WELEMENT AS

Legal form:: Public limited company
Registry code:: 12892498
VAT no.:: EE101810982
Fiscal-year period:: 01.01 - 31.12
Established:: 10.08.2015 (11 y)
Capital:: 25 000 EUR
Address:: Klaasi tn 14, Tartu linn, Tartu linn, Tartu maakond, 50409
Status:: Registered
LEI code:: 984500A03AE9A9A56J79
E-invoice reception:: e-arveldaja

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Contacts

Phone:: +372 53334302
Email:: info@welement.ee
Website:: https://www.welement.ee

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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

Industry TOPNo. 25 of 184 companies

1.osaühing Harmet106.2M €
2.AS Palmako102.8M €
3.OÜ Module Tech25.7M €
4.Ramirent Modular Factory AS21.1M €
5.OÜ Saru Lauavabrik20.6M €
6.osaühing Baltic Connexions16M €
7.Osaühing NOVARA15.3M €
8.Compact Home OÜ14.4M €
9.Auroom OÜ13.5M €
10.Ecosauna Project OÜ10.7M €

25.WELEMENT AS4.2M €

Main activity 16231 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE101810982	11.08.2015	-

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	01.07.2024	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	25.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	27.06.2018	Valid	PDF
2016	10.08.2015 – 31.12.2016	16.05.2017	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 decisions1 Official announcements–TTJA decisions–Real estate–.ee domains1 Licenses2 Regulations16 Public transactions6 Grants–State aid11 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	162 357 €	165 361 €	1,40 M €+3,2%	39
2026 Q2	69 946 €	138 756 €	1,35 M €+155%	40
2026 Q1	65 656 €	157 270 €	529 726 €−43,8%	36
Total 2026:	297 959 €	461 387 €	3,28 M €
2025 Q4	0 €	160 832 €	942 135 €−37,1%	40
2025 Q3	84 486 €	135 097 €	1,50 M €+2,5%	36
2025 Q2	117 661 €	120 494 €	1,46 M €+159%	32
2025 Q1	49 840 €	102 249 €	564 745 €+54,7%	28
Total 2025:	251 987 €	518 672 €	4,46 M €
2024 Q4	60 695 €	98 854 €	365 082 €+144%	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
Total 2024:	316 498 €	413 986 €	1,67 M €
2023 Q4	6 864 €	105 147 €	1,22 M €+95,6%	28
2023 Q3	11 418 €	100 802 €	623 095 €−44,4%	27
2023 Q2	86 042 €	103 413 €	1,12 M €+18,6%	29
2023 Q1	25 146 €	111 665 €	945 484 €−52,9%	36
Total 2023:	129 470 €	421 027 €	3,91 M €
2022 Q4	0 €	116 122 €	2,01 M €−3,1%	35
2022 Q3	0 €	101 089 €	2,07 M €+252%	37
2022 Q2	0 €	77 097 €	588 115 €−29,1%	34
2022 Q1	29 316 €	89 332 €	829 140 €−28,0%	32
Total 2022:	29 316 €	383 640 €	5,49 M €
2021 Q4	34 672,38 €	91 970,25 €	1,15 M €−22,2%	35
2021 Q3	0 €	103 738,69 €	1,48 M €+32,4%	34
2021 Q2	0 €	91 525,64 €	1,12 M €+69,1%	34
2021 Q1	65 813,04 €	79 399,51 €	661 268,05 €+18,8%	32
Total 2021:	100 485,42 €	366 634,09 €	4,41 M €
2020 Q4	2 142,92 €	86 059,98 €	556 664,09 €−35,2%	30
2020 Q3	27 513,77 €	114 730,10 €	858 526,28 €−20,4%	30
2020 Q2	2 476,11 €	113 274,81 €	1,08 M €+27,8%	36
2020 Q1	21 451 €	117 527 €	843 742 €−22,1%	39
Total 2020:	53 583,80 €	431 591,89 €	3,34 M €
2019 Q4	0 €	108 205 €	1,08 M €−21,7%	41
2019 Q3	114 339 €	88 842 €	1,38 M €+62,5%	43
2019 Q2	5 730 €	83 190 €	852 031 €+60,7%	37
2019 Q1	0 €	73 861 €	530 321 €−23,9%	31
Total 2019:	120 069 €	354 098 €	3,85 M €
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 €+139%	29
2018 Q1	52 538 €	65 752 €	234 674 €−72,3%	30
Total 2018:	126 711 €	283 879 €	2,14 M €
2017 Q4	83 847 €	65 925 €	846 974 €+773%	28
2017 Q3	0 €	55 198 €	97 058 €−94,4%	25
2017 Q2	0 €	43 840 €	1,72 M €+3 934%	20
2017 Q1	0 €	38 960 €	42 638 €	14
Total 2017:	83 847 €	203 923 €	2,71 M €
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
Total 2016:	0 €	52 247 €	0 €
2015 Q4	0 €	0 €	0 €	0
2015 Q3	0 €	0 €	0 €	0
Total 2015:	0 €	0 €	0 €

Revenue by industry

	2023	2024	2025
Manufacture of prefabricated wooden buildings and elements		1 656 434 €	7 420 396 €
Manufacture of prefabricated wooden buildings (saunas, holiday cottages, houses) and elements	4 571 374 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

