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osaühing Finak

Legal form:

Private limited company

Registry code:

10240596

VAT no.:

EE100013382

Fiscal-year period:

01.01 - 31.12

Established:

11.07.1997 (28)

Former business names:

AS FINAK

Capital:

25 600 EUR

Address:

Nõva tn 2-61, Tartu linn, Tartu linn, Tartu maakond, 50104

Status:

Registered

Contacts

Email:

info@finak.ee

Phone:

+372 5166358

Phone:

+372 53422113

Industries

MANUFACTURING
Wood processing and manufacture of wood and cork products, except furniture; manufacture of articles of straw and plaiting materials
Manufacture of products of wood, cork, straw and plaiting materials
Manufacture of builders’ carpentry and joinery
16231 - Manufacture of prefabricated wooden buildings and elements

VAT liability

	Start	End
EE100013382	01.01.1994

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	Due date 30.06.2026
2024	01.01.2024 - 31.12.2024	25.06.2025	Valid
2023	01.01.2023 - 31.12.2023	26.06.2024	Valid
2022	01.01.2022 - 31.12.2022	14.06.2023	Valid
2021	01.01.2021 - 31.12.2021	17.03.2022	Valid
2020	01.01.2020 - 31.12.2020	12.03.2021	Valid
2019	01.01.2019 - 31.12.2019	03.03.2020	Valid
2018	01.01.2018 - 31.12.2018	23.04.2019	Valid
2017	01.01.2017 - 31.12.2017	07.05.2018	Valid
2016	01.01.2016 - 31.12.2016	24.04.2017	Valid
2015	01.01.2015 - 31.12.2015	05.04.2016	Valid
2014	01.01.2014 - 31.12.2014	14.04.2015	Valid
2013	01.01.2013 - 31.12.2013	03.04.2014	Valid
2012	01.01.2012 - 31.12.2012	27.02.2013	Valid
2011	01.01.2011 - 31.12.2011	17.03.2012	Valid
2010	01.01.2010 - 31.12.2010	14.04.2011	Valid
2009	01.01.2009 - 31.12.2009	12.05.2010	Valid
2008	01.01.2008 - 31.12.2008	20.05.2009	Valid
2007	01.01.2007 - 31.12.2007	21.05.2008	Valid
2006	01.01.2006 - 31.12.2006	08.05.2007	Valid
2005	01.01.2005 - 31.12.2005	14.06.2006	Valid
2004	01.01.2004 - 31.12.2004	21.06.2005	Valid
2003	01.01.2003 - 31.12.2003	17.06.2004	Valid
2002	01.01.2002 - 31.12.2002	20.06.2003	Valid
2001	01.01.2001 - 31.12.2001	27.06.2002	Valid
2000	01.01.2000 - 31.12.2000	21.06.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 03.06.2026.

