VELVET OÜ

Legal form:: Private limited company
Registry code:: 11016984
VAT no.:: EE100882173
Fiscal-year period:: 01.01 - 31.12
Established:: 25.02.2004 (22 y)
Capital:: 4 100 EUR
Address:: Telliskivi tn 60a/5, Põhja-Tallinna linnaosa, Tallinn, Harju maakond, 10412
Status:: Registered

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Contacts

Phone:: +372 6444438
Email:: info@velvet.ee
Website:: www.velvet.ee

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Industries

PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Other professional, scientific and technical activities
Design activities
74121 – Graphic design and visual communication
ELECTRONIC COMMUNICATIONS SERVICES, PROGRAMMING, CONSULTANCY, DATA-INFRASTRUCTURE AND OTHER INFORMATION ACTIVITIES
Computer programming, consultancy and related activities
62101 – Programming
Advertising, market research and public relations
Advertising
73111 – Activities of advertising agencies

Industry TOPNo. 1 of 436 companies

1.VELVET OÜ1.6M €
2.Meerkat Clan OÜ1.3M €
3.DFX Art OÜ978.3k €
4.Lifeder.com Media OÜ952.1k €
5.WE3 EU OÜ889.3k €
6.Kickpush OÜ522.2k €
7.Placeholder Text OÜ503.5k €
8.Dekadigital OÜ482.2k €
9.NOPE OÜ481.3k €
10.Studios Krista OÜ453.5k €

Main activity 74121 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100882173	01.03.2004	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	04.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	11.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	01.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	22.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	18.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	02.07.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	30.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	06.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	02.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	08.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	11.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	12.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	06.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	19.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	21.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	05.07.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	29.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	17.10.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	01.06.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	30.06.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	04.07.2005	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 19.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements2 TTJA decisions–Real estate–.ee domains1 Licenses–Regulations22 Public transactions367 Grants2 State aid34 Public procurement58 Holdings in companies1 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	136 058 €	84 797 €	357 444 €−15,2%	17
2026 Q2	142 138 €	94 630 €	421 459 €+4,9%	18
2026 Q1	151 995 €	105 376 €	401 863 €−7,8%	19
Total 2026:	430 191 €	284 803 €	1,18 M €
2025 Q4	187 070 €	126 407 €	436 014 €+50,8%	20
2025 Q3	108 065 €	78 443 €	289 106 €−29,2%	22
2025 Q2	160 516 €	109 922 €	408 477 €+16,3%	23
2025 Q1	103 183 €	70 752 €	351 194 €−27,2%	24
Total 2025:	558 834 €	385 524 €	1,48 M €
2024 Q4	105 540 €	59 436 €	482 258 €+46,4%	25
2024 Q3	133 535 €	101 969 €	329 442 €−31,1%	25
2024 Q2	160 939 €	100 060 €	477 895 €+7,0%	36
2024 Q1	159 747 €	102 930 €	446 835 €−20,7%	35
Total 2024:	559 761 €	364 395 €	1,74 M €
2023 Q4	149 743 €	96 171 €	563 525 €+14,1%	34
2023 Q3	148 949 €	104 302 €	493 883 €−4,8%	31
2023 Q2	167 222 €	104 502 €	518 843 €+11,5%	35
2023 Q1	127 944 €	97 721 €	465 484 €−25,8%	35
Total 2023:	593 858 €	402 696 €	2,04 M €
2022 Q4	130 777 €	82 807 €	627 143 €+22,6%	30
2022 Q3	112 282 €	78 067 €	511 400 €+2,6%	30
2022 Q2	84 911 €	81 290 €	498 256 €+0,1%	31
2022 Q1	122 056 €	79 369 €	497 637 €+10,5%	31
Total 2022:	450 026 €	321 533 €	2,13 M €
2021 Q4	93 329,18 €	69 604,04 €	450 246,07 €+9,9%	20
2021 Q3	89 379,48 €	67 103,65 €	409 867,41 €+14,5%	19
2021 Q2	75 550,48 €	66 046,27 €	357 846,40 €−23,7%	18
2021 Q1	104 117,10 €	76 265,15 €	468 999,76 €+11,5%	18
Total 2021:	362 376,24 €	279 019,11 €	1,69 M €
2020 Q4	79 694,04 €	60 908,01 €	420 600,23 €+29,3%	20
2020 Q3	76 299,77 €	55 992,19 €	325 186,64 €−21,6%	20
2020 Q2	92 013,83 €	53 152,32 €	414 595,40 €−12,4%	20
2020 Q1	89 703 €	59 163 €	473 186 €+11,9%	18
Total 2020:	337 710,64 €	229 215,52 €	1,63 M €
2019 Q4	86 766 €	53 362 €	423 048 €+49,4%	17
2019 Q3	79 705 €	55 489 €	283 180 €−10,7%	17
2019 Q2	81 826 €	49 152 €	316 972 €−11,0%	17
2019 Q1	77 697 €	50 367 €	356 010 €+6,2%	15
Total 2019:	325 994 €	208 370 €	1,38 M €
2018 Q4	78 636 €	48 768 €	335 098 €+38,6%	14
2018 Q3	61 245 €	44 189 €	241 795 €−18,0%	14
2018 Q2	71 789 €	46 277 €	294 942 €−5,2%	14
2018 Q1	80 601 €	53 796 €	311 236 €−23,3%	15
Total 2018:	292 271 €	193 030 €	1,18 M €
2017 Q4	77 218 €	46 271 €	405 858 €+87,9%	15
2017 Q3	62 323 €	42 463 €	216 014 €−25,0%	15
2017 Q2	67 520 €	40 974 €	287 851 €−16,2%	15
2017 Q1	84 006 €	51 018 €	343 478 €+30,0%	15
Total 2017:	291 067 €	180 726 €	1,25 M €
2016 Q4	61 187 €	42 857 €	264 227 €+2,6%	14
2016 Q3	60 805 €	41 757 €	257 443 €−2,8%	14
2016 Q2	58 697 €	42 957 €	264 841 €−9,8%	14
2016 Q1	84 488 €	47 605 €	293 500 €+21,3%	14
Total 2016:	265 177 €	175 176 €	1,08 M €
2015 Q4	64 316 €	38 629 €	242 003 €+0,7%	13
2015 Q3	51 264 €	38 365 €	240 350 €+6,6%	13
2015 Q2	50 716 €	36 005 €	225 566 €−16,7%	13
2015 Q1	81 110 €	43 231 €	270 836 €	13
Total 2015:	247 406 €	156 230 €	978 755 €