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

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Shareholders

	Personal ID code
aktsiaselts "RAND & TUULBERG GRUPP"	10164518	05.12.1996 (29)	Shareholder	22 400 EUR	89,60%	Sole ownership	17.12.2025	-

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Other persons

	Personal ID code
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	10241762	25.07.1997 (29)	Audit firm	25.11.2022	-
aktsiaselts "RAND & TUULBERG GRUPP"	10164518	05.12.1996 (29)	Founder	24.07.2015	-

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Ultimate beneficial owners

	Personal ID code
Aivar Tuulberg	36204XXXXXX	02.04.1962 (64)	Indirect holding	17.10.2018	-
Raivo Rand	35611XXXXXX	22.11.1956 (69)	Indirect holding	17.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 1 396 486 €
Monthly average: 465 495 €
Per employee: 11 936 €
Equity ratio: 1 861,98%

Labour taxes

Turnover ratio: 11,84%
Tax ratio: 101,85%
Monthly average: 55 120 €
Per employee: 1 395 €

State taxes

Monthly average: 54 119 €
Turnover ratio: 11,63%

Estimated salary

Gross salary: 2 572 €
Net salary: 2 088 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	1 720 660 €+245%	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	4 255 436 €−5,1%	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	5 976 096 €+20,0%	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	1 812 428 €+28,4%	1 411 772 €+15,5%	1 221 880 €−76,1%	5 112 423 €+177%	1 844 736 €−2,5%	1 891 199 €−72,2%	6 810 741 €
Long-term liabilities	121 186 €−34,6%	185 219 €−95,2%	3 834 967 €+696%	481 847 €−86,9%	3 664 434 €−31,0%	5 308 776 €+548%	819 093 €
Total liabilities	1 933 614 €+21,1%	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 €	25 000 €
Retained earnings	-2 821 166 €−106%	-1 369 520 €+4,0%	-1 427 069 €+13,4%	-1 647 151 €+0,3%	-1 651 338 €−34,1%	-1 231 056 €−8,7%	-1 132 756 €
Net profit	658 128 €+145%	-1 451 646 €−2 622%	57 549 €−73,9%	220 082 €+5 156%	4 187 €+101%	-420 282 €−328%	-98 300 €
Equity	4 042 482 €+19,4%	3 384 354 €+416%	655 480 €+9,6%	597 931 €+58,2%	377 849 €+123%	-1 626 338 €−34,8%	-1 206 056 €
Turnover	7 420 396 €+348%	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	8,9%	-87,6%	1,3%	3,8%	0,1%	-10,0%	-2,4%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	0,3	0,6
Quick ratio	0,0	0,2
Cash ratio	0,0	0,1
Efficiency
Days sales outstanding (dso)	15,7	14,4
Asset turnover	0,9	0,8
Structure
Debt ratio	0,9	0,9
Profitability
Operating margin	5,5%	2,8%
Net profit margin	3,8%	0,1%
Return on assets (roa)	3,6%	0,1%
Return on equity (roe)	36,8%	1,1%

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Licences & notices


Notice of economic activity	EEH011299	Construction	Valid	25.07.2019	-
Notice of economic activity	EEP003765	Design / engineering	Valid	04.01.2017	-

Regulations


K 50012493 / 13	21.11.2025	Entry – Commercial-pledge opening entry	-	Entered into force21.11.2025
K 50012493 / 12	17.08.2022	Entry – Commercial-pledge opening entry	-	Entered into force17.08.2022
Ä 50012493 / 11	18.11.2021	Entry – Amendment entry	-	Entered into force18.11.2021
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 remedied11.08.2021
Ä 50012493 / 10	03.08.2021	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force03.08.2021

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


2-24-7662/28	Kohtu I astme menetlus	Court ruling	Law of obligations	Kristiina Kask	ECLI:EE:TMK:2025:2.24.7662.19858	04.12.2025	Open

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


12.08.2022	Eesti Töötukassa	901,20 €Received	OPERATING EXPENSESSocial protection of the unemployed
04.03.2022	Eesti Töötukassa	691,20 €Received	OPERATING EXPENSESSocial protection of the unemployed
17.11.2021	Eesti Töötukassa	397,44 €Received	OPERATING EXPENSESSocial protection of the unemployed
10.11.2021	Eesti Töötukassa	179,20 €Received	OPERATING EXPENSESSocial protection of the unemployed
14.06.2021	Eesti Töötukassa	186,96 €Received	OTHER GRANTSSocial protection of the unemployed

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


27.11.2024	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231469	Koolitus VTA › Koolitus VTAGrant	16 281 €	231469/2400426
28.11.2023	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231577	Muu › MuuGrant	9 818 €	231577/2400008
03.10.2022	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15457	Regionaalareng (VTA) › MuuGrant	1 573,08 €	15457/2200027
02.08.2021	Eesti TöötukassaAid measure 20985	Koolitus VTA › Koolitus VTAGrant	1 088,64 €	20985/2200615
30.07.2021	Eesti TöötukassaAid measure 20985	Koolitus VTA › Koolitus VTAGrant	1 080,40 €	20985/2202273

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


welement.ee	Active	15.09.2015	16.09.2027

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.