Velfen OÜ

Active Registry code 14942444 OÜ Tallinn Registered 24 Mar 2020
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Velfen OÜ is a OÜ based in Tallinn, registry code 14942444, status: active. Main activity: Machining of metals. According to EMTA, turnover for Q3 2026 was €15 091 with 1 employees.

Turnover
15 091 €
↓ 53.0% vs Q2 2026
State taxes
1 046 €
↓ 86.4% vs Q2 2026
Labour taxes
0 €
Employees
1
±0 vs Q2 2026

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

Position in the industry Manufacture of fabricated metal products, except machinery and equipment · EMTAK 25

  • Turnover · Q3 2026 15 091 €
    industry median 54 051 € · companies in the industry: 1 358
  • Labour taxes per employee 0 €
    industry median 1 944 € · companies in the industry: 1 121
  • Revenue · 2024 22 935 €
    industry median 75 081 € · companies in the industry: 1 784
  • Net profit margin · 2024 -34.2 %
    industry median 2.9 % · companies in the industry: 1 497

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 15 091 € · −53.0% vs Q2 2026 · industry median 54 051 € · above 27% of the industry
020 00040 00060 00080 000100 000Q4 2023 Company: 7 663 € Industry median: 47 931 €Q4·23Q1 2024 Company: 4 577 € Industry median: 39 673 €Q2 2024 Company: 15 457 € Industry median: 43 108 €Q2·24Q3 2024 Company: 4 541 € Industry median: 46 432 €Q4 2024 Company: 6 710 € Industry median: 49 785 €Q4·24Q1 2025 Company: 11 030 € Industry median: 42 425 €Q2 2025 Company: 6 437 € Industry median: 50 007 €Q2·25Q3 2025 Company: 27 005 € Industry median: 48 528 €Q4 2025 Company: 14 222 € Industry median: 53 452 €Q4·25Q1 2026 Company: 99 234 € Industry median: 45 198 €Q2 2026 Company: 32 131 € Industry median: 54 700 €Q2·26Q3 2026 Company: 15 091 € Industry median: 54 051 €Q3·26020 00040 00060 00080 000100 000Q4 2024 Company: 6 710 € Industry median: 49 785 €Q1 2025 Company: 11 030 € Industry median: 42 425 €Q1·25Q2 2025 Company: 6 437 € Industry median: 50 007 €Q3 2025 Company: 27 005 € Industry median: 48 528 €Q3·25Q4 2025 Company: 14 222 € Industry median: 53 452 €Q1 2026 Company: 99 234 € Industry median: 45 198 €Q1·26Q2 2026 Company: 32 131 € Industry median: 54 700 €Q3 2026 Company: 15 091 € Industry median: 54 051 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 