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WELEMENT AS

Legal form:

Public limited company

Registry code:

12892498

VAT no.:

EE101810982

Fiscal-year period:

01.01 - 31.12

Established:

10.08.2015 (10)

Capital:

25 000 EUR

Address:

Klaasi tn 14, Tartu linn, Tartu linn, Tartu maakond, 50409

Status:

Registered

Contacts

Email:

info@welement.ee

Phone:

+372 53334302

Website:

https://www.welement.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 builders’ carpentry and joinery
16231 - Manufacture of prefabricated wooden buildings and elements

VAT liability

	Start	End
EE101810982	11.08.2015

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	01.07.2024	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	25.06.2019	Valid
2017	01.01.2017 - 31.12.2017	27.06.2018	Valid
2016	10.08.2015 - 31.12.2016	16.05.2017	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 04.06.2026.

???

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	65 656 €	157 270 €	529 726 €43.8%	36
Kokku 2026:	65 656 €	157 270 €	529 726 €
2025 Q4	0 €	160 832 €	942 135 €37.1%	40
2025 Q3	84 486 €	135 097 €	1 496 762 €2.5%	36
2025 Q2	116 782 €	120 494 €	1 460 542 €158.6%	32
2025 Q1	49 840 €	102 249 €	564 745 €54.7%	28
Kokku 2025:	251 108 €	518 672 €	4 464 184 €168.1%
2024 Q4	60 695 €	98 854 €	365 082 €144.0%	24
2024 Q3	33 800 €	99 957 €	149 636 €70.3%	24
2024 Q2	150 499 €	106 157 €	503 273 €22.2%	26
2024 Q1	71 504 €	109 018 €	647 157 €46.9%	27
Kokku 2024:	316 498 €	413 986 €	1 665 148 €57.1%
2023 Q4	6 864 €	105 147 €	1 218 479 €95.6%	28
2023 Q3	11 418 €	100 802 €	623 095 €43.3%	26
2023 Q2	86 042 €	103 413 €	1 098 022 €16.1%	30
2023 Q1	25 146 €	111 665 €	945 484 €52.9%	36
Kokku 2023:	129 470 €	421 027 €	3 885 080 €29.3%
2022 Q4	0 €	116 122 €	2 005 788 €3.1%	36
2022 Q3	0 €	101 089 €	2 070 508 €252.1%	38
2022 Q2	0 €	77 097 €	588 115 €29.1%	34
2022 Q1	29 316 €	89 332 €	829 140 €28.0%	34
Kokku 2022:	29 316 €	383 641 €	5 493 551 €24.6%
2021 Q4	34 672 €	91 970 €	1 151 273 €22.2%	35
2021 Q3	0 €	103 739 €	1 479 865 €32.4%	34
2021 Q2	0 €	91 526 €	1 118 024 €69.1%	34
2021 Q1	65 813 €	79 400 €	661 268 €18.8%	32
Kokku 2021:	100 485 €	366 634 €	4 410 430 €32.2%
2020 Q4	2 143 €	86 060 €	556 664 €35.2%	30
2020 Q3	27 514 €	114 730 €	858 526 €20.4%	30
2020 Q2	2 476 €	113 275 €	1 078 308 €27.8%	36
2020 Q1	21 451 €	117 527 €	843 742 €22.1%	39
Kokku 2020:	53 584 €	431 592 €	3 337 241 €13.3%
2019 Q4	0 €	108 205 €	1 083 567 €21.7%	41
2019 Q3	114 339 €	88 842 €	1 384 223 €62.5%	43
2019 Q2	5 730 €	83 190 €	852 031 €60.7%	37
2019 Q1	0 €	73 861 €	530 321 €23.9%	31
Kokku 2019:	120 069 €	354 098 €	3 850 142 €79.9%
2018 Q4	9 481 €	76 333 €	696 427 €7.3%	29
2018 Q3	46 366 €	75 561 €	649 083 €15.9%	31
2018 Q2	18 326 €	66 233 €	560 202 €138.7%	29
2018 Q1	52 538 €	65 752 €	234 674 €72.3%	30
Kokku 2018:	126 711 €	283 879 €	2 140 386 €20.9%
2017 Q4	83 847 €	65 925 €	846 974 €772.6%	28
2017 Q3	0 €	55 198 €	97 058 €94.4%	25
2017 Q2	0 €	43 840 €	1 720 048 €3 934.1%	20
2017 Q1	0 €	38 960 €	42 638 €	14
Kokku 2017:	83 847 €	203 923 €	2 706 718 €
2016 Q4	0 €	33 134 €	0 €	1
2016 Q3	0 €	11 049 €	0 €	1
2016 Q2	0 €	6 398 €	0 €	1
2016 Q1	0 €	1 666 €	0 €	1
Kokku 2016:	0 €	52 247 €	0 €
2015 Q4	0 €	0 €	0 €	0
2015 Q3	0 €	0 €	0 €	0
Kokku 2015:	0 €	0 €	0 €

