Thorsteel OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 1 191 106 € | 35 | 148 028 € |
| Q2 2026 | 1 712 017 € | 31 | 127 288 € |
| Q1 2026 | 1 372 835 € | 27 | 132 653 € |
| Q4 2025 | 1 468 741 € | 28 | 134 843 € |
| Q3 2025 | 1 282 030 € | 28 | 135 772 € |
| Q2 2025 | 949 497 € | 30 | 126 342 € |
| Q1 2025 | 958 685 € | 26 | 120 971 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 90 000 € (12% 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 | 471 851 | 536 804 | 806 250 | 798 176 | 981 550 | 985 757 | 1 174 669 |
| Total non-current assets | 41 942 | 88 664 | 129 065 | 118 199 | 139 428 | 171 056 | 338 105 |
| Total assets | 513 793 | 625 468 | 935 315 | 916 375 | 1 120 978 | 1 156 813 | 1 512 774 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 156 728 | 234 310 | 342 674 | 317 281 | 376 043 | 277 814 | 592 336 |
| Non-current liabilities | 15 874 | 12 133 | 19 164 | 12 675 | 16 452 | 7076 | 57 239 |
| Total liabilities | 172 602 | 246 443 | 361 838 | 329 956 | 392 495 | 284 890 | 649 575 |
| Share capital | 84 556 | 84 556 | 84 556 | 84 556 | 84 558 | 84 558 | 84 558 |
| Retained earnings of previous periods | 205 277 | 246 379 | 279 980 | 480 465 | 493 407 | 535 237 | 688 909 |
| Profit for the year | 51 102 | 47 834 | 208 685 | 12 942 | 142 062 | 243 672 | 81 276 |
| Reserves and other equity | 256 | 256 | 256 | 8456 | 8456 | 8456 | 8456 |
| Total equity | 341 191 | 379 025 | 573 477 | 586 419 | 728 483 | 871 923 | 863 199 |
| Income statement | |||||||
| Sales revenue | 1 451 020 | 2 048 062 | 2 668 207 | 2 800 563 | 3 785 979 | 4 773 891 | 3 817 538 |
| Operating profit | 50 891 | 48 938 | 216 636 | 15 019 | 150 093 | 269 250 | 107 000 |
| EBITDA | 72 564 | 58 763 | 249 876 | 56 013 | 206 463 | 325 113 | 171 130 |
| Profit before income tax | 51 102 | 50 334 | 211 953 | 12 942 | 142 062 | 268 316 | 106 661 |
| Profit for the reporting year | 51 102 | 47 834 | 208 685 | 12 942 | 142 062 | 243 672 | 81 276 |
| Labour costs | 359 772 | 444 155 | 861 853 | 835 998 | 1 086 625 | 1 267 461 | 1 243 778 |
| Depreciation of non-current assets | 21 673 | 9825 | 33 240 | 40 994 | 56 370 | 55 863 | 64 130 |
| Other indicators | |||||||
| Employees | 14 | 23 | 29 | 24 | 29 | 28 | 30 |
| Calculated dividend | — | 10 000 | 14 233 | 0 | 0 | 100 232 | 90 000 |
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
5 contractsPublic contracts won worth 1 005 793 € from 3 contracting authorities (11.08.2025–24.09.2026).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Kahe 2100-liitrise auruküttega puhvermahuti koos segajate ja automaatikasüsteemiga soetamine | OÜ Bone Broth Factory | 113 750 € | 24.09.2026 |
| 800-liitriste keedukatelde ostmine toiduainetööstusele (3tk) | OÜ Bone Broth Factory | 114 200 € | 23.09.2026 |
| Rapsiõli hoiumahutite ostmine, tarne ja paigaldus | Tarplani Kaubanduse Osaühing | 124 360 € | 23.09.2026 |
| Keedukatelde ostmine toiduainetööstusesse | OÜ Bone Broth Factory | 137 600 € | 17.12.2025 |
| Kaera fraktsioneerimisseadmestiku hange ja rakendamine pilootskaala tootmisüksuses | Tulundusühistu WIRU VILI | 515 883 € | 11.08.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Thorsteel OÜ
Overview
Thorsteel OÜ (registry code 11741308) is a private limited company (OÜ). The company was entered in the Commercial Register in 2009 and has been registered for 16 years. Registered location: Vaela küla, Kiili vald, Harju maakond. According to the latest annual report, the main activity is terasvaatide jms mahutite tootmine (EMTAK 25911). The company is registered for VAT (VAT number EE101350510).
Financial results
Revenue in financial year 2025 was 3 817 538 €, down 20,0% on the previous year (4 773 891 €). From 2019 to 2025, revenue grew by an average of 17,5% per year. Net profit for financial year 2025 was 81 276 € (2,1% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 30 employees (28 a year earlier). Revenue per employee was 127 251 €. At the end of financial year 2025, total assets were 1 512 774 € and equity 863 199 € (57,1% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 1 191 106 €, down 7,1% on the same quarter a year earlier. The company had 35 employees in that quarter. Labour taxes paid in the quarter: 148 028 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2620 € per month.
Management and owners
The management board has 4 members. According to the register, the company has 3 owners. The largest stake (33,3%) 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 16.06.2026. 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.