WELEMENT AS
WELEMENT AS is a AS based in Tartu linn, registry code 12892498, status: active. Main activity: Manufacture of prefabricated wooden buildings or elements thereof. According to EMTA, turnover for Q3 2026 was €1 396 486 with 39 employees.
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 1.4 mn €above 89% of companiesindustry median 42 609 € · companies in the industry: 968
- Labour taxes per employee 4 240 €above 93% of companiesindustry median 1 604 € · companies in the industry: 774
- Revenue · 2025 7.4 mn €above 93% of companiesindustry median 44 569 € · companies in the industry: 1 338
- Net profit margin · 2025 8.9 %above 71% of companiesindustry median 2.0 % · companies in the industry: 1 072
Taxes and turnover
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (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 | 1 396 486 | 162 357 | 165 361 | 39 |
| Q2 2026 | 1 353 004 | 69 946 | 138 756 | 40 |
| Q1 2026 | 529 726 | 65 656 | 157 270 | 36 |
| Q4 2025 | 942 135 | — | 160 832 | 40 |
| Q3 2025 | 1 496 762 | 84 486 | 135 097 | 36 |
| Q2 2025 | 1 460 542 | 117 661 | 120 494 | 32 |
| Q1 2025 | 564 745 | 49 840 | 102 249 | 28 |
| Q4 2024 | 365 082 | 60 695 | 98 854 | 24 |
| Q3 2024 | 149 636 | 33 800 | 99 957 | 24 |
| Q2 2024 | 503 273 | 150 499 | 106 157 | 26 |
| Q1 2024 | 647 157 | 71 504 | 109 018 | 27 |
| Q4 2023 | 1 218 479 | 6 864 | 105 147 | 28 |
| Q3 2023 | 623 095 | 11 418 | 100 802 | 27 |
| Q2 2023 | 1 120 889 | 86 042 | 103 413 | 29 |
| Q1 2023 | 945 484 | 25 146 | 111 665 | 36 |
| Q4 2022 | 2 005 788 | — | 116 122 | 35 |
| Q3 2022 | 2 070 508 | — | 101 089 | 37 |
| Q2 2022 | 588 115 | — | 77 097 | 34 |
| Q1 2022 | 829 140 | 29 316 | 89 332 | 32 |
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (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 | 7 420 396 | 658 128 | 1 261 420 | 5 976 096 | 4 042 482 | 34 |
| 2024 | 1 656 434 | -1 451 646 | 970 722 | 4 981 345 | 3 384 354 | 26 |
| 2023 | 4 571 374 | 57 549 | 1 030 731 | 5 712 327 | 655 480 | 30 |
| 2022 | 5 727 657 | 220 082 | 986 493 | 6 192 201 | 597 931 | 36 |
| 2021 | 4 440 473 | 4 187 | 912 820 | 5 887 019 | 377 849 | 34 |
| 2020 | 4 209 682 | -420 282 | 999 528 | 5 573 637 | -1 626 338 | 34 |
| 2019 | 4 168 383 | -98 300 | 945 934 | 6 423 778 | -1 206 056 | 37 |
| 2018 | — | — | — | — | — | 30 |
| 2017 | — | — | — | — | — | 21 |
| 2016 | — | — | — | — | — | 6 |
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
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 | 1 Jul 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 | 30 Jun 2020 | Company’s own · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 2 | 300 000 € | AS LHV Pank | 21 Nov 2025 – in force |
| 1 | 500 000 € | AS LHV Pank | 17 Aug 2022 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Lauri TuulbergBoard member · since 10 Aug 2015
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Beneficial owners
- Aivar TuulbergIndirect ownership · since 17 Oct 2018
- Raivo RandIndirect ownership · since 17 Oct 2018
Founders and other persons
- aktsiaselts "RAND & TUULBERG GRUPP"Founder · 25 000 € · 24 Jul 2015
- OÜ E-AuditAudit firm · 25 Nov 2022
- Raivo RandChairman of the supervisory board · 6 Mar 2025
- Aivar TuulbergSupervisory board member · 22 Aug 2024
- Maiken TopsSupervisory board member · 22 Aug 2024
- Omanikukonto: AS RAND & TUULBERG GRUPPShareholder · 22 400 € · 17 Dec 2025
Related companies
Activities (EMTAK)
- 16231Manufacture of prefabricated wooden buildings or elements thereof Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| K 50012493 / 13 21 Nov 2025 |
Commercial pledge entered | In force 21 Nov 2025 |
||
| K 50012493 / 12 17 Aug 2022 |
Commercial pledge entered | In force 17 Aug 2022 |
||
| Ä 50012493 / 11 18 Nov 2021 |
Amendment entry | In force 18 Nov 2021 |
||
| Ä 50012493 / M3 3 Aug 2021 |
Ruling to correct data outside an entry | 17 Aug 2021 | Deficiencies eliminated 11 Aug 2021 |
|
| Ä 50012493 / 10 3 Aug 2021 |
Amendment under Commercial Code § 525 (2) | In force 3 Aug 2021 |
||
| Ä 50012493 / M2 31 Jul 2018 |
Ruling to correct data outside an entry | 20 Aug 2018 | Deficiencies eliminated 22 Aug 2018 |
|
| Ä 50012493 / 9 27 Jun 2018 |
Amendment entry | In force 27 Jun 2018 |
||
| Ä 50012493 / 8 11 Apr 2018 |
Amendment under Commercial Code § 525 (2) | In force 11 Apr 2018 |
||
| Ä 50012493 / 7 13 Feb 2018 |
Amendment entry | In force 13 Feb 2018 |
||
| Ä 50012493 / 6 19 Jan 2018 |
Amendment entry | In force 19 Jan 2018 |
||
| Ä 50012493 / 5 10 Dec 2017 |
Amendment entry | In force 10 Dec 2017 |
||
| Ä 50012493 / 4 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 50012493 / 3 6 Jul 2017 |
Amendment under Commercial Code § 525 (2) | In force 6 Jul 2017 |
||
| Ä 50012493 / 2 19 Aug 2015 |
Amendment entry | In force 19 Aug 2015 |
||
| Ä 50012493 10 Aug 2015 |
First entry | In force 10 Aug 2015 |
||
| Ä 50012493 / M1 4 Aug 2015 |
Ruling to eliminate deficiencies | 3 Sep 2015 | Deficiencies eliminated 10 Aug 2015 |
Sources: e-Äriregister and EMTA. Data updated 26 Oct 2026. Open at the source ↗ · Report an error in the data