TERE aktsiaseltsRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 23 525 573 € | 277 | 711 077 € |
| Q2 2026 | 24 399 847 € | 283 | 694 032 € |
| Q1 2026 | 24 445 823 € | 287 | 673 088 € |
| Q4 2025 | 27 957 137 € | 284 | 744 375 € |
| Q3 2025 | 29 799 678 € | 295 | 793 102 € |
| Q2 2025 | 29 717 022 € | 301 | 681 044 € |
| Q1 2025 | 26 854 525 € | 281 | 640 481 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 15 646 102 | 15 617 638 | 15 352 678 | 19 038 164 | 15 746 418 | 10 037 125 | 10 158 589 |
| Total non-current assets | 56 884 406 | 56 044 985 | 56 099 811 | 55 568 633 | 54 869 951 | 57 342 011 | 56 156 432 |
| Total assets | 72 530 508 | 71 662 623 | 71 452 489 | 74 606 797 | 70 616 369 | 67 379 136 | 66 315 021 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 9 124 729 | 5 735 250 | 11 141 837 | 14 239 775 | 11 561 864 | 12 963 710 | 16 140 495 |
| Non-current liabilities | 42 902 087 | 43 973 056 | 36 149 757 | 37 229 738 | 34 584 818 | 28 588 910 | 23 940 039 |
| Total liabilities | 52 026 816 | 49 708 306 | 47 291 594 | 51 469 513 | 46 146 682 | 41 552 620 | 40 080 534 |
| Share capital | 5 112 932 | 5 112 932 | 5 112 932 | 5 112 932 | 5 112 932 | 5 112 932 | 5 112 932 |
| Retained earnings of previous periods | 3 919 167 | 7 589 183 | 8 419 868 | 11 051 338 | 10 083 523 | 11 090 688 | 12 025 317 |
| Profit for the year | 2 766 014 | 405 792 | 2 206 578 | −1 423 460 | 502 110 | 349 296 | 407 971 |
| Reserves and other equity | 8 705 579 | 8 846 410 | 8 421 517 | 8 396 474 | 8 771 122 | 9 273 600 | 8 688 267 |
| Total equity | 20 503 692 | 21 954 317 | 24 160 895 | 23 137 284 | 24 469 687 | 25 826 516 | 26 234 487 |
| Income statement | |||||||
| Sales revenue | 66 691 263 | 70 681 203 | 80 114 726 | 96 358 668 | 106 172 415 | 90 640 269 | 103 756 639 |
| Operating profit | 1 393 131 | 1 672 380 | 3 097 195 | −472 346 | 2 578 778 | 1 654 042 | 1 227 183 |
| EBITDA | 4 455 363 | 4 715 010 | 4 880 212 | 1 703 409 | 4 721 500 | 3 816 831 | 3 743 423 |
| Profit before income tax | 2 766 014 | 405 792 | 2 206 578 | −1 423 460 | 502 110 | 349 296 | 407 971 |
| Profit for the reporting year | 2 766 014 | 405 792 | 2 206 578 | −1 423 460 | 502 110 | 349 296 | 407 971 |
| Labour costs | — | 6 140 000 | 5 673 736 | 6 104 825 | 5 973 715 | 6 407 273 | 7 329 907 |
| Depreciation of non-current assets | 3 062 232 | 3 042 630 | 1 783 017 | 2 175 755 | 2 142 722 | 2 162 789 | 2 516 240 |
| Other indicators | |||||||
| Employees | 341 | 323 | 308 | 284 | 266 | 272 | 285 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 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 obligations1 note5 clear
Data from public registers, not a credit rating.
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Public procurement
1 contractsPublic contracts won worth 0 € from 1 contracting authorities (29.01.2024–29.01.2024). Plus 2 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Piima ja piimatoodete soetus · Juustu ja või soetus | Riigi Kaitseinvesteeringute Keskus | up to 3959 € | 29.01.2024 |
| Piima ja piimatoodete soetus | Riigi Kaitseinvesteeringute Keskus | up to 61 226 € | 29.01.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Related companies
Summary: TERE aktsiaselts
Overview
TERE aktsiaselts (registry code 11411278) is a public limited company (AS). The company was entered in the Commercial Register in 2007 and has been registered for 19 years. Registered location: Kristiine linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is piimatoodete tootmine (EMTAK 1051). The company is registered for VAT (VAT number EE101163529).
Financial results
Revenue in financial year 2025 was 103 756 639 €, up 14,5% on the previous year (90 640 269 €). From 2019 to 2025, revenue grew by an average of 7,6% per year. Net profit for financial year 2025 was 407 971 € (0,4% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 285 employees (272 a year earlier). Revenue per employee was 364 058 €. At the end of financial year 2025, total assets were 66 315 021 € and equity 26 234 487 € (39,6% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 23 525 573 €, down 21,1% on the same quarter a year earlier. The company had 277 employees in that quarter. Labour taxes paid in the quarter: 711 077 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1670 € per month.
Management and owners
The company has one management board member. The supervisory board has 3 members. The sole owner of the company is Nordic Milk OÜ.
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 30.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (894500OTCGD5Z3GHAN12) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.