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Tallinna Elektrotehnika Tehas "Estel" AS

Legal form:

Public limited company

Registry code:

10668696

VAT no.:

EE100617212

Fiscal-year period:

01.01 - 31.12

Established:

25.04.2000 (26)

Former business names:

ESTEL AKTSIASELTS, ESTEL ELEKTRO AKTSIASELTS

Capital:

1 000 020 EUR

Address:

Kuuli tn 6, Lasnamäe linnaosa, Tallinn, Harju maakond, 13619

Status:

Registered

Contacts

Email:

estel@tet-estel.com

Phone:

+372 6228300

Website:

www.tet-estel.com

Industries

MANUFACTURING
Manufacture of electrical equipment
Manufacture of electric motors, generators, transformers and distribution and control apparatus
27111 - Manufacture of electric motors, generators and transformers
27121 - Manufacture of distribution and control apparatus
Repair, maintenance and installation of machinery and equipment
33201 - Installation of industrial machinery and equipment
WHOLESALE AND RETAIL TRADE
Wholesale trade
Wholesale of other machinery, equipment and accessories
Wholesale of other machinery and equipment
46643 - Wholesale of electrical materials, supplies and equipment, incl. cables

VAT liability

	Start	End
EE100617212	01.06.2000

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	17.07.2024	Valid
2022	01.01.2022 - 31.12.2022	28.06.2023	Valid
2021	01.01.2021 - 31.12.2021	22.06.2022	Valid
2020	01.01.2020 - 31.12.2020	13.08.2021	Valid
2019	01.01.2019 - 31.12.2019	10.08.2020	Valid
2018	01.01.2018 - 31.12.2018	26.07.2019	Valid
2017	01.01.2017 - 31.12.2017	16.07.2018	Valid
2016	01.01.2016 - 31.12.2016	23.10.2017	Valid
2015	01.01.2015 - 31.12.2015	10.08.2016	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	18.06.2013	Valid
2011	01.01.2011 - 31.12.2011	29.06.2012	Valid
2010	01.01.2010 - 31.12.2010	19.07.2011	Valid
2010	01.01.2010 - 31.12.2010	30.06.2011	Expired
2009	01.01.2009 - 31.12.2009	29.06.2010	Valid
2008	01.01.2008 - 31.12.2008	01.07.2009	Valid
2007	01.01.2007 - 31.12.2007	30.06.2008	Valid
2006	01.01.2006 - 31.12.2006	06.07.2007	Valid
2005	01.01.2005 - 31.12.2005	07.07.2006	Valid
2004	01.01.2004 - 31.12.2004	14.07.2005	Valid
2003	01.01.2003 - 31.12.2003	02.07.2004	Valid
2002	01.01.2002 - 31.12.2002	01.09.2003	Valid
2001	01.01.2001 - 31.12.2001	28.06.2002	Valid
2000	01.01.2000 - 31.12.2000	28.06.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 11.06.2026.