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	1 079 €	0 €	17 339 €113.4%	-
Kokku 2026:	1 079 €	0 €	17 339 €
2025 Q4	236 €	0 €	8 124 €89.3%	-
2025 Q3	31 680 €	33 185 €	75 886 €14.2%	-
2025 Q2	17 939 €	19 502 €	88 415 €144.1%	9
2025 Q1	23 445 €	25 287 €	36 217 €55.7%	19
Kokku 2025:	73 300 €	77 974 €	208 642 €38.9%
2024 Q4	22 929 €	24 780 €	81 739 €8.9%	19
2024 Q3	24 968 €	26 830 €	89 719 €40.2%	20
2024 Q2	18 799 €	20 209 €	64 011 €39.5%	18
2024 Q1	27 927 €	29 859 €	105 836 €19.0%	19
Kokku 2024:	94 623 €	101 678 €	341 305 €19.2%
2023 Q4	28 410 €	30 235 €	130 685 €26.8%	20
2023 Q3	30 751 €	32 978 €	103 038 €63.2%	23
2023 Q2	27 850 €	30 159 €	63 118 €49.8%	26
2023 Q1	29 744 €	31 905 €	125 636 €7.7%	29
Kokku 2023:	116 755 €	125 276 €	422 478 €26.0%
2022 Q4	32 126 €	34 454 €	116 671 €24.6%	26
2022 Q3	29 088 €	31 254 €	154 746 €8.9%	28
2022 Q2	26 739 €	28 646 €	169 856 €30.8%	28
2022 Q1	26 342 €	28 070 €	129 884 €22.3%	30
Kokku 2022:	114 296 €	122 424 €	571 156 €0.0%
2021 Q4	27 893 €	29 944 €	167 145 €5.1%	29
2021 Q3	29 533 €	29 867 €	159 089 €6.1%	30
2021 Q2	30 191 €	29 631 €	149 931 €58.2%	29
2021 Q1	24 786 €	26 620 €	94 788 €53.7%	30
Kokku 2021:	112 403 €	116 062 €	570 953 €16.7%
2020 Q4	28 022 €	28 134 €	204 549 €9.6%	30
2020 Q3	25 237 €	25 194 €	226 379 €56.5%	30
2020 Q2	22 198 €	24 000 €	144 678 €32.0%	30
2020 Q1	34 651 €	30 705 €	109 581 €40.8%	32
Kokku 2020:	110 108 €	108 033 €	685 187 €4.7%
2019 Q4	27 716 €	29 508 €	184 964 €22.0%	31
2019 Q3	31 359 €	32 390 €	151 567 €22.7%	32
2019 Q2	29 907 €	30 888 €	195 996 €5.0%	31
2019 Q1	38 450 €	31 690 €	186 626 €12.4%	35
Kokku 2019:	127 432 €	124 476 €	719 153 €7.2%
2018 Q4	24 657 €	26 942 €	213 125 €7.1%	33
2018 Q3	27 798 €	27 824 €	229 416 €2.7%	33
2018 Q2	17 957 €	25 106 €	223 406 €104.9%	32
2018 Q1	26 759 €	29 025 €	109 012 €31.5%	32
Kokku 2018:	97 171 €	108 897 €	774 959 €23.2%
2017 Q4	30 206 €	32 645 €	159 243 €13.3%	28
2017 Q3	32 777 €	32 636 €	183 656 €40.7%	29
2017 Q2	30 870 €	33 408 €	130 542 €16.2%	28
2017 Q1	42 256 €	36 982 €	155 822 €20.5%	31
Kokku 2017:	136 109 €	135 671 €	629 263 €19.3%
2016 Q4	37 688 €	40 387 €	195 914 €0.8%	33
2016 Q3	38 418 €	40 705 €	197 456 €0.4%	33
2016 Q2	38 153 €	40 881 €	198 313 €5.7%	33
2016 Q1	36 214 €	38 681 €	187 639 €10.3%	33
Kokku 2016:	150 473 €	160 654 €	779 322 €4.9%
2015 Q4	40 040 €	39 012 €	209 144 €5.9%	1
2015 Q3	34 388 €	36 823 €	197 412 €21.8%	1
2015 Q2	28 602 €	30 243 €	162 133 €6.8%	1
2015 Q1	30 582 €	32 441 €	173 918 €	1
Kokku 2015:	133 612 €	138 519 €	742 607 €

Revenue by industry

	2022	2023	2024
Manufacture of wooden doors, windows, shutters and their frames (incl. gates)	734 969 €	626 386 €	442 894 €

Tax debts

No tax debt found

No tax debt as of 03.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Tapio Kalevi Kurhela	35409XXXXXX	12.09.1954 (71)	Board member	05.05.2022	-
Teuvo Kullervo Kurhela	34512XXXXXX	02.12.1945 (80)	Board member	31.05.2017	-

4 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
Tapio Kalevi Kurhela	35409XXXXXX	12.09.1954 (71)	Shareholder	12 800,00 EUR	50	Sole ownership	01.09.2023	-
Teuvo Kullervo Kurhela	34512XXXXXX	02.12.1945 (80)	Shareholder	12 800,00 EUR	50	Sole ownership	01.09.2023	-

8 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
No results found

4 inactive record hidden, extended access to the information portal is required to view history!

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Tapio Kalevi Kurhela	35409XXXXXX	12.09.1954 (71)	Direct holding	29.10.2018	-
Teuvo Kullervo Kurhela	34512XXXXXX	02.12.1945 (80)	Direct holding	29.10.2018	-

