Kitman Thulema AS

Registry code 12715827 · Active (R Registrisse kantud)

Kitman Thulema AS is an aktsiaselts registered in Tallinn, Estonia, incorporated on 5 Sep 2014. Its registered activity is mööbli (v.a madratsite) tootmine. Its latest published accounts for the period ending 31 Dec 2021 show equity of €5.3m, total assets of €8.7m, turnover of €15.0m, a result of €323k. It has filed 3 sets of accounts. Our model estimates a 0.10 % probability that it becomes insolvent within 12 months, 2.3 times the average for active companies (high risk).

Insolvency risk, next 12 months

0.10 %
High risk
Lowest riskHighest risk

Higher than 91 % of active companies in Estonia. 2.3× the average annual insolvency rate (0.04 %).

Raises the risk

Legal form9.2×Aktsiaselts · 0.40 % became insolvent
Turnover (log)7.0×≥ 5.4665 · 0.30 % became insolvent
Total assets (log)5.7×≥ 5.65704 · 0.25 % became insolvent
Employees5.0×≥ 2 · 0.22 % became insolvent
Days since last period end3.5×≥ 598 · 0.15 % became insolvent
Accounts type3.5×medium · 0.15 % became insolvent

Lowers the risk

Share of filings late0.6×0–0.166667 · 0.03 % became insolvent
Late filings0.7×0–1 · 0.03 % became insolvent
Turnover growth0.8×-2.01156e-05–0.31442 · 0.04 % became insolvent
Equity ratio0.9×0.449429–0.865495 · 0.04 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.96, trained 6 Nov 2026), not a credit rating. How it works.

Company details

Registry code
12715827 · official register
Status
R Registrisse kantud
Legal form
Aktsiaselts
Incorporated
5 Sep 2014 (12 years)
Registered address
11415 Tallinn
County
Harju County
Activity
31001 Mööbli (v.a madratsite) tootmine
Industry
Manufacture of furniture
Accounts overdue
Yes

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts EUR

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
31 Dec 202130 Jun 2022€15.0m €323k€5.3m€8.7m €2.6m€1.5m133
31 Dec 202030 Jun 2021€13.2m €811k€5.5m€8.3m €1.9m€783k122
31 Dec 201930 Jun 2020€14.2m €290k€4.7m€8.5m €2.6m€248k137

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in Harju County

Questions about Kitman Thulema AS

What is the registry code of Kitman Thulema AS?

Kitman Thulema AS is registered under registry code 12715827 in the official register of Estonia. View it at the official register.

Is Kitman Thulema AS still active?

Yes. Kitman Thulema AS is registered as active (status: R Registrisse kantud).

Has Kitman Thulema AS gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for Kitman Thulema AS in the official data.

How likely is Kitman Thulema AS to become insolvent?

Our model estimates a 0.10 % probability that Kitman Thulema AS becomes insolvent within the next 12 months (high risk). That is higher than 91 % of active companies in Estonia.

When was Kitman Thulema AS founded?

Kitman Thulema AS was incorporated on 5 Sep 2014.

Where is Kitman Thulema AS registered?

Kitman Thulema AS's registered address is in 11415 Tallinn (Harju County), Estonia.

What do the latest accounts of Kitman Thulema AS show?

The latest published accounts (period ending 31 Dec 2021) show equity of €5.3m, total assets of €8.7m, turnover of €15.0m, a result of €323k, 133 employees.

Data: e-Business Register (Centre of Registers and Information Systems, RIK) – open data (CC BY 4.0). Last updated 6 Nov 2026.