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	195 579 €	188 368 €	289 107 €27.6%	67
Kokku 2026:	195 579 €	188 368 €	289 107 €
2025 Q4	200 417 €	192 839 €	399 315 €19.6%	65
2025 Q3	201 845 €	201 547 €	496 829 €27.6%	66
2025 Q2	196 176 €	200 252 €	686 053 €37.8%	68
2025 Q1	210 489 €	200 462 €	1 103 127 €107.1%	66
Kokku 2025:	808 927 €	795 100 €	2 685 324 €7.9%
2024 Q4	193 213 €	192 101 €	532 725 €31.2%	67
2024 Q3	196 536 €	203 647 €	406 114 €55.0%	70
2024 Q2	216 187 €	222 447 €	903 283 €39.8%	72
2024 Q1	222 333 €	214 381 €	646 003 €54.5%	76
Kokku 2024:	828 269 €	832 576 €	2 488 125 €60.0%
2023 Q4	232 157 €	219 661 €	1 419 937 €1 862.0%	84
2023 Q3	364 576 €	299 685 €	72 372 €97.8%	86
2023 Q2	349 085 €	329 196 €	3 342 692 €141.8%	88
2023 Q1	259 316 €	213 892 €	1 382 202 €55.8%	87
Kokku 2023:	1 205 134 €	1 062 434 €	6 217 203 €35.7%
2022 Q4	292 052 €	224 074 €	3 127 119 €27.0%	84
2022 Q3	888 588 €	302 826 €	2 462 573 €15.6%	87
2022 Q2	300 016 €	232 109 €	2 129 752 €9.2%	85
2022 Q1	333 967 €	277 584 €	1 950 885 €42.0%	105
Kokku 2022:	1 814 623 €	1 036 592 €	9 670 329 €42.0%
2021 Q4	327 498 €	269 204 €	3 364 761 €18.0%	115
2021 Q3	430 252 €	265 832 €	4 101 643 €22.7%	119
2021 Q2	402 357 €	267 000 €	5 308 482 €35.9%	117
2021 Q1	358 487 €	302 345 €	3 906 334 €13.0%	129
Kokku 2021:	1 518 595 €	1 104 380 €	16 681 220 €24.2%
2020 Q4	422 104 €	270 433 €	4 492 373 €20.8%	139
2020 Q3	289 434 €	209 970 €	3 719 994 €9.5%	122
2020 Q2	236 125 €	181 692 €	3 398 532 €87.2%	91
2020 Q1	209 630 €	203 193 €	1 815 207 €63.9%	86
Kokku 2020:	1 157 293 €	865 289 €	13 426 107 €41.3%
2019 Q4	185 552 €	158 574 €	5 025 836 €722.8%	90
2019 Q3	178 827 €	170 848 €	610 824 €63.5%	99
2019 Q2	219 801 €	194 475 €	1 674 783 €23.4%	95
2019 Q1	186 957 €	164 713 €	2 187 627 €115.9%	86
Kokku 2019:	771 137 €	688 610 €	9 499 070 €139.3%
2018 Q4	149 155 €	138 460 €	1 013 484 €23.4%	76
2018 Q3	146 889 €	146 892 €	1 323 275 €25.3%	60
2018 Q2	148 095 €	146 045 €	1 056 082 €83.1%	59
2018 Q1	142 789 €	149 868 €	576 638 €29.8%	61
Kokku 2018:	586 928 €	581 265 €	3 969 479 €30.8%
2017 Q4	151 098 €	142 741 €	821 865 €39.2%	62
2017 Q3	147 650 €	151 913 €	1 350 655 €57.8%	63
2017 Q2	370 584 €	157 488 €	3 198 574 €780.2%	66
2017 Q1	154 963 €	161 278 €	363 398 €43.9%	67
Kokku 2017:	824 295 €	613 420 €	5 734 492 €131.6%
2016 Q4	186 344 €	165 718 €	647 644 €3.3%	76
2016 Q3	155 302 €	160 429 €	626 975 €4.5%	76
2016 Q2	150 000 €	153 451 €	599 704 €0.3%	76
2016 Q1	157 293 €	153 984 €	601 787 €21.0%	76
Kokku 2016:	648 939 €	633 582 €	2 476 110 €29.2%
2015 Q4	187 737 €	187 302 €	761 588 €0.4%	95
2015 Q3	183 936 €	186 618 €	758 809 €13.9%	95
2015 Q2	210 732 €	216 794 €	881 506 €19.5%	95
2015 Q1	274 732 €	269 237 €	1 094 747 €	95
Kokku 2015:	857 137 €	859 951 €	3 496 650 €

Revenue by industry

	2022	2023	2024
Manufacture of distribution and control apparatus	7 213 418 €	4 616 568 €	1 911 342 €
Manufacture of electric motors, generators and transformers	209 318 €	1 185 100 €	837 345 €
Wholesale of electrical materials, supplies and equipment, incl. cables			9 766 €
Installation of industrial machinery and equipment	15 514 €	36 220 €	8 428 €
Wholesale of electrical materials, supplies and equipment, including cables	7 914 €	76 881 €
Operation of warehousing and storage facilities	19 772 €	3 093 €

Tax debts

No tax debt found

No tax debt as of 11.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Vitaly Dyukov	36908XXXXXX	13.08.1969 (56)	Board member	16.04.2020	-

7 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
RAIFFEISEN BANK INTERNATIONAL AG	AT122XXXX	-	Shareholder	1 000 020,00 EUR	100	Sole ownership	27.11.2023	-

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

1 - 1 / 1 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Olev-Andres Tinn	37301XXXXXX	14.01.1973 (53)	Chairman of the supervisory board	30.03.2026	-
Aleksandr Safonov	37501XXXXXX	16.01.1975 (51)	Supervisory-board member	05.05.2023	-
Viktoria Palgi	47509XXXXXX	24.09.1975 (50)	Supervisory-board member	05.05.2023	-
Stella Zdobnõh	46111XXXXXX	20.11.1961 (64)	Audit firm	19.07.2011	-
Stella Zdobnõh	46111XXXXXX	20.11.1961 (64)	Audit firm	10.10.2007	-

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
Jacqueline Nabih	-	-	Right to appoint or remove most executive or governing-body members	26.07.2023	-

