VELAK EESTI OÜ

Active Registry code 14217223 OÜ Tallinn Registered 7 Mar 2017
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VELAK EESTI OÜ is a OÜ based in Tallinn, registry code 14217223, status: active. Main activity: Retail sale of sporting equipment. According to EMTA, turnover for Q3 2026 was €61 107 with employees.

Turnover
61 107 €
↓ 55.3% vs Q2 2026
State taxes
4 889 €
↑ 268.7% vs Q2 2026
Labour taxes
0 €
Employees
—

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

Position in the industry Retail trade · EMTAK 47

  • Turnover · Q3 2026 61 107 €
    industry median 23 652 € · companies in the industry: 7 652
  • Revenue · 2025 122 591 €
    industry median 16 974 € · companies in the industry: 13 500
  • Net profit margin · 2025 4.5 %
    industry median 1.3 % · companies in the industry: 9 480

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 61 107 € · −55.3% vs Q2 2026 · industry median 23 652 € · above 67% of the industry
050100150Q4 2023 Company: 113 715 € Industry median: 26 822 €Q4·23Q1 2024 Company: 97 386 € Industry median: 23 246 €Q2 2024 Company: 86 070 € Industry median: 26 103 €Q2·24Q3 2024 Company: 44 892 € Industry median: 24 905 €Q4 2024 Company: 32 499 € Industry median: 25 283 €Q4·24Q1 2025 Company: 70 519 € Industry median: 21 556 €Q2 2025 Company: 51 656 € Industry median: 24 404 €Q2·25Q3 2025 Company: 35 407 € Industry median: 24 441 €Q4 2025 Company: 30 003 € Industry median: 23 532 €Q4·25Q1 2026 Company: 44 930 € Industry median: 20 253 €Q2 2026 Company: 136 728 € Industry median: 23 917 €Q2·26Q3 2026 Company: 61 107 € Industry median: 23 652 €Q3·26050100150Q4 2024 Company: 32 499 € Industry median: 25 283 €Q1 2025 Company: 70 519 € Industry median: 21 556 €Q1·25Q2 2025 Company: 51 656 € Industry median: 24 404 €Q3 2025 Company: 35 407 € Industry median: 24 441 €Q3·25Q4 2025 Company: 30 003 € Industry median: 23 532 €Q1 2026 Company: 44 930 € Industry median: 20 253 €Q1·26Q2 2026 Company: 136 728 € Industry median: 23 917 €Q3 2026 Company: 61 107 € Industry median: 23 652 €Q3·26
  • Company
  • Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2025: 2 059 € · +100.0% vs Q2 2025 · industry median 1 156 € · above 75% of the industry
05001 0001 5002 0002 500Q4 2023 Company: — Industry median: 971 €Q4·23Q1 2024 Company: — Industry median: 1 002 €Q2 2024 Company: 0 € Industry median: 1 009 €Q2·24Q3 2024 Company: 722 € Industry median: 1 048 €Q4 2024 Company: 1 083 € Industry median: 1 053 €Q4·24Q1 2025 Company: 710 € Industry median: 1 099 €Q2 2025 Company: 1 030 € Industry median: 1 126 €Q2·25Q3 2025 Company: 2 059 € Industry median: 1 156 €Q4 2025 Company: — Industry median: 1 151 €Q4·25Q1 2026 Company: — Industry median: 1 116 €Q2 2026 Company: — Industry median: 1 131 €Q2·26Q3 2026 Company: — Industry median: 1 201 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 083 € Industry median: 1 053 €Q1 2025 Company: 710 € Industry median: 1 099 €Q1·25Q2 2025 Company: 1 030 € Industry median: 1 126 €Q3 2025 Company: 2 059 € Industry median: 1 156 €Q3·25Q4 2025 Company: — Industry median: 1 151 €Q1 2026 Company: — Industry median: 1 116 €Q1·26Q2 2026 Company: — Industry median: 1 131 €Q3 2026 Company: — Industry median: 1 201 €Q3·26
  • Company
  • Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2025: 1 · −50.0% vs Q2 2025
0.00.51.01.52.0Q4 2023 Company: —Q4·23Q1 2024 Company: —Q2 2024 Company: 1Q2·24Q3 2024 Company: 1Q4 2024 Company: 1Q4·24Q1 2025 Company: 2Q2 2025 Company: 2Q2·25Q3 2025 Company: 1Q4 2025 Company: —Q4·25Q1 2026 Company: —Q2 2026 Company: —Q2·26Q3 2026 Company: —Q3·260.00.51.01.52.0Q4 2024 Company: 1Q1 2025 Company: 2Q1·25Q2 2025 Company: 2Q3 2025 Company: 1Q3·25Q4 2025 Company: —Q1 2026 Company: —Q1·26Q2 2026 Company: —Q3 2026 Company: —Q3·26
State taxes, € Q3 2026: 4 889 € · +268.7% vs Q2 2026
02 0004 0006 0008 00010 000Q4 2023 Company: 9 358 €Q4·23Q1 2024 Company: 5 719 €Q2 2024 Company: 3 514 €Q2·24Q3 2024 Company: 2 985 €Q4 2024 Company: 2 484 €Q4·24Q1 2025 Company: 3 502 €Q2 2025 Company: 3 993 €Q2·25Q3 2025 Company: 4 895 €Q4 2025 Company: 2 509 €Q4·25Q1 2026 Company: 519 €Q2 2026 Company: 1 326 €Q2·26Q3 2026 Company: 4 889 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 2 484 €Q1 2025 Company: 3 502 €Q1·25Q2 2025 Company: 3 993 €Q3 2025 Company: 4 895 €Q3·25Q4 2025 Company: 2 509 €Q1 2026 Company: 519 €Q1·26Q2 2026 Company: 1 326 €Q3 2026 Company: 4 889 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 61 107 4 889 — —
Q2 2026 136 728 1 326 — —
Q1 2026 44 930 519 — —
Q4 2025 30 003 2 509 813 —
Q3 2025 35 407 4 895 2 059 1
Q2 2025 51 656 3 993 2 059 2
Q1 2025 70 519 3 502 1 419 2
Q4 2024 32 499 2 484 1 083 1
Q3 2024 44 892 2 985 722 1
Q2 2024 86 070 3 514 — 1
Q1 2024 97 386 5 719 — —
Q4 2023 113 715 9 358 — —
Q3 2023 74 483 3 769 — —
Q2 2023 154 394 9 937 — —
Q1 2023 80 304 4 174 — —
Q4 2022 112 684 4 250 — —
Q3 2022 50 565 989 — —
Q2 2022 94 556 7 021 — —
Q1 2022 71 590 4 053 — —

