Kitman Thulema AS
Active Registry code 12715827
AS Tallinn Registered 5 Sep 2014
Kitman Thulema AS is a AS based in Tallinn, registry code 12715827, status: active. Main activity: Manufacture of furniture, except mattresses. According to EMTA, turnover for Q3 2026 was €4 467 680 with 151 employees.
Turnover
4 467 680 €
↓ 2.7% vs Q2 2026
State taxes
485 727 €
↓ 42.7% vs Q2 2026
Labour taxes
469 643 €
↓ 7.7% vs Q2 2026
Employees
151
+11 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 4.5 mn €above 98% of companiesindustry median 30 440 € · companies in the industry: 721
- Labour taxes per employee 3 110 €above 90% of companiesindustry median 1 400 € · companies in the industry: 606
- Revenue · 2025 18 mn €above 98% of companiesindustry median 50 390 € · companies in the industry: 970
- Net profit margin · 2025 8.4 %above 74% of companiesindustry median 1.1 % · companies in the industry: 795
Taxes and turnover
- Company
- Industry median
Industry: Manufacture of furniture (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of furniture (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 | 4 467 680 | 485 727 | 469 643 | 151 |
| Q2 2026 | 4 591 573 | 848 239 | 508 601 | 140 |
| Q1 2026 | 4 898 435 | 925 143 | 479 328 | 146 |
| Q4 2025 | 6 545 952 | 738 507 | 523 571 | 141 |
| Q3 2025 | 5 346 770 | 735 381 | 501 914 | 148 |
| Q2 2025 | 4 855 093 | 783 363 | 515 289 | 142 |
| Q1 2025 | 4 432 855 | 708 032 | 468 519 | 136 |
| Q4 2024 | 5 411 414 | 748 896 | 470 337 | 136 |
| Q3 2024 | 4 286 715 | 716 360 | 450 777 | 144 |
| Q2 2024 | 4 369 043 | 896 496 | 482 254 | 136 |
| Q1 2024 | 4 074 565 | 679 312 | 448 544 | 137 |
| Q4 2023 | 4 261 619 | 675 056 | 453 538 | 136 |
| Q3 2023 | 4 568 290 | 746 110 | 430 811 | 138 |
| Q2 2023 | 4 594 999 | 739 385 | 461 342 | 131 |
| Q1 2023 | 4 346 724 | 654 163 | 394 224 | 133 |
| Q4 2022 | 3 790 161 | 568 663 | 382 360 | 124 |
| Q3 2022 | 3 829 598 | 596 856 | 408 949 | 123 |
| Q2 2022 | 3 961 585 | 620 712 | 415 569 | 131 |
| Q1 2022 | 3 505 665 | 592 871 | 423 996 | 134 |
Labour taxes per employee per month
1 037 €
Turnover per employee in the quarter
29 587 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Manufacture of furniture (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of furniture (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of furniture (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of furniture (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 | 18 017 795 | 1 511 809 | — | 8 540 471 | 6 443 152 | 129 |
| 2024 | 15 608 318 | 1 912 769 | — | 8 592 678 | 6 231 343 | 132 |
| 2023 | 15 004 873 | 2 375 800 | — | 9 125 854 | 6 318 574 | 131 |
| 2022 | 12 823 177 | 113 685 | — | 7 340 718 | 4 942 774 | 120 |
| 2021 | 15 006 909 | 323 137 | 3 984 728 | 8 663 025 | 5 329 089 | 133 |
| 2020 | 13 173 221 | 810 585 | 3 417 277 | 8 336 898 | 5 505 952 | 122 |
| 2019 | 14 216 166 | 289 749 | 3 440 977 | 8 482 379 | 4 695 367 | 137 |
| 2018 | — | — | — | — | — | 137 |
| 2017 | — | — | — | — | — | 141 |
| 2016 | — | — | — | — | — | 151 |
| 2015 | — | — | — | — | — | 151 |
| 2014 | — | — | — | — | — | 154 |
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
8.4 %
Net profit / revenue
Return on equity (ROE)
23.5 %
Net profit / equity
Return on assets (ROA)
17.7 %
Net profit / assets
Equity ratio
75.4 %
Equity / assets
Debt ratio
24.6 %
Liabilities / assets
Current ratio
2.78
Current assets / current liabilities
Revenue per employee
139 673 €
Revenue / average full-time employees
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 30 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 | 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 | 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 | 30 Jun 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Herki HälvinBoard member · since 6 Jan 2022
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 100%
- 100%
Beneficial owners
- Kaia SalumetsMember of a senior management body (management or supervisory board) · since 26 Jan 2023
- Enn KunilaMember of a senior management body (management or supervisory board) · since 26 Oct 2018
- Jüri KäoMember of a senior management body (management or supervisory board) · since 26 Oct 2018
Founders and other persons
- Kitman Thulema ASFounder · 1 800 000 € · 4 Jul 2014
- Jüri KäoChairman of the supervisory board · 15 Apr 2026
- Enn KunilaSupervisory board member · 15 Apr 2026
- Kaia SalumetsSupervisory board member · 15 Apr 2026
- Omanikukonto: OÜ NG INVESTEERINGUDShareholder · 1 800 000 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 31001Manufacture of furniture, except mattresses Main
- 46191Activities of agents involved in non-specialised wholesale
- 68201Rental and operating of own or leased real estate
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10199759 / 12 6 Jan 2022 |
Amendment entry | In force 6 Jan 2022 |
||
| Ä 10199759 / 11 14 Jan 2020 |
Amendment entry | In force 14 Jan 2020 |
||
| K 10199759 / 10 25 Feb 2019 |
Commercial pledge deleted | In force 25 Feb 2019 |
||
| Ä 10199759 / 9 18 Jan 2018 |
Amendment entry | In force 18 Jan 2018 |
||
| Ä 10199759 / 8 8 Dec 2017 |
Amendment entry | In force 8 Dec 2017 |
||
| Ä 10199759 / 7 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10199759 / 6 18 May 2017 |
Amendment entry | In force 18 May 2017 |
||
| Ä 10199759 / 5 15 Sep 2016 |
Amendment entry | In force 15 Sep 2016 |
||
| K 10199759 / 4 28 May 2015 |
Commercial pledge amended | In force 28 May 2015 |
||
| Ä 10199759 / 2 5 Sep 2014 |
Third (informative) division entry | In force 5 Sep 2014 |
||
| Ä 10199759 5 Sep 2014 |
First (declaratory) division entry (card of the new company) | In force 5 Sep 2014 |
||
| K 10199759 / 3 5 Sep 2014 |
Commercial pledge entered | In force 5 Sep 2014 |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data