WELEMENT AS
RegisteredKey figures
Ratios
2025Summary: WELEMENT AS
What kind of company is it?
WELEMENT AS (registry code 12892498) is a public limited company (AS). The company was entered in the Commercial Register in 2015 and has been registered for 11 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is manufacture of prefabricated wooden buildings and their components (EMTAK 16231). The company is registered for VAT (VAT number EE101810982).
How is the company doing financially?
Revenue in financial year 2025 was 7 420 396 €, up 348% on the previous year (1 656 434 €). From 2019 to 2025, revenue grew by an average of 10,1% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 658 128 € (8,9% of revenue). The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 34 employees (26 a year earlier). Revenue per employee was 218 247 €. At the end of financial year 2025, total assets were 5 976 096 € and equity 4 042 482 € (67,6% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 1 396 486 €, down 6,7% on the same quarter a year earlier. The company had 39 employees in that quarter. Labour taxes paid in the quarter: 165 361 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2620 € per month.
Who runs the company and who owns it?
The company has one management board member. The supervisory board has 3 members.
What should you look out for?
In the report for financial year 2024, the auditor pointed to a material uncertainty about the company's ability to continue as a going concern.
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. The LEI code (984500A03AE9A9A56J79) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 1 396 486 € | 39 | 165 361 € |
| Q2 2026 | 1 353 004 € | 40 | 138 756 € |
| Q1 2026 | 529 726 € | 36 | 157 270 € |
| Q4 2025 | 942 135 € | 40 | 160 832 € |
| Q3 2025 | 1 496 762 € | 36 | 135 097 € |
| Q2 2025 | 1 460 542 € | 32 | 120 494 € |
| Q1 2025 | 564 745 € | 28 | 102 249 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 4 440 473 | 5 727 657 | 4 571 374 | 1 656 434 | 7 420 396 |
| Net profit | 4187 | 220 082 | 57 549 | −1 451 646 | 658 128 |
| Retained earnings | −1 651 338 | −1 647 151 | −1 427 069 | −1 369 520 | −2 821 166 |
| Total assets | 5 887 019 | 6 192 201 | 5 712 327 | 4 981 345 | 5 976 096 |
| Total liabilities | 5 509 170 | 5 594 270 | 5 056 847 | 1 596 991 | 1 933 614 |
| Total equity | 377 849 | 597 931 | 655 480 | 3 384 354 | 4 042 482 |
| Employees | 34 | 36 | 30 | 26 | 34 |
| Average gross salary (monthly) | 1672 | 1707 | 2140 | 2325 | 2311 |
| Calculated dividend | 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 note6 clear
Data from public registers, not a credit rating.
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State aid and grants
11 recordsState aid and de minimis aid in total 65 705 € (2017–2024). Largest grantors: Elering AS (34 500 €), Ettevõtluse ja Innovatsiooni Sihtasutus (28 849 €), Eesti Töötukassa (2356 €).
Show all aid records (11)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 16 281 € | 27.11.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 9818 € | 28.11.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 1573 € | 03.10.2022 |
| Eesti Töötukassa | Koolitus VTA | 1089 € | 02.08.2021 |
| Eesti Töötukassa | Koolitus VTA | 1080 € | 30.07.2021 |
| Eesti Töötukassa | Palgatoetus VTA | 187 € | 24.03.2021 |
| Elering AS | Tegevusabi taastuvallikatest toodetud energia edendamiseks väikekäitistes (artikkel 43) | 34 500 € | 29.12.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 33 € | 18.11.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 44 € | 05.08.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Koolitus VTA | 0 € | 13.03.2019 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Nõustamine VTA | 1100 € | 27.11.2017 |
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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