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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 (11)

Capital:

1 800 000 EUR

Address:

Kesk-Sõjamäe tn 3, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415

Status:

Registered

Contacts

Email:

info@kitmanthulema.ee

Phone:

+372 6278900

Phone:

+372 6278901

Industries

MANUFACTURING
Manufacture of furniture
31001 - Manufacture of furniture (excl. mattresses)
WHOLESALE AND RETAIL TRADE
Wholesale trade
Wholesale on a fee or contract basis
46191 - Non-specialised wholesale agency services
REAL ESTATE ACTIVITIES
Real estate activities
68201 - Renting and operating of own or leased real estate

VAT liability

	Start	End
EE101740023	05.09.2014

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	30.06.2020	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	05.09.2014 - 31.12.2014	30.06.2015	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 04.06.2026.

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Credit rating

Hidden

Credit rating is based on company financial data and payment behavior. detailed analysis available to regia+ users.

020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	925 143 €	479 328 €	4 898 435 €25.2%	146
Kokku 2026:	925 143 €	479 328 €	4 898 435 €
2025 Q4	737 123 €	523 571 €	6 545 952 €22.4%	141
2025 Q3	735 381 €	501 914 €	5 346 770 €10.1%	148
2025 Q2	781 949 €	515 289 €	4 855 093 €9.5%	142
2025 Q1	708 032 €	468 519 €	4 432 855 €18.1%	136
Kokku 2025:	2 962 485 €	2 009 293 €	21 180 670 €16.8%
2024 Q4	748 896 €	470 337 €	5 411 414 €26.2%	136
2024 Q3	716 360 €	450 777 €	4 286 715 €1.9%	144
2024 Q2	896 496 €	482 254 €	4 369 043 €7.2%	136
2024 Q1	679 312 €	448 544 €	4 074 565 €4.4%	137
Kokku 2024:	3 041 064 €	1 851 912 €	18 141 737 €2.1%
2023 Q4	675 056 €	453 538 €	4 261 619 €6.7%	136
2023 Q3	746 110 €	430 811 €	4 568 290 €0.6%	138
2023 Q2	739 385 €	461 342 €	4 594 999 €5.7%	130
2023 Q1	654 163 €	394 224 €	4 346 724 €14.6%	133
Kokku 2023:	2 814 714 €	1 739 915 €	17 771 632 €17.8%
2022 Q4	568 663 €	382 360 €	3 794 051 €0.9%	125
2022 Q3	596 856 €	408 949 €	3 829 598 €3.3%	123
2022 Q2	620 712 €	415 569 €	3 961 585 €13.0%	140
2022 Q1	592 871 €	423 996 €	3 505 665 €23.1%	133
Kokku 2022:	2 379 102 €	1 630 874 €	15 090 898 €17.3%
2021 Q4	609 139 €	406 909 €	4 556 122 €14.9%	136
2021 Q3	782 184 €	375 057 €	5 355 223 €58.0%	150
2021 Q2	605 073 €	400 431 €	3 389 262 €31.4%	145
2021 Q1	727 146 €	315 128 €	4 939 622 €16.6%	139
Kokku 2021:	2 723 542 €	1 497 525 €	18 240 229 €3.2%
2020 Q4	573 740 €	345 801 €	4 235 009 €12.4%	133
2020 Q3	701 580 €	338 481 €	4 832 681 €33.2%	130
2020 Q2	484 304 €	264 241 €	3 627 443 €27.2%	137
2020 Q1	790 621 €	352 854 €	4 985 888 €15.2%	141
Kokku 2020:	2 550 245 €	1 301 377 €	17 681 021 €11.7%
2019 Q4	719 881 €	355 145 €	5 882 418 €60.1%	145
2019 Q3	535 120 €	351 949 €	3 675 074 €3.8%	158
2019 Q2	504 655 €	316 053 €	3 538 845 €29.6%	151
2019 Q1	450 699 €	316 308 €	2 730 097 €48.7%	144
Kokku 2019:	2 210 355 €	1 339 455 €	15 826 434 €9.1%
2018 Q4	812 269 €	308 176 €	5 326 986 €46.5%	144
2018 Q3	380 736 €	285 140 €	3 635 550 €20.6%	143
2018 Q2	352 683 €	263 393 €	3 013 744 €19.0%	139
2018 Q1	447 850 €	275 506 €	2 532 252 €35.6%	143
Kokku 2018:	1 993 538 €	1 132 215 €	14 508 532 €10.3%
2017 Q4	500 754 €	301 358 €	3 929 545 €65.9%	135
2017 Q3	391 255 €	293 907 €	2 368 404 €45.2%	140
2017 Q2	544 787 €	301 897 €	4 323 665 €70.5%	138
2017 Q1	445 856 €	317 045 €	2 536 413 €29.9%	144
Kokku 2017:	1 882 652 €	1 214 207 €	13 158 027 €2.0%
2016 Q4	616 894 €	321 276 €	3 617 159 €9.0%	151
2016 Q3	727 782 €	294 619 €	3 317 035 €0.3%	151
2016 Q2	523 961 €	293 629 €	3 305 892 €3.5%	151
2016 Q1	371 680 €	283 607 €	3 193 051 €9.6%	151
Kokku 2016:	2 240 317 €	1 193 131 €	13 433 137 €13.6%
2015 Q4	384 955 €	299 444 €	2 912 341 €0.4%	151
2015 Q3	281 493 €	300 760 €	2 925 139 €3.5%	151
2015 Q2	418 559 €	290 695 €	2 827 248 €10.6%	151
2015 Q1	346 248 €	325 157 €	3 162 425 €	151
Kokku 2015:	1 431 255 €	1 216 056 €	11 827 153 €

