Mulgi Turvas Aktsiaselts

Active Registry code 14836587 AS Eesnurga küla Registered 29 Oct 2019
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Mulgi Turvas Aktsiaselts is a AS based in Eesnurga küla, registry code 14836587, status: active. Main activity: Extraction of peat. According to EMTA, turnover for Q3 2026 was €150 870 with 1 employees.

Turnover
150 870 €
↑ 386.4% vs Q2 2026
State taxes
27 617 €
↑ 86.0% vs Q2 2026
Labour taxes
2 458 €
↑ 727.6% vs Q2 2026
Employees
1
±0 vs Q2 2026

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

Position in the industry Other mining and quarrying · EMTAK 08

  • Turnover · Q3 2026 150 870 €
    industry median 121 156 € · companies in the industry: 126
  • Labour taxes per employee 2 458 €
    industry median 3 208 € · companies in the industry: 91
  • Revenue · 2025 67 116 €
    industry median 182 528 € · companies in the industry: 149
  • Net profit margin · 2025 3.7 %
    industry median 8.0 % · companies in the industry: 125

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 150 870 € · +386.4% vs Q2 2026 · industry median 121 156 € · above 54% of the industry
050100150200250Q4 2023 Company: 59 220 € Industry median: 113 201 €Q4·23Q1 2024 Company: 0 € Industry median: 56 244 €Q2 2024 Company: 0 € Industry median: 74 593 €Q2·24Q3 2024 Company: 202 335 € Industry median: 125 132 €Q4 2024 Company: 0 € Industry median: 98 729 €Q4·24Q1 2025 Company: 0 € Industry median: 41 590 €Q2 2025 Company: 0 € Industry median: 66 620 €Q2·25Q3 2025 Company: 37 506 € Industry median: 104 328 €Q4 2025 Company: 29 610 € Industry median: 107 966 €Q4·25Q1 2026 Company: 0 € Industry median: 67 327 €Q2 2026 Company: 31 020 € Industry median: 92 224 €Q2·26Q3 2026 Company: 150 870 € Industry median: 121 156 €Q3·26050100150200Q4 2024 Company: 0 € Industry median: 98 729 €Q1 2025 Company: 0 € Industry median: 41 590 €Q1·25Q2 2025 Company: 0 € Industry median: 66 620 €Q3 2025 Company: 37 506 € Industry median: 104 328 €Q3·25Q4 2025 Company: 29 610 € Industry median: 107 966 €Q1 2026 Company: 0 € Industry median: 67 327 €Q1·26Q2 2026 Company: 31 020 € Industry median: 92 224 €Q3 2026 Company: 150 870 € Industry median: 121 156 €Q3·26
  • Company
  • Industry median

Industry: Other mining and quarrying (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 458 € · +727.6% vs Q2 2026 · industry median 3 208 € · above 38% of the industry
01 0002 0003 0004 000Q4 2023 Company: 2 154 € Industry median: 2 777 €Q4·23Q1 2024 Company: 223 € Industry median: 2 401 €Q2 2024 Company: 279 € Industry median: 2 361 €Q2·24Q3 2024 Company: 3 308 € Industry median: 2 840 €Q4 2024 Company: 1 021 € Industry median: 2 954 €Q4·24Q1 2025 Company: 231 € Industry median: 2 733 €Q2 2025 Company: 288 € Industry median: 2 586 €Q2·25Q3 2025 Company: 758 € Industry median: 3 221 €Q4 2025 Company: 749 € Industry median: 3 127 €Q4·25Q1 2026 Company: 230 € Industry median: 3 099 €Q2 2026 Company: 297 € Industry median: 2 454 €Q2·26Q3 2026 Company: 2 458 € Industry median: 3 208 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 1 021 € Industry median: 2 954 €Q1 2025 Company: 231 € Industry median: 2 733 €Q1·25Q2 2025 Company: 288 € Industry median: 2 586 €Q3 2025 Company: 758 € Industry median: 3 221 €Q3·25Q4 2025 Company: 749 € Industry median: 3 127 €Q1 2026 Company: 230 € Industry median: 3 099 €Q1·26Q2 2026 Company: 297 € Industry median: 2 454 €Q3 2026 Company: 2 458 € Industry median: 3 208 €Q3·26
  • Company
  • Industry median

