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AS Palmako

Legal form:

Public limited company

Registry code:

10301984

VAT no.:

EE100040546

Fiscal-year period:

01.01 - 31.12

Established:

03.11.1997 (28)

Former business names:

AS PALMAKO EHITUS

Capital:

81 728 EUR

Address:

Näituse tn 25, Tartu linn, Tartu linn, Tartu maakond, 50409

Status:

Registered

Contacts

Email:

lemeks@lemeks.ee

Phone:

+372 7355530

Website:

https://palmako.ee

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 veneer sheets and wood-based panels
16219 - Manufacture of other wood-based panels
Manufacture of builders’ carpentry and joinery
16231 - Manufacture of prefabricated wooden buildings and elements
Sawing and planing of wood; wood processing and finishing
16111 - Sawing and planing of wood

VAT liability

	Start	End
EE100040546	01.12.1997

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	30.06.2025	Valid
2023	01.01.2023 - 31.12.2023	30.06.2024	Valid
2022	01.01.2022 - 31.12.2022	30.06.2023	Valid
2021	01.01.2021 - 31.12.2021	30.06.2022	Valid
2020	01.01.2020 - 31.12.2020	30.06.2021	Valid
2019	01.01.2019 - 31.12.2019	31.10.2020	Valid
2018	01.01.2018 - 31.12.2018	30.06.2019	Valid
2017	01.01.2017 - 31.12.2017	30.06.2018	Valid
2016	01.01.2016 - 31.12.2016	30.06.2017	Valid
2015	01.01.2015 - 31.12.2015	30.06.2016	Valid
2014	01.01.2014 - 31.12.2014	30.06.2015	Valid
2013	01.01.2013 - 31.12.2013	30.06.2014	Valid
2012	01.01.2012 - 31.12.2012	29.06.2013	Valid
2011	01.01.2011 - 31.12.2011	02.07.2012	Valid
2010	01.01.2010 - 31.12.2010	30.06.2011	Valid
2009	01.01.2009 - 31.12.2009	29.06.2010	Valid
2008	01.01.2008 - 31.12.2008	30.06.2009	Valid
2007	01.01.2007 - 31.12.2007	26.06.2008	Valid
2006	01.01.2006 - 31.12.2006	02.07.2007	Valid
2005	01.01.2005 - 31.12.2005	29.06.2006	Valid
2004	01.01.2004 - 31.12.2004	28.06.2005	Valid
2003	01.01.2003 - 31.12.2003	27.05.2004	Valid
2002	01.01.2002 - 31.12.2002	20.06.2003	Valid
2001	01.01.2001 - 31.12.2001	02.07.2002	Valid
2000	01.01.2000 - 31.12.2000	17.07.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 04.06.2026.