Revenue by industry

	2022	2023	2024
Manufacture of prefabricated wooden buildings and elements			1 656 434 €
Manufacture of prefabricated wooden buildings (saunas, holiday cottages, houses) and elements	5 727 657 €	4 571 374 €

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
Lauri Tuulberg	38403XXXXXX	04.03.1984 (42)	Board member	10.08.2015	-

1 - 1 / 1 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
aktsiaselts "RAND & TUULBERG GRUPP"	-	05.12.1996 (29)	Shareholder	22 400,00 EUR	89,6	Sole ownership	17.12.2025	-

9 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
Raivo Rand	35611XXXXXX	22.11.1956 (69)	Chairman of the supervisory board	06.03.2025	-
Aivar Tuulberg	36204XXXXXX	02.04.1962 (64)	Supervisory-board member	22.08.2024	-
Maiken Tops	46405XXXXXX	01.05.1964 (62)	Supervisory-board member	22.08.2024	-
OÜ E-Audit	-	-	Audit firm	25.11.2022	-
AS RAND & TUULBERG GRUPP	-	-	Founder	24.07.2015	-

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

1 - 5 / 5 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Aivar Tuulberg	36204XXXXXX	02.04.1962 (64)	Indirect holding	17.10.2018	-
Raivo Rand	35611XXXXXX	22.11.1956 (69)	Indirect holding	17.10.2018	-

