OÜ ICECAT

Active Registry code 12480413 OÜ Kuressaare linn Registered 27 May 2013

OÜ ICECAT is a OÜ based in Kuressaare linn, registry code 12480413, status: active. Main activity: Manufacture of footwear. According to EMTA, turnover for Q3 2026 was €64 300 with 5 employees.

Turnover

64 300 €

↓ 20.9% vs Q2 2026

State taxes

9 839 €

↑ 25.3% vs Q2 2026

Labour taxes

10 796 €

↑ 24.9% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Manufacture of leather and related products of other materials · EMTAK 15

Turnover · Q3 2026 64 300 €

above 83% of companies

industry median 13 698 € · companies in the industry: 52
Labour taxes per employee 2 159 €

above 85% of companies

industry median 1 234 € · companies in the industry: 40
Revenue · 2025 347 387 €

above 90% of companies

industry median 7 384 € · companies in the industry: 106
Net profit margin · 2025 1.2 %

above 45% of companies

industry median 2.3 % · companies in the industry: 73

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 64 300 € · −20.9% vs Q2 2026 · industry median 13 698 € · above 83% of the industry

Company
Industry median

Industry: Manufacture of leather and related products of other materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 159 € · +24.9% vs Q2 2026 · industry median 1 234 € · above 85% of the industry

Company
Industry median

Industry: Manufacture of leather and related products of other materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 5 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 9 839 € · +25.3% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	64 300	9 839	10 796	5
Q2 2026	81 260	7 853	8 642	5
Q1 2026	111 550	16 901	9 244	5
Q4 2025	114 543	8 560	9 250	5
Q3 2025	30 416	10 173	10 959	5
Q2 2025	128 973	10 915	11 734	5
Q1 2025	137 507	20 824	13 250	5
Q4 2024	182 993	13 132	8 915	5
Q3 2024	67 615	9 121	9 849	5
Q2 2024	106 578	9 911	8 402	5
Q1 2024	91 411	8 543	9 215	5
Q4 2023	150 525	8 417	9 093	5
Q3 2023	81 585	8 969	9 681	5
Q2 2023	105 608	8 232	8 900	5
Q1 2023	144 735	15 087	10 651	5
Q4 2022	221 298	9 677	10 403	5
Q3 2022	136 053	11 748	12 637	6
Q2 2022	164 763	17 362	14 971	6
Q1 2022	403 141	14 721	15 762	6

Labour taxes per employee per month

720 €

Turnover per employee in the quarter

12 860 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 347 387 € · −10.5% vs 2024 · industry median 7 384 € · above 90% of the industry

Company
Industry median

Industry: Manufacture of leather and related products of other materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 4 248 € · −89.6% vs 2024 · industry median 7 € · above 82% of the industry

Company
Industry median

Industry: Manufacture of leather and related products of other materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 1.2 % · −9.3 pp vs the year before · industry median 2.3 % · above 45% of the industry

Company
Industry median

Industry: Manufacture of leather and related products of other materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 180 777 € · −22.1% vs 2024

Equity, € thousand 2025: 158 359 € · −14.0% vs 2024

Employees 2025: 5 · +0.0% vs 2024 · industry median 2 · above 76% of the industry

Company
Industry median

Industry: Manufacture of leather and related products of other materials (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	347 387	4 248	109 019	180 777	158 359	5
2024	388 077	40 980	100 857	232 011	184 111	5
2023	379 774	4 150	98 832	194 262	176 130	5
2022	594 270	48 344	122 270	252 091	197 981	5
2021	390 952	23 090	90 296	237 529	166 637	5
2020	357 056	10 877	99 316	187 860	143 547	6
2019	445 885	47 921	122 256	210 012	162 670	7
2018	—	—	—	—	—	7
2017	—	—	—	—	—	7
2016	—	—	—	—	—	7
2015	—	—	—	—	—	8
2014	—	—	—	—	—	11
2013	—	—	—	—	—	9

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

1.2 %

Net profit / revenue

Return on equity (ROE)

2.7 %

Net profit / equity

Return on assets (ROA)

2.3 %

Net profit / assets

Equity ratio

87.6 %

Equity / assets

Debt ratio

12.4 %

Liabilities / assets

Current ratio

8.03

Current assets / current liabilities

Revenue per employee

69 477 €

Revenue / average full-time employees

Labour cost per employee per month

1 817 €

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	2 Feb 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	13 Feb 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	21 Feb 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	20 Feb 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	10 Mar 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	22 Mar 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	11 Mar 2020	Company’s own	e-Äriregister

Board

Luule Kuning
Board member · since 27 May 2013
Kalle Kalmann
Board member · since 12 Apr 2018
Kari Veikko Nikander
Board member · since 12 Apr 2018
Sami Antero Nikander
Board member · since 12 Apr 2018

Right of representation

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

Owners

Devisys Oy
Legal person · 1 650 €

55%
Luule Kuning
Natural person · 900 €

30%
Kairi Kuning
Natural person · 450 €

15%

Beneficial owners

Luule Kuning
Direct ownership · since 10 Sep 2018
Sami Antero Nikander
Member of a senior management body (management or supervisory board) · FIN · since 10 Sep 2018

Founders and other persons

Jaakko Tapio Kivelä
Founder · 1 650 € · 24 May 2013
Kairi Kuning
Founder · 450 € · 24 May 2013
Luule Kuning
Founder · 900 € · 24 May 2013

shared board members, owners or beneficial owners

Activities (EMTAK)

15201Manufacture of footwear Main

Rulings 9

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 30051435 / 8 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
Ä 30051435 / 7 12 Apr 2018	Amendment entry		In force 12 Apr 2018	PDF
Ä 30051435 / M1 9 Mar 2018	Ruling to eliminate deficiencies	29 Mar 2018	Deficiencies eliminated 12 Apr 2018	PDF
Ä 30051435 / 6 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 30051435 / 5 22 Dec 2017	Amendment entry		In force 22 Dec 2017	PDF
Ä 30051435 / 4 6 Dec 2017	Amendment entry		In force 6 Dec 2017	PDF
Ä 30051435 / 3 30 Apr 2015	Amendment under Commercial Code § 525 (2)		In force 30 Apr 2015	PDF
Ä 30051435 / 2 19 Jun 2013	Amendment entry		In force 19 Jun 2013	PDF
Ä 30051435 27 May 2013	First entry		In force 27 May 2013	PDF

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

OÜ ICECAT

Position in the industry Manufacture of leather and related products of other materials · EMTAK 15

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 9