Wulcan OÜ

Active Registry code 12570180 OÜ Tartu linn Registered 14 Nov 2013
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Wulcan OÜ is a OÜ based in Tartu linn, registry code 12570180, status: active. Main activity: Activities of advertising agencies. According to EMTA, turnover for Q3 2026 was €20 219 with 3 employees.

Turnover
20 219 €
↓ 0.3% vs Q2 2026
State taxes
4 880 €
↓ 8.5% vs Q2 2026
Labour taxes
1 981 €
↑ 14.0% vs Q2 2026
Employees
3
±0 vs Q2 2026

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

Position in the industry Activities of advertising, market research and public relations · EMTAK 73

  • Turnover · Q3 2026 20 219 €
    industry median 15 274 € · companies in the industry: 2 027
  • Labour taxes per employee 660 €
    industry median 1 523 € · companies in the industry: 1 026
  • Revenue · 2025 127 198 €
    industry median 14 652 € · companies in the industry: 3 983
  • Net profit margin · 2025 -8.6 %
    industry median 8.6 % · companies in the industry: 3 053

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 20 219 € · −0.3% vs Q2 2026 · industry median 15 274 € · above 56% of the industry
020 00040 00060 000Q4 2023 Company: 33 753 € Industry median: 18 052 €Q4·23Q1 2024 Company: 38 355 € Industry median: 16 996 €Q2 2024 Company: 20 724 € Industry median: 16 870 €Q2·24Q3 2024 Company: 33 598 € Industry median: 16 642 €Q4 2024 Company: 39 678 € Industry median: 16 532 €Q4·24Q1 2025 Company: 28 307 € Industry median: 16 461 €Q2 2025 Company: 33 981 € Industry median: 16 216 €Q2·25Q3 2025 Company: 50 096 € Industry median: 15 935 €Q4 2025 Company: 37 167 € Industry median: 17 406 €Q4·25Q1 2026 Company: 21 402 € Industry median: 15 816 €Q2 2026 Company: 20 270 € Industry median: 16 003 €Q2·26Q3 2026 Company: 20 219 € Industry median: 15 274 €Q3·26020 00040 00060 000Q4 2024 Company: 39 678 € Industry median: 16 532 €Q1 2025 Company: 28 307 € Industry median: 16 461 €Q1·25Q2 2025 Company: 33 981 € Industry median: 16 216 €Q3 2025 Company: 50 096 € Industry median: 15 935 €Q3·25Q4 2025 Company: 37 167 € Industry median: 17 406 €Q1 2026 Company: 21 402 € Industry median: 15 816 €Q1·26Q2 2026 Company: 20 270 € Industry median: 16 003 €Q3 2026 Company: 20 219 € Industry median: 15 274 €Q3·26
  • Company
  • Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 660 € · +14.0% vs Q2 2026 · industry median 1 523 € · above 14% of the industry
05001 0001 5002 000Q4 2023 Company: 935 € Industry median: 1 428 €Q4·23Q1 2024 Company: 877 € Industry median: 1 441 €Q2 2024 Company: 962 € Industry median: 1 524 €Q2·24Q3 2024 Company: 952 € Industry median: 1 543 €Q4 2024 Company: 1 217 € Industry median: 1 524 €Q4·24Q1 2025 Company: 1 097 € Industry median: 1 538 €Q2 2025 Company: 944 € Industry median: 1 570 €Q2·25Q3 2025 Company: 1 150 € Industry median: 1 640 €Q4 2025 Company: 1 150 € Industry median: 1 566 €Q4·25Q1 2026 Company: 1 239 € Industry median: 1 541 €Q2 2026 Company: 579 € Industry median: 1 516 €Q2·26Q3 2026 Company: 660 € Industry median: 1 523 €Q3·2605001 0001 5002 000Q4 2024 Company: 1 217 € Industry median: 1 524 €Q1 2025 Company: 1 097 € Industry median: 1 538 €Q1·25Q2 2025 Company: 944 € Industry median: 1 570 €Q3 2025 Company: 1 150 € Industry median: 1 640 €Q3·25Q4 2025 Company: 1 150 € Industry median: 1 566 €Q1 2026 Company: 1 239 € Industry median: 1 541 €Q1·26Q2 2026 Company: 579 € Industry median: 1 516 €Q3 2026 Company: 660 € Industry median: 1 523 €Q3·26
  • Company
  • Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 3 · +0.0% vs Q2 2026
01234Q4 2023 Company: 3Q4·23Q1 2024 Company: 3Q2 2024 Company: 3Q2·24Q3 2024 Company: 4Q4 2024 Company: 4Q4·24Q1 2025 Company: 4Q2 2025 Company: 4Q2·25Q3 2025 Company: 4Q4 2025 Company: 4Q4·25Q1 2026 Company: 3Q2 2026 Company: 3Q2·26Q3 2026 Company: 3Q3·2601234Q4 2024 Company: 4Q1 2025 Company: 4Q1·25Q2 2025 Company: 4Q3 2025 Company: 4Q3·25Q4 2025 Company: 4Q1 2026 Company: 3Q1·26Q2 2026 Company: 3Q3 2026 Company: 3Q3·26
State taxes, € Q3 2026: 4 880 € · −8.5% vs Q2 2026
