Wulcan OÜ

Registered
12570180Private limited company (OÜ)Founded 2013

Key figures

127 198 €−3,7%
Revenue 2025
−11,4%
Average annual change 2019–2025
0100 k200 k300 k2019202020212022202320242025

Ratios

2025

Summary: Wulcan OÜ

What kind of company is it?

Wulcan OÜ (registry code 12570180) is a private limited company (OÜ). The company was entered in the Commercial Register in 2013 and has been registered for 12 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is activities of advertising agencies (EMTAK 73111). The company is registered for VAT (VAT number EE101810814).

How is the company doing financially?

Revenue in financial year 2025 was 127 198 €, down 3,7% on the previous year (132 070 €). From 2019 to 2025, revenue declined by an average of 11,4% per year. Financial year 2025 ended with a loss of 10 936 €. The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 2 employees. Revenue per employee was 63 599 €. At the end of financial year 2025, total assets were 93 927 € and equity 51 022 € (54,3% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 20 219 €, down 59,6% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 1981 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 590 € per month.

Who runs the company and who owns it?

The management board has 2 members. According to the register, the company has 2 owners. The largest stake (75%) is held by a private individual.

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 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. 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 202620 219 €31981 €
Q2 202620 270 €31738 €
Q1 202621 402 €33716 €
Q4 202537 167 €44598 €
Q3 202550 096 €44598 €
Q2 202533 981 €43774 €
Q1 202528 307 €44386 €

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

Dividends

calculated
2025

No dividends were distributed.

History
20250 €
20240 €
20230 €
20220 €
20210 €
20207257 €
Summary of financial statements2021–2025
20212022202320242025
Sales revenue118 852113 466141 514132 070127 198
Net profit632549935−21 888−10 936
Retained earnings79 13079 76280 41181 34661 958
Total assets91 74897 58290 55988 37493 927
Total liabilities948614 771671326 41642 905
Total equity82 26282 81183 84661 95851 022
Employees44222
Average gross salary (monthly)9311281150412611478
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 clear
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
Commercial pledges
None
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.

75%25%Wulcan OÜ1Catherine KaruSimo Reinvald
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

11 records

State aid and de minimis aid in total 1447 € (2015–2021). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (1447 €).

Show all aid records (11)
202129 €
2018231 €
201769 €
2016439 €
2015679 €
GrantorPurposeAmountDate
Ettevõtluse ja Innovatsiooni SihtasutusMuu29 €10.03.2021
Ettevõtluse ja Innovatsiooni SihtasutusKoolitus VTA150 €21.11.2018
Ettevõtluse ja Innovatsiooni SihtasutusMuu81 €12.01.2018
Ettevõtluse ja Innovatsiooni SihtasutusMuu69 €31.03.2017
Ettevõtluse ja Innovatsiooni SihtasutusMuu170 €03.05.2016
Ettevõtluse ja Innovatsiooni SihtasutusMuu144 €04.02.2016
Ettevõtluse ja Innovatsiooni SihtasutusMuu125 €20.01.2016
Ettevõtluse ja Innovatsiooni SihtasutusMuu97 €30.09.2015
Ettevõtluse ja Innovatsiooni SihtasutusMuu203 €26.08.2015
Ettevõtluse ja Innovatsiooni SihtasutusMuu51 €01.04.2015
Ettevõtluse ja Innovatsiooni SihtasutusMuu328 €01.04.2015

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.

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