Kitman Thulema AS

Legal form:: Public limited company
Registry code:: 12715827
VAT no.:: EE101740023
Fiscal-year period:: 01.01 - 31.12
Established:: 05.09.2014 (12 y)
Capital:: 1 800 000 EUR
Address:: Kesk-Sõjamäe tn 3, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415
Status:: Registered
E-invoice reception:: Unifiedpost

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Contacts

Phone:: +372 6278900
Phone:: +372 6278901
Email:: info@kitmanthulema.ee

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Industries

Industry TOPNo. 6 of 544 companies

1.Osaühing TNC-Components29M €
2.Silen OÜ24.3M €
3.aktsiaselts Tiksoja Puidugrupp22.7M €
4.OSAÜHING SOFTCOM22.4M €
5.Delux Production OÜ22.3M €
6.Kitman Thulema AS20.5M €
7.ARENS AS18M €
8.Osaühing Bellus Furniture17.3M €
9.aktsiaselts Jalax16.3M €
10.Aktsiaselts STANDARD12.8M €

Main activity 31001 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE101740023	05.09.2014	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	30.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	30.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	30.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	30.06.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	30.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	30.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	30.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	30.06.2016	Valid	PDF
2014	05.09.2014 – 31.12.2014	30.06.2015	Valid	PDF

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Tax debt Reports Declarations Court decisions8 Official announcements8 TTJA decisions–Real estate2 .ee domains7 Licenses1 Regulations12 Public transactions1616 Grants10 State aid11 Public procurement669 Holdings in companies2 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	485 727 €	469 643 €	4,47 M €−2,7%	151
2026 Q2	848 239 €	508 601 €	4,59 M €−6,3%	140
2026 Q1	925 143 €	479 328 €	4,90 M €−25,2%	146
Total 2026:	2,26 M €	1,46 M €	14,0 M €
2025 Q4	738 507 €	523 571 €	6,55 M €+22,4%	141
2025 Q3	735 381 €	501 914 €	5,35 M €+10,1%	148
2025 Q2	783 363 €	515 289 €	4,86 M €+9,5%	142
2025 Q1	708 032 €	468 519 €	4,43 M €−18,1%	136
Total 2025:	2,97 M €	2,01 M €	21,2 M €
2024 Q4	748 896 €	470 337 €	5,41 M €+26,2%	136
2024 Q3	716 360 €	450 777 €	4,29 M €−1,9%	144
2024 Q2	896 496 €	482 254 €	4,37 M €+7,2%	136
2024 Q1	679 312 €	448 544 €	4,07 M €−4,4%	137
Total 2024:	3,04 M €	1,85 M €	18,1 M €
2023 Q4	675 056 €	453 538 €	4,26 M €−6,7%	136
2023 Q3	746 110 €	430 811 €	4,57 M €−0,6%	138
2023 Q2	739 385 €	461 342 €	4,59 M €+5,7%	131
2023 Q1	654 163 €	394 224 €	4,35 M €+14,7%	133
Total 2023:	2,81 M €	1,74 M €	17,8 M €
2022 Q4	568 663 €	382 360 €	3,79 M €−1,0%	124
2022 Q3	596 856 €	408 949 €	3,83 M €−3,3%	123
2022 Q2	620 712 €	415 569 €	3,96 M €+13,0%	131
2022 Q1	592 871 €	423 996 €	3,51 M €−23,1%	134
Total 2022:	2,38 M €	1,63 M €	15,1 M €
2021 Q4	609 138,91 €	406 908,96 €	4,56 M €−14,9%	136
2021 Q3	782 183,53 €	375 056,67 €	5,36 M €+58,0%	150
2021 Q2	605 073,22 €	400 431,47 €	3,39 M €−31,4%	145
2021 Q1	727 145,91 €	315 128,33 €	4,94 M €+16,6%	139
Total 2021:	2,72 M €	1,50 M €	18,2 M €
2020 Q4	573 739,96 €	345 800,73 €	4,24 M €−12,4%	133
2020 Q3	701 580,17 €	338 481,25 €	4,83 M €+33,2%	130
2020 Q2	484 303,68 €	264 240,71 €	3,63 M €−27,2%	137
2020 Q1	790 621 €	352 854 €	4,99 M €−15,2%	141
Total 2020:	2,55 M €	1,30 M €	17,7 M €
2019 Q4	719 881 €	355 145 €	5,88 M €+60,1%	145
2019 Q3	535 120 €	351 949 €	3,68 M €+3,8%	158
2019 Q2	504 655 €	316 053 €	3,54 M €+29,6%	151
2019 Q1	450 699 €	316 308 €	2,73 M €−48,7%	144
Total 2019:	2,21 M €	1,34 M €	15,8 M €
2018 Q4	812 269 €	308 176 €	5,33 M €+46,5%	144
2018 Q3	380 736 €	285 140 €	3,64 M €+20,6%	143
2018 Q2	352 683 €	263 393 €	3,01 M €+19,0%	139
2018 Q1	447 850 €	275 506 €	2,53 M €−35,6%	143
Total 2018:	1,99 M €	1,13 M €	14,5 M €
2017 Q4	500 754 €	301 358 €	3,93 M €+65,9%	135
2017 Q3	391 255 €	293 907 €	2,37 M €−45,2%	140
2017 Q2	544 787 €	301 897 €	4,32 M €+70,5%	138
2017 Q1	445 856 €	317 045 €	2,54 M €−29,9%	144
Total 2017:	1,88 M €	1,21 M €	13,2 M €
2016 Q4	616 894 €	321 276 €	3,62 M €+9,0%	151
2016 Q3	727 782 €	294 619 €	3,32 M €+0,3%	151
2016 Q2	523 961 €	293 629 €	3,31 M €+3,5%	151
2016 Q1	371 680 €	283 607 €	3,19 M €+9,6%	151
Total 2016:	2,24 M €	1,19 M €	13,4 M €
2015 Q4	384 955 €	299 444 €	2,91 M €−0,4%	151
2015 Q3	281 493 €	300 760 €	2,93 M €+3,5%	151
2015 Q2	418 559 €	290 695 €	2,83 M €−10,6%	151
2015 Q1	346 248 €	325 157 €	3,16 M €	151
Total 2015:	1,43 M €	1,22 M €	11,8 M €

Revenue by industry

	2023	2024	2025
Manufacture of furniture (excl. mattresses)		10 326 440 €	12 970 787 €
Non-specialised wholesale agency services		5 211 098 €	4 950 642 €
Renting and operating of own or leased real estate	107 651 €	70 780 €	96 366 €
Manufacture of office and shop furniture	11 446 496 €
Wholesale of machinery for food industry and trade	3 450 726 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Herki Hälvin	38505XXXXXX	11.05.1985 (41)	Board member	06.01.2022	-

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Shareholders

	Personal ID code
OÜ NG Investeeringud	10281968	06.10.1997 (29)	Shareholder	1 800 000 EUR	100,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
Jüri Käo	36511XXXXXX	16.11.1965 (60)	Chairman of the supervisory board	15.04.2026	-
Enn Kunila	35003XXXXXX	19.03.1950 (76)	Supervisory-board member	15.04.2026	-
Kaia Salumets	47103XXXXXX	05.03.1971 (55)	Supervisory-board member	15.04.2026	-
Kitman Thulema AS	10093994	03.10.1996 (30)	Founder	04.07.2014	-

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Ultimate beneficial owners

	Personal ID code
Kaia Salumets	47103XXXXXX	05.03.1971 (55)	Member of higher governing body (board or supervisory board)	26.01.2023	-
Enn Kunila	35003XXXXXX	19.03.1950 (76)	Member of higher governing body (board or supervisory board)	26.10.2018	-
Jüri Käo	36511XXXXXX	16.11.1965 (60)	Member of higher governing body (board or supervisory board)	26.10.2018	-

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Holdings in companies


OÜ Kitman Coldtech	20.12.2021	Shareholder	2 500 EUR	100,00%	Sole ownership	01.09.2023	-
Design Brands OÜ	15.10.2026	Shareholder	2 500 EUR	100,00%	Sole ownership	15.10.2026	-

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2026 Q3

Turnover

Amount: 4 467 680 €
Monthly average: 1 489 227 €
Per employee: 9 862 €
Equity ratio: 82,73%

Labour taxes

Turnover ratio: 10,51%
Tax ratio: 96,69%
Monthly average: 156 548 €
Per employee: 1 076 €