1 - 2 / 2 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q1

Turnover

Amount

529 726 €

Monthly average

176 575 €

Per employee

4 905 €

Equity ratio

706,30%

Labour taxes

Turnover ratio

29,69%

Tax ratio

239,54%

Monthly average

52 423 €

Per employee

1 380 €

State taxes

Monthly average

21 885 €

Turnover ratio

12,39%

Estimated salary

Gross salary

2 565 €

Net salary

2 052 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	498 387 €48.4%	966 331 €26.2%	1 310 102 €22.3%	1 071 337 €65.0%	649 228 €50.7%	1 317 515 €
Non-current assets	4 482 958 €5.5%	4 745 996 €2.8%	4 882 099 €1.4%	4 815 682 €2.2%	4 924 409 €3.6%	5 106 263 €
Total assets	4 981 345 €12.8%	5 712 327 €7.7%	6 192 201 €5.2%	5 887 019 €5.6%	5 573 637 €13.2%	6 423 778 €
Short-term liabilities	1 411 772 €15.5%	1 221 880 €76.1%	5 112 423 €177.1%	1 844 736 €2.5%	1 891 199 €72.2%	6 810 741 €
Long-term liabilities	185 219 €95.2%	3 834 967 €695.9%	481 847 €86.9%	3 664 434 €31.0%	5 308 776 €548.1%	819 093 €
Total liabilities	1 596 991 €68.4%	5 056 847 €9.6%	5 594 270 €1.5%	5 509 170 €23.5%	7 199 975 €5.6%	7 629 834 €
Share or stock capital	25 000 €	25 000 €	25 000 €	25 000 €	25 000 €	25 000 €
Retained earnings	4 811 000 €739.7%	572 931 €62.4%	352 849 €1.2%	348 662 €128.3%	-1 231 056 €8.7%	-1 132 756 €
Net profit	-1 451 646 €2 622.5%	57 549 €73.9%	220 082 €5 156.3%	4 187 €101.0%	-420 282 €327.6%	-98 300 €
Equity	3 384 354 €416.3%	655 480 €9.6%	597 931 €58.2%	377 849 €123.2%	-1 626 338 €34.8%	-1 206 056 €
Turnover	1 656 434 €63.8%	4 571 374 €20.2%	5 727 657 €29.0%	4 440 473 €5.5%	4 209 682 €1.0%	4 168 383 €
Profit margin	-87.64%7 061.4%	1.26%67.2%	3.84%3 975.1%	0.09%100.9%	-9.98%323.4%	-2.36%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-	-	-	-	-
Liquidity
Current ratio	A.C	W.T	G.C	0.6	0.3
Quick ratio	O.P	T.Y	E.N	0.2	0.1
Cash ratio	S.K	M.I	S.P	0.1	0.1
Efficiency
Days sales outstanding (dso)	YU.U	OB.T	XX.S	14.4	26.0
Asset turnover	R.Z	T.M	B.S	0.8	0.7
Structure
Debt ratio	L.V	J.R	O.S	0.9	1.3
Profitability
Operating margin	-RL.U%	M.O%	W.E%	2.8%	-7.0%
Net profit margin	-CA.M%	U.I%	T.K%	0.1%	-10.0%
Return on assets (roa)	-LP.A%	E.Z%	G.F%	0.1%	-7.0%
Return on equity (roe)	-WE.V%	U.G%	JP.J%	1.1%	-

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

Licences & notices

Type	Number	Field	Status	Start	End
Notice of economic activity	EEH011299	- > Construction	Valid	25.07.2019	-
Notice of economic activity	EEP003765	- > Design / engineering	Valid	04.01.2017	-

1 - 2 / 2 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
K 50012493 / 13	21.11.2025	Entry - Commercial-pledge opening entry		Entered into force (21.11.2025)
K 50012493 / 12	17.08.2022	Entry - Commercial-pledge opening entry		Entered into force (17.08.2022)
Ä 50012493 / 11	18.11.2021	Entry - Amendment entry		Entered into force (18.11.2021)
Ä 50012493 / 10	03.08.2021	Entry - Amendment entry under CRA § 525 (2)		Entered into force (03.08.2021)
Ä 50012493 / M3	03.08.2021	Order to remedy deficiencies for correcting extra-entry data - Amendment entry under CRA § 525 (2)	17.08.2021	Deficiencies remedied (11.08.2021)

1 - 5 / 16 rows

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

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date	Participants
2-24-7662/28	Civil case	Court ruling	Law of obligations	Kristiina Kask	ECLI:EE:TMK:2025:2.24.7662.19858	04.12.2025

1 - 1 / 1 rows

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions

Date	Party	Amount	Classification
12.08.2022	Eesti Töötukassa	901.20 € Received	OPERATING EXPENSES Social protection of the unemployed
04.03.2022	Eesti Töötukassa	691.20 € Received	OPERATING EXPENSES Social protection of the unemployed
17.11.2021	Eesti Töötukassa	397.44 € Received	OPERATING EXPENSES Social protection of the unemployed
10.11.2021	Eesti Töötukassa	179.20 € Received	OPERATING EXPENSES Social protection of the unemployed
14.06.2021	Eesti Töötukassa	186.96 € Received	OTHER GRANTS Social protection of the unemployed

1 - 5 / 6 rows

.ee domains

Domain	Status	Registered	Expires	End
welement.ee	Active	15.09.2015	16.09.2026	-

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