7 Dec 2016
PDF
Ä 10171874 / 12
23 Sep 2016
Amendment entry In force
23 Sep 2016
PDF
Ä 10171874 / M11
14 Sep 2016
Ruling to eliminate deficiencies 24 Sep 2016 Deficiencies eliminated
20 Sep 2016
PDF
Ä 10171874 / 11
5 Sep 2016
Amendment entry In force
5 Sep 2016
PDF
Ä 10171874 / 10
2 Sep 2016
Amendment entry In force
2 Sep 2016
PDF
Ä 10171874 / M10
8 Aug 2016
Ruling to eliminate deficiencies 28 Aug 2016 In force
8 Aug 2016
PDF
Ä 10171874 / M9
28 Jul 2016
Ruling to eliminate deficiencies 17 Aug 2016 Deficiencies eliminated
2 Sep 2016
PDF
Ä 10171874 / 9
21 Jul 2016
Amendment entry In force
21 Jul 2016
PDF
Ä 10171874 / M8
19 Jul 2016
Ruling to eliminate deficiencies 18 Aug 2016 Deficiencies eliminated
21 Jul 2016
PDF
Ä 10171874 / M7
15 Jul 2016
Ruling to eliminate deficiencies 14 Aug 2016 Deficiencies eliminated
21 Jul 2016
PDF
Ä 10171874 / 8
26 Apr 2016
Amendment entry In force
26 Apr 2016
PDF
Ä 10171874 / M6
6 Apr 2016
Ruling to eliminate deficiencies 6 May 2016 Deficiencies eliminated
26 Apr 2016
PDF
Ä 10171874 / 7
3 Nov 2015
Amendment entry In force
3 Nov 2015
PDF
Ä 10171874 / M5
16 Oct 2015
Ruling to eliminate deficiencies 15 Nov 2015 Deficiencies eliminated
3 Nov 2015
PDF
Ä 10171874 / 6
14 Jul 2015
Amendment entry In force
14 Jul 2015
PDF
Ä 10171874 / M4
9 Jul 2015
Ruling to eliminate deficiencies 8 Aug 2015 Deficiencies eliminated
14 Jul 2015
PDF
Ä 10171874 / 5
8 Oct 2014
Amendment entry In force
8 Oct 2014
PDF
Ä 10171874 / M3
7 Oct 2014
Ruling to eliminate deficiencies 27 Oct 2014 Deficiencies eliminated
8 Oct 2014
PDF
Ä 10171874 / 4
22 Aug 2014
Entry refused: deficiencies not eliminated In force
8 Sep 2014
PDF
Ä 10171874 / M2
5 Aug 2014
Ruling to eliminate deficiencies 20 Aug 2014 In force
5 Aug 2014
PDF
Ä 10171874 / 3
5 Sep 2013
Amendment entry In force
5 Sep 2013
PDF
Ä 10171874 / 2
19 Apr 2013
Amendment entry In force
19 Apr 2013
PDF
Ä 10171874
3 Aug 2012
First entry In force
3 Aug 2012
PDF
Ä 10171874 / M1
26 Jul 2012
Ruling to eliminate deficiencies 26 Aug 2012 In force
26 Jul 2012
PDF

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