1 - 2 / 2 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q1

Turnover

Amount

17 339 €

Monthly average

5 780 €

Per employee

0 €

Equity ratio

22,58%

Labour taxes

Turnover ratio

0,00%

Tax ratio

0,00%

Monthly average

0 €

Per employee

0 €

State taxes

Monthly average

360 €

Turnover ratio

6,22%

Estimated salary

Gross salary

0 €

Net salary

0 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	244 220 €12.7%	216 688 €19.6%	269 381 €7.5%	250 502 €5.1%	238 315 €11.0%	267 629 €
Non-current assets	14 284 €0.2%	14 310 €2.1%	14 620 €2.5%	14 998 €14.2%	17 483 €10.2%	19 465 €
Total assets	258 504 €11.9%	230 998 €18.7%	284 001 €7.0%	265 500 €3.8%	255 798 €10.9%	287 094 €
Short-term liabilities	242 347 €29.1%	187 762 €6.4%	200 699 €9.5%	183 308 €27.5%	143 728 €3.5%	138 806 €
Long-term liabilities	-	-	-	-	-	-
Total liabilities	242 347 €29.1%	187 762 €6.4%	200 699 €9.5%	183 308 €27.5%	143 728 €3.5%	138 806 €
Share or stock capital	25 600 €	25 600 €	25 600 €	25 600 €	25 600 €	25 600 €
Retained earnings	17 636 €69.4%	57 702 €2.0%	56 592 €34.6%	86 470 €29.5%	122 688 €33.2%	183 646 €
Net profit	-27 079 €32.4%	-40 066 €3 709.5%	1 110 €103.7%	-29 878 €17.5%	-36 218 €40.6%	-60 958 €
Equity	16 157 €62.6%	43 236 €48.1%	83 302 €1.4%	82 192 €26.7%	112 070 €24.4%	148 288 €
Turnover	442 894 €29.3%	626 386 €14.8%	734 969 €14.1%	644 257 €2.9%	626 279 €5.7%	664 260 €
Profit margin	-6.11%4.4%	-6.40%4 335.3%	0.15%103.3%	-4.64%19.8%	-5.78%37.0%	-9.18%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-YX JZV	-SN HAW	P PYG	-27 393	-32 997
Liquidity
Current ratio	L.N	C.T	G.I	1.4	1.7
Quick ratio	U.I	Y.L	Q.D	0.6	0.6
Cash ratio	O.D	Z.G	R.X	0.1	0.5
Efficiency
Days sales outstanding (dso)	UG.M	FB.T	NP.Q	26.3	7.1
Asset turnover	F.S	X.B	N.R	2.5	2.3
Structure
Debt ratio	F.S	O.H	N.T	0.7	0.6
Profitability
Operating margin	-L.V%	-T.I%	P.H%	-4.6%	-5.8%
Net profit margin	-K.U%	-R.K%	F.Z%	-4.6%	-5.8%
Return on assets (roa)	-SI.H%	-DR.R%	O.F%	-11.5%	-13.3%
Return on equity (roe)	-XSB.P%	-BX.I%	F.Y%	-36.4%	-32.3%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 20006626 / 14	19.03.2026	Entry - Amendment entry		Entered into force (19.03.2026)
Ä 20006626 / 13	04.03.2026	Entry - Amendment entry		Entered into force (04.03.2026)
Ä 20006626 / M2	04.03.2026	Order to remedy deficiencies - Amendment entry	20.03.2026	Deficiencies remedied (19.03.2026)
Ä 20006626 / 12	01.09.2023	Entry - Amendment entry		Entered into force (01.09.2023)
Ä 20006626 / 11	05.05.2022	Entry - Amendment entry		Entered into force (05.05.2022)

1 - 5 / 14 rows

Real estate

Address	Area	Purpose
Nõva tn 2, Tartu linn, Tartu linn, Tartu maakond	4138 m²	Residential land 100%
Võibki, Kärkna küla, Tartu vald, Tartu maakond	3447 m²	Residential land 100%

1 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date
2-24-100817/29	Civil case	Court ruling	Law of obligations	Kersti Kerstna-Vaks	ECLI:EE:TRRK:2024:2.24.100817.13140	22.08.2024
2-13-49178/23	Civil case	Court judgment	Labour law	Andra Pärsimägi, Üllar Roostoja, Viivi Tomson	ECLI:EE:TRRK:2015:2.13.49178.15081	15.06.2015
3-2-1-172-14	Civil case	Court judgment			ECLI:EE:RK:2015:3.2.1.172.14.445	25.02.2015
2-13-49178/10	Civil case	Court judgment	Labour law	Lea Aavastik	ECLI:EE:TMK:2014:2.13.49178.4352	10.02.2014
2-06-13901/25	Civil case	Court judgment	Law of obligations	Mare Merimaa, Malle Seppik, Iko Nõmm	ECLI:EE:TLRK:2008:2.06.13901.44897	18.11.2008

1 - 5 / 5 rows

Official announcements

Subject	Date
Environmental-permit notices	21.11.2013
Environmental-permit notices	06.11.2013
Environmental-permit notices	08.10.2013

1 - 3 / 3 rows

Public transactions

Date	Party	Amount	Classification
10.03.2022	Eesti Töötukassa	200.00 € Received	OTHER GRANTS Social protection of the unemployed
10.02.2022	Eesti Töötukassa	290.00 € Received	OTHER GRANTS Social protection of the unemployed
11.01.2022	Eesti Töötukassa	475.00 € Received	OTHER GRANTS Social protection of the unemployed
07.12.2021	Eesti Töötukassa	380.00 € Received	OTHER GRANTS Social protection of the unemployed
11.11.2021	Tartu Vallavalitsus	1 530.00 € Received	OPERATING EXPENSES School meals

1 - 5 / 13 rows

.ee domains

Domain	Status	Registered	Expires	End
finak.ee	Active	11.06.2015	12.06.2027	-
kurhela.ee	Active	04.07.2010	17.12.2026	-

1 - 2 / 2 rows

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders