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Covalent Osaühing

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RegisteredHarju County
Registry code
10978416
VAT number
EE100862481
Address
Harju maakond, Tallinn, Lasnamäe linnaosa, Lõõtsa tn 8, 11415
Registered
17.10.2003 · 22 yrs
Activity
Other business support service activities n.e.c. 82991
Capital
2 556 €
Email
c•••@c•••.eeLog in to see
Phone
+372 •• ••••Log in to see
Business Register 05.10.2026
Tax debt over €10,000 and over 90 days
Sales revenue612 k €+14%2025 annual report
Profit226 k €2025 annual report
Employees6Tax Board 2026 Q2
Average gross salary1 841 €estimate, Tax Board 2026 Q2
Labour taxes per quarter16 897 €Tax Board 2026 Q2
Cash349 k €Cash 31.12.2025, annual report
Tax debt25 342 €sh ajatatud 12 671 €Tax Board 05.10.2026 · details below
Revenue 12 months643 k €+16%Tax Board, last 4 quarters
State taxes 12 months121 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · days in debt: 10
26.0928.0930.0903.1005.10
Total tax debtsellest ajatatudmax 25 342 €
Details ↓
Turnover by quarter · latest 159 tuh €
133 k140 k143 k139 k144 k215 k125 k159 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
B
Weak, high risk
87 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 05.10.2026 · open data
Quick check
  • Tax debt 25 342 €
  • No enforcement proceedings (12 months)
  • No payment orders (12 months)
  • No bankruptcy or liquidation
  • No sanctions
  • Report filed (2025)
  • VAT registered
Stability
RatingB since 26.09.2026
In tax debt10 days since 26.09.2026
Revenue 12 months▲ 16% vs a year earlier
Notification when something changes

Data

Board and owners

1 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 1
Allan Kulpson2 companies1 with tax debtPersonal ID ↗27.02.2004
Shareholders 1
Allan Kulpson100,0% 2 556 €01.09.2023
Beneficial owners 1
Allan Kulpson2 companies1 with tax debtdirect holding19.10.2018

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue18,6%
Labour taxes / revenue10,6%
Revenue per employee per month8 861 €
Gross salary (estimate)1 841 €
Net salary (estimate)1 538 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q2159 494 €▲ 15%16 897 €29 684 €6
2026 Q1125 057 €▼ 13%11 177 €21 120 €6
2025 Q4215 052 €▲ 54%17 738 €32 751 €6
2025 Q3143 818 €▲ 8%16 919 €37 667 €6
2025 Q2139 251 €▼ 1%17 898 €28 376 €6
2025 Q1143 157 €▼ 14%16 679 €28 758 €6
2024 Q4139 985 €▲ 15%17 546 €34 744 €6
2024 Q3133 054 €▲ 12%20 742 €30 525 €6
2024 Q2141 209 €▼ 7%19 746 €35 734 €6
2024 Q1165 768 €▲ 78%17 595 €23 194 €6
2023 Q4121 536 €▼ 4%22 400 €32 045 €6
2023 Q3118 296 €▼ 9%17 968 €29 642 €6
Show full history (18 quarters)
2023 Q2152 646 €▲ 9%13 839 €17 875 €6
2023 Q193 189 €▼ 18%19 198 €23 711 €6
2022 Q4126 523 €11 820 €17 317 €6
2022 Q3129 999 €18 791 €29 054 €6
2022 Q2140 567 €19 695 €28 955 €6
2022 Q1113 766 €18 158 €23 529 €7

Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0

Annual reports

5 yr
Build report

20252024202320222021
Sales revenue612 k €▲ 14%534 k €▲ 3%517 k €▲ 13%458 k €▼ 4%477 k €
Profit226 k €▲ 31%173 k €▲ 6%164 k €▲ 56%105 k €▼ 18%129 k €
Profit margin37,0%32,5%31,8%23,0%27,0%
Retained earnings67 064 €▲ 33%50 311 €▼ 54%109 k €▲ 14%96 185 €▼ 18%118 k €
Cash349 k €▲ 16%300 k €▲ 8%279 k €▲ 14%244 k €0%245 k €
Current assets442 k €▲ 21%366 k €▲ 7%342 k €▲ 8%318 k €▼ 5%333 k €
Fixed assets5 820 €▼ 31%8 487 €▼ 64%23 346 €▲ 14%20 446 €▼ 3%21 105 €
Assets448 k €▲ 20%374 k €▲ 2%365 k €▲ 8%339 k €▼ 5%355 k €
Current liabilities152 k €▲ 3%148 k €▲ 66%88 977 €▼ 32%132 k €▲ 33%98 896 €
Long-term liabilities——0 €▼ 100%2 505 €▼ 63%6 699 €
Total liabilities152 k €▲ 3%148 k €▲ 66%88 977 €▼ 34%134 k €▲ 27%106 k €
Equity296 k €▲ 31%227 k €▼ 18%276 k €▲ 35%204 k €▼ 18%249 k €
Labour costs-177 k €▲ 4%-184 k €▼ 5%-175 k €▲ 8%-191 k €▲ 4%-200 k €
Employees70%70%7▼ 12%80%8
Filed30.06.202630.06.202530.06.202430.06.202330.06.2022
ReportPDF ↓PDF ↓PDF ↓PDF ↓PDF ↓