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Hidden

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	1 015 679 €	1 415 947 €	18 482 260 €19.4%	406
Kokku 2026:	1 015 679 €	1 415 947 €	18 482 260 €
2025 Q4	665 565 €	1 408 322 €	22 926 737 €4.4%	387
2025 Q3	1 261 586 €	1 574 430 €	23 979 685 €26.9%	386
2025 Q2	976 354 €	1 340 431 €	32 795 888 €80.6%	388
2025 Q1	806 004 €	1 181 736 €	18 159 288 €8.8%	375
Kokku 2025:	3 709 509 €	5 504 919 €	97 861 598 €16.9%
2024 Q4	1 472 811 €	1 078 898 €	19 906 452 €1.0%	326
2024 Q3	1 076 970 €	1 225 191 €	20 102 720 €28.9%	322
2024 Q2	760 123 €	1 114 188 €	28 276 719 €83.0%	332
2024 Q1	625 968 €	1 033 731 €	15 455 156 €8.0%	328
Kokku 2024:	3 935 872 €	4 452 008 €	83 741 047 €17.9%
2023 Q4	650 012 €	962 809 €	14 303 711 €31.5%	302
2023 Q3	1 510 018 €	1 245 681 €	20 874 043 €6.3%	307
2023 Q2	540 514 €	1 033 340 €	22 278 774 €64.0%	332
2023 Q1	947 308 €	1 040 210 €	13 588 172 €21.4%	334
Kokku 2023:	3 647 852 €	4 282 040 €	71 044 700 €33.2%
2022 Q4	654 045 €	949 101 €	17 290 740 €23.1%	333
2022 Q3	1 174 652 €	1 393 429 €	22 474 697 €48.6%	351
2022 Q2	0 €	1 286 138 €	43 709 303 €91.7%	433
2022 Q1	528 613 €	1 204 402 €	22 805 748 €26.7%	468
Kokku 2022:	2 357 310 €	4 833 071 €	106 280 488 €3.0%
2021 Q4	0 €	1 135 998 €	31 115 595 €21.8%	450
2021 Q3	255 473 €	1 270 855 €	25 541 535 €25.0%	468
2021 Q2	151 422 €	1 241 435 €	34 059 914 €80.2%	485
2021 Q1	217 864 €	1 087 743 €	18 901 013 €0.5%	473
Kokku 2021:	624 759 €	4 736 032 €	109 618 057 €35.4%
2020 Q4	367 501 €	978 495 €	18 810 402 €21.0%	431
2020 Q3	512 524 €	1 030 206 €	23 810 207 €4.8%	415
2020 Q2	373 384 €	880 889 €	25 011 386 €87.5%	420
2020 Q1	447 505 €	915 320 €	13 342 774 €15.1%	417
Kokku 2020:	1 700 914 €	3 804 910 €	80 974 769 €13.3%
2019 Q4	341 016 €	874 383 €	15 721 581 €22.2%	391
2019 Q3	506 385 €	1 022 771 €	20 210 434 €11.0%	436
2019 Q2	224 285 €	935 749 €	22 707 388 €76.9%	424
2019 Q1	240 550 €	888 013 €	12 837 250 €29.6%	423
Kokku 2019:	1 312 236 €	3 720 916 €	71 476 653 €5.3%
2018 Q4	0 €	830 093 €	18 228 875 €16.0%	414
2018 Q3	25 238 €	902 161 €	21 694 967 €2.4%	437
2018 Q2	0 €	809 039 €	22 231 385 €66.6%	391
2018 Q1	0 €	716 595 €	13 342 979 €10.2%	389
Kokku 2018:	25 238 €	3 257 888 €	75 498 206 €13.3%
2017 Q4	0 €	694 880 €	14 854 864 €19.1%	367
2017 Q3	171 642 €	809 826 €	18 351 748 €19.1%	357
2017 Q2	0 €	669 987 €	22 694 523 €110.9%	365
2017 Q1	38 245 €	655 813 €	10 762 717 €2.3%	343
Kokku 2017:	209 887 €	2 830 506 €	66 663 852 €40.0%
2016 Q4	0 €	576 169 €	11 016 564 €17.4%	324
2016 Q3	0 €	697 913 €	13 344 351 €9.4%	324
2016 Q2	-94 293 €	637 893 €	12 196 758 €10.1%	324
2016 Q1	94 293 €	579 252 €	11 075 515 €7.2%	324
Kokku 2016:	0 €	2 491 227 €	47 633 188 €6.5%
2015 Q4	0 €	484 358 €	10 332 770 €17.8%	391
2015 Q3	0 €	589 269 €	12 570 829 €13.4%	391
2015 Q2	0 €	519 690 €	11 086 510 €3.3%	391
2015 Q1	0 €	503 204 €	10 734 818 €	391
Kokku 2015:	0 €	2 096 521 €	44 724 927 €

Revenue by industry

	2022	2023	2024
Manufacture of prefabricated wooden buildings and elements			37 297 948 €
Manufacture of other wood-based panels	20 952 082 €	18 006 050 €	18 720 628 €
Sawing and planing of wood			10 280 666 €
Manufacture of prefabricated wooden buildings (saunas, holiday cottages, houses) and elements	50 845 864 €	34 539 572 €
Manufacture of other wood products, incl. wood chips, wood wool etc.	13 325 625 €	10 481 764 €

Tax debts

No tax debt found

No tax debt as of 04.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Rain Raudsepp	37709XXXXXX	28.09.1977 (48)	Board member	22.03.2024	-

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

1 - 1 / 1 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
AS Lemeks	-	16.04.1997 (29)	Shareholder	68 160,00 EUR	83,4	Sole ownership	05.12.2025	-
OÜ Rainman Arendus	-	21.06.2005 (20)	Shareholder	10 368,00 EUR	12,69	Sole ownership	05.12.2025	-

27 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
Margo Lemetti	37402XXXXXX	26.02.1974 (52)	Supervisory-board member	23.09.2025	-
Karmo Piikmann	38602XXXXXX	18.02.1986 (40)	Supervisory-board member	02.09.2025	-
Kpmg Baltics Oü	-	-	Audit firm	05.09.2023	-
Jüri Külvik	36510XXXXXX	30.10.1965 (60)	Chairman of the supervisory board	27.01.2023	-
Timo Hermlin	38101XXXXXX	03.01.1981 (45)	Supervisory-board member	23.12.2022	-

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

1 - 5 / 6 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Jüri Külvik	36510XXXXXX	30.10.1965 (60)	Indirect holding	26.10.2018	-

1 - 1 / 1 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
OÜ Palmako Pellet	11.11.2011	Shareholder	2 500,00 EUR	100	Sole ownership	01.09.2023	-

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

1 - 1 / 1 rows

2026 Q1

Turnover

Amount

18 482 260 €

Monthly average

6 160 753 €

Per employee

15 174 €

Equity ratio

7 538,12%

Labour taxes

Turnover ratio

7,66%

Tax ratio

139,41%

Monthly average

471 982 €

Per employee

1 190 €

State taxes

Monthly average

338 560 €

Turnover ratio

5,50%

Estimated salary

Gross salary

2 246 €

Net salary

1 815 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	29 866 784 €9.6%	33 034 832 €9.8%	36 628 068 €16.3%	31 495 768 €15.3%	27 323 000 €19.5%	22 873 814 €
Non-current assets	24 783 116 €1.6%	24 396 876 €5.4%	25 776 320 €2.3%	25 208 566 €1.0%	24 947 740 €2.3%	24 392 996 €
Total assets	54 649 900 €4.8%	57 431 708 €8.0%	62 404 388 €10.1%	56 704 336 €8.5%	52 270 736 €10.6%	47 266 812 €
Short-term liabilities	16 108 530 €34.7%	11 959 220 €5.9%	12 703 377 €19.2%	15 729 805 €50.6%	10 445 654 €9.4%	9 552 236 €
Long-term liabilities	1 762 233 €17.9%	2 146 540 €55.4%	4 810 343 €20.7%	6 067 909 €17.7%	7 373 511 €8.9%	8 089 958 €
Total liabilities	17 870 763 €26.7%	14 105 760 €19.5%	17 513 720 €19.7%	21 797 714 €22.3%	17 819 165 €1.0%	17 642 194 €
Share or stock capital	81 728 €	81 728 €	81 728 €	81 728 €	81 728 €	81 728 €
Retained earnings	38 183 871 €10.8%	42 785 586 €30.4%	32 802 860 €8.0%	30 366 973 €2.7%	29 563 819 €6.5%	27 771 357 €
Net profit	-1 486 463 €424.1%	458 634 €96.2%	12 006 080 €169.3%	4 457 919 €7.2%	4 806 025 €171.3%	1 771 531 €
Equity	36 779 136 €15.1%	43 325 948 €3.5%	44 890 668 €28.6%	34 906 620 €1.3%	34 451 572 €16.3%	29 624 616 €
Turnover	68 054 072 €5.2%	64 708 132 €24.5%	85 723 696 €2.7%	88 059 008 €25.7%	70 043 360 €18.6%	59 062 168 €
Profit margin	-2.18%408.2%	0.71%94.9%	14.01%176.7%	5.06%26.2%	6.86%128.8%	3.00%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-	-	-	-	-
Liquidity
Current ratio	X.L	K.K	Q.V	2.0	2.7
Quick ratio	W.E	I.W	D.J	0.5	1.1
Cash ratio	R.W	Z.P	F.L	0.0	0.5
Efficiency
Days sales outstanding (dso)	-	-	-	-	-
Asset turnover	-	-	-	-	-
Structure
Debt ratio	O.O	T.J	R.Q	0.4	0.3
Profitability
Operating margin	-	-	-	-	-
Net profit margin	-	-	-	-	-
Return on assets (roa)	H.Y%	J.V%	E.H%	0.0%	0.0%
Return on equity (roe)	P.J%	J.K%	I.O%	0.0%	0.0%

