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SummaryLegal & StatusTimelineNetworkOwnership & ManagementShareholdersUltimate Beneficial OwnerGeographyFinancialsFinancial HealthDocuments

Osaühing Tuuleveski

🇪🇪Estonia•Osaühing•Active
Net margin (2024)Net margin
14.6%
YoY revenue (2023 vs 2024)YoY revenue
+38.9%
Current ratio (2024)Current ratio

Summary

Country🇪🇪Estonia
StatusActive
Registration Number10008480
Founded23/01/1996
AddressPõrguvälja Tee 20, Lehmja küla, Rae Vald, Harju Maakond, Rae Vald, Harju Maakond, 75306

Legal & Status

Legal FormOsaühing
StatusActive
Registration Date23/01/1996
Registry AuthorityEstonian Business Register / Äriregister
Registered Capital6,390

Source: Estonia RIK · Last updated: 24/04/2026

Timeline (2 events)

24/04/2026

Legal form changed

→ Osaühing

23/01/1996

Company incorporated

Incorporation date: 1996-01-23

Network

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Network depth

Ownership & Management

Persons with significant control

Erkki Lill

Person with significant control

Appointed: 21/06/2019

—
Arvo Lill

Person with significant control

Appointed: 21/06/2019

—
Helina Lill

Person with significant control

Appointed: 21/06/2019

—

Ownership Timeline (3 changes)

21/06/2019

Appointed Erkki Lill (person)

Person with significant control

21/06/2019

Appointed Arvo Lill (person)

Person with significant control

21/06/2019

Appointed Helina Lill (person)

Person with significant control

Shareholders

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Ultimate Beneficial Owner

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Geography

Headquarters

Põrguvälja Tee 20

Lehmja küla, Rae Vald, Harju Maakond

Rae Vald

Harju Maakond

75306

Financials

Key figures from annual accounts filings.

Convert to

2019

Turnover: €1.3M

Key figures

Turnover

2019€1,259,798
2020€630,096
2021€434,611
2022€676,303
2023€1,152,760
2024€1,600,816

Revenue

2019€1,259,798
2020€630,096
2021€434,611
2022€676,303
2023€1,152,760
2024€1,600,816

Profit / (loss)

2019€-81,600
2020€-22,825
2021€-19,505
2022€-20,979
2023€140,939
2024€234,317

Total assets

2019€782,795
2020€733,174
2021€674,629
2022€493,264
2023€563,201
2024€814,478

Equity

2019€424,720
2020€401,895
2021€382,390
2022€361,411
2023€502,652
2024€736,969

Share Capital

2019€6,390
2020€6,390
2021€6,390
2022€6,390
2023€6,390
2024€6,390

Current Assets

2019€421,856
2020€401,441
2021€363,600
2022€199,206
2023€243,302
2024€460,768

Admin expenses

2019€435,477
2020€219,936
2021€170,330
2022€185,753
2023€274,145
2024€409,343

Assets

2019€782,795
2020€733,174
2021€674,629
2022€493,264
2023€563,201
2024€814,478

Average Number Of Employees In Full Time Equivalent Units

201944
202030
202119
202216
202318
202432

Cash And Cash Equivalents

2019€29,785
2020€8,391
2021€91,423
2022€160,324
2023€157,234
2024€305,390

Current Liabilities

2019€224,435
2020€230,652
2021€196,142
2022€131,853
2023€60,549
2024€77,509

Depreciation And Impairment Loss Reversal

2019€-28,603
2020€-27,709
2021€-25,042
2022€-18,328
2023€-25,642
2024€-34,217

Employee Expense

2019€-435,477
2020€-219,936
2021€-170,330
2022€-185,753
2023€-274,145
2024€-409,343