Revenue by industry

	2023	2024	2025
Graphic design and visual communication		1 175 863 €	1 052 675 €
Programming	48 394 €	54 000 €	239 137 €
Activities of advertising agencies		234 645 €	213 540 €
Design activities	1 601 388 €
Advertising agencies	257 528 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Pärtel Vurma	38108XXXXXX	14.08.1981 (45)	Board member	01.11.2024	-
Janno Siimar	37910XXXXXX	11.10.1979 (47)	Board member	03.11.2006	-

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Shareholders

	Personal ID code
Pärtel Vurma	38108XXXXXX	14.08.1981 (45)	Shareholder	2 050 EUR	50,00%	Sole ownership	05.12.2024	-
Janno Siimar	37910XXXXXX	11.10.1979 (47)	Shareholder	2 050 EUR	50,00%	Sole ownership	05.12.2024	-

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Other persons

	Personal ID code
OÜ SEITSE PÖIALPOISSI	10965595	09.09.2003 (23)	Founder	25.02.2004	-
OÜ Tangomango	10792433	06.09.2001 (25)	Founder	25.02.2004	-

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Ultimate beneficial owners

	Personal ID code
Janno Siimar	37910XXXXXX	11.10.1979 (47)	Direct holding	13.12.2018	-
Pärtel Vurma	38108XXXXXX	14.08.1981 (45)	Indirect holding	13.12.2018	-

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Holdings in companies


VELVET DP OÜ	14.07.2006	Shareholder	1 536 EUR	60,00%	Sole ownership	01.09.2023	-

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2026 Q3

Turnover

Amount: 357 444 €
Monthly average: 119 148 €
Per employee: 7 009 €
Equity ratio: 2 906,05%

Labour taxes

Turnover ratio: 23,72%
Tax ratio: 62,32%
Monthly average: 28 266 €
Per employee: 1 615 €

