VELES TRADE OÜ

Active Registry code 14600330 OÜ Tallinn Registered 5 Nov 2018
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VELES TRADE OÜ is a OÜ based in Tallinn, registry code 14600330, status: active. Main activity: Non-specialised wholesale trade. According to EMTA, turnover for Q3 2026 was €3 470 325 with employees.

Turnover
3 470 325 €
↑ 42.4% vs Q2 2026
State taxes
12 200 €
↑ 13 018.3% vs Q2 2026
Labour taxes
0 €
Employees
—

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

Position in the industry Wholesale trade · EMTAK 46

  • Turnover · Q3 2026 3.5 mn €
    industry median 60 065 € · companies in the industry: 6 941
  • Revenue · 2025 8.5 mn €
    industry median 63 691 € · companies in the industry: 10 038
  • Net profit margin · 2025 4.0 %
    industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 3 470 325 € · +42.4% vs Q2 2026 · industry median 60 065 € · above 98% of the industry
02 0004 0006 000Q4 2023 Company: 1 113 131 € Industry median: 69 842 €Q4·23Q1 2024 Company: 1 268 350 € Industry median: 60 423 €Q2 2024 Company: 1 602 775 € Industry median: 66 207 €Q2·24Q3 2024 Company: 5 156 508 € Industry median: 63 101 €Q4 2024 Company: 3 093 082 € Industry median: 65 867 €Q4·24Q1 2025 Company: 2 210 261 € Industry median: 59 713 €Q2 2025 Company: 2 102 849 € Industry median: 61 800 €Q2·25Q3 2025 Company: 2 802 999 € Industry median: 59 911 €Q4 2025 Company: 2 765 227 € Industry median: 59 583 €Q4·25Q1 2026 Company: 2 952 152 € Industry median: 53 954 €Q2 2026 Company: 2 437 137 € Industry median: 61 600 €Q2·26Q3 2026 Company: 3 470 325 € Industry median: 60 065 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 3 093 082 € Industry median: 65 867 €Q1 2025 Company: 2 210 261 € Industry median: 59 713 €Q1·25Q2 2025 Company: 2 102 849 € Industry median: 61 800 €Q3 2025 Company: 2 802 999 € Industry median: 59 911 €Q3·25Q4 2025 Company: 2 765 227 € Industry median: 59 583 €Q1 2026 Company: 2 952 152 € Industry median: 53 954 €Q1·26Q2 2026 Company: 2 437 137 € Industry median: 61 600 €Q3 2026 Company: 3 470 325 € Industry median: 60 065 €Q3·26
  • Company
  • Industry median

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

State taxes, € Q3 2026: 12 200 € · +13 018.3% vs Q2 2026
05 00010 00015 00020 000Q4 2023 Company: —Q4·23Q1 2024 Company: —Q2 2024 Company: —Q2·24Q3 2024 Company: 5 797 €Q4 2024 Company: 2 000 €Q4·24Q1 2025 Company: —Q2 2025 Company: 93 €Q2·25Q3 2025 Company: 16 973 €Q4 2025 Company: 93 €Q4·25Q1 2026 Company: —Q2 2026 Company: 93 €Q2·26Q3 2026 Company: 12 200 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 2 000 €Q1 2025 Company: —Q1·25Q2 2025 Company: 93 €Q3 2025 Company: 16 973 €Q3·25Q4 2025 Company: 93 €Q1 2026 Company: —Q1·26Q2 2026 Company: 93 €Q3 2026 Company: 12 200 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 3 470 325 12 200 — —
Q2 2026 2 437 137 93 — —
Q1 2026 2 952 152 — — —
Q4 2025 2 765 227 93 — —
Q3 2025 2 802 999 16 973 — —
Q2 2025 2 102 849 93 — —
Q1 2025 2 210 261 — — —
Q4 2024 3 093 082 2 000 — —
Q3 2024 5 156 508 5 797 723 —
Q2 2024 1 602 775 — — —
Q1 2024 1 268 350 — — —
Q4 2023 1 113 131 — — —
Q3 2023 1 105 207 2 635 467 —
Q2 2023 247 749 — — —
Q1 2023 383 661 — — —
Q4 2022 171 435 1 — —
Q3 2022 177 329 5 000 — —
Q2 2022 135 822 — — —
Q1 2022 122 812 — — —