Issued Capital

2019€6,390
2020€6,390
2021€6,390
2022€6,390
2023€6,390
2024€6,390

Labor Expense

2019€435,477
2020€219,936
2021€170,330
2022€185,753
2023€274,145
2024€409,343

Non Current Assets

2019€360,939
2020€331,733
2021€311,029
2022€294,058
2023€319,899
2024€353,710

Non Current Liabilities

2019€133,640
2020€100,627
2021€96,097
2022€0
2023—
2024—

Retained Earnings Loss

2019€499,291
2020€417,691
2021€394,866
2022€375,361
2023€354,684
2024€495,623

Total Annual Period Profit Loss

2019€-81,600
2020€-22,825
2021€-19,505
2022€-20,979
2023€140,939
2024€234,317

Total Profit Loss

2019€65,007
2020€-4,132
2021€-5,156
2022€25,272
2023€138,387
2024€231,476

Total Profit Loss Before Tax

2019€-81,600
2020€-22,825
2021€-19,505
2022€-20,979
2023€140,939
2024€234,317
Metric201920202021202220232024
Turnover€1,259,798€630,096€434,611€676,303€1,152,760€1,600,816
Revenue€1,259,798€630,096€434,611€676,303€1,152,760€1,600,816
Profit / (loss)€-81,600€-22,825€-19,505€-20,979€140,939€234,317
Total assets€782,795€733,174€674,629€493,264€563,201€814,478
Equity€424,720€401,895€382,390€361,411€502,652€736,969
Share Capital€6,390€6,390€6,390€6,390€6,390€6,390
Current Assets€421,856€401,441€363,600€199,206€243,302€460,768
Admin expenses€435,477€219,936€170,330€185,753€274,145€409,343
Assets€782,795€733,174€674,629€493,264€563,201€814,478
Average Number Of Employees In Full Time Equivalent Units443019161832
Cash And Cash Equivalents€29,785€8,391€91,423€160,324€157,234€305,390
Current Liabilities€224,435€230,652€196,142€131,853€60,549€77,509
Depreciation And Impairment Loss Reversal€-28,603€-27,709€-25,042€-18,328€-25,642€-34,217
Employee Expense€-435,477€-219,936€-170,330€-185,753€-274,145€-409,343
Issued Capital€6,390€6,390€6,390€6,390€6,390€6,390
Labor Expense€435,477€219,936€170,330€185,753€274,145€409,343
Non Current Assets€360,939€331,733€311,029€294,058€319,899€353,710
Non Current Liabilities€133,640€100,627€96,097€0——
Retained Earnings Loss€499,291€417,691€394,866€375,361€354,684€495,623
Total Annual Period Profit Loss€-81,600€-22,825€-19,505€-20,979€140,939€234,317
Total Profit Loss€65,007€-4,132€-5,156€25,272€138,387€231,476
Total Profit Loss Before Tax€-81,600€-22,825€-19,505€-20,979€140,939€234,317

Documents

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Annual report

Accounts for the accounting period ending on: 31/12/2024

Filed: 02/06/2025

Annual report

Accounts for the accounting period ending on: 31/12/2023

Filed: 28/06/2024

Annual report

Accounts for the accounting period ending on: 31/12/2022

Filed: 06/06/2023

Annual report

Accounts for the accounting period ending on: 31/12/2021

Filed: 19/05/2022

Annual report

Accounts for the accounting period ending on: 31/12/2020

Filed: 22/06/2021

Annual report

Accounts for the accounting period ending on: 31/12/2019

Filed: 18/08/2020

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5.94×
Liabilities to equity (2024)Liabilities to equity
0.11×
YoY profit / (loss) (2023 vs 2024)YoY profit / (loss)
+66.3%

Financial Health

Derived ratios from annual accounts. Values are omitted when data is missing or not meaningful.

Margins

Net margin (2019)
-6.5%
Administrative expenses % of revenue (2019)
34.6%
Net margin (2020)
-3.6%
Administrative expenses % of revenue (2020)
34.9%
Net margin (2021)
-4.5%
  1. –
  2. –
  3. –Osaühing Tuuleveski
Administrative expenses % of revenue (2021)
39.2%
Net margin (2022)
-3.1%
Administrative expenses % of revenue (2022)
27.5%
Net margin (2023)
12.2%
Administrative expenses % of revenue (2023)
23.8%
Net margin (2024)
14.6%
Administrative expenses % of revenue (2024)
25.6%

Growth

YoY revenue (2019 vs 2020)
-50%
YoY profit / (loss) (2019 vs 2020)
+72%
YoY total assets (2019 vs 2020)
-6.3%
YoY revenue (2020 vs 2021)
-31%
YoY profit / (loss) (2020 vs 2021)
+14.5%
YoY total assets (2020 vs 2021)
-8%
YoY revenue (2021 vs 2022)
+55.6%
YoY profit / (loss) (2021 vs 2022)
-7.6%
YoY total assets (2021 vs 2022)
-26.9%
YoY revenue (2022 vs 2023)
+70.5%
YoY profit / (loss) (2022 vs 2023)
+771.8%
YoY total assets (2022 vs 2023)
+14.2%
YoY revenue (2023 vs 2024)
+38.9%
YoY profit / (loss) (2023 vs 2024)
+66.3%
YoY total assets (2023 vs 2024)
+44.6%
CAGR revenue (2019–2024)
+4.9%
CAGR total assets (2019–2024)
+0.8%

Efficiency & returns

Asset turnover (2019)
1.61×
Return on assets (net) (2019)
-10.4%
Asset turnover (2020)
0.86×
Return on assets (net) (2020)
-3.1%
Asset turnover (2021)
0.64×
Return on assets (net) (2021)
-2.9%
Asset turnover (2022)
1.37×
Return on assets (net) (2022)
-4.3%
Asset turnover (2023)
2.05×
Return on assets (net) (2023)
25%
Asset turnover (2024)
1.97×
Return on assets (net) (2024)
28.8%

Working capital & liquidity

Current ratio (2019)
1.88×
Current ratio (2020)
1.74×
Current ratio (2021)
1.85×
Current ratio (2022)
1.51×
Current ratio (2023)
4.02×
Current ratio (2024)
5.94×

Capital structure

Equity ratio (2019)
54.3%
Liabilities to total assets (2019)
45.7%
Liabilities to equity (2019)
0.84×
Equity ratio (2020)
54.8%
Liabilities to total assets (2020)
45.2%
Liabilities to equity (2020)
0.82×
Equity ratio (2021)
56.7%
Liabilities to total assets (2021)
43.3%
Liabilities to equity (2021)
0.76×
Equity ratio (2022)
73.3%
Liabilities to total assets (2022)
26.7%
Liabilities to equity (2022)
0.36×
Equity ratio (2023)
89.2%
Liabilities to total assets (2023)
10.8%
Liabilities to equity (2023)
0.12×
Equity ratio (2024)
90.5%
Liabilities to total assets (2024)
9.5%
Liabilities to equity (2024)
0.11×
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