Industry: Other mining and quarrying (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 1 · +0.0% vs Q2 2026
0.00.20.40.60.81.0Q4 2023 Company: 1Q4·23Q1 2024 Company: 1Q2 2024 Company: 1Q2·24Q3 2024 Company: 1Q4 2024 Company: 1Q4·24Q1 2025 Company: 1Q2 2025 Company: 1Q2·25Q3 2025 Company: 1Q4 2025 Company: 1Q4·25Q1 2026 Company: 1Q2 2026 Company: 1Q2·26Q3 2026 Company: 1Q3·260.00.20.40.60.81.0Q4 2024 Company: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: 1Q3·25Q4 2025 Company: 1Q1 2026 Company: 1Q1·26Q2 2026 Company: 1Q3 2026 Company: 1Q3·26
State taxes, € Q3 2026: 27 617 € · +86.0% vs Q2 2026
010 00020 00030 000Q4 2023 Company: 6 163 €Q4·23Q1 2024 Company: 210 €Q2 2024 Company: 450 €Q2·24Q3 2024 Company: 26 173 €Q4 2024 Company: 1 164 €Q4·24Q1 2025 Company: 407 €Q2 2025 Company: 8 733 €Q2·25Q3 2025 Company: 3 926 €Q4 2025 Company: 4 313 €Q4·25Q1 2026 Company: 406 €Q2 2026 Company: 14 851 €Q2·26Q3 2026 Company: 27 617 €Q3·26010 00020 00030 000Q4 2024 Company: 1 164 €Q1 2025 Company: 407 €Q1·25Q2 2025 Company: 8 733 €Q3 2025 Company: 3 926 €Q3·25Q4 2025 Company: 4 313 €Q1 2026 Company: 406 €Q1·26Q2 2026 Company: 14 851 €Q3 2026 Company: 27 617 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 150 870 27 617 2 458 1
Q2 2026 31 020 14 851 297 1
Q1 2026 — 406 230 1
Q4 2025 29 610 4 313 749 1
Q3 2025 37 506 3 926 758 1
Q2 2025 — 8 733 288 1
Q1 2025 — 407 231 1
Q4 2024 — 1 164 1 021 1
Q3 2024 202 335 26 173 3 308 1
Q2 2024 — 450 279 1
Q1 2024 — 210 223 1
Q4 2023 59 220 6 163 2 154 1
Q3 2023 172 960 17 212 2 975 1
Q2 2023 — 209 222 1
Q1 2023 — 7 442 227 1
Q4 2022 21 620 4 065 2 139 1
Q3 2022 170 140 21 854 2 199 1
Q2 2022 — 5 209 222 1
Q1 2022 — 518 222 1
Labour taxes per employee per month
819 €
Turnover per employee in the quarter
150 870 €

Q3 2026 · calculated from EMTA data

Financials by year

2020 – 2025
Revenue, € thousand 2025: 67 116 € · −66.8% vs 2024 · industry median 182 528 € · above 39% of the industry
0501001502002502020 Company: — Industry median: 145 287 €20202021 Company: 174 375 € Industry median: 161 676 €20212022 Company: 191 760 € Industry median: 117 651 €20222023 Company: 232 180 € Industry median: 158 545 €20232024 Company: 202 335 € Industry median: 187 420 €20242025 Company: 67 116 € Industry median: 182 528 €20250501001502002502020 Company: — Industry median: 145 287 €2021 Company: 174 375 € Industry median: 161 676 €20212022 Company: 191 760 € Industry median: 117 651 €2023 Company: 232 180 € Industry median: 158 545 €20232024 Company: 202 335 € Industry median: 187 420 €2025 Company: 67 116 € Industry median: 182 528 €2025
  • Company
  • Industry median

Industry: Other mining and quarrying (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 2 500 € · −93.8% vs 2024 · industry median 2 232 € · above 50% of the industry
-20 000020 00040 00060 0002020 Company: -9 221 € Industry median: 2 591 €20202021 Company: 52 473 € Industry median: 5 683 €20212022 Company: 54 531 € Industry median: 4 782 €20222023 Company: 41 677 € Industry median: 2 514 €20232024 Company: 40 560 € Industry median: 6 331 €20242025 Company: 2 500 € Industry median: 2 232 €2025-20 000020 00040 00060 0002020 Company: -9 221 € Industry median: 2 591 €2021 Company: 52 473 € Industry median: 5 683 €20212022 Company: 54 531 € Industry median: 4 782 €2023 Company: 41 677 € Industry median: 2 514 €20232024 Company: 40 560 € Industry median: 6 331 €2025 Company: 2 500 € Industry median: 2 232 €2025
  • Company
  • Industry median