Revenue by industry

	2022	2023	2024
Manufacture of furniture (excl. mattresses)			10 326 440 €
Non-specialised wholesale agency services			5 211 098 €
Renting and operating of own or leased real estate	12 650 €	107 651 €	70 780 €
Manufacture of office and shop furniture	8 756 958 €	11 446 496 €
Wholesale of machinery for food industry and trade	4 053 569 €	3 450 726 €

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

3 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
OÜ NG Investeeringud	-	06.10.1997 (28)	Shareholder	1 800 000,00 EUR	100	Sole ownership	16.08.2023	-

2 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
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	-	-	Founder	04.07.2014	-

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

1 - 4 / 4 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
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	-

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

1 - 3 / 3 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
OÜ Kitman Coldtech	20.12.2021	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

4 898 435 €

Monthly average

1 632 812 €

Per employee

11 184 €

Equity ratio

90,71%

Labour taxes

Turnover ratio

9,79%

Tax ratio

51,81%

Monthly average

159 776 €

Per employee

1 113 €

State taxes

Monthly average

308 381 €

Turnover ratio

18,89%

Estimated salary

Gross salary

2 117 €

Net salary

1 719 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	6 934 484 €8.3%	7 565 401 €35.9%	5 565 698 €8.6%	5 123 139 €18.0%	4 340 140 €9.9%	3 949 483 €
Non-current assets	3 076 752 €11.6%	3 481 475 €4.0%	3 346 071 €5.5%	3 539 886 €11.4%	3 996 758 €11.8%	4 532 896 €
Total assets	10 011 236 €9.4%	11 046 876 €24.0%	8 911 769 €2.9%	8 663 025 €3.9%	8 336 898 €1.7%	8 482 379 €
Short-term liabilities	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	212 962 €2 466.4%	8 298 €98.5%	535 599 €28.5%	749 087 €20.4%	941 202 €18.2%	1 150 358 €
Total liabilities	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 €
Retained earnings	4 117 203 €24.0%	3 319 208 €9.7%	3 026 235 €5.6%	3 205 952 €10.7%	2 895 367 €11.1%	2 605 618 €
Net profit	1 444 246 €48.4%	2 797 994 €116.4%	1 292 973 €300.1%	323 137 €60.1%	810 585 €179.8%	289 749 €
Equity	7 361 449 €7.0%	7 917 202 €29.4%	6 119 208 €14.8%	5 329 089 €3.2%	5 505 952 €17.3%	4 695 367 €
Turnover	21 552 448 €7.4%	23 274 428 €32.0%	17 638 436 €17.5%	15 006 909 €13.9%	13 173 221 €7.3%	14 216 166 €
Profit margin	6.70%44.3%	12.02%64.0%	7.33%240.4%	2.15%65.0%	6.15%201.9%	2.04%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-	-	-	-	-