05 00010 00015 000Q4 2023 Company: 5 727 €Q4·23Q1 2024 Company: 6 920 €Q2 2024 Company: 5 507 €Q2·24Q3 2024 Company: 8 780 €Q4 2024 Company: 11 443 €Q4·24Q1 2025 Company: 7 919 €Q2 2025 Company: 8 716 €Q2·25Q3 2025 Company: 13 017 €Q4 2025 Company: 8 336 €Q4·25Q1 2026 Company: 6 333 €Q2 2026 Company: 5 333 €Q2·26Q3 2026 Company: 4 880 €Q3·2605 00010 00015 000Q4 2024 Company: 11 443 €Q1 2025 Company: 7 919 €Q1·25Q2 2025 Company: 8 716 €Q3 2025 Company: 13 017 €Q3·25Q4 2025 Company: 8 336 €Q1 2026 Company: 6 333 €Q1·26Q2 2026 Company: 5 333 €Q3 2026 Company: 4 880 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 20 219 4 880 1 981 3
Q2 2026 20 270 5 333 1 738 3
Q1 2026 21 402 6 333 3 716 3
Q4 2025 37 167 8 336 4 598 4
Q3 2025 50 096 13 017 4 598 4
Q2 2025 33 981 8 716 3 774 4
Q1 2025 28 307 7 919 4 386 4
Q4 2024 39 678 11 443 4 867 4
Q3 2024 33 598 8 780 3 808 4
Q2 2024 20 724 5 507 2 886 3
Q1 2024 38 355 6 920 2 630 3
Q4 2023 33 753 5 727 2 804 3
Q3 2023 36 547 8 424 3 260 3
Q2 2023 38 498 12 026 6 564 3
Q1 2023 21 420 9 343 7 744 4
Q4 2022 34 594 12 741 8 816 5
Q3 2022 23 118 11 458 8 708 5
Q2 2022 24 740 11 399 7 739 5
Q1 2022 23 842 9 227 7 069 5
Labour taxes per employee per month
220 €
Turnover per employee in the quarter
6 740 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 127 198 € · −3.7% vs 2024 · industry median 14 652 € · above 84% of the industry
01002003002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 263 127 € Industry median: 13 798 €20192020 Company: 204 851 € Industry median: 12 176 €20202021 Company: 118 852 € Industry median: 13 429 €20212022 Company: 113 466 € Industry median: 13 712 €20222023 Company: 141 514 € Industry median: 14 413 €20232024 Company: 132 070 € Industry median: 14 799 €20242025 Company: 127 198 € Industry median: 14 652 €202501002003002018 Company: — Industry median: —2019 Company: 263 127 € Industry median: 13 798 €20192020 Company: 204 851 € Industry median: 12 176 €2021 Company: 118 852 € Industry median: 13 429 €20212022 Company: 113 466 € Industry median: 13 712 €2023 Company: 141 514 € Industry median: 14 413 €20232024 Company: 132 070 € Industry median: 14 799 €2025 Company: 127 198 € Industry median: 14 652 €2025
  • Company
  • Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: -10 936 € · +50.0% vs 2024 · industry median 382 € · above 8% of the industry
-25 000-20 000-15 000-10 000-5 00005 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 539 € Industry median: 731 €20192020 Company: 3 078 € Industry median: 591 €20202021 Company: 632 € Industry median: 871 €20212022 Company: 549 € Industry median: 543 €20222023 Company: 935 € Industry median: 751 €20232024 Company: -21 888 € Industry median: 585 €20242025 Company: -10 936 € Industry median: 382 €2025-25 000-20 000-15 000-10 000-5 00005 0002018 Company: — Industry median: —2019 Company: 539 € Industry median: 731 €20192020 Company: 3 078 € Industry median: 591 €2021 Company: 632 € Industry median: 871 €20212022 Company: 549 € Industry median: 543 €2023 Company: 935 € Industry median: 751 €20232024 Company: -21 888 € Industry median: 585 €2025 Company: -10 936 € Industry median: 382 €2025
  • Company
  • Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -8.6 % · +8.0 pp vs the year before · industry median 8.6 % · above 20% of the industry
-20-10010202016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 0.2 % Industry median: 10.2 %20192020 Company: 1.5 % Industry median: 12.5 %20202021 Company: 0.5 % Industry median: 14.5 %20212022 Company: 0.5 % Industry median: 11.4 %20222023 Company: 0.7 % Industry median: 11.7 %20232024 Company: -16.6 % Industry median: 10.8 %20242025 Company: -8.6 % Industry median: 8.6 %2025-20-10010202018 Company: — Industry median: —2019 Company: 0.2 % Industry median: 10.2 %20192020 Company: 1.5 % Industry median: 12.5 %2021 Company: 0.5 % Industry median: 14.5 %20212022 Company: 0.5 % Industry median: 11.4 %2023 Company: 0.7 % Industry median: 11.7 %20232024 Company: -16.6 % Industry median: 10.8 %2025 Company: -8.6 % Industry median: 8.6 %2025
  • Company
  • Industry median