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

1 - 1 / 1 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

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

2026 Q1

Turnover

Amount

289 107 €

Monthly average

96 369 €

Per employee

1 438 €

Equity ratio

9,64%

Labour taxes

Turnover ratio

65,16%

Tax ratio

96,31%

Monthly average

62 789 €

Per employee

951 €

State taxes

Monthly average

65 193 €

Turnover ratio

67,65%

Estimated salary

Gross salary

1 844 €

Net salary

1 516 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	7 085 285 €12.4%	8 089 667 €6.2%	8 625 507 €15.6%	10 220 348 €14.9%	8 896 375 €45.3%	6 121 384 €
Non-current assets	2 151 712 €3.1%	2 220 396 €2.0%	2 177 453 €1.3%	2 205 183 €1.1%	2 229 954 €2.1%	2 277 432 €
Total assets	9 236 997 €10.4%	10 310 063 €4.6%	10 802 960 €13.1%	12 425 531 €11.7%	11 126 329 €32.5%	8 398 816 €
Short-term liabilities	5 487 841 €3.5%	5 685 558 €180.0%	2 030 464 €2.0%	1 990 493 €30.5%	2 865 270 €207.5%	931 916 €
Long-term liabilities	33 993 €15.2%	40 095 €1 084.1%	3 386 €45.6%	6 226 €30.9%	9 008 €	-
Total liabilities	5 521 834 €3.6%	5 725 653 €181.5%	2 033 850 €1.9%	1 996 719 €30.5%	2 874 278 €208.4%	931 916 €
Share or stock capital	1 000 020 €	1 000 020 €80.8%	5 218 805 €	5 218 805 €	5 218 805 €	5 218 805 €
Retained earnings	3 584 390 €1.0%	3 550 305 €16.9%	3 036 939 €5.0%	2 892 034 €40.5%	2 058 095 €89.8%	1 084 305 €
Net profit	-869 247 €2 650.2%	34 085 €93.4%	513 366 €77.9%	2 317 973 €137.7%	975 151 €16.2%	1 163 790 €
Equity	3 715 163 €19.0%	4 584 410 €47.7%	8 769 110 €15.9%	10 428 812 €26.4%	8 252 051 €10.5%	7 466 900 €
Turnover	2 766 881 €53.2%	5 917 862 €20.7%	7 465 936 €44.0%	13 337 837 €24.9%	10 677 937 €32.4%	8 065 922 €
Profit margin	-31.42%5 554.5%	0.58%91.6%	6.88%60.4%	17.38%90.3%	9.13%36.7%	14.43%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-FXR NMN	AX PYH	L GLR ORP	2 353 824	1 169 755
Liquidity
Current ratio	I.R	Q.G	Y.X	5.1	3.1
Quick ratio	S.Z	B.I	L.J	3.6	1.7
Cash ratio	V.I	I.K	P.L	2.7	1.0
Efficiency
Days sales outstanding (dso)	LQ.L	NY.C	KC.A	49.4	54.1
Asset turnover	C.B	J.K	Z.I	1.1	1.1
Structure
Debt ratio	J.S	Q.M	U.R	0.2	0.3
Profitability
Operating margin	-YG.N%	-F.D%	FA.T%	17.2%	10.3%
Net profit margin	-WC.A%	E.J%	Z.R%	17.4%	9.1%
Return on assets (roa)	-H.D%	J.D%	K.S%	19.7%	10.0%
Return on equity (roe)	-WM.L%	Z.I%	L.E%	22.2%	11.8%

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Licences & notices

Type	Number	Field	Status	Start	End
Notice of economic activity	TEL003590	- > Electrical works	Valid	19.09.2019	-

1 - 1 / 1 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 10048794 / M13	07.07.2024	Fine-warning order – annual report not filed	06.08.2024	Deficiencies remedied (19.07.2024)
Ä 10048794 / 22	20.11.2023	Entry - Amendment entry		Entered into force (20.11.2023)
Ä 10048794 / M12	15.11.2023	Order to remedy deficiencies - Amendment entry	30.11.2023	Deficiencies remedied (20.11.2023)
Ä 10048794 / 21	04.07.2023	Entry - Amendment entry		Entered into force (04.07.2023)
Ä 10048794 / M11	23.02.2023	Order to remedy deficiencies for correcting extra-entry data	25.03.2023	Entered into force (23.02.2023)

1 - 5 / 39 rows

Real estate

Address	Area	Purpose
Kuuli tn 6, Lasnamäe linnaosa, Tallinn, Harju maakond	5926 m²	Commercial land 20%, Industrial land 80%

1 - 1 / 1 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	Participants
3-25-1416/12						19.02.2026

1 - 1 / 1 rows

Official announcements

Subject	Date
Notice of share-capital reduction	11.08.2023
Notices of commercial and non-profit associations and foundations	25.01.2012
Notices of commercial and non-profit associations and foundations	05.07.2011
Notices of commercial and non-profit associations and foundations	26.10.2010
Notices of commercial and non-profit associations and foundations	12.08.2010

1 - 5 / 6 rows

Public transactions

Date	Party	Amount	Classification
01.04.2026	Majandus- ja Kommunikatsiooniministeerium	17 279.11 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
10.03.2026	Eesti Töötukassa	1 091.20 € Received	OPERATING EXPENSES Social protection of the unemployed
20.11.2025	Tallinna Strateegiakeskus	1 000.00 € Received	SOCIAL BENEFITS Other economy, incl. economic administration
10.10.2025	Majandus- ja Kommunikatsiooniministeerium	17 662.36 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
03.06.2025	Eesti Töötukassa	1 073.60 € Received	OPERATING EXPENSES Social protection of the unemployed

1 - 5 / 11 rows

.ee domains

Domain	Status	Registered	Expires	End
estel.ee	Active	04.07.2010	02.02.2027	-

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

1 - 1 / 1 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