State taxes

Monthly average: 45 353 €
Turnover ratio: 38,06%

Estimated salary

Gross salary: 2 947 €
Net salary: 2 370 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	455 855 €+28,9%	353 563 €−35,4%	547 204 €+2,5%	534 038 €+5,5%	506 319 €+14,5%	442 047 €+2,5%	431 460 €
Non-current assets	33 683 €−15,5%	39 839 €−16,0%	47 419 €+2,6%	46 226 €+11,6%	41 410 €−10,9%	46 470 €−14,1%	54 107 €
Total assets	489 538 €+24,4%	393 402 €−33,8%	594 623 €+2,5%	580 264 €+5,9%	547 729 €+12,1%	488 517 €+0,6%	485 567 €
Short-term liabilities	295 926 €+127%	130 116 €−47,6%	248 232 €+4,0%	238 785 €−10,0%	265 328 €+8,4%	244 877 €−3,7%	254 413 €
Long-term liabilities	-	-	-	-	-	6 349 €−51,4%	13 062 €
Total liabilities	295 926 €+127%	130 116 €−47,6%	248 232 €+4,0%	238 785 €−10,0%	265 328 €+5,6%	251 226 €−6,1%	267 475 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	258 775 €−10,0%	287 512 €+0,7%	285 493 €+32,0%	216 241 €−3,4%	223 818 €+18,2%	189 293 €+4,0%	182 093 €
Net profit	-69 673 €−142%	-28 736 €−151%	56 796 €−53,1%	121 136 €+122%	54 481 €+24,1%	43 896 €+37,6%	31 897 €
Equity	193 612 €−26,5%	263 286 €−24,0%	346 391 €+1,4%	341 479 €+20,9%	282 401 €+19,0%	237 291 €+8,8%	218 092 €
Turnover	1 505 382 €−3,8%	1 564 784 €−20,8%	1 975 298 €−1,1%	1 996 543 €+30,5%	1 529 641 €−6,7%	1 638 941 €+28,5%	1 275 820 €
Profit margin	-4,6%	-1,8%	2,9%	6,1%	3,6%	2,7%	2,5%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	143 904 €	67 056 €
Liquidity
Current ratio	2,2	1,9
Quick ratio	2,2	1,9
Cash ratio	1,2	1,1
Efficiency
Days sales outstanding (dso)	39,1	40,1
Asset turnover	3,5	3,0
Structure
Debt ratio	0,4	0,5
Profitability
Operating margin	6,6%	3,7%
Net profit margin	6,1%	3,6%
Return on assets (roa)	21,5%	10,5%
Return on equity (roe)	35,5%	19,3%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10078012 / 19	19.12.2024	Entry – Amendment entry	-	Entered into force19.12.2024
Ä 10078012 / 18	05.12.2024	Entry – Amendment entry	-	Entered into force05.12.2024
Ä 10078012 / M2	04.12.2024	Directive order – Change of shareholders	14.12.2024	Deficiencies remedied05.12.2024
Ä 10078012 / 17	01.11.2024	Entry – Amendment entry	-	Entered into force01.11.2024
Ä 10078012 / 16	01.09.2023	Entry – Amendment entry	-	Entered into force01.09.2023

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

No court decisions found

The company has no court decisions

Official announcements


Notices of commercial and non-profit associations and foundations	05.07.2013	PDF
Notices of commercial and non-profit associations and foundations	18.06.2010	PDF

Public transactions


29.09.2026	Tartu Ülikool	124 €Received	OPERATING EXPENSESTertiary education
25.09.2026	Ettevõtluse ja Innovatsiooni Sihtasutus	5 952 €Received	OPERATING EXPENSESGeneral economic and trade policy
23.09.2026	Tallinna Strateegiakeskus	3 646,80 €Received	OPERATING EXPENSESOther economy, incl. economic administration
23.09.2026	Tallinna Strateegiakeskus	1 486,80 €Received	OPERATING EXPENSESMunicipal government
11.09.2026	Ettevõtluse ja Innovatsiooni Sihtasutus	36 896,20 €Received	OPERATING EXPENSESGeneral economic and trade policy

Funded projects


Velveti ekspordivõimekuse suurendamine2014-2020.5.03.18-0275	Loomemajanduse arendamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.12.2018 – 30.06.20232014-2020	70 352,97 €support 70,0%	44 138 €	Completed
Koolitustsükkel "saak"1.4.0501.10-1599	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	31.12.2009 – 30.12.20102007-2013	958,67 €	958,67 €	Completed

State aid


12.02.2026	VälisministeeriumAid measure 251870	Nõustamine VTA › Nõustamine VTAGrant	3 145 €	251870/2600010
14.11.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231558	Muu › MuuGrant	909 €	231558/2600254
30.09.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231558	Muu › MuuGrant	2 100 €	231558/2500955
30.06.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231558	Muu › MuuGrant	2 612 €	231558/2500625
26.05.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231558	Muu › MuuGrant	75 €	231558/2500472

Public procurement contracts


04.08.2026End 04.08.2027	Reference number 306243	Tallinna StrateegiakeskusContracting authority	50 000 €	Concluded
06.07.2026End 01.05.2028	Reference number 303897 · Mentorleping Velvet OÜ	Sihtasutus Tallinna Teaduspark TEHNOPOLContracting authority	6 000 €	Concluded
06.07.2026End 01.05.2028	Reference number 303897 · Mentorleping Velvet OÜ 2	Sihtasutus Tallinna Teaduspark TEHNOPOLContracting authority	3 600 €	Concluded
28.04.2026End 30.09.2026	Reference number 305987 · Hankeleping „Palunabi.ee veebilehe sisukontseptsiooni loomine“	SotsiaalkindlustusametContracting authority	28 850 €	Concluded
08.12.2025End 08.12.2026	Reference number 301809 · Hankeleping	AKTSIASELTS EESTI LOTOContracting authority	250 000 €	Concluded

.ee domains


velvet.ee	Active	04.07.2010	12.08.2027

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

Data comes from public registers.