State taxes

Monthly average: 161 909 €
Turnover ratio: 10,87%

Estimated salary

Gross salary: 2 027 €
Net salary: 1 678 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	5 646 538 €+4,6%	5 400 664 €−2,4%	5 532 210 €+42,3%	3 887 454 €−24,1%	5 123 139 €+18,0%	4 340 140 €+9,9%	3 949 483 €
Non-current assets	2 893 933 €−9,3%	3 192 014 €−11,2%	3 593 644 €+7,4%	3 346 071 €−5,5%	3 539 886 €−11,4%	3 996 758 €−11,8%	4 532 896 €
Total assets	10 325 456 €+3,1%	10 011 236 €+9,7%	9 125 854 €+2,4%	8 911 769 €+2,9%	8 663 025 €+3,9%	8 336 898 €−1,7%	8 482 379 €
Short-term liabilities	2 731 959 €+12,1%	2 436 825 €−21,9%	3 121 376 €+38,3%	2 256 962 €−12,7%	2 584 849 €+36,8%	1 889 744 €−28,3%	2 636 654 €
Long-term liabilities	69 718 €−67,3%	212 962 €+2 466%	8 298 €−98,5%	535 599 €−28,5%	749 087 €−20,4%	941 202 €−18,2%	1 150 358 €
Total liabilities	2 801 677 €+5,7%	2 649 787 €−15,3%	3 129 674 €+12,1%	2 792 561 €−16,2%	3 333 936 €+17,8%	2 830 946 €−25,2%	3 787 012 €
Share or stock capital	1 800 000 €	1 800 000 €	1 800 000 €	1 800 000 €	1 800 000 €	1 800 000 €	1 800 000 €
Retained earnings	2 939 608 €−25,1%	3 925 468 €+25,5%	3 127 473 €+10,3%	2 834 500 €−6,0%	3 014 217 €+11,5%	2 703 632 €+12,0%	2 413 883 €
Net profit	1 511 809 €+4,7%	1 444 246 €−48,4%	2 797 994 €+2 361%	113 685 €−64,8%	323 137 €−60,1%	810 585 €+180%	289 749 €
Equity	7 523 778 €+20,7%	6 231 343 €−21,3%	7 917 202 €+29,4%	6 119 208 €+14,8%	5 329 089 €−3,2%	5 505 952 €+17,3%	4 695 367 €
Turnover	18 017 796 €−16,4%	21 552 448 €+43,6%	15 004 873 €−14,9%	17 638 436 €+17,5%	15 006 909 €+13,9%	13 173 221 €−7,3%	14 216 166 €
Profit margin	8,4%	6,7%	18,6%	0,6%	2,2%	6,2%	2,0%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	2,1	2,0
Quick ratio	1,0	1,2
Cash ratio	0,1	0,6
Efficiency
Days sales outstanding (dso)	-	43,3
Asset turnover	-	1,8
Structure
Debt ratio	0,3	0,4
Profitability
Operating margin	-	3,1%
Net profit margin	-	2,2%
Return on assets (roa)	-	3,8%
Return on equity (roe)	-	6,1%

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Licences & notices


License	FKKL/322730	Environment	Valid	12.12.2012	-

Regulations


Ä 10199759 / 12	06.01.2022	Entry – Amendment entry	-	Entered into force06.01.2022
Ä 10199759 / 11	14.01.2020	Entry – Amendment entry	-	Entered into force14.01.2020
K 10199759 / 10	25.02.2019	Entry – Commercial-pledge cancellation entry	-	Entered into force25.02.2019
Ä 10199759 / 9	18.01.2018	Entry – Amendment entry	-	Entered into force18.01.2018
Ä 10199759 / 8	08.12.2017	Entry – Amendment entry	-	Entered into force08.12.2017

Real estate

		Purpose
Kesk-Sõjamäe tn 3, Lasnamäe linnaosa, Tallinn, Harju maakond	25 742 m²	Industrial land 100%
Kesk-Sõjamäe tn 5, Lasnamäe linnaosa, Tallinn, Harju maakond	7473 m²	Industrial land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-22-4972/14	Kohtu I astme menetlus	Court rulingCompromise ruling	Law of obligations	Merike Varusk	ECLI:EE:HMK:2023:2.22.4972.15542	25.08.2023	Open
2-22-4972/6	Määruskaebusmenetlus	Court ruling	Law of obligations	Indrek Soots, Ulvi Loonurm, Krista Kirspuu	ECLI:EE:TLRK:2023:2.22.4972.5543	17.04.2023	Open
2-21-138117/11	Kohtu I astme menetlus	Court rulingCompromise ruling	Law of obligations	Tiia Bergson	ECLI:EE:HMK:2022:2.21.138117.1257	08.02.2022	Open
2-13-32597/82	Apellatsioonmenetlus	Court judgment	Law of obligations	Kaupo Paal, Liis Arrak, Reet Allikvere	ECLI:EE:TLRK:2016:2.13.32597.9756	25.11.2016	Open
3-2-1-29-16	Kassatsioonimenetlus	Court judgment	-	-	ECLI:EE:RK:2016:3.2.1.29.16.10866	25.05.2016	Open

