Velmard OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 166 821 € | 30 | 50 242 € |
| Q2 2026 | 253 171 € | 29 | 49 869 € |
| Q1 2026 | 283 172 € | 31 | 56 478 € |
| Q4 2025 | 218 756 € | 31 | 44 669 € |
| Q3 2025 | 240 405 € | 30 | 58 710 € |
| Q2 2025 | 209 934 € | 30 | 55 474 € |
| Q1 2025 | 307 123 € | 30 | 61 734 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
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 | 336 177 | 498 696 | 442 614 | 474 758 | 369 377 | 355 587 | 403 948 |
| Total non-current assets | 10 507 | 12 150 | 30 926 | 32 162 | 27 627 | 22 042 | 16 905 |
| Total assets | 346 684 | 510 846 | 473 540 | 506 920 | 397 004 | 377 629 | 420 853 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 66 600 | 185 108 | 264 504 | 144 002 | 200 927 | 122 618 | 110 628 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 66 600 | 185 108 | 264 504 | 144 002 | 200 927 | 122 618 | 110 628 |
| Share capital | 25 600 | 25 600 | 25 600 | 25 600 | 25 600 | 25 600 | 25 600 |
| Retained earnings of previous periods | 117 959 | 90 734 | 136 388 | 179 686 | 183 568 | 166 727 | 225 661 |
| Profit for the year | 132 775 | 205 654 | 43 298 | 153 882 | −16 841 | 58 934 | 55 214 |
| Reserves and other equity | 3750 | 3750 | 3750 | 3750 | 3750 | 3750 | 3750 |
| Total equity | 280 084 | 325 738 | 209 036 | 362 918 | 196 077 | 255 011 | 310 225 |
| Income statement | |||||||
| Sales revenue | 878 410 | 1 028 226 | 857 641 | 1 001 228 | 752 212 | 978 601 | 913 104 |
| Operating profit | 133 092 | 236 806 | 76 077 | 149 640 | 7849 | 62 418 | 55 203 |
| EBITDA | 138 293 | — | — | — | — | — | — |
| Profit before income tax | 133 101 | 236 821 | 76 102 | 149 651 | 7865 | 62 429 | 55 214 |
| Profit for the reporting year | 132 775 | 205 654 | 43 298 | 153 882 | −16 841 | 58 934 | 55 214 |
| Labour costs | 476 900 | 510 140 | 503 792 | 582 926 | 526 171 | 614 179 | 557 041 |
| Depreciation of non-current assets | 5201 | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 31 | 34 | 35 | 32 | 31 | 29 | 27 |
| Calculated dividend | — | 160 000 | 160 000 | 0 | 150 000 | 0 | 0 |
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 clear
Data from public registers, not a credit rating.
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Public procurement
2 contractsPublic contracts won worth 0 € from 2 contracting authorities (22.04.2024–26.08.2024). Plus 2 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Erinevad peakatted | Riigi Kaitseinvesteeringute Keskus | up to 500 000 € | 26.08.2024 |
| Talviste mütside ostmine | Politsei- ja Piirivalveamet | up to 150 000 € | 22.04.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Velmard OÜ
Overview
Velmard OÜ (registry code 10391786) is a private limited company (OÜ). The company was entered in the Commercial Register in 1998 and has been registered for 28 years. Registered location: Kristiine linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is peakatete valmistamine, k.a karusnahast (EMTAK 14291). The company is registered for VAT (VAT number EE100238646).
Financial results
Revenue in financial year 2025 was 913 104 €, down 6,7% on the previous year (978 601 €). From 2019 to 2025, revenue grew by an average of 0,6% per year. Net profit for financial year 2025 was 55 214 € (6,0% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 27 employees (29 a year earlier). Revenue per employee was 33 819 €. At the end of financial year 2025, total assets were 420 853 € and equity 310 225 € (73,7% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 166 821 €, down 30,6% on the same quarter a year earlier. The company had 30 employees in that quarter. Labour taxes paid in the quarter: 50 242 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1160 € per month.
Management and owners
The company has one management board member. According to the register, the company has 5 owners. The largest stake (25%) is held by a private individual.
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 18.06.2026. 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.