0 € · industry median 1 944 € · above 2% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 0 € Industry median: 1 751 €Q4·23Q1 2024 Company: 0 € Industry median: 1 757 €Q2 2024 Company: 0 € Industry median: 1 735 €Q2·24Q3 2024 Company: 0 € Industry median: 1 864 €Q4 2024 Company: 0 € Industry median: 1 892 €Q4·24Q1 2025 Company: 0 € Industry median: 1 847 €Q2 2025 Company: 0 € Industry median: 1 858 €Q2·25Q3 2025 Company: 0 € Industry median: 1 902 €Q4 2025 Company: 0 € Industry median: 2 028 €Q4·25Q1 2026 Company: 0 € Industry median: 1 906 €Q2 2026 Company: 0 € Industry median: 1 845 €Q2·26Q3 2026 Company: 0 € Industry median: 1 944 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 0 € Industry median: 1 892 €Q1 2025 Company: 0 € Industry median: 1 847 €Q1·25Q2 2025 Company: 0 € Industry median: 1 858 €Q3 2025 Company: 0 € Industry median: 1 902 €Q3·25Q4 2025 Company: 0 € Industry median: 2 028 €Q1 2026 Company: 0 € Industry median: 1 906 €Q1·26Q2 2026 Company: 0 € Industry median: 1 845 €Q3 2026 Company: 0 € Industry median: 1 944 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (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: 1 046 € · −86.4% vs Q2 2026
02 5005 0007 50010 00012 500Q4 2023 Company: 424 €Q4·23Q1 2024 Company: 0 €Q2 2024 Company: 0 €Q2·24Q3 2024 Company: 0 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: 1 496 €Q2 2025 Company: 0 €Q2·25Q3 2025 Company: 0 €Q4 2025 Company: 2 361 €Q4·25Q1 2026 Company: 12 186 €Q2 2026 Company: 7 687 €Q2·26Q3 2026 Company: 1 046 €Q3·2602 5005 0007 50010 00012 500Q4 2024 Company: 0 €Q1 2025 Company: 1 496 €Q1·25Q2 2025 Company: 0 €Q3 2025 Company: 0 €Q3·25Q4 2025 Company: 2 361 €Q1 2026 Company: 12 186 €Q1·26Q2 2026 Company: 7 687 €Q3 2026 Company: 1 046 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 15 091 1 046 — 1
Q2 2026 32 131 7 687 — 1
Q1 2026 99 234 12 186 — 1
Q4 2025 14 222 2 361 — 1
Q3 2025 27 005 — — 1
Q2 2025 6 437 — — 1
Q1 2025 11 030 1 496 — 1
Q4 2024 6 710 — — 1
Q3 2024 4 541 — — 1
Q2 2024 15 457 — — 1
Q1 2024 4 577 — — 1
Q4 2023 7 663 424 — 1
Q3 2023 211 — — 1
Q2 2023 21 — — 1
Q1 2023 25 — — 1
Q4 2022 28 — — 1
Q3 2022 123 — — 1
Q2 2022 7 127 1 363 — 1
Q1 2022 2 458 — — 1
Labour taxes per employee per month
0 €
Turnover per employee in the quarter
15 091 €