Official announcements


Notice of granting or refusal of an air-pollution permit	07.06.2017	PDF
Notice of disclosure of the draft air-pollution permit	10.05.2017	PDF
Notice of initiation of proceedings for an air-pollution permit	19.12.2016	PDF
Notice of granting or refusal of an air-pollution permit	08.07.2015	PDF
Notice of disclosure of the draft air-pollution permit	18.06.2015	PDF

Public transactions


30.09.2026	Tallinna Laste Turvakeskus	1 318,12 €Received	OPERATING EXPENSESOther social protection of families and children
17.09.2026	Tallinna 21. Kool	3 968 €Received	OPERATING EXPENSESBasic and general secondary education
17.09.2026	Tallinna Keskraamatukogu	911,40 €Received	OPERATING EXPENSESLibraries
17.09.2026	Tallinna Linnakantselei	9 564,12 €Received	OPERATING EXPENSESMunicipal government
14.09.2026	Tallinna Läänemere Gümnaasium	19 785,44 €Received	OPERATING EXPENSESBasic and general secondary education

Funded projects


Kitman Thulema AS ressursitõhususe investeeringud 12014-2020.4.03.21-0682	Ettevõtete energia- ja ressursitõhususERDF · Sihtasutus Keskkonnainvesteeringute Keskus	01.12.2021 – 30.11.20222014-2020	175 000 €support 25,0%	155 150 €	Completed
Kitman Thulema AS ressursitõhususe investeeringud 22014-2020.4.03.21-0683	Ettevõtete energia- ja ressursitõhususERDF · Sihtasutus Keskkonnainvesteeringute Keskus	01.12.2021 – 31.08.20232014-2020	800 000 €support 25,0%	800 000 €	Completed
Kitman Thulema digitaliseerimise teekaart2014-2020.4.04.21-1615	Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.03.2021 – 31.08.20212014-2020	21 500 €support 50,0%	21 500 €	Completed
tehnoloogia investeering3.1.2802.15-0047	Tööstus- ja teenindusettevõtja investeeringu toetamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	30.01.2015 – 30.09.20152007-2013	3 240 584 €	3 185 824 €	Completed
Kitmani eksporditurundus3.1.0401.10-0434	Eksporditurunduse toetusERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	08.11.2010 – 31.10.20122007-2013	310 342,18 €	187 986,63 €	Completed

State aid


15.01.2026	Eesti TöötukassaAid measure 231589	EK grupierandi määrus 651/2014 Koolitusabi (artikkel 31) › KoolitusabiGrant	1 298,40 €	231589/2600015
09.01.2026	Eesti TöötukassaAid measure 231589	EK grupierandi määrus 651/2014 Koolitusabi (artikkel 31) › KoolitusabiGrant	1 035,40 €	231589/2600029
02.10.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241653	Muu › MuuGrant	300 €	241653/2600013
29.03.2022	Eesti TöötukassaAid measure 20985	Palgatoetus VTA › Palgatoetus VTAGrant	3 852 €	20985/2202819
05.11.2021	SA Keskkonnainvesteeringute KeskusAid measure 211013	EK grupierandi määrus 651/2014 Regionaalabi (artiklid 14 -16) › Investeeringuteks ettenähtud regionaalabi (artikkel 14)Grant	43 750 €	211013/2100002

Public procurement contracts


12.10.2026	Reference number 287738 · TalTech-U06-4 korrus	Tallinna TehnikaülikoolContracting authority	677 €	Concluded
08.10.2026	Reference number 287738 · TalTech U01-217 koosolekutelaud	Tallinna TehnikaülikoolContracting authority	1 520 €	Concluded
01.10.2026End 26.11.2026	Reference number 287738 · TalTech Ärikorralduse instituudi töölauad ja toolid.	Tallinna TehnikaülikoolContracting authority	3 654 €	Concluded
23.09.2026	Reference number 287738 · TalTech-U04 töötoolid	Tallinna TehnikaülikoolContracting authority	450 €	Concluded
22.09.2026	Reference number 287738 · TalTech-U06a mööbli hange	Tallinna TehnikaülikoolContracting authority	1 514 €	Concluded

.ee domains


designbrands.ee	Active	19.10.2026	20.10.2027
ethulema.ee	Active	19.08.2024	20.08.2027
thulemarent.ee	Active	14.07.2022	15.07.2027
kitmancoldtech.ee	Active	04.12.2012	05.12.2026
kitmanthulema.ee	Active	03.08.2012	04.08.2027

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.