Financials by year

2017 – 2025
Revenue, € thousand 2025: 122 591 € · −10.2% vs 2024 · industry median 16 974 € · above 76% of the industry
01002003002017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 29 563 € Industry median: 25 000 €20192020 Company: 77 770 € Industry median: 21 390 €20202021 Company: 142 982 € Industry median: 23 333 €20212022 Company: 146 243 € Industry median: 22 891 €20222023 Company: 251 604 € Industry median: 20 218 €20232024 Company: 136 442 € Industry median: 18 875 €20242025 Company: 122 591 € Industry median: 16 974 €202501002003002018 Company: — Industry median: —2019 Company: 29 563 € Industry median: 25 000 €20192020 Company: 77 770 € Industry median: 21 390 €2021 Company: 142 982 € Industry median: 23 333 €20212022 Company: 146 243 € Industry median: 22 891 €2023 Company: 251 604 € Industry median: 20 218 €20232024 Company: 136 442 € Industry median: 18 875 €2025 Company: 122 591 € Industry median: 16 974 €2025
  • Company
  • Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 5 536 € · +6 120.2% vs 2024 · industry median 0 € · above 81% of the industry
05 00010 00015 00020 0002017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 8 157 € Industry median: 246 €20192020 Company: 17 317 € Industry median: 98 €20202021 Company: 11 255 € Industry median: 245 €20212022 Company: 120 € Industry median: 96 €20222023 Company: 396 € Industry median: 20 €20232024 Company: 89 € Industry median: 0 €20242025 Company: 5 536 € Industry median: 0 €202505 00010 00015 00020 0002018 Company: — Industry median: —2019 Company: 8 157 € Industry median: 246 €20192020 Company: 17 317 € Industry median: 98 €2021 Company: 11 255 € Industry median: 245 €20212022 Company: 120 € Industry median: 96 €2023 Company: 396 € Industry median: 20 €20232024 Company: 89 € Industry median: 0 €2025 Company: 5 536 € Industry median: 0 €2025
  • Company
  • Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 4.5 % · +4.5 pp vs the year before · industry median 1.3 % · above 64% of the industry
01020302017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 27.6 % Industry median: 2.6 %20192020 Company: 22.3 % Industry median: 2.7 %20202021 Company: 7.9 % Industry median: 3.3 %20212022 Company: 0.1 % Industry median: 2.8 %20222023 Company: 0.2 % Industry median: 2.2 %20232024 Company: 0.1 % Industry median: 1.5 %20242025 Company: 4.5 % Industry median: 1.3 %202501020302018 Company: — Industry median: —2019 Company: 27.6 % Industry median: 2.6 %20192020 Company: 22.3 % Industry median: 2.7 %2021 Company: 7.9 % Industry median: 3.3 %20212022 Company: 0.1 % Industry median: 2.8 %2023 Company: 0.2 % Industry median: 2.2 %20232024 Company: 0.1 % Industry median: 1.5 %2025 Company: 4.5 % Industry median: 1.3 %2025
  • Company
  • Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 536 450 € · +30.0% vs 2024
02004006002017 Company: —20172018 Company: —20182019 Company: 28 324 €20192020 Company: 101 963 €20202021 Company: 139 783 €20212022 Company: 293 933 €20222023 Company: 413 640 €20232024 Company: 412 766 €20242025 Company: 536 450 €202502004006002018 Company: —2019 Company: 28 324 €20192020 Company: 101 963 €2021 Company: 139 783 €20212022 Company: 293 933 €2023 Company: 413 640 €20232024 Company: 412 766 €2025 Company: 536 450 €2025
Equity, € 2025: 40 878 € · +15.7% vs 2024
