Welmet OÜ

Registered
10052096Private limited company (OÜ)Founded 1996
Qualified audit opinion. 2020 report: Qualified.

Key figures

3 350 568 €−16,2%
Revenue 2025
+0,9%
Average annual growth 2019–2025
02 m4 m6 m2019202020212022202320242025

Ratios

2025

Summary: Welmet OÜ

What kind of company is it?

Welmet OÜ (registry code 10052096) is a private limited company (OÜ). The company was entered in the Commercial Register in 1996 and has been registered for 30 years. Registered location: Tõrdu küla, Põhja-Pärnumaa vald, Pärnu maakond. According to the latest annual report, the main activity is manufacture of other special-purpose machinery n.e.c. (EMTAK 28991). The company is registered for VAT (VAT number EE100129085).

How is the company doing financially?

Revenue in financial year 2025 was 3 350 568 €, down 16,2% on the previous year (3 998 261 €). From 2019 to 2025, revenue grew by an average of 0,9% per year. Net profit for financial year 2025 was 275 425 € (8,2% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 20 employees (24 a year earlier). Revenue per employee was 167 528 €. At the end of financial year 2025, total assets were 2 682 164 € and equity 1 643 860 € (61,3% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 1 488 419 €, up 40,7% on the same quarter a year earlier. The company had 19 employees in that quarter. Labour taxes paid in the quarter: 92 614 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2980 € per month.

Who runs the company and who owns it?

The company has one management board member. According to the register, the company has 2 owners. The largest stake (98,7%) is held by Upway OÜ.

Where does the data come from and how fresh is it?

Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 17.03.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.

Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q3 20261 488 419 €1992 614 €
Q2 20261 125 024 €2282 551 €
Q1 20261 026 302 €1990 630 €
Q4 20251 147 415 €2099 622 €
Q3 20251 057 820 €2480 201 €
Q2 2025980 485 €2182 618 €
Q1 2025875 524 €2287 510 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Summary of financial statements2021–2025
20212022202320242025
Sales revenue3 023 2403 738 7594 266 9313 998 2613 350 568
Net profit10 555239 383309 376198 749275 425
Retained earnings463 633474 188713 5711 022 9471 221 696
Total assets1 975 1662 241 8952 482 3592 633 2992 682 164
Total liabilities1 414 2391 441 5851 372 6731 264 8641 038 304
Total equity560 927800 3101 109 6861 368 4351 643 860
Employees2425232420
Average gross salary (monthly)16161661187221662618
Calculated dividend00000

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.

Risks and obligationsAll clear1 for information
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
All on time
Business Register · 2023–2025
Auditor's opinion
Unqualified
Business Register · 2025 annual report
Commercial pledges
2 pledges · 260 000 €
Luminor Bank AS (2)
A pledge over the company's movable assets, usually securing a loan.
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph

Click a node to see its other connections.

98,74%1,26%Welmet OÜUpway OÜosaühing Overhill2Märt Lehtsalu
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

Public procurement

The company is itself a contracting authority: 2 tenders. View tenders →

State aid and grants

20 records

State aid and de minimis aid in total 706 319 € (2018–2026). Largest grantors: Maaelu Edendamise SA (326 243 €), Ettevõtluse ja Innovatsiooni Sihtasutus (258 332 €), Põllumajanduse Registrite ja Informatsiooni Amet (121 745 €).

Show all aid records (20)
2026141 745 €
2024132 600 €
20232971 €
202244 274 €
20214111 €
2020320 879 €
201956 763 €
20182977 €
GrantorPurposeAmountDate
Ettevõtluse ja Innovatsiooni SihtasutusMuu20 000 €05.10.2026
Põllumajanduse Registrite ja Informatsiooni AmetInvesteeringud121 745 €05.08.2026
Ettevõtluse ja Innovatsiooni SihtasutusEkspordi edendamine VTA12 960 €01.04.2024
Ettevõtluse ja Innovatsiooni SihtasutusProtsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29)14 625 €05.02.2024
Ettevõtluse ja Innovatsiooni SihtasutusKoolitusabi12 375 €05.02.2024
Ettevõtluse ja Innovatsiooni SihtasutusMuu92 640 €05.02.2024
Maaelu Edendamise SAMuu · Guarantee332 €*03.08.2023
Maaelu Edendamise SAMuu · Guarantee269 €*03.08.2023
Ettevõtluse ja Innovatsiooni SihtasutusEkspordi edendamine VTA2370 €20.02.2023
Ettevõtluse ja Innovatsiooni SihtasutusMuu41 833 €23.12.2022
Ettevõtluse ja Innovatsiooni SihtasutusEkspordi edendamine VTA1789 €12.12.2022
Maaelu Edendamise SAMuu · Guarantee98 €*28.10.2022
Maaelu Edendamise SAInvesteeringud · Guarantee444 €*28.10.2022
Maaelu Edendamise SAMuu · Guarantee110 €*28.10.2022
Maaelu Edendamise SAMuu · Guarantee4111 €*11.02.2021
Maaelu Edendamise SAKomisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" · Guarantee100 000 €21.12.2020
Maaelu Edendamise SAKomisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" · Guarantee220 879 €21.12.2020
Ettevõtluse ja Innovatsiooni SihtasutusMuu49 780 €20.11.2019
Ettevõtluse ja Innovatsiooni SihtasutusNõustamine VTA6983 €25.09.2019
Ettevõtluse ja Innovatsiooni SihtasutusEkspordi edendamine VTA2977 €12.06.2018

Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗

Annual reportsPDF, XBRL

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Source: e-Business Register (RIK). Files open/download directly from the official register.

Related companies

Largest in the same sector — Manufacturing
Same activity — Manufacture of other special-purpose machinery n.e.c.

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