Q3 2026 · calculated from EMTA data

Financials by year

2020 – 2024
Revenue, € 2024: 22 935 € · +124.7% vs 2023 · industry median 75 081 € · above 33% of the industry
020 00040 00060 00080 000100 0002020 Company: 54 072 € Industry median: 80 652 €20202021 Company: 6 716 € Industry median: 85 610 €20212022 Company: 7 453 € Industry median: 84 505 €20222023 Company: 10 208 € Industry median: 79 655 €20232024 Company: 22 935 € Industry median: 75 081 €2024020 00040 00060 00080 000100 0002020 Company: 54 072 € Industry median: 80 652 €20202021 Company: 6 716 € Industry median: 85 610 €2022 Company: 7 453 € Industry median: 84 505 €20222023 Company: 10 208 € Industry median: 79 655 €2024 Company: 22 935 € Industry median: 75 081 €2024
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2024: -7 835 € · −305.6% vs 2023 · industry median 714 € · above 16% of the industry
-10 000010 00020 0002020 Company: 17 228 € Industry median: 1 618 €20202021 Company: -3 127 € Industry median: 2 495 €20212022 Company: 279 € Industry median: 3 066 €20222023 Company: 3 810 € Industry median: 1 431 €20232024 Company: -7 835 € Industry median: 714 €2024-10 000010 00020 0002020 Company: 17 228 € Industry median: 1 618 €20202021 Company: -3 127 € Industry median: 2 495 €2022 Company: 279 € Industry median: 3 066 €20222023 Company: 3 810 € Industry median: 1 431 €2024 Company: -7 835 € Industry median: 714 €2024
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2024: -34.2 % · −71.5 pp vs the year before · industry median 2.9 % · above 8% of the industry
-60-40-20020402020 Company: 31.9 % Industry median: 3.7 %20202021 Company: -46.6 % Industry median: 4.4 %20212022 Company: 3.7 % Industry median: 5.1 %20222023 Company: 37.3 % Industry median: 4.2 %20232024 Company: -34.2 % Industry median: 2.9 %2024-60-40-20020402020 Company: 31.9 % Industry median: 3.7 %20202021 Company: -46.6 % Industry median: 4.4 %2022 Company: 3.7 % Industry median: 5.1 %20222023 Company: 37.3 % Industry median: 4.2 %2024 Company: -34.2 % Industry median: 2.9 %2024
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2024: 274 182 € · +1 194.3% vs 2023
01002003002020 Company: 22 654 €20202021 Company: 18 024 €20212022 Company: 17 226 €20222023 Company: 21 183 €20232024 Company: 274 182 €202401002003002020 Company: 22 654 €20202021 Company: 18 024 €2022 Company: 17 226 €20222023 Company: 21 183 €2024 Company: 274 182 €2024
Equity, € 2024: 12 855 € · −37.9% vs 2023
05 00010 00015 00020 00025 0002020 Company: 19 728 €20202021 Company: 16 601 €20212022 Company: 16 880 €20222023 Company: 20 690 €20232024 Company: 12 855 €202405 00010 00015 00020 00025 0002020 Company: 19 728 €20202021 Company: 16 601 €2022 Company: 16 880 €20222023 Company: 20 690 €2024 Company: 12 855 €2024
Employees 2024: 0 · industry median 3 · above 2% of the industry
01232020 Company: 0 Industry median: 320202021 Company: 0 Industry median: 320212022 Company: 0 Industry median: 320222023 Company: 0 Industry median: 320232024 Company: 0 Industry median: 3202401232020 Company: 0 Industry median: 320202021 Company: 0 Industry median: 32022 Company: 0 Industry median: 320222023 Company: 0 Industry median: 32024 Company: 0 Industry median: 32024
  • Company
  • Industry median

Industry: Manufacture of fabricated metal products, except machinery and equipment (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
2024 22 935 -7 835 0 274 182 12 855 0
2023 10 208 3 810 0 21 183 20 690 0
2022 7 453 279 0 17 226 16 880 0
2021 6 716 -3 127 0 18 024 16 601 0
2020 54 072 17 228 0 22 654 19 728 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 2024

Net profit margin
-34.2 %
Net profit / revenue
Return on equity (ROE)
-60.9 %
Net profit / equity
Return on assets (ROA)
-2.9 %
Net profit / assets
Equity ratio
4.7 %
Equity / assets
Debt ratio
95.3 %
Liabilities / assets
Current ratio
0.13
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2024 1 Jan 2024 – 31 Dec 2024 8 Mar 2026 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 25 Jul 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 6 Sep 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 14 May 2022 Company’s own e-Äriregister
2020 24 Mar 2020 – 31 Dec 2020 13 Oct 2021 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

  • Sander Saluste
    Member of a senior management body (management or supervisory board) · since 24 Mar 2020
  • Veiko Saluste
    Member of a senior management body (management or supervisory board) · since 24 Mar 2020

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 25531Machining of metals Main
  • 46191Activities of agents involved in non-specialised wholesale
Rulings
Number, date Title Deadline State Document
Ä 50143112 / 4
14 Jul 2025
Amendment entry In force
14 Jul 2025
PDF
Ä 50143112 / M2
16 Jul 2024
Warning of a fine: annual report not filed 15 Aug 2024 Deficiencies eliminated
26 Jul 2024
PDF
Ä 50143112 / 3
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 50143112 / 2
11 Jun 2020
Amendment under Commercial Code § 525 (2) In force
11 Jun 2020
PDF
Ä 50143112
24 Mar 2020
First entry In force
24 Mar 2020
PDF
Ä 50143112 / M1
23 Mar 2020
Ruling to eliminate deficiencies 22 Apr 2020 Deficiencies eliminated
24 Mar 2020
PDF

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