Aktsiaselts ESTONIA KlaverivabrikRegistered
Key figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 285 862 € | 25 | 86 872 € |
| Q2 2026 | 352 852 € | 26 | 81 016 € |
| Q1 2026 | 518 267 € | 27 | 83 601 € |
| Q4 2025 | 241 763 € | 26 | 88 272 € |
| Q3 2025 | 316 463 € | 30 | 102 793 € |
| Q2 2025 | 633 867 € | 31 | 106 379 € |
| Q1 2025 | 354 882 € | 35 | 111 204 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 293 910 € (4% of distributable profit).
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 4 800 464 | 5 403 135 | 5 809 645 | 4 513 067 | 4 617 722 | 4 486 502 | 4 492 859 |
| Total non-current assets | 2 023 732 | 1 891 447 | 1 869 883 | 3 213 201 | 3 020 357 | 3 069 542 | 2 912 590 |
| Total assets | 6 824 196 | 7 294 582 | 7 679 528 | 7 726 268 | 7 638 079 | 7 556 044 | 7 405 449 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 746 894 | 766 555 | 915 224 | 874 133 | 778 640 | 641 682 | 744 050 |
| Non-current liabilities | 0 | 0 | — | — | — | 4263 | 0 |
| Total liabilities | 746 894 | 766 555 | 915 224 | 874 133 | 778 640 | 645 945 | 744 050 |
| Share capital | 312 282 | 312 282 | 312 282 | 312 282 | 312 282 | 312 282 | 312 282 |
| Retained earnings of previous periods | 5 645 551 | 5 732 828 | 6 183 553 | 6 500 622 | 6 507 661 | 6 514 950 | 6 271 715 |
| Profit for the year | 87 277 | 450 725 | 236 277 | 7039 | 7304 | 50 675 | 45 210 |
| Reserves and other equity | 32 192 | 32 192 | 32 192 | 32 192 | 32 192 | 32 192 | 32 192 |
| Total equity | 6 077 302 | 6 528 027 | 6 764 304 | 6 852 135 | 6 859 439 | 6 910 099 | 6 661 399 |
| Income statement | |||||||
| Sales revenue | 2 147 840 | 1 885 599 | 2 167 100 | 2 826 174 | 2 578 024 | 2 281 341 | 1 289 434 |
| Operating profit | −10 450 | 426 440 | 87 777 | 169 870 | 99 086 | −11 331 | −154 230 |
| EBITDA | 103 027 | 493 216 | 156 559 | 218 269 | 196 336 | 100 143 | −39 873 |
| Profit before income tax | 87 277 | 450 725 | 236 277 | 7039 | 7304 | 50 675 | 45 210 |
| Profit for the reporting year | 87 277 | 450 725 | 236 277 | 7039 | 7304 | 50 675 | 45 210 |
| Labour costs | 774 640 | 800 736 | 898 324 | 1 045 836 | 1 095 316 | 1 038 971 | 898 104 |
| Depreciation of non-current assets | 113 477 | 66 776 | 68 782 | 48 399 | 97 250 | 111 474 | 114 357 |
| Other indicators | |||||||
| Employees | 35 | 34 | 35 | 39 | 35 | 35 | 27 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 293 910 |
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 obligations1 note5 clear
Data from public registers, not a credit rating.
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Public procurement
3 contractsPublic contracts won worth 148 942 € from 3 contracting authorities (05.01.2024–23.03.2026).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Eesti Muusika- ja Teatriakadeemia õppeklasside tiibklaverite ostmine · OSA 1 - Tiibklaver Estonia | Eesti Muusika- ja Teatriakadeemia | 46 713 € | 23.03.2026 |
| Kontsertklaveri ostmine Eesti Rahvusraamatukogule | Eesti Rahvusraamatukogu | 57 429 € | 09.12.2025 |
| Narva Raekotta klaveri ostmine | Narva Linna Arenduse ja Ökonoomika Amet | 44 800 € | 05.01.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Aktsiaselts ESTONIA Klaverivabrik
Overview
Aktsiaselts ESTONIA Klaverivabrik (registry code 10103095) is a public limited company (AS). The company was entered in the Commercial Register in 1996 and has been registered for 29 years. Registered location: Põhja-Tallinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is muusikariistade tootmine (EMTAK 32201). The company is registered for VAT (VAT number EE100074305).
Financial results
Revenue in financial year 2025 was 1 289 434 €, down 43,5% on the previous year (2 281 341 €). From 2019 to 2025, revenue declined by an average of 8,2% per year. This is the company's lowest revenue among the published years (2019–2025). Net profit for financial year 2025 was 45 210 € (3,5% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 27 employees (35 a year earlier). Revenue per employee was 47 757 €. At the end of financial year 2025, total assets were 7 405 449 € and equity 6 661 399 € (90,0% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 285 862 €, down 9,7% on the same quarter a year earlier. The company had 25 employees in that quarter. Labour taxes paid in the quarter: 86 872 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2190 € per month.
Management and owners
The company has one management board member. The supervisory board has 3 members.
Data sources and freshness
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 18.07.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (984500EC50ZF10F1E912) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.