AS Signaal TM
Active Registry code 12394501
AS Tallinn Registered 18 Dec 2012
AS Signaal TM is a AS based in Tallinn, registry code 12394501, status: active. Main activity: Construction of roads and motorways. According to EMTA, turnover for Q3 2026 was €2 172 703 with 55 employees.
Turnover
2 172 703 €
↑ 103.1% vs Q2 2026
State taxes
438 295 €
↑ 109.4% vs Q2 2026
Labour taxes
230 247 €
↑ 58.7% vs Q2 2026
Employees
55
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 2.2 mn €above 98% of companiesindustry median 52 240 € · companies in the industry: 1 125
- Labour taxes per employee 4 186 €above 87% of companiesindustry median 1 750 € · companies in the industry: 933
- Revenue · 2025 4.1 mn €above 95% of companiesindustry median 88 960 € · companies in the industry: 1 426
- Net profit margin · 2025 -5.2 %above 19% of companiesindustry median 5.0 % · companies in the industry: 1 185
Taxes and turnover
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (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 | 2 172 703 | 438 295 | 230 247 | 55 |
| Q2 2026 | 1 069 568 | 209 297 | 145 063 | 55 |
| Q1 2026 | 994 876 | 262 799 | 139 302 | 39 |
| Q4 2025 | 1 825 056 | 502 111 | 250 538 | 37 |
| Q3 2025 | 1 768 855 | 439 439 | 231 832 | 54 |
| Q2 2025 | 885 165 | 221 260 | 140 830 | 55 |
| Q1 2025 | 419 979 | 195 215 | 175 615 | 40 |
| Q4 2024 | 1 775 885 | 484 776 | 253 676 | 41 |
| Q3 2024 | 2 603 036 | 526 642 | 236 916 | 58 |
| Q2 2024 | 1 246 541 | 350 564 | 216 708 | 59 |
| Q1 2024 | 1 000 689 | 348 276 | 227 781 | 62 |
| Q4 2023 | 1 629 655 | 448 020 | 264 052 | 67 |
| Q3 2023 | 3 488 186 | 680 864 | 290 880 | 71 |
| Q2 2023 | 1 385 904 | 278 265 | 209 692 | 74 |
| Q1 2023 | 1 082 876 | 376 391 | 279 207 | 68 |
| Q4 2022 | 3 261 141 | 666 257 | 270 983 | 70 |
| Q3 2022 | 2 587 359 | 488 035 | 251 759 | 74 |
| Q2 2022 | 1 953 760 | 234 611 | 220 481 | 73 |
| Q1 2022 | 1 900 200 | 424 218 | 233 418 | 69 |
Labour taxes per employee per month
1 395 €
Turnover per employee in the quarter
39 504 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (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 | 4 064 972 | -210 508 | 1 791 460 | 1 310 430 | 193 384 | 47 |
| 2024 | 5 509 107 | 16 759 | 2 065 715 | 1 470 738 | 403 892 | 59 |
| 2023 | 6 149 968 | 145 524 | — | 2 099 374 | 387 133 | 71 |
| 2022 | 6 514 856 | 185 919 | — | 2 718 024 | 241 609 | 72 |
| 2021 | 6 700 184 | 509 530 | — | 6 573 465 | 4 171 721 | 0 |
| 2020 | 6 282 448 | 260 001 | — | 6 920 688 | 3 662 191 | 69 |
| 2019 | 8 162 307 | 770 585 | — | 8 337 716 | 3 402 190 | 68 |
| 2018 | — | — | — | — | — | 67 |
| 2017 | — | — | — | — | — | 66 |
| 2016 | — | — | — | — | — | 65 |
| 2015 | — | — | — | — | — | 57 |
| 2014 | — | — | — | — | — | 49 |
| 2013 | — | — | — | — | — | 49 |
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
-5.2 %
Net profit / revenue
Return on equity (ROE)
-108.9 %
Net profit / equity
Return on assets (ROA)
-16.1 %
Net profit / assets
Equity ratio
14.8 %
Equity / assets
Debt ratio
85.2 %
Liabilities / assets
Current ratio
1.19
Current assets / current liabilities
Revenue per employee
86 489 €
Revenue / average full-time employees
Labour cost per employee per month
3 176 €
Labour costs / employees / 12 months (incl. employer taxes)
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 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 30 Jun 2023 | Consolidated · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 30 Jun 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 30 Jun 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 30 Jun 2020 | Consolidated · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 1 | 1 500 000 € | Luminor Bank AS | 11 Sep 2019 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Chris MüürBoard member · since 10 Jul 2023
- Riho HollasBoard member · since 10 Jul 2023
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Beneficial owners
- Karol KovanenIndirect ownership · since 6 Sep 2019
- Urmas SõõrumaaIndirect ownership · since 6 Sep 2019
Founders and other persons
- CG Invest OÜFounder · 30 000 € · 13 Dec 2012
- Mati NõmmisteAudit firm · 4 Apr 2019
- Tarmo KeskkülaChairman of the supervisory board · 20 Jun 2023
- Karol KovanenSupervisory board member · 20 Jun 2023
- Tiit NuudiSupervisory board member · 20 Jun 2023
- Omanikukonto: U.S. INVEST AKTSIASELTSShareholder · 21 000 € · 16 Aug 2023
- Omanikukonto: Kovanen Holding OÜShareholder · 9 000 € · 6 Jan 2026
Related companies
Activities (EMTAK)
- 42111Construction of roads and motorways Main
- 43211Electrical installation work
- 47121Other non-specialised retail sale
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| K 10177443 / 14 22 Sep 2026 |
Commercial pledge amended | In force 22 Sep 2026 |
||
| Ä 10177443 / 13 16 Jul 2025 |
Amendment entry | In force 16 Jul 2025 |
||
| Ä 10177443 / 12 10 Jul 2023 |
Amendment entry | In force 10 Jul 2023 |
||
| Ä 10177443 / 11 1 Jul 2022 |
Division entry (second, constitutive) | In force 1 Jul 2022 |
||
| Ä 10177443 / 10 21 Mar 2022 |
Amendment entry | In force 21 Mar 2022 |
||
| Ä 10177443 / M3 28 Feb 2022 |
Ruling to eliminate deficiencies | 30 Mar 2022 | Deficiencies eliminated 21 Mar 2022 |
|
| Ä 10177443 / 9 8 Oct 2019 |
Amendment entry | In force 8 Oct 2019 |
||
| K 10177443 / 8 11 Sep 2019 |
Commercial pledge entered | In force 11 Sep 2019 |
||
| K 10177443 / M2 10 Sep 2019 |
Procedural ruling | 20 Sep 2019 | Deficiencies eliminated 11 Sep 2019 |
|
| Ä 10177443 / 7 7 Sep 2018 |
Second (constitutive) merger entry | In force 7 Sep 2018 |
||
| Ä 10177443 / 6 18 Jan 2018 |
Amendment entry | In force 18 Jan 2018 |
||
| Ä 10177443 / 5 3 Dec 2017 |
Amendment entry | In force 3 Dec 2017 |
||
| Ä 10177443 / 4 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10177443 / 3 16 Sep 2016 |
Amendment entry | In force 16 Sep 2016 |
||
| Ä 10177443 / M1 17 Jul 2015 |
Procedural ruling | In force 17 Jul 2015 |
||
| Ä 10177443 / 2 18 Dec 2012 |
Third (informative) division entry | In force 18 Dec 2012 |
||
| Ä 10177443 18 Dec 2012 |
First (declaratory) division entry (card of the new company) | In force 18 Dec 2012 |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data