Industry: Activities of advertising, market research and public relations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 93 927 € · +6.3% vs 2024
02550751001252016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 121 757 €20192020 Company: 108 040 €20202021 Company: 91 748 €20212022 Company: 97 582 €20222023 Company: 90 559 €20232024 Company: 88 374 €20242025 Company: 93 927 €202502550751001252018 Company: —2019 Company: 121 757 €20192020 Company: 108 040 €2021 Company: 91 748 €20212022 Company: 97 582 €2023 Company: 90 559 €20232024 Company: 88 374 €2025 Company: 93 927 €2025
Equity, € 2025: 51 022 € · −17.7% vs 2024
020 00040 00060 00080 000100 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 86 043 €20192020 Company: 81 864 €20202021 Company: 82 262 €20212022 Company: 82 811 €20222023 Company: 83 846 €20232024 Company: 61 958 €20242025 Company: 51 022 €2025020 00040 00060 00080 000100 0002018 Company: —2019 Company: 86 043 €20192020 Company: 81 864 €2021 Company: 82 262 €20212022 Company: 82 811 €2023 Company: 83 846 €20232024 Company: 61 958 €2025 Company: 51 022 €2025
Employees 2025: 2 · +0.0% vs 2024 · industry median 1 · above 75% of the industry
02468102016 Company: 3 Industry median: —20162017 Company: 4 Industry median: —20172018 Company: 4 Industry median: 120182019 Company: 9 Industry median: 120192020 Company: 6 Industry median: 120202021 Company: 4 Industry median: 120212022 Company: 4 Industry median: 120222023 Company: 2 Industry median: 120232024 Company: 2 Industry median: 120242025 Company: 2 Industry median: 1202502468102018 Company: 4 Industry median: 12019 Company: 9 Industry median: 120192020 Company: 6 Industry median: 12021 Company: 4 Industry median: 120212022 Company: 4 Industry median: 12023 Company: 2 Industry median: 120232024 Company: 2 Industry median: 12025 Company: 2 Industry median: 12025
  • Company
  • Industry median

Industry: Activities of advertising, market research and public relations (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 127 198 -10 936 47 464 93 927 51 022 2
2024 132 070 -21 888 40 500 88 374 61 958 2
2023 141 514 935 48 282 90 559 83 846 2
2022 113 466 549 82 265 97 582 82 811 4
2021 118 852 632 59 786 91 748 82 262 4
2020 204 851 3 078 92 428 108 040 81 864 6
2019 263 127 539 115 287 121 757 86 043 9
2018 — — — — — 4
2017 — — — — — 4
2016 — — — — — 3
2015 — — — — — 2
2014 — — — — — 1

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
-8.6 %
Net profit / revenue
Return on equity (ROE)
-21.4 %
Net profit / equity
Return on assets (ROA)
-11.6 %
Net profit / assets
Equity ratio
54.3 %
Equity / assets
Debt ratio
45.7 %
Liabilities / assets
Current ratio
0.42
Current assets / current liabilities
Revenue per employee
63 599 €
Revenue / average full-time employees
Labour cost per employee per month
1 978 €
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 e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 27 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 29 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 18 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 15 Jun 2023 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 29 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 11 May 2020 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

  • Simo Reinvald
    Member of a senior management body (management or supervisory board) · since 29 Jun 2021
  • Catherine Karu
    Direct ownership · since 31 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 73111Activities of advertising agencies Main
Rulings
Number, date Title Deadline State Document
Ä 20065827 / 7
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 20065827 / 6
26 Jul 2023
Amendment under Code of Civil Procedure § 595¹ (1) In force
26 Jul 2023
PDF
Ä 20065827 / 5
15 Jun 2023
Amendment entry In force
15 Jun 2023
PDF
Ä 20065827 / 4
18 Jan 2018
Amendment entry In force
18 Jan 2018
PDF
Ä 20065827 / 3
19 Dec 2017
Amendment entry In force
19 Dec 2017
PDF
Ä 20065827 / 2
6 Dec 2017
Amendment entry In force
6 Dec 2017
PDF
Ä 20065827
14 Nov 2013
First entry In force
14 Nov 2013
PDF

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