VELES TRADE OÜRegistered
Qualified audit opinion. 2025 report: Qualified.
Key figures
8 548 304 €−7,9%
Revenue 2025
+67,9%
Average annual growth 2019–2025
Ratios
20254,0%
Profit margin
88,9%
Equity ratio
9,0×
Current ratio
15,5%
Return on equity
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 2 437 137 € | — | — |
| Q1 2026 | 2 952 152 € | — | — |
| Q4 2025 | 2 765 227 € | — | — |
| Q3 2025 | 2 802 999 € | — | 0 € |
| Q2 2025 | 2 102 849 € | — | — |
| Q1 2025 | 2 210 261 € | — | — |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 60 176 € (3% of distributable profit).
History
202560 176 €
202431 900 €
202311 000 €
202220 000 €
20210 €
20200 €
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 | 173 825 | 192 497 | 323 837 | 1 080 611 | 1 507 211 | 2 196 099 | 2 452 590 |
| Total non-current assets | — | — | — | — | — | — | — |
| Total assets | 173 825 | 192 497 | 323 837 | 1 080 611 | 1 507 211 | 2 196 099 | 2 452 590 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 118 454 | 27 096 | 80 556 | 636 765 | 363 153 | 294 965 | 272 971 |
| Non-current liabilities | — | 31 000 | 0 | — | — | — | — |
| Total liabilities | 118 454 | 58 096 | 80 556 | 636 765 | 363 153 | 294 965 | 272 971 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | — | 52 871 | 131 901 | 220 781 | 430 346 | 1 109 658 | 1 838 458 |
| Profit for the year | 52 871 | 79 030 | 108 880 | 220 565 | 711 212 | 788 976 | 338 661 |
| Total equity | 55 371 | 134 401 | 243 281 | 443 846 | 1 144 058 | 1 901 134 | 2 179 619 |
| Income statement | |||||||
| Sales revenue | 381 893 | 713 842 | 981 476 | 2 651 460 | 6 750 817 | 9 276 810 | 8 548 304 |
| Operating profit | 53 108 | 79 769 | 108 793 | 223 905 | 726 217 | 796 064 | 362 621 |
| Profit before income tax | 52 871 | 79 030 | 108 880 | 225 565 | 713 381 | 796 050 | 355 634 |
| Profit for the reporting year | 52 871 | 79 030 | 108 880 | 220 565 | 711 212 | 788 976 | 338 661 |
| Labour costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation of non-current assets | — | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | — | 0 | 0 | 20 000 | 11 000 | 31 900 | 60 176 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Related companies
Same activity — Non-specialised wholesale trade