Tibnor Estonia AS

Active Registry code 14360392 AS Männiku küla Registered 26 Oct 2017

Tibnor Estonia AS is a AS based in Männiku küla, registry code 14360392, status: active. Main activity: Wholesale of metals and metal ores. According to EMTA, turnover for Q3 2026 was €7 760 041 with 26 employees.

Turnover

7 760 041 €

↓ 8.7% vs Q2 2026

State taxes

174 983 €

↓ 63.5% vs Q2 2026

Labour taxes

177 703 €

↓ 5.8% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

Turnover · Q3 2026 7.8 mn €

above 98% of companies

industry median 60 065 € · companies in the industry: 6 941
Labour taxes per employee 6 835 €

above 93% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2025 32.6 mn €

above 98% of companies

industry median 63 691 € · companies in the industry: 10 038
Net profit margin · 2025 0.2 %

above 33% of companies

industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 7 760 041 € · −8.7% vs Q2 2026 · industry median 60 065 € · above 98% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 6 835 € · −2.2% vs Q2 2026 · industry median 2 104 € · above 93% of the industry

Company
Industry median

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

Employees Q3 2026: 26 · −3.7% vs Q2 2026

State taxes, € thousand Q3 2026: 174 983 € · −63.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	7 760 041	174 983	177 703	26
Q2 2026	8 502 174	478 924	188 599	27
Q1 2026	8 309 650	163 513	157 618	26
Q4 2025	8 260 560	201 834	173 201	26
Q3 2025	7 479 038	185 821	181 024	25
Q2 2025	8 257 878	906 919	184 956	26
Q1 2025	7 311 807	193 451	165 807	26
Q4 2024	7 148 493	165 443	159 039	26
Q3 2024	7 863 514	173 447	175 051	26
Q2 2024	8 195 451	397 871	182 382	27
Q1 2024	6 837 187	147 257	141 363	26
Q4 2023	6 514 638	142 011	138 115	26
Q3 2023	6 927 841	178 425	163 084	26
Q2 2023	10 857 740	678 660	178 189	26
Q1 2023	7 874 406	128 663	129 182	26
Q4 2022	6 622 347	126 546	120 596	26
Q3 2022	11 034 692	295 594	140 483	26
Q2 2022	11 509 346	239 435	168 593	26
Q1 2022	11 256 021	162 678	114 104	26

Labour taxes per employee per month

2 278 €

Turnover per employee in the quarter

298 463 €

Q3 2026 · calculated from EMTA data

Financials by year

2018 – 2025

Revenue, € thousand 2025: 32 624 000 € · +0.5% vs 2024 · industry median 63 691 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 78 000 € · −89.9% vs 2024 · industry median 127 € · above 87% of the industry

Company
Industry median

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

Net profit margin, % 2025: 0.2 % · −2.1 pp vs the year before · industry median 2.7 % · above 33% of the industry

Company
Industry median

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

Assets, € thousand 2025: 12 630 000 € · −9.4% vs 2024

Equity, € thousand 2025: 9 745 000 € · −19.9% vs 2024

Employees 2025: 27 · +0.0% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Wholesale 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	32 624 000	78 000	1 616 000	12 630 000	9 745 000	27
2024	32 452 000	771 000	1 487 000	13 943 000	12 167 000	27
2023	34 214 000	1 142 000	1 489 000	14 862 000	12 696 000	27
2022	42 918 000	2 718 000	1 393 000	16 853 000	14 554 000	27
2021	39 706 000	2 820 000	1 177 000	15 262 000	11 836 000	27
2020	24 414 000	1 217 000	1 076 000	25 966 000	24 016 000	27
2019	28 121 000	976 000	1 027 000	25 165 000	23 605 000	27
2018	—	—	—	—	—	26

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

0.2 %

Net profit / revenue

Return on equity (ROE)

0.8 %

Net profit / equity

Return on assets (ROA)

0.6 %

Net profit / assets

Equity ratio

77.2 %

Equity / assets

Debt ratio

22.8 %

Liabilities / assets

Current ratio

4.07

Current assets / current liabilities

Revenue per employee

1 208 296 €

Revenue / average full-time employees

Labour cost per employee per month

4 988 €

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	9 Mar 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	12 Mar 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	18 Mar 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	13 Mar 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	21 Mar 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	11 Mar 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	18 Mar 2020	Company’s own · audited	e-Äriregister

Board

Nasdaq CSD SE
Keeper of the share ledger · since 26 Oct 2017
Richard Dobrus
Board member · since 26 Oct 2017
Katrin Kaljuve
Procurator · since 26 Oct 2017
Toomas Paas
Procurator · since 10 Jun 2026

Right of representation

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

Any procurator may represent the public limited company in all legal acts related to its business. A procurator may transfer or encumber immovable property only if that right is entered on the registry card.

Owners

No owner information.

Beneficial owners

Lennart Evrell
Member of a senior management body (management or supervisory board) · SWE · since 24 Jan 2023

Founders and other persons

Rautaruukki Oyj
Founder · 25 000 € · 10 Oct 2017
Margit Viks
Audit firm · 1 Jan 2019
BDO Eesti OÜ
Audit firm · 4 Jun 2025
Carl Fredrik Haglund
Chairman of the supervisory board · 26 Oct 2023
Jarkko Heikki Mäki
Supervisory board member · 3 Oct 2022
Henrik Stefan Buhr
Supervisory board member · 25 Jun 2024
Omanikukonto: TIBNOR AB
Shareholder · 25 000 € · 16 Aug 2023

Activities (EMTAK)

46821Wholesale of metals and metal ores Main

Rulings 9

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50067795 / 6 10 Jun 2026	Amendment entry		In force 10 Jun 2026	PDF
Ä 50067795 / M3 21 Oct 2022	Ruling to correct data outside an entry	4 Nov 2022	Deficiencies eliminated 21 Oct 2022	PDF
Ä 50067795 / 5 19 Jan 2018	Amendment entry		In force 19 Jan 2018	PDF
Ä 50067795 / 4 4 Jan 2018	Third (informative) division entry		In force 4 Jan 2018	PDF
Ä 50067795 / 3 4 Jan 2018	First (declaratory) division entry		In force 4 Jan 2018	PDF
Ä 50067795 / 2 14 Dec 2017	Amendment entry		In force 14 Dec 2017	PDF
Ä 50067795 26 Oct 2017	First entry		In force 26 Oct 2017	PDF
Ä 50067795 / M2 25 Oct 2017	Ruling to eliminate deficiencies	14 Nov 2017	Deficiencies eliminated 26 Oct 2017	PDF
Ä 50067795 / M1 18 Oct 2017	Ruling to eliminate deficiencies	7 Nov 2017	Deficiencies eliminated 25 Oct 2017	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data