Financials by year

2019 – 2025
Revenue, € thousand 2025: 8 548 304 € · −7.9% vs 2024 · industry median 63 691 € · above 98% of the industry
02 0004 0006 0008 00010 0002019 Company: 381 893 € Industry median: 78 948 €20192020 Company: 713 842 € Industry median: 67 913 €20202021 Company: 981 476 € Industry median: 71 656 €20212022 Company: 2 651 460 € Industry median: 75 397 €20222023 Company: 6 750 817 € Industry median: 63 715 €20232024 Company: 9 276 810 € Industry median: 60 216 €20242025 Company: 8 548 304 € Industry median: 63 691 €202502 0004 0006 0008 00010 0002019 Company: 381 893 € Industry median: 78 948 €20192020 Company: 713 842 € Industry median: 67 913 €2021 Company: 981 476 € Industry median: 71 656 €20212022 Company: 2 651 460 € Industry median: 75 397 €2023 Company: 6 750 817 € Industry median: 63 715 €20232024 Company: 9 276 810 € Industry median: 60 216 €2025 Company: 8 548 304 € Industry median: 63 691 €2025
  • 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: 338 661 € · −57.1% vs 2024 · industry median 127 € · above 98% of the industry
02004006008002019 Company: 52 871 € Industry median: 1 086 €20192020 Company: 79 030 € Industry median: 906 €20202021 Company: 108 880 € Industry median: 1 415 €20212022 Company: 220 565 € Industry median: 889 €20222023 Company: 711 212 € Industry median: 370 €20232024 Company: 788 976 € Industry median: 134 €20242025 Company: 338 661 € Industry median: 127 €202502004006008002019 Company: 52 871 € Industry median: 1 086 €20192020 Company: 79 030 € Industry median: 906 €2021 Company: 108 880 € Industry median: 1 415 €20212022 Company: 220 565 € Industry median: 889 €2023 Company: 711 212 € Industry median: 370 €20232024 Company: 788 976 € Industry median: 134 €2025 Company: 338 661 € Industry median: 127 €2025
  • 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: 4.0 % · −4.5 pp vs the year before · industry median 2.7 % · above 56% of the industry
0510152019 Company: 13.8 % Industry median: 3.7 %20192020 Company: 11.1 % Industry median: 4.2 %20202021 Company: 11.1 % Industry median: 4.9 %20212022 Company: 8.3 % Industry median: 4.2 %20222023 Company: 10.5 % Industry median: 3.5 %20232024 Company: 8.5 % Industry median: 2.9 %20242025 Company: 4.0 % Industry median: 2.7 %20250510152019 Company: 13.8 % Industry median: 3.7 %20192020 Company: 11.1 % Industry median: 4.2 %2021 Company: 11.1 % Industry median: 4.9 %20212022 Company: 8.3 % Industry median: 4.2 %2023 Company: 10.5 % Industry median: 3.5 %20232024 Company: 8.5 % Industry median: 2.9 %2025 Company: 4.0 % Industry median: 2.7 %2025
  • 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: 2 452 590 € · +11.7% vs 2024
05001 0001 5002 0002 5002019 Company: 173 825 €20192020 Company: 192 497 €20202021 Company: 323 837 €20212022 Company: 1 080 611 €20222023 Company: 1 507 211 €20232024 Company: 2 196 099 €20242025 Company: 2 452 590 €202505001 0001 5002 0002 5002019 Company: 173 825 €20192020 Company: 192 497 €2021 Company: 323 837 €20212022 Company: 1 080 611 €2023 Company: 1 507 211 €20232024 Company: 2 196 099 €2025 Company: 2 452 590 €2025
Equity, € thousand 2025: 2 179 619 € · +14.6% vs 2024
05001 0001 5002 0002 5002019 Company: 55 371 €20192020 Company: 134 401 €20202021 Company: 243 281 €20212022 Company: 443 846 €20222023 Company: 1 144 058 €20232024 Company: 1 901 134 €20242025 Company: 2 179 619 €202505001 0001 5002 0002 5002019 Company: 55 371 €20192020 Company: 134 401 €2021 Company: 243 281 €20212022 Company: 443 846 €2023 Company: 1 144 058 €20232024 Company: 1 901 134 €2025 Company: 2 179 619 €2025
Employees 2025: 0 · industry median 2 · above 2% of the industry
0.00.51.01.52.02019 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: 0 Industry median: 220242025 Company: 0 Industry median: 220250.00.51.01.52.02019 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: 0 Industry median: 22025 Company: 0 Industry median: 22025
  • 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 8 548 304 338 661 0 2 452 590 2 179 619 0
2024 9 276 810 788 976 0 2 196 099 1 901 134 0
2023 6 750 817 711 212 0 1 507 211 1 144 058 0
2022 2 651 460 220 565 0 1 080 611 443 846 0
2021 981 476 108 880 0 323 837 243 281 0
2020 713 842 79 030 0 192 497 134 401 0
2019 381 893 52 871 0 173 825 55 371 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
4.0 %
Net profit / revenue
Return on equity (ROE)
15.5 %
Net profit / equity
Return on assets (ROA)
13.8 %
Net profit / assets
Equity ratio
88.9 %
Equity / assets
Debt ratio
11.1 %
Liabilities / assets
Current ratio
8.98
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 29 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 26 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 17 Aug 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Jun 2021 Company’s own e-Äriregister
2019 5 Nov 2018 – 31 Dec 2019 30 Oct 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.

Any procurator may represent the private 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

Beneficial owners

Founders and other persons

Activities (EMTAK)

  • 46901Non-specialised wholesale trade Main
Rulings
Number, date Title Deadline State Document
Ä 50106284 / M1
12 Jul 2024
Procedural ruling 26 Jul 2024 Deficiencies eliminated
12 Jul 2024
PDF
Ä 50106284 / 6
12 Jul 2024
Amendment under Code of Civil Procedure § 595¹ (1) In force
12 Jul 2024
PDF
Ä 50106284 / 5
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 50106284 / 4
4 May 2023
Amendment entry In force
4 May 2023
PDF
Ä 50106284 / 3
30 Oct 2020
Amendment entry In force
30 Oct 2020
PDF
Ä 50106284 / 2
4 Jun 2020
Amendment entry In force
4 Jun 2020
PDF
Ä 50106284
5 Nov 2018
First entry In force
5 Nov 2018
PDF

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