Industry: Other mining and quarrying (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 3.7 % · −16.3 pp vs the year before · industry median 8.0 % · above 42% of the industry
0102030402020 Company: — Industry median: 7.0 %20202021 Company: 30.1 % Industry median: 9.3 %20212022 Company: 28.4 % Industry median: 10.7 %20222023 Company: 18.0 % Industry median: 11.2 %20232024 Company: 20.0 % Industry median: 8.4 %20242025 Company: 3.7 % Industry median: 8.0 %20250102030402020 Company: — Industry median: 7.0 %2021 Company: 30.1 % Industry median: 9.3 %20212022 Company: 28.4 % Industry median: 10.7 %2023 Company: 18.0 % Industry median: 11.2 %20232024 Company: 20.0 % Industry median: 8.4 %2025 Company: 3.7 % Industry median: 8.0 %2025
  • Company
  • Industry median

Industry: Other mining and quarrying (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 129 591 € · −17.7% vs 2024
0501001502002020 Company: 36 837 €20202021 Company: 69 835 €20212022 Company: 104 474 €20222023 Company: 116 177 €20232024 Company: 157 465 €20242025 Company: 129 591 €20250501001502002020 Company: 36 837 €2021 Company: 69 835 €20212022 Company: 104 474 €2023 Company: 116 177 €20232024 Company: 157 465 €2025 Company: 129 591 €2025
Equity, € thousand 2025: 127 519 € · −17.7% vs 2024
0501001502002020 Company: 15 779 €20202021 Company: 68 252 €20212022 Company: 102 783 €20222023 Company: 114 460 €20232024 Company: 155 020 €20242025 Company: 127 519 €20250501001502002020 Company: 15 779 €2021 Company: 68 252 €20212022 Company: 102 783 €2023 Company: 114 460 €20232024 Company: 155 020 €2025 Company: 127 519 €2025
Employees 2025: 1 · +0.0% vs 2024 · industry median 5 · above 5% of the industry
02462020 Company: 1 Industry median: 520202021 Company: 1 Industry median: 5.520212022 Company: 1 Industry median: 520222023 Company: 1 Industry median: 520232024 Company: 1 Industry median: 520242025 Company: 1 Industry median: 5202502462020 Company: 1 Industry median: 52021 Company: 1 Industry median: 5.520212022 Company: 1 Industry median: 52023 Company: 1 Industry median: 520232024 Company: 1 Industry median: 52025 Company: 1 Industry median: 52025
  • Company
  • Industry median

Industry: Other mining and quarrying (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 67 116 2 500 4 724 129 591 127 519 1
2024 202 335 40 560 11 727 157 465 155 020 1
2023 232 180 41 677 13 532 116 177 114 460 1
2022 191 760 54 531 11 616 104 474 102 783 1
2021 174 375 52 473 11 147 69 835 68 252 1
2020 — -9 221 1 607 36 837 15 779 1

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
3.7 %
Net profit / revenue
Return on equity (ROE)
2.0 %
Net profit / equity
Return on assets (ROA)
1.9 %
Net profit / assets
Equity ratio
98.4 %
Equity / assets
Debt ratio
1.6 %
Liabilities / assets
Current ratio
252.18
Current assets / current liabilities
Revenue per employee
67 116 €
Revenue / average full-time employees
Labour cost per employee per month
394 €
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 20 Mar 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 28 Apr 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 8 Mar 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 21 Feb 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 2 Mar 2022 Company’s own e-Äriregister
2020 29 Oct 2019 – 31 Dec 2020 15 Apr 2021 Company’s own e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 29 Oct 2019
  • Märt Puhmaste
    Board member · since 29 Oct 2019

Right of representation

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

Owners

No owner information.

Beneficial owners

  • Riho Alas
    Indirect ownership · since 29 Sep 2020

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 08921Extraction of peat Main
Rulings
Number, date Title Deadline State Document
Ä 50131751 / 2
29 Oct 2019
Third (informative) division entry In force
29 Oct 2019
PDF
Ä 50131751
29 Oct 2019
First (declaratory) division entry (card of the new company) In force
29 Oct 2019
PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data