▲ growth, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0

Revenue by activity

2025
ActivityEMTAKSales revenueOsa
Other business support service activities n.e.c. main activity82991597 791 €100%

2025 annual report, RIK open data

Real estate

e-kinnistusraamat

Loading properties…

Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data

Debts and court cases

1 records
Tax debt 25 342 € · as of 05.10.2026
Ajatatud (tasumisgraafik)
12 671 € · kuni 31.10.2026
Ajatamata osa
12 671 €
Debt arose
11.05.2026 · oldest unpaid claim, 147 days
Consecutively on the list
since 26.09.2026 (10 days) · Firmo data starts 26.09.2026

Tax debt change 26.09.2026 to 05.10.2026 · days in debt: 10

26.0928.0930.0903.1005.10
Total tax debtsellest ajatatudmax 25 342 €

Tax debt history over 5 years

StartEndDaysLargest debtStatus
26.09.2026ongoing1025 342 €unpaid

Paid tax debt stays visible for 5 years. Only tax debt from the last 2 years affects the rating.

Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.

Enforcement, payment orders and notices

avalikke teateid pole

Official Announcements contain no enforcement, payment order or tax authority notices about the company.

Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.

State: transactions, tenders, grants

none

No transactions with state agencies, procurement contracts or grants found

RTK Saldo, Riigihangete register, RTK toetatud projektid

Holdings in other companies

0

No holdings in other companies

Companies linked via the board

1
GL Pharma Eesti OÜAllan Kulpson416 k €AA

Sorted by revenue (latest report or 4 quarters).

Top 20 in activity: Other business support service activities n.e.c.

20
#CompanyRevenue
1Paide Salvestusjaam OÜ10,3 m €
2Wolt Eesti OÜ8,4 m €
3AstraZeneca Eesti OÜ7,0 m €
4AbbVie OÜ6,3 m €
5Mindvalley OÜ5,6 m €
6Swixx Biopharma OÜ4,4 m €
7Finsupport Services OÜ4,4 m €
8Tickmill Services OÜ3,9 m €
9Olensen Management OÜ3,8 m €
10ThermoNord OÜ3,7 m €
11BRANDINC JEWELLERY Sp. z o.o. Eesti filiaal3,6 m €
12R8 Technologies OÜ3,5 m €
13Orifarm Healthcare OÜ3,3 m €
14Xolo Teams OÜ3,1 m €
15Bayer OÜ2,9 m €
16Merck Sharp & Dohme OÜ2,5 m €
17Agritrade Europe OÜ2,0 m €
18Borco machinery OÜ2,0 m €
19Mapzon OÜ1,9 m €
20Uponor Infra OÜ1,9 m €

Covalent Osaühing: place 75 /1846

Similar size: Southwestern Advantage Europe OÜ, NSdeal OÜ, OÜ Hõlp, Elecster Baltic Osaühing, SOLUTION AX OÜ, Appstinum OÜ, CROWDESTOR OÜ, PHNX 2 OÜ, Raduga Shipping Agency OÜ, GlobalOne Trading OÜ

Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity

Licences, pledges, domains

No data

History and notices

10
DateTypeContent
01.09.2023EntryAmendment entry
08.11.2018EntryMuutmiskanne ÄS § 525 lg 2 alusel
17.01.2018EntryAmendment entry
08.11.2017EntryAmendment entry
31.08.2016EntryAmendment entry
20.01.2012EntryAmendment entry
28.12.2011EntryMuutmiskanne ÄS § 525 lg 2 alusel
03.12.2008Tegevusalade kustutamine registrikaardiltAmendment entry
26.02.2004Jaatav kandeotsusAmendment entry
16.10.2003Jaatav kandeotsusFirst entry