010 00020 00030 00040 00050 0002017 Company: —20172018 Company: —20182019 Company: 6 165 €20192020 Company: 23 482 €20202021 Company: 34 737 €20212022 Company: 34 857 €20222023 Company: 35 253 €20232024 Company: 35 342 €20242025 Company: 40 878 €2025010 00020 00030 00040 00050 0002018 Company: —2019 Company: 6 165 €20192020 Company: 23 482 €2021 Company: 34 737 €20212022 Company: 34 857 €2023 Company: 35 253 €20232024 Company: 35 342 €2025 Company: 40 878 €2025
Employees 2025: 2 · +100.0% vs 2024 · industry median 2 · above 50% of the industry
0.00.51.01.52.02017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 220182019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 220202021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 220222023 Company: 0 Industry median: 220232024 Company: 1 Industry median: 220242025 Company: 2 Industry median: 220250.00.51.01.52.02018 Company: 0 Industry median: 22019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 22021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 22023 Company: 0 Industry median: 220232024 Company: 1 Industry median: 22025 Company: 2 Industry median: 22025
  • Company
  • Industry median

Industry: Retail trade (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 122 591 5 536 14 771 536 450 40 878 2
2024 136 442 89 8 134 412 766 35 342 1
2023 251 604 396 — 413 640 35 253 0
2022 146 243 120 — 293 933 34 857 0
2021 142 982 11 255 — 139 783 34 737 0
2020 77 770 17 317 — 101 963 23 482 0
2019 29 563 8 157 0 28 324 6 165 0
2018 — — — — — 0
2017 — — — — — 0

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
4.5 %
Net profit / revenue
Return on equity (ROE)
13.5 %
Net profit / equity
Return on assets (ROA)
1.0 %
Net profit / assets
Equity ratio
7.6 %
Equity / assets
Debt ratio
92.4 %
Liabilities / assets
Current ratio
1.04
Current assets / current liabilities
Revenue per employee
61 296 €
Revenue / average full-time employees
Labour cost per employee per month
615 €
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 7 Apr 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 31 May 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 24 May 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 4 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 27 Apr 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 26 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 11 Oct 2020 Company’s own e-Äriregister

Board

  • Erki Erm
    Board member · since 29 Oct 2026

Right of representation

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

Owners

Beneficial owners

  • Erki Erm
    Indirect ownership · since 27 Oct 2026

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 47631Retail sale of sporting equipment Main
Rulings
Number, date Title Deadline State Document
Ä 50052498 / 6
29 Oct 2026
Amendment entry In force
29 Oct 2026
PDF
Ä 50052498 / 5
16 Oct 2024
Amendment entry In force
16 Oct 2024
PDF
Ä 50052498 / 4
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 50052498 / 3
19 Jan 2018
Amendment entry In force
19 Jan 2018
PDF
Ä 50052498 / 2
13 Dec 2017
Amendment entry In force
13 Dec 2017
PDF
Ä 50052498
7 Mar 2017
First entry In force
7 Mar 2017
PDF
Ä 50052498 / M1
6 Mar 2017
Ruling to eliminate deficiencies 26 Mar 2017 Deficiencies eliminated
7 Mar 2017
PDF

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