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Licences & notices

Type	Number	Field	Status	Start	End
License	SLM22/4612	Frequency licences > Joint frequency licence	Valid	28.07.2022	27.07.2023

1 - 1 / 1 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 20009654 / 29	22.03.2024	Entry - Amendment entry		Entered into force (22.03.2024)
Ä 20009654 / 28	19.03.2024	Entry - Amendment entry under NSPA § 595¹ (1)		Entered into force (19.03.2024)
Ä 20009654 / M13	12.03.2024	Order to remedy deficiencies - Amendment entry under NSPA § 595¹ (1)	17.04.2024	Deficiencies remedied (19.03.2024)
Ä 20009654 / 27	27.01.2023	Entry - Amendment entry		Entered into force (27.01.2023)
Ä 20009654 / M12	28.12.2022	Order to remedy deficiencies - Amendment entry	27.01.2023	Deficiencies remedied (27.01.2023)

1 - 5 / 41 rows

Real estate

Address	Area	Purpose
Jõgeva mnt 29, Põltsamaa linn, Põltsamaa vald, Jõgeva maakond	37651 m²	Industrial land 100%
Jõgeva mnt 29d, Põltsamaa linn, Põltsamaa vald, Jõgeva maakond	4965 m²	Commercial land 50%, Industrial land 50%
Jõgeva mnt 31, Põltsamaa linn, Põltsamaa vald, Jõgeva maakond	4733 m²	Commercial land 100%
Jõgeva mnt 31a, Põltsamaa linn, Põltsamaa vald, Jõgeva maakond	44168 m²	Commercial land 50%, Industrial land 50%
Kassi, Pauastvere küla, Põltsamaa vald, Jõgeva maakond	2035 m²	Land without designated purpose 100%

1 - 5 / 21 rows

Consumer Disputes Committee decisions

Document no.	Composition	Decision	Date
19-1/24-10177-001	Meelis Pirn	Against the consumer	23.09.2024

1 - 1 / 1 rows

Court decisions

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date	Participants
2-24-15844/6	Civil case	Court ruling (Ruling on refusal to take the matter into proceedings)	Law of obligations	Triin Niinemets	ECLI:EE:TMK:2024:2.24.15844.21868	02.12.2024
1-18-2661/5	Criminal case	Court judgment	Offences against property	Rutt Teeveer	ECLI:EE:TMK:2018:1.18.2661.6197	12.04.2018

1 - 2 / 2 rows

Official announcements

Subject	Date
Notice of alienation of state property	02.10.2020
Notice of conclusion of a public limited company merger agreement	15.08.2018
Notice of alienation of state property	17.02.2017
Notice of conclusion of a public limited company division agreement	26.08.2015
Notice of granting or refusal of an air-pollution permit	04.05.2015

1 - 5 / 14 rows

Public transactions

Date	Party	Amount	Classification
17.04.2026	Türi Vallavalitsus	989.00 € Received	OPERATING EXPENSES Pre-primary education
09.04.2026	Jõgeva Vallavalitsus	575.00 € Received	OPERATING EXPENSES Basic and general secondary education
13.01.2026	Eesti Töötukassa	605.26 € Received	OTHER GRANTS Social protection of the unemployed
09.12.2025	Eesti Töötukassa	473.04 € Received	OTHER GRANTS Social protection of the unemployed
11.11.2025	Eesti Töötukassa	588.67 € Received	OTHER GRANTS Social protection of the unemployed

1 - 5 / 83 rows

.ee domains

Domain	Status	Registered	Expires	End
palmakogrupp.ee	Active	31.08.2020	01.09.2026	-
palmakogroup.ee	Active	31.08.2020	01.09.2026	-
prebuilt.ee	Active	12.05.2017	13.05.2027	-
nordstruct.ee	Active	11.05.2017	12.05.2027	-
construct.ee	Active	11.05.2017	12.05.2027	-

1 - 5 / 9 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