Liquidity
Current ratio	D.I	U.F	P.B	2.0	2.3
Quick ratio	Z.G	W.N	Q.H	1.2	1.4
Cash ratio	R.Y	D.T	C.Y	0.6	0.4
Efficiency
Days sales outstanding (dso)	-	-	-	43.3	67.0
Asset turnover	-	-	-	1.8	1.6
Structure
Debt ratio	B.J	L.F	Q.H	0.4	0.3
Profitability
Operating margin	-	-	-	3.1%	6.3%
Net profit margin	-	-	-	2.2%	6.2%
Return on assets (roa)	W.J%	M.V%	V.D%	3.8%	9.6%
Return on equity (roe)	C.H%	F.J%	B.F%	6.1%	14.7%

To view all financial ratios, you need to subscribe to extended access to the info portal!

Licences & notices

Type	Number	Field	Status	Start	End
License	FKKL/322730	Environment > Permit to handle stationary refrigeration and air-conditioning equipment and heat pumps containing fluorinated greenhouse gases	Valid	12.12.2012	-

1 - 1 / 1 rows

Regulations

Regulation no.	Date	Type	Status
Ä 10199759 / 12	06.01.2022	Entry - Amendment entry	Entered into force (06.01.2022)
Ä 10199759 / 11	14.01.2020	Entry - Amendment entry	Entered into force (14.01.2020)
K 10199759 / 10	25.02.2019	Entry - Commercial-pledge cancellation entry	Entered into force (25.02.2019)
Ä 10199759 / 9	18.01.2018	Entry - Amendment entry	Entered into force (18.01.2018)
Ä 10199759 / 8	08.12.2017	Entry - Amendment entry	Entered into force (08.12.2017)

1 - 5 / 12 rows

Real estate

Address	Area	Purpose
Kesk-Sõjamäe tn 3, Lasnamäe linnaosa, Tallinn, Harju maakond	25742 m²	Industrial land 100%
Kesk-Sõjamäe tn 5, Lasnamäe linnaosa, Tallinn, Harju maakond	7473 m²	Industrial land 100%

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

1 - 5 / 8 rows

Official announcements

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

1 - 5 / 8 rows

Public transactions

Date	Party	Amount	Classification
29.04.2026	Pirita Majandusgümnaasium	37 019.32 € Received	OPERATING EXPENSES Basic and general secondary education
29.04.2026	Tartu Rakenduslik Kolledž	7 608.64 € Received	OPERATING EXPENSES Vocational education
28.04.2026	Tallinna Tondi Kool	271.56 € Received	OPERATING EXPENSES Basic and general secondary education
28.04.2026	Aktsiaselts Ida-Tallinna Keskhaigla	384.40 € Received	OPERATING EXPENSES General hospital services
27.04.2026	Tallinna Linnakantselei	4 131.37 € Received	OPERATING EXPENSES Municipal government

1 - 5 / 1441 rows

.ee domains

Domain	Status	Registered	Expires	End
ethulema.ee	Active	19.08.2024	20.08.2026	-
thulemarent.ee	Active	14.07.2022	15.07.2026	-
kitmancoldtech.ee	Active	04.12.2012	05.12.2026	-
kitmanthulema.ee	Active	03.08.2012	04.08.2026	-
thulema.ee	Active	04.07.2010	24.08.2026	-

1 - 5 / 6 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